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Newspaper
Roswell Daily Record
Location
Roswell, New Mexico, United States of America
Date
May 06, 1940
Page
5
New York on May 6 sees a broad list of stocks trading with uneven gains and losses. Prominent movers include Allegheny Ludlow, Beatrice Cream, Boeing, Colgate Palmolive, General Motors, and Radio Corp of America among others trading with fractional changes. Investor activity shows varied reactions across industrials, utilities, and consumer goods sectors amid a fluctuating market tone.
Selected stocks showed a tentative rebound led by steels aircrafts and coppers but gains faded toward the close with many issues slipping. Total volume 518,700 shares as traders blamed European war doubts for the apathetic session. Major names included Bethlehem Steel General Motors Douglas Aircraft Du Pont and General Electric while some firms like Safeway Stores and U S Rubber lagged. Commodities were uneven with wheat and corn down while cotton declined in late trade.
Kansas City reports Hog receipts around 5 000 with fairly active but uneven demand down 10 to 20 cents from Friday’s averages. Top hogs at 5.65 with buyers paying 4.40 to 5.60 for 170 to 325 pounds and 5.15 to 5.50 for 140 to 160 pounds. Sows mostly 4.65 to 4.90, some at 5.00, stock pigs around 5.00. Cattle and calves total about 9 000 with liberal fed steer supply, water-fills ample and early bids lower. Slaughter cows and common to medium heifers softer, bids 25 or more lower on good to choice heifers. bulls 15–25 lower. weaners steady to weak. Stocker and feeder cattle about half receipts, quality bulk fed steers 8.50 to 10.50, some 11.00 and higher. Cows: small lots good at 7.50, common to medium heifers 7.25 to 7.75, sausage bulls 6.75 to 6.85, prices down from 10.00 in spots.
Chicago market data shows butter at 93 score with scattered values, creamery 27 92 26 1/2, eggs receipts 15, storage 18, chicks 18 3/4. Poultry prices list live hens 19 trucks, broilers 2 1/2 lbs down to 23 1/2 for colored and 26 1/2 for Plymouth Rock, White Rock 27, turkeys toms 11 and hens 14, capons up to 25 pounds.
New Mexico Townsend clubs named a 12 member national congressional advisory council to guide candidates favored by the Townsend organization after primaries. About 100 delegates attended a meeting in Hot Springs to approve the council and its mission of promoting the $200 a month pension proposal.
Domestic wool in Boston was mostly quiet with prices largely unchanged from last week. A few carloads of bright three-eighths and quarter blood fleece wools offered from the country sold at 36 cents in grease delivered to users.
Cotton futures finished 11 16 points lower in New York trading on May 6 with old contract data showing May at 10.58 to 10.59 and July at 10.30 to 10.31. New contract quotes ranged from May 10.71 to July 10.43, with October 9.86 to 9.88 and December 9.71 to 9.72. January 9.66 to N. May price 9.56 and middling spot at 10.74 with no change overall.
New York market summary lists listed securities with values for Alum Co Am Ark Nat Gas Carrier Corp Cities Service Con G E Bal Pf Duval Texas Oil Humble Oil Ning Hud Pow Pender Gr B Rustless S S Seiberling Rub Texan Oil and others as of May 6 1940. Values shown include Ammeter 54 Ark Nat Gas 2 1/2 and more.
The report cites Italian military activity near the Yugoslav frontier and Do decanese islands, Russian reinforcements near Ruthenia, and alleged Allied landings at Salonika denied by London. It notes a large Italian force north of Fiume, a spy scare in Hungary, border incidents with Yugoslavia, and diplomatic exchanges involving Bulgaria, Turkey, and Britain as anxious capitals react to the southeastern crisis.
The German garrison at Narvik, about 3,000 to 4,000 men, holds the Arctic port as operations proceed slowly and expect no immediate capture. In Britain, demands rise for vigorous wartime actions ahead of Prime Minister Chamberlain’s House of Commons appearance to explain the Norwegian withdrawal. The Yorkshire Post predicts Chamberlain will prevail with Churchill's backing.
The report notes a expected vote in the commons on the Norwegian campaign with potential confidence action by the government. In Berlin the German news agency cites Adolf Hitler and King Gustaf V affirming full agreement on future political conduct between Germany and Sweden. Sweden aims to stay neutral. Germany praises Swedish neutrality and says it will be respected.
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