Market mixed as stocks rise slowly amid convention worry
Wall Street showed slight gains with transfers at 222 600 shares as steel issues led early recovery before slipping. Traders eyed the Democratic convention results and feared European axis threats to England while U S Steel Youngstown Sheet Chrysler and GM and other major names moved in and out of buyers and sellers. Bonds and commodities were irregular as cattle hogs and other markets opened mixed in Kansas City reports.
MENTIONED IN THIS ARTICLE
Wall Street
New York
England
U. ‘ Steel
Youngstown Sheet
Chrysler
General Motors
N. Y. Central
Great Northern
Montgomery Ward
United Aircraft
Glenn Martin
Delanese
Anaconda
Kennecott
American Can
Air Reduction
Douglas Aircraft
Boeing
Johns- Manville
Union Carbide
North American
Standard Oil
N. J
U.S. Rubber
Ultimatum Wilvasion War News From Haifa and Dover
British and Italian combat reports outline raids in the Holy Land and North Sea as German and Italian authorities threaten escalation. Churchill cites 2.5 million Britons on alert while Fascist editor Gayda predicts an imminent ultimatum and dire consequences for Britain.
Chicago Produce Prices For Poultry and Poultry Meats
Chicago market report lists live poultry prices for July 15 with 35 trucks. Hens steady and various weights and breeds shown for chickens ducks geese and turkeys including Leghorn Plymouth Rock White Rock broilers and roots with prices ranging from 4 1/2 to 18 dollars per unit.
MENTIONED IN THIS ARTICLE
Chicago
Plymouth Rock
White Rock
Wool futures hold steady amid scattered liquidation
New York July 15 report shows wool top futures unchanged to two points lower as distant positions thin out. Oct and Dec futures trade around 88.0, 86.0, and 85.1 cents per pound with spot standard tops at 97.0 unchanged. trades attributed to spot houses and local accounts.
MENTIONED IN THIS ARTICLE
New York
Jly
Galveston Cotton Spot Price Steady at 10.07
Spot cotton in Galveston on July 15 held steady with 10.07 as mid-dling price. No sales were reported.
MENTIONED IN THIS ARTICLE
Galveston
New Orleans Spot Cotton Closes Quiet at 10.70 N
New Orleans July 15 spot cotton closed quiet with no change. Sales reached 48 bales as middling grades held at 10.70N.
MENTIONED IN THIS ARTICLE
New Orleans
New Mexico Banks Lead 1939 Loan Activity
New Mexico commercial banks reported 34,501 new loans totaling 17,399,423 and 22,854 renewals in 1939, with 20 banks representing 48 percent of state banks. Open lines of credit stood at 520,305 with 314,428 used. average loan 504 dollars, mortgage average 2,138 dollars. Nationally, 6,333 banks issued 24,998,000 credit extensions totaling 39,810,810,000 dollars.
MENTIONED IN THIS ARTICLE
New York
Adams
Alaska
Juneau
Ener
Allegheny
AleChem & Dye
Allis Ch Mig
Am Can
Alco
Tel & Tel
Atch
T& SF
Eweweee
Atl Refining Eos
Aviation Corp Barnsdall Oil
Bendix Aviat
Beth Steel
Boeing Airplane
Borg Warner
Briggs Mfg
Calif Packing
Cerro de Pas
Chrysler Corp
Colum G
Weweee
Edison Ok Ae Eee
Ee Ae
Douglas Aircraft du Pont de
Eastman Kodak
Firestone T & R
Gen Foods
Gen Mills
Gen Motors
Goodrich
Goodyear T & A
Holly Sugar Homestake
Houston Oil
Howe Sound
Indust Bayon
Inspirat
Interlake Iron
Harvester
Neers
Nick Can
Johns Manville
Kennecott Cop
Kroger Grocery
F Glass
Libby McN & L
Lockheed Aire
Lorillard Pog
Miami Copper Ees
Montgom Ward Eee
Nat Biscuit
Nat Cash
Nat Distillers
Nat Lead
Nat Pow & Stone
Am Aviation
North Ameria
Northern Pac Regates
Ohio Oil
Owens Ill Glass
Pac Gas & Elec
Park Utah Con MS
Penney JC A
Penn R R
Phelps Dodge Sere
Ewe Seer
Phillips Pet
Pub Soc N J
Cal Edison Se
Aeae
Sperry Corp
Stone & Web
Studebaker Corp
Swift & Co
United Air Lines
United Aircraft
United Corpon
United Drug of
United Gas Imp
U S Pipe & Fdy
U S Rubber
U S Steel
Ss &4
We Ee
Vanadium Corp
Warner Bros Picture
West Union Telesse Eevee Ee
Westingh Air Breeeenusees
West el & Mfg Co
Woolworth (Fw
Worthington P & M
Yellow Tr & Coach
Youngst Sh & T
New Mexico
American Bankers Association
County and City Hearings Reported By Officials
Officials led by Paul Harris and D E Rodriguez held hearings with Manuel R. Baca and Mr. Pounds among attendees from the Santa Fe railroad state oil and gas association and state health department. They met with county and city officials.
MENTIONED IN THIS ARTICLE
Paul Harris
D. E. Rodriguez
Manuel R. Baca
State Taxpayers’ Association
Mr. Pounds
Santa Fe Railroad
Hugh Sawyers
State Oil and Gas Association
Douthitt
State Health Department
Dempsey Campaign Opens Albuquerque Headquarters
William J. Barker, campaign manager for Rep. J. J. Dempsey, announced a new branch in Albuquerque with Charles Brunacini in charge. Brunacini had resigned as state employment director for the works projects administration and has been in Albuquerque. The headquarters will be across from the Hilton Hotel as Barker weighed when Dempsey would reveal 1940 political plans, whether to seek renomination or challenge U S Senator Dennis Chavez in the Democratic primary.
MENTIONED IN THIS ARTICLE
Santa FE
N. M
William J. Barker
J. J. Dempsey
Albuquerque
Charles Brunacini
Brunacini
Works Projects Administration
Dempsey
Hilton Hotel
Barker
Dennis Chavez
President Cardenas to tour irrigation projects in north Mexico
Mexico City July 15 sources in the president’s office said he would leave soon on a trip through north central Mexico to inspect irrigation projects and other public works. The itinerary includes San Luis Potosi Aguascalientes Michoacan and Tamaulipas states.
MENTIONED IN THIS ARTICLE
Mexico City
Cardenas
Mexico
San Luis Potosi
Aguascee Michoacan
Tamauipas
British Aid to China Weighs on Burma Road Tactics
Washington has sent detailed comment on British China negotiations. Experts say Britain could best aid China by defeating Germany, freeing it to press in the Far East. The Situation notes German victory over France impresses Japan and increases Far East pressure on Britain. Japan unofficially seeks a quick Chinese war end and cites Burma Road shipments as a hurdle. Britain proposes a three month Burma Road closure but reserves freedom of action if the settlement fails.
MENTIONED IN THIS ARTICLE
Britain
China
Germany
Far East
Japan
Burma
New Jap Move Tightens Coasts Shipping Ban
A Japanese navy proclamation bans shipping along sections of the Chinese coast south of Shanghai citing military necessity. British authorities promise to protect their ships and hold Japan responsible for any losses. In Tokyo Tokyo’s foreign office reports progress in talks with Britain over Burma road access to China.
MENTIONED IN THIS ARTICLE
Shanghai
Tokyo
Robert Leslie Craigie
Hachiro Arita
Japan
Britain
Burma
China
Roswell Weather Forecast Sees Thunderstorms Tonight
Thunderstorms are expected this evening and tonight with additional activity Tuesday afternoon and evening. Cooler conditions forecast for Tuesday. Sunday’s high reached 95 degrees and the low was 69 with only a trace of precipitation.
MENTIONED IN THIS ARTICLE
Roswell
Grassland Meeting At Salt Lake City
Professor P. E. Neale will discuss Nutrition in Relation to Pasture and Range at a Western Grassland Conference in Salt Lake City in mid July. He will base his talk on Bankhead Jones project 1 studies, with focus on revegetation of Southwestern ranges and mineral and feed supplements for range grasses. Forest and range specialists, botanists and agronomists will attend the Newhouse Hotel conference sponsored by the extension station experiment station and the U S Forest Service.
MENTIONED IN THIS ARTICLE
State Colege
N. M
P. E. Neale
Salt Lake City
Newhouse Hotel
Extension Station
Experiment Station
U. S. Forest Service
Also Mentioned on This Page
Kansas City Livestock
Kansas City
USDA
Kansas
U. S. Bonds
Treasury
Federal Farm
CURB
Alum Co
Ark Nat Gas Pf
Carrier Corp
el Bond & Sh
Fairchild Av
Humble Oil
Ning
Seiberling
Texan Oil & L
Boston
Holy Land
Haifa
Palestine
Africa
Moyale
Kenya
Mediterranean
Buna
East Africa
Faversham
English Channel
High Command
Churchill
Hitler
Straits of Dover
Channel
Netherlands
Rome
Virginio Gayda
Italy
Great Britain
Gayda
Il Giornale di
Europe
Empire
United States
New York Wool
N. M. Banks
Cpacvacess
Arn Si
Washington
Britco
Ala
Plaid
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