Stocks end mixed after brief labor settlement rally
New York March 26 AP The stock market opened with slight gains but profit taking reversed most of the early 1 to 2 point advances. The close was irregular with turnover at 1,296,339 shares. Chrysler up a cent while General Motors Nash and Auburn were little changed. Homestake Mining rose 26 points on light volume. Wright Aeronautical and Douglas Aircraft declined.
MENTIONED IN THIS ARTICLE
New York
Chrysler
General Motors
Nash
Auburn
Santa Fe
N. Y. Central
Baltimore & Ohio
Pennsylvania
U. S
Cerro de Pasco
U. S. Steel
American Telephone
Montgomery Ward
Case
Goodyear
Consolidated Gas
American
Wright Aeronautical
Douglas Aircraft
Homestake
McLellan and McCrory
Stock Averages Report For March 26 1924 Markets
The daily stock averages list figures for 50 leading stocks and 29 others with a precision focus on current and prior day values. Today’s round shows 95.7 and 49.4 as key indices with standard readings of 76.4 and 85.1 in the main groups. Pro day values 95.6 49.4 76.5 85.0 are noted as contemporaneous benchmarks.
Commodity and futures price roundup from AP report
The AP notes closing prices for wheat corn oats rye barley and fats with May July and September contracts. Notable figures include wheat May 86 7 8 cents, corn May 50 3 4, oats May 33 1 2, rye May 59 1 2, lard May 6.42 and July 52 F data from Chicago Board markets.
Kansas City Livestock Markets Report
Kansans City March 26 AP US Dept Agr Hog sales 4500 mostly steady top 4.10 on 180 250 lb packs. Cattle 12000 calves 2000 steady to 25 lower steers good and choice 550 1500 lbs 4.85 7.15 heifers 4.60 6.10 cows 3.50 4.00 milk fed vealers 4.00 6.50. Sheep 8000 opening bids 25 60 lower spring lambs 9.75 10.00 lambs good and choice 90 lambs down 8.25 7.5 yearling wethers 5.00 7.50 ewes 4.25 5.0 Quotations based on ewes and wethers.
MENTIONED IN THIS ARTICLE
Kansans City
Kansas City
Mar
Quiet Boston Wool Market Amid Pressure for Lower Prices
Boston traders reported very quiet wool trading with no definite price trend. Large holders resisted price cuts as receipts at Boston during the week ending March 24 totaled 465,909 pounds, up from 198,900 the previous week, per the Boston grain and flour exchange.
MENTIONED IN THIS ARTICLE
Boston
US Dept Agr
Boston Grain and Flour Exchange
Cotton futures retreat amid labor outlook and foreign selling
New York March 26 AP reports early cotton gains based on labor news and higher Liverpool cables but later profits eroded. July contracts fell from 12.25 to 12.16 with prices near lows late trading, futures closing barely steady with small declines. Spot middling steady at 12.20. Bonds and Treasuries noted with Liberty bonds quoted.
MENTIONED IN THIS ARTICLE
New York
Liverpool
Home Loan Bonds Reported in New York Market
Produce exchange bonds, Home Owners Loan 4s quoted at 51 18 000 98 5 8. Market notes appear as AP dispatch from New York dated March 26.
MENTIONED IN THIS ARTICLE
Home Loan
New York
New Orleans Spot Cotton Dips Slightly in Quiet Market
New Orleans on March 26 reported spot cotton quiet with a 4 point drop as sales reached 498 bales. Middling priced at 12.07 cents per pound in a subdued market followed by steady to softer tone for nearby grades.
MENTIONED IN THIS ARTICLE
New Orleans
Snow boosts moisture on plains east of Roswell
Roswell reports 10 inch snow on the plains east of town with six to ten inches of snowfall over a 20 mile stretch to the Texas line. Evans of Tatum notes one to one and a half inches of moisture that should start the season, good for grass, ranges, and crops. Other NM towns show varied conditions from clear to cloudy at Clovis Vaughn Alamo sordo Albuquerque Carrizozo Artesia and Lovington.
MENTIONED IN THIS ARTICLE
N. Evans
Tatum
Roswell
Roswel
Texas Line
Tee
Wesether
New Mexico
Clovis
Vaughn
Alamosordo
Albuquerque
Carrizozo
Artesia
Lovington
Auto workers agree to protect jobs and limit layoffs
Efforts of both sides pledge to shield married men with families by favoring human relations over seniority and skill. Outside union employees are defined as paid up members or those obligated to pay. Agreement praised by Alven McCauley and William Green as honoring recovery act principles while avoiding gains for either side. The railroad wage dispute remains with arbitrator Joseph Eastman seeking talks to ease refusals to the six month pay pause. The coal industry's issues add to mounting concerns.
MENTIONED IN THIS ARTICLE
Alven McCauley
National Automobile Chamber of Commerce
Johnson
William Green
Federation of Labor
Joseph B. Eastman
I Chion
United Mine Workers
NRA
Associated Press
Roosevelt
Missionaries oppose plan of John Collier
Protest resolutions by Navajo and Hopi missionaries from Christian Reformed Presbyterian and Baptist groups denounce Indian Commissioner John Collier's Wheeler-Howard bill. They warn it would revive tribalism, curb Indian progress, and threaten church-state separation while supporting preservation of positive Indian traditions.
MENTIONED IN THIS ARTICLE
Gallup
John Collier
Wiliam Goudberg
Tohatchi
Christian Reformed Church
Christian Reformed
Presbyterian
Red Man
J. C. Morgan
Navajo Tribal Council
Congress
Fort Defiance
Senator Cutting silent on peace offer details
The Albuquerque Tribune reported Senator Cutting had no comment on the peace offer until he learned more about Republican plans. He said his knowledge was limited to what he read in the press and information conveyed to him in a number of brief messages.
MENTIONED IN THIS ARTICLE
Albuquerque Tribune
Cutting
Washington
Simms
Farm Credit Conference Details loans for farmers
Production credit available at low rates by associations under Farm Credit Administration. B M Giles outlined rules while Frank M Butcher explained discounting chattels mortgages at Wichita bank. Attendees from Albuquerque Las Cruces Roswell Clovis and Springer associations discuss loans about three times capital. Simms Republican committeeman weighs resignation after special session.
MENTIONED IN THIS ARTICLE
B. M. Giles
Production Credit
Frank M. Butcher
Federal Intermediate Credit Bank
Wichita
Albuquerque
Las Cruces
Roswell
Clovis
Springer Associations
Senate Passes Amendments Restoring Veterans Benefits
The Senate approved House amendments by 48 to 39 to reinstate 29,000 World War II veterans struck from benefits by the Economy Act. Veterans would receive 75 percent of former benefits without proof of service-connected disabilities.
Stabilization Call Warns of Currency Instability Risk
The International Chamber of Commerce monetary committee urges rapid money stabilization to avert a new world money war. It cautions that non gold countries seeking foreign trade advantages could trigger global currency instability. Also noted are unusual commercial paper contraction, and the RFC cutting loan and security rates to 4 percent for five years from April 1.
MENTIONED IN THIS ARTICLE
Washington
Monetary Committee of
The
International Chamber of Commerce
Federal Reserve Board
Federal Reserve
Snowblanket Hits Eastern New Mexico and Panhandle
Snow blanketed eastern New Mexico from Clovis to Carlsbad and Artesia with five to seven inches reported, while Roswell and Las Vegas saw lighter totals. In Amarillo the heaviest snow of the year brought 2.06 inches of precipitation and record 21 inches in 24 hours, aiding moisture for wheat as rail lines reported snows across Shattuck to Perryton.
MENTIONED IN THIS ARTICLE
Albuquerque
N. M
New Mexico
Carlsbad
Artesia
Las Vegas
Amarillo
Tex
Wheat Belt
Middle
Panhandle
U. S. Weather Bureau
Santa Fe _ railroad
Shattuck, Okla
Perryton
White Deer
Candian
Storm tears through Edgewood New Orleans wrecking dozens of houses
A thunder squall felled at least 75 houses in a five block Edgewood area. Early reports said a dozen people were injured and no fatalities had been confirmed an hour after the storm. A baby was feared trapped under debris as live wires and gas mains posed further danger while police moved families to safer homes.
MENTIONED IN THIS ARTICLE
New Orleans
Edgewood
Secretaries Meet With New Mexico Governor In Santa Fe
Representatives of a few cities and chambers of commerce in New Mexico met with Gov. A. W. Hockenhull in Santa Fe. The session, slated for the senate chambers at 10 30 a m, moved to the Governor's office by 7 30 p m. Several state officials joined the small gathering.
MENTIONED IN THIS ARTICLE
Santa Fe
Chambers of Commerce
New Mexico
A. W. Hockenhull
Senate
Mrs Slaughter Visiting Powie Texas Brother in Law
Mrs G O Slaughter of Powie Texas is visiting for a few days at the home of her brother in law D J Shrecengost in Powie Texas.
MENTIONED IN THIS ARTICLE
G. O. Slaughter
Powie
Texas
D. J. Shrecengost
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Detroit
New Plymouth
F. O. B. Factory
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