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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Jan 10, 1925
Page
5
A broad upward move in stocks continued with Standard Industrial and Rail leading gains. United States Steel hit a high since 1977 while Baldwin, American Can, Studebaker and several rail stocks surged, aided by easy money and improving industrial outlook. Market breadth showed many issues advancing, with notable gains in Macy, Savage Arms, and several equipment, chemical, and railroad names amidst overall optimism.
New York trading boosted by falling money rates and January reinvestment demand. Rail and utility issues gained on speculative prospects as Chesapeake and Ohio, Norfolk and Western, New Haven, and other converts rose. Strong shows from standard gas and mining issues followed through with notable gains across several bonds.
Grain futures rose as London and Liverpool wheat quotes supported buying in Chicago. May wheat edged higher to 1.79 1/8, July at 1.64, with corn and oats up to near 1/2 cent and provisions down slightly. a broad list of stocks advanced in New York trading driven by commodity activity and optimism for broader demand.
Cattle receipts 5,000 with steady demand and mixed quality. Hogs receipts 50,000 with active bidding and price gains across weights. Sheep receipts 14,000 with fat lambs trading lower and fat sheep steady. Prices shown for steers cows bulls heifers and various hog weight ranges. Holdover estimated at 15,000.
New York dairy quotations show butter and cheese held firm with January shipment details. Raw sugar futures rose briefly on short covering and Cuban-linked buying before slipping on liquidation, closing largely unchanged with January at 2.77 and March at 2.76, while refined sugar fell about ten points.
The raw sugar market softened with Cuban offered at 4.5 cents duty paid, unchanged, while Porto Hicana offerings at 4.2 cents saw buyers reluctant. Local refiners bought 16,200 bags from Puerto Rican sources.
New York dry goods trade shows quiet demand in several active print cloths and sheetings. Yarns remain easy, wool flannels in good demand for dream goods, fine worsted yarns firmer. Raw silk prices sit at 135 cents per pound below this year's crop top as wholesalers report moderate wholesaler activity alongside retailers amid larger crowds.
Live poultry steady to firm with express prices for chickens, broilers, fowls and ducks listed. Dressed poultry firm. Old roosters quoted 16 to 23. Western and southwestern turkeys priced 32 to 43.
Seed prices listed for wheat and timothy show No 2 red at 1.93 plus terms January 9. A range of futures and cash bids appear with January February and March quotes. Alsike and mareh notes show various cash and ahead bids, reflecting grain market activity in midJanuary.
Essex Street listing offers a six room home for 5000 dollars with 1000 cash and 40 dollars per month payments. Also includes Penn-Mar Ave five room home 6260 dollars on easy terms and View Avenue six room home 9200 dollars with hot water heat.
The item lists phone contacts 202 and 298 for Federal Street and notes salesmen identified by initials LL, fidayne, and OW. The fragment provides limited context on purpose or date and lacks further names or actions.
New York January 9 speculators led a broad stock rally as about sixty issues rose to new highs in a year or more. The railroad index hit its highest in eight years while United States Steel climbed to the best price since 1917 amid heavy trading near two million shares. Baldwin and other industrials also reached elevated levels as easy money conditions and rising sterling boosted demand.
A fragmented list of brands and companies including Sears Roebuck Montgomery Ward Invincible OH Louisiaa Oil Nash Motors White Motors Fisher Body Famous Players Cota Cola Savage Arms and Certainteed Products appears with a stray score reference 152 points in a game context.
Heavy demand for refined oil products spurs large crude orders as domestic consumption remains high and exports rise, with crude stocks around 300.5 million gallons at end of November. U S common stock floats up 171,960 shares amid brisk trading while overseas holdings near four percent. Lowigeta Off opens January 7, closing higher. In other news Bluefield seeks bids for the Municipal Building project with a $204,000 certified check requirement and city manager notices.
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