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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jan 13, 1925
Page
12
Wheat rallied as US visible supply drops and strong demand push futures to new highs. May delivery hit 1.85 per bushel with nearby months gaining, while butter, corn, and oats echoed the firm tone amid export activity and shifting stock levels in several markets.
New York trading opened with higher call money rates but steady buying pushed the market up led by United States Steel, which hit 126 and closed at 125 for the day. Automotive issues gained, with General Motors and Nash Motors posting notable advances amid rising earnings expectations.
United States Steel led December bookings boosting industry output and employment, with Steel common reaching the highest price since 1917. Morgan interests pushed Motors higher as Simms Petroleum strength grew, while California Packing eyed earnings of 13 to 14 dollars a share. Sterling hit a fresh high, money markets showed a steadier tone, and a Boston plan emerged to build a $50 million fleet of transcontinental passenger and freight craft with Boston as terminal.
Cattle and hog receipts pile up with mixed bidding across cities like St Paul and Omaha. Hogs range from 9.25 to 10.60 for various weights while cattle show steers and heifers at 3.40 to 6.75 for common grades, with high end mostly steady to firm on favored lots. Buyers report slow activity on sheep and lambs amid uneven demand and price shifts.
Receipts of cattle and sheep remained steady with bids firming. Top prices reached for plain to good weights, while veal and feeder stock showed mixed gains and losses among cow and hog categories.
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