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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Dec 10, 1925
Page
10
Prices moved in a subdued session with alternating rallies and setbacks. Union steel and industrials slipped while utilities and select stocks rose on dividend news, as traders followed profit-taking advice amid unsettled market conditions.
In New York on December 9 bond prices moved slowly amid restricted volume and unsettled stock markets. Industrials showed reactionary drift while railroads remained relatively firm. foreign obligations led by Brazilian issues saw profit taking. New financing plans include Goodyear 15 million dollars 5 percent notes and Hamburg American Line 6.5 million dollars 6 percent bonds with German bonds offered around 99 to 100.
United States bonds closed with Liberty 8% at 99.28 and first 4% at 101.29 while second 4% stands at 100.24 and third 4% at 101.2. Fourth 4% at 103.2, Treasury 40 at 102.31, and Treasury 444s at 106.9.
New York markets show easier call money with high 5 and low 6 percent, ruling rate 5 percent. Closing bids and offers around 6 percent, last loan 6, against acceptances 4 percent. Time loans steady with mixed collateral at 60-90 days 4 percent and 44 months 4 percent. prime mercantile paper at 4 percent.
Irregular foreign exchanges with Britain France and Italy cited. The report also lists numerous U.S. industrials and utilities including American Woolen, California Feathe, Pacific Gas, General Electric, Ford Motors, Northern preferred, and various rail and oil interests, reflecting a broad market snapshot.
A scattered data fragment lists several country names with numeric values and percentages including Holland 40.13 and Sweden 2674, Spain 14.26, Norway 20.29, Denmark 34.90, Greece 130, Brazil 14.06, Tokyo 43, Shanghai 77 percent, Montreal 99 31/22. The items appear as a mishmash of currencies or rates with inconsistent formatting.
Chicago grain markets show a notable upward swing with corn leading the gain. Speculative trading in corn intensifies as buyers expect the market to discount large price size, with May and December futures rising and oats also gaining amid varied provisions.
Buyers showed little interest as tone stayed steady and trading remained quiet. Heavy dealers were free sellers on top scores while storage offerings held at listed prices. Fresh 92 score at 49. 91 score at 47. Centralized 90 score at 46 and 89 score at 44 cents.
Chicago stockyard report shows receipts 26 000 cattle with fat steers 26c lower amid active trading and moderate holdover. Weighed cattle range with 140 to 180 pound cattle around 11.50 to 11.76 and 160 to 180 pounds near 11.25 to 11.55, while heifer and cow prices decline and feeders ease.
Butchers quoted ranges with bulk packing sows at 9.25 to 9.60 and killing pigs around 1.76 to 12.25. Shippers moved 6,000 head with another 6,000 held. Sheep receipts reached 14,000. fat lambs steady to 25 cents lower with 10 to 25 cent declines. Feeder lambs and fat sheep rose up to 25 cents, yearling wethers in narrow demand. top fat lambs at 17.25, feeder lambs unchanged. fat ewes to 10.25. yearling and aged wethers around 11.00.
Live poultry rates vary by method of transport with chickens and turkeys showing mixed prices. Dressed fowls sell at 17 1/2 cents per pound, while assorted live birds range from 18 to 42 cents depending on type and shipping method.
Mack Trucks plans to continue the $6 annual dividend after paying the 50 percent stock dividend. U S Realty authorizes 1,000,000 new shares with 666,457 exchange for 265,867 old shares. Alliance Realty declares 20 percent stock dividend and 2 percent cash dividend. Safety Car Heating and Light cites extra dividends of $2 and a $2 regular quarterly dividend payable December 23 with record December 14. American Sugar Refining buys property for a three-block Brooklyn refinery rebuild, to finish in 18 months funded from a 1925 reserve. West Penn Electric to consolidate American Waterworks and Electric Company subsidiaries. Bradstreet notes November building activity up 13.4 percent from October, higher than last year, with $290,493,300 in November authorizations across 164 cities versus October’s $335,692,017 and November last year’s $225,430,442.
The total expenditure authorized for the eleven months of this year stands at 3 565 822 295 dollars, compared with 5 009 557 842 dollars for the same period in 1924, indicating a significant year over year decrease.
The Seattle area reports the world's tallest smokestack, standing at 9 672 feet 10 inches high, emerging from a Puget Sound smelter.
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