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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Jan 27, 1925
Page
16
New York stock activity fluctuated and then slid as call money spiked to as much as 20 million dollars. Banks pared excess reserves, with time and commercial paper steady while industrials faded. US Steel and other names dropped. some oil and solvent stocks advanced on mixed signals.
A sequence of Essex Street listings presents multiple six and seven room homes on streets including Penn Mar Avenue View Avenue Union Street College Avenue Giles Street Lee Street and Bluefield Avenue. Prices range from 5 000 to 14 000 with terms and some properties featuring hot water heat hardwood floors and modern finishes plus a commercial property at 8 000 with rental income.
Live poultry prices listed for chickens broilers fowls leghorns roosters and turkeys by freight and express. Ducks and geese quoted with specific per unit cents figures for freight and express shipments.
A fragmented list of company names and percentages appears to reflect a volatile stock environment with notable values for American Sugar, American Telena Tel, United States Steel, Standard Oil of California, and Union Pacific among others. The document shows varied percentages signaling active trading and investor interest across multiple sectors and firms.
Real estate ad lists multiple houses for sale including seven room and six room brick homes with hardwood floors hot water full basements and large lots. Offers exchanges for smaller property or lots and notes no loan required with cash payment options. Houses advertised across town by Faris Real Estate.
Bond prices rose modestly led by oil stocks with several oil issues hitting fresh highs. Sinclair Consolidated, Skelly, and Pan-American Petroleum advanced one to two points to new peaks while Katy 5s showed strength. St. Paul 1925 notes slipped after news of a 1924 deficit, and others like Virginia‑Carolina Chemical and Wilson gained before broader weakness in Anaconda Copper and Wickwire Spencer. Proceeds from new issues include German General Electric debentures and a Siemens loan, plus American Beet Sugar ten year debentures aimed at funding acquisitions.
A note describes a ten year five per cent debenture issue offered at prices just under five and a half per cent to yield. It highlights the slight premium over par and the potential return for investors.
Chicago livestock prices show cattle receipts at 17 000 with feeders and yearlings up 50c on heavy weights and vealers down 50 to 75c on light stock. Hogs total 86 000 with steady to 10c lower margins. top 11.00 for explores, weights 240 to 300 pounds averaging 9.50 to 10.25. Sheep at 19 000 receipts slow demand with fat lambs 25c lower, bulk 18.00 to 18.25, yearlings 15.00 to 15.50.
Butter steady with creamery up slightly above extras at 38 1/2, 39, and 38 1/2. Eggs steady with fresh gathered extras at 57 68, firsts 55 56, seconds 52 54. Nearby hennery whites and closely selected extras quoted at 62 1/0.
Readable lines show prices for nearby and Pacific coast butter stock, cheeses steady with 78,005 pounds received. State whole milk flats and wheat milk flats report fancy to fancy specials, while average run prices edge higher at 24 25c per unit.
Wheat touched a new high at 1.9718 per bushel in Chicago trading as Liverpool buoyed buying but later eased on profit taking and corn weakness. May moved to 1.9638 1.9612 and July to 1.7038 1.7012 while corn and oats fell and provisions varied. Other prices listed include No 2 red wheat at 2.10, corn No 3 mixed at 1.14 1.83, oats No 2 white 0.57 0.58 1/2.
The raw sugar market in New York held firm with spots at 4.52 duty paid and 8,000 bags sold to an operator at 4.59 for early February shipment. Reports of Japan seeking Cuban raws sparked renewed buying, lifting futures to March 2.881 May 2.94 July 3.09 September 3.20, while refined sugar moved on a hand to mouth basis from 6.10 to 6.25 with futures nominal.
Seed and grain prices in Toledo dated January 26 show cash wheat at 2.12 1 2 and 2.13 1 2, cloverseed at 19.75 to 19.90 for January February and March, Alsike at 13.25 old and 13.50 new for January and 13.77 for March, Timothysseed at 3.20 January and 3.25 March.
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