Wall Street Slips in Dull Memorial Day Trading Session
Wall Street endured the dullest session in a decade as traders fled for a long Memorial Day recess. The day closed irregularly with modest losses from profit taking ahead of the holiday. Turnover totaled 379,252 shares, the smallest since June 2, 1924, while many issues barely moved or were flat. Rubber and cotton rose modestly while grains fluctuated on drought news.
MENTIONED IN THIS ARTICLE
Wall Street
New York
Armour of
Ilinois
Loew’s
Paramount
American Telephone
U. S. Steel
American Can
General Motors
Montgomery Ward
Chrysler
N.Y. Central
U.S. Industrial Alcohol
Union Pacific
Liggett & Myers
U. S
New York Stocks Close May 29 1934 Market Rundown
The May 29 closing on the New York Stock Exchange lists dozens of issues with mixed results led by heavyweights such as Coca Cola Colgate and US Steel. Key averages show modest gains and declines across transportation metal and textile stocks, reflecting a cautious session amid 1934 market conditions.
Wheat and grain prices and New York market figures
Chicago grain quotes show May wheat at 98 1/4, July 97 1/2, September 98 7/8. corn May 55 5/8, July 57 1/8, September 59. oats May 41 3/8, July 41 7/8, September 42 1/8. rye May 60 7/8, July 62 3/8, September 64. barley May 50 7/8, July 52 3/4, September 53 2/8. lard near 6.17, bellies May 8.45. New York curb list includes Alum Co Am 65 and other industrials such as Humble Oil 43 1/2 and Ford Mot Ltd 8 3/4 alongside miners and utility stocks.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Alaska
Nkl
al C&dye
Sil
T&t
Amcr&Éf
Kencott
Krog Groc
Lambert
Amp&l
Amp1
Atl
NY_Cdl
AubAuto
Nynhe&h
Avin Cor
Na Aviat
Baj Loco
NorAmr
B&o Rail
R Zy Nor Pace
Arnsdl
Onio Oil
Beatric
Bendix A
Reth
G&e
AL Broh
Packard
Wee Paroy
Bstf
Park U
Buster
Byers Co
Anny Ee Cee - Penn RR
Cal Hec
Phelps Db
Fet A
Cmet
Sears
Com&Son
Cony
Bouya GornPro
Coty
Cart
Cal
Ty Lac&w
SON JS
Dia Mat
Stearn
Doug Air
Saa
Whbstr
Pu Pont
Studbkr
Eastman
TexCorp
EP Auth
Tex. Gul
Erec P&l
Timkenb
Erie RR
Trans Am
Firet&r
US Steel
Goodyer
AssuPrd
Ae Nor’ Pr
Sugr
Wadsco
Hershey
Vanadum
Hous. Oi
Warn Pix
Howe Snd
West UN
Mtr
Air
E&m
Curb
Associated Press
Alum Co Am
Amn Cyan
Amn G&e
Am Sup Pow
Ark Nat Gas A
Assoc G & B
City Sve
City Sve Pf
Coens Cop
Cresson Gold
el Bons & Sh
Ford Mot Ltd
Hecla
Humble Oil
Lib McN & L
Penn Road
Kansas City Livestock Market Report May 19
AP dispatch from Kansas City notes hogs at 6000 head mostly steady top 3.30 for 1990-250 lb choice, cattle 500, calves 800 with steers up to 25 higher, heifers 476 to 6.25, cows 3.25 to 4.00, milk fed cattle 3.00 to 5.00. sheep 9000 with lambs and springers 10-25 lower, spring lambs 9.50 to 10.10, yearlings 5.50 to 7.00, ewes 1.75 to 2.50.
MENTIONED IN THIS ARTICLE
Kansas City Livestock
Kansas City
US Dept. Agr
Markets Closed Tomorrow Memorial Day Observed
All leading security and commodity markets will remain closed tomorrow in observance of Memorial Day. The holiday will be observed in most centers, though the New Orleans Cotton Exchange will operate as usual.
MENTIONED IN THIS ARTICLE
New York
New Orleans
Liberty bonds and Treasury yields in New York market
U S bonds report from New York May 29 shows Liberty bonds closing at 103.26 for fourth 4s 4s 23 88 and Treas 4i 4s 47 52 at 111.31. Fed Farm Loan 3 1/2s at 10126 and Home Owners Loan 4s at 101.14.
MENTIONED IN THIS ARTICLE
U. S. Bonds
New York
Liberty Bonds
Treas
Fed Farm
Cotton futures inch up before holiday as rains ease prices steady
In New York on May 29 an early 5 to 8 point advance on lighter selling gave way to slight declines amid steady to firmer tones. Futures closed steady with July at 11.44 and May at 12.01 while spot middling held at 11.60 as rains and cool eastern belt conditions persisted.
MENTIONED IN THIS ARTICLE
New York
Liverpool
Wool market dull in Boston as buys stay limited
Boston reports small fleece wool sales continue at subdued levels. Trade sources say prices firmed slightly in some areas and it is harder to secure good wool in larger quantities at the low quotes. No report tomorrow due to Memorial Day.
MENTIONED IN THIS ARTICLE
Boston
US Dept Agr
New Orleans Cotton Market Steady As Sales Hit 401
New Orleans spot cotton holds steady with no change as sales reach 401 bales. Middling grade lands at 11.52 cents per pound with trading activity described as quiet for the period.
Galveston Cotton Prices Hold Steady Amid Trade
Galveston May 29 AP report notes spot cotton steady at 11.55 per cent with the middling grade. sales total 450 bales as traders await market signals.
MENTIONED IN THIS ARTICLE
Galveston
Mussolini Plans to Finance Next War
Rome May 29. Reports say Premier Mussolini intends to finance Italy’s potential war by nationalizing the economy and running it for government profit. In a speech he stated that from this moment Italy has chosen the best method to fund national defence in case of war.
MENTIONED IN THIS ARTICLE
Rome
IAP
Mussolini
Italy
Il Duce
U S Calls for New Disarmament Path in Europe
Roosevelt urged Congress to back a British drafted arms pact basis including Germany and called for disarmament negotiations. Davis argued for mutual reductions to gain security and warned against overwhelming armament power, urging U S restraint in European enforcement.
MENTIONED IN THIS ARTICLE
Roosevelt
Congress
Davis
United States
Germany
Avis
Changes Made- Rule 105-408 aims to speed civil cases
Adams examined rules and noted rule 105-408 on order of pleading could greatly shorten the interval from complaint filing to trial, reducing vexatious delays and costs. He supported cutting appeal time in district court judgments from six to three months as an important step forward to speed decisions.
MENTIONED IN THIS ARTICLE
Adams
Supreme Court
Union
New Mexico
Britain May Pay War Debts If U S Joins Talks
Britain hints at a June 15 payment on war debts if the United States participates in a conference to settle the broader issue. Officials say Parliament would block any payment if Roosevelt deems token aid insufficient to avoid default. Meanwhile, N M rules reforms ease indictments and push toward faster trials and lower costs.
MENTIONED IN THIS ARTICLE
London
Great Britain
United States
Roosevelt
Britain
Portales College Opens Saturday
Portales New Mexico May 29 AP Delayed by lack of funds Eastern New Mexico Junior College will open its doors Saturday June 2. President Donald William MacKay says a complete faculty of 17 will teach primary and intermediate education music art commerce history English and liberal arts. Equipment is purchased and ready for 21 classrooms and laboratories with a library adequate for 159 students. The school aims to serve teachers and students in a modern summer session with nationally and state renowned faculty and North Central Association standards in mind.
MENTIONED IN THIS ARTICLE
North Central Association
Fire department contests and demonstrations in Buceau
Fire chiefs and officers from Roswell and other towns gathered for a day of firefighting demonstrations and contests. Salvage cover contests at Mountain Field Club of Denver, water polo, and a school fire fighting talk by D G Mulligan. Boy Scouts held a water polo event with Robbie Young’s team winning three straight. Films on firefighting shown. ladies enjoyed a tea and picture party. An Armory wrestling program was planned for visiting firemen.
MENTIONED IN THIS ARTICLE
Buceau
Chicago
Mountain Field Club
Denver
Roswell
D. G. Mulligan
Mountain States Inspection Bureau of
Rue Chrisman
Harry K. Rogers
Robbie Young
Frank Young Jr
Princess Theatre
Yucca Theatre
Armory
No Reciprocity Between Colorado And New Mexico For Truck Licenses
No reciprocity agreement exists between Colorado and New Mexico for operation of trucks and commercial cars. Empty trucks entering New Mexico and those leaving with produce are not required to hold New Mexico licenses, while interstate commercial vehicles must be licensed. State Comptroller Juan N. Vigil says Colorado officials will meet New Mexico officials June 2 to discuss after a Durango detention of a New Mexico truck.
MENTIONED IN THIS ARTICLE
Santa Fe
Colorado
New Mexico
Juan N. Vigil
Durango
Dollar wheat makes first post July display in markets
Minneapolis May 29 AP dollar wheat visited the Minneapolis grain market today for the first time since last July. Amid cheers from traders, July wheat futures were posted on the opening at $1.00 to $1.01/2.
MENTIONED IN THIS ARTICLE
Minneapolis
Minnneapolis
Sister testifies sister wrote note before death
Sacramento May 29 Mrs Clare Fitzgerald sister of Virginia Johnson age 22 says she saw Virginia write a death by own action note before she disappeared from home and was found burned in a garage. District attorney Neil McCalister and Police Chief William Hallanan heard the claim today.
MENTIONED IN THIS ARTICLE
Sacramento
Clare Fitzgerald
Virginia Johnson
Neil McCalister
William Hallanan
General Strike Planned by Textile Workers Monday
Thomas F. McMahon, president of the United Textile Workers of America, served formal notice on NRA that a general strike in the cotton textile industry would begin Monday if an NRA order to cut production by 25 percent to curb overproduction takes effect. He estimated about 300,000 workers would walk out on the first day, with more joining within a week.
MENTIONED IN THIS ARTICLE
Washington
Thomas F. McMahon
United Textile Workers of America
NRA
McMahon
French fliers abort Pacific flight to New York stop
Two French air officers Maurice Rossi and Paul Codes, aiming for a nonstop 6,100 mile Pacific record and a 1 million franc prize, landed at Floyd Bennett Field due to wing vibration. They sought rest and champagne in New York before resuming, but the monoplane’s troubles halted the journey.
MENTIONED IN THIS ARTICLE
New York
Paris
America
San Diego
Califé
Floyd Bennett Airport
Maurice Rossi
Paul Codes
Park Avenue
Joseph Lebrix
Unconscious Six Days From Bite of Spider
Dr William Erken beck of Grand View Idaho remains unconscious six days after a Black Widow spider bite. Hospital officials report little change with no regained consciousness since last Thursday when he was rushed from his home to the hospital. Record Want Ads Get Results.
MENTIONED IN THIS ARTICLE
Fosse
Idaho
William Erkenbeck
Grand View
Also Mentioned on This Page
Standard Statistics Co
Bonnie and Clyde
Wting
Texas
Louisiana
Clyde Barrow
Jonnie Parker
International Illustrated News
Europe
Portales College
Pernec
McNally-Hall Motor CO
Pacific
Chevrolet
Chevrolet Motor CO
Detroit
Michigan
Ieee
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