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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Jun 27, 1925
Page
5
The town market was light with an unsettled butter market. Buyers showed interest in the medium grade butter with June futures demand. Centralized cars scoring 89 and 90 points sold in good demand but were closely held. Fresh 92 score central 0 score Abe.
Cartatructive foroes assumed control of tha write movement in todays market lifting st ob of the harrow trading area. General Motors led gains with a three point rise to a new high, while American Can boosted the standard industrials and Canadian Pacific rose on railroad committee recommendations.
New York June 26 bond prices moved in a dull fashion with buying slowed by uncertainty. The market showed a cautious tone as investors awaited directional cues from Washington and forthcoming economic data.
United States government bonds closed with Liberty and Treasury issues showing mixed but firm prices. Liberty 3% at 100.30, Liberty first 4s at 102.23, Liberty second 4s at 101.18, third 4 ½ at 101.30, fourth at 103.80, Treasury 4s at 102.29, Treasury 4 ½ at 107.25.
New York June 26 report shows the Py-Cal money firm filing 6 with a 434 rating and a 4 percent closing bid. Offered 5 percent with last loan at 6 percent. Call loans against acceptances steady at 4. Time loans for 60 to 90 days at 3 percent, 3 to 4 months at 3 and 4 percent. Prime commercial paper at 3 percent.
June 26 foreign exchanges report irregular quotations in New York stocks. Listings include Allied Chemical American Can American Car Foundry American Locomotive American Metal, Anaconda Copper, Pacific lines, Bethlehem Steel, Canadian Pacific, Consolidated Goldfields, and various utilities and rail firms.
The report lists commodity and currency quotes across nations with high demand for bulls and firm hog and lamb prices. Bulls command $10.50 to $11.50 in many lots while meat markets show steady to rising prices for sheep and fat lambs. Receipts include 22 000 hogs and 10 000 sheep with varied bidding and holdover stock noted.
The Boston wool market edges up with stronger domestic wools and brighter demand from Australia. Delaines stay strong at five to grease, short wools rise slightly, fine clothing at 46 cents, half-blood at 44, and foreign wools showing buyer activity with listed price changes.
In Chicago area livestock trading, week end activity showed a range of grades with snare and lower medium to good yearlings in demand. Steers and yearlings sold around $12.40 to $12.60 per cwt with heavies near $12.00. cows mostly $5.50 to $9.50 and fat cows up to $7.60. Heifers mostly $8.00.
Public auction to the highest bidder at the Mercer County Court House in Princeton West Virginia will sell the South Pocahontas Coal Company deed of trust property. Trustee J Lilly will foreclose for 975000.60 due plus interest after default. Leasehold mining estate and improvements in Wyoming County are included. July 1985 at 10 00 AM.
Chicago wheat moved irregularly with July at 2.52% to 1.614 and September at 1.49% to 1.50. Corn rose about 1% while oats and provisions slipped on rain impacts. Reports from Canada and damp conditions weighed on sentiment.
Seed and feed prices listed for wheat cash No 2 red at 1.76401 78 Clover weed cash 16560 in October 314 75 December 1440 Alatke August 1450 Timothy seed cash 370 September 415.
New York dairy market briefing shows butter production at 17 640 pounds with centered creamery output and 92 score extras. Rennet and cheese receipts indicate 219 125 pounds with Pacific coast whites and Chicago trading noted.
Central Trust Company trustee will redeem and pay called First Mortgage Gold Coupon Sinking Fund Bonds of Princeton Power Company at its Charleston West Virginia office. Interest through July 1 1985 and redemption values per denomination are listed. Present and surrender unmatured coupons or bonds for payment. cease after July 3 1986.
In New York during June markets for dry goods showed moderate business. Cotton goods and printed wash fabrics sold actively with mills paying higher advances. Raw silk and silks remained strong at retail though quieter in first hands. Wool markets strengthened with broader domestic demand. Additional tropical woolen items were to open next week amid steady burlap prices.
Real estate transfer notices show I W Young and wife to Cora V Whitt for lots 9 14 16 at New Midway Blue field with $1. A O Watts and wife to M C Hazlewood for part interest in section 14 Bee Addition Prince on with $3 700 Join Davis to Sidney Hel Winner for 202 acres Grays Branch valued at $5 000 Princeton Land Company to Chas W Johnson for lot 11 section 56 Hoyser Avenue Princeton with $526 Carland Development Company to N H Long for lots 57 and 56 Black 6 Glen.
A series of property conveyances is recorded including Wm Ross to Mary D Becker in Bluefield for 1800, N H Long to C W Sneed in Glenwood for 5,000, Mateaka Realty to J C Spangier for 450, Crockett to Honaker in Bluefield for 2975, Burgess parcels in Bluefield for 4300, and Wessum to Burgess for 1080, Tracy Walker to Crockett in Bluefield for 4250, and Crockett to Elizabeth Mustard in Bluefield for an undisclosed lot.
Live poultry shows steady to firm demand with Brottera by freight at 30 42c and by express at 28 46c. Dressed poultry hold firm with old roosters listed 14 19¢. Reader note includes unrelated dialogue and quotes about staying at a house and a proverb about the world being a stage.
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