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Newspaper
Amarillo Daily News
Location
Amarillo, Texas, United States of America
Date
Oct 21, 1925
Page
11
The cotton market closed steady with a net advance of eight points on October. Prices fluctuated within a 15 to 20 point range as October and January contracts saw declines from earlier highs. Exports for the day reached 67,061 bales, with port stocks and receipts reported for major U S ports.
Chicago reports a sharp advance in December wheat with trading nervous at closing. Market hovered around the idea of a corner, reports of Canada threshing delays denied. December at 1.46, May near 1.42, oats steady, corn soft, provisions mixed amid strong October lard demand. Coffee market in New York opened flat to down, then rallied, closing slightly lower to higher. Rio and Santos prices shown, with Spot quiet.
In New Orleans on October 20 the cotton market showed extreme quiet and small losses as traders awaited Monday's government report. Early trading was largely unchanged before a gradual decline, with active months down 7 to 9 points from yesterday's close. Liverpool opened unchanged to down three, then rallied briefly before continuing to ease, closing near the session lows.
New Orleans October cotton futures edged down seven to nine points, with March May and other contracts showing slight declines or mixed moves. In New York, cotton futures closed steady to modestly higher amid thin activity, with March May and December futures posting small gains and losses.
Cattle receipts 17 000 with calves 8 500 and prices showing broad steady ranges. Heavy steers top at 14.00, short feds 8.50 to 10.00, grassers 6.00 to 7.75, grass fat heifers 5.00 to 6.75, butcher cows 4.00 to 6.00, canners 11.00 to 11.50, veals 11.00 to 11.50. Hog receipts 8 000 uneven, top 11.60, bulk 11.15 to 11.50, packing sows 10.00 to 10.40, stock pigs 11.25 to 12.00. Sheep receipts 6 000 steady, western lambs 14.75 to 14.90, natives 14.00 to 14.50.
Wichita Kansas October 20 cattle receipts 1000 higher with butcher cows and heifers 4.00 to 6.50 while logs bulls 3.75 to 4.00 top years 10.50 stockers and feeders 5.75 to 7.50 hogs receipts 1600 lower top 11.50 sows 9.50 to 9.75 sheep receipts 200 steady lambs 12.50 to 13.00 culls 9.00 to 9.50.
Fort Worth on October 26 reports cattle receipts around 4000 with 1000 calves, hogs 506, and sheep 700. Prices vary by class: cattle from 3.50 to 68.00 per hundredweight, hogs top at 12.55 with common ranges 12.15 to 12.25, lambs 12.02 to 18.00, ewes up to 76.00, and feeders and yearlings listed in mixed ranges. Bulls and calves priced between 2.59 and 8.50 for various lots.
Cattle receipts 1500 steady with grass steers 6007.08, cows 3.7544.25, canners 2503.50, wearers up to 10.00, feeders 6.09 to 7.50. Hog receipts 790 lower, top 11.50, bulk 11.30 to 4.50.
Chicago Livestock market figures show hog receipts at 36 009 with top at 11.00 per cwt and various hog weights trading between 11.20 and 11.85. Cattle receipts 1 009 with fed steers 9.50 to 12.00 and dealers 11.50 to 12.90. Sheep receipts 14 000 with fat native lambs 12.40 to 14.60 and ewes 6.50 to 7.50.
Cattle and sheep receipts totaling around 7 500 with demand firmer for fat lambs and ewes. In New York sugar markets, Cuban raw sugar fell to 2.77 duties paid with prompt and October deliveries. refined sugar down five to ten points as spot market eases. December at 2.03, March 2.19, May 2.31, July 2.42 amid tighter demand.
Poultry markets show unsettled conditions with fowls 15, springs 9, turkeys 25, geese 39, ducks 19. Foreign exchanges steady with Great Britain at 4.80 and cables at 4.844 and various European currencies quoted, including France 4.43, Italy 4.01, Belgium 4.55, Germany 23.80, Tokyo 414, and Montreal 1.45-02.
Omaha Oct 20 Cattle receipts 10 000 stockers and feeders very slow good kinds steady plain cattle 10 to no lower butcher stock slow and about steady good cows and heifers steady
New York trading opens with commodities easing after a period of steady advance in lard and cottonseed oil. December and January contracts led the drop, with about 18,000 barrels of activity noted, as prime crude and yellow spot prices fluctuated around 9.8 to 10.0, including October and March positions.
Butter prices hover with creamery extras at 48 to 49 cents per pound and various firsts and seconds quoted. Potatoes remain steady with round whites mostly 2.40 to 2.50 in sack sales and bulk ranges noted for Red River spuds and Idaho russets in market rounds.
U S Bonds quoted in New York on October 20 include Liberty 8s at 101.26 for firsts 41s at 101 26, seconds 44s at 100.28, thirds 44s at 101.2, quarters 43s at 102.4, treasury 48 at 102.20, and treasury 48s at 106.14.
Call money eased with highs to 44 and lows to 4, ruling rate 44, closing bids offered at 42. Last loan 4, call loans against acceptances 4, time loans firm at 49 5 for sixty and ninety days, 43 5 for four and six months, prime mercantile paper 4. Two private crop estimates appeared: 14,860,000 and 14,587,000 bales. One authority put ginnings to Oct 18 at 9,684,000 bales. exports for the day 64,638 bales.
Cotton goods in New York see unfinished lines with limited late deliveries and steady finished goods prices. Yarns move faster while burlap ship disasters boost weights. jute climbs to 17 pounds 10, raw silk steady. Foreign wool auctions rise 10 percent abroad lifting domestic tone.
Polished hard coal has been employed as a substitute for jet in the crafting of decorative rings. The material’s shine and malleability allow similar appearance and form when shaped by jewelers.
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