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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Aug 28, 1925
Page
12
Wheat rallied in the final hour on the Chicago board of trade after heavy liquidation earlier in the day. May wheat led gains with renewed buying from cash traders and hedgers shifting from September to December, while corn and oats followed the wheat movement.
The New York stock market showed volatile trading with gains and losses across industries. Frisco common near record, Pennsy strong, and several rail, chemical, and equipment shares hit new highs while money supply tightened and foreign exchange posted new annual highs for kroner and milreis.
Mixed stock movements dominated as early price gains sparked large offerings and a sharp trend reversal. St Louis and San Francisco rails gain potential dividends, Baldwin supported certain blue chips, while crude oil price cuts press on. Grain markets show Wheat and Corn fluctuating with firm Winnipeg bids and easing export demand, oats and rye firm late.
Livestock receipts in Chicago on August 27 show hogs up 10 to 15 cents from Wednesday with strong weight classes and top at 13.45. Cattle receipts reach 10,000 with fed steers higher in spots and yearlings near 16.90 while stock cows and bulls hold around prior levels. Sheep receipts total 12,000 with fat lambs 25 cents higher and natives at 14.50 to 14.75 early, cull natives 11 to 11.50.
ST PAUL Minn Aug 27 Cattle receipts 2300 opening steady with fat steers and yearlings in light supply salable at 7.25 and down calves receipts 2200 about steady good lights 10.50 to 190.75 hog receipts 5000 strong to higher top 13 desirable 225 to 325 pound butchers 12.25 12.50 packers sows 10.75 11 pigs 25 50c higher bulk feeders 12.50 average cost 11.64 weight 263 pounds sheep receipts 1500 fat lambs 25c higher sheep steady bulk fat native lambs 13 14 culls 10 fat ewes to packers 4 7 breeding ewes up to 10 native feeding lambs 2.50 13
Omaha reports 6000 hogs with higher prices for butcher and light grades, bulk 140 to 210 pounds at 12 to 13 dollars, top 13.10. cattle receipts 3809 with slow steady demand, butcher cows 3.75 to 5.25, yearlings 123 to 13.25, veal tops 9, stockers and feeders 6 to 7. sheep receipts 14000 with lambs steady to 16.75, natives 14.25 to 14.50, feeding lambs 14.50 to 14.75, ewes 7.50 to 9. Breeding ewes 7.50 to 9.
Denver dispatch notes cattle, hogs, and sheep trading with mixed to higher receipts. Hogs top at 13.75 a load, fat hogs up about 50 cents, calves and feeders firm to higher, sheep fat lambs 25 to 40 cents higher with Idaho and Colorado lots reported, market steady on feeding lambs.
In Los Angeles on August 27 cattle receipts reach 300 with holdovers 700. Steers steady to strong, good stock steady. top steers 7.35 to 8.00, 1 070 lb steers at 8.20, cows top at 6.10, canners and cutters 2 to 3.50, calves slow but some 11 for good vealers. Hogs receipts 100, bids around 15.60 for 205 to 210 lb trucked-in butchers. Sheep receipts noted with 76 lb lambs at 11 and choice lambs at 14, ewes 5 to 7. Portland market shows cattle receipts 59 and calves 30 with little sale. hogs 265, strong to 2.56.
Higher prices noted with one double deck clipped lambs billed to shippers at 14.75 with freight paid. One deck good to medium priced at 14.40. Few drive-ins at 14.60. Sheep receipts none. market mostly steady.
Spokane notes cattle receipts 347 hogs 206 with prices for cattle, hogs, and sheep steady. Cattle market steady with typical ranges. hogs mix shows good to choice at 14 to 14.10. sheep prime lambs 10.75 to 11.75 with no other changes in quotations.
Cal money firm with a 4 percent range on call money and 60 to 90 day loans. Ruling rate 4 percent, closing bid 4 percent, offered 4 percent, last loan 4 percent. Time loans firm with mixed collateral and prime mercantile paper at 4 percent.
Irregular quotations reported in New York show Great Britain at 4.855 16 for demand, 4.85 11 16 on cables, and 4.81 11 16 for 60 day bills. France at 4.69 demand, 4.79 cables. Italy at 3.74 both demand and cables. Belgium 4.52. Germany 23.89.
The report notes bar silver at 71% cents in New York and 32 1/2 pence per ounce in London. Mexican dollars are listed at 4 1/2 cents. Money market rates show 3 1/4 percent.
New York August 27 copper holds around 14 and a half cents with nearby futures at 57 cents. Iron and lead show firmness and stability while zinc trades at about 7.62 cents in East St. Louis. Antimony remains spot priced with limited change.
London metals bulletin lists spot and futures prices for copper tin lead and zinc. Standard copper spot £62 12s or 62 Os Ss and futures £63 at 0s 0d. electrolytic copper spot £67 15s. futures £68. Tin spot 254 12s 6d. lead spot 39 Ts 6d. zinc spot £36 17s 6d. futures £36 7s 6d.
Flour prices were unchanged in Minneapolis with bran listed at 34. The brief dispatch notes steady market conditions for flour while bran edges higher at the quoted level, reflecting modest demand signals in the region.
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