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This newspaper page contains 12 articles. Subscribers can read the full text of each article.
Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Oct 20, 1925
Page
12
The market shows a persistent accumulation of rail shares and a sharp rally in motor shares. The general average rises to its highest level since the war as total trading nears 2.6 million shares, with Norfolk and Western among notable gainers and irregularities in industrial development observed.
The report details weekend buy orders lifting several issues while a bear attack trimmed major names. General Motors fell to 124% with a 2 5/8 point loss, Studebaker to 60% down 3 1/8, and Hudson to 93% down 2 3/4. Rail shares rose as New York Central hit 127% and Louisville and Nashville rose to 124% with other rails up 2-5 points. A bank in Bluefield announces a new room and a home savings bank giveaway for deposits of ten dollars or more during opening days.
Trading in bonds today reflected stock market fluctuations with railroads showing mixed signals. High grade rail shares bought heavily while investment rails drifted downward. foreign bonds moved in small fractions as demand surged for French and German issues. German Reichsbank head arrival sparked talk of loans though gains were modest.
Liberty bonds closing values listed for New York on Oct. 19 show Liberty 4%4s at 99.27 with 48 and 190.5. first 4% at 101.27, second 4% at 100.24, third 44a at 101.2, fourth 4% at 1024. Treasury 4s at 103 and Treasury 4s at 106.12.
In New York on October 19 irregular quotations show Great Britain at 483% and 4841/16 with 40‑day bills on banks at 4807/16. France at 4.40, cables 440%. Italy 2.99, Germany 23.96, Holland 40.13, Norway listed.
A fragmented numeric string lists several country and city names with decimal values and percentages. The readable items include Sweden, Denmark, Switzerland, Spain, Greece, Poland, Czecho- Slovakia, Jugo-Slavia, Austria, Romania, Argentina, Brazil, Tokyo, Shanghai, Montreal with varied figures following each.
Call money in New York on October 19 remained steady with the ruling rate at 5 percent and bids at 4 percent. Time loans were easier with 60 to 90 day maturities at 4 percent and 4 to 6 months at 4 percent and prime mercantile paper reported at 4 percent.
Wool trading in Boston opens with a fair tone. Demand has broadened from mills though actual sales are possibly down. Prices overall firm with strength in medium domestic and South American wools. Scoured wools show higher demand as mills buy. Good quarter blood combing wools sold locally around 65 cents clean or higher depending on lot.
New York sugar market today showed a softer undertone with increased offerings. Cuban and duty free sugars appeared near 2.83 duty paid and some at 3.80 with light demand and no sales. raw sugar futures slipped on broader selling for Cuban and European accounts amid liberal spot supplies.
Final prices lagged last week with declines from one to four points while near month lows marked the season. December closed at 2.03, March 2.18, May 2.29, and July 2.40. Refined sugar prices remained unchanged 6.05 to 6.20 for fine granulated with only light demand.
Cotton goods buyers today in New York showed restraint on large purchases amid cautious demand and uncertain market conditions. Trade sources note cautious sentiment across mills and wholesalers as they assess price trends and need for stock replenishment.
Prices may dip as print cloth sales see small concessions while finished goods hold steady and move on past orders. The spring carpet and rug season starts November 2 with quotes on prices, terms, and new goods. Burlaps stay steady in Calcutta and locally, with distributing centers reporting strong movement in dry goods.
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