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Newspaper
Roswell Daily Record
Location
Roswell, New Mexico, United States of America
Date
Mar 21, 1933
Page
5
Stocks closed near session lows with losses around 1 point as transfers, rails, and large industrials gave back gains. Traders watched bank and mortgage fears, rail legislation, and Roosevelt debt talks while foreign exchange showed a dollar strength and European currencies softened.
Following in the close on the New York stock exchange today Allegny to Am Can Amerata and many others show mixed gains and losses. The list names numerous corporations including Coca Cola Bethlehem Steel United States Steel and General Electric with varied share figures reflecting a volatile session.
New York cotton markets fell amid liquidation and southern selling, with grain and stock action adding pressure. By midafternoon prices dropped sharply, closing barely steady as March and May contracts slid to about 6.14 to 6.19 and later months eased further. spot middling held around 6.25.
Kansas City market notes show cattle 4000 head with calves and feeders steady to weak, bulk cattle 4.00 to 5.00, yearling steers 6.25, heifers around 5.25, cows 2.25 to 3.60, veal and calves little changed. Hog market steady to strong, top 3.80 with 186-210 lb pigs 2.75 to 3.75, sows 3.00 to 3.25. Sheep and lambs slow but steady, light lambs 5.50 to 5.75, bulk 5.25 to 5.50. Sireeffer 8000, cattle and hogs opening sales mostly steady.
AP notes a slower wool market than last week with steady prices. Sales focus on 58s 60s and finer territory lines. Colorado wool bids reach 43 on correct basis while best territories hold to 45. Original merino 64s and finer territory wools quote 41-44% clean basis for bulk combing lines and 43-44 for bulk seed.
Chicago grain bids show mixed futures with oats and barley trading around early March values. Corn and soybeans show slight shifts while market quotes reflect limited activity. In New York, cotton closes steady with slight declines, Galveston reports steady prices with middling around 5.80.
New Orleans March 21 AP report notes a quiet wart ads scene with 27 points and 468 sales. Middling figures at 6.18 record wart ads. Get results by reading The Record for wart updates.
Washington says the National Conference of organizations backing the Eighteenth Amendment released a letter to President Roosevelt arguing the bill to permit beer would violate the constitution. The letter, signed by F Scott McBride and other prohibition leaders, claims the bill aims to raise revenue not enforce prohibition. Rep Sabath planned to introduce a pardons measure for those jailed for beer selling or manufacturing, with several similar bills already filed.
In Santa Fe on March 21 AP reports that passage of a federal beer bill does not guarantee local access in New Mexico. Voters Sept. 19 will decide whether to retain Article XXIII barring alcohol or repeal it, affecting a potential local option under the Lane bill if the constitution is amended.
A Democratic committee said 11th New Mexico legislature enacted 36 of 44 governor recommendations. Achievements include budget cuts and state finance reforms, with major items like uniform salaries and a state motor patrol. Unmet items cover property surveys, redistricting, primary elections, and broader finance powers.
Paris reports tentative acceptance of the Mussolini peace plan by Daladier and Boncour to MacDonald and Simon at the British Embassy. France seeks clarification on treaty revisions and equality for Poland and the Little Entente, insisting affected powers be consulted.
Cloudy conditions and mild warmth across the region with unsettled north portions of New Mexico bringing rain or snow tonight and Wednesday morning. West Texas remains partly cloudy with warmer spells, cooler in extreme west. temperatures listed for major cities include Amarillo 54 to 28 and El Paso 60 to 40 among others.
Washington March 21 AP Senator Sam G Bratton of New Mexico proposes a bill to prohibit use of Veterans Administration records by anyone except under court order He argues records must stay confidential to protect veterans and cites the Eskildson murder case where a veteran juror was deemed 80 percent mentally disabled Defense lawyers sought new trial citing VA records but the court did not allow the testimony The New Mexico legislature prompted federal inquiry into VA record use and forwarded a resolution to Senator Bratton for action
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