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Newspaper
Roswell Daily Record
Location
Roswell, New Mexico, United States of America
Date
Jan 26, 1934
Page
5
New York stocks shown as good to choice across weights with gains. Sheep and lambs firm to slightly higher demand. load choice fed lambs quoted at 8.85, best natives 8.60, medium 8.85. Yearling wethers range 5.00 to 6.75, ewes 3.09 to 4.25.
Hogs 5000 mostly 5-10 higher underweights 10-25 higher top 3.45 packing sows 2.40-2.90 stock pigs 1.50 to 2.25. Cattle 700 calves 200 good short fed yearlings 5.25 steers good and choice 550-909 lbs 5.35 to 7.00 heifers 4.25 to 6.25 cows 3.00-4.50 dealers 4.00 to 7.00 stocker and feeder steers.
Jan 26 figures show industrial averages with 20 Ars and U1's movements. Today values include 9.2 49.6 76.8 87.6, compared with previous day readings of 99.9 50.9 77.8 83.3. The data reflects Standard Statistics Co. publication timing.
Chicago grain prices end the session with wheat and oats steady to higher in May and September contracts while corn and rye show modest gains. Lard and bellies futures move narrowly, with January lard around 5.35 and bellies near 6.50 to 7.07 in key months.
The article notes limited calls for medium fleeces and finer quality territory wools in Boston. Strictly combing 48s 50s and 1-4 blood Ohio fleeces sold at 41-42 cents, with semi-bright fleeces of similar grade fetching about 70-72 cents on a scoured basis.
Wall Street mixed action with notable gains in select leaders yet overall instability. Grain futures firm, bonds steady, and currency strength shown despite Fed gold purchases. cotton eased late with spot steadiness at 11.55 cents.
New Orleans spot cotton remained steady as prices fell 11 points to middling 10.98 with 273 bales sold. The market closed with little variation, reflecting steady demand and stable price levels for today’s session.
Las Cruces New Mexico January 26 AP R F Walter a Denver engineer will survey the feasibility of developing electric power at Elephant Butte on Caballo dam. The U S Bureau of Reclamation El Paso district and Elephant Butte irrigation district will share the $1 250 000 study cost for engineering features and potential markets. If favorable the international boundary commission may revise the Caballo storage dam design to allow hydro electric development.
The bill by former Senator Bratton of New Mexico to settle a claim by Kerber Realty Co. of Albuquerque against the Veterans Administration won congressional approval. Officials say a power plant can be installed at Elephant Butte dam without changes, generating most horsepower at Butte with Caballo dam as a supplementary unit. Elwood Mead, reclamation bureau commissioner, reportedly approved the survey.
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