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Newspaper
Roswell Daily Record
Location
Roswell, New Mexico, United States of America
Date
Oct 08, 1934
Page
5
On Oct 8 in New York the stock market showed inactivity with weak metal shares pulling prices down. Trading was indecisive and narrow with the list sagging near the close as turnover reached 451,400 shares. Only a few issues rose while General Cigar jumped to a new high and Radio Corp. gained on active turnover.
The 1934 Standard Statistic Co index summary shows today at 70.8 with pre-day at 82.7 and 71.3 for the industrials and 71 for the 1934 proportion, reflecting market movement in the Oct period.
The Associated Press reports mixed activity on the curb market with gains in Amn Cyan B and Gulf Oil and declines in Humble Oil and Ford Motors as investors weigh utility and energy shares. Multiple small caps such as Assoc G & E A and United Gas show modest moves while large names like Swift & Co and Trans Cent Air hold steady.
Liberty bonds closed with Fourth 4 1/4s at 101.15 and Treasuries 4 1/4s at 110.30. Home Owners Loan 4s traded at 97.5 with 51. Federal Farm Mortgage 3s at 97.5 and 3 1/4s at 99.28.
New Orleans from Oct 8 AP reports the government crop estimate at 9,443,000 bales, slightly under expectations. Traders faced gains of 18 to 20 points from yesterday, with quotes easing later. futures closed steady with October 12.03, December 12.14, January 12.17, March 14.30, May 12.36, July 12.40. Spot middling at 12.35 steady.
AP reports Chicago grain prices by contract for wheat corn rye barley and fats on October 8. Dec old and new quotes appear for wheat corn rye oats and lard with values and gaps noted. futures for October at 9.00 and 9.07 with nearby 9.17, bellies at 13.10 and blanks in several spots.
Kansas City market notes hogs 6000 with steady to 5 lower quotes top 6.00. packer sows 4.00 to 5.35 for 275 to 500 lb. cattle 23,000 with openings slow to steady. steers 5.25 to 1500 lb, good 3.00 to 4.00 for mid grades, cows 3.00 to 6.50, heifers 5.00 to 7.50. Small cattle 11,000. native lambs about 25 lower, best 6.00. yearling wethers 4.00 to 5.00, ewes 1.50 to 2.25, feeding lambs 4.73 to 5.50.
The raw wool market in Boston remained light with modest gains in wool tops demand and few small greasy combing domestic wool sales at steady prices. Receipts at the Boston Grain and Flour Exchange for the week ending October 6 totaled 229,400 pounds, down from 11,396,000 the prior week.
In Galveston on October 8, spot cotton remained unchanged at mid dlng 12.40 per pound with sales reported at 300 bales. The market showed steady demand as buyers and sellers kept to near prior levels.
An Advertisement for Falcons Electrical Service offers rapid radio repairs at affordable prices. The copy notes quick fixes and low costs, inviting readers to call 289 and visit 125 W for service. The ad mentions a promotion titled A Hero's First Run of Cards Four.
Greenberg homered, White and Cochrane spark Tigers with aggressive baserunning as Ellingson and Medwick contribute for St Louis. In a tense seventh, Capitals lose footing with misplayed plays while Gehringer and Greenberg drive runs. Durocher, Orsatti, and Dean clash in a crowded field as both teams push for a late lead.
In a disrupted Big Ten opener the Iowa team halted the Wildcats while Dean reached first. A collision sent Cochran down and charged at the plate. Martin fainted amid a swinging sequence as Tigers at bat produced outs. Final score unclear with fragmented details mentioning Cardinals and Tigers.
The State Federation of Taxpayers Associations held a morning session with 75 members from seven counties and formed a committee led by Kenneth Balcomb to draft an afternoon business outline. Officials backed a 20 mill property tax cap and sales tax at a local county meeting, while a 15 point legislative platform favored the sales tax, homestead exemption, merit staff system, department consolidations, and school integration. The Record will publish the full program tomorrow.
Promoter L B Lynch announced there would be no wrestling card here this week but a strong show planned for Thursday October 18 next week.
Jack Dempsey, former heavyweight boxing champion, refused a 100,900 dollar offer from South American promoters to fight Louis Firpo in a four round bout in Waterloo Iowa on October 8.
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