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Newspaper
The Pocatello Tribune
Location
Pocatello, Idaho, United States of America
Date
Aug 23, 1925
Page
8
Stock prices rose today led by southern rail shares as money supplies supported broad gains. St Louis Southwestern common hit a record high around 62 1/2, Frisco common topped $8, and several industrials plus rail-related names posted new 1926 peaks amid firm foreign exchange.
New York stock strong while St. Louis Southwestern climbs six percent to a fresh high. Bonds hold steady with French 8s trading at near 1925 peak. Foreign exchange shows irregular movement as Norwegian kroner strengthens. Cotton prices rise amid ongoing southern drought. Coffee and sugar stay firm during holiday period. Chicago wheat firm on bullish weekly stats. corn falls on larger receipts. Cattle and hog prices mixed with hogs easing.
Chicago reports cool weather fears underpin early trade as wheat and corn rise. September wheat climbs to about 161% with December near 160% while outside markets stay strong. Prices later ease as news proves featureless and futures back off.
Wheat No. 1 hard at 1.68 for futures, No. 2 hard and corn No. 2 mixed around 1.04 to 1.05. No. 2 yellow corn at about 1.04 to 1.05, rye unavailable. Timothy seed at 7.00 to 8.26, clover seed 19.76 to 27.50, lard 17.85, ribs 18.50, bellies 21.50.
Chicago Aug 22 potato market reports receipts 48, arrivals 220 cars on track, shipments 492 cars. Trading is steady with Wisconsin bulk white at 2.00 to 2.10, Minnesota bulk early Ohio at 2.00 to 2.10, sacked 1.90 to 2.00, Wisconsin sacked 1.75. No other sales reported.
Foreign exchanges in New York show steady quotes on August 22 with demands and cables listed for Great Britain France Italy Belgium Germany and other nations. Rates cover currencies from Tokyo to Shanghai and include Montreal and multiple European and South American benchmarks.
New York August 22 Liberty bonds closed with varying results as 3 percent at 10025 and 1st 4s and 2nd 4s left blank. The 1st 4% at 101.10 and 2nd 4% at 100.30 show modest readings while Srd 4m at 101.18 and 4th 4s at 102.16 reflect tentative gains. Co 4s settle at 103.11 with U and Govt 4% figures noted.
New York reports bar silver at 70 percent, Mexican dollars 64 percent. London quotes bar silver at 32 and 4 per ounce, money unchanged. Tribune want ads are effective.
Chicago wheat traders saw limited deliveries and light offerings amid cool Canadian northwest weather. September futures near 1.62 percent gains, December around 1.61 while corn and oats drift lower and lard slips slightly as foreign demand remains uncertain.
Hogs receipts uneven with movers steady to 10 cents lower than Friday. Better weights 140 to 210 pounds 13.35 to 13.60 top 18.65. 226 to 326 pound butchers 12.50 to 12.70. shippers 10.00. estimated holdover 6,000. Cattle receipts 600 with fed steers 60 cents to $1 lower. grass stockers and feeders off 25 to 35 cents. vealers steady to 25 cents lower. western run ~12,000 head. top quote 156.50 with early loads to 16.10. grain fed steers 10.60 to 13.75. stockers and feeders 6.00 to 8.00. Sheep receipts 1,000. fat lambs 60 cents lower. feeding lambs strong. fat lambs 14.50 to 16.25. ewes 6.00 to 7.50. yearlings 10.50 to 11.50.
Cattle receipts total 300 with calves 100 as prices show mixed moves. Better steers and yearlings fetch 19.00 and up, grassers and lower grades mostly down 60 to 1.00, top heavy steers around 16.00, grain fed heifers weaker, cows and veal also flat to lower. Hogs receipts 8,600 with steady to lower packer trade and mixed weights. Sheep receipts 1,000 with lambs 25 to 35 cents lower, top Colorado 15.25 and natives around 15.00, Texas wethers 8.00 to 8.25, breeding ewes 8.25 to 14.00.
The note covers USDA livestock receipts and price ranges in Ogden Utah and St Joseph San Francisco, with hogs cattle sheep quotes. It lists weekly totals, market closings, and price movement for beef, pork, veal, and lamb across multiple markets and weight classes.
Market notes show Continental at 23 percent, Prairie Pipe Line 123 percent, Standard of Indiana 61 percent, Standard of New York 41 percent, New Bradford 5 percent, with curb closing at 2:15 a.m. on August 22.
New York reports the week’s actual condition shows an excess reserve of 25 million 126 thousand two hundred. This marks a reserve increase of 20 million 57 thousand 930 dollars from the prior week.
Reutlingen Germany August 22 The method uses hemp weaving to partially replace cotton in cloth. German expert Dr Gminder says hemp exports will substitute for cotton, noting 5 million acres of moorland in Germany suitable for growing hemp.
A temporary injunction was granted preventing the East Liverpool board of education from teaching the Bible in public schools. The court action came after a Bible study course had been added to the school curriculum.
Omaha Neb Aug 22 The livestock market shows uneven receipts with 6 000 plus cattle and 25 sheep reported. Fed steers and yearlings are mostly lower while fat lambs and breeding sheep stay mixed. veal and stockers show modest gains, with weekend averages near 11 95 to 12 76 for cattle and lamb ranges around 7 00 to 14 60.
Arthur Dalziel trustee in bankruptcy for Selzoniki Distributing files suit in the supreme court seeking 14 million dollars in damages for creditors and motion picture firms tied to Louis Selzoniki.
The weekly report shows wheat prices higher than last week due to eastern support after a decrease in the visible supply. Corn, oats, and provisions fluctuated with small changes within narrow limits. Winnipeg and Minneapolis markets rose on miller buying amid northwest weather concerns.
Hideo Takahira of the Tokyo Nutrition Laboratory received a Keio University Doctor of Science degree for his thesis on The Anagennesis of the Body of a Japanese. He has long studied fasting and conducted self experiments, abstaining from food for three to four weeks to argue that a Japanese can fast for a period of fifty days.
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