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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Aug 20, 1925
Page
24
Markets report a volatile session with wheat fluctuating amid buying on breaks and selling at Winnipeg and by Northwestern-connected houses. Wheat closed fractionally lower as losses spread to corn and oats remained dull. other commodities and metals showed mixed moves while sugar eased on renewed liquidation.
The New York Stock Exchange shows renewed trading strength after a prolonged decline with gains in copper and steel shares. Motors lagged as crude oil production dropped last week, while high priced issues led by General Electric and United States Steel posted notable advances amid rising short covering and shifting gasoline price expectations.
Market mixed with oil stocks showing improved form while autos and rails drift. Short covering lent buying in crude while profit taking trimmed gains, steel bars helped little. Wheat held firm then fell with Winnipeg easing. Minneapolis strength offset by farm load and local mill buying. Frost in Manitoba nudged mid day demand. Canada market weak. Overall price environment tilted toward downward revision and selling pressure.
Hogs and cattle receipts reported in Chicago Denver St Paul Portland and Los Angeles show mixed moves. Hogs strengthen with light weights leading gains while heavier classes trade unevenly. Cattle and calves see slow, steady to firm tone with selective buyers. Sheep receipts rise in some markets as lambs hold value with modest moves.
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