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Newspaper
Kingsport Times
Location
Kingsport, Tennessee, United States of America
Date
Dec 06, 1925
Page
31
Henry Ford says stock market fluctuations do not threaten overall business prosperity. The piece notes mixed signals, with temporary rebound possible, and observes upward trends in New Jersey and Pennsylvania with crops up about 10 percent from 1924. It mentions active silk mills, iron and steel, and machinery sectors, plus a decline in world wheat prices.
General Motors expands Frigidaire cabinet space by about 2 million square feet as competition grows. New gas heated refrigeration devices may be simpler and cheaper than electric systems from Kelvinator Server and Frigidaire, signaling a shift in a still developing industry. Bean prices rise on short crops, while Florida truck crop acreage tightens due to labor and land use. Feeder cattle scarce. corn expected to improve cattle finish. meat in cold storage currently low.
In our opinion prices are firm because domestic supply will grow only slightly beyond requirements. Since July 1 exports have matched the estimated exportable surplus for the crop year. Any further details are uncertain.
A comic panel centers on a clever fox and a gullible gump in a whimsical barter. A wooden sardine exchange illustrates wishful thinking about treasures and a letter to Santa Claus promising a stocking full of grins.
The export restrictions on domestic supplies are said to bolster the home price situation since foreign wheat faces tariffs. Domestic prices are above world levels, with fluctuations expected to persist but a comparatively firm trend projected for the remainder of the crop year.
A dense listing of international government bonds and U S corporate issues with prices and yields. Entries include Austrian government loan 7s 99 5-8, Dutch East Indies 6s, French Republic 7s, U S Tel and Tel deb 5s 1960, American Electric 5s, Bethlehem Steel 6s, and multiple rail and utility issues with quoted prices around 80 to 110.
New York traders see railroad stocks lead an upward market with merger hopes driving gains in Atlantic Coast Line Louisville and Nashville and other rails. Industrial shares pause on profits but motor and oil stocks set high records as sterling climbs and London rate rises.
New York December 5 AP markets for dry goods were quiet with activity expected to pick up after the forthcoming cotton report. Raw silk and wool markets eased, mills buying conservatively. Wool blankets and fabrics remained quiet while burlaps steadied in Calcutta with little local change.
The New York Stock Exchange ruled that Tobacco Products Corporation class A and common stock will trade ex-rights on December 14. Rights were admitted today on a when issued basis and must settle by December 17.
The cotton market was quiet with prices range bound. January rose to 19.53 then settled at 19.47 with a net decline of 10 to 15 points. December and March also eased, while weekend covering and trade buying briefly lifted prices. A private crop estimate suggested 15,767,000 bales, above prior forecasts.
Bond prices rose in quiet trading led by railroad issues with October railway earnings near 140 million dollars and carloadings over a million weekly. Southern Railway 12s and other rail bonds advanced while Belgian and French government issues showed gains. industrials sagged slightly as a new $16 million bond issue for Northern States Power Co. looms next week.
Seed oil trades were subdued with a downtrend from refiners and liquidation in a softer demand environment. Closing prices held steady for July while remaining up to ten points higher for the balance. Sales totaled 3,400 with prime crude at 9.00 and futures ranging from 10.10 to 10.44 for different months.
New York stockyard figures show cattle 2 085 head steady with steers 6.00 to 10.25, calves 1 800 steady including prime veals 8.00 to 17.00, lambs 11.00 to 17.25, hogs 3 300 steady with light to medium weights 12.00 to 12.50 and heavy hogs 11.75 to 12.25. sheep 7 500 irregular with lambs 11.00 to 17.25.
Classified notice from J. M. Rhea at Cement Plant selling a Radiola HIA radio for $65 in perfect condition. Date 12 3 31.
Chicago wheat prices rose 2 3 8 to 3 3 4 cents as bears turned buying late, with December at 1 77 1 2 to 1 78 and May at 1 73 3 8 to 3 4. Corn and oats edged higher while provisions fell. Argentina weather and more wheat on ocean trade influenced the session.
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