Mortgage sale nets 60 percent of real estate value
D Coen burns real estate mortgage has been advertised for sale. The property value is reported to be more than double the mortgage amount, signaling strong equity.
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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Apr 13, 1926
Page
7
D Coen burns real estate mortgage has been advertised for sale. The property value is reported to be more than double the mortgage amount, signaling strong equity.
Wheat eased and then steadied as North American supply remains tight. May and July futures rose with Liverpool cues and a British trade note citing favorable supply and demand. Corn and oats advanced modestly on light arrivals. Hog and cattle trading in Chicago and Kansas City showed slower demand, with various weight classes trading near Monday’s levels and slight declines for midweights. Sheep markets mixed with fat lambs steady to firm late session.
Kansas City on April 18 reports cash wheat receipts at 23 cars with prices up 2 to 4 cents for various grades led by No 2 dark hard at 1.60 to 1.68 and No 2 hard at 1.59 to 1.67. Corn values rose about 1 cent, with No 2 white at 68 14 to 60, No 3 white at 67 to 68 15, and No 2 yellow at 71 71. Milo maize listed at 1.28, barley 63 to 64, Kaffir 1.24 to 1.26.
Chicago market close reports May wheat at 1.635% crossing, old May at 1.62%, July at 1.8915, September 1.34%. Corn futures listed May 0.73583, July 0.7743, September 0.79%.
Kansas City market notes show oats rye and special grains with May and July bids, corn futures, and September figures. Hay and alfalfa prices mix with no. 1 and standard grades listed for timothy and clover. Poultry, butter, eggs, and market quotes round out the daily report with varying per hundred or per dozen figures.
The Day in Wall Street reports early weakness at the opening as motors and speculative industrials softened. By afternoon, gains spread across the market with General Electric rallying from 287.25 to 293.25, and Woolworth Foundation, Coca Cola, Cast Iron Pipe, and Postum Cereal advancing 3/4 to 4 1/2 points. Total volume near 1,400,000 shares.
Members of the Nineteen hundred and Now club held a postponed meeting at Mrs. Clairie Miller’s home with thirteen members attending. The program included a paper on the Discoverer and Pioneer of the X-Ray by Viola Sheldon and a paper on William Crawford Gorces by Rose Lawson, followed by a medicine round table led by Mary Johnson and a solo by Verla Baird with piano by Mildred White.
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