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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
May 01, 1925
Page
10
In New York trading, steels, equipment, motors, and utilities shares moved together amid broad buying. The session topped one million shares with gains across major names including American Locomotive, Southern Railway, and General Electric peers, as prices climbed to new yearly highs and a buoyant tone spread through public utilities and industrials.
Readable OCR fragment notes stocks and bonds and oval property entries. Main items reference stock data and property figures at earlier market reporting. Names and exact figures are unclear but indicate a financial listing or notices style from a historical page.
In New York on April day Oohler noted interest centered on the turnover of the Dodre Brothers issue amid a withdrawal of synthetic support. Prices drifted, with some bonds down a point, while the foreign group showed a firm undertone. Trading in metals and crude movements remained narrow and irregular as Mexican objections limited life. Major names across the stock list appeared with little clear trend, including Bethlehem Steel, General Motors, and Standard Oil, as investors paused amid the market’s uneven tone.
Closing prices for wheat were unsettled with gains near 1 percent from yesterday. May wheat rose to 1.62 and 1.5334, July futures at 1.419 with slight declines in corn and oats fluctuating. Provisions remained weak as demand cooled, with mixed movements across grains and futures.
New features of interest aside from waughal activity in Buffalo, Rochester and Pillsbury, which moved four points upward, Chicago and Alton dios moved up 14 points and Katy adjustment 53 extended their recent wuin. Many of the dealings in New York Central debenture dg were for cash to permit the completion of salesy in time for conversion into stock for which privileges expired to day. These bonds closed tractionally lower ail iosses also were recorded by Denver and Rio Grande general bs. Chicago and Northwestern refunding s, Frises advisaments, and North ern Pavifiers. Reports that a $100,000,000 Italian loan was being negotiated draw from lending international bankers & states ment that while Italy could readily be accommodated here, the flotation of bond issue was not Hkely for an other six months of apprear. Formal announcement was made that the Swiss confederation would redeem on August 1 all of its pre standing $20,000,000 three years per cent notes sold Were in M28.
Chicago livestock receipts show cattle demand firm with gains in heavy and yearling classes. Hogs run 26,000 with slow demand. price ranges include 11.25 to 11.50 for butcher weight, 10.00 to 12.00 for lighter and skimmed weights, bulls strong to higher, veals uneven but near steady.
The Mexican government announced a five months suspension of imports duties on American corn. The Federal Trade Commission announced a drastic revision of its publicity rates. A government inquiry into the prominence of Miss Mary Macenney is noted. President Coolidge was mentioned, with Irish support for compliance with a public health service recommendation. The government plans vaccination against smallpox.
Strong weight slaughter pies largely 10.75 to 11.00, shippers took 5000 holdover and 10,000 head estimated. Sheep receipts show fat lambs mostly 25 cents lower with bulk desirable handy weight from 15.75 to 16.00, down to 16.50 per weight. Clipped 79 pound lambs at 13.50, rounds 12.00 to 12.75, heavy shorn shoen 10.00 higher, 96 pound shorn wethers at 9.00, medium weight shorn ewes 88.25, shearing lambs steady, good weight around 14.00.
Raw sugar trades at 4.27 cents per pound delivered while refined and granulated sugar hit 5.00 cents. Dealers expect further declines as ample supplies from growing countries press on prices.
Wheat futures trading in Chicago showed expectations of lighter May delivery volume than previously anticipated as market activity reflected softer demand and potential oversupply. The report notes cautious stance among traders with prices not signaling a strong rally.
New York dairy markets show butter weak with 9,018 receipts and price ranges from 24 1/4 to 43 1/2 cents. Extras earn 42 to 43 cents for firsts around 40 to 41 cents. Cheese entries include 114,047 pounds with whole milk flats at 19 to 20 cents and stale runs around 18 to 19 cents.
Seed prices listed for Toledo in April include cash quotes for No 2 red wheat at 1.841 to 1.85 per unit and clover seed also offered cash, reflecting market quotes.
Transfers recorded include Walter Fink to Pearl Fink for Mountain Creek property valued at 10, Charley Wingfield to J. B. Al and wife for Bluefield lot 25 section 24 at 350, L Furr to D B Lott for four lots in Tnefield section 918 at 10, and J A Wade to T G Phillips for a Coopertown Bluefield lot at 600. Market notes mention irregulars in burlaps. raw silk stable with limited changes. linen inactive. outerwear trends. Year & Maid ill health affects work.
New York April 30 Cotton goods markets were active today with prices easing on colored cottons or drills sheetings and some of the convertibles. Prices continued dull for yarns and related fabrics.
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