New York Stocks Jump on Positive Sport Market Reaction
New York stocks rise as investors react to upbeat sports news. The market shows a gain of 24 20 in leading indices amid strong scores and favorable conditions.
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Newspaper
Helena Independent
Location
Helena, Montana, United States of America
Date
Jun 03, 1925
Page
2
New York stocks rise as investors react to upbeat sports news. The market shows a gain of 24 20 in leading indices amid strong scores and favorable conditions.
Liquidity and price movements dominated a busy session with Liberty bonds, Coca Cola, Anaconda, and General Motors among active names. Trading reflected strong demand in some issues while others eased, as currency exchanges and domestic credit conditions influenced expectations for industrials and rail stocks.
Chicago market notes show potato receipts and prices with new stock fair but trading weak. Butter and eggs prices rise on higher receipts. eggs drop with abundant supply. sugar futures steady as New York markets report active withdrawals but modest new business.
Chicago markets show sharp corn breaks up to 5 percent amid rains, with brief wheat relief from drought. Government crop report sets May conditions at 34 percent normal. cotton tumbles after report though spot holds at 23.33 cents. Prices quoted for corn, wheat, oats, rye, flax, and fats noted across Minneapolis and New York exchanges as traders react to forecasts.
George W. Lynn publisher of the Yuma Herald faces criminal libel charges filed by E. W. Sanguinetti a Yuma merchant. Trial date set for Thursday by Superior Judge E Elmo Bollinger who warned reporters against coloring coverage. The accusations stem from editorials charging Sanguinetti with tax evasion and dairy adulteration involving formaldehyde.
In Los Angeles director Robert G. Vignola conducts experiments on film exhibitions to counteract naval motion sickness. He argues sickness is largely visual, caused by shifting planes on ships, and believes shipboard pictures with screens can relieve passengers from seasickness.
Six white miners were killed in a Piper Alabama mine last night reports to the Little Capaba Coal Company. Death is believed caused by black damp in an unused heading the men were exploring. There was no explosion.
Livestock receipts at South St. Paul and Omaha markets show cattle and hogs firm to higher on light supplies, with top yearling and steer prices around 10 dollars and veal and fat cattle steady to higher. Sheep and lambs weaker, hogs mostly higher with top near 11.90, regional price ranges including Chicago and Spokane reports.
In Cicero western suburb of Chicago, five men robbed the Baker State Bank, with a sawed-off shotgun used by one assailant and revolvers by the others. They held 13 people at gunpoint and escaped with an estimated 970,000 to 910,000 in currency. Bank staff and customers were forced to lie face down as the robbery unfolded.
Classifieds from The Independent Publishing Company in Helena Montana include contact details and service notices. A Montana supreme reports bid for production of 500 copies of bound volumes, including binding and indexing, is solicited from Bancraft Whitney Company in San Francisco for a June first publication.
President Coolidge endorses the General Federation of Women's Clubs nationwide survey on home making methods in a letter to Mrs John D Sherman. Government department assistance was limited by the president.
Washington June 2. An adverse report on the proposed leasing of power at Muscle Shoals Alabama is expected for War Department review by the Muscle Shoals commission. Members reportedly believe the power will not be available before December 1 and the commission will finalize its report on disposition of the property. President Coolidge says leases should not interfere with final disposition. Bulalo NY jewelry heist: five robbers steal jewelry valued at about 30000 from Levy's store.
A succinct message shows that claim of bliss from ignorance is challenged as people learn consequences of unseen facts. The remark frames self awareness as a path to clearer understanding, urging scrutiny over complacency.
The Supreme Court ruled that GM stock issued in its reorganization into a Delaware corporation is subject to federal income tax. The decision was made in a case brought by Walter Y. Marr, a stockholder.
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