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Newspaper
Amarillo Daily News
Location
Amarillo, Texas, United States of America
Date
May 12, 1925
Page
10
New York and New Orleans reports show rains boost selling as July futures drop to about 22.7 to 22.55 with losses around 45 to 56 points. Traders cited ample rain in the south, weak demand, and anticipated warmer weather ahead, with exports and port stocks noted for the season.
Chicago May 11 Wheat prices swung downward in the final hour as United States visible supply seemed less restrictive than hoped. Wheat closed heavy, corn rose modestly with export demand supporting the market. cotton closed 44 to 89 points lower amid favorable weather and weak cables. Chicago and New York markets showed mixed moves with grain futures and cotton adjusting to late trading and weather signals. Cattle and hogs at Kansas City reported steady to higher prices.
New York bonds on May 11 show Liberty Bonds at 100.50 with various issues: first 44s at 102.2, second 43s at 101.9, third 49s at 101.28, fourth 43s at 102.10. U S treasury 4s bid 101.20 and treasury 43s at 105.16.
Kansas City and Chicago market data show cattle receipts totaling about 67 000 with mixed prices. In Kansas City top heavy steers bring 10 60 while stockers and feeders range 6 25 to 8 25. Hogs top at 12 50 with most sales 12 20 to 12 50. Sheep receipts near 12 000 with wooled lambs around 26 and clipped offerings near 12 or 13 dollars.
Associated press report from Oklahoma City on May 11 shows steady steer receipts with best steers at 7.50 to 8.00, good heifers at 7.00 to 7.50, cows around 6.50, calves about 8.00, and stockers steady. Hog receipts higher at 12.46 for the day. bull 12.00 and stockers 9.00, with a 0.50 change.
Hogs receipts total 1 100, bulk price range 1.00 to 12.25. Cattle receipts 2 400 including 200 calves, steady. Beef steers 8.00 to 10.00, beef cows and heifers 4509.50, bulls 3.50 to 6.00, veal calves 4.00 to 69.00, stockers and feeders 4.0 to 5.06.
Cattle receipts 6006 including 1000 calves steady with prices listed. Hogs receipts 1500 higher with tops 12.60 and bulk 12.25 to 12.60. Sheep receipts 500 strong with lambs 14 to 15 dollars and feeders 10 to 11 dollars.
Hog receipts 1690, market up 40 cents with top to packers at 12.30 and bulk 12.05 to 12.25. Cattle receipts 2400 including 200 calves, slaughter steers 8.00 to 10.10, heifers 5.00 to 9.50, cows 4.50 to 8.00, calves 4.00 to 9.00, bulls 3.50 to 6.00, stock cattle mixed demand.
Foreign exchanges were irregular with Great Britain at 4.849 on demand and 4.85 on cables. Sixty day bills on banks yielded 4.80 percent. France showed 5.21 on demand and 5.22 on cables, Italy 4.10, Belgium 5.05, Germany 23.80, Tokio 42, and Montreal at 1.001 to 1.82.
NEW YORK May 11 The raw sugar market steadier with spot unchanged and later shipments higher. Cuban June at 4.83, futures steady on covering and trade buying, May 2.58, July 2.72, Sep 2.56, Dec 2.85. Refined prices inactive. Coffee futures higher on covering with Santos strike concerns. May 15.07, July 14.60, Sep 18.50, Oct 15.55, Dec 18.00, Jan 12.85, Mar 12.48. Spot dull, Riots 18 to 18, Santos 21 1/2 to 32 3/4.
Call money easier with a high 3 and low 3 as ruling rate stands at 34. Closing bids at 3 and offerings at 33. Last loan 4. Call loans against acceptances unknown. Time loans steady at sixty and ninety days 33, four and six months 54? prime commercial paper 39 4.
Associated Press reports unsettled poultry prices with totals for fowls roosters and turkeys at Chicago markets. Potatoes steady with Wisconsin Minnesota and Florida pricing. wholesalers note dull trade and varied barrel and sack quotes across states.
New York May 11 Cotton seed oil eased on liquidation from the south and west and slow cash trade despite better crop and weather news. Closing bids 8 to 18 points net lower. Sales 42,700 barrels with prime crude 9,373, prime summer yellow spot 10.00 11.25. May close 1.65, July 10.75, September 11.11, October 7. All bids.
Cotton goods buyers backed today as cotton softened, with inquiries for future deliveries. Raw silk steady but overall market tone firm due to large local consumption. Wool goods slow and irregular. Burlaps easier abroad and softer locally. Linens dull.
Labor unions in Grand Rapids Michigan plan a labor temple with a projected cost of 500000 dollars. The project signals growing organization and need for a central meeting place for labor activities and related social services.
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