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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Jul 09, 1925
Page
10
Raw silk rose 10 cents a pound on Yokohama activity and modest U.S. buying. corded silks new lines are being purchased for fall. Burlap remains strong after jitters over the crop. Wool goods makers hold prices ahead of a new season as London prices stay steady. Trade in fabrics is quiet.
New York July 8 stock market extended gains on favorable trade news and easier money rates. Volume topped 1.25 million, with 32 issues hitting new yearly highs led by steel and non-ferrous shares. GM Yellow Cab merger news and auto price cuts dampened motors, while mining and chemical shares posted advances and new highs amid ongoing market strength.
Report of the condition of The Commercial Bank at Bluefield West Virginia close of business June 39 1926 shows total assets 1 147 294 80 with loans discounts 740 829 84 secured 785 08 and bank deposits 770 187 and total liabilities 1 167 396 80 including capital funds and reserves. Also Bank of Bramwell Bramwell Mercer June 20 1925 sworn statement lists assets 6 811 etc and liabilities 991 372 77 with notary public sworn.
A sequence of financial figures is listed under The Flat Top National Bank in Bluefield, including totals, balances, deposits, and other monetary items. The dense OCR text presents account values such as 100000, 161250, 261250 and many others, lacking context or labels for interpretation.
A reported drop in domestic crude output and a fall in Mexican production spurred speculative interest in oil shares. Rails led gains with Wheeling and Lake Erie among leaders, while New York Central and other high grade issues eased on profit taking.
In New York July 8 bond prices showed little change despite increased business. Money-rate relaxation spurred some buying, but profit-taking kept averages steady. Berlin bourse closed in protest over German bonds and German issues fell. Industrials led domestic issue gains as Virginia-Carolina Chemical bonds rallied in anticipation of receivership relief.
Report of the Condition of Bluefield Trust Company located in Bluefield West Virginia as of June 30 1925 shows Loans and Discounts 24215174. Other assets 41260 and WV bank balances. Capital stock 2000000. Bills payable 160000. Totals 34443745. Treasurer C Lunts sworn to the statement with notary public BR expires 1932.
American Petroleum 68 rose one to two points amid altered demand as $40,000,000 Central Pacific five per cent bonds were listed. Rail bonds like Louisville and Nashville 4% gained nearly three points, and Oregon Short Line 6% rose to 1%. Public offering of $13,500,000 Great Consolidated Electric Power Company of Japan bonds led by Dillon, Reed and Company. 25 year 6% gold bonds at 86 yield about 7.90%. Proceeds fund expansion of properties.
Chicago July 9 Wheat futures advanced as hot weather raised crop-damage fears from black rust. September and December each settled about 1.45 to 1.46 dollars, corn slipped slightly to small gains, oats fell, and provisions eased by up to 27 cents.
Domestic fleece wools continue to move at strong prices on the Boston market. Bled combing stock from New England and Northern New York has traded in sizeable amounts at grease for croded wools. Foreign lines capes show increased activity with a sizable stock sold at prices near recent quotations. Listed prices remain unchanged.
The Chicago butter market ruled steady on top scores with firm prices for medium and lower grades. Demand remained thin for 92 scores while 87 to 89 scores drew buying interest. receipts were smaller but overall supplies remained liberal. Centralized market stayed steady with premiums held and strong demand for 85 score butter. fresh 92 score and centralized 88 score prices noted.
In New York on July 8 traders hold back on cotton goods as uncertainty about future cotton prices dampens activity. Dry goods firms report muted demand with cautious selling and limited offers throughout the market.
The Community Loan Co offers 5 percent certificates described as safe liquid investments. They are tax free and redeemable in cash upon 30 days notice, with installments as low as one dollar per week.
Raw Cuban sugar stayed near 427 duty in New York with 10 000 bags in port at 4.27 and 20 000 bags for July clearance at 4.30 while Puerto Rican cargo traded around 4.27 delivered. July futures slid to 2.51 and 2.62 for September. December 2.75 and March 2.81 as refined sugar steadied 5.40 to 5.60 with weak new business.
United States government bonds closed with Liberty 3s at 101. Liberty second 4s at 100. Liberty first 44s at 103.3. Do second 4s at 101.12. Do third 4s at 101.23. Do fourth 4s at 1034. Treasury 4s at 104.6. Do 4% at 108.1.
Chicago cattle market July 4 reports 13,000 head with uneven demand. Valued steers sell around 13.25 and up, with some at 13.70 for best weights. Other classes steady or 25 cents lower, last week’s prices 11.50 to 12.50. Trade slow on lower grades amid downturn.
N and W RY lists morning departures from Bluefield to East Radford with connections at Fast Radford for Bristol. Sleeper and dining car service to Lynchburg and Cincinnati, plus local and through trains to Norf, Columbus, Charleston, and Kenova. Additional notes show times for Philadelphia New York service via Hagerstown and Roanoke Shenandoah dining car, with various p m and a m departures.
The page records mixed commodity tones with cattle and hog prices slipping and shipments sparse. It lists closing stock prices for firms like Montgomery Ward, National Lead, Radio Corp, and Northern Pacific among others, with several names and figures scattered through the column.
Cattle and hogs trade with bulk 228 to 325 pound hogs at 13.65 with selected 230 pound at 13.90. Packing sows 11.75 to 12.25. butchers sows up to 12.75. Shippers 2,500 head, holdover 13,000. Sheep 12,000 head steady with natives rising to 14.75 to 15.00. most culls 10.50 to 10.75. 125 pound lambs 8.00. Heavies 5.00 to 5.50. feeding lambs steady at 13.75 to 14.00.
Wheat cash quoted at 1.649 to 1.65. Cloverseed cash 16.35 with October 14.85 and December 14.45 bids. Alsike August 13.75 and December 12.25 asked. Timothy seed cash 3.78 with September 4.00 bidding.
New York July call money easier with a 3 to 4 percent spread. Ruling rate 4 percent. closing bid 3 percent. last loan 3 percent. Call loans against acceptances 3 percent. time loans firm with 60 to 90 days at 5 percent. Four to six months prime commercial paper at 3 to 4 percent.
Foreign exchange markets in New York hold steady with Great Britain at 4.85 percent demand and 4.86 percent on cables, sixty day bills on banks at 4.81 percent, France at 4.70, Italy at 3.69 with cables 270, Belgium 461, Germany 23.80, Netherlands 40.96, Norway 17.77, and Sweden noted.
A fragmented OCR style string lists multiple countries with numbers and percents. Entries include Denmark 20.47, Switzerland 19.41 percent, Spain 15.54, Greece 1.62, Poland 19 percent, Czecho Slovakia 2.96, Jugo Slavia 1.75, Austria 14 percent, Romania 48, Argentina 40.37, Argentina 40.57, Brazil 11.00, Tokyo 41, Shanghai 78 percent, Montreal 100. The meaning and context are not provided.
In New York on July 8, poultry prices show steady overall trading with dressed poultry weak. Fresh chickens move at 30 and 29 cents per pound, with fowls ranging from 24 to 34 cents.
In New York on July 8 dairy markets show unsettled butte receipts totaling 20 583 with creamer and extras firming, exes wear receipts 35 654, fresh gathered ex tra firsts 34 35 percent and firsts 324 33, Pacific Coast whites 45047, cheese steady with receipts 108 441 pounds.
A recent study from Los Angeles reports raspberries reaching sizes comparable to blackberries. Researchers note the berries can be cultivated successfully in California, expanding fruit options beyond traditional varieties.
In Paris a pipe smoking contest at a club ended with a man achieving 61 minutes of continuous smoke. The feat is not a record since a British competitor previously held an hour and 61 minutes in a similar event.
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