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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Aug 29, 1925
Page
8
Ahern notes an official Canadian estimate overruns by 12,000,000 bushels, drawing focus amid limited impact. Final quotes show wheat down 1 to 1.5 cents with September at 1.55 dollars, corn up to 1.5 cents, oats slightly higher, and provisions up 2 to 3 cents.
Reading of Friday’s trading highlights mixed strength and weakness across stocks. The market opened strong on eased fears of a higher reserve rate, then retreated as bears pressured American Dan and select high priced issues, while rails and mid price stocks showed scattered gains amid merger talks and dividend expectations. Bond activity remained subdued with steady federal rate policy and selective gains in Mexican bonds and utilities.
A reader listing shows numerous stocks and coal companies, including Pocahontas Coal, Pocahontas Fuel, American Tobacco, Reading, Studebaker, Texas Company, Westinghouse Electric, Woolworth, and other major firms. Prices and preferred listings appear alongside common shares in a dense catalog of securities.
Commonwealth Power 6s and International Telephone 5s were among the favored issues in the public utility department, posting average gains of about a point.
New York government bond prices end session with Liberty 3s at 100.25 and various Treasury notes trading mixed. Second 4a at 100.8, first 4s at 102.6, third 4s at 101.18, fourth 4s at 102.11, Treasury 4s at 106.13 and Treasury 48 at 102.27.
Call money eased with highs and lows at 4 percent, closing and bid at 4 percent. Time loans remained firm with 60 to 90 day collateral at 4 percent, six months also 4 percent, and prime mercantile paper at 4 percent.
New York reports irregular foreign exchanges with dollar quotations in cents for nations including Great Britain France Italy Belgium Germany Holland Norway Sweden Denmark Switzerland Spain Greece Poland Czecho Slovakia Yugoslavia Austria Romania Argentina Brazil Japan and China Shanghai and Montreal and Tokyo. Currency values vary by demand and cable rates, with a wide spread across markets.
Seed Toledo reports cash wheat at 1.68 to 1.69 per bushel. Clover cash at 16.75 with futures bids 14.70 for December and 14.40 asked for March. Alaska December at 14.25 asked and 14.40 asked for March. Timothy cash at 3.60 to 3.70 with December 3.70 and March 3.90.
Cattle receipts 4,000 with a subdued trade and losses up to 60 cents under yesterday. Prices: bulk cattle $12.00 down, best yearling around $13.75, heavy Kansas steers about $9.20, Wisconsin weighty bulls $8.00, lots to packers. Hogs receipts 15,000 with opening bids 10 to 20 cents higher than yesterday’s average.
Weight in best demand with slow closing and scale around 210 pounds. Bulk good and choice cattle 140 to 210 pounds sold $13.25 to $15.50, top $13.60. bulk 225 to 100 pound butchers $12.50 to $13.20. packing sows $10.65 to $11.00. Sheep receipts 4,000. fat lambs active and scarce to 250, natives $14.50 to $15.25, feeder lambs steady at $14.50 to $16.00. fat natives $6.00 to $7.50. young native ewes $12.75, average 97 pounds. Shippers took 6,500 with holdover about 8,000.
Dairy prices and receipts shown for butter cheese and eggs with current make stocks. Butter receipts total 12 356 pounds with creameries higher than extras up to 45 45 1 4 cents. Eggs receipts 18 945 with whites of various qualities ranging 55 to 57 cents. Cheese prices listed as easy with 176 360 pounds received and milk flats trends 23 24 cents for fresh to fancy specials.
Chicago August wheat trading opened higher on news and broad activity then moved downward before settling at a loss. The market showed notable volatility with final prices lower than the session high, reflecting mixed influences and cautious trading sentiment amid news flows.
Williamson emerges as the center of a vast coal empire attracting trade from at least seventy five towns. Projections warn of future famines in Williamson as prices rise and an expected surge in real estate purchases follows a roughly one hundred percent price advance.
Cotton goods were bought in moderate quantities for nearby delivery and print cloth prices held steady. Finished goods remained firm with small lot purchases for quick shipment. Raw silk stayed steady on a higher basis while silk goods stayed active. Clothiers bought more fancy worsteds for spring and heavy worsteds for fall. Burlapa eased at Calcutta and was quiet locally.
New York sugar prices were steady as of Aug 28 with a firmer inquiry noted and buyers purchasing 560 000 bags of Cuban origin amid ongoing market activity.
Prompt and early September ship ment, 7 000 bags Philippines due mid September to local refiners at 4.40 duty paid. Raw sugar futures showed irregular trading with near months up on covering while later positions fell. Final prices rose modestly with September at 2.60 and December at 2.64. Refined prices held at 56.50 to 56.60 for fine grain with continued withdrawal demand as refiners lag on deliveries.
The Chicago butter market August 28 ruled steady for 92 score cars and firm for other grades. Light supplies, especially medium and lower scores, kept demand active with premiums in some areas. Centralized car market also firm with small premiums for high grade 8 to 90 score cars. Demand for 88 scores was fair but slow. Fresh 92 score sold at 42 1/2 cents and centralized 90 score at 42 1/2 cents.
Boston reports a nearly inactive wool market with dealers reluctant to sell below asking prices. Some wools have sold at lower figures while overall activity remains light. Only certain domestic lines such as Ohio three eighths and one-quarter blood combing territory and French combing staples show movement based on quotations.
Pi Live poultry firm reports dressed poultry steady with prices unchanged as of August 28 in New York.
Virginia Division of Markets reports for August 27 show Richmond supplies heavy demand moderate market weak with chicken and butter and egg prices listed. Jersey City receipts 1390 cattle incl 960 directs, calves 830 incl 430 directs with limited trading. steer top around 11.50, veal up to 15.50. Lancaster 150 cattle receipts.
Market inactive on all classes butcher stock with little early trading. Stockers and feeders slow and tend steady as bulk early sales run 5.25 to 6.50. calves steady with top dealers at 14.90. Jersey City receipts 2410 including 700 direct. lambs scarce, 25c higher, top 16.00, bulk 16.75, sorts 9.00. sheep steady 4.50 to 7.50.
Real estate transfers filed yesterday include Hale Land Company selling lots 6 and 7 in section 212 Bluefield to Osvaldo Clauter for 100 dollars and C R Underwood with wife selling lot 7 and lots 3 4 and 5 in section 19 East Princeton to H F Yost and wife for 10 dollars.
W M Edwards and wife transfer 8 acres at Pa Fork to P B Tarcy for 1200 dollars. H F Yost and Wood convey tract 22 near Princeton valued at 5 dollars. J C Wood and wife sell 33 acres at Twelve Mile Fork to A H Holdren for 400 dollars. Frank O Smith and wife move 2 acres at Christian Fork plus lots 13 and 14 in section 535 East Princeton for 1600 dollars.
The world’s largest rose bush near Alhambra is described as 50 years old with a base circumference over four feet and vines extending 126 feet. A note adds that modern London school desks are considered too small for today’s larger scholars.
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