Stock Markets React to Budget Figures on Wall Street
On Jan 7, Wall Street absorbed the President’s record budget of over 8 billion dollars with composure. Stocks edged higher on selective buying while trading slowed after an active first hour. Major gainers included Coca Cola and Bethlehem Steel, with U S Steel and American Rolling Mill among firms at firmer prices. Turnover totaled 1,286,340 shares.
MENTIONED IN THIS ARTICLE
Wall Street
New York
U. S
Coca-Cola
U. S. Steel Pid
A. M. Byes
U. S. Smelting
American Ship Building
Auburn Automobile
Bethlehem Steel Ptd
U. S. Steel Common
American Rolling Mill
American Telephone
Case
Western Union
Foundation Co
Cerro de Pasco
National Cash Register
Loew’s
New York Stocks Close On National Exchange Odd Lot Session
New York stocks ended the day with broad activity as listed prices showed many issues moving. Notable figures include Adams Express at 7 1/8, Air Weapons 1 3/4, Alaska 1 10 1/4, and vast listings across utilities metals and rail shares. Stock averages from Standard Statistics indicate mixed performance with overall activity reflecting the market climate of early January.
Grain and commodity closing prices in Chicago
Chicago grain and livestock prices close with Wheat January 1.00 May 101 3/4 July 94 1/4 September 92 1/2. Corn March 93 1/2 May 91 3/8 July 86 5/8 September 83 3/4. Oats May 54 3/4 7/8 September 48 1/4. Rye May 76 1/8 July 76 1/4 September 75 1/2. Barley May 81 July 74 September. Lard January 12.92 May 13.30 July 13.47. Bellies Seery 16.42 May 16.85.
MENTIONED IN THIS ARTICLE
Seery
Kansas City Livestock Prices Open Week With Higher Ranges
Kansas City market report shows hogs up 10 to 15 cents with good and choice weights 140 to 250 pounds 6.70 to 8.05. Cattle and calves strong to a point on fed steers and yearlings, but lower bidding on lower cows and heifers. Sheep open stiff on slaughter lambs 25 to 30 pounds, yearlings 6.00 to 7.85, ewes 2.75 to 4.00.
MENTIONED IN THIS ARTICLE
Kansas City
Boston Wool Market Shows Quiet Trades and Steady Quotations
Boston wire reports a quiet wool market with prices unchanged from the previous week. Traders monitor foreign markets as early cables from Australia and New Zealand suggest firm to slightly stronger opening prices, while domestic receipts for the week ending Jan 5 total 2,790,200 pounds, down from 2,993,000 the prior week.
MENTIONED IN THIS ARTICLE
Boston
US Dept. Aga
Australia
New Zealand
Boston Grain and Flour Exchange
Liberty bonds close mix as market quotes issued
U S bonds wrap shows Liberty bonds closed with Fourth 4 45 trading around 101.26 and Treasuries at 113.9. Home Owners Loan 4s near 100.30 while Federal Farm Loan 3s sit at 99.21 and 3 1/4s at 101.18. Market notes dated January 7 AP report.
MENTIONED IN THIS ARTICLE
U.S. Bonds
New York
Liberty Bonds
Pourth
Treas
Fed Farm
Fed Farm Mte
Galveston Cotton Market Reports Slight Rise
Galveston on January 7 reports spot cotton steady with a 10 cent rise. Middling grade quotes at 2.85 dollars per unit, with sales near 125 bales noted in the market summary.
MENTIONED IN THIS ARTICLE
Galveston
Spot cotton steadies in New Orleans market and closing gains
New Orleans spot cotton closed steady, up 7 points, with middling at 12.86 cents. The report also lists miscellaneous prices from the New York curb market on several commodity and stock items, including Am Cen B, Am Sup Pow, Ark Nat Gas, Gulf Oil, Newmont, Texan Oil, and Swift & Co, among others.
MENTIONED IN THIS ARTICLE
New Orleans
New “Orleans
New York
Associated ~ Press Alum Co
Amn Cyan
Maracaibo
Sup
Ark Nat Gas
Assoc Gre
Britto. Mig
City Sve
City ‘Soc
Ies Gorp
i-Mex
Fl Bons & Share
Nia Mot. Ltd
Gulf’ Oi Pa
E Oil
Lib McNe&l
Newmont Gee
Nia Hus
Enn Rod
Hattack Denn
Or Penn
Swift & Co
Texan Oil
Unit
Verde
New York Cotton Opens Steady after Light Declines
New York January 7 news reports slight opening declines following easy Liverpool cables, then a quiet steady market. Prices hovered in a narrow range with futures closing steady five to nine points higher. January 12.55, March 12.65, May 12.73, July 12.76, October 12.62, December 12.68. Spot middling at 12.85.
MENTIONED IN THIS ARTICLE
New York
Liverpool
Washington
Supreme Court reverses two NRA cases on interstate oil limits
The high court voids lower court rulings on the President’s power under the Recovery Act to curb interstate oil movement. It holds Congress set boundaries in delegations, and sends the cases back for further action to align with the ruling. Section 9C permits blocking petroleum transport beyond state quotas, with penalties up to $1,000 or six months imprisonment.
MENTIONED IN THIS ARTICLE
Congress
Circuit Court of Appeals
Supreme Court
Nurse Betty Gow Identifies Lindbergh Shirt In Court
Betty Gow the Lindbergh nursemaid identified the baby’s discolored undershirt found on the body and described sewing it from flannel at the Hopewell estate. She testified about the last day, the window shutters, and how the baby was tucked in before the kidnapping.
MENTIONED IN THIS ARTICLE
Flemington
N. J
Betty Gow
Charles Augustus Lindbergh, Jr
Lindbergh
Red
Johnson
Morgan Partners
Bridgeport
Conn
David T. Wilentz
Bruno Richard Hauptmann
Wilentz
Miss Gow
Bessie Mowat Gow
Scotland
Hopewell
Sourland Estate
Lindbéreh
Ollie Whately
Henry Johnson
Mrs. Whately
Alexander
James
Glasgow
Betty
Reilly
Red” Johnson
Henry
North Haven
Maine
Palisade Amusement Park
Hauptmann
Frank Kelly
Lindbergh Kidnapping Trial Moves Into Second Week
Defense calls it a bedtime story but law officials say Hauptmann has been solved. Attorney General Wilentz notes Justice Department IRS and state police involvement since March 1, 1922. Threats to Lindberghs and family disclosed. guards posted at Englewood home. Lindberghs’ son Jon protected as trial continues. Hauptmann rested, then cheerful in cell after weekend recess.
MENTIONED IN THIS ARTICLE
Bruno Richard Hauptmann
Bronx
Carpenter
Hunterdon County
Edward J. Reilly
Jiauptmann
Miss Gow
Reilly
Red
Johnson
Lindberghs
Hopewell
Englewood
Dwight ‘W. Morrow
David T. Wilentz
Department of Justice
Internal Revenue Department
New York
New Jersey
Hauptmann
Lindbergh
Jon
Anthony M. Hauck, Jr
Hunter—don County
Utica
N. Y
Hauptmanni
Dwight Morrow
State Legislature federal plan faces tax lift demand
The report outlines that New Mexico and other states may need to raise funds themselves to cover relief costs, likely through higher sales taxes. Contests for legislative seats emerge with San Miguel and Guadalupe county candidates, while a travelous night leaves nine cars stuck from Vaughn to Santa Fe. Mrs. Soledad Chacon attends as Albuquerque’s lone legislator. Major Braught is ordered to Santa Fe to discuss relief restructuring with Governor Tingley, following a request to rework the state committee.
MENTIONED IN THIS ARTICLE
New Mexico
San Miguel County
Dennis Chavez
Bronson Cutting
A. P. Anaya
Guadalupe County
Vaughn
Santa Fe
Geo. T. Haris
Soledad Chacon
Albuquerque
Senate
Taylor E. Julien
Ted
Lee Atwood
C. de Baca
West
Major FE
O. Braught
Clyde Tingley
Major Braught
Tingley
Ley
Aubrey Williams
Hopks
Washington
State Committee
The
Relief Administration
Colorado
Wyoming
Kansas
Nebraska
Also Mentioned on This Page
New York Stock Exchange
Adam Exp
Alaska
T&t
Aic&dy
Allie C
Kelvina
AmrCan
Newcutt
Amccré&F
KregeGro
AmCmaAle
Lambert
AmCrySePt
t_orillara
Ara Loe
Iff Maek Tr
Midnper
Amrp&l
AmTob B
Amwwk
Nat Csh
Am Woln
NatDairy
Nat P&l
Arm It
Nyc&st
ArmlIlipf
Nh&h
Ate&sf
Atl
Wa Aviat
AubAuto
NorAmer
Avia Cor
Nor Am Pf
Bal Loco
Nor Pac
B&o Rail
Ohio Oj
Bal Loc
C&o Rail
Cmst
P&p
Shell
Sour
Skelly O
Congo Na
Soc Vac
Con Gas
SoCalEad
Conbaka
ContOilDl
So Cal Ed
Corn Pro
Ina
Coty
Stdo NJ
Curt
Wrt
Stearn
Dlack&w
Stone&w
Dia Mat
Studbkr
Doug Air
Tex&Pac
du Pont
Tex Corp
Eastman
Fox
el Agu
Tex Pc&co
Texpltr
Slee P&l
Timken
Erie RR
Trans Am
Foster Wh
Air
Hss
Agsph
Corp
Sig
Raz
Gimbi Bag
Goldust
US Steel
Geoodyer
Wadsco
Hersreyv
Vanadum
Holland
Warn Pix
Homstk
West Mary
Hous Oi
Standard Statistics Co
Rts
Pry. Dy
Chicago Grain
Chicago
Secretary of Interior
74Th Congress
James S. Montgomery
House
Sion
Joe Burns
Tennessee
Lindbergh Baby’s
Louis Bornman
Wolf
Associated Press
Babe
Elsie Whately
Elsie
Col. Lindbergh
Anne
Charles Lindbergh, Jr
Detroit
Hackensack Employment Agency
Mary Beattice
Morrow
Aquitania
Nellie O'Connell
Alair’s
John
Paulette
Louise Duboise
City Island
Hunters Island
Goy
Tingley Wahlington
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