Stock Markets Mixed With Utilities Help Gains
On Jan 11 the stock market showed a strong utility led undertone smoothing rough spots. Rail shares rose modestly while metals and some industrials fell. grains eased and cotton rose. Major movers included Consolidated Gas and Public Service of New Jersey with fractional gains, Santa Fe and U S Central higher, while American Smelting fell. Public attention cited rates for sinking funds and bond debt. dollar strength persisted in foreign exchange. American Telephone and Johns Manville slipped about a point.
MENTIONED IN THIS ARTICLE
New York
Sap
Wasserseys
Stensee
U. S
Consolidated Gas
Public Service of New Jersey
United Corporation
American Waterworks
North American
United Gas Improvement
Columbia Gas
American
U.S
Santa Fe
N. Y. Central
Union Pacific
Pennsylvania
American Telephone
Case
Liggett & Myers
Johns-Manville
Nash Motors
Chrysler
General Motors
New York Stocks Stock Averages Report
New York stocks figures list the 50 industrials at 91.8, rail averages at 44.2, oils at 71.7, and 30.9 for a composite overall index. Previous day readings show 92.2, 43.6, 638.5, and 80.5 respectively.
New York Stock Market Figures Jan 11 AP Briefing
New York stock prices and bond quotes for several corporations and utilities list closing figures. Notable entries include Amoco Am, Ford, Gulf Oil, Newmont, Penn Road, and Liberty bonds with specific bid and ask ranges and closing values.
MENTIONED IN THIS ARTICLE
New York
Alamno Am
el B & S
Ford Ltd
Gulf Oil
Hécla Mining
Newmont
Ning Hud Pow
Penn Road
Seiberling
Shatt
U. S. Bonds
Jan
Liberty Bonds
Treas
Kansas City Livestock Prices Mildly Mixed on Jan Report
AP dispatch from Kansas City lists cattle and calf prices with top yearling steers at 6.65 and steers 550 to 900 pounds from 4.56 to 6.25. Sheep sold mostly 15 lower with fed lambs at 7.85. Hog and sow ranges noted, pigs 70 to 130 pounds 1.50 to 2.25, sows 3.00 to 3.30.
MENTIONED IN THIS ARTICLE
Kansas City
Chicago Grain market closes with mixed wheat corn oats
Chicago grain prices show May wheat at 5 1 2 for May and July 83 3 4, corn steadier with May 52 3 8, oats around May 37 1 2, rye May 59 4 2, barley May 52 3 4, lard January 5.00 May 5.20 July 5.67, bellies May no sales at 6.27.
Cotton futures steady as liquidation meets buying
New York January 11 AP reports cotton advanced 12 to 18 points to peak levels since last August amid liquidation and realized losses. Offerings absorbed on 8 to 10 point reactions, market steadies on continued trade buying and futures close 4 to 8 higher, spot steady at middling 11.10.
MENTIONED IN THIS ARTICLE
New York
New Orleans Cotton Prices Steady On Jan Report
New Orleans spot cotton opened steady with 3S up as sales reached 1,377 bales. Middling grade priced at 10.84 cents per pound.
MENTIONED IN THIS ARTICLE
New Orleans
Galveston Cotton Prices Reported for Jan 11
AP wire reports Spot 5 up with middling at S080 and sales reaching 850 bales in Galveston. The brief notes a stronger market tone for cotton with active demand and steady competition among buyers.
MENTIONED IN THIS ARTICLE
Galveston
Boston Wool Prices Show Varied Demand Across Grades
In Boston on January 11, greasy combing domestic wools remained active at 58s to 1-2 blood and finer lines, with French combing calling at 64s and finer territory wools at 81 to 83 cents scoured. Medium quality greasy wools stayed largely steady, while spot combing foreign wools drew fair demand with noticeable gains over prior sales yet well below current foreign market replacements.
MENTIONED IN THIS ARTICLE
Boston
US Dept Agr
Navy Planes Headed for Honolulu From San Francisco
Six navy bombers bound for Honolulu continued a blind night flight 1,550 nautical miles from San Francisco at 2:32 a.m. PST. Acknowledging overcast skies, Lieut. Com. Knefler McGinnis said the planed were flying at 92 mph with Wright the air craft tender in sight about 600 miles away. One plane briefly separated by fog later rejoined. The Sandpiper minesweeper passed 300 miles at sea as officials in Honolulu expected the full 24 hours to complete the dash unless winds aid their speed.
MENTIONED IN THIS ARTICLE
Honolulu
San Francisco
Twelfth
Naval District
Knefler McGinnis
Navy
McGinnis
Wright
John Perry
Sandpiper
Navy Guard
Guardian Bank losses tied to Ford exposure in Detroit group
HWdsel Ford told the Senate banking committee that Ford Motor Company had 32.5 million dollars on deposit when the Guardian Bank group banks failed during the Michigan bank holiday. The testimony linked huge losses in Detroit banks to Ford's deposits and the wider bank collapse.
MENTIONED IN THIS ARTICLE
Washington
Guardian Bank Group of
Detroit
Hwdsel Ford
Senate Banking Committee
Ford Motor Company
Michigan
Nazi revolt in Austria quelled amid deadly clashes
Vienna reports more than 500 Nazi court martial candidates jailed as protests against Chancellor Dollfuss grow. Two young Nazis were killed when Heimwehr forces fired on a crowd raiding a Klagenfurt newspaper office. Fascist Heimwehr insists they will not be used to prop up an outdated regime. A second dispatch says rumors rise of the Austrian Legion crossing from Germany into Austria near Kufstein.
MENTIONED IN THIS ARTICLE
Vienna
Engelbert Dolluss
Heimwehr
Home Guard
Adolf Hitler
Klagenfurt
London
Reuters
Germany
Austria
Kufstein
Cattlemen Hear Debate On Tariffs and Packers Reform
President Collins criticized ambassadors promoting lower tariffs and urged reforms to meat packers regulation while backing retail activity and lower yardage fees. F E Mollin praised gains in freight rates and imports restrictions, as New Mexico leaders urged unity and trust in federal recovery efforts.
MENTIONED IN THIS ARTICLE
South America
Idustry
F. E. Mollin
Denver
Association
Federal
Surplus Relief Corporation
Farm Credit Administration
State of
New Mexico
A. W. Hockephull
Opposition to President in Congress
Washington dispatch notes imminent clashes as Congress faces multiple fights over Roosevelt program. House expected to use gag rule to press budget and economy act extension while Senate prepares to debate St Lawrence waterway pact and war debt measures. Opposition surfaces on Russian recognition, farm bonds, veterans' treatment, and communications oversight as party lines form.
MENTIONED IN THIS ARTICLE
House
Senate
Roosevelt
St. Lawrence
William C. Pullitt
Commission
Plan fight in interest of processing tax at ANLA
About 60 to 70 cattlemen from West Texas joined Panhandle associations at a mass meeting in Albuquerque to back a processing tax at the American National Livestock Association convention. Dolph Briscoe of Uvalde led the pledge. delegates expect no formal recommendation, only a vote on the tax.
MENTIONED IN THIS ARTICLE
Albuqueque
N. M
West Texas
Panhandle
American National Livestock Association
Dolph Briscoe
Uvalde
Texas
Texas Association
American National
Briscoe
Association Committee of Five
Charles E. Collins
Ten Years Ago Today Social events noted in local column
Mrs Dillard H Wyatt hosted a bridge luncheon honoring Mrs Clarence Keller of Berkeley California at the Villard home. Other guests included Langford Keith Arthur L Farnsworth Rolla Hinkle H P Saunders Thomas J Pearson Hugh Morrow and several hostesses. Activities included a PBE Chapter B meeting led by Mrs H V Fall and a Jacobson supper party hosted by Major Harry Castles for Dr and Mrs D H Galloway and others. The Five Hundred Club gathering was hosted by Mr and Mrs Warren H Stine with notable attendees. The Berrendo Womans Club met at Mrs J A Emersons, assisted by her daughter Mrs W E Lambeth. Mr and Mrs George M Slaughter bought Dr R L Bradley's home at 602 North Pennsylvania Avenue.
MENTIONED IN THIS ARTICLE
Dillard H. Wyatt
Clarence Keller
Perkeley
California
Mmes. Langford Keith
Arthur L Farnsworth
Rolla R. Hinkle
H. P. Saunders
Thomas J. Pearson
Hugh Morrow
R. L. Villard
W. S. Murrell
Villard
P. Be. O
H. V
Mmes
Roy Daniel
D. H. Wyatt
Jaffa Miller
J. B. Herbst
Berrendo Womans Club
J. A. Emerson
W. E. Lambeth
George M. Slaughter
R. L. Bradley
North
Pennsylvania Avenue
Government to spend on Roosevelt budget estimates for 1934
Treasury figures show January receipts and outlays as of today. Total 1934 government outlays are 11,000,000,000 with 3,006,128,527 expended so far. Public works administration under 400,000,000 of 1,677,190,800. RFC spent 786,433,000 against 2,969,740,000. Public debt stands at 23,809,336,000 with projected June 30 debt at 29,847,000,000.
MENTIONED IN THIS ARTICLE
Roosevelt
The
Treasury
Public Works Administration
RFC
State Highway Commission Meets For Further Economies
Santa Fe officials report the State Highway Commission held an especially called session to consider further cost reductions and budget economies amid ongoing transportation funding concerns. The meeting aimed to identify savings while preserving essential road projects and maintenance programs.
MENTIONED IN THIS ARTICLE
Santa Fe
State Highway Commission
Cattle and Sheep Talk Turns To Taxes and Partnerships
A farmer defends cattle profits amid market prices and government scrutiny. He suggests partnerships with packers to lift cow prices, while noting hog and bacon price moves. The letter ends with a quirky welcome to readers and a note about executions in the estate.
MENTIONED IN THIS ARTICLE
New Mexico
Conservancy Board Reelected In Six Year Terms
Dr Crile and Mr Funk are certain to be reelected to six year terms on the Conservancy Board with five members total. Districts one and four vote in separate locations, Crile and Funk representing those districts. Other members are Mullis in District 2 Monical in District 3 and Frisch in District 5. Voting runs 8 a m to 6 p m with eligibility limited to property owners in the electing district and cross district electors choosing one district to vote in.
MENTIONED IN THIS ARTICLE
Dr. Crile
Mr Funk
Funk
John H. Mullis
George Frisch
Crite
Conservancy
Chaves County
E. C Jackson
Lake Arthur
Artesia City
Sanchez y Baca pledges deputies to highway panel
Santa Fe January 12 AP Felipe Sanchez y Baca state highway commissioner said when named U S Marshal he will appoint each highway commission member as a deputy so they can serve the state as commissioners for nothing or perhaps a dollar a year. The commissioners quick response at a special meeting was to demand they be first deputy.
MENTIONED IN THIS ARTICLE
U. S
Santa Fe
Felipe Sanchez Y Baca
U. S. Marshal
Highway Commission
Sanchez
Morgenthau Order Opens Gates to American Whisky Imports
The Morgenthau plan, aligned with the treasury and agriculture departments, lifted import restrictions on American type whiskies for 30 days. The move aims to boost government revenue and break up the legal blended stock. Two blends are described, one aged whisky with alcohol and the other aged whisky with new green whisky.
MENTIONED IN THIS ARTICLE
Federal Alcohol Control Administration
Treasury and Agricultural Department
Control Administration
Morgenthau
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