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Newspaper
Roswell Daily Record
Location
Roswell, New Mexico, United States of America
Date
Jun 27, 1933
Page
5
Markets showed limited progress with few sectors advancing. Total volume reached 5,667,265 shares as profits were taken and several major issues moved only modestly. Commodities swung with wheat up several cents while cotton hovered, and foreign exchange saw the dollar slip amid broader European stabilization chatter.
AP report notes varied gains and losses across listed stocks in New York and curb markets. Major movers include Alum Co of Am at 88 1/2 and Ford Ltd at 47 1/2 while Gulf Oil holds at 60 and Humble Oil at 85. Several minor issues show fractional changes, reflecting a divergent market.
Kansas City cattle totals 3500 head with calves 800. Beef steers and yearlings sell firm to higher with certain lots quoted around 6.39 to 6.70 per cwt for young cattle. Hogs 6000 head, closing steady to 10 cents higher, top 4.35 for 190-250 lb hogs. Sheep 7000, lambs 10 to 25 cents lower, top natives 7.15, several sales 7.00 to 7.10. Wethers and yearlings largely steady.
The report lists Chicago grain futures for oats corn and other staples with July September and December quotes. Included are prices for wheat oats corn rye and barley along with related futures and settlement figures.
New York on June 27 reports cotton slipping from early highs but regaining ground in late trading as wheat rises and the dollar weakens. By 2 PM prices showed modest gains then later sold off. futures closed barely steady with July 10.25 and later contracts around 10.56 to 11.07 for nearby months.
Quotations remain strong on eastern grown fleece wools in Boston with several houses seeing more inquiries than late last week. Fine Ohio delaine holds at 29-30 in the grease while strictly combing 56s 385 blood Ohio and similar wools are quoted 34 in grease and some sales at that level. some houses report limited supply at 33.
New Orleans spot cotton closed steady with no change as transactions totaled 3,303 bales. Middling price stood at 19.29 cents per pound with AP reporting the day’s activity from New Orleans on June 27.
In Galveston on June 27, spot cotton held steady at middling 16.20 cents with sales totaling 2,094 bales as the market closed. The report notes unchanged prices and steady demand for the day.
The stock averages report shows today values for indices and components: New York lists 1933 figures with Ind's 50, R's 20, Ut's 99, Tot 191.1. comparisons include prev day 90.4, 46.3, 106.3, 86.3. Aighs 1933 noted.
A detailed account reveals how small businesses united to curb price cutting by large oil firms. Led by Barney Majewski of Deep Rock Oil, they pushed through rule 34 at a meeting chaired by C. E. Arnott of Socony Vacuum, enforcing wholesale price fixing to restore profitable operations.
Zell Eaton of Oklahoma City posted a 36 hole total of 137 three under par to lead medal honors at the 1933 Midwest Classic on the Broadmoor course in Colorado Springs. Stewart and others chased with totals around 107 and 110 through 27 holes, while Warren and Little also featured prominently as late rounds adjusted scores.
Washington reports Democratic leaders claim the recent special session advanced pledges into fact and moved toward a balanced budget. Senator Robinson praised the administration for an incomparable record while Burns warned some highway and naval programs will be paid by taxpayers, yet restore employment and revenue.
Chicago ounce of market volatility shows wheat surging over 6 cents from yesterday with May and December futures posting new tops. Prices fluctuated as drought fears, showers, and profit taking shaped declines and late-day strength, with December closing near 64 1 8 to 64 1 2 cents and May around 1 05 3 4 dollars.
Senator Cutting discussed independent veteran compensation review boards to evaluate presumptive service connected cases. He noted two five member panels with three citizens and two veterans bureau members, and promised a list by July 2. In Albuquerque, federal prohibition officers in New Mexico face about a 40 percent cut under Washington reorganizations.
Pedro Holguin, charged with the murder of seven members of the Melquiades Espinosa family at Ber ing, New Mexico, was bound over to district court without bond after a preliminary hearing. Espinosa, sole survivor and husband of the slain family, testified Holguin was one of three assailants.
Two unmasked robbers held up the First State Bank of Mountainair New Mexico yesterday and escaped with 3000 dollars. The trail led to an old abandoned mine shaft two miles from Carthage where a grey Ford sedan was found down about 20 feet. Sheriff Meadows and deputies traced tire tracks from Mountainair and believed the robbers fled in a Chevrolet coupe after leaving the first car. The bank employes were forced to lie on the floor as the bandits looted the vault and warned not to use tear gas.
Secretary Perkins hosts a hearing with industrialists and labor leaders including William Green and John L. Lewis as part of the administration’s effort to align trade policies. Alfred P. Sloan Jr and Gerard Swope sit among advisers supporting a law aimed at recovery without injustice.
Norman H. Davis sails from Boston aboard the destroyer Bernadou to reach President Roosevelt in Amberjacill Harbor Rogue Island Maine. Davis will report on Geneva disarmament talks as head of the American delegation while Marvin H. McIntyre and James Roosevelt accompany him. Roosevelt studies Washington wireless reports after a late breakfast.
Albuquerque July 3 conference to discuss coyote poisoning. State officials and growers plan talks on curbing predatory animals with representatives from the biological survey and game departments. Barker urges trapping over poison to save hunting dogs and wildlife.
The discussion centers on whether to join to sustain currency levels or form an Anglo American monetary alliance. England hesitates to return to the gold standard while France and others may move off gold, risking currency depreciation against the pound. American observers see the bloc approach as unlikely to hold with devaluation looming, and bankers plan coordinated action against currency speculators.
The Roswell Tennis Club schedules a seven o’clock gathering at the Chamber of Commerce. All members are urged to attend.
The States Corporation Commission issued a formal notice approving a two cent per mile passenger rate for the Santa Fe and Southern Pacific Railroads in New Mexico.
A charity dance for the Roswell Ball Club will be held at the D A W on North Main tomorrow night. Gus Lemp’s orchestra will play. Admission is 90 cents plus tax with ten cent dances available.
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