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Newspaper
Roswell Daily Record
Location
Roswell, New Mexico, United States of America
Date
Jul 29, 1935
Page
4
New York July 29 AP Traders shifted through a long list of issues on the ticker, with gains and declines scattered across various industries led by utilities, steel, autos, and radios. Major names such as General Electric, American Can, Chrysler, United States Steel, and Westinghouse showed activity as the market absorbed late morning swings and updated earnings expectations.
Optimism ruled most markets as trade and industry pushed ahead. Stocks gained with several issues hitting new year highs, led by Pacific Lighting American Can and Union Pacific about two points higher. Electric Boat reached a 1935 peak amid rumors of foreign orders. Studebaker also set a new top.
Galveston July 29 spot cotton remained steady at 10 points below middling with middling at 11.85 per unit and sales totaling 75 bales as reported by AP.
COOKING APPLES 40c to 75c per box at Capalpa Orchard Farm six miles southeast of Roswell by R L Malone Sr selling farm produce and equipment details include small motor driven pump available at Water Plant contact Robinson for purchase and directions.
Wheat futures show July at 92, September 92, December 93 1/2, and May 95 1/8. Corn declines with July 83, September 77, December 64 1/4, May 66 3/8. Oats steady at July 36 7/8, September 33 3/8, December 35, May 37 1/4. Rye ranges July 46 3/4, September 47, December 49 7/8, May 52 1/2. Barley steady July 45, September 45, December 46. Lard higher with July 15.22, September 14.87, October 14.37, December 13.35. Bellies July 18 4/5, September 18.25.
U S Dept of Agriculture sales from Kansas City show hogs 1500 head with top 10.60 for 190-250 lb hogs and varied prices for 10.30-10.60 range. Cattle numbers near 9500 with yearlings at 12.00 and best feeders around 7.50 to 8.00. Sheep 4000 with lambs weak to 15 cents lower, native lambs about 8.00 to 8.35.
Domestic wools of six grades except fine were slow while demand remained steady for 64s and finer wools. French combing wools sold at 70 to 72 cents per pound cleaned, with most sales on shorter stable wools at 68 to 70 cents for average to good French combing, 66 to 68 for average combing, and 62 to 65 for short wools.
Roswell route east seeks sale or trade of forty acres with filling station groceries and cab insurance. Contact W. H. Waldrop for details on J2913c.
New York and New Orleans market notes indicate a quiet session with light offerings and traders awaiting crop loan policy details for 1935. Futures closed steady with modest declines from 11.50 to 11.23 for near months, while spot in New York middling settles around 12.05 and New Orleans spot down 10 points to 11.95 with 79 sales.
Inspector Hays of the federal relief surplus commodities division visits Albuquerque with Gordon Herkenhoff of the WPA to determine disposition of 8,000 hides and 220000 sheep pelts from relief cattle slaughter. Hides may be used only for harness, shoe soling and coats for relief clients. tanning feasibility and costs under review amid spoilage concerns.
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