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Newspaper
The Pocatello Tribune
Location
Pocatello, Idaho, United States of America
Date
Aug 30, 1925
Page
10
Stocks ended the day showing declines across many favorites as investors booked profits ahead of next week’s impacts from coal mine suspensions. Industrials like American Can and Certainteed posted gains, while rail shares and several truck makers slipped. foreign exchange movements were modest with sterling near 4.85 and the French franc around 4.49 cents.
Boston reports domestic wools moved during the week in most lines yet volume remained small in many grades. Ohio fleeces and bloods wools plus territory and fine end combings were most active with offers near quotations. Trade centers on mills booking orders and prices expected for the week.
Irregular price action marks a trading day with Pierce-Arrow issues reaching new highs. Foreign exchanges stay firm with Scandinavian currencies firm. Cotton and sugar show holiday softness while coffee weakens. Chicago wheat falls on weak export demand. Corn remains steady amid poor crop news. Cattle and hog markets steady to weak with soft demand clues.
Chicago August 2 AP reports a sharp early break on the board of trade as liquidation hits both September and December wheat. December falls to 1.43 while September dips to 1.53 but later recovers some, corn, oats, and provisions also show weakness and dull price action.
New York August 29 The stock market opened with uneven price movements. High priced specialties fluctuated within narrow ranges while some sectors showed bullish activity in motors tobacco chemicals and shipping shares. Oils held steady despite crude price cuts. Rail interest remained light though Gulf Mobile and Northern and Colorado and Southern hit new 1925 highs. Totals around 600000 shares traded.
Chicago prices for wheat corn and oats fell after the government supply report and frost news. Wheat declined 4% to 5% from a week earlier as a weeklong hammering pattern continued with light buying later easing, while corn led the drop with September delivery down 11% to 14% and oats sliding about 1% to 1.5% amid light trade.
Boulogne August 29 AP reports Gertrude Ederle, American swimmer, plans a second attempt to cross the English Channel starting Monday as tides improve. A rising barometer signals good weather prospects for the crossing.
Bearish sentiment dominated trading as favorable Northwest weather and rising interior grain movement pressured prices. September wheat fell to 1.58 1/4, December 1.63 1/2, corn mixed, oats soft, and provisions up modestly as traders weighed drought reports and looming surplus disposal.
Chicago market prices show Wheat No 3 red 1.63 and No 2 hard 1.66% 1.57. Corn No 2 mixed 93% and No 2 yellow 94 94%. Oats No 2 white 29% and No 3 white 88% 39%. Rye No 1 9744 98. Barley 66 73. Timothy seed 6.75 8.00. Clover seed 20.00 20.75. Lard 17.05 ribs 17.25 bellies 21.50. CURD OIL New York close Continental 125% Prairie Pipe Line 122 Standard of Ind 61% Standard of N Y 40%.
Chicago and Omaha market notes show hog receipts near 7 000 and 5 500 with varied prices by weight. Cattle values rise for fat steers and heifers while western feeders and calves fluctuate. Sheep receipts around 2 000, with fat lambs strong and feeding lambs up.
Cattle receipts total 600 with calves 100. Steers and yearlings eligible to sell at 12.00 and up rise 25 to 50 cents. grassers fall 25 to 60 cents. Top steers at 13.85. medium 12.75. yearlings 13.00. short loads 14.00. Veal and calves show declines. butchers and stockers mixed with varied grain feed prices listed.
Hog receipts 2 500, fairly active, mostly steady with yesterday. Shipper top 13.09, packer 12.35, bulk 11.12 to 12.80. Cattle and calves show mixed gains and declines across stockers, heifers, cows, and calves with range 4.25 to 8.35 for various classes. Sheep and lambs higher in spots, top natives 14.75, ewes 8.50 to 9.50, wethers 7.75 to 8.29, rams 7.50 to 7.75.
Hog receipts 422 uneven about steady top 12.80 bulk 12.66 total 4712.76. Cattle receipts 100 nominal bulk Steers 12.50 top 13.00 cows and heifers 13.60 calves 4.60 total 11.59. Sheep no receipts steady ewes 6.00 7.50.
Hog receipts five for market with offers around 12.85 to 13.00 or steady, no sale desirable. Cattle receipts five for week show she stock about 25 cents lower, other classes steady. good cows and heifers 6.00–6.50, common to medium stock 2.75–4.75, canners and cutters 1.50–3.50, medium grade 975–1,150 per head, beef steers 6.50–7.25, hog driving bulls 4.50–4.25, good vealers 8.00–9.00, calves 6.50–7.00, stocker and feeder steers 6.00.
New York August 29 Liberty bonds closed with 4s at 100.28 and 1st and 2nd 4s at 102.8. Ind 4s at 101, 3rd 4s at 101.17, 4th 4s at 10211, U S government 4s at 102.28.
In New York markets, 2 percent silver is noted at 71 percent and Mexican dollars at 54 percent, reflecting coinage purity standings for investors and collectors.
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