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Newspaper
The Pocatello Tribune
Location
Pocatello, Idaho, United States of America
Date
Oct 01, 1925
Page
8
Chicago open eases with wheat dropping to new season lows as European demand lags and new Argen tine and Australian shipments loom. Corn and oats firm on bearish wheat outlook while hog and cattle markets at Omaha Kansas City and Ogden show mixed declines and steady gains across weights and classes.
New York reports constructive operations resume and a forward rise in industrial shares. Optimism stems from relief over money stringency, anticipated rate cuts, merger and dividend rumors, and improved rail demand offsetting some freight weakness. Major issues like United States Steel and General Electric lead gains while General Motors hits a new high. About 1.7 million shares traded.
Potatoes trading slows while markets firm with Wisconsin and Minnesota round whites quoted at 1.70 to 1.80 per hundredweight. Idaho Falls reports 1974 car shipments to date. total U S carlot shipments Sept 29 amount to 886 across states with Idaho sending 49 to listed destinations. Weather and market demand noted as light with cooler conditions and mixed supply levels. prices shown for California pack at 1.50 to 1.60 and growers’ cash to 1.15 to 1.89 per unit.
Tibertvy bonds closed mixed with 4s and 4% issues showing varied prices. Government 4s and U S Savings bonds traded around 103.5 and 106.13 with reading ambiguity in several lines.
Livestock receipts reach 25000 hogs with uneven activity and weights. Medium and heavy hogs mostly weak with declines up to 40 cents for light weights. good and choice 140 to 285 pound ranges around 12.90 to 13.35. Cattle receipts 11000 with meager supply of fat steers and yearlings, prime yearlings around 16.00 with grass era rising, Nebraska cake fed cattle 8.75 to 10.00, stock trade steady to active with minor gains.
Data from St. Joseph Missouri and Portland Oregon show cattle receipts near 2 890 at St. Joseph with steers bulk around 9 12, top 13 50, cows and heifers to 10, calves 5 14 50, sheep with strong lambs to 16 65. Portland reports cattle 2 000 calves 65 hogs 675 and sheep 230 with hogs and sheep on contract and markets nominally steady.
New York October 1 1925 raw sugar prices drop to 8.93 for Cuban duty paid with limited demand and a sale of 9 600 bags at the level. futures show a weaker forenoon session with European beet crop estimates weighing on prices, noon quotes down 3 to 5 points.
Call money in New York eased to 5 percent on the day with a high of 5 percent and a low of 4 percent. Ruling rate stood at 5 percent while closing bids and offers hovered around 4 percent. Time loans remained firm with 60 to 90 day credit at 4 percent and 4 to 6 month papers also at 4 percent. Prime mercantile paper traded at 4 percent.
Copper firmer with electrolytic spot and futures up 14 percent. Tin firm at 60.37. Iron and lead steady. Zinc firm with East St Louis spot 7.87 to 7.90. Antimony spots 17.26 to 17.37.
Wheat and corn prices reported for Omaha Nebraska and Chicago Illinois on October 1. No. 2 hard wheat at 1.47, No. 1 mixed at 1.44, No. 8 dark northern spring at 1.48. corn No. 2 white 79% 80, No. 1 yellow 78%, No. 2 yellow 78 80. oats No. 2 white 37%, No. 3 white 37%. In Chicago no wheat trade. corn No. 2 mixed 80 1482, yellow 81 14 83%4.
A fragment listing prices for oats No 2 white and No 8 white with 38 percent and 40 percent, rye none, barley 52 7b, Timothy seed 7.00 8.10, clover seed 19.25 27.00, lard 18.47, ribs 17.50, bellies 20.75.
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