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Newspaper
Kingsport Times
Location
Kingsport, Tennessee, United States of America
Date
Dec 11, 1925
Page
15
In 1925 building figures point to record construction dollars, with industrial building and public utilities rising while residential properties slip. Contracts awarded likely exceed 1924 by over 30 percent, and permit values in 20 leading cities are about two and a half times higher than a year earlier.
Receipts of cattle at markets and cold storage holdings of beef increase but stay under the prior year. Prices are high and expected to ease as marketing pressure grows. Father moderate and seasonal decline anticipated.
Stock market writers foresee an unsettled period ahead with mixed movements across groups and individual shares, suggesting no clear trend until after year end. This cautious view notes conflicts among sectors and stocks as investors await clearer signals.
The recent drop in coke prices strengthens its position as supply of soft coal remains ample and anthracite remains scarce. Prices are expected to hold firm until anthracite becomes available again across districts.
C M Wickman of North land Transportation Co. expects Great Northern Railway to run its large bus fleet on schedule through winter barring severe blizzards. The piece highlights growing railroads faith in bus transportation and notes strong auto truck output in early 1925 with 376,678 trucks produced in nine months, up 30.1 percent from 1924 and 24.4 percent from 1923. It forecasts satisfactory business volumes and profits, plus potential new routes and industry checks. Ohio shows improved general business in Aug Oct vs 1924 by 14 and 13 percent. Congress: grain prices may blunt Farm Bloc proposals. rail legislation unlikely to pose new threats. tax reduction seen as near certain.
Our latest figures indicate nationwide hardware sales in August September and October at 103 100 and 105 percent, respectively, compared with the same months in 1924. The trend is fair. We expect no soft coal strike pressure as non union mines can supply sufficient soft coal for an indefinite period.
Union wage scales are still mounting with hourly rates about 108.5 percent higher than in 1917. Building trades hold a record high position, as industry activity sustains the upward movement in wages.
Weather brief reports show Virginia cloudy and warmer with possible rain tonight. Saturday partly cloudy and slightly cooler in western regions with shifting winds from the northwest. North Carolina: cloudy tonight then generally fair Saturday with warmer east and north areas and cooler extreme west. Southwest winds. Tennessee: generally fair tonight and Saturday, slightly colder Saturday with western portions cooler.
New York report says stock prices rose briskly as business developments supported gains. Secretary Mellon’s favorable view of conditions, steady rediscount rate, rising steel activity, and speculation of higher dividends spurred buying. Rail shares led, with Atlantic Coast Line near seven point gains and several others reaching new highs.
Chicago market report shows hogs 15 to 25 cents lower on most grades with some cuts 20 to 35 cents down and packing sows 20 to 35 cents off. Cattle receipts near 5,000 with fat steers 8.00 to 10.00, some above 13.00, stockers 6.50 to 8.00. Sheep with 9,000 receipts, fat lambs weak to 25 cents lower, feeding lambs unsettled, ewes 8.75 to 9.25.
Irregular quotations in cents for major currencies include Great Britain at 484 5 8 demand and 485 cables, France 3.87 1 2 demand and 3.68 cables, Italy 4.05 demand and 4.03 1 2 cables, Belgium 4.53 1 4, Germany 23.80, Holland 40.14, Norway 20.37, Sweden 26.74 1 2, Denmark 24.92, Switzerland 19.28, Spain 14.23, Greece 1.29, Poland 12.00, Czechoslovakia 2.96, Yugoslavia 1.77, Austria 14 1 8, Romania 46, Argentina 41.30, Brazil 14.18, Tokyo 43 1 8, Shanghai 77 5 8, Montreal 99 15 16.
Chicago wheat prices eased in early dealings on December 11 with openings 3-4 cents down to 1 1/8 cents higher. Corn futures fell 1/4 to 5/8 cent, oats slipped 1/2 to 1 cent, and provisions mirrored a downturn in hog values.
Cash wheat and corn prices listed for No. 2 red and No. 3 white, No. 2 yellow, and No. 3 yellow, with oats quotes. December wheat at 1.71, May at 1.65 and a half, July around 1.44 bid. Corn December 77 and three quarters, May 84 and three quarters, July 85 and a half bid.
Call money remained steady with a ruling rate of five percent. Closing bids stood at five, offers at five and a quarter, and last loans at five. Call loans against acceptances ranged to four and a half. Time loans showed mixed collateral for 60 to 90 days at four and seven eighths to five percent, and 4 to 6 months at four seven eighths to five percent. Prime mer cantile paper traded at four and one quarter.
New York stock prices started firm as Mellon's congressional report calmed nerves. Chrysler led motors with gains as General Motors rose early, while Baltimore and Ohio fell on dividend disappointment. Rail orders boosted equipment stocks. several names hit new peak prices for the year. Total volume about 1.8 million shares.
Chicago report shows wheat No 2 red 1.77 1-4 and No 1 hard 1.75 to 1.77 1-4. Corn No 3 mixed 77 to 77 3-4, yellow 27 1-2. Oats 2 white 43 to 43 1-2, No 3 white 42 1-2 to 43 1-4. Rye No 2 104. Barley 60 to 70. Timothy seed 6.50 to 7.35. Cloverseed 21.00 to 30.50, lard 14.20. Ribs 15.00, bellies 14.50.
Live poultry prices show fowls at 27 to 30 by freight and 25 to 30 by express. Turkeys range 30 to 35 by both freight and express, geese 21 to 25 by freight. Dressed poultry steady with fresh western spring 40 to 50 and southwestern 40 to 48.
Chicago poultry prices report a steady trade with live birds at 18 to 25 for fowls, 25 for springs, 32 for turkeys, 16 for roosters, 23 to 24 for ducks, and 17 to 19 for geese as of December 11.
Wheat closes in Baltimore on December 11 with No 2 red spot domestics at 1.80 and garlicy domestic at 1.75. Prices reflect a slight gain from the prior session as traders weigh supply and demand factors.
Raw sugar slips one sixteenth of a cent to 3.96 a pound in New York trading with refined sugar holding steady.
Butter eased with creamery extras at 49 1 2 and firsts 45 to 48 1 2 cents a pound. Eggs unsettled with fresh gathered extra firsts at 53 to 55 and firsts 50 to 51. Cheese prices held steady.
In New York on December 11, bar silver traded at 69 1 8 dollars per ounce while Mexican dollars quoted at 53 1 8 cents.
Chicago price report dated December 11 shows creamery extras at 48, standards 44 3 4, firsts 43 to 44 for butter. Eggs decline with firsts listed at 41 to 42.
New York cotton futures closed steady with a net drop of 12 to 18 points. Prices cited include January 18.91 May 18.92 July 18.43 and October 18.05 with the Dec 11 report.
U S Government bonds closing in New York show Liberty 3 1-2s at 99.28. First 4 1-4s at 101.26, second 4 1-4s at 100.23, third 4 1-4s at 101, fourth 4 1-4s at 101 1/3. Treasury 4s at 102.30 and treasury 4 1-4s at 106.15.
New Orleans AP reports cotton futures closed steady to slightly lower with a net decline of 3 to 17 points. December settles at 18.84, January at 18.77 to 18.79, March at 18.44 to 18.45, and May at 19.20 to 19.23.
Doctors and druggists now recommend Calotabs to break up a cold overnight or shorten grippe cases. Take one or two Calotabs at bed time with water, no salts or nausea, no impact on eating or work. Next morning the cold vanishes and the system feels purified with a hearty appetite for breakfast. A family package with directions costs 35 cents at an drug store.
A historical list of closing prices for numerous stocks, bonds, and industriales. Notable entries include General Electric 319, General Motors be, U.S. Steel 116 1-4, Coca Cola, Pennsylvania, Reading, Seaboard Air Line, and Westinghouse Electric at various levels. The record reflects a broad market snapshot across multiple sectors with many prices shown in fractions.
Legal notices announce two separate actions in Kingsport Tennessee. A United States case United States vs Chase et al Case 1412 Cr will sell a Ford touring automobile seized for tax evasion at public auction December 14 1925 at 11 am. Also a Chancery Court edict in Ervin vs Turner orders sale of land in Sullivan County with bidding open January 2 1926 to satisfy a decree, on credit six months, with a lien and security required.
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