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Newspaper
The Pocatello Tribune
Location
Pocatello, Idaho, United States of America
Date
Jun 23, 1925
Page
8
Stocks drifted within narrow limits with light volume as investors weighed a possible market correction against easing tax talk. Gains were seen in American Can Baldwin and selected industrials, while General Electric and several others fell.
New York June 2 production data show lead output by leading countries in May at 104 451 short tons up from April 102 737 tons. United States produced 48 661 tons in May versus 49 409 in April while Mexico reported 17 or tens against 18 425 the prior month. Tribune Want ads for results.
A noisy exchange pits the state board of education against Pocatello officials over rapid growth. The column discusses political pressure, corporate mail order rivals, and a sales pitch for musical instruments and Zenith radios amid a broader public debate.
In New York on June 23 the raw sugar market stayed near 4.40 with 5,000 bags of Porto Rican due by month’s end. July contracts moved to later months amid liquidation. midday prices fell 2 to 3 points while refined sugar held 6.65 to 5.70. Futures closed steady with roughly 87,000 tons sold across July 2.61, September 2.77, December 2.69, January 2.89.
The National City bank estimates Cuba's sugar production to June 15 at 4,906,485 tons with 160 mills finished grinding. This compares with 4,025,445 tons and 17 mills stopped at the same period last year.
New York financial brief lists oil closing bids at 2:15 P.M. Continental 28, Prairie Ice Line 124 percent, Standard of Indiana 66 percent, Standard of New York 45 percent, New at 6 percent, Salt Creek Consolidated 7 percent.
Copper steady with electrolytic spot near 13 1 2 cents and futures at 66 1 2. Iron and lead hold, zinc firm at 700 futures. East St Louis market notes antimony spot at 8.20.
The New York call money market shows firm conditions with high and low quotes near 4 percent. Ruling rate 4 percent, last loan 4 percent. Call loans offered at 4 percent with mixed collateral for 60 to 90 days. Prime rate referenced.
Wheat and corn futures rose alongside oats as reports of black rust infections in Manitoba Saskatchewan and North Dakota pushed prices higher. Opening gains faded then revived with July wheat near 1.64 and September around 1.53 to 1.54, corn near 1.07, and hog provisions firm. Profit taking eased late and close held steady above yesterday.
Hog receipts 22 000. slaughter hogs 12.10 to 12.50 fresh, 13.70 top for heavy weights. Cattle receipts 8 000. cattle and yearlings up 12.00 for some weights, heifers and cows steady to firm. Sheep receipts 10 000. fat lambs and yearlings stronger, native lambs up to 16.00 with other grades higher. Local buyers include shippers, yard traders, and packers amid mixed demand.
Cattle receipts reach 8000 with fed steers and yearlings rising 20 to 26 cents. Southwest cake feds and plainer kinds varied, top yearlings at 11.40 and 11.00 for medium weights. Hogs active with loads up to 13.55 and 13.50 range, 140 to 160 pounds at 12.75 to 13.00. Sheep receipts 1200 with natives top at 12.25 and best grades around 14.75 to 16.45.
Hogs receipts 11,000 with better grade butchers and lights active lifting up to 25 cents. other classes steady to 25 cents lower. Cattle receipts 6,500 with fed steers and yearlings up 15 to 26 cents. stockers and feeders steady. bulls and veal improving. hay fed loads averaging 9.35 per hundredweight.
Idaho Hide and Fur Co of Pocatello lists daily values for hides and wool. Salted and green hides vary by weight and type with prices from 14% to 2.00–3.00 for horses. dry hides at 13% and sheep pelts at 22 cents. wool prices show fine at 35 to 80 cents and course at 6y 9.
ChicagoJune 23 report shows varied potato receipts and shipments with new stock trading fair and prices for barrel cobblers and round whites. Arkansas and Oklahoma successes noted, while North Carolina and Virginia cobblers fetch specified prices. overall market slow in old stock trading.
In Chicago on June 23 poultry prices rose across categories. Fowls sold from 22 to 38 cents, broilers 26 to 45 cents, roosters 14, turkeys 20, ducks 18 to 28, and geese 13 to 22 cents per pound.
Chicago reports butter prices steady with receipts of 28 933 tubs and varied firsts and seconds while eggs rise with 844 cases and higher firsts. New York notes butter steady with 14 187 receipts and eggs totaling 54 670 with mixed grade prices and nearby whites and pacific coast extras quoted. Cheese receipts reach 204 058 pounds with steady markets.
Wheat No 1 hard 1.51. No 2 hard 1.50. No 3 mixed 1.51. Corn No 2 yellow 1.01. No 2 mixed 1.00. Oats No 2 white 4744. No 3 white 46. Summary of grain price quotes from Omaha on June 23.
In New York on June 23 exchanges held steady with quotations in cents for multiple currencies. Notable rates include Great Britain at 4.85 11-16 on demand and 4.86 60 day bills, France around 4.68 to 4.69, Germany 23.81, Switzerland 19.41, Spain 14.51, Argentina 40.25, Brazil 11.12, Tokio 40 percent, Shanghai nominal Montreal 100.
Bond market report from New York on June 23 shows Liberty bonds closing with mixed results. 3s at 100.21, 1st and 2nd 46 blank, 1st 44 102.28, 2nd 44s 101.18, 3rd 4s 101.30, 4th 4s 103.30, U S government 48 at 102.28 and 107.26 respectively.
Ontario California June 23 Joseph Shaw 70 was found wounded with buckshot and one eye shot out in the bush while attempting to reach water. He said he was accidentally shot by one of two boy hunters yesterday and the youths fled. He was taken to a general hospital in critical condition.
Ogden on June 24 reports hog receipts 428 with 66 for market and 413 to local packers. Sheep receipts 12 for market, lambs 15.25 to 16.00 on natives and range lambs 12.70 to 13.00 early sales. Cattle receipts light with market activity limited, feeder steers 6.50 to 7.60, good heifers 6.00, cows down to 2.00, overall demand weak.
The defense for D W Shepherd argued during a tense trial day as prosecutor Crowe conducted a hard line cross examination. Shepherd professed innocence denying poisoning, germs, or murder of Billy McClintock while detailing his education and work history.
The testimony follows Shepherd from a Salina Kansas receiving clerk job to stock duties in a wholesale grocery, then legal questions about his bar admission, later work in a drug store with his brother in law, marriage to Julie Graff, and a five year drug store venture ending with a 1907 sale as cross examination advances through 1923.
Sir Josiah Stamp told the international chamber of commerce in Brussels that Germany can meet reparations only with lower living standards, longer hours, and higher productivity. He warned the Dawes plan may be failing and called for serious study of the situation, citing labor issues and ruinous competition from imports.
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