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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Sep 17, 1925
Page
12
Hog bids ranged from 11.00 to 13.30 with 4,000 shippers selling and an estimated 5,000 holdovers. Sheep receipts hit 22,000 while fat lambs stayed around steady and fat sheep and feeding lambs rose as much as 25 cents. beef slaughter pigs averaged 12.00. Prices for natives and feeding lambs varied with bulk movement toward desirable and common grades, and sugar prices remained unchanged at 5.55 to 5.70 for fine granulated.
Reports of intensified buying by railroads and heavy oversubscription of a German loan aided a broad market advance. Leaders included Chrysler at a near record, Mack Trucks and General Motors rising, with significant gains among chemical, steel, and motor stocks. Bond activity climbed as rail issues led the rise, while rail car loadings remained strong though below the prior week’s record.
A local financial notice lists stocks and bonds including American Coal Co and Pocahontas Coal with bid and asked prices. Items cover coal firms, hardware, and mortgage-related securities with varied quotations and values.
Bonds climbed after news that the St Paul reorganization plan would be consummated, with road bonds led by a brisk rally. Pere Marquette Chesapeake and Ohio Northern Pacific and Baltimore and Ohio mortgages also firmed as investors priced in the restructuring.
New York report lists international currency quotes with percent bids for Great Britain France Italy Belgium Germany Norway Sweden Denmark Switzerland Spain Greece Poland Czecho Slovakia Yugoslavia Austria Romania Argentina Brazil Tokyo Shanghai and Montreal reflecting steady demand and varied cables.
New York on September 16 reports easier call money with a ruling rate at 4 percent and closing bids at 3 percent. Last loan at 3 percent. calls against acceptances at 3 percent. Time loans firm with mixed collateral for 60 to 90 days and 4 to 6 months at 4 percent. Prime mercantile paper at 4 percent.
United States government bonds closed with Liberty 3a at 100.17 first 4a 101.28 second 4% 101, third 4% 101.12, fourth 4% 102.10 Treasury 4a 102.30 Treasury 44s 106.12.
Chicago stockyards report Sept 16 receipts 10 000 cattle with demand steady to strong. Heavies fetch top 16 35 a new season high while choice medium weights average 15 50. Yearlings 15 00 and light yearling heifers 13 00. Fat cows and vealers weaker 26 cents lower. Hogs receipts 13 900 mostly steady to firm with good to choice 160-220 lb at 13 30 to 13 55 and top 13 60. 240-326 lb butchers also in demand.
New York sugar prices show little change with Cuban duty paid raws at 4.21 and refiners cautious. A sale of 7,000 Philippines due early next year touched 4.21 as the market remained weak with positions selling into new seasonal lows before a slight late recovery. September 2.37 and December 2.43 local closes reflect subdued trading and absorber activity by Cuban-connected houses.
Butter firm with receipts 13 192 and creamery grades up to 92 score. Eyes firm with 18 440 receipts and fresh gathered eggs and storage packs showing 34 36 cents for firsts. Pacific Coast whites quoted 42 to 51 cents. Cheese prices steady with total receipts 120 093 pounds.
Live poultry firm reports Chickens by freight 28 to 29 cents, by express 28 to 34 cents. fowls by freight 26 to 30 cents, by express 23 to 24 cents. roosters by freight 18 cents. Dressed poultry irregular and prices unchanged.
Virginia division of markets reports Richmond prices for live poultry butter eggs cattle and sheep and lambs. Poultry and eggs show slight movement with moderate to steady demand, butter prices higher on packing stock. Cattle receipts and prices vary by city with steady to firm tones and mixed regional results for beef steers and calves.
The New York dry goods market report shows softer activity with good inquiry and buyers seeking concessions. The 64x608 print cloths were quoted at 9 1/2 cents to close, reflecting cautious bidding and limited spot gains.
The advertisement extols a persistent faith in a Billion Dollar Goal Field. It notes the coal business once viewed as royal blood but now shows recovery as scarlet corpuscles of success emerge. It claims to sell coal mines, islands, and real estate through Wall Street figures Edw. R. Juhling and Wm. F. Toney.
A steady tone at the Lon don wool auction reassures the wool and woolen goods trades. Men's goods lines are well taken for spring while women's wear remains subdued by warm weather. Silk holds steady amid heavy buying at Yokohama, and importers cover spring needs in finished goods as delivery remains at 9 cents through January and February. Burlaps stay quiet with price hints of spots and afloats.
In Boston on September 14 business on the wool market remains steady with activity similar to recent days. Fleeces show slightly more life for manufacturers than woolens, while medium grade wools remain in demand, including three-eighths blood combing varieties.
Fleeces moved at 50 and 61 cents in grease, with Quarter bl selling around 50 cents. Three-eighths blood grease wools quoted at $1.00 clean and up to $1.05 paid. Quarter blood sold 90 to 92 cents, half blood combing stock reached $1.15 for good wools.
Good demand early in the day sparked a 3 to 4 cent rise on medium and top scores. Demand then slowed while trading remained quiet but the market zone stayed steady. Centralized ruled firm with limited cars, fresh 2-score at 46c and centralized 90-score at 45 3/8c.
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