Stock Market Dips After Inflation Leap Fades
Wall Street ends with a heavy tone as inflation enthusiasm wanes. Turnover runs 914,390 shares. Metals slipped while most machines held near or above parity. Wheat fell sharply on drought fears. other grains and cotton drifted lower. Bond activity improved and the dollar held firm in the foreign exchange market. Major declines appeared in U S Smelting and several industrial names, with mixed recoveries late.
MENTIONED IN THIS ARTICLE
New York
Washington
U. S
Howe Sound
American Smelting
Cerré de Pasco
Unil
Consolidated Gas
American Telephone
Public Service of New Jersey
Case
U. S. Steel
Bethlehem Steel
Western Union
Santa Fe
du Pont
New York Stocks End Slightly Mixed on Bulk Trading
Boston market report notes trading in bright medium quality fleeces with futures at 30 to 31 cents, buyers dominant. Spot wools quiet around 33 to 35 cents for 56s and 33 to 34 cents for 48s 50s in grease.
MENTIONED IN THIS ARTICLE
Boston
US Dept Agr
Grain and livestock prices in Chicago and Kansas City reports
Chicago and Kansas City market data show closing grain bids for wheat corn oats rye and barley with May July and September quotes. Hogs cattle calves sheep and lambs present in Kansas City with ranges for weights finishes and milk fed veal. notes include steady to higher hogs and mixed lamb quotes.
MENTIONED IN THIS ARTICLE
Kansas City
US Dept
Stock prices list for various companies and notes
The list shows closing prices and fractional shares for numerous stocks and securities including Am Cyan B, Amer G & E, Ark Nat Gas A, Humble Oil, Newmont, Niag Hud Pow, Seiberling, Swift & Co, Texan, Trans Air, Unit Gas, and others. Values range from fractions to mid forties and involve utilities, mining, oil, gas, and industrial firms with brief identifiers and minor variations.
MENTIONED IN THIS ARTICLE
Associated Press
Alum Co Am
Am Cyan
Am For
Amer G & E
Amer Mar
Amer Sup
Ark Nat Gas A
Assoc G & E
City Sve
City
Cord Mar
Cresson
el B & S
Ford Ltd
Gulf Oi
Hecla Mining
Humble Oil
Lib McN
Niag Hud Pow
Newmont
Penn Road
Seiberling
Shatt Denn
S Ound
Swift & Co
Texan
Trans Air
Unit Gas
Unit Verde
Unt P & Bes
Stock Averages May Day Prices Across Sectors
The May 1 stock averages report shows indices for industries and railroads, with TI at 88.7, today and 89.8 yesterday. Industrials, railroads, utilities, and total figures are listed, reflecting early market activity and sector shifts on the day.
MENTIONED IN THIS ARTICLE
Titania
Bond Market Summary From New York May 18
Liberty bonds closed with the Fourth 4 1/4s at 103.27 and related issues showing firm pricing. Treas 4 1/48 47 52 moved to 111.29 while Fed Farm Mtg 3 1/45 reached 101.25. Home Owners Loan 4s 51 stood at 100.27.
MENTIONED IN THIS ARTICLE
New York
New Yoork Stock Exchange
Adam Exp
Alaska
T&t
Kencott
Krog Gr
Amcr&f
Lambert
Ai Amrolm
St.Far
Pac
MontWa
Amt&t
Amtobb
Murray
NashMot
Anchor C
P&l
Arm
Nynh&h
At&sf
AubAuto
Aviat
Avia Cor
Nor Amr
Balloco
Bal Loco
B&o
Ohio
Barnsch
Beatrice
Pacg&fe
Bendix A
Packard
Beth Sti
C&o Rail
P&p
Chi Ri&p
Safeway
Chrysir
L&sf
Coca Col
Sehulte
Colgate
Col Fuel
Coty
Ste Wrn
Curt
St&Wbett
Lack&w
Studbkr
Doug Air
Tex Corp
du Pont
Tex _Gas
Eastman
Texpc&o
Tex
Tr & Blec P&l
Erie
T&r
GenElec
genFood
US Gyp
Génirsig
Usindal
Gil Raz
Wss
Gimbel B
Rubi
Glidden
Ussmit
Howe Snd
West Air
Wste&m
Liberty Bonds
Treas
Fed Farm Mtg
Home Owners Loan
Poppy Day Sale Planned By American Legion Auxiliary
The American Legion Auxiliary met at Mrs. Albert Hudson home to plan Poppy Day sales on Saturday May 26 with Mrs. J W Duffin as chairman. Chums will assist. pies made by disabled veterans at Albuquerque and Fort Bayard hospitals will be used in a window display. A poster by Faye Dresser will adorn the display and a memorial program was given during a social hour.
MENTIONED IN THIS ARTICLE
American Legion Auxiliary
Albert Hudson
M. C. Martin
J. W. Duffin
Albuquerque
Fort Bayard
Faye Dresser
O. R. Haymaker
F. E. Plymate
Hudson
Mmes. R. Cc. Poteet
T. J. Jackson
O. W. Liston
Edd Amonett
Coc
City Mar
Indians Unsolved Reservation Murder Case Breaks Open
Authorities recount a Native American crime case where Sam Shipley and Pat Williams allegedly attacked McCabe, cutting his boat and injuring him to prevent ID, with Kiswood Shipley accused of a headshot before the body was hidden. After two days of quiet work, the slaying was branded an unsolved mystery until Aldrich, using longtime Native method, uncovers a potential solution. Sheriff Roberts had dropped the case but will question suspects as state control looms.
MENTIONED IN THIS ARTICLE
Sam Shipley
Pat Williams
Kiswood Shipley
McCabe
Navajo Mounted Police
Indian Bureau
Aldrich
Dee W. Roberts
McKinley County
Relief plan targets drought areas for emergency cattle aid
The Farm Administration and Farm Credit Administration, with relief administrator Harry L Hopkins, outline drought relief measures. Cattle not fit for breeding will be used for relief efforts, and bounties will be designated in the drought region, starting in North and South Dakota, the hardest hit. The Weather Bureau offered little hope, predicting light showers rather than lasting relief across Minnesota Iowa Wisconsin and surrounding states.
MENTIONED IN THIS ARTICLE
Farm Administration
Farm Credit Administration
Harry L. Hopkins
North
South Dakota
Weather Bureau
North’ Dakota
Minnesota
Iowa
Wisconsin
Idaho Senator Warns against Demise of Tax Power
Borah denounced the delegation of parliamentary power and warned that without taxing power democracy collapses. He labeled fascism Nazism and communism as threats using terror and fanaticism to bury the individual under schemes of personal advantage and mocked democracy’s liberty and free speech.
Cotton trading muted with modest reaction in New York
In New York on May 18 trading in cotton was subdued after yesterday's gains, with moderate declines from realizing and reselling by recent buyers. Futures closed steady with May 11.38, July 11.45-46, Oct 11.64, Dec 11.76, Jan 11.82, March 11.91 and spot middling around 11.60.
MENTIONED IN THIS ARTICLE
New York
New Mexico considers proposed tax exemption at Monday meeting
A proposal to exempt certain property in New Mexico may be discussed at the forthcoming Monday meeting. The state's aggregated assessed property value sits around 285 million dollars for tax purposes, excluding about 18 million in property already exempt under laws for veterans and heads of families.
MENTIONED IN THIS ARTICLE
New Mexico
Pioneer Roswell Resident Mrs Costa Visits Roswell
Mrs Costa, longtime Roswell pioneer now residing in Denver, is spending several days in Roswell and at the Gilkeson hotel she will be glad to see old friends.
MENTIONED IN THIS ARTICLE
Costa
Gilkeson
Mary D. Costa
Roswell
Denver
Gilkeson Hotel
Also Mentioned on This Page
Wall Street
Chicago
Kansas City Livestock
Standard Statistics Co
Mmes
A. J. Simms
W. J. Beatty
Julia Corn
S. E. Bryant
George N. Carothers
H. A. Ingalls
Homer Dunagan
M. M. Oglesby
R. C. Poteet
O.W. Liston
Pearl Cole
Maurine Plymate
OCC Lake
City Market
S. W. Public Service Co
Amonett’s. Camp Camino
Mabie Lowrey
Fairbank’s
Yellow Cab
Roswell Daily Record
Roswell Auto Co
Dunn Plumbing Co
OCC Malone
First National Bank
Kiwanis Club
Shaw’s Grocery
Painters
Lions Cab
Amonett
Camino
Mabie-Lowrey
Record
Public Service
Fairbanks
CCC
Amonett’s
Roswell Auto
Dunn
Lions
Bank
Postoffice
Kiwanis
Shaw’s
Shaw's
Dunnn
Shaws
Frank
L. H. Welter
Borah
Mae
Schilling
Tulsa
van Camp
North Main
Clardy’s
Gross’ Cash Grocery
Southwest Reves
Public Service Company
Kellogg’s
Bailey’s
Bailey
Massey Urgency & Market
North Main St
Salee’s
Crisco
Schilling’s Coffee
Hills Bros. Coffee
H. B. Salee Grocery & Market