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Newspaper
The Mobile News Item
Location
Mobile, Alabama, United States of America
Date
Dec 30, 1925
Page
10
Liver y remains steady amid weather concerns for picking. Futures show gains early trading but close modestly higher. New Orleans spot market closes quiet with lower quotes for felow middling and middling grades.
Cotton trades in New York mixed as early demand and hedge selling shape the session. January futures rise briefly before prices ease, while overall trading remains barely steady with slight advances and declines.
On December 30 the market advanced despite high money rates and some pool liquidations.Tax selling was limited to active issues while short covering and merger talk spurred oil stocks. Major gains included Kresge up 51 points to 8.50 and National Tea up 14 points as rails such as New York Central rose to the year’s high, with Kresge at a new peak 850 and Weber & Heilbroner sliding on weak liquidation.
New York market notes for December show wheat prices easing with December at 1.863-4 and May 1.817-8 while July hits 1.533-4. Corn and oats remain firm with various grade quotes. hay and straw markets quiet. Freight rates firm with moderate demand to United Kingdom and Atlantic ports. crude petroleum steady at 3.55-3.66. Coffee Rio No 7 spot 17 1-2.
Chicago grain market shows December wheat briefly crossing 1.90 per bushel for the season high, then easing as the day ends. Corn and oats fall moderately while cash bids list No 2 wheat around 1.88 to 1.90, corn mostly lower, rye steady near 1.10, and livestock prices firm.
The Toledo grain market reports Clover domestic prices for December January February and seed soybeans with cash and future values. St Louis cash quotes show No 2 red beans and corn and oats prices with wheat and corn futures bid and asked levels.
Year end trading in New York bonds showed irregular price moves with profit taking in convertible rails offset by new purchases in depository issues and some low priced carriers. Investors eyed railroad securities and municipal issues as the market adjusted to policy and supply.
Bond prices and activity detailed in New York stock market notes show Liberty 3s advancing after a period of fluctuating highs and lows. The daily sales totals reflect shifts in investor demand and market sentiment.
Chicago market receipts show hogs slow and uneven with mixed price declines and top early at 12.10. Cattle demand steadier with fat beef heifers and calves edging higher. vealers quoted around 13.00 to 12.50, cows 5.00 to 7.00. Sheep slow with natives at 16.00 and lambs to 16.60. East St Louis markets show similar softer tone with hogs 11.60 to 12.25 and cattle steady to lower on light trades.
Sunday market notes show bar silver at 683-8 in New York with Mexican dollars at 522-8, Chicago dairy prices down with butter and eggsSoftening creamery extras and varied firsts. raw silk prices in New York and refined sugar holding steady amid limited trades Call money firm with modest shifts in time loans and mercantile rates.
Copper dull at 141 8 futures. Tin steady at 63.12 spot and 62.62 futures. Iron, lead steady. Zinc steady at East St Louis 8.70 8.75 spot and 8.55 8.65 futures. Antimony at 24.00 spot.
Savannah report shows Turpentine firm numbers with sales 415 receipts 140 shipments 8 stock 16187 and Rosin firm sales 812 receipts 650 shipments 1117 stock 96567. Prices listed for grades B D E F G H I K M N WG and Ww X with top quote 15.10 in dollars.
New York reports irregular foreign exchanges with listed demand and cable rates for Great Britain France Italy Belgium Germany Holland Norway Sweden Denmark Switzerland Spain Greece Poland Czech Slovakia Yugoslavia Austria Romania Argentina Brazil Tokyo Shanghai and Montreal with varied quotes in cents and fractions.
The Mexican senate unanimously ratified the debt settlement between Secretary of the Treasury Pani and international bankers. It also approved a bill granting President Calles extraordinary financial powers.
Chicago December 30 report shows trading slow with United States shipments at 332 cars. Wisconsin Minnesota round whites sell around 3.90 to 4.40 per sack, mostly 4.25, Idaho russets 4.00 to 4.40 per sack.
Trading on the Curb Market held firm with year end approaching. Public utility stocks led gains amid mergers and consolidations. United Gas Improvement rose to 1237-8 after ex-dividend, National Power & Light advanced over 2 points before some profit selling, and Electric Bond & Share gained over 2 points with others posting 1 to 5 point increases.
New York police seek a mysterious Senator A. B. Lewis amid a $100,000 poison plot uncovered after Harry W. Cowan killed Edith Burton and wounded himself. Lewis, described as 73 and a persistent suitor, checked from Hotel Astor the night of the shooting. A warning letter of attempted coercion tied to Burton’s alleged plan to marry Lewis to gain control of the fortune surfaces along with Cowan’s past theft at Hotel Latham.
Winifred Hudnut Valentino known as Natacha Rambova will appear on stage in Bridgeport in a vaudeville engagement starting January 2. She has filed for divorce from Rudolph Valentino amid reports of marital strain and her pursuit of an individual career.
In Mexico City stockholders meeting on the return of railway lines to private management was postponed. The exact date for the rescheduled meeting will be announced later.
Dr. W J Mosslander of Mobile, long based in Grand Island Nebraska, visits his parents Mr and Mrs W Mosslander in town with his wife visiting her parents Mr and Mrs Edward Huet. They will stay several more days.
The fragment discusses crossing buffalo with Hereford cattle to develop a new beef animal. It notes that seventy five percent of tobacco sold in England is in the form of cigarettes.
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