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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Aug 30, 1925
Page
25
Bearish sentiment dominated the wheat market with sharp declines in Chicago and Minneapolis futures. Wheat prices dropped 1.5 to 2.0 cents, corn and oats softened, while provisions edged higher. cash and futures quotes for various wheat grades and grains were listed.
New York stocks turned reactionary near close with net losses of one to three points on many favorites. Motor shares led early gains but could not hold, while United States Steel and American Can fluctuated. Foreign exchange showed small moves with kroner rallying and Sterling near 4.85 dollars.
The New York FX market reports steady quotations on August 29 with Great Britain at 4.85 cents on demand and 4.859 16 on cables, 60 day bills at Banks 4.81. France 4.69 on demand and 4.0R 6 on cables, Italy 3.75 and 3.76, Belgium 4.51, Germany 23.86.
Clearing House banks and trust companies in New York report an offensive reserve of 280,540 for the week, down 24,744,660 from last week when excess reached 25,125,200.
Chicago August 29 potatoes receipts 37 cars total U S shipments 698 market barely steady trading slow Wisconsin bulk round whites 2 15 to 2 20 Minnesota sacked round whites 1 90 to 2 05 Minnesota sacked early Ohios heated 1 55 Bicycles that may be folded and carried have appeared in Scotland.
Wheat prices fell to new lows as speculative demand and milling inquiries remained active yet pressed by favorable harvest weather in the Northwest. Corn saw better bid on dips and oats softened. rye stayed weak with light demand and stagnant exports as farmers hold back in a slow market.
The market in Saturdays trading drifted in a narrow range with a tired look in the second hour as supply increased and favorable trend developments appeared. California fuel oil and Pennsylvania crude cut prices, while gasoline markets saw sharp reductions overshadowing other news such as the weekly trade review and rail figures.
Lambs rise to around 25c higher with strong demand for fat sheep. Fat lambs at 14 to 15:50 bulk. feeding and cull natives mixed. Hogs steady to lower. cattle receipts light with grass cattle down. sheep receipts high with fat lambs 13.75 to 14.60 bulk and ewes 6.00 to 6.75, feeding lambs steady to 14.16 top.
Heavy hogs bring 18 to 18.85 per cwt with price range 11.50 to 12.75 for rough and heavy sows. Fat pigs cited at 12.56 to 12.75, feeders and light pigs at 12 to 13. Sheep receipts total 281, market remains steady and unchanged.
Associated Press reports Chicago hog receipts about 3,000 with prices largely steady. Hog classes show 140 to 210 pounds at 13.25 to 13.45, top 13.60, 225 to 300 pounds around 12.50 to 18.16, heavy-weight hogs 11.80 to 12.95. Cattle receipts about 500 with top steers at 16.25 and best handy-weights around 16.10. western grass run around 14,000. Sheep receipts about 2,000. market nominal with direct receipts dominant.
Hog receipts 500 with mostly steady to higher bids across grades. 140 to 210 pound hogs $12.50 to $12.85, 210 to 280 pound butchers $12.25 to $12.50, sows $10.75 to $11.15, bulk hog price range $10.85 to $12.50. Cattle receipts 200 with varied week-to-week changes. steers and yearlings unevenly higher, grass cattle steady to lower, stockers and feeders mixed, veals steady to strong. Sheep receipts none. fat lambs up 50 to 70 cents, yearlings steady, feeding lambs 25 to 40 cents higher, breeding ewes around $8 to $9.5.
Cattle receipts 4300 with mixed changes across classes. Slaughter steers and feeders down 25 to 60 cents, cows and heifers 10 to 20 cents lower, canners and bo logna bulls steady to 26 cents higher. Calves uneven with some declines, top weight groups around 13 dollars. Sheep receipts 1000 with fat lambs 25 cents higher and native feeding lambs 25 cents higher. top fat lambs 14.25, native feeding lambs 12.50 to 13.00.
Sioux City Iowa Aug 29. Cattle receipts 500. Market compared with week ago: Fat steers and yearlings steady to 26c higher, fat cows and heifers strong, canners and cutters strong, grass cattle 15 to 20c higher, veals steady, bulls steady, feeders steady, stockers 25c lower, stock yearlings and calves 25c lower, feeding cows and heifers weak, stock heifers 40 to 60c lower.
Spokane August 29 cattle receipts 110 and hog receipts 42 show market steady. Prices for hogs range from 13 60 to 14 75 with good to choice quality noted.
Flour bran prices listed by Associated by Minneapolis show bran at 24 dollars.
The report notes bar silver in New York and London with recent percentages and prices, alongside a Balkans storm—giant hail in Belgrade area killed two and injured 60 in Starisivath as a cyclone devastated Banat and cut communications.
Harry Kleinschmidt, 56, a mechanic, returned to Cincinnati after seven years to find himself legally dead while his wife and mother of four had remarried. He says a fall from a scaffold caused injuries leading to prolonged emesis and a presumed death.
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