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Newspaper
Amarillo Daily News
Location
Amarillo, Texas, United States of America
Date
Mar 10, 1925
Page
10
March 6 report from Daily News Market Page notes an opening advance in cotton futures to 26.08, then 26.10, with rain prospects in the soil and in the southwest. By midday the market steadied and turned lower to 25.10 as selling pressures emerged amid weather outlooks and pressure from western and Wall Street interests.
The Associated Press reports a volatile cotton market in New Orleans with an early firm tone and gains in May and October contracts, driven by Liverpool cables and drought news from the southern belt. Prices eased after mid-session, with late-day declines narrowing as weather was watched and roughly 6,555,000 bales were traded season-to-date, compared to 4,529,000 last season.
In New York on March 4, speculative unease over the money situation and tax day demand spurred heavy stock selling. Call money rose to 4 1/2 percent, with extreme declines in major industrials and mixed moves in railroads and machinery. Despite broad weakness, some issues held firm or advanced, including American Safety Razor and Laclede Gas, as traders priced in government influence and reserve deficits.
Receipts in Kansas City show cattle, sheep, and hogs trading with varied tops. Cattle top $11.00 for stockers and feeders, hogs up to $13.25 for packing sows, lambs around $17.00, while Oklahoma City reports steers to $7.55, cows to $6.75, hogs near $14.00 with stockers around $10.00.
Associated Press dispatch from Chicago lists cattle and sheep receipts and prices. Cattle receipts hold at varied levels with steers cows and yearlings priced up to 11.59 in spots, vealers around 12 to 18 dollars, stockers and feeders near 75 to 12. Adapting to market, sheep show dull demand with fat lambs around 16 to 16.50, fat ewes near 10 to 19.50, and feeders around 17 dollars.
East St Louis market receipts show hogs 13,000 steady with heavy choice butchers at 14.25 and sows around 12.75 to 12.90, pigs near 13.50, cattle receipts 4,000 steady with yearling steers around 9.00 and canners 2.50 to 3.25, vealers near 15.00, and sheep 1,000 with lambs 16.50 to 17.00 while fat hogs and beef steers anchor the day.
Fort Worth cattle receipts totalled 3 000 with calves and steers steady. fat cows 4.00 to 6.00. heifers 3.00 to 9.50. yearlings 5.00 to 9.00. Hogs 2 400 receipts, top 14.10, pigs 8.50 to 10.50. Sheep 3 200 receipts steady with lambs at 19.00 to 20.00. feeders 12.00 to 14.30. stockers 5.0 to 5.50. yearlings 8.00 to 10.00.
Hog receipts in the OO market were 13 lower with top hog price at 15.85. Cattle receipts totaled 5800 including 1100 calves. Market generally steady with good demand. beef steers and heifers quoted around 4.50 to 5.90, bulls about 7.00, canners and cutters 2.25 to 3.85, baby beef 6.50 to 10.00, steers and feeders 4.00 to 6.25, stock cows and heifers 3.00 to 5.30.
Special to The News Chicago March 9 reports wheat futures climbing on news of export demand and bullish government stock estimates. May wheat at 1.83 to 1.835, July around 1.63 to 1.033, corn mixed with declines and gains, oats weakening on ample arrivals. Provisions rise as investment buying boosts late trading.
Coffee futures were quiet with irregular moves, closing seven to ten points higher to lower. March to December prices listed with spot Rio and Santos values. Poultry markets show live birds unchanged with fowls turkeys ducks and geese prices noted.
Chicago March 9 report on dairy prices shows butter and eggs gains with creamery items listed. Higher udder creamery standards and extra firsts, seconds and keg prices noted along with specific figures for 48 and 469 units, reflecting market shifts.
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