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Newspaper
The Pocatello Tribune
Location
Pocatello, Idaho, United States of America
Date
Dec 29, 1925
Page
3
Chicago December 29. Wheat prices drop as Liverpool quotations pull back the market. Bulls appear over discounted by U S crop estimates, buyers scarce except on declines. December futures drift to 1.83% and May to 1.75, with corn and oats also softened. Lower hog prices weigh on the grain outlook.
Across St Joseph Missouri Kansas City and Chicago markets, hogs, cattle and sheep show varied shifts. Hogs near 11.75 top in St Joseph, feeders and sows mixed. cattle and calves mostly steady to higher with bulls and veal strong. Chicago hogs slow after large volumes with 11.65 top, cattle steady with good demand for veal calves. Ogden and Omaha report modest gains for select lots and steady demand overall.
New York December 29. Foreign exchanges held steady with quotations in cents and percentages. Major rates cited include Great Britain at 4.84 13 16, France 274, Italy 4.03, Belgium 4.534, Germany 23.80, Switzerland 19.35, Japan 43, Shanghai 77 3 4, Montreal 99 29 32.
Raw sugar prices held with little change in early trading in New York on December 29 as investors noted improved inquiry. Traders moved 23,000 bags Porto Rican and 66,000 bags Cuban for prompt and January shipment at 4.14 duty paid, while refined sugar remained unchanged at 5.00 to 6.50 for fine granulated amid moderate inquiry. The Cuban crop outlook was forecast between 4.4 and 4.809 million tons.
London metal prices report silver at 31 9 16 pence per ounce. New York quotes show silver at 68 3 4 cents, Mexican dollar at 52 cents. Copper dull at 14 3 4 cents, tin at 63.00 to 62 50, iron steady, lead 9.25, zinc 8.70 to 8.75, futures mixed. Antimony 23.00 to 23.50.
New York reports curb quotations as of 2 15 p m with Electric Investors 65 Continental 25 Prairie Line blank Standard of Indiana and New York 464 Bradford 64 Salt Creek Candidates 9 percent.
Weather clear and demand good as market shows strength. Idaho shipments tallied 831 bags on December 25 with total carrot shipments from Idaho on December 2% reaching 7h, while Russet bulk and cash trade details are noted with limited sales reported.
Chicago reports firm demand at the potatoes trading fair on December 24. Receipts reach 61 cars with shipments totaling 331. Wisconsin Minnesota round whites move at 4.00 to 4.50 per cwt, Idaho Russell and Colorado Brown Beauties at 4.25 to 4.50.
Washington reports November trade figures from the commerce department showing crude materials topping export lists at 172.534 million dollars, while finished manufactures and other categories also shift against last year. Imports show crude materials and semi manufactured goods as major components with varying year over year totals.
Minneapolis reports flour prices passing $1 per barrel as the wheat market climbs. Family patent grade in carload lots rose to 9.55 10.15 per barrel, a 25 cent to 50 cent increase over yesterday.
A wide array of stocks including American Can Am Car and Fdy Am Locomotive Am Sm and Ref Am Tobacco Coca Cola Bethlehem Sugar and General Electric trade across a volatile session in New York. Major movers include Chrysler Coca Cola and Union Pacific with mixed gains and losses as investors digest market signals. Weather outlook shows fair conditions tonight and Wednesday with little temperature change.
The United States Smelting Refining and Mining Company boosts common stock dividend to 3.50 per share annually from 3.00 and raises the quarterly to 87 12 cents. A 87 12 cent quarterly on the preferred is authorized. both payables January 15 to holders of record January 7.
Chicago grain and livestock prices list futures style quotes for wheat corn oats rye barley timothy and seeds with No 1 hard wheat at 1.53 1.85 and other grades and products including lard ribs bellies and clover seed.
New York at the close Liberty bonds show mixed prices. First and second 4s hover near 101.21 and 100.19, with other issues trading around 100.25 to 101.28. U S government securities 45 stand at 102.27 and government 4s at 106.10.
New York money market reports a firm to high activity with rates steady. Closing bid and offered rates at 6 percent, last loan 6 percent, call loans against acceptances 4 percent, time loans steady, collateral mix 64 to 90 days at 4 to 5 percent, 4 to 6 months at 4 to 5 percent, and prime mercantile paper at 4 to 4 percent.
More than 700 Idaho teachers travel to Boise for the thirty fourth annual State Teachers association meeting through Thursday. U S commissioner of education J J Tigert tops the program with talks by Dr John Edward Carver Effie B McFadden and Anthony Eower. Governor Moore welcomes attendees as city clubs plan luncheons and teas.
Chicago reports wheat prices jumping today with gains around 2 to 6 percent. Markets rose on expectations of rubber price comparisons and anticipated government support for corn and oats lifting wheat. December futures at 1.87 to 1.89 and May at 1.85 to 1.56.
Elks organize annual New Year Eve dance at the Elks temple with A W Stoker as serial committee chair announcing formal affair. Helen Hobbing Modlish seven piece orchestra will play while a carnival dance with confetti serpentine and favors is planned and a buffet supper will be served. Social committee includes Jack Frankhauser Normal Sperl E G Fulton Douglas Henderson Herb McCain Hood Myers.
New York December 20. Earnings of the Twentieth Century Limited broke all records in 1925 with a gross revenue exceeding 10 million dollars. The overnight New York to Chicago express was operated in nearly 2 000 sections this year.
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