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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Jun 13, 1925
Page
16
Oil shares surged in a vigorous session lifting the general list. Trading broadened on easy money rates and upbeat trade signals with about 1.5 million shares changing hands, led by Independent Oil and Gas as it rose to 39 1 2.
New York June 12 bonds shown a mixed day with oils rallying on higher gasoline prices and strong finances of leading oil firms. St Paul junior bonds rose on news of a new railroad reorganization plan offering better terms. Other bonds edged down slightly, while sizes like 4s of 1925 and 1932 saw small gains. A $50 million Belgian loan was offered by a Morgan syndicate.
A list of stocks bonds and coal companies with small monetary values is presented, including Crysta Rock Coa and Coke Co Com 165.00 and Pocahontas Coal Land Co 25.00, along with several other firms and numeric figures. The text appears as a jumble of figures and firm names, lacking full context or narrative.
United States government bonds closed with Liberty 3 percent at 101.5, Liberty first 4s at 101.1, Liberty first 4s at 102.21, Liberty second 4s at 101.13, Liberty third 4s at 102, Liberty fourth 4s at 102.28, Treasury 4s at 103.11, and Treasury 4s at 107.14.
New York June 12 foreign exchange quotes show steady poise with British demand at 4 85716 francs, France at 4 84, Italy 3 96, and Belgium 4 74. Stock list features Allied Chemical, Anaconda Copper, American Tobacco, General Electric, Southern Pacific, and many others trading amid broad market activity.
Numerous makes of automobiles and drivers shown. The policy best for Jones may not suit Smith. We fit auto insurance to needs as part of our service and frequently save clients money on premiums. See us about your requirements.
A compact list presents various country and city percentages and values including Denmark 1884, Switzerland 19.41, Spain 14.58, Greece 169, Poland 19 percent, Czecho-Slovakia 2.96, Yugoslavia 1.75, Austria 14 percent, Romania 46, Argentina 40, Brazil 10.85, Tokyo 40 percent, Shanghai 77, Montreal 99 63 64.
Call money in New York on June 12 remained steady with high 3 percent and low 3 percent, the ruling rate 3 percent and closing bid 3 percent, offered at 4. Last loan 3 percent, call loans against acceptances 5 percent. Time loans mixed collateral 60 to 90 days, 4 to 6 months, prime commercial paper quoted around 34 to 4.
Cattle receipts 10 000 slow market buyers indifferent to grassy kinds best yearlings mixed steers and heifers 11 00 heavies 1050 handy weights 10 60 few plain natives unsold moderate carryover grassy cows and heifers light kind down to 2 50 vealers 8 25 9 50 to packers 9 00 9 50 outsiders mostly 9 00 hog receipts 19 000 opened fairly active 25 higher bulk 225 340 lb butchers 12 16 12 35 top 12 65 bulk 160 210 lb 11 86 12 30 majority 140 150 lb 11 50 11 90 bulk packing saws 11 10 11 50 strong remains.
Weight slaughter pigs bring $11.00 to $11.40 with a $7,000 holdover and an estimated $10,000 in holdovers. Sheep receipts around $10,000 with bulk desirable natives at $15.60 to $15.75, top $15.75. Sorting lights and culls mostly $10.50 to $11.00, yearlings scarce at $13.25 to $13.50, deck parts up to $15.60, fat native ewes and heavies $4.00 to $4.50.
New York reports butter steady with creamery items firm and receipts around 14 620. Eanes receipts 24 994. Nearby hennery whites and Pacific Coast whites show mixed extras. Chicago trade quiet with 88 89 scores moving slowly, centralized market firm with limited supplies and fresh butter at 42 43 cents.
Wheat on the Chicago board fell sharply on June 12 by as much as five and a half cents per bushel in some trades before recovering later in the session. Traders cited rapid moves and rumors as the market swung through midday.
Trading was unsettled as spring rains weighed on sentiment. Wheat finished mostly lower with July and September prices around 1.60 and 1.57 dollars, while corn and oats showed tiny changes and provisions varied between a few cents.
The raw sugar market was unchanged with about 100000 bags sold for prompt and June shipment across Cuban Philippine and Porto Rican origins. Futures eased on heavy liquidation while declines ranged from two to five points with July at 2.67 and December at 2.88. Refined sugar held at 5.50 to 5.70 with improved inquiry but only at inside level.
New York June 12 reports indicate southern mills will cut production by about 25 percent during the summer. The note references staple fabrics and wide print cloths as part of the anticipated slowdown.
Raw wool sales remained steady as domestic demand showed some buying. Coarse goods including sheetings and drills were prepared for August deliveries. Tropical suiting for spring 1926 will open early July, hindered by labor concerns in the garment sector. Silks maintained steady demand.
Wool trading showed modest activity with greased wool heavier stock and worsted threads noted. Prices held firm while Kelville Texas reports suggest ice related decreases. eight month wools mentioned as taken. World’s a stage.
The notice states eight months or up to 46c for twelve months with possible later adjustments. Prices are the same as yesterday except for fine combings quoted at 51 to 52 cents.
Cash grain values show wheat No. 2 red at 1.85 to 1.87. Seed prices list cloverseed cash 17.35 with futures 15.85 in October and 15.50 in December. Alsike seed quoted for August at 14.00. Timothy seed cash 3.80 with September 4.20.
Live poultry firm reports steady prices with broilers by freight 37 5c, fowls by freight 20c 26 32c, roosters by freight ivc. Chickens frozen 26 42c, other by express 50 45c.
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