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Newspaper
Charleston Gazette
Location
Charleston, West Virginia, United States of America
Date
Jan 06, 1925
Page
14
New York stocks cracked under heavy selling with industrials and special issues leading the losses. Total trading topped two million shares as conservative traders bowed to a rapid market pullback amid no major news spark.
US Liberty Bonds data shows inflation of traded items and balances. Hardy and Dane Co. noted in New York Stock Exchange close with irregular figures. Credit balance for Oil City Pennsylvania appears at $2.00 with run totals and shipment figures listed.
The page reviews stock market activity with gains for high grade rails amid expectations of continued postwar expansion. Core names like New York Central and Illinois Central push to new highs, while General Electric and others rally. Shipping and industrials such as American Car and Foundry and Radio Corporation show activity. International Airways of Central America hits a record top.
Chicago and Buffalo markets report cattle and sheep receipts with mixed demand. Cattle shipments show varied prices for steers, bulls, and yearlings, while hogs and sheep face slower trading and price shifts. Buy-sell activity highlights differing regional trends and steady to lower quotations across categories.
New York markets report butter steady with creamery extras and high-grade results. Butter, cheese, and flour prices noted. eggs and poultry demand described. Bank clearings totaled $965,960,077 as buyers increase activity amid unsettled wool and dry goods trading in New England.
The article notes Argentina wheat supplies to Europe influencing Chicago grain prices, with unsettled quotations and declines across May and July contracts. Corn and oats futures also show losses, while cash market activity includes various seed and milling products and farm notes from Chicago and Toledo regions.
In New York sugar trading held steady with Cuban demand subdued. Prompt shipments of 2,900 tons Cuban and 15,000 bags for February were offered at 4.06, while futures eased 3 to 6 points on commission basis. Prices for February to July slid, with granulated and refiners slipping amid light demand.
Prices hold firey tone as New York Central convertibles push near 110.4 while copper bonds rally on Magne Copy capital raise. New Haven and Pacific bonds gain, others fall. call money ease persists with rates around 3 to 4 percent amid ongoing market shifts.
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