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Bluefield Daily Telegraph in Bluefield, West Virginia

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Newspaper

Bluefield Daily Telegraph

Location

Bluefield, West Virginia, United States of America

Date

Jan 07, 1925

Page

19

Stock rally driven by stimulus and dividends boost market

New York stocks rose briskly as lower money rates and higher dividends lifted demand. Atchison and American Smelting and Refining led gains with 1 to 6 point increases. New York Central touched a 15 year high before retreating. Bethlehem, U S Steel, Reading, Union Pacific, Southern Railway and others posted notable advances amid broader market strength.

New York Atchison Railroad American Smelting and Refining Company New York Central Lehigh Valley Missouri Pacific Norfolk and Western Reading Southern Pacific Union Pacific Southern Railway St. Paul Denver Rio Grande and Western Louisville American Car and Foundry Brok General Electric Sears Roebuck Universal Pipe U. S. Cast Iron Pipe Assoiated Dry Goods Atlantic Refining Brooklyn Edison Fisher Pody Vir ' Iron Creel and Coke Westinghouse Air Brake Punta Alertesuear Atchison American Can American Can and Foundry American Locomotive American Ne Ataicnal Baldwin Cisney Ic Baltimore and Ohio Central Geere Ge Chesapeake and Ohio Canadian Pacific Cuba Davidson Chemical Ometeeckes Ae du Pont de Nemours Ansaves Seteces Besvtien Famous Players Lasky General Asphalt Eebeeeses Cesceseere General Motormove Great Northern Preferses Ceuiweedee Gulf States Houston Hudson Motors Ee International Harvester Fe Int Merchant Mar Invincible OU Kelly-Sprield San Francisco Sionwt Seaboard Air Line Northwestern Chi. i Babe Chicago RK. I. and Pacific Upper Kennecott Nashville Rock Cesecsas Avisese Matland Ol Maxwell Effers Mexican Seaboard Senate Missouri Kansas Texas Montgomery Ward National Biscuit National Lead N. Y N. H Hartford Sinclair Consolidated Sloss-Sheffield Steel

Bond market shows firm tone as funds rise and prices gain

New York bonds firm as call funds retreat to three percent and time money offered at lower rates. buy orders rise across high grade and speculative liens. Railroads rally on anticipated February refunding decision with six issues up one to two points including Iowa Central 5s and Minneapolis and St. Louis 5s.

New York St. Paul

Debt market nudges higher amid sugar issues and iron loan news

Bonds rose sharply with cent bonds advancing 138 points while Eastern Cuba and Manati sugar issues firmed in sympathy. Copper prices recovered over five points from yesterday, and attention turned to a $12 million loan for August Thyssen Iron Works as negotiations near completion amid higher state and municipal issues.

Cuba Manati Vagina Copper

Sugar market eases on larger offerings and lower futures

The raw sugar market declined as offerings rose and 15 000 bags of Cusan sold for prompt delivery at 4.59 cents. Bearish European crop news and spot market pressure pushed futures down with January to July prices mostly lower. Refined sugar remained easy, down about sixty points, while the broad list stayed varied.

New York

Refiners Hold Fast at 6.50 on Prompt Granulated Shipment

Demand remained tight as refiners quoted 6.50 for prompt granulated product with one refiner offering 6.25 for shipments after January 12. Nearly all refiners were accepting business at 6.50 with futures acting nominal.

Dry goods market quiet with minor price easing reported

Cotton goods were quiet with slight price easing on some print cloths and sheetings. Burlap markets steady with weaker prices in Calcutta. Wool goods quiet as buyers resist higher prices. Raw silk firm with crepes in plain shades and printed effects in demand.

New York Calcutta

Wheat Prices Rise on Strong Export Demand from Europe

Chicago grain market reports a rally as broader export and milling demand lift wheat. About 2,000,000 bushels of mostly domestic wheat were booked for shipment to Europe. May futures rise to $1.77 7-8 and July to $1.54 3-8, with corn and oats also advancing.

Chicago Europe

Dairy Market Report from New York Trade Desks

Butter unsettled creamery higher than expected 43 1 2 to 44 cents with extras 92 score at 43 cents. Butter fats 8 to 91 score 38 cents. Eggs steady to firm. Pacific coast whites extras 66 1 2 to 67 cents. Cheese and flour markets firm.

New York Pacific Coast

Poultry Prices and Train Freight Rates Quoted

New York January 6 reports show live poultry irregularities with chickens sold at 28 to 30 cents by express and fowls colored by freight at 35 cents. The text indicates variable rates and brisk movement by express delivery.

New York Express

Poultry Prices Mixed by Market and Grade

Prices listed for dressed poultry and fowls across categories including leghorns by freight and express, and western and south western turkey lines. Frozen items show varied quotations with cents per unit.

Freight Express Western Southwestern

Livestock market report from Chicago recalls mixed cattle and hog trends

Cattle receipts 16,000 with beef steers and yearlings up 15 cents, better grades steady or softer, bulls weak to 25 lower, calves steady while stockers higher. Hogs receipts 76,000 with prices 15 to 25 cents lower, light weights hardest hit, top at 10.95 and various weights trading around 10.00 to 10.75 themes.

Chicago

Market Report Sheep and Lamb Quotes Improve

The market shows tighter supplies with fat lambs 50 to 75 cents higher and bulk prices from 17.50 to 18.25, top 18.50. Fall clipped lambs around 14.50, fat sheep up 25 cents, bulk ewes 8.50 to 9.75, feeding lambs strong with most sales 16.00 to 16.50.

Speculators Force Advance In New York Market Rally

Speculators regained control of the New York stock market with a brisk rally led by railroad shares as the average rose to a seven year high. Volume reached about four million shares after yesterday’s shakeout and reduced call money rates. Improved technical position followed dividend increases by Atchison and American Smelting and Refining, plus Punta Alegre Sugar common payments.

Vertible Reading General Punta Alegre New Yor Atchison and American Smelting and Refining Company Punta Alegre Sugar Company

Stocks Rally on Smaloyes Shares as Dividend News Hits

Smaloyes shares climbed to 124.25 on the floor, the highest in fifteen years, then closed at 128 1 2, up 13 4 points for the day. Atchison rose to 122 but slipped to 119 5 8 after profit ratings shifted following dividend action news.

Sts Smaloyes Stock Exchange Atchison

Grain prices and bids in Toledo market report

Wheat cash 1.91 1.92, cloverseed cash and new and January 19.50 February 19.60 March 19.60 bid. Alsike cash old 13.10 new and Jan 1328 March 513.25 March 13.45 asked. Timothy cash and Jan 3.55 March 3.45.

Toledo Ohio Timothy

Hearing on Application Big Dam Is Continued

The West Virginia Power Company’s request to build a hydro electric dam on the New River near Hinton was continued indefinitely by the Public Service Commission. The hearing, originally set for January 8, was postponed by agreement of counsel for both the applicant and the protestants.

Charleston W. Va Public Service Commission West Virginia Power Company New River Hinton

Also Mentioned on This Page

Cae Iowa Central International Great Northern Adjustment Erie Minneapolis and St. Louis Norfolk and Western Con Bluefield Virginia Bluefield Trust Co Iife Westen East Radford East Hadford Bristol Norfolk Lynchburg Philadelphia Hagerstown Roanoke Shenanp Williamson Kenova Cincinnati Columbus Jumbus Cincinnat Gleeper Portamouth Gary Welch Norton W. J. Wiley Coal Property Bluefield, W. VA First National Bank Appalachian Power Eenenee Blackwood Lumber and Ar. R. Co Jontly Peteld Trust Co Aware ‘Co Bre Valley Puel Co Freckles Blosser Tag Bloo NEA Service Inc Sarah Peabody Holder — Newt Shes Stovall G. P. Stovall First National Bank Building West Ridge ST Spring Street Bowser Street O. Lamb D. E. French R. L. Bailey Secy-Treas Essex Street Penn-Mar Ave View Avenue Union Street College Avenue Giles Street Lee Street Bluefield Ave Virginia Realty Co Federal St L. H. Layne B. W. Dillon Bluefield National Bank Bluefield National W.va Advance Again Isaac T. Mann James Linco A. J. McBride Mgr O. L. Alexander D Jones Thomas F. Farrel H. R. Hawthorne Ales Pocahontas Fuel Company Pocahontas Tidewater Great Lakes United States AL Ee Coal Peel Company Ana Ae Eae Eewe Lomarnete Pocahontas Fuel Ees Incorporated Broadway Gr Ranch Geriins Orfolk Mass Tade Vic Muncinnati Orton Lambert's Point Sewell’s Point Newport Mews City Pliers Sandusky London Agfa MOXEY Bavon & Co, Ltd Lime Street Square FE. C England Italy Henry Cor & Clerici Piazza Matteo Geneva Pocahontas Fuel Co., Inc Pecahontas Watkins Scott Western Union Lieber’s
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