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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Dec 04, 1924
Page
10
Wheat and corn led gains amid forecasts of reduced spring wheat movement and strong corn demand. Prices at Chicago and Minneapolis rose with mixed results in oats and provisions, while Argentina weather and global crop signals supported the rally.
New York stock prices rose with rail issues leading gains after Coolidge’s congressional rail consolidation proposal. More than 70 issues touched new yearly highs on heavy volume, with United States Steel and Copper sectors among notable movers and strong performances from Pennsylvanias, Erie preferred stocks, and Pure Oil reaching new highs.
Western market notes show Spokane receipts 271 cattle and 1 730 hogs with prices steady and sheep limited. Chicago reports 50 000 hogs with prices 10 25c lower, top 9 70, 160 to 200 pound goods at 9 45 to 9 70. Portland Los Angeles reports steady cattle and lambs with varied hog activity.
Grain markets rise led by corn and oats as Argentina crop damage and frost worry bulls. Steel and copper sectors show buoyancy with United States Steel forecasting gains and notable copper sales. California oil output, railroad freight policy, and large land leases for Bitter Root valley spur a broad market optimism.
Hog prices range from $5.50 to $9.70 with weights 140 to 150 pounds common and packing hogs around $8.80 to $9.10. Cattle receipts about 14,000 with fed steers, yearlings and heifers showing uneven gains. best yearlings at $14, plains down to $7. cows and canners steady to weak. Sheep receipts 19,000 with fat lambs steady to weak early. best fed westerns $15.25, feeder lambs around $14.25 to $15.15, ewes $7.75 to $8.50.
U S Department of Agriculture reports Dec 3 hog cattle and sheep receipts at Omaha and South St Paul with price ranges. Hogs show better grades and top around 9 25 at Omaha while 8 40 to 9 20 for 200 to 300 pounders. cattle steady to strong with butchers and veals varying. sheep weaker on lambs with bids around 14 to 14 50 for fed rights.
The notice announces a branch office opening at 28 North Second Street Walla Walla Washington inviting local clients to visit for service in the region.
Denver Colorado December 3 cattle hogs and sheep receipts detailed. Hogs top 9.35 per cwt for 210 to 240 lb averages. other weights around 9.15. Packing sows largely 7.75 with some 7.50. Fat pigs strong. Cattle receipts 1 800 calves feeder steers weak. Cows best loads 5.50, heifers 4.85, stockers 6 6.50. Sheep receipts 700 feeder lambs 13.65 at 65 lb, fat lambs up to 13.75, fat around 7.8.
New York copper firm in spot and futures at 14 4 cents. Tin steady in spot and futures at 55 4 cents. Iron prices mixed with No 1 northern at 23.50 25 and No 2 northern at 22.50 23.50. Lead steady at 8 9 cents. Zinc steady at East St. Louis 7.05 7.10 cents. Antimony spot at 14 cents.
New York money markets closed with firm call money at 3 percent, ruling rate 3 percent, and last loan 3 percent. Call loans against acceptances also at 3 percent, time loans steady with 60 to 90 days at 3 percent and four to six months at 3 1 2 percent. Prime commercial paper quoted at 3 percent.
In Duluth Minnesota on December 3 the flax market shows December at 2.64 and January at 2.64 with May at 2.71. These are the close figures for the day across the listed contract months.
Bar silver in New York trades at 69 cents per ounce with Mexican dollars at 53 1/2 cents. In London on December 3 the bar price stands at 133 pence 15 1/2d per ounce with money at 2 1/2 percent.
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