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Newspaper
The Pocatello Tribune
Location
Pocatello, Idaho, United States of America
Date
May 12, 1925
Page
8
Spring wheat prices rose in Chicago after a wavering start as exporters showed demand for northern spring wheat amid expectations of drought and weak winter crop reports. May futures climbed from around 1.59% to 1.62 and July from 1.47% to 1.48. Corn and oats also firmed on scarce offerings and market optimism, while hog prices failed to lift provisions.
New York May 12 Pool managers faced stiff resistance as prices opened higher. A surge in baking stocks led by Loose-Wiles and Ward Baking boosted the market. Over thirty issues including motors, motor accessories and rubbers rose to year peak prices amid reports of strong earnings and possible mergers. Total sales about 1,750,000 shares.
A firmer zone pushed raw sugar to 4.33 duty paid with 15 000 Porto Rico bags sold for prompt and mid May shipment. Raw futures advanced on covering and buying by commission houses while refined prices stayed 6.60 to 6.70, with domestic business routine and a better export inquiry noted.
Directors of the Western Pacific railroad corporation will meet soon to declare a special cash dividend of 5 on common shares and a 33 1 3 percent stock dividend on combined and preferred issues. Stockholders approved making the preferred cumulative for two years, paving the way for dividend action.
New York May 12 AP reports United States Steel Corporation sees unfilled orders at about half of normal levels. Managers attribute the dip to consumers buying only for immediate needs, with current orders around 50 percent of typical volumes for high capacity periods.
New York reports steady foreign exchange quotations in cents and percent. British pound at 4.84 and 4.85 on cables, 60 day bills 4.80. France 65.20 and 6.21 cables, Argentina 489.50, Tokio 42, Montreal 1001.64. Various bids from Belgium Germany Holland Norway Sweden Denmark Switzerland Spain Greece Poland Czecho Slova kia Jugos Slavia Austria Romania and others.
May 12 congestion shows Continental 24 percent Prairie to Line 119 percent Standard of Indiana 64 percent Standard of New York 44 percent Bradford and Salt Creek Con blank. overall oil price movements uncertain in early trading.
Mrs S A from Columbia South Carolina says she was sick for three years despite doctors but regained strength after using Lydia E Pinkham Vegetable Compound. She worked at home again and says the remedy helped during life and after. She endorses it for women in the of Life.
A finance column asks readers if they are a good investment by illustrating that earning 150 dollars a month at six percent yields about thirty thousand dollars over time. It emphasizes disciplined savings and long term growth for investors.
Figure yourself out on a dollars and cents basis and determine whether you would rate as an attractive investment for your own money. If you make 150 dollars a month you are worth 30000 for that is the income from 30000 at 6 percent. If you feel that you are worth 60000 and make 150 dollars per month you are not a very good investment because you yield only 3.6 percent. Regard yourself as a business organization, increase your capitalization every so often and then make yourself yield good dividends on your capitalization. And, in order to make yourself an efficient corporation, establish a surplus save so you can meet financial emergencies.
Hog receipts 17 000 with early gains and steady to higher prices across weights. Cattle receipts 8 000 with beef steers and yearlings mostly up to 10 15 and heavy demand for heavier weights. Sheep receipts 16 000 with fat lambs 25 to 26 dollars per head at opening and good to choice clippers and springers noted.
Omaha May 12 market update shows cattle receipts at 6 099 with yearling and light steers firmer and weighty steers steady to slow. bulk early sales 12.50 to 12.75. Sheep receipts 7 500 with fed clipped lambs steady to lower and best light fed wool lambs at 15.50. Springers and California stock unsold amid mixed demand. bulls steady and stockers scarce.
Cattle receipts 6000 with calves and yearlings. top yearlings around 11.00 per hundredweight. Steers slow with little early sale. cows and bulls steady to 5.25. Hogs receipts 6500. opening 2.40 higher, then slow with bulk sales 12.45 to 12.85. Sheep receipts 900. fat lambs mostly steady with prices around 15.60 for native and Arizona springers and 12.35 to 12.40 for shorn lambs.
St Joseph market notes May 12 show hog receipts around 4,100 with top bids near 12.30 to 12.75 for bulk. Cattle totals 2,000 with steers 9.00 to 10.25, top 11.25. cows and heifers 3.50 to 5.00. calves 5.00 to 9.50. stockers 5.50 to 8.50. Sheep receipts 6,000 with lambs 14.00 to 15.25 and ewes 7.50 to 9.50.
Hog receipts total 261 head all for market with higher prices. 184-pound butchers at 912.80, 171-pound av erages at 12.60, 139-pound offerings at 11.26, packing stock at 19.75 11.00. Cattle receipts 119 with little activity. common stock cows 2.25, beef bulls 4.75, stockers feeders 5.50 6.50. Sheep receipts 14,304 including California spring lambs 11,394 to Chicago market, 1,621 to St Joe, 1,889 to Kansas City.
Idaho Hide & Fur Co of Pocatello lists daily prices for hides and wool. Hides salted and dry by weight and type, green kips and calves priced per unit, horse hides priced by size, sheep pelts with wool grades, and wool with varying rates for fine and coarse grades.
London May 12 bar silver 31 percent per ounce and New York May 12 bar silver 67 percent with Mexican dollars at 52 percent.
Copper remains steady for spot and futures around 13 percent, tin holds at 54.50 spot and 64.00 futures, iron and lead show no change with lead at 7.75 to 7.90, antimony sits at 18.00 spots, text notes East St. Louis and rare metals context.
Chicago market round whites and sacks show steady pricing across states. Wisconsin Minnesota and North Dakota consignments listed with unit ranges, Florida and Alabama barrels noted, limited sales and firm new market for number one stock.
A prominent mosaic brick structure in Costa Rica is owned and managed by a woman, highlighting female leadership in a major local landmark. The property stands as one of the region’s largest mosaics and reflects ongoing efforts to empower women in active architectural roles.
The report describes President von Hindenburg swearing in before the Reichstag and vowing to unite the German people. He leaves with the cabinet, reviews troops, and is greeted by cheering crowds as he journeys to the executive mansion. The article notes a naval base update and rumors of blockade trade.
President Von Hindenburg praised Berlin's reception during a dinner in his honor by Chancellor Luther. He noted the warm welcome on his arrival from Hanover. The Von Hindenburgs were then assigned rooms in the palace wing once used by Bismarck.
In a manifesto issued from Hanover after his inauguration, President Hindenburg says he takes over chief command of the army and navy. He praises the Wehrmacht for discipline and loyalty and vows service to the people and state.
Paris May 12 AP reports France Britain Italy and Belgium will not issue formal congratulations to Field Marshal Von Hindenburg upon his election as president. The four powers will send only a brief acknowledgment when notified of his assuming office due to his war crimes charge list.
Berlin May 12 AP President Von Hindenburg issued a manifesto honoring the oath to guard the constitution and laws and called for honest peaceful work to gain foreign recognition. He said the office belongs to all the people and not to any one clan or party. Loehe praised economic reconstruction and mutual understanding begun under Ebert as the basis for removing war consequences. He noted the Republican constitution of 1919 and the joint election of Reichstag and president. Hindenburg appeared in civilian clothes with a black frock coat and no decorations.
Rum runners in the Atlantic region have been routed, with federal authorities padlocking several boats near Mount Clemens and raiding a rye whiskey plant in New York. Eight more galoons were closed as part of the crackdown, while Captain Randolph Ridgley Jr. led the dry forces in Atlantic City.
Call money fir mer high 4 low 3 percent ruling rate 3 percent closing bid 3 percent offered at 4 percent loss loan 3 percent call loans against acceptance steady time loans mixed collateral 60 90 have 3 percent 4 6 months 7 In prime commercial paper 3 percent.
May 12 bond quotes show mixed results with Treasury issues and municipal notes trading. Prices range from 10021 for certain issues to 166.78 for U S government securities as traders gauge rates and demand.
Washington May 12 The convention of the International Council of Women adopted a resolution urging women in countries that have not ratified the 1921 Geneva convention for the protection of women and children to use their influence to obtain ratification without debate.
Five rum running ships linger offshore near the Cortes banks and off Santa Rosa Island while the Belgian steamer Gertrude prowls between San Clemente and Santa Barbara islands. The Tamaroa reports slow speed and cash sales hinder seizures as launches ferry liquor ashore with fear of hijackers. Officials say over 3 million dollars worth of liquor will reach Southern California shores from the five rum runners, with limited means to stop them.
Customs officers declared the seizure of the schooner Lirio de Agua marks an end to ram running from British Columbia to U S points. The ship left Vancouver January 22 with 6000 cases of whiskey bound for San Jose Costa Rica. The Victoria seizure cited contravention of customs regulations and infringement of the customs act.
Stockholders at Schenectady vote to issue two million additional shares of General Electric par ten dollars each. The new stock is designated for meeting dividend payments. Directors are re elected.
About 5000 acres of public land were added to Wenatchee National Forest in Washington by executive order. The action follows a recommendation from the secretaries of the interior and agriculture.
C. K. Woodbridge of New York was nominated for president of the Associated Advertising Clubs of the World by the joint assembly committee in Trouston. Jesse H. Neal of New York was renominated by acclamation as secretary treasurer. Nominations are considered equivalent to election.
William Gibbs McAdoo war time secretary of the treasury is among witnesses subpoenaed for the hearing before a U S commissioner in Los Angeles on the Santanelli nuisance case. Santanelli owned the Sorrento club where Milton Page shot Al Josepha on February 7. McAdoo is a stockholder in the company leasing the Sorrento club property.
Col John C Coolidge father of the president collapsed on his farm porch in Plymouth Vermont. Doctors reported improved blood pressure and pulse after an earlier fainting spell while Miss Aurora Pierce said he was revived quickly. He later greeted visitors and joined a rock-hunting party. experts had noted heart block in earlier exams.
Mrs John King Van Renseelaer of New York, aged 764, noted author and collector, died suddenly.
A compact note reports a mild air warning with low ascent over a small region. No injuries or major damage described, though observers note a brief disruption in routine air traffic and local advisories issued for safety.
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