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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Apr 28, 1925
Page
10
Minneapolis grain pages report wheat prices edging lower on reports of improved moisture in Oklahoma, Kansas and Texas. Weak provisions and slow refined sugar demand accompany a general market softness as corn planting progresses.
Speculators sold stocks at the New York market open amid unease over Von Hindenburg’s election, causing a sharp reaction before a brisk rally as bankers assured no militarism return in Germany. Trading was quiet with mixed gains and losses across major issues, led by railroad and industrial names.
Wall Street opened with varied activity after Von Hindenburg’s election as German president. Traders saw the move as a pretext for some price declines in industrial shares, while gains later returned as confidence rose. Consolidated Gas and rail stocks led a rebound with robust earnings signals and cautious optimism about rate and litigation fears.
Call money and loan rates show steady to mixed levels with four percent ruling and last loans at four percent. Foreign exchange quotes include Great Britain and solvency rates, while metals markets list copper iron tin lead zinc and antimony with varied spot and futures prices. Regional grain tokens note Wisconsin and Minnesota sacked whites with quality-driven price ranges and Florida Triumphs at 3.65 dollars.
Reading from multiple markets shows varied cattle hog and sheep quotes. Decent demand for fat steers and stockers with freight-heavy weights easing. hogs mixed to steady. sheep and lambs steady to higher with good quality offerings driving prices in several yards.
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