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Newspaper
Roswell Daily Record
Location
Roswell, New Mexico, United States of America
Date
Aug 15, 1935
Page
4
The New York Stock Exchange settled with a wide array of gains and losses as many major issues posted mixed results. Industrial and consumer names such as Chrysler, Gen Electric, and U S Steel moved notably, while utilities and rail stocks showed varied directions amid late trading.
Selective buying lifted scattered specialties in today's market while profit taking dented others. U.S. government securities dipped and cotton futures held back. Spiegel-May-Stern and Auburn Automobile rose on brighter prospects. Several majors fell, bar silver hit a low since April 10, and total shares traded reached 1,582,370.
New York cotton prices firmed after an early decline as covering rose on talk of crop loan possibilities. Dec futures edged up to 11.02 with other months up 4 to 12 points. spot middling held at 11.70.
Boston wool buyers report a clear uptick in sales volume with prices steady to higher. Demand centers on fine and fine medium territory wools with French combing 64s and finer around 68 to 70 cents per scoured pound, while medium grades 56s to 3/8 blood fetch about 59 to 63 cents scoured.
New Orleans cotton closes steady with a 15 point gain as spot sales reach 926 bales. Middling price set at 11.50. AP reported the market in quiet trading today.
AP reports a compact stock roundup with fluctuating prices across oil, gas, mining, and utilities. Notable quotes include Amn Cyan B at 23, Am Fen P War 4 1/2, Gulf Oil Pa 64, Newmont Min 50 1/2, Texan Oil 5 1/2, and Unit Verde 2 7/8, among others.
AP report from Kansas City lists hogs at 12.00 top for 250 lb select, sows 10.15 to 10.60, cattle with light fed steers up to 11.25 and grass stock 5.35 to 8.25, vealers mostly 8.00 down, calves 1,000 head, sheep and lambs rising with native lambs hitting 8.85 and others 8.50 to 8.75.
Spot cotton in Galveston steadied at 15 up, middling grade at 11.55 cents per pound. Sales totaled 50 bales as of today.
U S bonds show Treas 44s at 47 52, 116.18. Fed Farm Mtg 3s at 49, 101.24. Fed Farm Mtg 34s at 64, 103.15. Home Owners 3s at 52, 101.22.
In San Francisco Fred Apostoli won a decision over Rudy Mendez in a lightweight bout held in San Francisco. Mendez stood 160 pounds while Apostoli weighed 157, the report from San Antonio, Texas, notes the televised or published outcome of the night’s boxing events.
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