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Newspaper
Amarillo Daily News
Location
Amarillo, Texas, United States of America
Date
Jun 18, 1925
Page
8
Cotton prices fell amid a downtrend from early declines driven by dry southwest weather and mixed forecasts. October slipped to near 13 in New York with July and other months posting sizable losses. port stocks and receipts were noted as the market drifted to new lows before a late rally attempt faded.
Chicago June 17 news from Fargo North Dakota that black rust appeared in the Red River Valley spurred a sharp one bushel wheat price surge. Markets closed nervous despite gains with July and September futures mixed amid higher oats and varied provisions. Coffee futures in New York rallied after early declines as Brazil arrivals and spot demand shifted, with September futures rising from 16.40 to 16.05 before settling higher.
Chicago cotton prices closed 85 to 45 points lower amid broad market weakness. Futures quoted for July at 23.96, October 22.86, December 22.93, January 23.05, and March 23.05.
Sales of print cloths and sheetings reached 200000 pieces this week with price advances. Southern print cloth mills are tightly held through July. Printed dresses in demand and wash goods sold steadily. Raw silk quiet though buyers prepared to pay advances. Burlaps quiet awaiting jute crop forecast. Wood markets steadier with improvements in coarse linens for households at low prices.
Cotton futures closed steady with net declines of 32 to 40 points on June 17 in New York. July at 23.71, vicinity movements noted, with July posting 23.62 to 23.95 ranges and overall weak tone. Raw sugar quiet with July 2.85 to December 2.93, refiners varying quotas. poultry prices mixed in Chicago market.
The report notes high pressure in the southeast and northwest with low pressure over the southern Rocky Mountain region and southern Plains. Showers occurred in the northeast, eastern Texas, southern New Mexico, and the middle Plains. Warmer conditions in the middle Mississippi Valley. Tonight and Thursday look partly cloudy with small temperature changes.
Cattle and hog markets show receipts heavy as of June 17 with Kansas City and Wichita reports. Steers and yearlings mix around 8.75 to 10.25, hogs steady near 12.25 to 12.50, lambs and sheep rising to 14.25 to 14.75 and 8.30 to 9.00 respectively.
Amarilla Livestork hogs noted with bids around 12.00 top price and bulk sales reported between 11.75 and 11.95. Top mat outs cited at 10.25 as market activity remains active and varied.
Fort Worth reports cattle receipts 3,300 with steady prices. Beeves bring 5.25 to 6.50, stockers 5.10 to 6.50, cows 3.00 to 6.25, calves 1.00 to 8.00, yearlings 3.10 to 4.00. Hogs receipts 5.00 to 12.60 top, bulk 12.59, sows 10.50 to 11.00. Sheep receipts 1,000 steady, lambs 10.00 to 13.00, feeders 9.00 to 10.00, wethers 5.50 to 7.00, ewes 5.00 to 96.00.
Cattle receipts about 1 100 with steady demand for fed yearlings at around 8.00, good grass cows 3.75 to 5.00, vealers 7. Hog receipts 600 higher with bulk hogs around 12.20, 2.45 for a tag, stockers 11.00, packing sows 10.75 to 11.00.
East St Louis June 17 hogs receipts 15 500 top 12 90 packer sows 11 40 11 00 cattle receipts 3 500 dull native beef steers 8 60 0 25 western steers 6 50 7 50 fat light yearlings and bulls 4 25 4 75 light weaners 3 1 Sheep receipts 8 500 steady fat lambs or fat light ewes 5 50 heavies 4 00
Chicago market report shows hog receipts 18 000 with slow trade and top at 13.00. Slaughter pigs 11.75 down. packing sows 11.50 11.00. heavy hogs 12.45. medium 12.40 12.95. light 11.50. Cattle receipts 8 000 active with yearlings to 11.65 and mixed steers and heifers to 11.56. best heavy steers 9.00 9.50. Sheep receipts 12 000 higher. native lambs 15.50 15.75. native ewes 6.75 7.00.
Associated Press reports New York on June 17 that spot cotton closed quiet and steady with revised quotations down 40 points for mid dling. Sales on the spot were 125 with no arrivals. Low middling 23.10, middling 24.10, good middling 24.70. Receipts 1,442 and stock 116,044.
Market notes show butter prices in Chicago with various grades and declines, New York United States bonds quotes including Liberty 8s and Treasury 43s, potato prices in Chicago with regional variations, and call money in New York with rates and loan terms.
Foreign exchanges in New York show uneven movement with Great Britain at 4.857-16 and cables 4.88, sixty day bills on banks at 4.817-16. France quotes 4.75 and 4.76, Italy at 3.774, Belgium 4.703, Germany 23.81, Tokyo 403, and Montreal 1.001-64.
Report explains burglars in Peru prepare for break ins by moistening mud on walls with a sponge and water to wash away the thin coating. They then cut through the frail framework to create a passable opening, enabling entry without obvious force.
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