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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Jul 07, 1925
Page
10
New York trading resumes after a holiday. motor and merchandising issues push to new peaks amid strong volume above a million shares. Mack Trucks and Montgomery Ward drive gains while United Cigar Stores weakens. railroad issues, bonds, and European loan talks frame broader market tone.
Bond market shows firm tone with money rates relaxed and midyear credit strain removed. Trading resumes after the holiday with pockets of activity and rallies driven by developments such as the Virginia-Care reorganization and the Conde of 1937 issue. Total bond sales reach 8,837,000 dollars in New York.
W J Welby, ticket agent in Bluefield West Virginia, broadcasts train departures at 7:45 a m with services to Fast d and tocal stations via Radford for Bristol. Sleeper and dining options link to Lynchburg and New York while Roanoke and Norfolk local runs offer additional routes.
United States government bonds closed with Liberty 3% at 101.2 and other issues trading mixed. Liberty fractions and Treasury issues show varied quotes around 101 to 104 with small movements noted for Liberty second and fourth issues and Treasury notes and bonds.
Call money easy with high and low around 4 and closing bid 4. Prime commercial paper quoted at 34 with 4 and 3 patterns. Time loans steady and mixed collateral for 60 to 90 days at 32 to 72 percent. Call loans against acceptances 32 percent.
New York July 6 foreign exchange markets show steady pound and dollar demand. Quotations cover Great Britain 185 11/16, cables 4.86 percent 60-day bills 48 percent. France 4.71 percent demand 4.72 enables, Italy 6.75 demand 3.75 cables. Other currencies listed include Belgium 4.70, Germany 23.80, Netherlands 40.04, Norway 18.16, Sweden 28.77, Denmark 2067, Switzerland 19.40, Spain 14.54, Greece 1.64, Portugal 1.74, Rum i a 46, Argentina 40.37, Brazil 11.00, Tokyo 40, Shanghai 78, Montreal 1990.
Livestock receipts: cattle 21 000 hogs 32 000 sheep 26 000. Cattle bids steady to lower with top heavy steer prices around 13 75 and yearlings 13 50 to 13 70. Hogs open up 15c to 25c, end dull with typical buys. bulk 140 175 lb 14 25 to 14 65. Sheep fats lambs noted with strong demand in parts of market.
A crowded list shows Allied Chemical and Dye, Bethlehem Steel, Canadian Pacific, Central Leather, Cerro de Paseo, Chesapeake and Ohio, Chicago and North Western, Coca Cola, Colorado Fuel, Consolidated Gas, Consolidated Goods, Corn Products, Cuba Cane Sugar, Davison Chemical, DuPont, General Electric, General Motors, Gulf States Steel, Hudson Motors, Illinois Central, International Harvester, Kennecott Copper, Lehigh Valley, Mack Truck, Missouri Pacific, Montgomery Ward, National Lead, New York Central, Norfolk and Western, Penn Central, Pennsylvania, Reading, Radio Corp, Westinghouse, and others with varied percentages among 61 to 98 percent. The roster reflects a broad market snapshot without a single decisive move.
Prices show lower bids with feeders steady and prime lots selling around 15.95 to 15.05 per hundredweight. Natives range 14.50 to 14.75 with occasional loads 15.00 to 15.25. heavy lambs 5.00, yearlings around 10.26.
Chicago reports a late market rally after news of a liberal reduction in U S visible wheat supply. Wheat closed firm at the day’s top level up 1e to 24e, September at $141% to $1414, December $1.49 to $1.43%. Corn held or slipped, oats rose %, and provisions showed mixed gains.
Wheat cash at 1.60 to 1.61. Clover seed cash 16.15 with Oct bid 14.65 and Dec bid 14.25. Alsike August 14.00 asked and December 12.90 asked. Timothy seed cash 3.70 with September 4.00. June 6 Toledo seed prices.
New York July 6 live poultry prices listed with no quotations. Dressed poultry irregular. Chickens fresh 20 to 40 cents per pound. Chickens frozen 25 to 42 cents. Fowls 24 to 35 cents. Old roast 14 to 20 cents. Turkeys frozen 30 cents per pound.
Butter prices stayed firm across grades in Chicago with strong inquiry for medium and lower scores. 92 score butter traded around 41.5 cents, advancing to 42 cents as futures rose. Dealer stock was light and firmly held while the centralized car market showed good demand for 89 to 90 score futures.
The raw sugar market slipped with spots down 1/32 to 4.27 duty paid. Reports show 5 000 bags Cuban prompt at 4.30 and 20 000 Cuban in port at 4.27. Futures held firm late, with July 2.56 and December 2.79, amid dull spot activity and a late purchase of 20 000 bags in port at a similar price.
Dry goods markets in New York were quiet with primary houses busy handling after holiday mail. Cotton goods trade hesitated while tracking government crop estimates. About 75 percent of wide print cloth production is already on order for July and August delivery.
Cotton goods with rayon blends return for spring while Varna holds steady and Calcutta burlaps rise. Wool centers show optimism as tropicals trade boosts retail clothing and Yokohama activity supports firmer local bids. In Boston on July 6 the wool market trades are subdued by holidays and London’s open, with prices flat but a firming tone and expectation of Merino gains.
Editorial urges all citizens especially colored voters to register and cast ballots in the city election. Warns against rumors and calls for calm, reasoned choice among ten candidates, stressing home, family, and community impact over party rhetoric. Notices personal travels of Mrs Burks and Mr Shorts, plus a report on Independence Day events in Pearisburg and a ball game featuring Eggleston.
Desota cafe and restaurant announces new management and current operation. Rooms for rent with hot and cold water in every room in a three story building on Wilson street managed by Spurgeon A. Smith.
Mrs. Mary Hale improves after serious illness. Mrs. Anne West of Fayetteville visits, returns home. Mrs. D. G. Morrison visits Norfolk. Mrs. Elizabeth Creasey of Stirrat and her children weekend guest. Infant daughter of Mr. and Mrs. Herman Hobbs recovering. Miss Minnie Peery of Summit City visits parents. Andrew Paterson returns from Washington and other cities to visit relatives. Harry and Beatrice Morgan and baby from Roanoke spend Fourth with Mason Mitchell family, depart on No. 16 train.
In Berlin a German inventor has perfected a device that times the echo from airplanes to the ground within one ten thousandth of a second. Separately, portraits of famous Germans will adorn the new postage stamps, but the ex-Kaiser's image will not appear.
May mine fatalities in the United States reached 181 with a death rate of 4.15 per million tons. Major explosions at Sanford, North Carolina and Peper, Florida drove the rise, while bituminous and anthracite sectors showed differing rates. Five-month totals show 930 deaths and 234,978,000 tons produced.
The American Research Foundation estimates the United States now burns gasoline at about 20 000 gallons per minute. The figure emphasizes the scale of daily fuel use and its potential impact on energy policy.
A sun dial installed in Druid Hill Park Baltimore is arranged to show the time in the principal cities around the world, allowing visitors to glimpse multiple time zones from one device.
Helena Mont July 6 Fort Union once a major northwest fort above Yellowstone river mouth is to be restored to educate visitors about western history. Montana North Dakota interest and rail leaders plan reconstruction with US government cooperation and a $25 000 budget. A July 18 mass meeting will align plans and acquire needed land in Montana and North Dakota.
Diki Diki the Moro dwarf of Jolo died recently in Zamboanga after a cold and pneumonia. At 37 inches and 26 pounds he was famed across the Philippines and Borneo, survived by widow Bunjung Fatuma, 35, 35 inches tall. Their highly noted wedding two years ago drew thousands. funeral followed Mohammedan rites. The piece notes US share of motorcycles and cars.
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