New York Stocks End Mixed on Jan 16 Trading Session
Wall Street closes with a broad list of prices led by AmCan and General Electric. Investors digest industrials and utilities as AmWool and US Steel trade amid volume noted across major issues.
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Newspaper
Roswell Daily Record
Location
Roswell, New Mexico, United States of America
Date
Jan 16, 1936
Page
5
Wall Street closes with a broad list of prices led by AmCan and General Electric. Investors digest industrials and utilities as AmWool and US Steel trade amid volume noted across major issues.
Closing prices show mixed moves across major equities with gains in Amn Cyan B and War, while Am Fen P War and several oil firms such as Humble Oil and Texan Oil slip or hold. Other listed issues include Am Sup Pow and Pennroad with modest changes amid market activity.
AP dispatch from Boston reports firm prices across domestic wools with 56s and 3/8 broad territory types at 75 to 80 cents on secured basis. Clothing grades 64s and finer territory wools saw higher bids to 80 to 83 cents scoured, grease prices estimated around 85 to 88 cents, with limited offerings on the low end.
A brief Money New York column notes a call about meat markets and pricing. AP item hints at financial observations tied to consumer goods and market movements without detailed figures.
Department of the Interior notices Gaither B Parsons of Roswell New Mexico has filed intent to prove up three year homestead claim for lands in Township 4 S Range 22 E NM P Meridian before U S Commissioner Dan C Savage at Roswell on February 18 1936 with witnesses Henry Gresham Lon Z Schellnutt Richard F Talley and R Leslie Chilton. Also Willie Clary of Breckenridge Texas has filed intent to prove up three year homestead claim for Section 24 Township 5 S Range 18 E NM P Meridian before U S Commissioner at Roswell on February 18 1936 with witnesses Winfield McInnis Everett B Davis Albert Stockley Chester Stockley. Ady
New York stocks closed mixed as utilities copper steels and several specialties showed strength while oils ceded leadership. American Telephone rose to a new high for 1935 36 and the bond market rallied. Transfers totaled 3 100 400 shares with notable advances by Bethlehem Consolidated Gas American Telephone Newport Industries Greyhound Deere Inspiration Copper Calumet & Hecla Anaconda U S Pipe International Telephone Western Union and declines by Pure Oil Houston Standard Oil of N J General Motors Case and Union Pacific.
Barracks Briefs describes troop rivalries over Hamburger, Tice, Brugge man and Reese, with light social notes on letters, editors, and Detroit plans as well as a gown parade promise. The Gallup murder trial of George Mosby is listed to open Monday with 23 cases on the docket and possible additions.
Chicago livestock prices show hogs down to 10 cents under Wednesday with heavy volume and mixed cattle demand. Sheep buyers steady, feeding lambs scarce. Wall Street reports Coal Association notes weekly bituminous output at 8.95 million tons versus 8.21 prior, steel scrap markets steady, DuPont composite index at 120.82 for week ending Jan 13.
Chicago grain closes with May wheat at 1.00 and 4-3/8, July at 88 54-7/8, and other futures quoted. Corn and oats mixed with rye, barley, and lard futures listed for several months.
A sales meeting for Texas Company and Firestone dealers of southern New Mexico was held at the Nickson Hotel this afternoon. L M Green of Dallas led the session assisted by Firestone officials R L Dickerson and H L Waggoner, both from Akron. Numerous local and regional representatives attended from Roswell, Carlsbad, Alamogordo, Albuquerque and Ft. Sumner.
Funeral services for Mrs Eth el Beeman were held at three o'clock this afternoon at the Ballard Chapel with Rev. C. C. McGuffin officiating. The pall bearers were M. W. Long, W. W. Long, J. D. Vaughn and J. B. Clouder. Burial was made at South Park.
Chicago market summary lists live poultry supplies including 2 car shipments and 20 trucks with prices steady or down. Hens range around 5 to 7 pounds for various breeds. dressed turkeys steady with unchanged quotes. Eggs and butter show unsettled prices with current receipts and refrigerator standards noted.
J. B Murray said the audit of the automobile license bureau will take another week at least to complete. The update indicates ongoing review and expected timeline without confirming final conclusions.
Liverpool cotton market listing monday shows 8,000 bales offered including 5,500 American with steady spot demand and unchanged quotations. Fading futures closed quiet with January around 5.92 and December at 5.52, alongside staple grades from strict good middling to good ordinary.
Galveston on January 16 reports spot cotton steady at 8 points lower. Middling price listed near 11.53 with 628 bales sold in the session.
Imported bar silver fell to 48.34 cents per fine ounce as Handy and Herman, silver brokers, reduced the quota price by one cent. The move follows a London market drop of 3/16 of a penny to 19.75 pence per standard ounce, marking the first decrease since December 24.
Spot cotton closed steady seven points down in New Orleans trading as of January 16. Total sales reached 614 bales with middling grade priced at 11.71 per unit.
Closing bond prices list U S Treasury 4 45 47 52 at 115.14. Fed Farm Mortgage 3s at 49 101.14. Fed Farm Mortgage 314s at 64 unquoted. Home Owners Loan 3s at 52 101.0.
The newspaper reports a new high in readers, noting the Quality Circulation metric reaching its largest level to date. Officials credit enhanced distribution, advertising partnerships, and wider market coverage for the surge. Community reaction highlights increased visibility and sustained readership growth.
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