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Newspaper
The Pocatello Tribune
Location
Pocatello, Idaho, United States of America
Date
Oct 25, 1925
Page
10
Stock prices rose to new highs with heavy trading as bulls cite easier money, tax cut hopes, and strong earnings. Gains spread across steel, motors, oil, and copper amid steady bond prices and firmer rate outlook, with notable dividend chatter and Locarno news boosting sentiment.
In trading, most sectors showed limited gains with red metal prices cooling the advance. Rubbers, tobaccos, chemicals, leathers and packers posted strength while American Can climbed to a record high at 256 percent among high priced specialties.
Idaho Falls dispatch lists October 22 potato and carrot shipments by state and destination. Totals show 1240 carloads national potato shipments with Idaho contributing 1513 to date in Idaho Falls region, plus primary destinations including Denver and Pocatello. Market notes cite light loading, moderate demand, and car shortages. price ranges for Russets and round whites are provided.
Raw sugar prices stayed flat with liberal offers but weak demand in New York on Oct 24. A 20 000 bag Cuban sale due next week to a local refiner at 3.74 duty paid marked activity, while futures drifted little with December at 1.95 and March 2.13. Refined sugar inquiries lingered around 5.00 to 5.10 per unit.
The AP reports Liberty bonds closed with mixed results in New York trading. Prices showed 4a near 100.1, 4s around 100.22, and other issues including 4% and 4m notes trading close to or above par as market activity continued.
Market ticker shows crude values with interbank rates and commodity figures. Trading notes reference bonds and futures alongside spot prices for metals and energy in a concise financial brief.
Wheat futures fluctuated as Australian exportable surplus estimates fell to 55 to 65 million bushels and Argentine crop prospects improved. December and May prices varied, with milling wheat scarce for immediate use. Corn fell, oats held steady, and hog values rose.
Cattle receipts 1,000 with feed steers 12.00 down and most yearlings 25 to 50c lower. Extreme top 1,483 to 1,491 pound steers at 15.30, prime yearlings up to 15.60, Montana weights 11.26, fat stock steady to higher. Hog prices ranged 9.00 to 11.50 with splits by weight, sheep and lambs also reported with mixed changes and tops around 15.50 for fat lambs.
Omaha on Oct 24 reports 3000 hogs mainly steady to 10c higher with advances on packing sows and good weights. Cattle receipts reach 300 with fed steers and grass cattle showing declines to mid single digits while heavy calves rise. Sheep receipts 1000 with killing classes steady to higher and top lambs reaching 16.25 for fat wooled and 14.00 for fed clipped lambs.
The week’s livestock data lists top steers at 8.50 with bulk at 7.50, common down to 6.00, top heifers near 6, cows at 5.90, and bulk northerns 6.00 down to 5.85. Southwesterns move 4.00 to 4.275, canners and cutters 2.25 to 3.75, bologna bulls 4.00 to 4.50, calves at 1,100 for the week with many 0.50 lower, and southwesterns bulk at 8.25 with common around 5.00. Week totals show high steaks around 14.00 and bulk 14.85 to 14.90, packing sows at 12.20 to 12.25, and lambs quoted 13.50 to 14.00 with ewes 5.50 to 8.00.
San Francisco reports weekly hog receipts about 6 000 with declines from week prior and lower bulk prices. Cattle also slow with steady to weak demand, lighter quality, and price drops across calves and cows. Sheep receipts reach 9 500 as feeders contract with packers, island lambs around 14 ½, ewes firmer near 4.00.
Hogs receipts 1056 with 58 for market and 264 to local packers and 734 to western packers. A load of 245 pound butchers sold at 11.50. Saturdays market quotable steady. Sheep receipts 1288 with 832 for market and 456 to Utah feeders, no sales. Week totals 10 051 largest run in yards history. Beef and stocker categories largely steady to weak with price ranges noted.
The New York market surged with about 1,250,000 shares traded in two hours as optimism from business leaders and tax cut hopes spurred buying. Industrials led gains with United States Steel, American Can, U S Industrial Alcohol, North American, and General Motors advancing. Chandler Motors corrected after a sharp rise.
Wheat prices rise modestly after overnight gains in Liverpool and reports of poor crops in Argentina and Australia. Australia estimates drop to 110 million bushels, domestic receipts thin, and corn and oats hold firm as wet corn belt weather delays movement. Hog provisions rise on higher quotations.
New York October 24 AP curb quotations close for several oil stocks with notable prices listed. Electric Investors 63, Continental 24 percent, Prairie Pipe Line 123, Standard of Indiana 63 percent, Standard of New York 36 percent, New Bedford and Salt Creek Consolidated blank.
New York banks and trust companies report a reserve deficit of 4.84 million for the week, contrasting with a 10.43 million excess last week. The report reflects ongoing shifts in reserve positions among New York financial institutions.
Cattle 200 head and calves 50 sold with heavy steers and better grades down 25 to 50 cents. medium weights and yearlings also lower. Hogs 1,000 head mostly 19 to 20 cents higher, top 11.49. sheep 150 on week showing lambs generally 10 lower to 16.90 top, ewes and other categories varied.
In Los Angeles on Oct 24 receipts of 4 570 head show steer and heifer prices ending steady to firm for best lots while other cattle trade weaker. Stock offerings remain uneven with weaker tendencies across the lighter grades and feedstock.
New York stocks surged with heavy profit taking near the close. Industrials and rails hit new highs while Cooperations benefited from rising demand for high grade shares. Notable gains appeared in Chrysler United States Steel General Motors and American Can amid broad advances.
The New York market shows irregular foreign exchange quotes on Oct 24 with cents values for Great Britain at 4.84 percent, France 4.09 to 4.10, Germany 23.86, Holland 40.20, Norway 20.23, Sweden 24.16, Denmark 24.62, Switzerland 19.25, Spain 14.36, poland 16.75, Czecho Slovakia 2.96, Austria 14, Romania 47, Argentina 41.18, Brazil 15.12, Tokyo 41 1-16, Shanghai 79 percent, and Montreal 100 3-16.
The Smithsonian aerial expedition halted in Cheyenne Wyoming on October 22 as the Liberty-Breguet biplane landed at the air mail field at 2 17 p m MST from North Platte Nebraska. The four member party will depart at 9 a m tomorrow for Salt Lake City advancing toward Dutch New Guinea.
Washington reports that Levi Morrill the 90 year old Notch Missouri postmaster will retain his office despite age based rules. Protests flooded the postoffice department and officials chose discretion, allowing Morrill to continue managing the Notch postoffice for 32 years.
Radio dispatch lists tonight Sunday October 25 programs across many stations. Denver KOA offers choir talk and features. Hollywood KEWH presents news and comedy. Seattle KAR hosts organ recital and orchestra. KNX in Hollywood books concert orchestra and Russian string trio. WBBM Chicago and WCCO Minneapolis offer entertainment and classical tunes.
Canada ranks second to the United States in telephone subscribers per head of population with a ratio of about one to nine.
Large selling by a prominent eastern trader pushed wheat lower this week while corn oats and provisions also declined. Talk of a wheat corner faded as world acreage and shipments rose, with Canada Argentina and Australia increasing supply and Argentine Australian crop outlooks keeping traders cautious.
Seattle reports Dr. L. Von M. Zeach a Nome dentist buys a dog team once owned by Arctic explorer Roald Amundsen. She plans to use the dogs in visiting patients in rural Alaska. Separately Jacksonville union station will have more trackage than any other U. S. railway terminal.
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