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Roswell Daily Record in Roswell, New Mexico

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This newspaper page contains 12 articles. Subscribers can read the full text of each article.

Newspaper

Roswell Daily Record

Location

Roswell, New Mexico, United States of America

Date

May 20, 1940

Page

5

Parham Family Speakers to Headline Local Revival

Evang. and Mrs. Claude Parham of Baxter Springs Kansas will headline the Sol Getz revival at Apostolic Faith Church corner 17th and Washington Ave Monday and Tuesday nights. Rev Parham is the eldest son of the late Charles Parham founder of the Apostolic Faith Movement.

Claude Parham D. Baxter Springs Kansas Apostolic Faith Church 17Th Washington Ave Parham Chas Apostolic Faith Movement

Wall Street mixed as war news eases investors mood

New York trading showed modest gains in select steels and leaders before resistance appeared. Overall turnover was light at 1,229,600 shares as traders weighed the northern France battle and a still cloudy foreign picture. Grain and cotton futures rose in Chicago trading while bonds and foreign exchanges firmed.

Wall Street New York France U. S. Steel Bethlehem Youngstown Sheet Boeing Glenn Martin Sperry American Smelting Woolworth Johns Manville Western Union General Motors Great Northern United Aircraft Douglas Eastman Kodak Montgomery Ward Westinghouse Philip Morris Standard Oil N. J Chicago

New Orleans Cotton Market Closes Steady Higher

New Orleans May 20 spot cotton closed steady 34 points higher with sales reaching 610. Middling price reported at 10.06.

New Orleans

Spot cotton steady in Galveston sales of 300 bales

In Galveston on May 20 the market held steady as spot cotton sold 300 bales. Prices for 35 up and mid dling were reported at 9.56 cents.

Kansas City Livestock Kansas City USDA Boston Galveston

Chicago Grain Market Summary May 20

Chicago grain prices wrap with wheat near 85 and 84, corn around 68 and 62, oats near 39 and 34 as May, July, and September contracts trade. Market notes show mixed moves across futures with slight carry in several months.

Chicago

Money Rates Steady in New York Money Market

Call money and time loan rates held steady with prime commercial paper at 1 percent and 1/2 percent for short terms. Bankers acceptances unchanged across 60 to 90 days, 4 to 6 months, and 5 to 6 months. Rediscount rate at the New York Reserve Bank noted as 1 percent.

New York N. Y. Reserve Bank

New York Cotton and Bond Market Summary May 20

Cotton futures closed higher with July at 9.48 and Oct at 8.80. Measured spot middling priced at 9.91. U.S. bond closes show Treasury and agency issues with varying quotes, including 3 1/4s, 4s, and Home Owners Loans notes, at multiple bid figures.

New York Alum Co Am Ark Nat Gas Bliss Carrier Corp Cities Service Duval Tex Sul el Bond & Sh Fairchild Av Ford Mot Ltd Hecla Min Humble Oil Seiberling Texan Oil & L G & E Pf Jly U. S. Bonds Treasury Federal Farm

Seek Allied Lands Continued From Page One

Senators debate seizing Bermuda Bahamas and nearby islands to defend the canal and U S mainland. Miller argues for a protective force by battleship, Mintone favors negotiating a protective landing, Clark and George discuss war debt linkage, Pepper calls for defense arbitrage of necessary territory.

Florida South America Atlantic Britain Bermmda Canal United States Miller D-Ark Bermuda Bahamas West Indies England France Netherlands Mintone D-Ind Hitler Clark D-Mo George D-Ga Gillette Crown Pepper D-Fla

Weygand Named Allied Leader as France Braces for Battle

Weygand 73, veteran of World War I, named chief of national defense and commander of Allied land forces as France readies a decisive fight against a German invasion. Reports say Maubeuge and Rethel see counterattacks while panzer advances face supply limits. Petain joins Reynaud's government.

Weygand Maurice Gustave Gamelin France Marshal Foch Paris Reynaud Henri Philippe Petain Verdun Verygand Belgium Near East

Congress Moves To Speed War Air Force Buildup

Congress plans a record peacetime appropriation to expand the army and accelerate aircraft production toward a 50 000 plane fleet. The air program aims for 50 000 fighting aircraft yearly, while officials say engine shortages are a major hurdle. Col Lindbergh denounces alarmist talk as ministers push for a decisive defense policy and faster shipbuilding.

Army Navy Treasury Civil Aeronautics Authority Charles A. Lindbergh Europe Senate Appropriations Committee White House George D-Ga Conally D-Tex House Naval Committee Roosevelt Armed Services Morgenthau H. H. Arnold Army Air Corps Lindbergh America New York Paris

Governor's Day Draws Students to Carlsbad Caverns

About 1500 high school seniors from New Mexico Texas and Oklahoma joined 1737 visitors at Carlsbad Caverns on Governor's Day. Guests from Colorado and Kansas attended with Governor and Mrs Miles and the Park Service.

Carlsbad N. M New Mexico Texas Oklahoma Carlsbad Caverns Colorado Kansas Miles Park Service

Barracks Briefs Showers Fail to Damp First Class Dance

In Albuquerque on May 20 Seth Alston stockman and Lovington retiree remained a possible candidate for governor. He said he may speak after the Philadelphia meeting about seeking the Republican nomination and noted urging from friends across several counties.

Albuquerque N. M Seth Alston Stockman Lovington Alston Philadelphia

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