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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Jul 04, 1925
Page
8
The centralized market remained firm with good demand for futures delivery. Sows bulk around 12 dollars, hogs up to 14 dollars, and estimates show 5,000 holdovers with 10,000 sheep receipts. Prices ranged 4 to 15.75 dollars for various weights and classes, with 89 to 90 score cattle in strong demand for future settlement.
A wave of holiday profit taking and forced liquidation, linked to the failure of a major exchange house, pushed prices downward on a unsettled New York market. Despite losses, some industrials and rails showed strength as pools supported favorites, with mixed rallies and notable moves in United States Steel, U S Radiator, and rail shares.
Investment note describes 5% certificates as safe liquid tax free with cash redemption on 30 days notice. Certificates may be purchased in installments as low as $1 per week.
New York traders faced preholiday dullness with subdued activity and tighter price moves. U.S. government bonds drifted lower on scattered profit taking, while foreign issues held a firm tone after news of potential debt funding talks.
Trading closed with mixed results as volume shifted among American firms and industrials. Notable moves included gains for American Sugar and American Smelting while United States Steel and General Electric showed varied performances amid broad market fluctuations.
Contrasts were supplied by advances in American Smelting 58, Commonwealth Power 68, Republic Steel 5s, Southern Pacific collaterals, and the heaviness of Pan-American, Sinclair and Skelly oil issues and a few of the low priced rail issues.
New York on July 3 reports United States government bond prices across multiple issues. Liberty 4s traded around 101.2 to 103.7, Liberty first, second, third and fourth 4s quoted between 100.10 and 104.12, Treasury 44s near 108.4.
New York July call money at 3.4 percent with high 4 percent and ruling rate 4 percent. Closing bid 4, offered at 4, last loan 4. Call loans against acceptances at 4 percent. Time loans firm with mixed collateral 60-90 days at 3 to 4 percent and 4-6 months at 3 to 4 percent. Prime commercial paper at 3 to 4 percent.
New York reports irregular foreign exchanges with quotes in cents. Rates show Great Britain 4.85% demand and 486% cables, France 4.68 both ways, Italy 3.66 demand and 3.57 cables, Belgium 4.65, Germany 23.80, Holland 40.02, Norway 18.09, Sweden 26.77, Denmark 20.58, Switzerland 19.39, Spain 14.54, Greece 165, Poland 19, Czecho Slovakia 2.86, Yugoslavia 1.75, Austria 14, Romania 46, Argentina 40.50, Brazil 1062, Tokio 40, Shanghai 784, Montreal 100.
Chicago cattle receipts hit 20 000 with steady to weak demand for lower grades and heavies sought for good to choice offerings. Hogs receipts 9 000 with open market active on better hogs, prices 14 00 to 14 50 for 135 to 160 pound stock and up to 14 50 top for 170 pound and heavier, packers’ bids uneven but mostly steady to strong.
The notice outlines first mortgage loans available in 5 and 10 year terms. It also mentions second mortgage loans offered under a monthly payment plan for borrowers seeking flexible financing options.
Chicago grain prices ease as unsettled brokerage failures and favorable spring wheat weather offset demand. Wheat futures close lower with September around 1.39 to 1.40 and December near 1.40 to 1.41. Corn, oats, and provisions move modestly, with grain receipts expected to rise for winter wheat.
Seed and grain prices listed in Toledo on July 3 include wheat cash No 2 red at 1.60 to 1.61. Clover seed cash 16.00 with October bid 14.55 and December 14.10. Alsike seed August 14.50 and December 13.80. timex seed cash 3.70 for September.
New York July 3 live poultry prices show broilers selling by freight 25 51c per pound and by express 23 32c. Fowls by freight 26 28c and by express 23 28c. Roosters by freight 5c. Dressed poultry steady with fresh chickens at 30 10c.
New York reports butter receipts of 16 060 while creamery grades run high with 42 42%c and 92 score creamery extras. Pacific coast whites reach firsts to extra firsts at 42 41c. Cheese receipts total 166 957 pounds. Chicago notes overall firm market with limited stocks and some 92 score butter traded around 41 cents. July futures slippage seen in late-day lines.
Public notice of a trustee sale for a deed dated June 10 1921 by Bir die Hayes to W B Ross to cover notes in Mercer County West Virginia. Sale set for July 20 1926 at 10 am at the Law and Commerce Building front door Bluefield with fortyeet frontage Clark Street and 154 feet depth to an alley. cash due day of sale.
The raw sugar market in New York was unchanged with light trading. Only sale reported was 10,000 Cuban bags due mid month at 4.30 duty paid, while futures eased little to steady with July at 2.55, September 2.68, December 2.80 and March unchanged. Demand for refined sugar showed no improvement with prices at 5.50 to 5.60 for fine granulated.
In New York on July 3 1926 dull gray cloth division prices held barely steady while bleach domestics showed active movement. Raw silk remained unchanged and quiet. Fall demand favored corded silks and new rayon lines were upcoming in worsteds and cottons.
Trading on the wool market is quieter due to a holiday tomorrow. Some stock moves at firm prices with good fine and staple territory at 1.36 to 1.40 for graded stock. Fine French staple quoted at 1.29 to 1.30. Good quarter blood scarce and prices a touch firmer. Listed prices unchanged.
The trustee will sell at public auction on July 7, 1985 at 10:00 a.m. in Princeton West Virginia the real and personal property of the Princeton Building Material Company listed in the trust deed dated January 11 1924 to secure a note for 9350 with interest and monthly curtailment. John Kee trustee will convey the lot with building and equipment including machinery fixtures tools motors engines and other equipment of a building material business.
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