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Newspaper
The Pocatello Tribune
Location
Pocatello, Idaho, United States of America
Date
Oct 18, 1925
Page
10
A frenzied New York session saw motor shares lead gains with 7 point spikes and records for Yellow Cab and General Motors as trading raced to over 700000 shares in an hour. The bounce reversed late hour as traders dumped holdings amid fading demand and widespread selling orders.
Idaho Falls reports total Idaho potato shipments to date at 2803 with primary destinations including Denver Pocatello Ogden and Los Angeles. Wisconsin Minnesota and Idaho markets show varied sacked Russets and round whites with prices around 2.25 to 3.25 per cwt and overall market steady amid strong demand and cooler weather.
Foreign exchange quotations in cents remain unchanged with Great Britain at 4.83 percent demand and 4.8416 on cables. Other currencies listed include France 4.46, Italy 4.04, Belgium 4.66, Germany 42.80, Norway 20.27, Sweden 36.73, Denmark 6.0, Spain 14.36, Poland 16.70, Shanghai 79 percent, Montreal 99.
Raw sugar prices showed little movement amid no sales and minimal activity in futures. December and March contracts drifted near 2.0 to 2.3 cents with slight declines under liquidation pressure.
An AP market brief from Chicago lists oats at 41% and No 3 white at 39% with other grains and seed prices including clover seed and lard figures. The fragmented OCR shows mixed wheat and barley quotes and assorted commodities with varying percentages and amounts.
The report details a drop in the excess reserve figures for the week ending October 17, noting a decrease and shifts in the reserve levels amidst ongoing monetary data.
New York stocks unsettled with motors dropping after an early rise. Bonds firm and the Polish zloty strong. Foreign exchanges irregular as French francs firm. Cotton higher amid frost fears southwest. Sugar lower with commission house selling. Coffee firm on European buying. Chicago wheat firm from good cash demand. corn lighter with light receipts. Cattle weak and hogs ready.
New York stocks closed with uneven results as gains and declines appeared across many names. Major movers included American Can, American Sugar, General Electric, General Motors, and Chrysler, with notable activity in steel, rail, and oil shares.
Kansas City market reports heavy cattle offerings with top yearlings around 15.00 and steers 13.00 to 14.00, hogs mostly 5 to 32 cents higher with tops near 11.60, and sheep lambs 50 to 85 cents lower. Omaha notes mixed cattle gains and hogs 10 to 16 cents higher, with bulls and veals steady to lower and sheep market fluctuating.
Riotous buying pushed quotes up seven points in early trading before slipping to two to five points as orders rolled in. Total sales reached 7 500 shares in the heaviest volume of the day, while the official ticket remained out for questions at 12 38 p m, an hour after the market opened.
New York Oct 17 AP speculative surge in this week's stock market brought the heaviest trading since December 1916. Industrials and specials led gains with Motors and firms like General Motors Studebaker Hudson and Fisher Body rising 4 to 14 points and U S Steel hitting a weekly high top. Oils lagged as gasoline cuts restrained beat.
Light rain in Australia and selling by foreigners weighed on wheat at opening. Unfavorable Canadian weather and delayed threshing lift prices with December at 1.45% and May near 1.43% as corn and oats edge higher. Hog values support a firmer provision market though October ribs lag.
Weekly market report from San Francisco notes hog receipts about 5 600 with prices mostly 14 50 to 15 00 for California and Colorado fat hogs and 60 cent lower close. Cattle and calves show light weight steers around 8 20 to 8 40 with many loads down 25 to 60 cents, killer cattle steady to lower, calves 8 00 to 8 60 for 225 pound stock, sheep firm for lambs around 13 60 to 14 00 and feeders 13 00 to 14 00 with packers holdings listed.
Hogs 586 head brought 11.40 to 12.90 per cwt. Cattle receipts 423 for the day. Week totals show 4,763. Beef steers common to medium 7.00 7.50, good 7.75. Heifers 4.85 5.35. Bulls 3.00 4.25. Calves 5.00 7.50. Stockers 6.25 7.25 with few loads at 7.35. Sheep 3,821, all to Utah Colorado Nevada feeders. week total 35,000 with most to feed lots. Local pemee je hands 75 13.
New York Oct 17 Continental 23 percent Electric Investors 614 percent Prairie Pipe Line 122 percent Standard of Indiana 61 percent Standard of New York 43 percent New Bradford 4 percent Salt Creek Consolidated appears in curb quotations in today’s AP market roundup with several utility and pipeline stocks showing notable moves.
Hog prices fall from September highs while farmers forecast gloom as corn and hogs slide. Southern Pine orders rise 7.5 percent with 2.2 percent shipment growth and 4 percent production increase. Cattle conditions improve across districts and rail equipment demand remains strong with $20 million value cited. A new $20 million oil storage unit opens December 1 in Louisiana. Pecan crop in Mississippi Alabama Louisiana is large. Texas clip down about 1,000,000 pounds with fall sheep and goat shearing under way in Southwest Texas.
In St Louis the boot and shoe industry highlights rubber soled footwear for sport and daily wear, underscoring consumer demand and local production trends.
Newark October 17 Dix W Noel said he will not hire a lawyer for his son Harrison W Noel charged with kidnapping and murder of six year old Mary Daly and facing trial October 24 for the murder of Raymond Pierce a Montclair taxicab driver. Judge Edwin C Caffrey had appointed William A Wachenfeld as attorney for the youth.
Hog receipts 3 000 with weights and prices quoted for many classes. Cattle receipts 2 660 with grade by grade declines and gains noted. Sheep receipts 2 600 with fat and feeding lambs and ewes prices listed. A closing proverb about wise women.
Reports from Australia and India light drought and frost damage abroad boost wheat futures this week. Argentine plantings rise while Canada’s harvest suffers from rain and snow. corn and oats slip as hog values retreat amid provisions declines.
Business notes report encroachment of business on the Walnut and Twentieth street district forces Edward T. Stotesbury of Drexel and Co and J P Morgan and Co to sell his town house. He has built a new mansion on a large estate near Chestnut Hills and the Philpathan club purchased the town residence. The Minneapolis station shows higher activity with carloadings up 7 percent and freight movement up 11 percent. Flour iron ore and linseed shipments rose notably.
A reader touts the Super Zenith radio as superior citing a shipshape build and an exclusive Zenith pot circuit not replicable for twelve years. The piece compares Zenith to Ingersoll watches and Howard watches, noting limited production, higher prices, and a one year replacement guarantee for defective parts.
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