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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Dec 27, 1924
Page
8
Chicago and Minneapolis grain markets surged with wheat crossing 1.80 a bushel for the first time this year. May and July futures climbed while No 2 red sold at a peak. Corn and oats followed wheat gains as ice damage fears and Argentine export outlook drove buying.
Stocks rose on December 26 as copper issues led gains and 47 issues topped prior 1924 highs. United States Steel climbed to a seven year high amid steel expansion hopes. New York Central and other rail and industrial stocks also reached new peaks while money markets held at 4 percent.
New York reports butter receipts at 7 068 with creamery extras around 92 store and eggs steady with fresh firsts at 66 to 68 cents. Chicago notes unsettled butter with creamery extras at 41 2 cents and prices for eggs rising to 40 to 57 cents for various grades.
Met al market notes show electrolytic copper steady with little change in spot and nearby prices. Zinc in the east remains steady as futures and spot prices hold. Antimony prices listed at 16.50 to 16.50 cents per pound with spot activity noted.
Cop per metal sold at 15 cents triggers heavy buying in copper shares led by Anaconda Butte & Superior Magma Greene Cananea Inspiration Kennecott and Chile. Rails steels and oils steady while American Woolen warns of tapering manufacturing demand and potential losses ahead.
Receipts: hogs 42 000 cattle 9 000 sheep 15 000. Hogs steady to 25c higher with top around 10 80 for 240 to 280 lb. Packers holding back. 180 to 225 lb and lighter ranges noted. Slaughter pigs up to 9 in places. sow values 9 75 to 10 10. Cattle strong to unevenly higher. steers 11 50 top for fancy weights. heifers and bulls mixed. vealers steady to higher around 10 50. Sheep receipts 15 000, fat lambs 25c higher.
Market notes list price ranges for fat sheep and ewes with bids for prime lambs and yearlings. Prices shown include $18.50 to $19.25 per hundredweight for top grades and $417.50 for a higher weight fat sheep lot, while feeding lambs stay fully steady.
Omaha market summary shows hog receipts at 6600 with prices mostly 10c higher. top 10.20 and bulk 9.50 to 10.10. cattle receipts 2800 with slow to weak demand and bulk steers and yearlings around 79 to 9.25. some cattle at 10.19. sheep receipts 7000 with lambs opening about 5c higher and girth of prices from 9.25 to 18.50 for fed lambs and clippers 14.25, with feeding lambs up to 15.50.
Cattle numbered 500 with strong but uneven prices. Top steers around 760 pounds, heifers to about 6.35, canners and cutters near 2.25 to 3. Calves around 300 head, best lights 1. Hogs 6,500 high activity, range 10 to 10.50 for 200 pound plus, top around 10. Sheep active with native and western lambs mostly 17.50 to 18.00.
PORTLAND Dec 26 cattle calves hogs and sheep nominally steady with no receipts noted in market report.
Denver reports hog receipts around 1000 with mostly 10 26e higher prices and top at $10.50, cows and calves about $4.40 to $6.25, steers around $7.15, hogs and pigs varied with late loads at $7.75 to $10.40, limited stockers or feeders in. Cattle receipts total around 400 with some odd lots and steady heifer prices, high grade cattle near $9.75 to $10 for dealers.
Readable fragments show lamb prices around 75 cents higher than Wednesday with loads and averages cited. One six pound load priced at 17.50 dollars, others between 17.10 and 17.25. Late Wednesday medium loads report 83 pound averages at 17.26 dollars.
Spokane market reports show cattle receipts at 28 head with steady trade. Hog receipts 860 with prices from 10.50 to 9.75 for various weights and sows at 7.25 to 8.75. Sheep receipts none with market steady.
A scrambled fragment notes discussions on water power projects associated with Tamarack and Western Union at 14 West Hunter and a reference to Senate context in Wash. The readable items suggest utility or infrastructure topics rather than a clear event or result.
Receipts for December 26 show 100 cattle and 1 146 hogs with hogs cleaning up early. Top price at 10.75 for prime light hogs 160 to 200 pounds mostly 10.40. Cattle steady with choice steers around 8.50 and higher.
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