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Newspaper
The Pocatello Tribune
Location
Pocatello, Idaho, United States of America
Date
Dec 12, 1925
Page
3
Chicago market notes corn gains of 1 to 1½ percent while wheat slips 3 to 6 cents as traders weigh large crop sizes and slower corn movement. Oats firm on reduced supplies and provisions trend higher overall despite hog price declines.
Stock prices moved higher amid profit taking in motor shares as speculative money shifted to dividend paying Industrials and rails. Chrysler fell over five points, Pittshburo and West Virginia rose to a record high, Allis-Chalmers gained five, Stewart-Warner edged up, and Sanctions? International Harvester and others showed strong support with about 100000 shares traded.
Wheat futures in Chicago open higher on Liverpool price gains but quickly reverse with heavy selling. No. 1 hard wheat quotes range 1.72 to 1.66, corn and oats follow wheat's lead with mixed moves, hog prices firmer on rising grain costs.
Paris reports a frenzied rush to buy foreign stocks after the franc fell to 27.42 per dollar in the morning. Treasury redemption of 2.5 billion francs into industrial mining and oil shares boosts demand despite a shaky cabinet under attack from coalition-supporting newspapers.
Curb quotations close with several railroad and pipe line stocks listed. Electric Investors 70, Continental 24 percent, Prairie Pipe Line 127 percent, Standard of Indiana 65 percent, Standard of New York 46 54, New Bradford 6 percent, Salt Creek Consolidated 9 percent.
The actual condition of clear ling house banks and trust companies in New York for the week reveals an excess reserve of 4,472,435 dollars, up 11,077,068 from last week's 2,495,570.
Silver prices reported with bar silver at 68% in New York on December 12 and 31 11 164 per ounce in London on December 12.
Foreign exchange notes from New York list irregular quotations in cents for many world currencies. Figures include Great Britain at 4.84 and 4.85 on cables, France 3.65 and 6.5, Italy 4.95 and 4.04, Belgium 4.53, Germany 32.89, Norway 36.36, Sweden 26.74, Denmark 24.92, Switzerland 19.26, Spain 14.2, Greece 1.327, Poland 10.50, Czecho Slovakia 2.96, Austria 14, Romania 46, Argentina 41.50, Brazil 1415, Tokyo 48, Shanghai 77, Montreal 99.16.
Boston reports slow wool trade with dragay safes limited to odd lots at concessions. Domestic wools of choice stocks taken in restricted quantities near the low end of recent quotes. France buying more in Buenos Aires but no major changes from London.
Market reports from Boise and Chicago indicate limited activity as demand improves and prices hold. Idaho Falls notes firm cash trade on U S No 1 and rural sacks with modest shifts. U S total shipments tallied. Chicago sees restrained trading focused on Idaho sacks and varied regional quotes.
A dense list of stocks and preferred shares quotes including American Can, Chrysler, General Electric, General Motors, U S Steel, Union Pacific, and many others. The column enumerates diverse firms across utilities, chemicals, railroads, and consumer goods, reflecting active trading at varying prices.
Cattle receipts total 500 with calves 100. fed steers and yearlings mostly lower by 12 to 50 cents while heifers dip up to 25 cents. Cows rise 15 to 25 cents. bulls steady. Hog receipts 2,500 with mixed changes. top figures around 10.65. Sheep week totals 1,906 with lambs 25 to 60 cents lower. top lambs 16.60 and ewes up to 9.00.
Chicago December hog receipts around 4 000 with ranges for 200 to 200 pound butchers and 140 to 160 pound selections. Prices vary by weight and grade with packing sows and slaughter pigs. Cattle receipts about 3 600 to 4 000 with fat steers and yearlings showing declines and vealers up to 1.00 higher. Week totals show around 4 000 direct and 17 cars for feeding stations.
The O. B. L. Sho Employes association basketball squad leaves the Y M C A for Paris Idaho to play Fielding Academy tonight. The trip paves the way for a large schedule including Portland Seattle La Grande Oakland and San Francisco. Players Larsen Evans Ellsworth Lemon Gassman Young and Manager Pratt accompany the team. The club aims to join a new community league starting after the new year with yard clerks Kraft Cheese Co. depot office crews and others forming teams.
Seattle December 12 The Pacific Coast intercollegiate conference weighs tighter rules on athlete financial support and income sources. J H Hildebrand of California planned a resolution for stricter scrutiny. Conference leaders also set a football schedule for next year and barred Pacific Coast stars from a charity game in San Francisco.
Market recap shows sheep slipping 50 to Tic while feeding lambs gain 25 to 50c. Tops for fat lambs reach 17.45 and feeding lambs 17.25. Fat yearling wethers 14.50, aged wethers 11.59, fat ewes 10.22. Bulk prices: fat lambs 16.00 17.00, cull natives 12.60 13.00, feeding lambs 15.75 16.25, yearling wethers 12.75 14.00, wethers 16.00 11.00, fat ewes 16.02.
Hogs receipts 1286 with 266 to local packers and remaining to western packers. Hogs ranged around 10.56 to 11.00 for drive ins and 10.0 to 11.25 for load lots. Cattle receipts 583 with 249 for market and 337 to western feeders. Week totals 5084 with stock up 25 cents. Beef steers 7.00 to 8.25. store stock 6.35 to 6.80. Top heifers 6.30. cows 14.0 to 24.25. bulls 2.50 to 4.25. Calves 6.50 to 7.00. vealers 7.50 to 8.50. Stocker and feeder steers 6.00 to 7.25. top feeders 7.70. Feeder cows 3.50 to 5.00. Sheep receipts 5171 with 1289 to California feeders. no sales reported.
In St. Joseph Missouri on December 12 the livestock market showed hogs at 10.25 to 11.44 with top 11.44 and most 10.65. cattle receipts about 1,100 with steers and cows and calves pricing mixed. sheep at about 4,500 with lambs around 15 to 16.3 dollars and ewes up to 9.25.
Raw sugar prices in New York were unchanged at 4.02 for Cuban duty paid with light futures trading. The market faced a softer undertone on fears of higher new crop supplies, with December to July futures down 1/4 to 2.25 points net. Refined sugar stayed quiet with fine granulated prices from 5.50 to 6.00.
Boise December 12 the state department of finance refused a permit to sell stock of the Guaranteed Securities company of Salt Lake City. Commissioner E W Porter said the company misinterpreted the blue sky law and operated without a permit. A Utah receiver was appointed for the firm, leading to license denial.
Idaho livestock shippers will save about 15 per car on westbound carrot shipments after the Interstate Commerce Commission adjusts tariffs. Calculations show 3,546 loaded stock cars moved to Huntington Oregon in 1925, yielding a projected statewide saving of 53 196 dollars if 1926 shipments remain heavy. Regional decreases include Nampa Caldwell Mountain Home Cascade Boise and Driggs with savings up to 36 a car.
Seattle dispatch notes Mennonites moving into Canada from Europe while others attempt to emigrate to Mexico. A Galicia colony of a thousand families settled in Alberta’s Peace River district after abandoning a Mexican land plan. The report mentions Regina aborting a train over payment gaps and outlines Mennonite beliefs and related Canadian religious groups.
FE H Logan of Alameda invested 860 in Southern Pacific automobile ferry rebate tickets hoping for a refund. He received a check for 4044.47 after the company refunded 45 cents per ticket, costing ten cents each.
Hugh James O'Neill of Detroit was fatally injured when his car was side swiped on Ocean Boulevard and overturned near West Palm Beach. Mrs. Horace Dodge Jr. was seriously injured but expected to live. the accident occurred early today with O'Neill dying in hospital about an hour later.
President Coolidge has not yet decided on joining the League of Nations invitation for American participation in the Geneva arms limitation discussions. He will study the text to judge aims and methods before forming a stance, while League leaders view U.S. input as valuable despite no army reduction issue at home.
Rome reports Mussolini declares Italy in a permanent state of war as the chamber of deputies passes a law mandating arbitration of all labor capital disputes. He calls the bill a war measure and says the next five to ten years will be decisive amid intensifying international conflict affecting all labor and employer classes.
The county board of equalization proposed a cross word puzzle to counsel L Elam on whether a package is subject to county tax. They debated taxing a Fuller Paint Co. import valued at 7647.16, arguing packages versus shipments under federal tariff law. Board chair H F Lemp called it a crossword puzzle for lawyers.
Togo Shima of Berkeley and his sister Florence Shima, children of California potato pioneer George Shima, sue in San Francisco Superior Court to restore their U.S. citizenship after birth records burned in the 1906 fire. Their parents remain Japanese nationals.
Lisbon reports the Portuguese cabinet led by Domingos Pereira resigned today. President Bernardino Machado refused to accept the resignation, but the premier asserted it. Tribune want ads bring results.
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