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Newspaper
Roswell Daily Record
Location
Roswell, New Mexico, United States of America
Date
Jan 17, 1936
Page
5
The New York Stock Exchange ended with a broad rally and losses across several sectors as investors positioned ahead of earnings. Major names including American Can, Colgate, General Electric, IBM, and Westinghouse showed varied gains and declines amid mixed trading.
Closing prices list various issues with gains and declines. Amn Cyan B, Am Dist Te, Gulf Oil Pa, Humble Oil, Texan Oil, and other securities show fractional movements. some notes include odd lots or special notations. Market activity reflects a broad mix of industrials, energy, and utilities responding to steady but uneven demand.
Chicago wholesale grain reported firmer prices with May wheat at 100 1/2 to 5/8, July 88 5/8 to 34, and September 87 1/4. Corn May 60 3/8 to 1/2, July 60 5/8, September 60 5/8. Oats May 28 to 28 1/8, July 27 1/2, September 26 3. Rye May 54 3/4, July 54 1/2, September 54 1/2. Barley May 43 1/2. Lard futures: January 10.75, March 10.87, May 11.00, July 10.90.
Traders sent a modest turnover day with oils weak and metals soft after New York and London price moves. Du Pont rose about three points while Westinghouse Deere Dowson United Aircraft Boeing and International Nickel gained modestly. Several metals and oils slipped while transfers totaled 2,338,900 shares with overall market tone steady near day’s end.
New York cotton futures held steady with March through December contracts rising 6 to 16 points on better prospects from new agricultural policy measures. Front-month January closed at 11.72, March 11.39, July 10.73, October 10.24, and December 10.19. The market remained firm as liquidity and supply expectations influenced late trading.
Liverpool reports a quiet spot market with prices two points lower. American cotton grades listed, including 3,800 bales. Quotations show American strict good middling 6.78 and other grades down from 6.48 to 5.04. Futures closed steady with Jan 5.93, March 5.91, May 5.85, July 5.17, Oct 5.57, Dec 5.04.
New Orleans spot cotton finished steady with an 11 point rise as buyers snapped up 1,655 bales. Prices showed mid fair to middling at 11.82 cents, reflecting modest demand in the market.
Spot cotton in Galveston on January 17 held steady at 12 cents a pound with middling grade reported at 11.65 and total sales reaching 736 bales as the AP dispatch notes.
At Kansas City on January 17, hogs totaled 2500 with steady to 5 higher prices, top at 9.65. 150-300 lb steers and other cattle were mostly steady with some short fed loads around 7.25 to 8.75 and best yearlings near 894 pounds. Cattle, calves, and vealers showed varied movement. cutters 3.50-4.50, sausage bulls up to 6.00. sheep receipts 3500, native lambs 10.25 top, most 10.00-25, fed yearlings 8.75.
Hogs 14,000 head, slow to steady with early gains fading. Sows 10-15 higher. Cattle 1,500 with calves 500, steady to weak across killing classes. Beef cows 5.00-6.00, bulls weak. Vealers 8.00-10.00, some at 11.00. Sheep 8,000 open slow, lambs 10.25-10.50, best 10.65+. Slaughter ewes 4.75-5.50.
The report notes money values holding firm with a steady rate of thirty four percent throughout the day, indicating stable market conditions and no significant fluctuations exhibited during trading hours.
The silver market shows a slight drop as the TM price weakens with a 3 cent decline, trading near 534 amid cautious demand and steady supply conditions.
Boston reports stronger wool demand with higher prices for inferior line wools and clearer tops and yarns. Foreign markets show strength. fine and machine prices listed for domestic scoured, pulled, and cape wools. Turkish and other foreign price notes missing clarity.
Boston reports most grades of territory wools received some call with the bulk of the sale on 645 and finer. French combing staples 64s and finer in original bags brought 85 86 cents secured basis, while similar grade on original lots sold around 87 cents. Short French combing moved 83 85 cents secured basis. Lower grades were small in volume but price levels remained firm.
Chicago market notes live poultry prices with hens leghorn and white rock varieties, turkeys, ducks and geese quoted by weight. Dressed turkey prices steady as butter and egg prices show slight activity. overall readings show unchanged trends for the day.
Treasury 444s 47-52 at 115.15. Federal Farm Mortgage 3s 49 at 101.20. Farm Mortgage 3s 64 at 103. Home Owners Loan 3s 52 at 101.13.
An 8 year old Carlo Atencio died after a gasoline lamp exploded while refilling it at a Cuba New Mexico restaurant. Ignacio Martinez the restaurant operator and J J Salazar the property owner were seriously burned as the flames destroyed a large business structure causing about 5000 dollars in damage.
Albuquerque news notes Grady Mayfield son of Mr and Mrs L G Mayfield formerly Las Cruces residents was notified by Senator Carl Hatch of his appointment to the United States Naval Academy He will take entrance examinations on April 15 in Albuquerque Quality Circulation Gets Results.
Albuquerque Jan 17 AP Approximately 20 new voting districts will be created in Bernalillo county for the general election, party leaders estimate. Under the election law enacted last session districts may be divided. the addition will raise county election expenses by about $3,000.
Representative John J. Dempsey of Santa Fe New Mexico today said there was no encouragement for creating an irrigation district in the Conchas dam area. He called on Ickes and Alvin Murcy of Lucumeari to urge funding and availability of federal money to establish the project.
Celia Paiz administrators the estate of Andres Paiz filed a $25,000 damage suit in U S district court alleging locomotive engineer negligence at Raton. The action names Santa Fe Railroad as defendant following the fatal incident involving Andres Paiz.
On January 17, about twenty Santa Fe girls joined a larger group en route to Capitan for a three month session at the unemployed girls camp. The camp now hosts about 115 girls aged 16 to 23.
New York January 17 AP The American Association of Colleges voted against a study of the college athletic situation by a decisive margin in a meeting held today. The decision shifts focus to other academic concerns and leaves athletics without an official singled out review.
Cheyenne Wyoming January 17 AP United Air Lines officials said pilots would search for the plane carrying Department of Commerce flier Howard Stark who departed Rock Springs yesterday for Salt Lake City and has not been heard from since.
Paris reports the Stavisky fraud case closed with nine convictions from twenty defendants. Acquittals were won by Arlette Simon Stavisky and ten others. Extenuating circumstances noted for most convicted, except Gustave Tissier. Other convicted individuals included Joseph Garat, Raoul Desbrosses, Paul Guevin, Henri Hayotte, Georges Hatot, Gen. Joseph Bardi De Fourtou, and Gaston Bonnaure. MONDAY FINAL DAY GET AUTO PLATES Santa Fe also notes final day for 1936 license plates with extended office hours.
Detectives investigated the Morgan residence in Cardiff after unknown persons entered the home on the eve of Colonel Charles A. Lindbergh’s arrival. Several items were stolen, including a sporting gun, cartridges, and garden tools, as Morgan’s grounds were broken into.
Fort Scott Kansas January 17 AP state authorities stepped in to ease Bourbon county relief tensions after reports that locals sought national guard intervention. Kansas National Guard Gen Mitton R McLean hurried from Topeka to pursue a peaceful solution. More than 200 demonstrators were driven from the courthouse with tear gas last night as striking relief workers vowed to persist for higher relief wages despite authorities deciding no guard deployment was needed for now.
London January seventeenth. Delegations from the United States Britain France and Italy began drafting an exchange of fleet building information to curb an arms race after Japan withdrew from the naval conference. American and British delegates were immediately surveying Pacific strategic positions to decide on independent fortifications for possessions there. Delegates say the accord will not be very extensive but feel Japan is in a corner.
In Ossining New York Albert H Fish 66 was executed in Sing Sing prison for the murder and dismemberment of Grace Budd nine years earlier. He died alongside John Smith 41 who killed James Wilson in the Bronx during a July quarrel. Paris clash injures two police and arrests ten students amid a University of Paris strike over Dr Gaston Jeze Ethiopians case in Geneva.
A full page ad by Huey P Longs six bodyguards rejects charges they killed the senator. They call Rep Cleve Dear remarks a palpable fake and say one guard is now in an asylum while Dear linked him to the assassination.
The American Liberty League said 4000 people were refused entry to its January 25 Liberty League dinner here, as 2000 seats were filled weeks early and applications average 700 daily. Speakers include Alfred E. Smith, Charles L. Dawson, and Neil Carothers. Portales bids for rabbit shipping center status after 14000 tails shipped in a month. prices range 50 cents to $1 per dozen.
New Mexico fair tonight and Saturday with colder northwest and much colder east and south portions. Colorado unsettled with snow flurries north central and colder conditions. Saturday partly cloudy. Arizona fair tonight and Saturday, slightly colder tonight in the south. West Texas partly cloudy and colder with a cold wave in the north. temps 14 to 18 in the north, 20 to 26 in east-central, 26 to 30 in the southeast tonight. Saturday partly cloudy and colder in the southeast. Livestock warnings posted in the north and east portions.
S R Pope reports a sneak thief entered his room at 406 North Richardson last night. The intruder took three one dollar bills a 25 dollar check and 45 cents in change from pockets of Pope's trousers left by a chair. Pope did not hear the theft but found his room door open in the morning.
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