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Newspaper
Roswell Daily Record
Location
Roswell, New Mexico, United States of America
Date
Aug 20, 1935
Page
4
The New York Stock Exchange closed with broad shifts as among the many listed issues Liberty and utility shares led gains while industrials and rail stocks showed mixed results. Notable movers included AT&T, Chrysler, General Electric, and US Steel amid a broad market tilt.
The market retreated on heavy selling led by utilities with many large blocks trading at sharp declines. American Telephone toppled leaders after a 4 point drop, while several blue chips like Union Pacific Santa Fe Western Union and U S Steel slid. Gains were seen in Douglas and United Aircrafts as others held near steady. Cotton weakened as traders awaited crop loan plans and grains stayed steadier.
Dr T E Boggs, graduate optometrist, operates at 309 N Main in Roswell New Mexico. Contact details include phone number listed as 21.
A mixed local classified list shows rentals and trades at 502 E College 401 N Kentucky and 900 N Richardson, a trade request for a pump via O B Boggs, a borrow offer of 200 dollars for 3 to 6 months, a job ad for a sandwich shop, plus mattress cleaning and upholstery services. Includes stock market notes from New York curb. Also sale offers for a small cafe opposite Greenhaven Camp and a large retail car lot with produce deals.
The AP dispatch from Boston notes fair demand for Ohio wools and similar strictly combing 56s and 3/8 blood at 32 cents and for 48s 50s and 1/2 blood at 30 to 31 cents in grease. Ohio delaine sold 31-32 cents and fine clothing 24-25 cents. Limited supply of Ohio and similar 58s 60s at about 31 cents grease.
AP dispatch from Kansas City reports hogs at 2000 head with top 11.60 for 190-250 lb hogs, other weights 11.45-11.60, sows 9.75-10.35, and smooth kinds to 10.50. Cattle ledger shows 8500 head with fed steers around 11.85 for 1100 lb, 11.75 for 1210 lb, grassers 5.75-8.00, grass fat cows 4.25-5.25, most grass heifers 7.00 down, vealers 8.50. Sheep around 4000 head with native lambs 8.90, most 8.75-8.90.
Chicago grain report lists wheat futures for September at 87 7/8, December 89 54, May 91 3/8. Corn at September 74 1/2, December 55 34, Ts, September 26 1/2, December 27 7/8, May 30 1/2. Wheat and corn options for nearby dates, with prices for oats and barley given for the period.
New Orleans spot cotton finished steady with a 10 point drop. Sales totaled 1,091 bales as mid quotient middling values stood around 11.55 cents per pound. The market showed subdued activity amid the AP report from New Orleans on August 20.
Uncertain crop loan outlook caused nervous, uneven cotton trading in New York. Dec rebounded to 11.14 after an 11.10 drop. late trade quiet and barely steady. Spot middling 11.70. Galveston spot steady at 11.50 with 100 sales. Bonds: Treas 4%4s, Fed Farm Mtg issues, Home Owners 3s quoted with respective prices.
The Senate moves toward action on the Guffey coal control bill. A lobby committee again calls Howard C. Hopson, utilities man. Conferees seek agreement on a 250 million dollar tax bill, utilities measures, and Tennessee Valley Authority amendments. The House considers miscellaneous legislation at noon, completed rail pension and 1935 banking bills, passed a three year farm moratorium, passed Guffey coal and railroad pensions bills, and adopted the conference report on omnibus banking and rivers and harbors bills.
Congress swifted through a new pension plan for railroad workers sending it to the White House for possible approval after a Supreme Court voided the earlier scheme. The plan would tax payrolls and salaries to fund pensions based on service and pay up to 120 dollars, with retirement at 65 or after 30 years.
The New Mexico Cattle Growers Association executive board will meet in Las Cruces on September 28. Topics include Taylor act amendments, AAA amendments, bus truck legislation, and cooperation with permitees on the national forest.
In the Probate Court of Chaves County New Mexico the estate of Frank Grier deceased. On August 3 1935 administrator R H Crosby was appointed by Judge C C Hill. Claimants must file with the County Clerk within one year or be barred.
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