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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Sep 24, 1925
Page
10
The New York stock market showed mixed currents as rail shares held steady while other issues faced selling pressure. Cotton price declines after the government crop report unsettled trading and lifting some railroad and oil shares late in the session.
A list of stocks and bonds including Hancock area coal and related companies appears with prices noted for each entry such as Black Coal and Ice Co common American Coal Co Atlantic Smokeless Coal Beckley Steam Laundry Cinch Valley Lumber Laurel Fuel Co H Mead Coal Co and Sullivan Coal Corporation among others. Prices shown include figures like 76.50 70.00 182.00 and 100.00 with several entries at 90.00 and 115.00.
New York traders faced subdued bond action as higher time money rates limited demand. Rail bonds rallied on convertible issues with Chesapeake and Ohio leading gains, while several oil liens followed. Government and foreign bonds showed little turnover amid cautious financing, with Belgrade and Jugco-Blavia near-term borrowing noted.
Foreign exchanges remained steady in New York on September 23. Quotations showed Great Britain at 4843 16 and 4849 16 for cables with 60 day bills cited, indicating stable demand in the currency market.
New York stocks ended with varied moves as Allied Chemical American Can Foundry and several rail and utility shares posted gains while others like American Tobacco and United States Steel faced declines. Trading reflected a mixed sentiment as investors weighed refinery outputs and industrial demand against inflation jitters.
The bulletin lists diverse rates for foreign demand and cables by country, including France 4.72 and Italy 4.07, with Belgium 4.35 and Germany 23.80. It also notes shipments and prices for poultry and cheese with receipts and quality terms across multiple regions and firms.
New York on September 23 reports closing prices for Liberty and Treasury issues. Liberty 2 percent at 100.8 with first 448 at 101.29, second 4s at 100.30, third 4 percent at 101.15, fourth 4 percent at 102.10. Treasury 4s at 103.4 and Treasury 4 8 at 106.15.
Call money ease with highs at 5 and lows at 4 percent. Ruling rates close at 4 percent with last loan 4 percent. Call loans against acceptances also 4 percent. Time loans firm at 4 percent for 60 to 90 days and 4 to 6 months. Prime commercial paper bands at 4 percent.
Cotton goods stayed moderately active with prices held until the government report. After raw cotton quotes fell on the Cotton Exchange the market quieted and some second hands offered gray goods at small concessions. Silk goods remained in demand though mills faced high material costs. American Woolen Co opened spring women’s wear at about 10 percent under a year ago.
Cattle receipts reached 14 000 with demand for fed and grass steers fairly active and steady to higher. Best matured steers sold around 16 15 with several loads. top around 15 00. Bulls and stockers held steady to lower as feeders showed a 50 cent dip and hog prices climbed 10 cents to the day’s high. Hog receipts totaled 13 000 with buyers paying above yesterday's best, though activity remained slow.
Weight classes ranged from 150 to 340 pounds with prices from 11.75 to 15.70 per hundredweight. Shippers moved about 3 500 head while fat lamb receipts reached 25 000 with lambs 50 cents lower on the close and feeders steady to higher in places.
In Boston on September 2, the wool market shows stronger demand for domestic and foreign wools with better values in medium lines. Buyers seek low priced wools, rush orders appear, and there is noticeable buying interest for combing stock from large manufacturers.
A New York dairy firm reports receipts of 12,094 for September with a gain over previous extras and a 50 50 percent increase noted in the week.
A business danger often worse than property loss is income interruption. Learn how to insure against fire related earnings loss via Earnings Insurance offered by Citizens Underwriters Agency, Ray Evans manager, Peery Building, Bluefield, West Virginia.
In Toledo on September 23 values shown for Wheat cash 81 654 at 1.66. Clover seed cash 15.25 October 15.35 December 15.10 February 15.10. Alsiker December 14.00 bid March 14.15. Timothy seed September October December 3.90 March 4.00 asked.
Chicago grain market action on September 23 shows increased selling primarily from the northwest region, influencing prices and trading sentiment across futures and cash markets.
Wheat fell 2 to 3 percent with December at 1.47 and May at 1.50. Corn dropped 1 to 4 cents, oats slipped fractions, and provisions moved from a 20 cent drop to a 7 cent gain as prices extended their seasonal lows.
Raw sugar prices rose in New York reflecting stronger demand from refiners. Spot trade showed 11 000 bags St Croix at 4.12 and 85 000 Cuban plus 14 000 St Croix arriving early October at 4.15 amid improved inquiry for refined sugar. Futures closed up one to six points with December 2.40 and May 2.47. Refined values fell five to twenty five points to 5.45 6.30.
Live poultry steady in New York trading as preset poultry also remains unchanged. Market observers note stable demand with producers holding current price levels.
Glen White lost a tight game to Price Hill on their grounds as Bill Dixon limited Glen White to two hits. Marks pitched well for Glen White and Dixon dominated, with three safeties allowed. Next Sunday Glen White hosts Beaver in a return game on their home field. Local notes mention E. E. Jones family returning from Mountain Lake Virginia and a southward motor trip by C. R. Samples. S. Mosrie returns from Miami and Key West with work at the EB White Coal shops.
Dr M C Miles leads a capable faculty at Glen White where 160 pupils enroll. Leona Fry heads the primary grade and art supervision, Frances Hays handles the second grade, Hinchee assists girls’ athletics, Douthat oversees music and high school, Butler teaches seventh and eighth grades. Every child will receive daily music and systematic physical training, with drills for the smaller children and gymnastics for older students. The Glen White Colored school serves 70 students under Canaday, Stern, and Hughes, while residents Shanklin and Burton families visited Radford neighbors last week.
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