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Newspaper
Roswell Daily Record
Location
Roswell, New Mexico, United States of America
Date
Mar 29, 1934
Page
5
The New York stock market showed first real activity in the final hour, led by metals, with prices up 1 to 3 points. The day saw inflationary sentiment lift many groups, mining shares leading gains as U S Smelting and Kennecott rose, while bonds were uneven and currency expansion supporters cheered the Senate action overruling a presidential veto.
Kansas City market data show hogs around 4000 head, many 5 to 10 pounds underweight, top 3.95 for choice 180 to 240 head. Cattle about 2500, calves 600. light weight steers mostly steady, market mixed with weakness to 15 lower. Steers 5.00 to 7.15 per 100 pounds, heifers 4.50 to 6.00, cows 3.25 to 5.75, vealers 4.00 to 6.50. Sheep 8000, early sales steady to improving fat lambs, spring lambs 8.85 to 10.90, yearlings 5.00 to 7.50, ewes 4.25 to 5.50.
Trading was quiet in the wool market today with most purchases small. Sellers held firm on asking prices but some offered slight concessions on receipt of firm bids, producing most sales near the low end of recent quotation ranges.
The Associated Press notes stock quotes across multiple companies including Ford, Gulf Oil, Humble Oil, Libby McN, Newmont, Penn Road, Texas Company, and Unit lines with varied figures. Traders monitor shares such as Detroit Air and Shatt Denn amid broad sector activity.
New York reports cotton futures edged higher on Bankhead cotton control bill approval while selling orders held steady. July futures rose from 11.95 to 12.13 with late trading at 12.02, May at 12.01 and spot middling around 12.20. In Galveston spot cotton remained steady with 400 bales sold.
The Roswell Giants will not open their season here on April 7 and 9 against Amarillo as planned. Thorne Park will be used by the Zeiger Carnival from April 7 to 14, and manager "Happy" Keith may arrange games here on April 15 and 16 with Amarillo or Hobbs if the field can be prepared in time.
Cully A. Cobb leads praise for cotton growers and field workers in the 1934 adjustment campaign. He cites strong cooperation, loyalty, and intelligence as key to success and says local committees will verify proper acreage and rental terms. Full compliance must be certified before the next rental payment.
In New Orleans on March 29 spot cotton held steady, rising 21 points, with sales totaling 417. Middling fiber reached 129 as market activity persisted.
Liberty bonds closed with First 4 1 4s at 103.38 and Treas 4 1 4s at 109.30. Market figures dated New York March 29 AP.
Santa Fe March 29 AP Albuquerque failed to secure federal funds for a Central Avenue subway. The New Mexico Highway Commission rejected a $200,000 plan, urging $30,000 for widening and Laguna Cuto construction instead. The decision cited Santa Fe Railroad grade crossing issues and Bureau of Public Roads limits on a four lane subway.
Insull shows no sign of waking as the tramp freighter steams toward the Black Sea after port warnings of arrest. Romania and Turkey deny harbor to the fugitive while Constantinople awaits a refinery, with foggy, cold weather complicating the voyage.
Home owners loan 4s produce a bond exchange with 51 and 31,000 to 99 1-8 figures. Market activity centers on the swap program, with investors weighing the terms and potential yields as bonds move in trading rooms.
Jury selection consumed most of the voir dire as both sides used nearly all peremptory challenges. The state seeks the death penalty in a first degree murder charge against Wickman, with insanity pleas hinted from exams. Relatives of Wickman’s second and third wives were not yet present as the case opened.
A Chaves County Welfare Board meeting is set for tomorrow at four o clock to plan the transition from the CWA to the federal work relief program. Regina Chicoine sits in court watching the man who married her daughter as details of the end of CWA and start of relief work are discussed. T. J. Hall chairs the board and talks of need based hiring and Santa Fe approval for projects, with about 117 CWA workers remaining at program end.
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