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Newspaper
Roswell Daily Record
Location
Roswell, New Mexico, United States of America
Date
Aug 12, 1935
Page
4
The Associated Press reports wide swings on the New York Stock Exchange with numerous grander names fluctuating. Investors chased early gains as tech and industrials moved, while utilities and energy shares showed mixed results amid broader market uncertainty.
Market largely brushed off profit taking as rails and utilities led gains. Volume expanded on low priced power issues and carriers, with Union Pacific and American Telephone up about 2 points. Several names hit new yearly highs while others held, and total shares traded reached 2,434,630.
New Orleans spot cotton closed steady to slightly lower as activity remained quiet. Prices fell 15 points with sales totaling 49, middling grade recorded at 11.45 cents per pound.
Cotton eased in New York today after easy Liverpool cables and foreign selling plus hedge pressure from the south and liquidation. Prices declined 10 to 6 points from Saturday's close, remaining near the late trading lows. Futures closed 5 to 15 points lower while spot market stayed quiet at middling 11.50.
Hogs totals reach 2 500 with top prices at 11.70 for 200 to 250 pound choice hogs and 11.55 to 11.70 for 170 to 270 pound desirable stock. Cattle run 26 000 with calves 6 000 and steers in the 11 25 range. yearlings 10 35. stockers and feeders 5 75 to 8 25, some loads at 8 50 to 8 65. Sheep 4 000 with native lambs top at 8 40 and most sales 8 25 to 8 40.
Demand remained fairly steady for 64s and finer wools and western grown fibers in Boston. Recent sales showed moderate quantities of good French combing 64s and finer at 70 to 72 cents a pound, with average to short French combing wools trading around 65 to 67 cents.
Chicago grain and livestock markets closed with mixed moves on August 12. Wheat fluctuated with September at 8 75, December 89 7/8, May 91. corn at September 74 7/8, December 56, May 56 5/8. oats at September 28, December 29 3/4, May 32 1/4. rye 41 7/8. barley 42. lard futures up to 15.70 for October and 15.97 for September. bellies at 19.00 for September.
Galveston, Aug. 12. Cotton prices held steady with middling at 11.35 and declines of 15 points noted. Sales totaled 50 units as reported by AP.
U. S. bonds quoted by the Associated Press include Treas 4s 47-52 at 116.27, Fed Farm Mtg 3s 49 at 101.30, Fed Farm Mtg 3s 64 at 103.20, and Home Owners 3s at 101.31.
Grant New Mexico Aug 12 AP Scolkes tico Estrada 22 of Gallup a Santa Fe extra gang worker was instantly killed when struck by a moving passenger train in Grant yards Saturday night His body was hurled 60 feet Officials say Estrada and his companion Esteven Valencia were believed attempting to board a freight train to Gallup when the accident occurred
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