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Newspaper
The Pocatello Tribune
Location
Pocatello, Idaho, United States of America
Date
Jun 11, 1925
Page
8
Wheat prices eased in early Chicago trading on June 11 as heavy rains in Canada pressured values. July and September fluctuated before settling below the prior session, while corn and oats gained on weak crop prospects. No NY sugar changes seen with steady refined quotes and usual old-contract withdrawals.
Stocks showed a firm tone at the opening with gains led by Havana Electric Maxwell Motors and American Foreign Power. By late trading several issues rose 244 points or more, aided by easy money and constructive trade news as total volume approached 1,150,000 shares.
In New York at 2:15 P.M. on June 1, curb oil quotes registered modest moves with Continental at 27, Prairie Pipeline 127, Standard of Indiana 67 ½, Standard of New York 44, New Bradford 6, and Salt Creek Consolidated 8 percent. Curbs varied across stocks as trading closed for the period.
Chicago hog and cattle quotes show mixed demand with active hog trade and steady to higher prices for some weights. Cattle and sheep receipts across Chicago St Joseph and Omaha reflect uneven demand, with best steers and yearlings around 10.70 to 11.10, and hogs trading mostly 11.60 to 11.85 with some heavier weights reaching 11.95.
Chicago reports mixed potato receipts with new stock rising to 516 ships from 125 old. market firm for new stock with strong demand and steady sacks. Wisconsin Michigan round whites quoted around 1.85 and 1.25 with variation. North Carolina Irish cobbler and other varieties noted with prices around 6.25 to 5.60, Oklahoma and Arkansas prices described with quality affecting bids. London baysilver prices also noted.
June 11 reported steady foreign exchange quotations in cents with Great Britain at 4.85 percent demand and 4.86 cables, France at 4.87 percent and 4.38 cables, Italy 896 percent and 3.14 percent cables, Belgium 4.19, and other nations listed with varied rates including Tokyo 40.58 and Shanghai 77 percent.
Copper trends show electrolytic spot and nearby up around 13 percent with futures at 13 percent. Tin soft with spot and futures near 66.25. Iron remains steady with unchanged prices. Lead quiet, zinc steady with St Louis spot and futures around 6.97 to 7.00 percent. Antimony spot around 16.50 to 16.75.
Call money ease to 3 percent with a cutting ruling at 3 percent and closing bids around 83 percent. Time loans steady with 60 to 90 day terms at 3 percent and 4 to 6 month terms at 3 percent. Prime commercial papers quoted around 34 percent.
New York June 11 Liberty bonds show mixed results with several issues trading higher and others steady. First and second 4s are blank, while Treasury issues including 4% and 4a securities posted readings around the 101 to 107 range.
In New York on June 11 prices for bar silver held at 68 percent content and Mexican dollars traded around 63 percent. The market showed steadiness with limited volume as buyers and sellers awaited further cues.
Furnished daily by the Idaho Hide and Wool Co. in Pocatello Idaho the notice lists prices for hides and pelts. Salted and green hides priced by weight with ranges from 1 to 12 percent for various types and animal sizes. Sheep pelts wool prices vary by wool length and quality with ranges and discounts for short wool and pieces.
The prosecutor described a secret lab in the McClintock home and a western drug store owned by Mrs. Shepherd's father. He noted Mrs. McClintock's death, Shepherd's elation at the news, and a prior will plus a later one. Crowe labeled Shepherd a police court hanger on in Indianapolis.
The municipal council and the General Union of Education Labor and Commerce clash over power in Canton. The chamber seeks a quick settlement as Chinese business suffers. It reports receiving thousands of dollars from Peking Tientsin the South Sea Islands and Mexico to aid idle workers.
In Moscow and Leningrad today communist central organizations and working men's clubs held protest meetings against the shooting of rioting students by Sikh police in Shanghai.
The Right Reverend J. H. Root, Protestant Episcopal bishop of Hankow, called disturbances in China the most active anti Christian movement in years. He noted some sympathy with anti Christian actions but said regional church leaders expect the agitation to aid Christianity in the Far East. He travels to New Orleans for a church convention.
The U.S. government through the State Department reiterates it would not be a party to the proposed European security pact nor assume responsibility for it in any way.
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