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Newspaper
Roswell Daily Record
Location
Roswell, New Mexico, United States of America
Date
Mar 27, 1934
Page
5
New York stocks rallied late after an early drop of 1 to 4 points sparked by news the President seeks a strong regulatory bill. The close was heavy with a turnover of 1,603,610 shares. Wheat faded with equities, cotton and rubber futures found support, silver unsettled, bonds lower, and foreign exchanges easier.
Convright 1954 Stannard Statistics Co releases stock averages with figures for Tre and To, showing daily highs and lows such as 93.0, 48.1, 74.7, and 95.7 across listed categories. Includes percentage indicators and closing values for the market snapshot.
AP lists closing figures for American and regional stocks, including Am Cyan B 17 1-2, Amer G E 26, Ford Ltd 7 1-4, Gulf Oil 66 1-8, Newmont 46, Texan 5 7-8, Seiberling 3 3-4, Unit P L 3 1-2, and several others, reflecting varied performance across industries.
Inquiries on 64s and finer territory wools were received with only moderate sales. Prices did not show a definite drop but tended toward the lower end of recent quotes. Ohio and similar fleeces 48s to 50s, 1-4 blood grade were quiet with an easy tone. grease prices around 40 cents, while some holders held out at 41 cents or higher.
New York March 27 AP ace exchange reports activity in home loan bonds with notable figures. Prices show 4s at 51 122,0 and an adjusted bid. Market watchers note modest shifts amid thin trading as investors weigh liquidity and refinancing needs.
Early declines in cotton mirrored weakness in other markets but recovered about 1.00 per bale as reports said Senate adopted amendments to the Bankhead bill increasing tax on excess production and collecting at ginning. July rallied to 12.13 before easing. Futures closed steady, May 11.86-88, July 12.00-12.02, Oct 12.14-15, Dec 12.26, Jan 12.31N, March 12.39N, spot middling 12.05.
Hogs 3000 steady top 15 higher. choice 180-240 lbs 4.25. packing sow 3.25-3.65. Cattle 3000 calves 700. fed steers strong to 25 higher. best early 6.50. steers 5.50 to 7.15. heifers 4.60 to 6.10. cows 3.25-3.75. milk fed weaners 4.00 to 6.50. Sheep 7000. Texas spring lambs 10.50. fed wool lambs 8.75. spring lambs 10.00-10.60. yearling wethers 5.00 to 7.50. ewes 4.25 to 5.57.
Chicago grain closes for March 27 with futures quotes across Wheat Corn Oats Rye Barley and fats. wheat May 85 1 2 July 85 3 8 September 86 1 2. corn May 49 July 50 7 8 September 52 7 8. oats May 32 3 4 July 33 1 4 September 33. rye May 58 July 59 1 4 September 60 7 8. barley May 44 3 8 July 46 September 48. lard May 6 27 July 6 35 September 6 55. bellies May 7 87 July 8 20.
New Orleans on March 27 AP reports spot cotton quiet and 7 points lower with sales totaling 652 bales. Middling price sits at 12.00 cents.
New York AP report notes Liberty bonds closed with first 4 1 4s at 103.13 and Treas 4 1 4s at 110.5 in a market showing modest gains and steady demand.
Police searched for a negro who tried to extort ten thousand dollars from Howard M. Hanna, nephew of the late Mark Hanna, in Thomasville Georgia. A dummy package was left by Hanna’s chauffeur. shots were fired as officers closed in and the suspect vanished. A second man seized the package and also fled under gunfire from the posse.
W. L. Elser, E. C. Hollinger and H. L. Kent of State College were here today.
Leon Smith and Dorothe Deason, praised young musicians, performed at the Kiwanis meeting. Miss Smith studied under Norma Bogan and offered three piano numbers, while Miss Deason, a recent festival honoree in violin and piano, played two violin pieces with Thelma Perry on piano. P. B. Ginsberg spoke on Music And The Depression mood, highlighting era psychology. The club pledged to aid Roswell United States Land Office efforts and planned a softball league with Doug Moores and others leading. Guests included Neil Watson, Harold Smith, and Prager Miller.
A meeting for all interested in forming a softball baseball league is set for next Monday at 7 pm at the Chamber of Commerce. Eleven teams have signed up. Games will be at a vacant lot on Richardson between Fourth and Fifth, donated by Levers Brothers, with possible night lighting. The White Rock Cafe faces Mabie Lowrey Friday at 5 pm and Shaw Grocery Sunday at 3 pm in non league play.
The article notes a plan for building 65 destroyers 32 submarines four cruisers and more than 1106 airplanes with final ship and plane construction decisions to rest with the budget bureau. Ship contracts would alternate between government and private yards with a 10 percent profit cap on large contracts. Congress must appropriate funds before work. Roosevelt has not yet defined immediate building levels.
The House Public Lands Committee outlines the intent and scope of the grazing bill to counter reports. It argues the measure seeks to prevent the complete loss of public domain suitable for grazing, noting overgrazing and erosion threaten vast acreages.
Former President Herbert Hoover spent about two hours in Santa Fe on a cross country trip. He planned to head east toward Kansas City and then return via Colorado to his California home. Hoover denied any political activity and noted Kansas City as his easternmost point. He met Ed Safford and Francis C. Wilson during the stop and planned to stay the night in La Junta, Colorado.
Charles Huff addressed Captain Smith's advertising class at the Institute today with a practical talk on the subject How To Lay Out An Ad. He demonstrated layout principles and emphasized clear messaging and effective visual hierarchy for newspaper advertisements.
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