Wall Street Stocks Close Mixed as Market Absorbs Data
New York markets end with widespread declines and gains across many blue chips after a busy session. Investors watch key rail and steel shares, while Treasuries hold steady as bond conversions and curb list activity reflect mixed sentiment across sectors. Local commodities and livestock quot King Kansas City round out a volatile trading day.
Wall Street gains as steel and metal issues lead market
Substantial advances in industrial and metal shares gave the New York stock market a firm tone. Leading equities rose while rails lagged, with notable gains for Republican Steel preferred and Inland Steel among others. The market reacted to news on Republic Steel merger prospects and the closing zone remained firm after 953,050 shares changed hands.
MENTIONED IN THIS ARTICLE
New York
U. S
Republican Steel
Inland Steel
Republican Men
Liggett & Myers
American Can
Columbian Carbon
Chrysler
Allied Chemical
U. S. Smelting
Cerro de Paseo
American Smelting
American Telephone
Coca Cola
Consolidated Gas
Anaconda
Douglas Aircraft
U. S. Steel
General Motors
Bethlehem
Union Pacific
Repab- Steel
Department of Wee ix
Corrigan-McKinney Steel Co
Republic
Demand for Western Grown Wools Holds Up in Boston
Boston wool market shows continued demand for fine western grown wools with large lots of Argentine and French combing terrify wools offered in original bags at 57 to 58 cents scour. Shorter French combing wools move at about 55 cents. Ohio wool and a 48 5/50 blood wool sold at 23 to 23 1/2 cents grease.
MENTIONED IN THIS ARTICLE
Boston
U. S
New crop cotton futures steady on gains as bids rise
New York on May 3 reports futures recovering about 1 per bale from Thursday’s dips due to buying in sympathy with other markets and limited offerings. July futures touched 11.81, with May at 11.85, 11.87, 11.51 to 11.68. Spot middling cotton in New York steadies at 12.25 with Galveston spot at 12.30 and 75 bales sold.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Adam Exp
Nki
Air Weap
T&t
Alaska J
Myvi
Allegny
Kelvina
Aicedy
Kenecott
Allis
Krog Groc
Amr
Lambert
AmCr
Nat P&l
Armll Pf
NY Nhe&h
At&sf
NorAmr
Reb Auto
Ow Ig
Avia Co
Nor Am Pt
Ee Loco
Nor
Pac
O Rail
Ohio Oj
Barnsdl
Pac G&e
Beatric
Packard
Bendix A
Park WU
Beth Sd
Penny JC
Bob Alum
Pennar
Borden
Phelps D
Bulovia
PriPet
BuradMa
Progamb
Byers Co
Pullman
Cal Hee
Pure Oil
Camp Wy
Pur Bak
Can Dry
Radio
Radoft
Case JI
Leanse
RemRand
Cer Pas
C&o Rail
Rey Tob B
Cmst
Safeway
Sopey Aier
StroLead
Col
St L&sFolgate
Schulte
G&e
Seab Oil
Ceominvtr
Sears R
Com Solo
Shell U
Com&Sou
Skelly
CongoNa
Soc Vac
Con Gas
SoCalld
Con Oil
Sou Pac
Con Can
Conoilid
Spery Crp
Corn Pro
Stards
Coty
Ste Wrn
Baton
Stone&Ww
Er Aud
Studbkr
el Boat
Tex Corp
Elec P&l
Tex Gul
Erie RR
Texpitr
Fire T&r
Timkenb
Fosterw
TransAm
UnitAir
Corp
Mir
Sig
Indal
Glidden
Goodyear
US Steel
Folland
Vadeco
Ous Oi
Vanadum
Snd
Warn Pix
West UN
West Air
Wste&m
Ind Ray
Trade and Commission House
Spot
New Orleans Cotton Markets Close Quietly
New Orleans on May 3 reported a quiet spot cotton market with prices up 7 points. Sales were nil as Middling grade settled near 12.30 cents per pound according to AP notes.
MENTIONED IN THIS ARTICLE
New Orleans
Two Radicals Held for Prosecution in New Mexico Riot
Four others, including three women, faced charges of aiding an escape while 34 participants were released. The case centers on a bloody April 4 riot linked to a purported Communist plot. A.L. Wirin of the ACLU denounced the arrests as frameups and cited county political tensions in McKinley County with Gallup as the county seat.
MENTIONED IN THIS ARTICLE
New Mexico
A. L. Wirin
Los Angeles
American Civil Liberties Union
California
McKinley County
Gallup
Gallup Riots Tied to Unemployment Strike and Kidnap Hoax
In Gallup New Mexico a riot left three prisoners dead and six wounded as sheriff’s officers moved to remove detainees from a preliminary hearing. State police and national guardsmen helped restore order amid accusations of labor strife and land disputes connected to a 1933 coal strike. Authorities investigated a hoax kidnapping claim surrounding defense attorney David Levinson and New York journalist Robert Minor.
MENTIONED IN THIS ARTICLE
M. R. Carmichael
Ignacio Velarde
Solomon Esquibel
aé_e
Justice of the Peace
Mac
Carmichael
Victor Campos
Gallup American Coal Company
Clarence Vogel
Gallup
Vogel
Lynch
N. M
David Levinson
Philadelphia
International Labor Defense Attorney
Robert Minor
New York
E. W. Roberts
Levinsor
State Penitentiary
Presley Kelsey
Rain and Snow Fail To Benefit Parched Land
Rain and snow fell in small flakes with a storm too weak to help the parched earth, leaving ground dry and conditions unchanged.
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Kansas City Livestock
Kansas City
U. S. Dept
Arizona
U. S. Bonds
Curb
Alum Co Am
Amn G&e
City
el Bons & Sh
Ford Mot Ltd
Gulf Oil Pa
Hecla
Humble Gil
Newmont Min
Pennroad
Swift & Co
Unit
Unit Verde
Chicago Grain
Chicago
Grain
Jiy
Rye
Wall Street
Galveston
Idaho
Portales
Great West
Armour’s
Campbell’s
Clardy’s Products
William
Lima
White Flyer
Lady Alice
Schilling
Packer’s
Hamburger
Brookfield
National Guardsmen
Defense Committee
Levinson
Tucumcari
Albuquerque
TWA
Paul E O'Neal
Los Lunas
Art Weaterfield
Here
Highway 366
Albuquerque-Roswell
Roswell
Raton
Santa Fe
Las Vegas
Clayton
Vaughn
Clovis
el Paso
Opex Auto Polish
Pia
Ibs
Ebonol
Tae
Safeway Stores