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Newspaper
Roswell Daily Record
Location
Roswell, New Mexico, United States of America
Date
Jun 26, 1933
Page
5
New York June 26 AP stocks moved higher with several leading issues hitting year highs. Gains ranged up to seven points as late profit taking tempered advances. Volume reached 4,548,549 shares as farm equities and alcohol stocks led the day. cotton and wheat prices surged amid bullish signals.
A volatile session left large cap and industrial names showing varied moves while several rails and utilities posted modest gains. Traders watched energy and material shares edge higher, with mixed signals from financials and consumer goods amid cautious sentiment.
Boston wool prices edged higher with fine territorial wools trading, receipts for the week ending June noted. Kansas City cattle and hog markets showed steady to lower trends, with calves and steers weaker, hogs slow and buyers softer, lambs and sheep mixed with pressure on midweights. Cattle and hog activity remained uneven, while vealers held near steady amid lighter demand.
Chicago grain closes with Wheat figures for July September December and May bids across grades. Rye July September December, Barley July September December, and Lard July September, with Bellies listed for July and September.
Key curb stocks including Amer Cyanamid, Ford Ltd, Gulf Oil and Humble Oil show varied moves as market totals reflect broad conditions. The report lists closing figures and daily changes for major issues such as Am Cyan B, Ark Nat Gas A, Seiberling, Texan, and Swift & Co, with overall stock averages and performance notes for the period.
Galveston on June 26 AP reports spot cotton steady at 85 cents per pound for middling with sales around 300 bales. The market shows little change with limited demand and steady tone.
Cotton futures jumped over 3 points with gains across October and other contracts as favorable government policy outlook and drought concerns bolster demand. Wheat strength and Wall Street activity supported the rally. July and October future prices climbed, with spot middling around 10.45.
A metropolitan columnist urges including fun in a couple s marriage plan. Doris Blake notes marriage advisers neglect entertainment and warns against extreme budgeting for amusement. The piece argues play lightens duty and strengthens companionship, advocating regular shared leisure for brides and grooms.
Dr Charles A Eaton a New Jersey congressman and former clergyman had a twenty pound dynamite device discovered in the ignition area of his automobile in his Watchung home garage. State police sent the bomb to Du Pont powder for analysis, experts deeming it highly deadly. Eaton reported no remembered threats or incidents.
A four member advance detail plus two cooks and a nurse head to the Sacramento Mountains to ready the Boy Scout camp for the annual summer session starting Wednesday. Roswell leaders say enrollment may reach about 90 with 75 boys from Roswell Clovis Gallup and Mesad areas joining about 20 to 25 local boys. Camp runs one week with meals prepared by a trained staff. cost per Scout drops to five dollars.
The Associated Press notes campaigning in California and West Virginia as voters prepare to decide repeal of the Prohibition Amendment. Dry and wet factions anticipate outcomes affecting July amendments in Alabama and Arkansas. Indiana delegates also express formal preference at a convention, with 246 pledged for repeal and 82 against.
Seismographs at Berkeley and Reno logged afternoon shocks with epicenters near Reno and within five miles of Fallon Nevada. Minor damage reported in Fallon Tahoe City and San Francisco felt little effect. In Las Cruces Elis Mayfield wins $15000 damages in auto crash case against Mrs. Crowdus after his wife’s death.
The state of New Mexico intervened in a receivership action against Albuquerque Natural Gas Co in district court. Taxes claimed total 48442.22, with estimates near 50030 including interest and penalties. Attorney General Neumann says moratoriums could limit costs, and intervention makes the state a first creditor. A move to transfer to federal court followed the intervention, with the state seeking preferred creditor status. Albuquerque also saw a tax strike by United Taxpayers and Workingmen’s Association demanding 8000 members be given first project employment.
Assistant Attorney General Frank Patton said he would file a reply in a few days in the lawsuit challenging the eight hour labor law. He plans to argue that other states regulate hours in specific cases, with safety or health as issues, while New Mexico’s statute was enjoined for arbitrarily targeting one business sector. The defense recognizes the legal difficulty in upholding the law.
Secretary of War George H Dern defended the Illinois waterway at a Chicago dedicatory ceremony on Michigan avenue bridge. He framed the lakes to gulf link as Roosevelt’s manifest destiny for the Mississippi valley and Great Lakes basin, promising regional economic balance and parity with seaboard states by improving inland trade via the Chicago gateway. The route aims to reduce the Alleghenies Rockies population handicap and compete with Panama canal shipping.
Baltimore June 26 AP Senator William E Borah of Idaho underwent a prostate operation at Johns Hopkins Hospital. Dr Hugh H Young performed the procedure and Borah was reported in perfect condition afterward. He will remain in hospital for several weeks. Albuquerque Erwin Johnson 11 was critically wounded when a rifle discharged accidentally by his brother John near his home yesterday.
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