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Newspaper
Roswell Daily Record
Location
Roswell, New Mexico, United States of America
Date
Jan 10, 1936
Page
5
A bustling session on January 10 shows diverse gains and losses across many issues. Major names like AmCan, Chrysler, Ford, General Electric, and Union Carbide moved, with tech, oil, and rail firms active. metals and cotton futures also noted, reflecting mixed sentiment and broad market activity.
Stocks rose in a moderately active session as Washington developments including House action on the bonus and extending the President’s gold powers were received calmly. Industrial shares advanced, several new highs were noted, and cotton, wheat, and foreign exchange moves accompanied a firm close. livestock markets in Kansas City showed varied gains across cattle hogs and sheep with price upticks in several categories.
AP dispatch from Chicago reports poultry prices and weights for hens and roosters, dressed turkeys steady, butter values around 6.399, creamery grades from 34 to 34 1/2 cents, eggs steady with extra firsts at 24 cents, fresh graded firsts 23 1/2, and current receipts 22 to 22 1/2 cents per dozen.
Chicago market report dated January 10 shows hogs 15 to 25 higher than Thursday with top 10.25 and bulk 170 to 220 pounds at 10.10 to 10.25, cattle and calves overall steady to weak with steers 6.50 to 8.00 and beef cows 5.50 to 6.25, sheep market slow but bids steady with lambs 10.25 to 10.50 and higher for top grades. Galveston cotton steady with middling at 11.31. sales 1,000.
Prices stayed very strong with moderate turnover for domestic wools in Boston. Good French combing lines of 64s and finer territory wools in original bags brought 85 to 86 cents scour ed basis, while short French combing wools in original bags moved at 82 to 83 cents. Eight to ten months Texas wools held bids at 77 to 80 cents scoured basis.
Call money remained steady at 34 percent with prime commercial paper at 1 percent. Time loans for 60 days to six months held at 1 percent offered. Bankers acceptances unchanged and the rediscount rate at the New York Reserve Bank stood at 1.5 percent.
Liverpool on January 10 reports 8 000 bales traded including 6 400 American with spot prices eleven points lower. Quotations list American strict good middling 6.72 to low middling 5.67 and low middling 5.67. Futures closed irregular with January 5.81 March 5.80 May 5.74 July 5.67 October 5.42 December 5.39.
The report notes fair wool demand in the past week with steady spot prices and gains for scoured wools. In Boston, the Commercial Bulletin foresees maintained wool values with slight weekly increases, citing AAA policy effects, rising foreign markets, and steady mohair. Roswell hosts a Reading Club gathering at the Dabbs home, with members and guests enjoying a pink floral reception. In District Court, Bernabe Chavez pleads guilty to shoplifting with a 4 to 5 year sentence deferred on leaving the state, and Libado Rodriguez receives 60 days after prior guilty pleas. Grace Mendosa also pleads guilty with deferred sentence.
Judge James B. McGhee arrived back in Roswell last night after a stay in Carlsbad. The judge plans to resume duties and oversee upcoming sessions in the county court.
C J Neis arrived in Roswell late last night from a business trip to Santa Fe and delivered the Jackson Day speech at Estancia.
Barnard Missouri residents voted January 10 to approve a bond issue for a new schoolhouse while in a burst of enthusiasm they torn down the old structure. Principal actions include approval of the financing and immediate demolition of the old building in the town.
A marriage license was issued yesterday afternoon to Aubra Lee Maples of Huntsville Tennessee and Annie Belle Maples of Roswell. They had been previously married.
Forty three births and twenty deaths were reported to the Chav-83 county health office during December.
At the annual stockholders meeting in the Woman's Club, Roswell Production Credit Association reported a 319 percent rise in business from 1934 to 1935 and a profit of 10189.48. Officers elected included C. W. Beeman president and E. O. Moore vice president, with 150 attendees praising the year’s finances and the budget and loan repayment plans.
Chicago, Jan 10 AP Fred Lindstrom veteran outfielder with the Chicago Cubs was unconditionally released today after the other clubs in the National League waived on him.
Charles Cornish of Denver received a suspended six month jail sentence for driving while intoxicated and was named as the defendant in a $6,500 damages suit in Albuquerque.
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