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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Dec 08, 1925
Page
14
Markets rally as Argentina export estimates shrink boosting wheat to season high. Chicago quotations strengthen with December and May futures showing gains. oats and provisions move variably. Minneapolis listings reflect cash grain, flour, and sugar fluctuations amid broader commodity shifts.
Stocks rose broadly as railroad and industrial shares led gains amid reports of October earnings highs and pending consolidations. Hudson Motors and petroleum issues lagged with renewed buying while United States Steel supported the market. call money rose to 5 percent. Foreign exchange trades were quiet with sterling around 4.84 and French francs near 3.45 dollars. Time money held at 4 to 5 percent as excess reserves contracted.
The market shows mixed movements with gains in rail and oil related issues amid speculation on legislation. Bullish sentiment lifts Steel and other sectors while call money firms and foreign exchange shows irregular quotes across the board.
Swestoge reports hog receipts 42,000 with prices up to 30 cents. cattle receipts 29,000 with lean to medium demand and vealers up to 12 dollars. sheep steady with lambs near 17.50. Omaha hogs 11,000 with 10.85 to 11.10, steers weak to 8.75, calves around 9.60. St Paul cattle slow but steady, hogs 10.25 to 11.00, sheep firmer around 16.25 to 16.50. Spokane cattle steady 6.75 to 7.25, hogs around 11.35 to 12.00, yearlings up to 7.50. Sioux City cattle steady, fat steers 7.80 to 9.50, cows weaker, calves 9.60.
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