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Newspaper
The Pocatello Tribune
Location
Pocatello, Idaho, United States of America
Date
Jan 13, 1925
Page
8
Stock prices rallied as heavy turnover lifted oil issues and blue chips. New York opening showed gains across Standard Oil of New Jersey Marland Phillips Petroleum and related oils while U S Steel held firm near 125 percent and rail shares firmed with Missouri Pacific and Katy leading.
Exchange markets report easy foreign exchange with quotes for Great Britain, France, Italy, Belgium, Germany, Poland, Norway, Sweden, Denmark, Switzerland, Spain, Greece, Czecho Slovakia, Yugoslavia, Austria, Romania, Argentina, Brazil, Japan, and Montreal. Major rates include Germany 23.80, Poland 40.34, Tokio 38 percent, Argentina 9.94, Brazil 11.94, Belgium 4.99 cables, and France 5.34.
Hogs receipts 52 000 with higher but less active trade as big packers hold back. Cattle receipts 11 000 with steady to strong demand, top steers around 12.75 and up to 12.00 for prime weights. Sheep receipts 14 000 with fat natives and Westerns 18.00 to 18.50 and lambs around 16.50 to 16.75. markets show mixed strength across hogs cattle and sheep.
Omaha Neb June hog receipts 21 500 with 10 cent higher prices the early sale range for 200 to 250 pound hogs 10 25 to 10 65 top 10 75 and desirable 160 to 212 pound hogs 9 75 to 10 25 packing sows around 10 00 and er pig prices 7 50 to 8 50. Cattle receipts 7 000 fed steers and yearlings active up to 15 25 cents with cattle averaging 6 75 to 9 00 and odd heads to 11 25. butchers cows 15 to 25 higher with veals up 25. stockers and feeders up about 25. sheep receipts 5 500 lambs 25 to 50 cents higher with bulk at 17 50 to 17 85 and top 17 90.
Kansas City market reports receipts and price ranges for cattle hogs and sheep with early top figures and daily movements. Cattle calves steers heifers bulls and stockers show mixed shifts while hogs gain 10 to 15 cents with top around 11.00 and sheep lambs rise modestly with tops near 18.75. St Joseph totals show hogs 6,600 receipts up 15 to 20 cents and cattle and sheep with varied gains and steady ranges.
The sugar market opened steady with raw Cuban duty paid at 4.55 and no sales. Raw futures slipped briefly on liquidation but recovered. refined prices stayed unsettled, with 6.10 to 6.25 for fine granulated and refiners seeing some business below list. Futures closed steady with around 14 000 tons sold. January 4 2.78 March 2.76 May 2.88 July unknown.
Early morning trading slow and steady as receipts reach 53 cars. U S shipments total 729 with Wisconsin sack round whites at 1.05 to 1.15 and ancy 1.20, Minnesota sack round whites mostly 1.05 to 1.10 with sacked russets 1.25, Idaho sacked russets 2.10 to 2.25 and fancy 2.35.
Rutter reports steady close with mixed outputs and high receipts for eggs and creamery butter. Strong poultry and cheese market notes in New York and Chicago reflect price shifts, with varied firsts and extras across products and regions.
Chicago markets opened with sharp gains as May wheat jumped to 1.88 a bushel before slipping back. May delivery hit a war high then cooled with July firm but off its peak. Corn and oats rose in sympathy as hog and grain values moved higher. a late profit taking pullback left May near 1.85 and July around 1.57. Kansas City saw sales at 2.02 a bushel marking a rare $2 level after a four year gap.
New York stocks summary lists closing prices for leading companies including Allied Chemical American Can American Car American Locomotive American Smelt American Sugar American Tel American Tobacco American Waterworks American Woolen Anaconda Copper Atchison Atlantic Coast Line Baldwin Locomotive Baltimore & Ohio Bethlehem Steel California Petroleum Canadian Pacific Central Leather Cerro de Paseo Chandler Motor Chesapeake & Ohio Chicago & Northwestern Chicago Mil & St Paul pfd Chicago R I & Pac Chile Copper Pan American Petroleum Consolidated Gas Gulf States Steel Mailand Phila & Reading C I Republic Iron & Steel Reynolds Tobacco St Louis & San Francisco Seaboard Air Line Roebuck Sinclair Connell Sloss Sheffield Steel Southern Pacific Southern Railway Standard Oil of California Standard Oil of New Jersey Stewart Warner Studebaker Texas Company U S Cast Iron Pipe Coca Cola Colorado Fuel Iron Corn Products Coltan Oil Crucible Steel Cuba Cane Sugar Davison Chemical Du Pont Famous Players General Asphalt General Electric General Motors Houston Oil Hudson Motors Illinois Central International Harvester International Merc Mar Invincible Oil Kennecott Copper Lehigh Valley Louisville & Nashville Maxwell Motors Mexican Seaboard Oil Missouri Kan Tex Missouri Pacific pfd Montgomery Ward National Biscuit New York Central N Y H & Hartford Norfolk Western Northern Pacific Pacific Oil Phillips Pure Oil Reading Texas Pacific Tobacco Products Transcontinental Oil Union Pacific U S Industrial Alcohol Utah Copper Wabash pfd A Westinghouse Electric Willys Overland Congoleum Great Northern pfd Kelly Springfield Mack Truck National Lead Pennsylvania United Drug U S Steel Woolworth
Copper futures rise 15 percent to 4 154 with spot prices 4 154 and nearby 5 87. Tin holds at 59.90 futures, lead steady at 16.70 spot and 10.75 near. Zinc and antimony quoted with East St. Louis spot at 7.90 and antimony at 17.50.
Call money remained steady at 3 percent with the ruling rate at 3 percent. Closing bids stood at 3 percent, with 2 percent offered. Call loans against acceptances were 2 percent, time loans mixed between 2 and 3 percent for 66 to 90 days and 4 to 6 months, with prime commercial paper at 2 percent.
New York January 13 liberty bonds closed with mixed results as 1st and 2nd editions traded close to parity. Prices shown include 101.10 for 23%e and 101.20 for 1st 2nd bonds with varied yields across issues.
The report records bar silver at 68 percent Mexican dollars in New York on January 1 and at 3240 per ounce in London on January 13, indicating market rates for precious metal in two major financial centers.
Prices current January 13 show Wheat No 1 hard at 1.78 to 1.81 per unit and No 2 hard at 1.754 to 1.77. Corn No 3 white at 1.1 percent and No 2 yellow at 1.23. Oats No 2 white 59 and No 3 white 58. Kansas City quotes Wheat No 2 hard 117 to 1.97 and No 2 red 199 to 2.01.
The report states Houghton will become ambassador to London and Kellogg will visit the U S before Mughes retirement on March 4. It notes possible shifts among ambassadors in Rome and Brussels and a new agriculture secretary to succeed Gore.
In Idaho on a dairy mission Kraft notes the state has the right elements for a thriving cheese industry. He credits Herman Laabs with establishing 77 operating factories and says more will follow as locations are found. Kraft's group ships cheese globally and forecasts Idaho becoming a leading dairy state within a decade.
Winnipeg on January 13 reports wheat prices continuing upward. May futures topped the season at 1.94 dollars, nearly two cents above yesterday's close, while July futures also hit a new peak at 1.91 dollars.
Port lands report cattle and calves nominally steady with no receipts as steers bring 7.26 to 7.75 while mediums run 6.25 to 7.25. Hogs likewise steady with no receipts recorded.
A reader reminder about a weekly chicken dinner offered for 45 cents on Thursdays. The message references a weekly promotional event with a casual, informal tone and lacks full venue details.
High school Treble Clef club performed several pieces while Mr. Kraft praised a song called The Cheese Song by Mr. Sanford and requested the words and music to promote its fame back east. Guests included John Hyldahl D P Donald son H I Laabs and others from Krafts cheese network. Wy P McDonald and Thomas of Snowcroft and Sons were also introduced. Luncheon ended with thanks to Mr Kraft by Mr Pond and Rotary acknowledgment by Finis Bentley.
Superintendent Walter R. Siders of Pocatello public schools will present the luncheon program on the recent reorganization and new junior high features. He will explain innovations from elementary to senior high, including methods adopted from eastern schools, and discuss progress during the past year to Chamber of Commerce members.
Western and Midwestern livestock growers gather for the twenty eighth annual American National Livestock association convention in Albuquerque New Mexico. Delegates report the industry faces a grave crisis with cattle prices near 1914 levels and costs about 75 percent higher than wartime prices. Many stockmen have gone out of business and more may quit unless relief is found. Executive committee meetings are held today.
Cleveland reports from underwriters show thirty seven lives and fifteen boats lost on the Great Lakes in 1924, the worst total in years.
Washington January 13 AP discussion at the annual Associated General Contractors of America sessions centered on internal industry problems and relationships. Topics included taxation labor union impact on schedules and contract forms.
President Coolidge advocates enacting farm legislation by Congress before March 4. He expects the Agricultural Commission’s report to be worthy of support and aims to avoid an extra session. Emphasis will be on relief for the cattle industry noted in his Chicago speech.
H. W. Lane longtime Salt Lake club owner says he abandoned plans to buy the Vernon club. He blamed Ed Maier for setting the price too high after three offers were rejected. Lane will focus on Salt Lake club affairs.
Wilbur D. Campbell, indicted last week on jury tampering charges in the Kid McCoy manslaughter verdict, surrendered to the sheriff in Los Angeles. He was arraigned and released on bonds of five thousand dollars after juror William Apffel reported the alleged tampering.
A one story wooden hospital under the American Episcopal Church mission was destroyed by fire in Tokyo. All patients were rescued by hospital staff with help from sailors and marines from a nearby naval station as a wintry gale hampered efforts. The building had been a temporary replacement after the Tokyo earthquake.
A Metropolitan Grand Quartet performs at Tech Auditorium on January 15 at 8 15 PM with admission set at 75 cents. The event details include venue and start time, presenting a compact community concert notice.
Paris January 13 Premier Herriot, on his first public appearance since illness, was cheered only by leftist groups forming his majority. The applause lasted under 20 seconds as communists and many right deputies stayed away. Paul Painleve was re elected chamber president with 313 votes amid opposition abstention.
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