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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Mar 25, 1925
Page
6
Market reports show Standard Industrial issues dropping one to five points as bears pressure railroad and utility shares. United States Steel and Western rails hit new yearly lows while many banks and industrials slipped. late session saw some intraday strength in General Electric and select independents.
New York bond market shows moderate gains led by high grade rails and Pan American 6s as investors priced in an anticipated restructuring at The Termattohat Paper Company, with about 16 million dollars of new bonds expected. Interborough Rapid Transit price volatility eases after yesterday’s drop, while railroad issues including St Paul, International Great Northern, Chicago and Alton, and Chicago and Terre Haute show buying interest amid improved outlooks.
Financial notes report a looming sale of 5,000,000 thirty year bonds by the Alpine Monta Steel Corporation of Austria priced to yield about 7.8 percent to investors. In sugar markets New York trading showed steady spot at 4.74 cents with futures easing on March liquidation amid light demand for raws and refined futures mostly unchanged.
In March 1924 Chicago grain prices fell as demand from Europe waned and export trade slowed. Wheat closed nervously with May around 1.00 to 1.04 and July near 1.46 to 1.40, corn down about four cents, oats off several cents, and provisions showing declines.
Live poultry steady to firm by freight and express. 600 lots moved. Lowels prices show 27 80e per unit by freight and 28 330 by express. Dressed poultry remains firm with fowls at 21 to 25 cents.
A fragmented day’s report notes brown goods and cloth items trading with weak showing and no explicit prices. Burlaps softened late while spotes held. wool and oil silk sales moved slowly, reflecting cautious demand in the market.
A fragment reports failled being cut up freely for summer costumers by Tearment manufacturers with no further context or details provided.
Reported entries include 10 000 cattle and yearlings with mixed weights and grades. Prices ranged from about 8.75 to 11.75 per hundredweight, with light and heavy weights showing different demand and activity levels.
Prices for 1 017 pound heifers and vealers hold steady with packers buying from Wilk at 9.00 to 10.00 and outsiders at 10.75 to 21.50. Hog receipts at 20 000 mostly steady to 10e lower, weights 220 pounds to heavy slaughter ranges 12.56 to 15.50. Fat lambs unevenly steady to 26 cents lower, 8 to 9 percent lighter, ewes $8.00, rams $15.00 to $16.00.
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