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Roswell Daily Record in Roswell, New Mexico

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This newspaper page contains 8 articles. Subscribers can read the full text of each article.

Newspaper

Roswell Daily Record

Location

Roswell, New Mexico, United States of America

Date

Aug 17, 1934

Page

5

Stock Market Ends Mixed After Lethargic Session

Wall Street closed barely steady after scattered buying failed to lift prices. Turnover reached 477,030 shares as a few lead ing commodities softened sentiment while the bond market recovered. U S Steel and General Motors held steady as industry gauges drifted, and Armour offered a 1.50 quarterly dividend on new preferred stock amid mixed results from other majors.

Wall Street New York Bigelow-Sanford Carpet American Agricultural Chemical Armour New Devoe and Raynolds U. S&s Union Pacific Allied Chemical American Telephone Schenley and DuPont U. S. Steel General Motors Chrysler United Aircraft Goodyear National Distillers Dun & Bradstreet Standard Statistics Co

New York Stock Averages Close Mixed on Aug 17

The New York Stock Exchange showed a broad spectrum of gains and losses with many industrials and utilities quoted. Major movers included AmT&T, GenElec, CocaCola, and U.S. Steel, as investors tallied results and adjusted positions amid the day’s market activity. A separate section lists New York curb trades and miscellaneous financial notes.

New York New York Stock Exchange

Labatt Kidnapping Ordeal Ends With Brother’s Release

The Labatt family endured a lengthy abduction drama as John Labatt was freed near Toronto after captors reportedly demanded a ransom. R. G. Ivey announced the release, while police intensified their hunt. Reports tied a $150,000 ransom to banker Angus L. MacDonald, who was said to have paid, but MacDonald denied payment.

Sarnia London Hugh Lebatt Esterday Windsor Detroit John Toronto Axicab Canada Labatt R. G. Ivey Toronto Globe John S. Labatt Angus L. MacDonald Globe Bank of Nova Scotia MacDonald Bank John Labatt

Wool Demand Continues Very Slow in Markets

The Commercial Bulletin notes wool demand remains very slow with scattered small sales at steady or unchanged prices. West markets show limited activity, notably Texas, as transatlantic markets firm slightly. Mohair stays quiet but steady while piece goods remain inactive.

Boston Texas Bradford Brisbane Ohio Pennsylvania Delaine

Wool sales report from Boston on western and Texas wool

Scattered western grown wools closed with 64s and finer at 66 to 68 cents scoured. Small lots of Texas wool moved around 70 cents scoured. Direct Texas wool reported at 63 to 65 cents scoured, delivered east for twelve months, and 55 cents for eight months clips.

Boston US Dept Texas

Market Weekly: Kansas City Livestock and Chicago Grain Quotes

Kansas City market reports show hogs very slow with early gains of 10-15 cents and top around 6.25 while cattle and calves hold steady with varied ranges across weight classes. Chicago grains firm with wheat, corn, oats, rye, barley and lard and bellies futures all quoted, alongside New York Liberty bonds and Home Owners Loan notes closing levels.

Kansas City Livestock Kansas City Texas

Cotton prices drift as markets show mixed signals

In Galveston spot cotton moved steady at 13.20 middling with 200 bales sold while New York futures eased on renewed liquidation linked to textile strike fears. Dec 18.37-39 and Mar 13.53-54, with spot quiet at 13.30 middling.

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Government Faces Shrinking Ploy Amid Economic Strains

The piece notes dwindling plies and implies the government will be forced to proceed despite constraints. It highlights a pressing need for policy action as fiscal pressures mount and planning horizons tighten. The fragment signals an upcoming broader decision on economic strategy.

Also Mentioned on This Page

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