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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Mar 19, 1925
Page
28
The report notes clothing demand slipping with smaller spot sales and steady finished goods. Silk fabrics and rayon mixtures show activity while long-term dress goods orders waver amid wage- agreement uncertainty. Linen orders taper as mills curtail output.
New York stock market began with a brisk rally in early trading on March 18 despite St Paul receivership but turned weak toward the close as selling hit rail and industrials. Volume topped two million shares as Am Can rose to 171 and Pan American Petroleum gained, while United States Steel and Bethlehem slid to new year lows amid broad weakness in rail and copper issues.
New York bond market reports St Paul Railway bonds sinking to record lows after receivership news. Prices of junior issues fall sharply while other obligations slip as grim financial readjustment and protective committee formations unfold.
Trading in rail and government securities showed weakness with Puget Sound 4s reaching a new low at 49 as other bonds declined. New York Central slipped while Missouri Pacific and others posted small losses. Wilson & Co. bonds rose modestly as Finnlands government seeks a $10 million loan in expected reorganization plans.
New York March 18 reports quiet poultry markets with no freight quotations. Dressed poultry remains steady and prices unchanged.
The New York raw sugar market remained unchanged with duty free sugars down and Cuban steady on the spot at 4.74. March shipments traded at 4.71 for Porto Rican and 2.85 f. o. b. Cuba for April shipments, about 4.77 duty paid. Futures fell one to three points on liquidation after spot weakness. March closed at 2.95, July at 3.18, September at 3.33. No list price changes.
Refined sugar prices ranged from 6.00 to 6.20 for fine granulated with refiners largely absorbing orders at 6.00 and one at 5.90. Refined futures traded two May delivery lots at 6.26, indicating active market interest.
New York dairy market shows butter steady while creamery butter and extras rise. Eggs fluctuate with firsts and storage packaged lots quoted. hennery whites and browns listed with varying percentages and regional references. Cheese section noted but not detailed.
Cotton goods markets in New York softened with unfinished lines and prints showing lower prices. Dealers noted lighter demand while manufacturers indicated modest price concessions on staple textiles.
Cattle receipts around 10 000 with fed steers showing the largest drop while top matured steers held at about 11 40 for 1452 pound lots. Best yearlings traded near 11 60 and bulk steer and yearling values ranged 8 50 to 10 50 with Montana loads at feeder prices about 8 25 to 8 50. Cows with Western consignments mostly 6 to 6 50 and feeder cattle and cows overall steady as beef heifers closed a touch firmer.
Classified notice offers two rent to own homes. A five room house on Penn4Var avenue priced at 5600 with 1000 cash and the balance as rent. An eight room house on Augusta Street in A-1 condition listed at 11000 with 1000 cash and 50 monthly balance, currently rented for 90 per month. Contact for details.
Six room brick house in Maryland avenue with hot water heat and oak trim throughout. A good home offered at 14000 dollars with 2000 dollars down and balance 75 dollars per month. Call us.
A seven room house on Bluefield Avenue marketed as a solid business investment. Priced at 7500 with 1000 cash down and the remaining balance payable at 60 per month. Rents expected around 65 per month.
New seven room house on Tazewell Avenue Bluefield Virginia featuring hot water heat and a full concrete basement offered at $12 500 on food terms Call us for details.
Receipts 18 000 hogs 20 000 sheep irregular market with heavies and bulls weak to midpoints. Beef heifers traded around 11.00 nine to eleven dollars with weights 605 pounds and packing deals 13.35 to 15.55 for various lots. Lambs mostly 25 to 50 cents lower with some loads up to 16.50 and 1475 for light weights.
The report notes lambs priced at 15.25 and 14.00 with about 25 unsold cars. Fat sheep are dull and around 0.50 lower, while good owes at 9.25. Feeding and shearing lambs trade 15 to 25 cents lower, bulk around 16.00 to 16.50, with a few at 16.75.
In Troy New York this year marks the hundredth anniversary of the detachable collar. The story recalls 1825 when Hannah Lord Montagu observed shirts stayed cleaner longer with detachable collars and cut the first one with scissors. The note adds that Britain spent about 500 a year to maintain prisoners.
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