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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Mar 11, 1925
Page
7
New York March 10 sugar futures eased with declines of 1/16 cent to around 4.77 duty paid. Cuban and Porto Rican shipments moved 30,000 bags at 4.81 and 25,000 at 4.77, refiners for prompt and March. Refined sugar largely steady to firm as futures softened and spot activity mixed. March 2.99, May 3.07, July 3.22, September 3.37.
In New York trading on March 10, weak mood spread as steel sector news failed to lift shares. Major issues including American Can, Baldwin, United States Steel and Nash Motors posted sizable declines, while some independents like Allis-Chalmers and Manhattan Electrical held firmer.
In New York on May 10 bonds fell amid unsettled markets and tightened money rates. Investors priced in unfavorable St Paul Railway funding plans, pulling the road’s bonds down more than two points to a two year low. Other rail issues and oil bonds declined, while a tentative Wilson & Co. reorganization plan prompted further selling of its 74 1 2 percent bonds.
A historical note states the treasurer has closed the offering valued at 450 million dollars in bonds and certificates, marking the completion of a major financing maneuver. The document references the large-scale public finance activity without detailing the issuing authority or jurisdiction.
Chicago grain prices jumped as much as 6 1/4 cents a bushel for May wheat on surprise government figures showing a wheat shortage. Profit taking then pulled prices back, leaving the market unsettled with declines of one to four cents.
Market data shows May futures at 1074 and 107 percent, July around 1.64 to 1.04, corn at 154 to 1 percent, oats recovering from a dip, and provisions fluctuating from a 10 cent drop to a 16 cent rise. Regional area notes hint at broad price movement and unsettled postwar commodity activity.
Butter receipts totaled 16,185. Eggs were steady with 47,116 receipts. Nearby and western hennery whites, firsts to extras, ranged from 40 to 44 cents. Pacific coast whites, firsts to extras, around 44 cents. Cheese market closing not fully stated.
Chicago, March 10 cattle receipts 9,000. Beef steers and yearlings steady to strong with limited top quality lots around 10 50. Best heavies 11 26, occasional loads 11.00 to 11.50. Cows 4 75 to 6 76, heifers 7 20 to 8 60. Yearlings around 9 00, loads near 650 pounds 10 00. Bulls weak to 16 lower, calves steady 11 50 to 12 50, outsiders mostly 12 00 to 13 60, stockers active.
Dry goods market in New York shows firmness for cottons and active silk and wool segments. Eastern ginghams demand prompts some order reductions to ensure prompt delivery while sheetings and drill fabrics improve. Raw silk eases slightly with tub silks and printed silks active. American woollines show advances from 7 1 4 to 1 // note: constraint requires concise two-line output. content preserved within limits.
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