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Newspaper
The Pocatello Tribune
Location
Pocatello, Idaho, United States of America
Date
Aug 03, 1925
Page
3
Unofficial crop estimates place US wheat yield around 660 to 672 million bushels for the season, lifting prices. Saskatchewan damage reports support the rally as buyers with foreign ties enter the market. September and December futures advance, with corn and oats also firming and hogs lifting the provisions sector.
Chicago reports hog receipts near 29 000 with prices 15 to 25 cents higher, including 160 to 226 pound butchers 14.20 to 14.40 and sows around 12.15 to 12.50. Cattle at 20 000 receipts show demand for best grades, yearlings scarce, steers 11.00 to 12.00, and calves strong at 7.50 to 8.00. Sheep around 22 000 receipts with fat lambs down about 60 cents and ewes 5.50 to 7.75, prices broadly firmer for hogs but weaker for some sheep offerings.
Chicago notes potato receipts totaling 5 dollars per car with U S shipments split Saturday 485 Sunday 12. Market dull at trading fair as Kansas Missouri Ohio yields vary. Ohio 2.36 to 2.85, Minnesota 2.85 to 2.50, Idaho Utah Colorado cobblers few sales 3.25.
U S grain exports last week totaled 3 091 million bushels up from 2 393 million the prior week. Wheat 1 437 million, rye 620 thousand, oats 353 thousand and corn 186 thousand rose versus the week before while barley held nearly steady. Canadian U S ports export 1 070 thousand bushels versus 1 385 thousand, and North American wheat flour exports reached 205 thousand barrels from 143 thousand.
New York stocks rise at the open as General Electric climbs to 300 and hits a post segregation high. Houston Oil advances, Nash Motors gains 24 points in the final hour, Dupont and Sears Roebuck up five, Public Service of New Jersey up four. High priced specials buoyant and total volume around 1,250,000 shares.
Active buying by a leading Chicago speculator coincided with a wheat price rise across futures. September delivery led the gains, climbing to 1.59 a bushel as Canadian crop damage reports surfaced.
Chicago price rundown lists wheat No 3 red at 1.62 to 1.66 per unit and No 2 hard at 1.56 to 1.61. Corn No 2 mixed at 1.07, No 2 lewway at 1.10 to 1.11, corn No 2 white at 41 to 43 cents, rye No 1 at 1.00, timothy seed 6.95 to 8.25, clover seed 19.00, lard 17.15, ribs 18.37.
The report lists grain futures with highs and lows from Chicago on August 3 and a dense closing listing of New York stocks. Major names include Am Can, General Electric, General Motors, Chase, Bethlehem Steel, and Reading, among many others. The page records multiple price points, share classes, and indices, reflecting market activity of the period.
The raw sugar market opened steady at 4.27 duty paid with no sales reported. Futures saw slight activity and minor declines due to liquidation, while Noon prices held and refined sugar withdrawals dominated activity with granulated prices at 6.20 to 5.49.
Foreign exchange quotations in centimes and cents show steady levels. Major rates listed include Great Britain 4.854 and 4.8511 16 for cables, France 4.73 and 4.774 for cables, Germany 23.80, Switzerland 19.41, Argentina 91.75, Tokio 41 5 16, Shanghai 78 percent.
Copper advances to 144 percent spot and 144 percent near futures, tin steadies at 59.25 spot and 59.00 futures, iron steady with No 1 northern at 20.00 20.50 and No 2 northern 19.50 20.00, lead firm 8.50 9.10, zinc steady with East St Louis spot futures at 7.40, antimony 17.76 to 18.00.
Mim New York reports firmer call money with high and low at 4 percent and ruling rate 4 percent. Closing bid 44 percent and offered at 4 percent. Last loan 4 percent and call loans against acceptances 3 percent. Time loans firmer with mixed collateral 60 90 days 4 4 percent and 4 6 months 44 percent 42. Prime commercial paper 4 percent.
Liberty bonds and U S government securities traded in New York with prices shown. Liberty 100.25 for Sia 100.25, 1st 48 161.24, ind 44s 100.24, Sia 4448 101.15, 4th 4s 102.2, U S government 45 192.27, U S government 44s 106.6.
New York August 3 market notes show bar silver at 69 percent, Mexican dollars at 3 percent. Curb oil closed with Continental 24, Prairie Pipe Line 125, Standard of Indiana 64, Standard of New York 42.5, New Bradford 5, Salt Creek Consolidated 7 percent.
Swampscott Massachusetts August 3 AP predicted a woman will be chosen to replace the late Mrs Gardener on the United States civil service commission. White House officials say many names from both genders have been forwarded to President Coolidge but no clear frontrunner yet. The move would align with the president’s policy of recognizing women in high government roles where they have already served.
Schneidemuhl, Aug. 3 AP Minister Severing inspected a border camp housing several thousand Germans who fled from Poland after the 1920 plebiscite. He found harsh, crowded conditions with 500 refugees in a single hall under hot, poorly ventilated circumstances and planned a second inspection to decide relief steps.
July market records show hogs at 14.75 per hundredweight and cattle at 15.26 per hundredweight, the highest since 1920. Export trade cooled briefly as mining strikes in England and Danish meat imports rose.
A mob of about 606 disrupted a Ku Klux Klan meeting near Islington as five people including two women and a boy were injured. Three Klansmen were arrested after a stone attack on the speaker stand sparked a riot that forced several to shelter inside Stephen Illsley’s wrecked farmhouse.
The Rev. John Gordon dean emeritus of the Temple Theological seminary died at his Philadelphia home aged ?. A native of Scotland he was among the oldest Chicago University graduates and first to receive an honorary degree. He chaired the American Baptist Publication Society board for 26 years. Gordon pastored churches in Chicago Portland Montreal Philadelphia and Lowell.
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