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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Apr 07, 1925
Page
12
Wheat and oats also advance amid scarce corn offerings and strong demand at rail terminals. Experts cite near lake navigation, expectations hogs will rise if corn stays above $1, with a broad bullish tone across Minneapolis grain markets and related provisions.
Foreign exchange rates moved within narrow limits as traders watched global cues. Equities showed cautious moves amid uncertain sentiment while bonds held steady. Investors awaited cues from central banks and key economic data to guide future positioning.
The market shows renewed strength as covering transactions lift bear operators, with grain rebounds driving a rise in wheat and notable gains by leaders like Baldwin American Can General Electric and Cast Iron Pipes. Forecasts point to continued activity with strong earnings and cautious merchant policy supporting a resilient, prosperous tone.
Commodity markets report mixed quotes with Commonwealth power rates, call loans, and prime commercial paper in New York. Copper tin lead and zinc steady to easy, bar silver gains, London copper and tin futures listed, flour and bran prices steady in Minneapolis, Duluth flax bids, refined sugar unchanged, potato market slow in Chicago.
The Associated Press dispatches Chicago and St Paul livestock results. HogsNos show declines from Saturday with tops near 13.10 and many bids down, receipts around 41 000. Cattle steady to lower with steer and yearling prices drifting, hogs and sheep uneven amid thin demand and meager packing. In St Paul fat stock and calves slow, hogs down about 15 cents, top around 16 dollars, steer prices around nine to ten dollars for midweight cattle.
Omaha and Spokane market notes from April 6 show hogs and cattle activity with receipts around 6 500 and 9 500 respectively. Prices vary by weight and grade, with hogs mostly steady to down a few cents, cattle down slightly on steer and yearling classes, and sheep showing lighter demand with lamb bids easing. Market conditions indicate steady to weak trends across major categories and notable notes on special items like domesticated reindeer.
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