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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Feb 10, 1925
Page
10
Financial brief notes a wide wheat price drop after an earlier rally. May futures fall to 1.90 while other months slip. corn oats also weaken and provisions rise slightly. Broad activity includes fluctuations at Liver pool and regional grain exchanges with continued market volatility.
Stocks showed volatile moves with high priced specialties leading gains. United States Cast Iron Pipe rose 19 points to 214 in a sensational advance, while American Can climbed to 172% near its peak. General Motors gained on dividend expectations, and several blue chips posted mixed results amid broad turnover.
A brief market flare up described as a money flurry affected various commodities. Observers noted higher bids on certain futures while others eased as discussions centered on future supply and potential resumption of talks. Forecasters cited shifts in control of tobacco interests as a possible factor behind price moves.
Early morning trading shows potatoes moving low in Chicago with receipts of 94 cars. United States shipments totaled 1 064 with Wisconsin Minnesota and Idaho pricing for sacked round whites and other varieties, reflecting a mixed but subdued market.
Omaha and other markets report cattle and hog receipts with mixed demand. Hogs range 10.50 to 11.30 for various weights, packers holding back. cattle show slow but steady demand with top steers around 11, vealers and cows varied. sheep and lambs weaker with fat lambs around 17.5 to 17.8. Regional notes include Kansas City and Spokane listings with similar trends and price spreads.
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