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Newspaper
Roswell Daily Record
Location
Roswell, New Mexico, United States of America
Date
Mar 26, 1935
Page
5
The New York market closed with a mixed session as investors weighed oil, rail, and utility shares. Notable movers included Penn RR, Shell, and United Airlines with varied gains and losses across sectors.
Wall Street edged higher on commodities led gains with cotton wheat silver rubber and sugar advancing while stocks and bonds stayed narrowly mixed. The close fell about a point across most sectors except nonferrous metals and sugars with transfers totaling 441 800. In Kansas City hogs cattle calves and sheep markets were reported with varying prices for different classes and weights.
In Boston on March 26, inquiries focused on firmer western grown wools with moderate volume moving at last week’s quoted prices. A sizable batch of medium fleeces sold this week, including bright and semi-bright varieties, with bulk prices mostly 45 to 43 cents for 56s 3/8 blood and 41-43 cents for 48s 50s 1/4 blood, all on secured basis for clothing.
Chicago grain prices for May July and September futures show wheat around 93 7/8 to 91 1/4 cents a bushel corn near 78 7/8 to 69 oats about 43 5/8 to 36 7/8 rye 55 1/4 to 58 5/8 May listed 67 3/4. Galveston spot cotton steady at 11.30 cents per pound with 151 bales sold.
Governor Tingley told stockmen at Roswell that state agencies and federal helpers stand ready to assist with livestock issues. He cited farm colleges, experiment stations, sanitary boards, the land office, and more, urging cooperation to combat drought and disease while noting most livestock activity isn’t politics. He highlighted tuberculosis gains, regular tuberculin testing, and the need for continued expert guidance from agencies.
Cotton futures closed steady to lower after midday strength. July and active months eased from 11.20 to about 11.09 amid selling pressures following the defeated Thomas silver amendment. May 11.06, July 11.10, October 10.70, December 10.79, January 10.81, March 1089N. Spot middling 11.35 amid quiet trade.
The Associated Press reports a New York curb listing with multiple issues. Cars include Am Alum Co at 35 1/4, Am Cyan.B at 16, Am Sup Pow at 7/8, Ark Nat Gas A at 5/8, Gulf Oil Pa at 52, Newmont Min at 37 3/4, Humble Oil 46 7/8, Swift & Co 16, and Trans Cont Air at 5/16. Asset values span diverse utilities, oil, metals, and stock issues.
U S bonds quoted with fourth series 4 1/4s at 33 38 old 100 31 Treas 4 1/4s 47 52 at 115 25 Home Owners 4s at 51 101 30 Fed Farm Mtg 3s at 49 101 22 Fed Farm Mtg 3 1 4s at 64 103 9.
Chavez and the respondent face possible action if the contest proceeds as the petition is described as deceptive and disputed by the petitioners.
John Forrest Martin aged 47 died this morning at 2 00 in Roswell after years of ill health. He arrived last Saturday seeking health relief. Survived by widow and son Thomas Ray 16 months, two sisters and a brother. World War veteran who served overseas. Funeral tomorrow at 2 30 from Ballard Chapel with Rev Coleburn of Adventist Church officiating. Music by Adventist Church choir. Interment in South Park under Ballard Funeral Home.
Major James R. Kelly of N M M I delivered an address to the Kiwanis on The Origin of Today's World Conditions. He discussed causes of the last great war its costs in money and manpower and cited hopeful signs for peace in Europe amid unsettled conditions. Dick Davis announced upcoming group meetings with high school students and Wilson students taking part. Charles O Conner of Santa Fe
A Californian newspaper owner argues the Senate will not pass the Patman Bill and suggests financing via bonds, noting high interest costs. The letter questions wealth opposed to bonds and calls for further discussion. A separate state supreme court appeal seeks a rehearing in Ray Coyle's first degree murder electrocution case.
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