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Newspaper
Canton Daily News
Location
Canton, Ohio, United States of America
Date
May 17, 1925
Page
9
The Canton Daily News reports New York markets head higher with bonds at peak since 1917 and investment issues near record highs. Gains come amid steady money rates and renewed confidence as equal vigor returns to stock and bond sectors.
The market topped March highs Friday with industrials at record levels while rail averages lag. Optimism grows as motor and rubber sectors surge, steel demand rises, and dividends return for some firms, though railroad stocks face St Paul issues. Brokers loans and credit remain healthy, prompting bears to cover and new buyers to reenter. The final peak timing remains uncertain.
Wheat prices rose as foreigners increased purchases and rains boosted the crop outlook. Prices closed higher with May to Sept futures up. Corn also gained on frost fears and firmer hog market, with futures rising for day and week. Oats steady, exports noted. lard ribs and bellies firming for the week. Toledo notes cash Clover and timothy prices and bids for Alsike and Timothy.
The Canton Daily News reports continued strong demand for fixed interest securities as U S loans and foreign issues reach record highs. Government bonds rise while municipal issues remain in demand, with rails and utilities eyed for further gains amid tax and inflation expectations.
In Atlanta on May 16 the Georgia Rallies and Power Co. street railway employees were granted a three cent hourly increase retroactive to May 1. Motormen and conductors will earn 14 cents more per hour, totaling an additional $160,000 monthly in payroll.
Maurice Greenfield of Newark New Jersey appointed manager of the People's Clothing store at 324 Market Street S Greenfield has worked with the People's Co for five years succeeding Carl Ward now in Carbondale Pa The company operates a chain of 125 stores and the new manager will reside at 1437 Arnold NW
Weat inghouse officials foresee electric operation for the Roanoke to Mullens section before January 1. Butter in cold storage fell to 8.744 million pounds from 10.876 million. American cheese holdings stood at 26.167 million pounds versus 27.716 million prior month. Frozen egg stocks reached 19.065 million dozen up from 11.963 million.
The Market Avenue Realty Con announced the erection of a two story building at Tot Tuc varawaa at W. Thie on the Eunice St Clark property long used as residence by the late owner. A 99 year lease is planned with space rented for a mercantile establishment in the 60 by 164 foot center, while the rest will be bulleted for tenants. Several concerns are negotiating for the remaining space as this introduces a new mercantile hub in the area opposite the Belden Brick Co property.
Roston May 16 The Boston raw wool marker closed the week a shade stronger. Prices remained nominal, but dealers pulled back from earlier low offers and discussed improved demand.
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