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Newspaper
The Pocatello Tribune
Location
Pocatello, Idaho, United States of America
Date
Mar 14, 1925
Page
3
Chicago reports a sharp reversal in wheat prices with a wide intra day swing and firm closes. May and July futures move from gains to losses then rebound, while oats corn and provisions follow wheat’s volatility amid renewed export activity. Winnipeg and Kansas City show further price moves with bids and futures creating a tense, high volume trading day.
The raw sugar market in New York remained steady at 4.77 duty paid for spot and 4.84 for later shipments. A sale of 5,000 Cuban bags to an operator for April shipment at 8.84 was reported. Futures were light and range bound, closing narrowly mixed, March at 3.03, May 3.10, July 8.27, September 3.40. Refined sugar held 6.00 to 6.20 and refined futures were nominal.
New York reports steady foreign exchange with multiple currencies quoted in cents and percentages. Denver notes about 75 percent of Colorado coal mines closed due to mild weather reducing demand, with five companies planning to revert to the 1917 miners wage scale.
The Ida Ho Falls bureau reports a steadier potato market on Thursday with moderate haulings and wire inquiry. Sacked russets stay at 1.45 per bag, sacked rurals near 1.20 to 1.25, bulk russetts at 1.20 to 1.25, and bulk rurals at 90 to 96 cents. Thursday shipments total 62 carloads, mainly to outside destinations including Ogden, Los Angeles, Chicago, Denver, and Pocatelto.
Chicago March 4 Wheat falls nearly 40 cents in weeks amid European demand drop and crop fears. May futures slip from 1.89% to 1.66% as rains end drought fears and Liverpool arrivals rise. Corn oats and lard also retreat on wheat weakness with provisions sliding.
Poultry alive higher on March 14 with fowls at 2 ½ cents, springs 30, roosters 19, turkeys 22, ducks 28, geese 138.
Chicago reports a quiet potato market with little price movement as 78 carloads arrive. U S shipments total 742 with Wisconsin round whites trading mainly at 1.05 to 1.10, some at 1.00 and a few fancy lots at 1.15 to 1.25 per unit.
A brisk session in New York stock trading saw gains in St Joseph American Can General Electric Mack Truck and Union Tank Car while Jordan Motors Hayes Wheel and Western Pacific fell. Total volume neared six million shares as buyers steadied after earlier declines amid tax day selling and weak speculative accounts. Foreign exchange opened steady with demand sterling around 4.78.
In Duluth Minnesota on March 14 bids for flax futures show April at 0.89 dollars, May at 2.90 dollars, and July continuing with a quoted level. This snapshot records early market levels for the commodity and notes closing posture.
Sugar futures ended with irregular trading in New York. About 13,060 tons sold with March at 8.03 dollars, May at 3.10, July at 3.27, and September at 3.40 dollars.
New York bonds closed with 8 percent bonds at 101 and various government securities near par. First and second 4 percent issues sit around 101.18, second 4s at 100.23, fourth 4s at 101.22, U S government 4s at 100.15 and 4 1/4s at 104.14.
Market notes show Silver at 67 percent in New York and 62 percent for Mexican dollars. In London on March 14 bar silver quotes at 381 15 16 per ounce.
Livestock receipts at St Joseph and Kansas City on March 14 show hogs steady to 10 cents higher with top at 18.75 and bulk around 13.75, cattle receipts about 200 with steers and yearlings firm to higher, calves and stockers mixed, and sheep numbers around 1500 with prices mainly steady to higher. There are details on weights, price ranges, and top figures for hogs, cattle, calves, stockers, and sheep, including specific highs and weekly comparisons.
Hogs receipts 6 000 with uneven trade opening around 15 25 cents lower. packers bidding lower. top early hogs 13.90 with 150 to 200 pounders 13.25 18.60. Cattle receipts 250 with fed steers steady to 25 cents higher. veal down. stockers and feeders steady to 25 cents higher. Lambs uneven with 60 1.90 lower and fat sheep stronger. week’s highs near 17.15 for lambs.
Chicago reports 5000 hogs received with uneven activity and a Friday low near 15 to 25 cents below yesterday's open. Prices show ranges from around 12 to 14 dollars for various weights and classifications, with top at 13.85 and light weights near 12 to 13.60.
The report shows mixed livestock prices with slaughter pigs at $10.75, cattle receipts 5,000 versus last week, fed steers yearlings and fat cows up 26c, stock up 26 to 40c, bulls down, veal calves steady to weak. Stockers and feeders rise 25 to 40c, top week price $12.86, heavy steers up to $12.00, beef steers around $11.90, cows $5.00–$7.00, ewes $9.15–$9.25, lambs $16.50–$18.60, overall demand steady to higher on country accounts.
Cattle price comparisons show week gains with beef steers 6.50 to 8.75 and cows 5.50 to 7.00. Calves up about 80 cents. hogs up 60 to 76 cents with butchers 14.00 to 14.65 and sows 11.00 to 12.00. Sheep receipts mostly on contract and nominally steady.
Chicago dairy and egg markets rise with higher butter creamery extras firsts and eggs on strong receipts. New York reports firm butter and eggs with mixed butter and eggs price ranges and cheese buffered by large receipts.
Curb oil quotations close as Prairie Pipe Line hits 121, Standard of Indiana 62 percent, Standard of New York 434 percent, Continental blank, New Bradford 5 percent, Salt Creek consolidated 8 percent.
Reactionary price movements dominated this week’s markets amid unease over the St Paul situation and high broker loans. Rail stocks fell on rumors of restructuring and a $48 million bond refunding. some sectors showed strength in Southwestern rails and certain oil and utility issues.
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