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Newspaper
The Pocatello Tribune
Location
Pocatello, Idaho, United States of America
Date
Oct 02, 1925
Page
10
Active trading and higher prices dominated the wheat pit as bids strengthened with unexpected live cattle notes. December and May wheat climbed before retreating, while corn and oats followed wheat trends amid delayed readings and tighter seaboard supplies. A sharp hog price drop provided a bullish nudge to provisions.
Chicago reports show slow trading due to rain with firm markets and price lists for Wisconsin Minnesota and Idaho shipments. Idaho Falls notes 2012 season shipments to date with total U S shipments 978 for the Wednesday report and lists primary destinations and price ranges for No 1 and bulk sacks.
The Commercial Bulletin notes a clear uptrend in wool prices this week with medium and fine wools advancing 3 to 9 percent. Domestic and foreign markets show strength with rising London values and strong Australian and South American clearance. Mohair remains steady as regional quotations for various wools and mohair are listed.
Stock prices rose to higher levels in New York on heavy buying as the 3 percent rediscount rate was kept and credit stood firm. United States Steel led gains above 123 with strength in motor and petroleum shares, while trading neared 2,000,000 shares with 2 to 5 point advances.
Chicago market remarks show hog receipts at 19 000 with prices mostly 25 to 40 cents lower. hogs 140 to 225 pounds 12.70 to 13.00, top early 13.11. Cattle receipts 4 600 with mixed trade. steers 10.06 to 12.50, yearlings 13.70, grass cattle weaker. Sheep receipts 13 000 fat lambs 15.50 to 15.75, some above 16.00, feeding lambs firmer to higher.
Omaha market report shows receipts around 7000 hogs with a drop of 60 to 60.5 cents. Most lights off, desirable weights 160 to 236 pounds sold around 12.00 to 12.25, top 12.40, good to choice 236 to 325 pounds for butchers.
Cattle receipts reach several thousand with fed steers and yearlings steady to slow. Prices range from 6.25 to 10.25 for various classes. Sheep receipts total 7,590 with fat lambs strong to higher, native fat lambs around 14.50, and feeder movements into Idaho and Denver noted. Local and river market quotes show declines in later sessions.
New York reported the raw sugar market holding at 393 for Cuban duty paid as trading stayed light. After earlier declines, futures rose modestly on covering and buying by European accounts, with midday prices 1 2 points higher, while refined sugar held steady to 10 points lower amid cautious, hand to mouth business.
A historic milestone sees New York City schools surpass a million students for the first time this year. No citywide breakdowns were provided, but officials highlight growth across all five boroughs and note continued enrollment trends.
The Business World notes 10 000 to 20 million dollars will fund municipal advertising, mainly in daily newspapers, with California and Florida leading state spenders. Railroads and other groups aim to boost newspaper campaigns, improving copy planning and budgeting to attract visitors and residents. A Miami note mentions a dead freight embargo lifted recently.
About 75 miles of new street paving are nearing completion in Cleveland. Half the year’s work is finished, with 256 streets paved or in process and 25 more contracts soon to be let. Total cost reported at $9,018,449, averaging $5.15 per square yard.
On October 2 the Chicago board Wheat eased as renewed selling followed unconfirmed reports that Russia and the Soviet Far East had placed large orders for Canadian wheat and flour. December futures closed down around 1.55 to 1.35 percent and May near 1.86 to 1.36 percent amid dry weather news.
Australia shows little impact as discrediting of advice about Russian purchases in Canada undermines the broader narrative. The formal assessment remains unsettled with officials urging caution while investigators review available records.
The 73rd annual conference of the Methodist Episcopal Church in Oregon voted 93 to 2 in favor of the proposed union with the Methodist Episcopal Church South. The action was recorded at Eugene on October 1.
An advertisement extols Borozone in liquid and powder forms as a wound treatment that purifies germs and speeds flesh healing. Liquid prices are 30c 60c and 1.20 and powder costs 30c and 60c, sold by Watson Drug Co.
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