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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Dec 31, 1925
Page
10
Wheat spiked to 1.90% a bushel for December delivery before sliding as traders locked in profits. Corn and oats declined with large December arrivals. provisions edged up on expectations warehouse stocks won’t drop. Foreign exchange and metals markets showed mixed moves as December trading winds down.
Dec 30 New York stock market closes with indecisive price moves and broad Penny Was on volumes. Railroads rise as United States Steel slips while oil majors gain on merger talks. dollar rates and exchange values little changed amid holiday trading.
London metals report lists copper futures at £60 10s and spot £59 10s. Electrolytic copper spot £65 10s, futures £66. Tin spot £287 17s 6d, futures £290 5s. Lead spot £35 5s, futures £35 5s. Zinc spot £38 15s, futures £37 128 6d.
Flax prices in Duluth show December at 2.49 percent, January 2.49 percent, February 2.51 percent, May 2.54 percent, and July 2.54 percent, reflecting market rates as recorded in the December note.
New York leads with a mixed session as profits taken curb gains while rail and oil sectors stay strong. Renewals of 6 percent are likely and Federal Reserve meeting expectations loom over trading. Optimism remains for railroads and oil firms amid merger chatter and consolidation in 1920s market mood.
Chicago reports wheat fluctuated across a wide range finishing lower with December reaching a peak earlier. Late months failed to match yesterday’s high amid persistent buying on dips and heavy profit taking. Corn fell slowly on scattered selling while oats traded irregularly with moderate deliveries and steady cash demand.
Swestock Chicago and Omaha report hog receipts about 21 090 and 16 000 with values mostly 5 to 10c lower and top hogs around 11 40. Cattle and sheep activity steady to firm with fat lambs weak and buyers cautious. Sioux City notes steady to strong cattle prices and continuing demand for fat steers and yearlings.
Denver market report shows hog receipts 2,600 across 12 loads, top $11.85 for ~190 lb loads, other hogs $11.50-$11.65, sows at $9.75. Cattle receipts 6,500 with calves 50. heifers $11.15, cows $7, yearlings $8.50, feeder heifers up 40. bulls $4.50-$5.75. Sheep receipts 8,000 with fat lambs bid sharply lower. no sales listed early.
ST PAUL Minn Dec 30 Cattle receipts 3000 slow early steady to strong value for steers yearlings 7 8 50 canners 3 85 to So heifers 5 75 to 7 hog receipts 35000 slow uneven 25 to 75c lower butchers off most mixed hogs 10 85 to 11 indecisive weights 180 220 pounds 11 10 packing sows 8 50
The market shows reduced values with sheep receipts around 2,000 and lambs 26c plus lower. Pigs steady near 8.50 with feeders early at 12. Top fed lambs around 15.50, natives about 15.25, six to seven double lots from local feed lots, overall slow demand and few early sales.
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