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Newspaper
Canton Daily News
Location
Canton, Ohio, United States of America
Date
Dec 19, 1925
Page
12
Wall Street activity today was restricted to evening position adjustments with no sustained trend. Oil service shares cooled after a Friday surge while equipment stocks remained firm. rail shares drifted with little clear direction as French markets showed tentative gains and debt plans remained vague.
New York reports economist N H Whitney cites 800 Procter & Gamble salesmen and his own studies predicting solid business gains over the next half year. Agricultural conditions are sound, loans repaid, construction active, steel improving, banking stable with higher rates, unemployment near zero, and foreign outlook strengthened by Locarno.
Canton stocks and bonds listings from December 19 show prices for Amer Ex Bank Arctic, Belden Brick, Bucher Gibba, Canton Mortgage Co, Canton Morris Plan Bank, Diebold Safe & Lock, Oblo Power, United Army pfd, United Electric, and others with varied par values and percent preferences across local lenders and manufacturers. Prices vary, with several items trading around fractions and whole numbers. no single market event noted.
A Forbes column notes Rudolph & Hecht of New Orleans buying Huyler's candy eluding New York financiers. It praises the banker as an influential force in cotton seed, electric power, and New Orleans port development. Mentions his Hibernia Bank role and civic honors. Includes other notes on shipping, automobiles, and festive remarks.
New York and Pittsburgh markets show butter prices around 50 to 64 cents per pound with prints and tubs listed. Chicago and Cleveland fruit and produce quotes include apples Rome Beauty at 1.90 per box, cabbage 48 dollars per ton, potatoes around 200 dollars per ton, and onions at 2.25 per cwt with assorted poultry and eggs price ranges across regional markets.
Boston December 19 The wool market shows no key price change today with a clear move to delay action until after the new year. Dealers report tight supplies of desirable domestic wools and demand favors medium wools and half blood combing fleece, with Territory half bloods $1.20 to $1.25 and fine wool $1.30 to $1.35 per pound clean.
In New York on December 19 cotton prints showed quiet demand with the 64 x 60s down 1 2 cent per yard and the 68 x 72s unchanged at 10 1/2 cents. Raw silks held steady at unchanged prices as trading concluded.
Crude rubber reports a net weekly loss of 19 cents in New York trading. The price is quoted at end of week levels, with a month ago at 1.10 per pound and a year ago at 38 3-1/2 cents per pound.
The Saturday market reported no new price changes across fruits and poultry with displays drawing crowds. Prices for butter, eggs, grains remained steady retail and wholesale, though turkey demand may rise while chickens become more plentiful. Chicago futures fell on Argentina crop estimate news.
Corrected by Garry H. Dean lists smoked ham, round and porterhouse steaks, work sausage, lamb chops, spring chickens, geese dressed, Belgian hares dressed, sliced bacon, hamburg steaks, corn beef, veal chops, shuck roast, prime rib short and long cuts, vendertoin steak, beef liver, pork chops and roasts with prices. Also Bogdan Retail Cheese Market listing Wisconsin brick cheese and domestic cheddar with prices.
Prices listed for wheat and oats with unit weights and prices. Includes barley straw at a set ton price. Poultry prices show hens and chickens by weight and category. Cotton opening quoted in New York with December and March futures.
Hogs led the day in the Chicago market with light hogs 11 to 11.25, bulk packing hogs 8.80 to 9.36, prime killing lambs 15.75, and fat lambs stronger vs a week ago. Cattle receipts lighter with steers mostly steady to lower, veal calves strong, sheep and lambs trading firm in Cleveland and Pittsburgh readings. Multiple markets report mixed changes with overall active trade and varied price moves.
Frank Krouse of Minerva was jailed after police and hospital staff found him in a weak, nearly dying state at Chase House and later transported him to the city hospital before detaining him on intoxication charges.
Dover reports the Dover Tank and Plate company relocated a 75 foot steel brick lined stack six feet in diameter by rolling it 38 feet to clear the galvanizing department. The move took three days and was completed without tearing the stack down.
Christmas party is to be held this afternoon at the First M. E. church. Teachers from the primary department of the Sunday school organized the event.
Dr. W. H. McMaster of this city will address Goodyear Tire and Rubber Co employees at Akron Goodyear theater on the topic The Christmas Season during the companys employes night program this evening in Akron. Buy it in Canton and do better.
Washington reports on a Chamber of Commerce conference where big business leaders discuss cutting distribution costs from producer to consumer. They examine cooperative marketing, noting benefits such as better grading and distribution but warn of weak management and inflated savings claims. overall, cooperation is seen as here to stay to improve country marketing.
Prices on the curb exchange softened from Friday's close with fractional losses in most groups as profit taking persisted in Lago issues and Galena Signal. Stutz Motor led gains, American Cannon moved to new highs on a when issued basis, while radio stocks remained under pressure and utilities showed little improvement.
Alliance wires report Cleveland architects Walker and Weeks released plans for the Presser Music Building to be placed at the Mount Union campus entrance near Fountain and Simpson streets. Funded by Theodore Presser’s gift via the Presser Foundation, the project requires matching support from alumni and friends. The red brick Colonial style T shaped building, with Union Avenue and Simpson Street entrances, costs about 120000 dollars.
Grain market notes show Toledo price quotes for wheat, oats, rye, barley, and seed crops with December and future months, while Chicago reports light trading and narrow price moves. Wheat futures range around 1.68 to 1.71 dollars, corn around 81 to 83 cents, with May and July positions cited.
The Heidelberg university Glee club will broadcast from WGR Hotel Statler Buffalo on January 3. Robert J. Olson of North Canton is a member. The itinerary includes Wooster Canton Mt. Eaton North Canton and Akron.
In New York trading, French bonds led price gains amid favorable sentiment on French finances and a cautious mood on foreign issues. Domestic issues showed mixed results with gains in Tracson Manhattan income and Interboro notes, while convertible bonds remained active but without sharp gains. The Federal Reserve report indicated no pressure from banks on the bond market as December 9 figures were reported.
The listing catalogs a wide array of bonds and yields including Liberty Bonds Open fax First 3% 32-47, First 4%s 32-47, and Treasury 8% 47-52, with numerous corporate issues from Goodyear to American Sugar and Canadian issues. It notes percentages, maturities, and issuing entities like N Y Central, Union Pac, and British and European bonds, reflecting a broad fixed income market snapshot.
Financial wires report cotton opening prices for December and March futures with modest gains, while United States government bond quotes shows Liberty and other government issues trading around par to premium. Coffee futures close lower with contracts for December through July listed and priced in cents.
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