Wall Street Mix With Declines Leads to Heavy Close
In a confusing session on May 12, stock prices edged down more than up with the day ending heavier. Turnover stood at 1,110,110 shares as nervous selling pulled leading issues lower while grains and commodities moved erratically and several major names showed fractional losses.
MENTIONED IN THIS ARTICLE
Wall Street
New York
lIntermittent
U. S
American Smelting
Western Union
Santa Fe
Radio
Homestake
Dome
Howe Sound
Cerro de Pasco
American Can
U.S
United Aircraft
General Motors
Chrysler
U. S. Steel
Bethlehem Steel
Case
Montgomery Ward
American Locomotive
New York Stocks Close Reported By AP
New York stocks closed lower amid broad selling as investors weighed market risks. The May 12 session saw declines across key indices with losses concentrated in industrials and rail shares, while utilities held firmer.
Mothers Day and highways loom in Pecos Valley notes
Sidelights celebrate Mothers Day with churchgoing reminders, stamps funding war mothers and veterans, and praise Dr. Goodsell’s memorial service. Also reported are federal probes of illicit stills, a Fort Sumner highway meeting on Highway 60, and reflections on New Mexico’s evolving culture and a rural flail's enduring use.
MENTIONED IN THIS ARTICLE
Hockenhull
Amercan
Chicago Grain Chic Prices May 12 AP Close
Commodity notes list grain and feed prices with May July and September contracts for Ww corn oats rye and barley. Entries include May and July figures for wheat corn oats rye and barley along with September values and odd digits, reflecting a market snapshot.
MENTIONED IN THIS ARTICLE
Chicago
Kansas City Livestock Markets Report May 12
AP dispatch notes cattle and hog prices at Kansas City with week totals. Hogs top around 3.25 per pound for odd sows. cattle about 25 to 50 lower on steers 1000 Ibs plus, lighter weights weak. vealers and yearlings around 6.5 to 7.0. Sheep and lambs show declines, native spring lambs around 11.5 and woolly wool lambs near 10.0.
MENTIONED IN THIS ARTICLE
Kansas City
Colorado
New York Cotton prices edge up after early losses
New York cotton opened with declines of 9 to 10 points amid realizations and wheat market selling, then partially recovered. May closed near the best level, up about 1 point from earlier quotes, while July and later deliveries finished 1 to 3 points lower in quiet trading. Middling grade quoted around 11.45.
MENTIONED IN THIS ARTICLE
New York
Liberty bonds close amid varied thrift values in New York
U S bonds report mixed results from New York on May 12 with Liberty bonds closing at Fourth 4 1/48 33-38 and 104.5, Fras 4 1/4n 47-52 at 112.2, Fed Farm Mte 3 1/4s ’64 at 102.4, and Home Owners Loans 4s ’51 at 100.25.
MENTIONED IN THIS ARTICLE
U. S. Bonds
New York
Liberty Bonds
Freas
Fed Farm Mte
Home Owners Loans
Stock Averages Report May 12 From 1934 Daily Figures
May 12 stock averages show varied movement with several indexes marking new lows. Highlights include readings around 85.0 to 86.2 for key indicators and notable declines into new 1934 low territory amid market activity reported by Standard Statistics Co.
MENTIONED IN THIS ARTICLE
Standard Statistics Co
New York Carb and Associated Press Market Ticker
The list shows prices for multiple stocks and commodities including Alum Co Am Am Cyan B Amer G&E Amer Mar A Amer Sup Pow Ark Nat Gas Assoc G&E City Sve City Sve Pfd Cord Mar Cresson El R&S Ford Lid Guilt Oil Humble Oil Lib MeN Ning Hud Pow Penn Road O Ind Swit & Co Texan Trans Air Unit Gas Unit Verde Unit P&L.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Alum Co Am
Am Cyan
Amer G &E
Cresson
el R & S
Ford Lid
Guilt Oil
Humble Oil
Lib
Ning Hud
Penn Road
O Ind
Swit & Co
Texan
Trans. Air
Unit Gas
Unit Verde
Unit P&l
Wool Market in Boston Sinks as New Wools Weigh In
Boston reports continued weakness in wool business with few sales of old western wools at firm prices for immediate needs. Spot fleece prices dip due to pressure from new wools offered for future delivery, while some buying of new fleeces is noted for grease basis pricing, and stock on hand sees activity.
MENTIONED IN THIS ARTICLE
Boston
AP US Dept
Five locations report activity in Eddy county offshore wells
Gypsy Oil Co. State No. 1 sec 8 21 36 and Noble Drilling Co. State No. 2 sec 24 18 37 report rigging and 212 foot cemented casing respectively. The only Eddy county well this week is Stovall and Marshell McKvain No 1 sec 6 25 27 drilling at 2000 feet in salt formation.
MENTIONED IN THIS ARTICLE
Gypsy Oil Co
Noble Drilling Co
Eddy County
Stovall and Marshell
Refuse Admit Three To Border Conference
Tucson May 12 AP The Border Intercollegiate Conference membership committee rejected applications from the Texas School of Mines West Texas Teachers College and New Mexico Normal The committee said it would consider Mines for fall 1935 if a new application is submitted next spring and the school complies with eligibility rules West Texas Teachers College and New Mexico Normal were not admitted, the committee voting not to increase membership at this time
MENTIONED IN THIS ARTICLE
Texas School of Mines
West Texas Teachers College
New Mexico Normal
Galveston Cotton Prices Steady at 11.40
Spot cotton in Galveston on May 12 held steady with middling futures at 11.40 cents per pound. Sales reached 250 bales as buyers and sellers maintained cautious activity in the market.
MENTIONED IN THIS ARTICLE
Galveston
Also Mentioned on This Page
Fu- York ‘Stock Exchange
Lowing
New
Adam Exp
Air Weap
Anega
Amis
Amcr&f
Ampl&pt
Amrolm
AmSmelt
Am Sugar
Amt&t
Amtobb
Amwwkk
AmWoir
Win Pf
Anacohd
Anchor C
Arm
AT & Sf Ad Auf
Avia Cor
Bai_Loco
BalLoc Pf
Beoball
Bendix
Beth
Bob Alum
Mena
s_aus
Eusau
Ai Wiper
Wytis
Las Aive
Celahese
Cerias Wa
Gé&et
longoNa
ConBak
GornPro
Coty
Homietak
Liosnooh
Har
T&t Il
Ins Kencott
Lambert
Mack
Meinpor
McLelim
Midcpet
Mo Pac Montard
Moth
Murray C
Nat Bis
Nash
NatVary
NaAviat
Nur Pac
Pullman
Kralid
Rey Tobb
Safeway
L&sf
Schulte
Seab Air
Oz Sead Oi
Sears R
Shell U
Skelly
G&fe
Ss O.cal
BON J
Ste Wrn
St &Wbstr Studbkr
Tex Corp
Tex Gu
Texpc&c O
Pex Plat
Timkenb
Trans Am
Ttn
Carbi
Tvnitgim
Usindat
Vanadum
West Mla
West UN
West Air
Wste&m
Woolwrt
WorPmp
Yel Tr&c
United States
Jesus Christ
East Grand Plains
W. FE. Goodsell
Pecos Valley
Uncle Sam
Fort Sumner
New Mexico
State
Texico
Arizona Hne
No. 66
Albuquerque
Border Conference
Tucson
Ariz
The
Quality League of America
Leland
Roswell Swimming East Second Street
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