Market declines as technical position spurs profit taking
Extensive profit taking and bear selling, sparked by theory of a weakened technical position after a brisk advance, check today's stock market gains in New York. Several issues hit new yearly highs before selling pressure trimmed advances while steel, gasoline, and utility shares showed notable moves and some manufacturers posted gains amid mixed trade news.
MENTIONED IN THIS ARTICLE
New York
Nash Motors
Montana Power
Montana
American
National 2S
Suit
Ginter
Mal Hinson
Simmons Company
National Dairy Products
Mack Trucks
Stromberg Bureter
Gardner Motors
Dodge
Rosch Magneto
Stewart Warner
Dan
Baldwin
New England
Houston
Gas and Pacific
General Motors
Hayes Wheel
General Baking
Coca-Cola
Frank G. Shattuck
Public Service of
New Jersey General Railway
Dupont Loews
R Schulte
Tidewater Oil
Atlantic Coast Line
Louisville
Bond Market Averages and Activity Report
New York August bond market firms with improved tone amid larger volume and narrow price moves. Notable gain in Chesapeake and Ohio convertible bonds to a new high on strong demand, aided by favorable railroad merger sentiment. Norfolk and Western and Denver and Rio Grande issues showed strength as utilities and industrials listed modest advances.
MENTIONED IN THIS ARTICLE
New York
Chesapeake and Ohio
Coolidge
Wall Street
Norfolk and Western Convertibles
Denver
Bond markets edge higher on U S notes and foreign issues
Pacific refunding 4s and Delaware Hudson convertible 58 closed higher while Worida Western and Northern 7s fell slightly. U S government issues were firmer amid smaller offerings. French and Belgian exchanges showed improvement with French bonds improving. Utilities held steady. Empire Gas and Fuel 7s showed a moderate decline amid August circulars from bond houses and investment institutions, with municipal bonds notably weaker.
MENTIONED IN THIS ARTICLE
Pacific
Delaware Hudson
Worida Western
Northern
United States
Empire Gas and Fuel
Livestock market report from Chicago trade totals and prices
Chicago livestock trade shows 12,000 cattle receipts with strongest demand for highly finished steers at up to 15.50 per 1,313 pounds. Hogs receipts 18,000 with prices mostly 25 cents lower. top 14.35 to 15.90 for various weights. Sheep receipts 19,000 with generally steady trade. native lambs 14.76 to 15.00, western sorts 15.00 to 15.25, culls 11.00 to 11.50.
MENTIONED IN THIS ARTICLE
Chicago
Shippore
Wheat hits season high then ends mixed in Chicago market
Wheat traded to a season high with May delivery topping prior records before selling pressure trimmed gains. Estimates circulated that the 1925-26 world wheat supply remains tight and the Canadian crop is only slightly larger than 1924. September and December wheat settled irregularly around $1.60. Corn and oats edged down while provisions moved in narrow ranges.
MENTIONED IN THIS ARTICLE
Chicago
Seed prices for Clover and Timothy announced
Clover seed cash bids show $17.35 for October $15.90 for December and $15.00 for December with Alsike December at $13.65. Timothy seed cash bids list $3.95 with September $4.35 October $4.15 asked.
MENTIONED IN THIS ARTICLE
Clover
Alsike
Timothy
Foreign exchange rates and quotations update
New York foreign exchanges show irregular movements on August 5 with centa quotations across nations. Cables and bills note varied demand and rate figures for Great Britain France Italy Belgium Germany Holland Norway Sweden Denmark Switzerland Spain Greece Poland and other markets including Argentina, Japan and Brazil.
MENTIONED IN THIS ARTICLE
New York
Great Britain
France
Italy
Belgium
Germany
Holland
Norway
Sweden
Denmark
Switzerland
Spain
Greece
Poland
Czecho- Slovakia
Jugo-Slavia
Austria
Rumania
Argentine
Tokio
Shandal
Montreal
Brazil
Sugar Prices Rise in Active New York Market
New York August 6 a much more active demand emerged in the raw sugar market with prices advancing 1/8 to 1/4 cent. Cuban and Porto Rican raws duty paid quoted at 4.33 per 100 pounds with prompt and August shipments comprising about 350000 bags for local refiners and an additional 28000 bags for an out port refiner.
MENTIONED IN THIS ARTICLE
New York
Real Estate and Local Industry Overview
The article highlights large scale activity in Williamson Field and Logan Field with millions of tons of coal shipped annually. It notes substantial spending on double tracks and local yards, wages paid by Norfolk and Western, and major investments by United States Steel and Ford interests. The office sells city real estate on cash and paper terms.
MENTIONED IN THIS ARTICLE
Williamson Field
Norfolk and Western
Logan Field
Pike County
United States Steel
Williamson
Fords
Sugar futures edge higher on active buying and firm raws
Raw sugar futures firmed as traders covered positions and bought on balance, with September at 2.68, December 2.74, March 2.81, and May 2.89. The market showed patchy gains with higher raw values supporting prices, though late-session moves were limited and some prices stayed unchanged.
MENTIONED IN THIS ARTICLE
Philippines
Price Update on Granulated Sugar Quotation Movement
Market notes indicate sugar quotes at six dollars and fifty cents for fine granulated grade with bids slightly higher by ten points, reflecting shifting demand. Traders observe minor volatility as buyers adjust limits in the afternoon session.
Wool Market Quiet. Demand Holds For Fine Wools
In Boston on August 6 the wool market shows quiet activity with seasonal sentiment. A fair amount of stock moves directly to mills and demand rises for three-eighths blood and finer wools. Australian wools of sixty four quality and below fetch fair prices, with prices otherwise unchanged.
MENTIONED IN THIS ARTICLE
Boston
Butter Market Steady Amid Quiet Demand on Low Grades
Chicago reports a steady butter market with buyers showing little interest. The 9 firm held the lower grades steady while centralized markets remained quiet. Fresh 92-score butter traded at 42 percent. centralized 0-score at 43.
MENTIONED IN THIS ARTICLE
Chicago
Livestock Quotations in Virginia Markets
Richmond August 4 quotations from the Virginia Division of Markets show light receipts and steady to moderate demand in live poultry with color chickens and leghorns priced around 28 to 34 cents per pound. Eggs remain steady at about 33 cents per dozen. country butter and packing stock quoted at 35 and 29 to 30 cents respectively. Calves active at 14.50 dollars, steers and bulls mostly slow, cattle 900 to 25 loads. Stockers steady, top around 8.50, bulk 5.25 to 6.50.
MENTIONED IN THIS ARTICLE
Richmond
Virginia Division of Markets
Jersey
Jersey City Market Delivers Mixed Feeds and Lamb Notes
Receipts total 8,870 including 2.99 directs with calves firm to top 13.25 and few selects at 13.50. Lambs steady to firm with top 16, Virginia lambs at 15.0 to 15.75, 142 head 64 pounds at 15.50, fifteen shed at 11. Sheep steady with light supply, stock 6 to 7 and culls to 2.50.
MENTIONED IN THIS ARTICLE
Jersey City
Virginia
Cotton goods markets mixed in gray with September delivery
New York on August 5 reported steady cotton goods prices with print cloths business for September on 9 1/2 cents for wide 64 by 60 inch. Denims moved more freely for near delivery while domestics sold in small lots. Yarns remained soft and irregular with raw silk unchanged.
MENTIONED IN THIS ARTICLE
New York
Silk cloak demand and fall textile bidding trends
The report notes steady demand for fall silks used in cloaks, with fall fines on worsteds for prompt shipments on the rise. Purchases were small in lots but numerous overall, dominated by men s wear fancies. Burlaps offered easier bids with lower prices and stronger insistence.
Call Money Market Report From New York
New York August 5 call money firm with highs and lows at 4 percent. Ruling rate 4 percent with closing bid 4 percent and offered 4 percent. Last loan 4 percent and call loans against acceptances 3 percent. Time loans firm with mixed collateral 60 to 90 days at 4 4 percent and 4 to 6 months at 4 4 percent. Prime commercial paper quoted at 4 percent.
MENTIONED IN THIS ARTICLE
New York
Gate Tragedy Kills Baby in Glencoe
In Glencoe Alabama Clarence Ballig slammed a gate onto his baby brother crushing the child's head fatally. The incident prompted police to investigate as a fatal family accident.
MENTIONED IN THIS ARTICLE
Glencoe
Clarence Ballig
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By Ahern
M Gogh
Nashville
Wabash
New York Central
Indus
Stes Eesevese
Eee Enne
C. B. Hancock
Bluefield, W. VA
First National Bank
Aracama_ Coal
Rm Valley Grocery
Fiveene Ivy
Gittle
I Creek Coal Co
C’m
Ash Coal Co
Moses Hyman
Welch, W. Va
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Radford
East ‘Ord
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Via
Roanoke
Pp. m.Loecal
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Loecal
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Colum
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Gary
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Wiley
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Ita
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Marland OF
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Williamson Daily News
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Alek
Come
FoRsEr
Udva Lan Yy
Cea
Bluefield National Bank
Bluefield, W.va
Cumberland Heights
Cumberland
The
Coalfields
C. ©. Frazier
Pocahontas, Ya
Easley-Wilson Company
Cumberland Heights, Inc
C. C. Frazier
Mgr
Commercial Bank
Bidg
Mortgage Service & Real
C. F. Lyda
J. G. Ridinger
Princeton
Community Loan Company OF
Bland Street
W. C. Neikirk, Secy-Treas
Isaac T. Mann
James Elwood Jones
Thomas F. Farret
A. J. McBride
Asst
C. L. Alexander
Pocahontas Fuel Company
Pocahontas
Tidewater
Great Poker
Pocahontas Fuel Company Incorporated
V.f.c
Vamptec Rende
Pocahontas Fuel Company, Incorporated
No. 1
Broadway
Orfo Va
Main St
Mass
Board of Trade Ridge
Traction
Portland
Maine
Pocahontas Wharf
Foot Moulton
West Virginia
Pocahontas Building
New Bedford
Hillman Street
Atlantic Coast
Lambert
Pomeneure Point
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Watkins, Scott's
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Lieber's
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