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Newspaper
Roswell Daily Record
Location
Roswell, New Mexico, United States of America
Date
May 22, 1934
Page
5
Listed securities show varied gains and losses with industrials and rails mixed. Key movers include Am Sugar AmT&T and United States Steel while tech and transportation shares mark uneven performances amid broad market activity.
Stock market showed mixed results as inflation signals from President Roosevelt's message on silver legislation moved metal issues lower. Turnover reached 830,980 shares with several major names slipping, while grains finished easy and cotton lagged. U. S. Smelting, Cerro De Pasco, Kennecott and others fell 1 to 3 points.
Kansas City markets show hogs 7500 steady to 5 lower with top 3.30. cattle 5000, calves 800, weights mixed as feeders and steers trend lower while others hold. Sheep 9000 with fed lambs and springers up to 25, native spring lambs 10.75, Arizonas 19.25, yearling wethers 6.25 to 7.75. Stock averages list May 22 figures and day ranges for several livestock categories.
New York cotton futures weakened after initial gains of about 7 to 10 points as liquidation and selling hit the market. The drop followed the silver message failing to spur demand, with May closing at 11.27-28, July 11.35-36, Oct 11.54, Dec 11.66, Jan 23 43 8?%, March 11.81. Spot steady at middling 11.50.
Liberty bonds closed with Fourth 4 1/48 83-38 at 108.30 and Tres 4 1/4s 47-52 at 111.25. Fed Farm Mtg 3 1/4s 64 at 101.11 and Home Owners Loan 45 51 at 100.24.
New Orleans spot cotton closed slightly lower on May 22 as prices eased four points. Middling sold at 11.45 cents per pound with the market described as quiet. AP report notes slight pressure in the staple grade amid steady demand in the region.
Boston May 22 AP US Dept Agr reports a small spot trade with strictly combing 64s and finer Ohio and similar old clip wool closing at 233 cents greasy. Other grades sold mainly as new wools with combing lots at 30 cents greasy for 58s 60s and 32 cents for Sta 3/8 blood 48s 50s 1/4 blood. Trade was spotty.
AP reports mixed moves in New York curb market with gains and losses across several issues. Curb issues include Amer G&E at 22 7/8, Gulf Oil at 60 1/8, Ford Ltd at 1 3/4, and Detroit Air at 3/8, among others.
Market notes list prices or indices for Hecla Mining 6 1/2, Humble Oil 43, Lib McN 5 1/4, Ning Hud Pow 5 3/4, Penn Road 2 7/8, Sound 26 1/8, Swift & Co 15 1/4, Texan 6 1/4, Unit Gas 2 7/8, Unit Verde 4 1/4, Unit P and L 38.
Santa Fe May 22 AP The attorney general’s office will advise Clinton P Anderson that Albuquerque Water Company must levy the state sales tax. Municipal utilities and non exempt purchases by local governments are covered while only federal and state governments are fully exempt. Two yesterday opinions corrected by Neumann state that wholesalers to hotels and restaurants owe full tax while resale permits a reduced rate. Newspapers face tax on advertising though circulation is exempt. job printing is taxable.
Captain A W Fitch commander of the naval air station at Hampton Roads Norfolk Va arrived at 11 15 this morning with his aide Lieut Meadows to spend several days before continuing to the West Coast He is brother in law of Mrs Donald Wheeler Hamilton wife of Commander Hamilton
Sister M. Clotilda one of the nuns at St Marys hospital died at 1 45 PM. Born in Princeton Wisconsin on June 15 1912 she had served at St Marys for about a year. Funeral set for Thursday morning directed by Ballard Funeral Home with services at the St Marys chapel.
Former residents Mr and Mrs C A Greene and daughters Inez and Minnett of Pomona California are visiting the family of their son and brother Mr and Mrs Oscar Greene at Greenhaven Camp.
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