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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jul 09, 1925
Page
10
Chicago market reports a rise in wheat due to predicted heat and black rust risks. Prices firmed for nearby months while corn and oats showed mixed movements. notes of reduced market movement support the rally.
Stocks advanced on favorable trade data and easier money rates as volume topped 1.25 million shares. Steel and non ferrous metals led gains with United States Steel and American Smelting hitting new highs, while motor issues lagged on merger and price cut headlines.
Minneapolis reports flour up 10 to 30 cents with family patents at 8.40 and bran at 23.24. Duluth flax closes with July at 2.44 and September at 2.42, October at 2.39.
Butter unsettled with high creamery receipts and varied prices. Eggs weak with large arrivals and mixed prices across grades. Cheese steady with large overall receipts. Chicago potato market shows good trading, Irish Cobblers and Virginia barred varieties cited. Call money in New York easier with time loans firm and commercial paper at 3 to 4 percent.
Market strength persists with robust offerings in stocks while oil and steel sectors show bullish tones. Wheat and corn rally, with July grains leading gains as traders await the government report. weather and crop prospects shape price swings. Export demand remains steady, with over 300000 bushels chartered east amid light trading volume.
Hogs receipts 19 000 slow uneven prices 13 14 top 14. Cattle receipts 12 000 very slow trade mostly lower feeders steady at 11 12. Sheep receipts 12 000 lambs steady westerns higher fat native lambs 14 15 few.
Sioux City market notes receipts 2,000 with mixed demand across cattle classes. Omaha hogs and cattle receipts 12,500 and 7,500 with price shifts: butchers down 10 to 15 cents, top hogs near 13.45, cattle mixed with fed steers 9.75 to 12.25 and grass stock weaker. Denver hogs scarce with early tone softer, cattle steady, sheep turnout light.
ST PAUL Minn July 8 Cattle receipts 1800 slow steady on red steers yearlings fat stock beef bulls strong to 25c higher bulk grass steers and yearlings 650 8 cows 465 heifers 525 6 canners and cutters 275 325 bologna bulls 450 475 stockers and feeders about steady bulk 475 6 Calves receipts 3000 25 50c higher bulk 190 10 25 Hogs receipts 11000 slow early sales mostly 25 40c lower than Tuesday's average bulk sorted 219 300 lb butchers 1325 sorted 160 200 lb hogs up to 1250 packing sows 111 1150 pigs scarce steady few feeders 1313 25 average cost Tuesday 1256 weight 268 Sheep receipts 500 steady bulk fat natives lambs 1350 1450 culls around 9 handy weight ewes 650 77 heavies down to 350
SPOKANE July 8 cattle receipts 170 steady prime steers 8.00 to 8.50 good to choice 7.25 to 7.75. cows and heifers 5.75 to 6.25. canners 1.50 to 3. bulls 3.50 to 4.50. stockers and feeders 5.60 to 6.50. Hogs receipts 68 steady good to choice 14.00 to 14.19. heavies 12.00 to 13.10. rough sows 11.00 to 11.10. fat pigs 12.50 to 13.10. feeders 12.75 to 13.25. Sheep receipts none.
Portland market notes show cattle receipts none with steady prices hogs receipts 80 steady and sheep receipts 740 steady. The brief dispatch records supply movement and price stability for cattle hogs and sheep in the period.
In New York copper remains firm across electrolytic spot and futures with little change. Tin holds at 57.75 cents spot and 57.12 cents futures. Iron and lead stay steady. Zinc climbs to 7.15 7.20 cents at Wast St. Louis spot and futures. Antimony at 19.00 cents.
Sugar futures in New York closed easy with about 47 000 tons offered. July at 2.51 cents, September 2.62, December 2.75, January 2.76.
The Associated Press reports New York on July 8 that foreign exchange rates held steady. Quotations in cents show Great Britain demand 4.85, cables 4.86, and 60 day bills on banks 4.815.
France shows demand at 4.70 percent, Italy 3.69 percent, Belgium 4.6114 percent, Germany 23.80 percent, reflecting varied market pressures across major European economies. The data highlights divergent demand dynamics shaping regional economic trends.
The report lists London prices for copper tin lead zinc with spot and futures values. Copper spot £61 0d futures £62 28s 6d electrolytic £65 0s futures £65 10s. Tin spot £256 2s 6d futures £258 7s. Lead spot £33 17s 6d futures £33 2s 6d. Zinc spot £34 10s futures £34 2s 6d.
Bar silver in New York quoted at 69.5 cents per ounce. Mexican dollars listed at 53.5 cents. In London on July 8 the bar price stood at 32.5 cents per ounce with money at 3 percent.
State and federal investigators probe a nocturnal gunfight in the West Virginia hills that killed W. F. Porter, chief enforcement agent, and George Ball, with W. E. Workman seriously wounded. J. F. Poe and Homer Joy are jailed on murder charges.
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