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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Dec 23, 1925
Page
12
Unfavorable harvest weather in Argentina, updated crop estimates, and late market rally push wheat futures higher. Traders note potential end-of-month readjustments while corn gains and oats slip slightly as demand and export outlook stay flat.
Wall Street shares rose in late trading with Hudson Motors jumping over nine points, Chrysler up about 10, and American Can hitting a record 266. Industrials like General Electric and DuPont closed higher as oils lagged. call money at 6 percent reflected tight funds while foreign markets showed small shifts amid anthracite talks.
Edward A. Pierce of the A. A. Housman firm paid 147000 for a Consolidated New York stock exchange seat and 25000 for a curb exchange seat setting a record. Reports say the Consolidated price was 5000 below the highest prior sale while curb seats set an all time record.
New York traders report the highest renewal rate since December 31 1928 sending early market values lower though pressure eases as professional investors, oil and gas sectors, and Union Pacific figures influence sentiment. A favorable dispatch report and labor settlements temper the decline while mills cut cigar production.
Hogs trading in Chicago show 41,000 head re certs active with gains of 20 to 40 cents over Monday. Bulk good and choice 200 to 300 pound butchers bring 10.75 to 11.10 per hundredweight, 160 to 180 pound averages around 11.15 to 11.40, top intermittently 11.50. Sows range 8.75 to 9.50, heavy weights up to 12.26 in early consignments.
Los Angeles and Portland report receipts with cattle steady to active and hogs strengthening. Prices show fat steers around $8.50 to $11.75, feeding lambs about 250 lower, and bulls and cows varying by region. Portland notes nominally steady cattle with limited trading. hogs near $13.50 top on nine loads. sheep offerings scarce with steady prices.
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