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Roswell Daily Record in Roswell, New Mexico

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This newspaper page contains 11 articles. Subscribers can read the full text of each article.

Newspaper

Roswell Daily Record

Location

Roswell, New Mexico, United States of America

Date

May 08, 1934

Page

5

Wall Street Ends On Firm Tone With Heavy Turnover

Stocks rallied after early selling led by metal issues as May 8 trading closed firm. Gains of 1 to 2 points dominated with some 5 point advances. Turnover reached 1,948,110 shares. Wheat and cotton mixed steadiness. bonds irregular but U S securities showed strength. Major gainers included U S Smelting, Homestake, Howe Sound and several others. Chicago grains featured May wheat at 835 7 8 and corn May 47 1 2.

Wall Street New York U. S. Industrial Alcohol American Commercial Alcohol National Distillers Case du Pont U. S. Steel American Telephone Bethlehem Steel American Can Chrysler Johns-Manville Southern Pacific General Motors Consolidated Gas Santa Fe

New York Stocks Close Amid Broad Market Moves

The May 8 stock close shows widespread activity on the New York Stock Exchange with numerous equities listed and mixed results. Major names such as US Steel, General Electric, Anaconda, and Penn RR appear among active quotes, reflecting broad investor shifts and a range of gains and losses across sectors.

Live Stock Market Summary from Kansas City May 8

AP report lists hogs at 6000 head mostly steady to lower with top 3.35 on choice 189-240 pounds. Cattle 6000 with calves 1000. fed steers steady to weak, yearling heifers 6.00, steers 5.85 to 9.00, heifers 4.85 to 6.35, cows 3.65 to 4.25, milk-fed weaners 3.59 to 6.50. Sheep and lambs: 10,000 head, spring lambs 25-50 lower, slaughter lambs 15-25 off, top spring lambs 11.00, wool lambs 9.85, spring lambs 10.25 to 21.00, lambs good and choice 4x 90 lbs down, ewes 2.50 to 4.35, wethers 6.50 to 7.75. Quotations based on ewes and wethers.

Kansas City

Prices for Western Wool Decline in Early Shearing Markets

AP report notes lower country wool prices in early shearing, with Ohio and New York grades like 56s 3/8 blood 48s 50s 1/4 blood offering around 84 cents in greage. Old bids fell to 2 cents, while western grown wools remained steady with little buyer interest and small demand.

Boston Ohio

Cotton market steady as middling slips at New Orleans

New Orleans reports a steady cotton market with middling at 11.55 and no sales. The day notes Liberty bonds in New York and Treasury issues, including 4 1/4s and 4 1/48 rates, alongside federal farm loan instruments and homeowner loan figures, reflecting broad bond and loan activity.

Progressives eyeing reaction to May 16 GOP offer

The article notes ongoing discussion without committing the committee to a stance. It stresses the intention to gather all views, estimate the progressives’ response to the Republican proposal, and suggests May 16 as the earliest possible date for a forecast. The fragment hints at internal positions but lacks final decisions.

Ted

87 Miners Die in Flames at Potash Mine

May 8 AP report: a flaming shaft at Buggingen Potash Mines sealed for two weeks, 87 miners trapped and killed by carbon monoxide after timber collapse. Foreman died during hoist. six rescuers hospitalized. Fire and smoke halted search until safe to reopen shaft. Floral offerings marked the sorrow in the village.

Delinting Plant Opens in Mesilla Valley

Las Cruces New Mexico May 8 AP G R Quesenberry extension agronomist said farmers in southern New Mexico have established a delinting plant near Chamberino in connection with their cooperative cotton gin showing progress in the Mesilla Valley project.

Las Cruces N. M G. R. Quesenberry State College New Mexico Chamberino

Market Summary of Commodities and Stocks from AP

A list of miscellaneous bond and stock prices with many fractional quotes across sectors. Notable entries include Amer Cyan, Amer Mar, Am For P War, Am Sup Pow, Ark Nat Gas A, Libby Mex, Newmont, Niag Hud Pow, Humble Oil, Det roit Air, Swift Co, Texon, Unit groups, and several utility and mining stocks showing varied fractional changes.

the Associated Press Alum Co Am Am Cyan B Amer. G.&e Amer Mar Amer Sup Ark Nat Gas A Assoc G&e Assoc G& EA Brillo City Sve City Svc Cord Corp Cresson Detroit Air Fond Ltd Qui Oi Hecla Mining Humble -Oil Libby Mex Newmont Penn Road Sound Swift &Co Texon Trins Air Unit Gee Unit P & L Unit Verde

New York Cotton Firm After Early Decline

New York cotton futures closed higher after reversing a small early drop. May 11.35, July 11.48-49, Oct 11.63-65, Dec 11.75-76, Jan 11.80, Mar 11.90-91. Spot middling 11.65 amid firmer wheat and stock tones and upbeat Washington outlooks.

New York Washington

Spot cotton steady as sales reach 400 bales

Galveston market report for May 8 notes spot cotton steady with middling grade 20- up at 11.55 cents per pound and total sales of 400 bales. The brief item records price, grade movement, and volume from the Galveston port.

Galveston

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