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Newspaper
Kingsport Times
Location
Kingsport, Tennessee, United States of America
Date
Dec 15, 1925
Page
11
Babson Park Massachusetts special report notes Marshall Field & Company president James Simpson has returned from Europe and advocates leniency toward debtors as a tool for goodwill while warning against excessive leniency that could fuel business failures in current instalment selling plans.
The text argues that few failures, not many, signal danger and that optimism can mask trouble. It advises prudent managers to clean up doubtful accounts and prepare for trouble while noting current business failures are not alarming.
Our statistics indicate an 4 percent rise in August 1925, a 5 percent drop in September, and an 8 percent gain in October compared with the same months in 1924. The present trend is described as fair.
General business compared with a year ago shows an 8 percent rise in quantity of goods sold, a 5 percent drop in prices, and a 13 percent increase in total sales in dollars.
Prices paid to farmers averaged 120.5 cents per bushel on October 15 across the United States, the highest October 15 level since 1913 except during wartime and the postwar years 1918 to 1921.
A recent visit highlighted the dangers of single crop farming and urged diversification. States showing higher crop values include Louisiana Mississippi Maine Idaho Washington Arkansas and California, while Kansas Texas Oklahoma North and South Dakota show notable declines, signaling potential shifts in farmers purchasing power.
Our statistics indicate a drop in postal savings value nationwide of 7 percent in August 1925, 6 percent in October 1925, and 6 percent in September 1925 compared with the same months in 1924.
November strike totals fell to 35 from 46 in October and 31 in November 1924, reaching a year to date low not seen since 1925.
The survey shows 14 minor price increases and 5 reductions across the country in November, with overall activity described as largely stagnant as late in the month. The figures reflect a cautious market with modest shifts and no broad trend.
The statement says wage payments by check will grow and cites crime waves drawing attention to check payments. It notes exceptional cases where paying by check is impractical but mostly attributes growth to educating employees in checkbook use and systematizing bill payments.
New Orleans December 14. AP reports cotton futures closed steady with a net decline of 6 to 9 points. Prices shown include December 18.61, January 18.63, March 18.22 18.23, May 17.92 17.96, July 17.78, October 17.19.
Virginia faces rain in the extreme south and rain or snow in the north central tonight and Wednesday with warmer coastal conditions and fresh northeast winds. North Carolina expects rain tonight and Wednesday with little temperature change and fresh northeast and east winds. Tennessee anticipates rain and a drop in temperature tonight with colder, mostly cloudy Wednesday and possible rain in the east.
Chicago livestock market summary for December 15 shows hogs: receipts 34 000 with mixed gains up to 25 cents, top 11.25, average 140 to 150 pounds around 11.25 to 11.50, sows and pigs priced accordingly across weight ranges. cattle: receipts 11 000 with fat steers 25 cents higher, top prices around 14 00 per hundredweight, yearlings near 13.25, feeders firm. sheep: receipts 11 000 with fat lambs steady to higher, feeding lambs 16.00 to 16.65, fat ewes 8.00 to 8.50.
Chicago wheat jumped early after an Argentine government crop report suggested Cordova and Santa Fe province yields would fall below half the average. Commission houses and short sellers bought, lifting Chicago opening prices by about 1.5 to 2.75 cents. Corn rose 3 1/8, oats firm to up 1/4, while provisions followed the firmer grain market.
Potatoes trading slowly in Chicago with a barely steady market. Wisconsin sack round whites bring 3.40 to 3.50, Minnesota 3.25 to 3.50, mostly 3.35, Idaho sacked russetts 3.25 to 3.60.
Noted New York activity shows railroad stocks reaching new high levels on optimism over current earnings and potential dividends and mergers. Motors weaken as traders fear reduced earnings ahead, while other industrials remain spotty with focus on pending dividends and pool activity.
Heavy buying led to rising stock prices at the open with Wheeling & Lake Erie and Western Pacific hitting 1925 highs. Other gains included Louisville & Nashville, Ludium Steel, Marian preferred, and General Asphalt. Chrysler fell over three points. tax bill amendments boosted sentiment. Total volume around 1.8 million shares.
Raw and refined sugars remained unchanged in New York trading on December 15 according to AP reports.
Irregular quotations in cents list daily foreign exchange rates for major currencies and world markets. Figures include Great Britain 4.84 9 16 and 4.84 15 16, France 3.58 1 2, Germany 22.80, Japan 43 5 8, Shanghai 77 3 8, Montreal 99 31 32 with several cables and bank bill references.
New York on December 15 reports poultry prices steady with live weight ranges: fowls 18 to 23 cents, springs 25, turkeys 35, roosters 16, ducks 23 to 24, geese 17 to 18.
Baltimore market notes list sweet potatoes mainly NC yellows at 4.50 to 5.00 per barrel No. 1. Live poultry prices cover chickens, old hens, leghorns, fat young chickens, and ducks with various weight and condition ranges. Eggs and other items remain unsettled or unchanged.
New York prices for December show Wheat No 2 hard at 1.72 to 1 2, corn No 3 mixed 76 to 1 47, No 4 yellow 74 to 75 1-2, oats No 2 white 42 1-4 to 43, No 3 white 42 to 1 4, rye No 1 1.01 1-2, barley 60 to 76, timothy seed 6.75 to 7.25, clover seed 27.00 to 30.50, with lard 14.37, ribs 14.87, bellies 14.50.
Wheat No 2 red 1.80 to 1.83 and No 2 hard 1.71 to 1.72. Corn No 3 mixed 75, No 3 white 75 1-2, No 3 yellow 75 1-2, oats No 2 white 43, No 3 white 42 1-2 at 43. Wheat close December 1.71 1-2 bid May 1.69 3-8 bid July 1.46 7-8 bid. Corn December 76 1-2 bid May 83 5-8 asked July 85 1-2 bid.
M S Arnold Jr, as trustee, will sell at public auction on January 6 1926 at 11 a m in front of the Blountville courthouse Sullivan County Tennessee. The sale covers two parcels of land totaling about 61 acres in the 7th Civil district to satisfy an indebtedness secured by a deed of trust executed by Pearl Elliott and husband J M Elliott and recorded April 13 1921. Proceeds pay costs expenses and the remaining balance to be distributed to entitled parties.
Unfurnished rooms for rent in Sevier Terrace announced by V. T. Crews at home. Posted on December 15. May appeal to local residents seeking a quiet living space.
Sam Olinger files for divorce against Ida Bell Olinger in Blountville Circuit Court. Ida Bell Olinger, a non resident, must answer by the fourth Monday of January or the bill may be confessed. Notice published for four consecutive weeks. December 7, 1925. Clerk J. B. Anderson.
In the Law Court at Bristol Tennessee Callie Norris files a bill for divorce against S S Norris a non resident. He must appear by the third Monday in January next or the bill will be taken as confessed and the case proceeded ex parte. December 7 1925 Deputy Clerk J K Bown.
In Kingsport Tennessee John T Walker sues Mary Eaton and others in chancery. Lida Meek is a non resident and an attachment on her property is noted. Publication for four weeks in the Kingsport Times warns her to appear January first 1926 or the bill may be confessed. November 28 1925. H M McNeil clerk and master Phillips and Hale solicitors for complainant.
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