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Newspaper
Roswell Daily Record
Location
Roswell, New Mexico, United States of America
Date
May 13, 1940
Page
5
Leading stocks fell sharply as European war currents gloomed U S stocks and bonds. Among declines were U S Steel Bethlehem Chrysler GM American Tobacco and Dow Chemical, with heavy volume of 2,544,400 shares. Foreign currencies weakened while wheat and corn edged lower and cotton rose late.
Kansas City markets show hogs 15-25 higher than Friday with top at 6.00 and 180-300 lb at 5.80-6.00. cattle receipts total 5,570 with $5,300 salable and calves 1,100 with $1,000 salable. fed stockers and feeders steady to strong amid tight supply, notable gains in select steers and yearlings. vealers steady, butcher cows 6.00-7.25, some 7.75. sheep and lambs total 5,500 with open and steady demand and good to choice native springs around 10.50, scattered ewes 4.00-4.25.
A dated council notes German plans against Holland with mentions of Amsterdam The Hague and Rotterdam. The piece also covers Boston wool prices on domestic markets and Chicago grain quotes. It reports Roosevelt third term prospects and delegate movements in Iowa Oklahoma North Carolina and Ohio amid a busy political week with primaries and conventions.
Churchill declares a united war cabinet with aim of victory at all costs. Parliament, recalled from Whitsuntide, votes unanimously to support the government’s inflexible resolve to prosecute the war against Germany. Lords, allies, and new ministers like Chamberlain join in the surge of national unity as Norway and Narvik actions continue.
U S bonds in New York on May 13 show Treasury issues ranging from 2 1/2s to 4 1/4s with varied terms and yields. Federal Farm Mortgage and Home Owners Loan entries appear with small shifts in quotation, while New York Cotton futures rise by about three points from the May 10 close at 10.39-40.
Spot cotton in Galveston held steady with 3 up mid dling at 10.16 cents per pound as sales remained nil.
The record lists new contract dates and prices with July 10 04 to 06 and 10.59 for May, 10.20 to 22 for July, 9.73 to 9.74 for October, 9.61 to 9.63 for December, 9.56 for January, and 9.46 for March. Middling spot reported at 10.48 with N nominal.
Reports from Liege indicate Belgian forces hold near the Albert Canal while German claims of capturing the Liege citadel are disputed. Allied troops pour north from the French border as Brussels faces air raid alarms and civilian evacuations under strict government supervision. Dutch forces withdraw from IJssel Meer with light losses as air battles surge and Rotterdam hosts parachute operations. Civilians in The Hague face curbs to prevent uprisings as 20,000 British troops bolster Dutch lines and Dutch forces claim control of the interior.
New York curb close shows mixed trading with Alum Co Am at 163, Am Book 41 1/4, Am Gen 3 1/2, Ark Nat Gas 2 1/8, Ark P and L Pf 96, Bliss E W 18 7/8, Carrier Corps 5, Cities Service 5, Duval Tex Sul 7, El Bond & Sh 5 1/2, Ford Mot Ltd 2, Humble Oil 56, N Y Wat Sve Pf 22, Ning Hud Pow 4 5/8, Pender Gr B 13 1/4, Reed Roll Bit 5, Rustless S & S 12 5/8, Shat Denn 5.
New York May 13 wool futures edged lower after early strength. Prices closed mostly unchanged to four points down as commission houses faced securities weakness and hedge pressure. May near 97.6, Oct 97.6, spot standard tops 103.0. B bid.
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