Stocks Rally Fades As Market Struggles After Cotton Drop
New York traders turned cautious as markets failed to gain footing after Saturday's cotton crash. Numerous issues edged down a point or more, while bonds remained weak and government securities held firm. Declines lagged late, with 1,046,280 shares moving.
MENTIONED IN THIS ARTICLE
Wall Street
New York
U. S
American Sugar
United Fruit
Union Pacific
Air Reduction
Dupont
Johns Manville
U. S. Industrial Alcohol
Westinghouse Electric
Western Union
Jr.s
Steen American Can
General Motors
Pennsylvania
WN. Y. Central
Roosevelt
Congress
Kansas City Livestock Prices Report March 12
Kansas City market notes show hogs at 2,000 head with tops to 9.50 for choice pigs and sows at 7.75 to 9.00 per pound. Cattle and calves include 3,500 head with steers 550 to 1,500 pounds at 8.75 to 3.50, heifers 850 to 11.50, cows 6.50 to 7.73, vealers 600 to 900 pounds, and stockers 6.25 to 10.00. Sheep 6,000 head with lambs to 8.40, ewes 4.25 to 5.50. quotations based on ewes and wethers.
MENTIONED IN THIS ARTICLE
Kansas City
Ap-Us
Aetio
New York curb market summary of assorted securities
A brisk AP compiled glimpse lists diverse securities with mixed quotes. Entries include Amn Cyan B, Amn G & E, Amn Maracaibo, Ford Met Ltd, Gulf Oil Pa, Newmont Min, Nia Hud Pow, Pepti Road, and more with fractional prices and occasional odd lots.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Amn Cyan
Amn
Maracaibo
Assoc G & E
City
City Sve
E Bonds & Share
Cord’ Corp
Ford Met Ltd
Gulf Oil
Hamble, Oi
Lib McN & Cis
Newmont Min
Nia Hud
Pepti Road
Xaft & Co
I ¢Xon Oil
Boston Wool Market Opens Slower Yet Steady Prices
Trade on the Boston wool market started a touch slower than recent weeks though firms reported healthy business since Monday. Most activity centered on 64s and finer territory wools in original bags, with prices steady. Twelve months Texas wool sold at 5 cents scoured, while French combing and average combing wools moved around 63-65 cents and 65-67 cents for strictly combing grades.
MENTIONED IN THIS ARTICLE
Boston
AP US Dept
Texas
Territory
New Orleans Cotton Prices Slip in Quiet Market
New Orleans spot cotton eased ten points on quiet trading after sales of 140 bales. Middling-grade cotton closed at 11.18 cents per pound, with market activity subdued as buyers and sellers awaited guidance amid the March 12 report.
MENTIONED IN THIS ARTICLE
New Orleans
New? Orleans
Market quotes and price changes for grains and livestock
Chicago market notes list closing prices for THEAT Corn Oats Rye and Barley for May July and September contracts. Prices shown include May and July figures for Lard Bees and Ellies with May values and July values where provided.
Cotton Market Steady After Nervous Decline Amid Volatile Day
New York March 12 AP reports cotton prices fluctuated after a sharp drop yesterday. May contracts rose to 11.23 in morning trading, then fell to 10.70 before tapering and finishing with uneven but largely steady prices. Futures closed mixed to steady, with March at 11.00, May 11.05, July 11.09, December 10.73, and January 10.85 amid a quiet spot market at middling 11.25. U.S. bonds and notes listed with various yields and issue dates including Fourth 4 1/4s and Fed Farm Mtgs.
MENTIONED IN THIS ARTICLE
New York
Boy Scouts at Kiwanis Club Meeting
The Roswell Kiwanis club heard Boy Scout talks by Harold DeShurley on aims for boys and scouts and by Johnny McClure on benefits for boys and scouts. DeShurley urged a Y M C A in Roswell and more community service. Dick Davis announced vocational questionnaires at Roswell High and a Thursday 10 10 assembly with Rev LeRoy Thompson.
MENTIONED IN THIS ARTICLE
Boy. Scout Committee
Kiwanis
Harold DeShurley
Johnny McClure
Kiwanis Club
Roswell
Dick Davis
LeRoy Thompson
Roswell High School
Kiwanis Vocational Guidance Committee
Capitol Faces Lift as Historic Exterior Repaired
Santa Fe March 12 AP The state capitol underwent a facelift with one side of the iron fence torn down and the governor’s office redecorated. The interior walls shed dark green for a light cream tone as beautification proceeds.
MENTIONED IN THIS ARTICLE
Santa Fe
Roosevelt Defends Utility Holding Reform Against Fears
In a White House note dated March 12, 1935, Franklin D. Roosevelt argues that proposed utility holding company legislation will not harm legitimate business or reduce asset value. He urges safeguards to protect investors, critique of private power via holding companies, and calls for dismantling private socialism in finance while avoiding government overreach. He states that effective regulation is unlikely against concentrated wealth and favors returning local control to operating utilities.
MENTIONED IN THIS ARTICLE
Securities Exchanges
Securities and Exchange Commission
Inc
Tiig
Easie
Franklin D. Roosevelt
White House
Coughlin Attacks Johnson and Wall Street Power
Father Charles Coughlin denounces General Johnson and Baruch as symbols of Wall Street control. He declares loyalty to Roosevelt, defends his own radio league investments, and praises American citizenship while attacking the New Deal’s critics as "cry babies" and "rats." The speech frames Johnson as a political casualty and cautions against detouring from Roosevelt.
MENTIONED IN THIS ARTICLE
Baruch
Prince
Wall Street
United States
Johnson
Coughlin
Ates
Ireland
Lackawanna
New York
Father Coughlin
General
Wall
National Union For Social Justice
Roosevelt
Radio League
Ruin
America
Zinn Hearing Delayed In Tax Case Against Zinn
The Zinn hearing on charges of misapplied funds and abuse of office, filed May 15, 1934, centers on $1,000 and two $500 payments from Williams in 1932. The nine-member bar commission sits to judge, with seven eligible and two disqualified. deposition delays and postponed dates push the hearing to March 14 with numerous witnesses expected.
MENTIONED IN THIS ARTICLE
Zinn
Williams
First National Bank of Gallup
Federal Bond and Mortgage Company
Carbon City Investment Company
J. W. Hannett
A. T. Hannett
E. M. Wiley
McKinley County
State Supreme Court
Wright
Supreme Court
Bar Commission
Fletcher, Catron
Santa Fe
James Hall
Clovis
W. G. Hayden
Las Vegas
H. A. Kiker
Raton
Charles Gilbert
Roswell
Ed Mechem
Las Cruces
Alvan N. White
Silver City
C. M. Botts
Albuquerque
Charles Oon Fowler
Socorro
Fowler
Kiker
Hayden
Marcelino Ortiz Buried in Las Vegas After Final Rites
Final rites for Marcelino Ortiz, 67, Santa Fe resident and noted Republican, were held in Las Vegas with services at Salomon Ortiz’s home and a Requiem High Mass at the Church of Our Lady of Sorrows. Burial followed in St. Joseph's Cemetery. many friends from Santa Fe and beyond attended.
MENTIONED IN THIS ARTICLE
Marcelino Ortiz
Las Vegas
N. M
Santa Fe
Salomon Ortiz
Church of Our Lady of Sorrows
St. Joseph’s Cemetery
Posses Hunted for Boys Lost in Cold Blizzard
Central City Colorado reports two youths, Thomas Wilcox Jr. and Samuel Roberts Jr., aged 12 and 13, disappeared after leaving a Russel Gulch restaurant during a weekend blizzard. Posses formed to search the area as authorities fear they perished while journeying home from a country adventure where Colorado’s gold discovery began.
MENTIONED IN THIS ARTICLE
Central City
Colo
Denver
Colorado
Thomas P. Wilcox, Jr
Samuel Roberts, Jr
Oscar Williams
Russel Gulch
Here
Young Roberts
William Roberts
Apex
Cutting Asks More Time To File Contest Answer
Washington March 12 AP Attorneys for Bronson Cutting Republican independent of New Mexico asked the Senate elections and privileges committee to grant extra time to file an answer to contest proceedings brought by former Representative Dennis Chavez Democrat. Senator George chairman indicated he would likely extend at least two weeks. Huston Thompson, Cutting's chief counsel, led the request noting needed information from New Mexico was not yet available.
MENTIONED IN THIS ARTICLE
Washington
Bronson Cutting
New Mexico
Senate Elections and Privileges Committee
Cutting
Dennis Chavez
George
D-Ga
Huston Thompson
Insull Is Found Not Guilty In Embezzlement Case
Chicago reports Samuel Insull cleared of charges that he embezzled 66000 from Middle West Utilities. After quick deliberation, the jury acquitted the aged financier, with Insull expressing gratitude to the jurors.
MENTIONED IN THIS ARTICLE
Insull
Chicago
Samuel Insull
Cornelius J. Harrington
Midas” of Finance
Ex marksman champ Roswell dies in Dallas burial
James Walter Smith aged 74 once ruled trap shooting and left his earthly possessions to his friend E. J. House, a Roswell police officer. He died yesterday in Dallas after residing in Roswell for two years. His trophy collection and an engraved diamond medal attached to a watch chain went to House. Dr. Smith ran a Dallas office and belonged to the Chaves County Medical Society.
MENTIONED IN THIS ARTICLE
E. J.,house
Roswell, N
Smith
House
St. Louis
Trial on Mrs Lamson death in San Jose
In San Jose on March 1, testimony in the second Lamson murder trial explored whether Mrs Allene Lamson died from a bathtub fall or other causes. Prosecution presented blood evidence from the redroom as investigators described clots and frame marks found near the scene.
MENTIONED IN THIS ARTICLE
San Jose
Calif
Allene Thorpe Lamson
Frank Hapgrenee
A. Lamson
Sta University Press
Also Mentioned on This Page
New York Stock Exchange
Sil
T&t
Alaska J
Allesny
al C&é
Kelvina
U/s
Allie C
Kencott
AmrCan
AmCr&¥ F
AmCmAl
LigMyr
McLellan
AmRol
AmSmelt
AmStiFd
AmSePf
Murray C
Nat Bis
Nash
Nat Ceh
Nat Dist
Nat P&l
Nor Amr
Nor Am Pf
Nor Pac
Ohio Oil
B&o Rail
Owlll
Pac G&e
Beatric
Packard
Bendix A
Park U
An Cap
Reires m Wet
Beth Alum
Penn RR
Borden
Phelps D
BuradMa
Phil Pet
Byers
Amp Wy
Pullman
C&oraiil
RemRand
Stley Cmat
P&p
Cmet
Chi Ri&p
Chrysler
Coaco i Colgate Col G&e
Cominutr
Stjlead
Schulte
Sperry Crp
StaBrds
Coty
Sto G&e
O Cal
Dlac&w
OilInd
Tilia Mat
Stdo NJ
Youg Air
SteWrn
Stone&w
Tex& Pactman
el Auti
TexCorp
Elec P&l
Tex Gul
Texpc&o
Erie -R
Smit
US Steel
Supf
Soe Wadsco
Warn
West Mary
West UN
West Air
Wet E&m
Woolwrt
Kansas City Livestock
Chicago Grain
U.S. Bonds
Fed Farm
State Capitol
FR. Coughlin
Ray Be
Middle West Utilities Company
Versionepeth
Turkey
Dallas
James Walter Smith
Tapshooters
Palo Alto
Hapgood
Pontiac
Fisher
Pontiac Motor Company
Michigan
Stevak
Fonsi
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