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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Dec 16, 1924
Page
10
Chicago show strong wheat gains as visible wheat supply falls by 1,382,000 bushels and rye drops 1,691,000. May futures at 1.68 1.68%, July 1.48 1.48%, corn steady to off, hogs rise pressure on lifts in prices, and butter and eggs move higher in New York trading.
Stocks advanced as a few specialties led the drive with United States Cast Iron Pipe up 13 points to 150 and Worthington Pump near 12 to 71. Central Railroad of New Jersey climbed to 274 on merger hints. Atchison hit a 15-year high amid treasury stock moves. Several leaders set year peaks as overall market closed higher with 50 issues at new yearly highs.
The Associated Press notes cash grain values in Minneapolis with various grades and delivery months, followed by a New York report on the visible supply of American grain and flax prices in Minnesota. The data include wheat, corn, oats, rye, barley, and flax with December and future-month pricing and on-track statuses.
The day saw a billion dollars turnover with no rate flurry as funds eased to 3 percent in the afternoon. Reports from Youngstown and Chicago note expanding trade and rising industrial activity, led by Cast Iron Pipe and strong rail and mining stocks. Boston Montana Mining reports 6,000 stockholders joining its reorganization, with a 750 ton mill ready to start.
Refined sugar prices were steady to 20 points lower in New York trading. The list ranged from 7.1 to 7.60 cents for fine granulated as trading stayed light. Refined futures were nominal with Dec at 4.59 cents and nearby months around 2.93 to 7.85 cents.
Associated Press reports slow trading in potatoes with 72 cars on hand and 610 shipments Saturday. Sunday totals show 23 cars. Weaversin and Minnesota packed round whites sell at 90 to 95 cents, 85 cents poor. Wisconsin bulk round whites at 6 cents. Minnesota packed red river Ohios range from 1.10 to 1.15.
Hog prices ease with 200 pound averages down about 25 cents while top hogs reach near 9.85. Cattle receipts total 29,000 with slow trade and values largely under Friday, yearlings up to 14.50, fat steers around 9.50, canners 2.60, bulls scarce. Sheep and lambs show active demand with fat natives and westerns steady to firm, lambs 15.75 to 16.25 reaching early highs.
Cattle receipts reach 7,800 with slow sales and declines to 25 cents, buyers weak on steers yearlings and fat cows while calves hold near steady. Hog trade at Omaha sees 40,000 head mostly 25 to 50 cents lower with loads from 7.75 to 9.25 per cwt and sows around 8.0 to 8.5. Sheep and lambs show slow begins but close with some strength in fed western lambs and steady sheep prices.
Cattle receipts reach 22 000 with calves 4000. bids weak to lower for fed steers and fat stock while bulls rise slightly. Hog receipts 27000 with best grades scarce. average 180 to 280 pounds about 9.15 to 9.55, bulk 8.85 to 9.45 as packers hold prices. Sheep receipts 7000 with killing quality generally plain. top fed lots to shippers at 15.25 with others around 16.16 to 16.75 and clippers at 12.65.
Portland stockyard reports 2 460 cattle receipts with calf and steer prices across grades. Calves bring 5.60 to 8.00, cows 5.25 to 5.50, bulls 9.50 to 9.65, hogs steady with packers paying 6.50 to 7.60, sheep and lambs around 25 to 500 per head in varying grades.
Receipts show lamb pricing by weight and quality with line items for heavy and medium to prime lambs and yearling wethers. Ewes and canner cull values listed, with prices ranging from $2 to $12 per head and notes on weight classes.
Cattle receipts around 2000 slow with few high grades. fat cows mostly 3.75 to 6.25. calves light at 210 to 315 pounds 5.50 to 6.50. hog receipts 3500 uneven with late top around 10.40 and sows 8.50 to 8.75. sheep 850 active with lambs up to 14.50 and 124-126 pound wooled ewes at 7.50.
Spokane market report shows cattle receipts 818 steady with primes from 6.75 to 7.50 and common to fair 3.50 to 4.50. Hogs receipts 2,189 steady with good to choice 9.25 to 9.50 and fat pigs 7.25 to 8. Sheep receipts none with prime lambs 10 to 11 and prime wethers 4.50.
Hogs receipts 2 200 mostly 10 25e lower with top $9 40 pair for 210 280 lb weldrites. Cattle receipts 2 300 calves 300 best vealers up 50c. Sheep receipts 3 700 with one lot choice 4 lb fat lambs at $14 60 flat.
Receipts show 617 cattle and 8,969 hogs. Cattle ranged to 8.66 per hundredweight for choice steers. hogs in good demand with top hogs at 10 cents and prime light weights 166 to 260 pounds. Average hog price mostly 9 to 9.90.
The American Smelting and Refining Company today advanced the price of lead from 0.3 to 0.3? per pound. The report from New York cites the Assects of Press noting the uptick as of December 15.
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