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Newspaper
Roswell Daily Record
Location
Roswell, New Mexico, United States of America
Date
Oct 15, 1934
Page
5
New York stock action drifted on an uncertain path with a subdued appetite for risk. Turnover totaled 508,176 shares as traders waited for more stimulating news and some sectors showed only modest gains while others slipped. Auburn Motors, Hudson, U S Smelting, Cerro De Pasco, American Smelting and Howe Sound rose slightly among a handful of firmer issues.
The New York stock exchange closes with a dense list of hours and prices across major industries. Notable names include Air Weapons, General Electric, US Steel, Texaco, DuPont, and Union Pacific, with varied gains and losses reflecting market breadth for the day.
The New York curb market was fairly steady with irregularities in utilities and oil stocks. Specialties were in demand as several industrials and metals saw gains. Singer Mfg rose five points to another all time high of 235, while utilities fell and fractional declines appeared for American Gas Electric Bond & Share Cities Service and Niagara Hudson. Humble Oil edged up a quarter point.
Kansas City market report shows hogs at 6500 head, uneven, 15 to 25 lower, under 200 pounds most affected, top 5.60 for 220-270 pound hogs. sows 4.00 to 5.10. Cattle and calves total about 31,000 with steady to 15 lower bids. steers 550-1100 pounds 5.25 to 9.00, heifers 5.00 to 7.50, cows 3.00 to 4.00, vealers 3.00 to 7.00. Sheep around 9,000 with lamb bids lower. best lambs above 6.35, yearlings 4.00 to 5.25, ewes 1.50 to 2.25, feeding lambs 4.75 to 5.50.
Encouragement came from recent modest gains in demand for greasy combing domestic wool. Boston buy prices for most territory wools ran higher than fleece quotes and direct Texas prices. Domestic wool receipts reported for the week ending October 13 totaled 394200 pounds, up from 299400 the prior week.
Chicago grain prices report closes with wheat at December old 99 3/4 and new 1.00, May 1.00, July 95 1/4. Corn December old blank, new 76 1/4, May 78 5/8, July 79. OA December old blank, new 51 5/8, May 49 7/8, July 45 7/8. Oats December old 74 1/4, new 74 1/4, May 76 1/4, July 76. Barley December 79 1/2, May 76 1/2. Livestock markets show LA October 9.15, December 9.32, January 9.42. Bellies October 13.22, December 12.45, January 12.40.
A compact digest of securities with prices: Alum Co Am 53 1/2, Am Cyan B 16 1/2, Am Maracaibo 7/8, Am Sup Pow 1 3/4, Ark Nat Gas A 7/8, Assoc G&E A 1/2, Ford Mot Ltd 10 3/8, Tat OF Pa 51, Hecla Min 6 3/8, Humble Oil 40 1/4, Lib McN & L 6 3/4, Nia Hud Pow 4 1/4, Penn Road 1 3/4, Shattuck Dean 2 1/2, Swift & Co 18 1/4, Texan Oil 6 1/8, Trans Cent Air 2, United Gas 2 1/8, Unit & Pow A 1 1/2.
Early declines of 9 to 10 points in cotton due to liquidation gave way to rallies as commission houses buy. In New York futures closed Oct 12 at 12.17 and Dec at 12.29, with spot cotton steady around 12.50 middling amid quiet trading.
Stock averages show today values with 50 Industrials 20 Railroads 20 Utilities 90 Tubes. Today 83.1 37.1 57.4 71.4 Prior day 84.0 37.4 58.0 72.2.
New York reports on a large gang tied to an assassination plot with ties to U S bonds markets. Paris dispatches describe a Europe wide hunt for Balkan terror chiefs and a "gun girl" as authorities pursue the Marseille assassination cell and its elusive leaders.
In Chaves County New Mexico a suit filed against Jack Russell seeks a decree of divorce from Bessie Russell. Attorney O E Little of Roswell represents the plaintiff. Appearance must be filed by December 26 1934 or default judgment will be entered. Dated October 13 1934 in Roswell New Mexico. D P Greiner Clerk. By Louise McConnell Deputy. amnesty.
In New York on October 15 AP reports Richard Hauptmann testified in his habeas corpus hearing that he called for his wife at her Bronx bakery on the night of March 1 1932 the Lindbergh kidnapping and drove her home. His wife supported the alibi saying he normally called for her on Tuesday nights and was home that night. The defense also presented bakery proprietor Christian Fredericksen who said Hauptmann’s wife worked Tuesday and Friday nights.
Lee Evans of the New Mexico Cattle Growers Association says drought relief purchases will drop to 85,000 head in October from 100,000, with cuts also planned in other states. Delays by cattlemen aim to prioritize drought stricken areas, calves and yearlings to be wintered with less feed, and new herd limits proposed.
Gallup New Mexico AP A clash over Democratic nominations for three McKinley county offices surfaced at the county nominating convention to be held Tuesday night. The bloc led by Abel Ortega and Lorenzo Sanchez contends for key posts. Ortega’s daughter Esther Ortega seeks county clerk after a term limitation.
For thirty years I suffered constipation with souring food from my stomach. After taking Adlerika I am a new person and constipation is a thing of the past. Advertisement notes Owl Drug Company in Roswell and George Wilcox in Dexter as sellers.
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