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Newspaper
Amarillo Daily News
Location
Amarillo, Texas, United States of America
Date
Oct 20, 1925
Page
9
The cotton market rose on reports of killing frosts in Oklahoma, northwest Texas, and Arkansas with stronger demand from hedgers and Wall Street. October hit a day high of 21.80 before closing 11 points above December despite some late declines, while exports and port stocks registered notable figures.
The New Orleans cotton market rose early on frost fears in the western belt, then eased on expectations of minimal crop damage, ending the day near near highs with gains of 10 to 12 points. Liverpool shown firmer, later markets corrected as hedge selling increased. Export volume reached 39,800 bales. In New York, raw sugar trading was quiet with a softer undertone due to increased offerings, Cuban and free duty sugars offered at 3.80 to 3.83, with futures slipping to new season lows. Refined sugar prices held 5.05 to 5.20 for fine granulated amid light demand.
Chicago reports show wheat prices tumbling as weather allows resumed threshing in Canadian regions. Dec and May contracts slip, corn and oats fall modestly, lard drops sharply while other provisions hold. New York buyers expect lower prices in cotton goods amid cautious purchasing and steady burlaps in Calcutta and New York markets.
Associated Press reports mixed potato prices across Wisconsin Minnesota and Idaho in late October. Round whites sold 2.30 2.50 per bag while bulk round whites moved 2.25 2.40 and Red River Russet sacks in Minnesota hovered around 2.75. Idaho russets viewed at 3.00 per sack.
United States bonds closed with Liberty 3s at 99.27 and various Treasury issues mixed with 4s and 44s quoted around 100 to 103 as traders noted slight movements in the afternoon session in New York.
New York October 19 call money steady with a high of 5 and low 4, ruling rate 5. Closing bid 4, offered at 4, last loan 4. Call loans against acceptances and time loans easier, sixty and ninety days at 4 49, four and six months 43 5, prime mercantile paper 4%.
New York October 19 foreign exchange markets displayed irregular moves with Britain at 4.833 and 4.831-16 for cables, sixty day bills on banks at 4.807-16, France at 4.40 and 4.42 cables, Italy at 3.98, Belgium 4.554, Germany 23.90, Tokyo 414, and Montreal 90 27-32.
Omaha cattle receipts reach 23000 with stockers and feeders active and prices steady to firm. Slaughter cows and heifers move slowly with losses around 10 to 50 cents, while stock cows and heifers hold near steady. Prices reflect a quiet day for slaughter cattle in a busy market.
Cotton futures in New Orleans and New York closed steady with modest gains. New Orleans prices showed gains of 10 to 12 points across main contracts, while New York results ranged from 11 to 15 points with January March May and octave positions cited.
In Kansas City on October 19 cattle receipts total about 6 000 calves slow with choice veals at 11.00 to 11.50 dollars and hogs around 8 500 head with most sales between 11.25 and 11.75 per hundredweight. Sheep receipts about 6 000 with lambs around 14.35 and Texas yearlings at 11.50 to 11.75. East St Louis reports hog receipts around 11 000 higher with light hogs at 12.25 and heavy at 12.00 to 12.10. cattle about 9 500 slow with canners 2.65 to 3.00 and fat ewes 5.00 to 7.00.
Wichita Kansas cattle receipts reach 3 600 with higher bids for butchers cows up to 5 00 heifers to 4 50 veals around 10 00 stockers and feeders near 7 50 top at 11 70. sows ranged 9 50 to 9 75 stock pigs 10 50 to 10 75 Sheep receipts 1 800 steady lambs rising to 13 00 fat ewes 7 00.
Fort Worth livestock market reports on October 19 show cattle receipts around 7 000 with 2 000 calves, steady ranges from 3.50 to 8.00 for various cattle types. Hogs receipts about 700, trend higher with top bids near 12.35, while sheep receipts near 1 000 hold steady with lambs 12.00 to 13.00 and feeders 11.00 to 13.00.
Oklahoma City on October 19 reports cattle receipts at 2900 with grass fed steers up to 7% percent, butcher cows 3.75 to 4.50, light heifers 6.50 to 8.00, canners and cutters 2.25 to 3.50, stockers and feeders 6.00 to 7.00. Hog receipts 400 higher with top at 11.65 and bulk 11.40 to 11.60.
Chicago market report shows hogs receipts around 8,000 with higher values for packing sows at 9.85 to 10.25 and heavy hogs 11.40 to 11.90. Medium hogs 11.70 to 12.10, light 11.25 to 12.00, pigs 11.50 to 12.50. Cattle receipts 2,000 steady with mature cows 16.00 andMontanas 11.00 to dealers 11.70 to 11.50. Sheep receipts 22,000 slow with feeding lambs 15.25 to 15.75 and fat native ewes 7.00.
Butter prices ease in Chicago market with creamery extras dropping to 0 and standards at 47 cents. Extra firsts range around 47, 40, firsts 45 and 46, with seconds quoted at 43 to 44 cents. Cone prices rise as ordinary firsts quoted around 40 to 45 cents.
Dr Leroy Abrams of Stanford University argues conditions here are ideal for a global botanical garden. Stanford already grows plants from Alaska to Tasmania ready to thrive outdoors, highlighting a wide geographic display to support a planned world class institution.
Stockholm reports the bread crop for the year more than twice last year, with rye gains the largest. The wild winter is blamed for the strong harvest. Rye yield fully meets normal needs and imports of wheat are cut from 339,000 tons in 1923 to 180,008.
Mrs Sophie Poleski of Newpork died in a furnace blaze after a rejected suitor allegedly struck her and shoved her into the fire. George Symak is in custody charged with the crime.
The latest Salin slippers show embroidery on the heel and across the back while the front remains plain. The design emphasizes decorative detail at the heels and rear, offering a subtle contrast to the simple frontal view.
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