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Newspaper
Charleston Gazette
Location
Charleston, West Virginia, United States of America
Date
Dec 19, 1925
Page
11
New York December 18. Markets rallied as activity revived and oil strength rose on merger rumors. Investors anticipated terms of a possible consolidation, lifting shares across energy sectors while gold and bonds showed mixed moves amid cautious trading.
New York December 15 call money ranged high at 5 percent and low at 4 percent with the ruling rate closing at 5 percent. Bids stood at 544 and offers at 5 percent, last quoted at 54g. Call loans against acceptances and time loans secured by fixed collateral extended sixty to ninety days, with 4 to 6 months also noted, prime mercantile paper around 4 percent.
Grain and provisions markets fall as Argentine government signals support for wheat crop estimates. December and May futures slide, with corn and oats also down. Prices reflect nervous trading as farmers and buyers adjust to expected crop outcomes.
Midland Trail Transit Co operates service between Charleston Huntington and Huntington with connections to Cincinnati and Louisville. Coaches run in evening rush hours and a frequent daily schedule includes trips to Cincinnati, Huntington, and Pittsburgh with continued service to New York and other points.
London December 18 Alderman Edward taid the Lambe borne teamell that bricklayers employed an APL pi hentia sehen mints and 22 seconds to his oe Urick. As a result the 40 hitly king ara have gone on an dignity eribe until the aldermen apalonteen, Meni whit 259 carpenters, prtrite: other wortlemien are berowt Out oof employment.
In Chicago the butter market was steady with some improvement but not active. Dealers were free sellers yet cautious on concessions while buyers pressed for quality. Fresh dairy pricing showed minor gains and a central market remained moderate in activity. Poultry trade in New York and Chicago reported firm prices and limited movement amid express shipments.
Cattle markets show fat steers down amid light demand, hogs up on lighter weights, sheep and lambs active but uneven pricing. President Coolidge plans to attend the Neagal Centennial Exposition in Philadelphia next year likely on July 4.
Wall Street briefs report Thalerarten and J A Sisto selling Curtig Publishing stock at 12 a share and acquiring funds at 312 a share. General American Tank Car explores a possible manufacturing branch. Chrysler seeks a four for one stock split, listing to NYSE. A Swedish American investment firm is formed with Lee Higgingen as a sponsor. Ottawa notes Canada’s balance of trade at 100,000,000 with exports around 1.22 billion and imports 874.9 million for the year to November 30, 1925.
Sugar prices in New York futures retreated as Cuban market news softened sentiment. Front-month contracts fell 4 to 7 points with December at 223, January 231, March 227, May 248, and July 353, while refined sugar held steady between 5.00 and 5.60 a hundredweight.
New York foreign exchange figures show regular quotations in cents for Great Britain France Italy Belgium Germany Holland Norway Sweden Denmark and Switzerland among others. Also listed are Argentina Brazil Argentina and Brazil rates with a note referencing the pony express first trip from St Joseph to San Francisco taking 16 a day
In New York trading, Mexican obligations led gains while railroads softened as profit taking trimmed some advances. Industrials remained strong with selective demand for Chicago and Northwestern, Green Bay and Western, and Cleveland Shoreline bonds, amid cautious buying and steady undertone. Prices for dry goods and prints set for January to March deliveries as demand improves.
Washington February reports miscalculations in world grain supply estimates blamed on Russia crop reporting gaps. Secretary Hoover noted initial forecasts of 300 million bushels for Russia may have been too high, with Commerce Department statements lowering the exportable total to about 60 million by midyear.
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