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Newspaper
The Pocatello Tribune
Location
Pocatello, Idaho, United States of America
Date
Aug 20, 1925
Page
3
Wheat opened higher in Chicago with miller demand at Minneapolis and strength at Kansas City. September futures traded around 1.61 and December near 1.60, though later eased but stayed above the previous close. Oats moved modestly with mixed initial ranges. Provisions remained firm.
Foreign exchange rates in New York on August 20 show steady quotations across major currencies. Rates listed include Great Britain at 4.856% demand and 4.85% cables, France 4.86% demand and 4.69% cables, Italy 2.61% demand and 3.62% cables, along with other currencies and approximate figures for Belgium Germany Norway Sweden Denmark Switzerland Spain Greece Poland Czecho Slovakia Uruguay Slavia Austria Roumania Argentina Brazil Tokyo Shanghai Montreal and related 60 day bill figures.
New York on August 20 shows call money steady with a 4 percent ruling rate and closing bid at 4. Time loans ease with mixed collateral for 60 to 90 days at about 4 4 percent and for 4 to 6 months at 4 percent. Prime commercial paper quoted around 4 4 percent.
New York market notes copper firm and electrolytic spot and futures up 14 percent. Tin steady with nearby and futures around 57 to 76. Lead firm at 9.40 to 10.00. Zinc firm in East St. Louis with spot and futures near 7.65. Antimony around 17.75 to 18.00.
New York bonds closed with 3 percent at 100.26, 1st 4s at 102.7, 2nd 4s at 100.2, 4th 4s at 101.2, 1st 4s 102.7, and U S government 4s at 1074 with other rates shown.
Silver and oil prices move across markets with fractions, listing rates in New York and London. The report notes bar silver at 70 percent, Mexican dollars at 64 percent, and oil prices around 2.15 per barrel with closes on several listed oil stocks and refiners.
New York stocks opened higher as rail and industrial shares showed renewed demand and oil issues rose on a crude production cut. Motors fell, Mack Trucks slid early then rebounded, and overall volume reached about 1.5 million shares as oil shares led advances and currencies opened steady.
Chicago reports 14 000 hogs with gains up to 85 cents and mixed demand across weight ranges. cattle receipts 6 000 with slow trade but higher asking prices for heavy fed steers. sheep receipts 14 000 with fat lambs slow and some price firmness for better grades. Omaha shows uneven hog gains 15 to 35 cents and steady cattle. Kansas City notes active steers and yearlings with strong fat cow trades. St Joseph reports higher cattle and sheep prices. Ogden sees limited sales with lights and butchers firm at slight gains.
Local notice announces Gypsy Trail event this evening at 8:30 PM in Recreation 8. The program is led by L D 8 and includes instruction and participation.
Major equities in the session include American Car and Foundry American Sugar American Tobacco Coca Cola General Electric General Motors Northern Pacific Pan American Petroleum Radio Corporation Southern Pacific Union Pacific Westinghouse Woolworth and more with varied price changes and ranges across industries. The list shows many preferreds and percentage changes reflecting market breadth and sector performance.
In New York on August 20 raw sugar held firmer yet slipped 1.32 cents with 7,000 Cuban bags sold from storage and 2,000 for prompt shipment to a focal refiner at 4.87 duties paid. Futures eased on September liquidation and later positions, while spot market offerings, mainly duty free silvers, pressured prices 3 to 6 points lower. Refined sugar stayed steady to five points higher with the list at 649 to 660 four fine granulated, though higher refiners reportedly accepting orders at 550 amid rising export activity.
Chicago August 20 reports potato receipts at 42 cars with 646 shipped. Market weak with slow trading as Minnesota and Ohio round whites, Wisconsin sacked and bulk round whites, and Colorado sacked cobblers show prices from 1.75 to 2.60 per cwt. No sales on Idahos.
Chicago markets list grain futures and seed prices. Wheat No 2 red marked 167 percent, corn No 2 mixed 106 107 percent, oats No 2 white 41 42 percent, rye No 1 108, barley 63 4 percent. Seed prices show timothy at 7.00 and clover at 19.75 to 27.50. Lard and rib beef prices listed with pork belly at 21.75.
Seven room modern house at 712 South Ninth Ave features furnace bath basement and a newer kitchen. Lot measures 410 by 140 feet in a good neighborhood with a very low price and terms negotiable.
Corner lot 230 by 140 with front and back porch and full basement. The 7-room brick dwelling in Demend peers offered at a very low price and terms. Owner in the east. asking $2600, property worth $3500. Includes two full lots 60 by 140. Located between Tech and Center streets near Pocatello.
In Peking Roy Chapman Andrews reports that Mongolian authorities have ordered the American Museum expedition to leave Mongolia. Officials cited alleged political propaganda and topographic work as reasons for expulsion, while Andrews claims his team found artifacts from an ancient dune-dwelling culture in the Gobi Desert.
New York reports that Roy Chapman Andrews led a Mongolia expedition uncovering traces of what may be the earliest primitive man. Anthropologist Clark Wissler says the finds suggest Asia’s stone age culture paralleled western Europe, promising clues to America’s prehistoric connections and position in human history.
Warsaw reports Leon Trotsky restored to power as chief of the economic council in the Soviet Union. The move follows his return from alleged exile and signals renewed influence without broad political power.
The article recalls Victor Lawson of Chicago and his penny newspaper strategy. It highlights penny shortages, Lawson's nationwide penny sourcing, and his steadiness during the 1912 Democratic convention fake armistice event, when he refused to panic and did not issue an extra on rumor.
Louis Gonzales, sentenced to one to fifteen years for burglary, claimed he had evidence at his home. He was escorted from the county jail to retrieve it but escaped instead. Police and sheriff's deputies pursue him.
New York August 20 AP Praneis Lee Higginson a founder of the banking firm Lee Higginson and Company is dead at his summer home at Prade's Crossing. He was years old at the time of his death and word of the death was received today.
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