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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Apr 18, 1925
Page
10
Chicago markets rallied after a sharp drop, with wheat up seven cents on hopeful exports and crop outlook. Reports indicate 110 million bushels of winter wheat and Argentina corn cut, boosting corn and oats, while hogs and provisions also rose amid steady butter and eggs and steady flour, flax, and sugar futures across New York and Minneapolis exchanges.
Stocks rose as buyers pushed prices higher with notable gains for Maxwek Satot Goat and Mack Strucks while volume reached about 1.25 million shares. Industrials held firm despite softer commodity prices and easing money rates with several rail and industrial issues advancing.
A buoyant mood dominated the stock exchange as motor shares rose and rails accumulated. Mack Truck surged to its best levels, Willys-Overland attracted demand ahead of a dividend action, and oil stocks fell on revised price outlooks. Cast Iron Pipe touched new lows amid persistent pressure while French competition keeps supply tight. Montana oil movements and mining activity were noted, with several mines planning shipments and new wells spudding. Wheat showed strength with volatile shifts amid Argentine crop revisions and improving domestic demand.
Boston April 17 The Commercial Bulletin notes a slight uptick in wool demand with some speculative buying at low prices and better fabric movement, though no firm trading base is set. Foreign markets remain irregular with slower Bradford declines, River Platte activity at lower prices, and Mohair remaining slow. First sealed bid sale to be held in Texas next week. Wool quotations across regions include New York, Wisconsin, Missouri, New England, and California fleece values with various blood percentages and washed versus unwashed grades.
Chicago livestock receipts 24 000 slow to lower than Thursday with light hogs and slaughter pigs mainly steady. Cattle and sheep receipts varied with steers and yearlings trading around 10 12 dollars and lambs mixed. strong activity limited. West Coast reports from Los Angeles Portland Spokane and Sioux City note steady cattle and hogs, light demand, and price ranges for beef, veal, and pigs. Metals and exchange data also summarized from New York and London markets.
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