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Newspaper
Amarillo Daily News
Location
Amarillo, Texas, United States of America
Date
Jun 03, 1925
Page
8
The first government crop report of the season triggered a sharp cotton market drop. October contracts slid from 23.15 to 22.40, with December down to 22.07 before late rallying. Port receipts and stocks were noted, while overall market activity remained quiet until the report.
Kansas City market summary June 2 shows cattle receipts at 8 000 with yearlings trading 10 7 11 00 and fed steers 10 50. Bramay yearlings 7 50 8 20, hog receipts 4 000 with top 12 00, sheep receipts 1 000 lower with native lambs 14 5 15 25. Wichita and Oklahoma City reports list beef steers 6 50 9 50 and stockers or feeders 3 50 7 00.
The New Orleans cotton market showed brisk activity after a government condition report. Prices swung with a late morning peak then fell as traders covered positions, closing with notable losses from the session highs. The May condition at 76.6 percent of normal is noted as the highest for May since 1848, while the report cautions that current conditions may not persist. Exports and market moves across related securities were also reported.
Chicago June 2 associate press reports mixed crop signals with rain easing drought fears but not boosting wheat. Unofficial export prospects for the 1925 domestic crop hover near 600,000,000 bushels while corn declines amid harvest concerns. Oats hold, provisions swing amid stock shifts and new potato prices mix across regions.
Butter prices rise with sales of 31,719 tubs including creamery extras and standards while eggs fall. Quotations show butter at various first and second grades with values around 40 cents. egg prices drop to about 29 to 30 cents for firsts and storage packs.
The Associated Press report from New York on June 2 notes easy foreign exchanges with Britain at 4.85 and cabls 4.80, France at 4.97, Germany 23.80, Tokyo 414, and Montreal around 1.001-44. Call money easter night. ruling rate 4, with bids at 4 and loans against acceptances at 4. Time loans steady at 2 to 4 months 3 4, prime commercial paper 3 4.
Fort Worth reported cattle receipts 2 700 with steady cattle and calf prices, hogs dull with top around 12 dollars, and sheep receipts steady with lambs 10 to 12 dollars. Chicago livestock showed uneven hogs with top at 12.55 and cattle active, yearlings 21.25 to 11.60, lambs around 15 dollars.
East St. Louis June 2. Hogs receipts 12,000 higher with top 12.65 and bulk 12.50 to 12.60. Pigs 12.25 to 12.50. Packers pay 10.75 to 11.06. Cattle receipts 4,000 steady with beef steers 8.25 to 8.75, vealers to 10.25, cows 5.00 to 6.00, canners 2.59 to 3.00, bulls 4.50 to 9.00, top Bologna 5.25. Sheep receipts 3.00 with little activity. native and Tennessee lambs around 15.00, wool prices down.
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