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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Aug 06, 1925
Page
10
The Associated Press reports Wheat May delivery rose to a season high before giving back gains. Prices fluctuated, with Canadian crops viewed tighter than prior forecasts. Cash bids ranged from No 2 red to various No 2 and No 4 feed grades as traders weighed exports and domestic demand.
Associated Press notes receipts of 33 cars and total U.S. shipments at 527 with a steady fair market. Missouri Kansas and Minnesota sacks trend show Ohio, Colorado and Idaho cobblers trading in the 2.50 to 3.50 range with varying sacked prices and quality spreads.
Sugar futures closed steady in New York on August 5 with approximate sales of 61,250 tons. September at 2.58 cents, December 2.74 cents, January 2.15 cents, March 2.81 cents, and May 2.89 cents.
In New York on August 5 foreign exchange showed irregular quotations with Great Britain at 4.85 cents on demand and 4.85 on cables, 60 day bills at 4.70, cables at 3.63. Belgium bid at 4.50% and 23.80 appears in listing.
Stock traders realized profits amid advances in select issues while the broad market eased. Wheat strengthened with strong absorption and firm cash trading. receipts totaled 1.546 million bushels versus 3.941 million a year ago. Oil and rails showed pressure or varied demand as holders held back for higher prices.
The American Smelting and Refining company increased lead to 8.75 cents per pound. In New York money markets call money remained firm at 4 percent with high and low quotes near 4 percent, and loans against acceptances around 3 percent. Prime commercial paper quoted at 4 percent.
Copper firm at 14% c. spot and futures. Tin steady with spot 59.37c and near futures 59.12c. Iron unchanged. Lead firm at 8.75 to 9.25c spot. Zinc firm in East St. Louis at 7.55 to 7.60c spot and futures. Antimony spot 17.75c.
Bar silver in New York on August 5 quoted at 69 5 8 cents and Mexican dollars at 53 5 8 cents. In London on the same date bar silver 32 4 pence per ounce and money rate 3 percent.
London market update lists standard copper spot at 62 pounds 17 shillings 6 pence with futures at 63 pounds 17 shillings 6 pence electrolytic copper spot 67 pounds 15 shillings futures 68 pounds 5 shillings tin spot 265 pounds 2 shillings 6 pence futures 267 pounds 12 shillings 6 pence lead spot 37 pounds 7 shillings 6 pence futures 36 pounds 12 shillings 6 pence zinc spot 36 pounds 5 shillings futures 36 pounds 0 pence.
Minneapolis reports flour up 10 to 15 cents, priced at 9.20 to 9.35 per unit while bran holds at 24 dollars. Associated Press notes market movement on August 5.
The Duluth session notes flax futures for September at 2.6614 dollars, October 2.66, November 2.65, and December 2.63 with close values listed for August 5. Traders observe slight backwardation and ongoing firming in nearby contracts.
Chicago market report shows hog receipts 18 000 with prices mostly 10 20 cents lower. Light weights hit a maximum decline as packers stayed cautious. Cattle receipts 12 000 with active demand 19 15 cents higher for large steers but general run slow. Sheep receipts 19 000 with steady to firm prices for fat lambs and feeder sheep overall.
Los Angeles livestock prices show cattle scarce and steady with steers slow and medium loads unsold. Calves receipts about 100 with values from 9 to 12. Hog prices down about a quarter, top 15.85 with typical 15.50 to 15.85. Sheep receipts none. lambs 13 to 14 and ewes 5.75 to 6.75.
Denver reports hogs receipts about 200 with top at 14.10 for 242 pound drive ins and 242 pound loads. Cattle receipts 400 with calves active and up to five percent higher. best 250 pound calves around 9.50. Sheep receipts 2300, western feeding lambs and sheep, steady to little change.
ST. PAUL Minn Aug 5 cattle receipts total 1306 across all classes in limited supply as trading opens with prices and demand noted for the day.
Receipts: cattle 800 steady to weak with bulk grass steers 5.50 to 7.50 and fat cows 4.00 to 6.75. canners 2.50 to 3.25. Hogs 6,000 receipts 15 to 25 cents lower. 160 to 220 pounds 13.65 to 13.85, top 13.85. sows 11.75 to 12, feeder pigs 13.65. Sheep 1,500 receipts active and steady. fat native lambs 13.75 to 14.75, fat ewes 6 to 8, breeding ewes 8 to 10.
Sioux City Iowa August 5 Receipts 2400 market active killers steady strong stockers barely steady fat steers and yearlings around 9 15, bulk 10 50 to 14 50, fat cows and heifers 6 to 13 25, canners and cutters 2 25 to 3 50, grass cows and heifers 4 to 7 50, veals 4 to 9 50, bulls 3 75 to 6, feeders 5 to 8 25, stockers 4 50 to 7 75, stock yearlings and calves 3 50 to 7.
Hogs receipts 15 500 mostly 25 3 4c lower with 140 to 200 pound pigs selling around 13 40 to 13 50 top on 210 to 325 pound butchers at 12 47 to 13 25 rough sows 11 75 to 12 25 bulk 12 13 35. Cattle receipts 6 500 good and choice steers and yearlings steady to strong. stockers and feeders steady. veal steady. Sheep receipts 8 500 killing classes steady with fat lambs 15 15 10 natives 14 54 14 75. feeders up to 15 25% higher.
Spokane stockyard reports on August 5 show cattle receipts 238 and hog receipts 41 with market steady and quotations unchanged. Sheep receipts were none and also unchanged in price.
Portland Ore August 5 cattle nominally steady with receipts around 30 hogs steady with 306 receipts and sheep steady with 550 receipts reported by the market news column in this edition indicating steady demand across major livestock categories.
In Lorain Ohio Aug 5 doctors revived 8 year old Martha Ericon after her heart ceased beating for three minutes during a tonsil operation. Dr R A Stack injected adreamline into the heart and she regained signs of life after a three minute pause. A French professor predicts foods may be produced by exposing certain gases to ultraviolet light.
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