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Newspaper
Amarillo Daily News
Location
Amarillo, Texas, United States of America
Date
May 30, 1925
Page
8
The cotton market steadied with limited fluctuations as traders awaited the day of adjournment and next Tuesday’s crop report. October rose to 22.53 before finishing 22.47. July approached 28 cents, with December near 22.52. Exports reached 19,401 bales and U S port stocks stood at 343,251.
Kansas City and Port Worth reports detail cattle and hog prices, with many regions noting steady cattle values and uneven hog sales. Oklahoma City and East St Louis show varied quotes for beef steers, cows, calves, and packing sows, while Wichita markets list hogs at about 11.50 and cattle receipts near nominal steady levels.
New Orleans May 22 The cotton market opened firm but soon eased as traders await Decoration Day closures across the American markets. July and October fell from earlier highs, with July near 22.13 and October about 22.23 amid light buying and selling. Private crop reports showed varied conditions, with one at 74.2 and another at 75.1. Hester reported weekly takings of 199,000 bales, exports 40,270 bales, and Fall River noted 25,000 pieces of print cloth sold.
In Chicago May wheat contracts closed at 1.65 a bushel after a dramatic run from 2.055 earlier this year. The day featured irregular closing quotes and spread trades that favored corn, with moisture and oats also noted. In New York cotton goods and textiles markets, activity was modest with steady yarns and firmer wool goods, while raw and refined sugar futures showed little change. Potatoes in Chicago posted steady prices for whites and new stock firm arrivals.
In New York the stock market rose despite profit taking and bear selling. Volume was heavy with over 1.25 million shares traded and several issues moved to new highs or firmed, including Hudson Motors, Paige-Detroit, Fisher Body, and International Paper. Dividend expectations supported rail stocks like Heading and Southern Railway, while the market saw mixed results across industries and currencies.
May 21 entries show warranty deeds, trust deeds, liens, transfers and releases. Notable actions include Summers to Henson for 10, 550 and 1400 dollar deeds, Moore to Rodgers 34000 loan, Arabelo to Parks 1400, Williams to Standard S L 2000, Rodgers to Moore 2300 and various transfers and releases among local lenders and firms. Also listed are New York and Chicago financials on call money and U S bonds with generic poultry market notes.
The Floyd City Chapter Order of the Eastern Star will hold Memorial services Sunday at the Floydada cemetery at three o clock in the afternoon. The program will be in the open and graves of departed Eastern Star members will be decorated with flowers after the formal program.
New York on May 2 reports steady foreign exchange rates with Great Britain at 4.454 bell cables 4.863 18, sixty day bills on banks 4.814, France at 5.013 or 5.02 via cables, Italy at 8.90, Belgium 4.80, Germany 23.80, Tokyo 419, and Montreal 1.001 64. The data reflects a stable market with no dramatic shifts in demand or bid prices.
Chicago livestock receipts show hogs 17 000 active with top $12.00 and packing sows around 10? 11.10. killing pigs 11.75 to 12.00. heavy hogs 12.25. light 12.00 to 12.50. Cattle receipts 2 000 steady with fed steers 9 50 to 3 75. yearlings around 11.35. vealers and calves mixed. California springers 16.50. native springers 16.00. clipper e 13.59 to 14.00. fat native ewes 45 at.
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