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Newspaper
Canton Daily News
Location
Canton, Ohio, United States of America
Date
Jun 29, 1925
Page
4
New York financial week ends with higher stock activity and several records amid rising money rates to five percent. Analysts warn of increased risk and note consolidating rumors in autos denied. sugar and copper sectors show mixed signals. inflation and French budget issues weigh on markets.
The week sees a steady, gradual market advance despite pessimists. Motor stocks rise into higher ground with year round demand fueled by roads, winter travel, and up to date models. Brokers loans remain high but not excessive compared to past peaks. Rumors of steel mergers surface. a fall bull market may rely on credible merger news and Nickel Plate merger outcomes.
United States government securities led the investment market with price gains across long term treasuries and Libertys amid banking demand. Money outlook remains easy after July, while tax exempt state and municipal bonds draw buyers for security and returns. railroad securities attract cautious speculation amid merger talks and potential congressional action.
Colorado Springs Mining Exchange checks boom era prospects as directors decide if continuing operations is warranted. Cripple Creek era context noted with a focus on local business viability amid slowing demand and prospects.
News briefs note watermelon prices sliding with profits still shown by south Georgia and Florida growers. Other items report California lima beans and baby Limas plantings up from last year and Texas wheat belt forecast near ten million bushels due to rains. Boston reports retail anthracite buying flat despite coal dealers urging households to stock up.
A Canton listing for building materials shows prices for Portland cement plaster lime white pine lath building brick cement sand and gravel washed sand and gravel strip shingles and other supplies. The entry notes quantities and unit prices with miscellaneous figures, reflecting a wholesale supply description.
U.S. Bureau of Markets reports hogs and cattle prices in Chicago Cleveland and Pittsburgh. Hogs top around 13.75 per hundredweight with varied weights. cattle and veal also show strong to steady ranges. sheep and lambs priced from about 6 to 17 dollars, with feeder and stocker categories listed. Receipts hover around thousands in multiple markets. Meat prices reflect market strength and regional differences.
The weekly total of business failures in the United States dropped to 390, down 35 from last week and 41 above the 349 of a year ago. All regions saw fewer defaults, with the south recording the largest decline. Among failures, 220 faced liabilities over 5000, versus 242 last week and 195 a year ago. Canadian defaults rose slightly to 62 from 51, though still above last year's level. Buy in Canton and do better.
A corrected market list from Patitucet- Tiptner shows currants, cherries, onions, lemons, oranges, bananas, celery, lettuce, cucumbers, turnips, onions Texas varieties, green mangoes, nuts, beans, radishes, eggplant, cauliflower, horseradish, kale, lettuce heads, carrots, dates, hot house tomatoes, coconuts, artichokes, oranges, sweet potatoes, pineapples, melons, and berries with prices from multiple suppliers. references a Ross Butter Stores location in Harris Arcade.
Chicago grain closes show wheat down 2 to 3 percent, corn off 0.5 to 2 percent, and oats 1 to 1.5 percent lower in the short session. Cash grain quotes list various No. 2 and No. 4 grades for wheat corn and oats with mixed yellow and white varieties. Toledo cash grain follows with No. 2 red wheat at 4.72 and corn around 1.09 to 1.10, oats 0.50, rye 1.06, and seed prices for clover al slike timothy.
Scranton Pa June 1925 miners and operators brace for a Sept 1 wage showdown. Delegates arrive before July 4 to present demands at Atlantic City after a possible strike if current rates aren’t raised. Miners compare anthracite wages with bituminous standards and seek uniform classifications to ease payroll.
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