Wall Street Stocks Plunge Amid Worst Yearly Collapse
Stocks sank across major sectors with grains and cotton hit hard as the dollar strengthened abroad. Early recoveries failed, with many issues dropping 2 to over 20 points and notable losses in steel, chemicals, and transportation. A dollar rally followed, while bonds fell and total volume reached 8,122,500 shares.
Stock Averages Report From July Market Figures
New York stocks show mixed activity with indices across industries. The standard statistics indicate notable points for industrials and rail names, reflecting daily fluctuations and comparative prior day values.
Kansas City Livestock Market Report
Kansas City market data shows hog receipts around 4500 with prices 6 to 10 lower than Wednesday's average, top 4.55 for 206-250 lb hogs. Cattle demand steady with 2000 cattle, 500 calves. beef steers and yearlings up to 15 higher, top 6.75 for 793 lb steers and 6.35 for 793 lb heifers, cows at 3.15 to 7.5, vealers 3.00 to 5.50, stocker and feeder steers 4.25 to 5.75. Sheep at 3000 with lambs up 25-35, native lambs at 54.00, lambs 90 lb plus 7.25 to 8.00, yearling wethers 4.25 to 6.00, ewes 1.25 to 2.25.
MENTIONED IN THIS ARTICLE
Kansas City Livestock
Kansas City
U. S. Dept. Agr
Chicago grain futures the July 20 close prices
The Chicago grain round reports July 9 to September and December futures for wheat corn oats rye and barley with July contracts open but barley July listing showing no sales. Lard and bellies futures for September October and December also noted with prices.
MENTIONED IN THIS ARTICLE
Chicago
Wool trading outlook in Boston shows firmer prices
Trading in wool is more active than early in the week but slower than last week. Prices are firm to higher with much business in combing 64s and finer territory wools in original bags at 73 to 78 cents secured per pound. Fleeces show moderate activity near last week's selling prices.
MENTIONED IN THIS ARTICLE
Boston Wool
Boston
Cotton Dives on Heavy Liquidation in New York
New York July cotton declines over a cent a pound as wheat weakness and weak buying power spook traders. December contracts fall from around 11.72 to 19.60 at midday amid broad selling, an $8.00 drop per bale from last Tuesday's high. Rallies on covering emerge but market remains nervy. futures close 72-80 points lower.
MENTIONED IN THIS ARTICLE
New York
New Orleans Cotton Prices Move Slightly
New Orleans spot cotton stayed steady, slipping 70 points today. Sales totaled 432 bales, middling grades quoted at 10.54 per hundredweight.
MENTIONED IN THIS ARTICLE
New Orleans
Galveston Cotton Prices Steady at 10.40 Middling
Spot cotton held steady in Galveston with middling grade at 10.40 cents per pound. Sales totaled 200 bales as of July 20.
MENTIONED IN THIS ARTICLE
Galveston
Learn Popular Music With Modern System Ad
Learn popular music with a modern system for all ages and levels. Norma Bogan offers lessons with moderate terms. Call 1417 R for details.
MENTIONED IN THIS ARTICLE
Norma Bogan
Wall Street Curbs Goods and Stocks Mixed Across Markets
New York curb market report shows mixed moves with gains in Amer G&E Amer Sup Pow and Univ P&L, while Ford Ltd Gulf Oil and Humble Oil post modest declines Other listed issues include Am For P War Assoc G & E and Texan Trans Air with varied quotes as of July 20 AP report
MENTIONED IN THIS ARTICLE
Alum Co
Am Cyan
Amer G&e
Amer Sup
Ark Nat Gas A
Assoc G & E
Agsoc G & E
Brillo Mfg
City Svc
City Soc Pfd
Cons Cop
Cord Min
Cresson
Detroit Air
1B & S
Ford Ltd
Gulf Oil
Heeda Mining
Humble Oil
Libby
Nise Hud
Newmont
Penn Reoad
Seiberline
Shatt Denn
Swift & Co
Texan
Trans Air
tTrnit Gas
Lnit Verde
Univ P&l
Market Sketch Shows Dollar Rally and Stock Declines
The article notes a sharp rise in the dollar against foreign currencies with sterling at 4.671 2, a drop in several continental currencies, and speculation that J P Morgan and Montagu Norman may discuss stabilization. Traders rush to exit a market built on depreciation as stock sales reach 8,120,106 shares, the largest since May 5, 1930, with many leading stocks finishing lower in heavy trading. Cotton declines persist, and a late short covering lifts some prices. Major closes include General Motors at 29, Standard Oil of California 335.12, American Telephone 123.75, U S Steel 57.50, with substantial losses in many equities.
MENTIONED IN THIS ARTICLE
Wall Street
New York
Coton
Eneral
American
U. S
Johns-Manville
Auburn
Union Pacific
Delaware & Hudson
U. S. Steel
General Motore
Allied Chemical
American Telephone
United Aircraft
American Smelting
du Pont
Santa Fe
United Kingdom
J. P. Morgan
London
Ine
Montagu Norman
Bank of England
The
Stock Exchange
General Motors
Standard Brands
Standard Oil of
California
General Electric
Commercial Solvents
Homestake Mining
Western Union
Westinghouse
Crown Carrs & Seal
U. S. Industrial Alcohol
National Distillers Products
Case
Tennessee men back payless session to legalize beer
W C Taylor and Turner Granade of Mobile County Alabama announce support for a payless special session in Alabama to legalize beer. In Phoenix Arizona proponents of prohibition repeal say Arizona will vote affirmatively on repeal by referendum on August 8. Only repeal delegates will appear on the ballot as anti-repealists failed to gather enough signatures to run.
MENTIONED IN THIS ARTICLE
Man
W. C. Taylor
Turner
Phoenix
Ariz
Arizona
States may have to overhaul highway departments
Washington July 20 AP reports several states may need to reorganize highway departments before receiving any part of the 400 million road fund in the 2.2 billion public works program. The warning came from Thomas H. MacDonald, chief of the bureau of public roads.
MENTIONED IN THIS ARTICLE
Washington
Thomas H. MacDonald
The
Bureau of Public Roads
Home Loan Work: Cureton Appraiser in New Mexico Office
R W Cureton named appraiser for the Home Loan branch of the Federal Home Loan administration at Lordsburg New Mexico. Thames Hall W FP Birchfield Jr and J A Bradberry named to advisory committee responsible for road funds. He notes diversions of revenue from intended purposes. Record Want Ads Get Results.
MENTIONED IN THIS ARTICLE
Lordsburg
N. M
R. W. Cureton
Appaiser
Home Loan
Federal Home Loan Administration
Thames
Hall
W. FP. Birchfield, Jr
J. A. Bradberry
Stanton now in Amarillo jail facing trial
Amarillo, Tex. July 26 AP Ed Perch Mouth Stanton, wanted in swisher county for the slaying of Sheriff Moseley, occupies a cell on the eighth floor of Potter county courthouse. He was brought from Carrizozo N M after the slaying of his companion Glenn Hunsucker and Deputy Sheriff Tom Jones. He is also wanted for the killings of a Rhome deputy and a Plainview officer in a New Mexico gun battle last fall. Authorities guarded the transfer with a decoy scout car to prevent escape. Stanton wore a bloodstained shirt from a buckshot shoulder wound and may await trial in August.
MENTIONED IN THIS ARTICLE
Amarillo
Tex
Stanton
New Mexico
Potter County
Swisher County
Carrizozo
N. M
Glenn Hunsucker
Tom Jones
Ramon, N. M
Er County
John C. Moseley
Tulsa
Rhome
Texas
Plainview
Dennis Zimmerman
Tulia
El Paso Firm Officials Visit Roswell on Business
J Fred Ryan and R Whitman of the Momsen Dunning and Ryan Company of El Paso are in Roswell on business.
MENTIONED IN THIS ARTICLE
J. Fred Ryan
R. &. Whitman
The
Momsen, Dunning and Ryan Company
el Paso
Roswell
Government to extend codes to exchanges and set market controls
Secretary Wallace said President Roosevelt instructed restoration of grain exchange reporting rules for long and short accounts beyond set amounts at close of each trading day. He noted Hoover era elimination and urged a maximum daily fluctuation limit on grain prices.
MENTIONED IN THIS ARTICLE
Washington
Wallace
Roosevelt
Hoover Administration
Chicago
Chicago Board of Trade
State Legion Loses 1200 Members in New Mexico
Santa Fe July AP State Adjutant Jim Neely reports New Mexico American Legion membership at over 3,000, down 1,200 from 1932. The Montoya Y Montoya post remains the largest with 300 members, while the Hugh A Carlisle Post in Albuquerque dropped from 830 to 272.
MENTIONED IN THIS ARTICLE
Santa Fe
Jim Neely
The
American Legion
New Mexico
Montoya Y Montoya
Hugh A. Carlisle
Albuquerque
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