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Newspaper
The Pocatello Tribune
Location
Pocatello, Idaho, United States of America
Date
Aug 08, 1925
Page
3
Wheat prices surged 13 to 16 percent from a week ago as Canada drought and crop damage reports trim U S output estimates. Corn and oats rose modestly while provisions gained 2 to 4.5 cents. Farmers face uncertain September deliveries amid light Chicago arrivals and strong domestic demand.
Chicago reports wheat prices easing from a week high as profit taking and prudent positioning ahead of Monday government crop report push values back. September wheat at 1.664 and December around 1.63 to 1.64, with activity described as nervous. Lead prices rise as American Smelting and Refining increases from 8.75 to 8.90 cents per pound in New York.
Wheat No 2 red at 1.55 1.75 percent. No 2 hard 163 1.68 percent. corn No 2 yellow 1.08 1.08. No 2 white 43 43. No 3 white 42 42. rye none. barley 78 83. timothy seed 7.25 8.50. clover seed 19.50 26.90. lard 17.50. ribs 19.00. bellies 22.00.
A newspaper columnist recounts rejecting gimmicky photo ideas for an ad due to uncanny resemblances and risky associations. The piece notes a practical sales pitch offering 12 gauge Remington shotgun shells at $1.15 per box.
New York August 8 AP shows aggressive gains on the stock market with broad buying led by high priced industrials. Despite brief pullbacks in profit-taking and short selling, the overall trend remained up as steel, equipment, motors, and utilities hit new peak prices. About 800,000 shares traded as notable gains appeared for Chesapeake and Ohio Coca Cola U S Steel and several others.
The International Institute of Agriculture in Rome reports eighteen northern hemisphere countries excluding Russia and China will produce about 2.147 billion bushels of wheat, up from 2.098 billion last year. Egypt’s crop is estimated at 36.633 million bushels, vs 34.186 million last year, lifting North Africa to 105.0 million bushels, up 25.0 million from last year.
Stock prices rose this week amid improving trade prospects with gains in steel and copper and high grade railroad and industrial stocks. Strong demand and pool activity boosted utilities, with United States Steel hitting a four month high as copper strengthened and car loadings topped a million.
Wheat futures rose as buying for future deliveries and cash wheat for Montreal and Europe offset earlier weakness from Liverpool quotes. September and December contracts moved higher after an initial drop, while corn and oats opened lower but remained within limits. Provisions strengthened on firmer hog markets.
Boston August 8 AP The Commercial Bulletin reports wool trading dull and irregular with most sales at slightly lower prices. Fancy lightweight worsted sells strong while heavyweight repeats lag. Jericho pool sales mark Western trade with a French mill buying at 42 cents. Mohair remains weak and quotations vary by grade across regions.
Chicago reports mixed potato receipts and shipments with fair trading and a weak market. Prices varied by region, with Minnesota and Ohio sacked cobblers around 2.10 to 2.60, and Kansas Missouri sacked cobblers near 2.60 to 2.96, dependent on quality and condition.
London and New York quotes show silver at 92.4 cents per ounce with slight fluctuations as traders assess Mexican and Anglo market cues. Near term activity centers on commodity exchanges and currency movements amid a quiet session.
Livestock prices show hogs mostly 10 to 26 cents higher with top 14.05 for 149 to 220 pound pigs and 13.60 for 200 to 300 pound fat hogs. Cattle receipts around 600 with choice fed steers up to 15.66 and western grass runs varied. sheep receipts 2,060, fat lambs 15.40 to 16.60, natives around 14.50 to 16.00. Overall activity steady with payrolls and direct shipments noted. multiple weights and classes listed with weekly bulk price ranges.
Cattle and hog receipts across Kansas City and Ogden show mixed changes with fed steers reaching 12.00 and above, large calves around 100 head, and varying grades from grassers to creeln fed cows. Hogs top near 13.75 with day averages 13.00 to 13.60, sheep around 15.25 to 16.00 for westerns, and weekly gains noted in multiple categories.
Foreign exchange quotations in centesimal terms show Britain at 4.85 percent with cables 4.86, 60 day bills at 481, and France 4.66 with cables 4.67. Italy 3.6645 and 3.67, Belgium 4.51, Sweden 26.866, Denmark 22.76, Spain 16.44, Poland 184, Argentina 40.377, Japan 41, Shanghai 78, and other currencies including Holland, Norway, Switzerland, Czecho Slovak, Jugoslavia and Romania listed with varying bids.
The joint congressional committee probing postal rates heard testimony on how higher charges affect publishers and mailers. Mackinnon of Pictorial Review described evading the zoning law via a re entry system and questioned rate changes. Others cited declines in circulation and potential business losses from elevated postage.
New York closing figures show Curb Oil at 23 percent Continental Prairie Pipe Line 128 Standard of Indiana 62 Standard of New York 41 New Bradford 68 Salt Creek Conn 6 percent.
A sealed federal grand jury indictment relates to a nationwide mail order bootleg ring uncovered by a Broadway raid last month. No count of indicted individuals was released. Prosecutors say the syndicate was backed by millions of dollars with customers across more than seventy cities and towns.
Plenty of money to loan an A-1 business property at 4 percent. Apartment loans at 7 percent and housing loans at 8 percent. All straight loans with liberal pre payment options. Also attractive monthly installment loan.
Longport Ind Aug 8 AP Alexander Collins 40 arrested on charge of stealing flowers from the grave of his only child. The accusation comes from his estranged wife who watched him remove and destroy the bouquet from a concealed position.
The Aug 8 Commemoration marks the hundredth birthday of Council Grove as residents recall the 1868 Cheyenne raid and Charles Curtis escape to Topeka. Veterans recount the alarm, the boy’s trek, and the brief clash that left one Kaw wounded and one Cheyenne dead as the town steadied after the attack.
Readable fragments describe Gamnet Grove events from August 8 to 15 honoring the Santa Fe Trail treaty with the Osages dated August 1. The piece evokes old timers and historic days, highlighting community memory and regional history.
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