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Newspaper
Canton Daily News
Location
Canton, Ohio, United States of America
Date
Dec 30, 1925
Page
14
New York December 20 The Miller trade fights a proposed tariff rise aimed at German flour exports and warns it would threaten U S flour markets The issue widens price volatility in wheat and flour as bakers resist higher costs and mills push for reordered supplies in January.
The Ohio Supreme Court announced a review of Massillon Savings & Loan Co versus Imperial Finance Co. The Stark County decree ordered Massillon to pay 4 000 to Imperial for 20 000 memberships and stock deals to be completed before July 1, 1964. The Imperial suit followed sale activity begun May 13, 1924.
A Canton gathering at the Chamber of Commerce in the village of Massilion is scheduled this afternoon at 4 o clock. Bank offices of the First National Building will host the event.
A scanned page lists numerous weekly prices for produce and meat at Harris Arcade Market. Items include green onions, oranges, pears, almonds, lettuce, grapes, celery, spinach, lemons, bananas, cucumbers, onions, potatoes, tomatoes, mushrooms, endive, and various meats. Prices are shown per pound or per bunch with many items offered as 2 for or 4 for deals, reflecting a full market catalog style.
Mamie Burker changed her plea to guilty on a charge of possessing intoxicating liquors before Judge Raley. She was fined $300 as penalties were imposed.
Market reports show no strawberries for New Year dinners with prices rising to 1.50 a quart in Canton and 2 to 3 dollars in Pitts, while turkeys ducks and geese are scarce. Butter and eggs edge lower, wheat futures jump on Hoover remarks and anticipated government support, closing buoyant.
Wholesale dairy and produce quotes from Pittsburgh Cleveland and Chicago markets show butter eggs cheese and live poultry rates. Butter prints tubs and crates priced. eggs fresh from 50 to 52 cents. fowls hens and roosters listed with varying cents per pound. potatoes cucumbers tomatoes and apples itemized for regional trade.
Boston December 30 The wool trade expects heavyweight fine goods openings early next month to pivot the dull market toward better conditions. Prices hold at recent levels while foreign markets remain firm with Buenos Aires showing coarse crossbreds 20 percent lower from recent highs amid activity.
Cotton prints showed moderate activity with 64x72s up 1-8 to 10 1-8e and 64x60s steady at 8 8-4c Raw silks firm and higher, XXB at 6.97 1-2, extras at 6.95, best No 1 X at 6.97 1-2, XXA 20-22 deniers 7.05, Canton 14-16s 5.55, 20-22s 5.05.
Crude rubber fell two cents to 9 38 per pound in New York. A month earlier it traded at 1 10 and last year 39 8 4. On the Cleveland Exchange Trum bull Steel sold at 94, Miller Rubber new stock at 87, Seiberling at 28 38 4. Union Metal and Central Steel quoted with bids and asks in the mid 40s to low 70s.
Coffee futures in New York show January at 17.05, February 17.04, March 17.00, May 316.85, July 16.65, September 16.25, and December 16.00 dollars per hundredweight.
Liberty bonds opened in New York with 3s at 99.19, first 44s at 101.24, second 4s at 100.18, third 44s at 100.25, fourth 4s at 101.29, and new 1s at 106.12.
Sharp upbid in oil shares drives major market activity. Crude production hits a low not seen since last spring while industry trend toward consolidation aims to boost prices and output. Names like Standard Oil of California, Pacific Oil, Associated Oil, Texas Co, and Doheny properties show notable moves with markets watching iron and steel and currency shifts.
Receipts vary with Chicago showing 21 000 cattle and 16 000 sheep, steady to lower trade and a range of prices for cattle hogs and lambs. Cleveland reports steady to higher calf values and mixed meats. Pittsburgh notes steady to lower hogs and varied cattle prices, with market activity slower on some lines. Distinct entities include Chicago, Cleveland, Pittsburgh markets and price points for steers cows calves hogs and lambs.
Canton December 30. Daily market notes show Portland cement at 145 per ton and ready mix options listed. Sand gravel and crushed stone priced, with Mason lime and per ton rates cited. overall costs for building materials summarized in this town.
In New York trading decelerated with focus on income tax adjustments. Radio stocks led declines while overall sentiment remained optimistic. Crude oil production figures show a 14 000 barrel weekly drop through Dec 26. Rand Kardex Bureau notes sold notes at premium amid new issues. Miller Rubber cut dividend expectations, and utilities like National Power & Light gained amid the steady rise.
On December 30 in New York the bond market showed strong demand for quality railroad issues. Southern Pacific refunding bonds rose, Illinois Central and Chicago-St. Louis issues traded above par, and Atlantic Coast Line remains sought after. Long Island debentures and Portland Electric Power 6s drew attention as investors hunted five to five and a quarter percent yields amid broad activity across St. Louis-San Francisco, Missouri-Kansas-Texas, and other rail credits.
Liberty Bonds details are reported from New York on December 30 as announced by R. V. Mitchell & Co. The wire item notes bond trading activity and market movement across Liberty issues.
Kresge five and ten cent stores reached a new high record of 830 on the New York Stock Exchange as the market quieted after gains. The stock’s surge marks its strongest price level in company history.
The listing shows prices for wheat and corn per ton and bale, with figures for hay and straw. It also notes poultry prices for chickens, hens, and heavy birds, including quantities and unit prices.
Amarillo dispatch reports Floyd and Hale counties in the Texas Panhandle have seeded 100000 acres of wheat. Recent snows and rains bring ample moisture and strong emergence across fields.
Chicago traders saw wheat fall as foreign markets lagged yesterday's gains with limited buying on declines. Dec futures at 187% and 84% with May and July near 180 and 154 respectively, while corn weakened on wheat's pressure and country offerings. Toledo cash grain listed mixed values for wheat, corn, oats, and various seed and forage items with multiple delivery months.
Central Steel Co vice president Stuart denied talks of a consolidation with United Alloy Co and other mills. He confirmed only routine matters and said no merger plans exist at this time despite rumors linking Youngstown Sheet and Tube Co and several regional producers to a potential grouping.
William Most reported to police he was attacked by two men at East Walnut and George streets Tuesday at 6 35. A club was used and his face swollen with an eye closed. He was taken home for medical care. attackers not yet traced.
George Wilton reports a two vehicle collision at East Main Street and Wales Road. He says his car struck a second auto with plate 155 383, causing damage to both vehicles including running board fender and bumper.
Firefighters responded to 715 Commonwealth Ave in Massillon on Tuesday at 1 44 PM to extinguish a blaze in the partitions. The fire caused little damage.
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