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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jul 10, 1925
Page
10
The July market summary from Chicago and Minneapolis shows wheat prices slipping amid Liverpool weakness and crop report expectations. Prices eased for futures and cash bids, with corn and oats also lower, while black rust worries briefly supported later gains.
Butter prices steady in New York and Chicago with receipts swelling. Eggs unchanged with ample stock. Potato market shows fair trade in Chicago with shipments and regional varieties priced. Sugar futures fall slightly with July to January contracts listed.
New York stock market shows profit taking pushes prices lower after a firm opening while copper shares rise on strong demand. Heavy pool buying lifts copper related issues to new peaks before late selling trims gains. Call money at 3 percent.
Hogs receipts 28 000 and bids mostly to shipper and yard traders. Top hog price 13.85 with packers paying about 12 to 13.75 for different weights. Cattle receipts 9 000 and vealers 11 12.60 to packers. Sheep receipts 14 000 with fat lambs active and natives around 11 with some higher bids.
The report notes improved early market dealings with later hesitancy and profit taking amid a generally healthy but cautious outlook. Wheat rises on 600bu buying before government data send prices down. corn and oats show weakness with light buying and steady basis. rye weakens slowly amid moderate foreign demand and healthy fundamentals.
Associated Press notes July 9 market activity with hog receipts at 8 500 and values up to 13 50 for top market hogs. Cattle receipts 4 200 show fed steers steady with top at 13. Lambs and sheep firm with natives at 14 14 50 and range lambs near 15, fat sheep strong and native ewes desirable.
Sioux City Iowa July 9 cattle receipts about 2000 with slow wholesale activity. Killers steady to 2 cents higher for some stockers. Fat steers and yearlings around 8.13 to 12. Bulk cattle mainly 10.50 to 12 while fat cows and heifers 6.12. Canners and cutters 2 to 3.50. grass cattle 3.50 to 7. veal 4 to 9. bulls 3.50 to 8. feeders 5.50 to 7.25. stockers 5 to 7.25. yearlings and calves 4 to 7.25. cows and heifers 3 to 5.50.
Cattle receipts across St Paul Denver Los Angeles Spokane and Portland show slow or steady trading. Hog prices trend steady to slightly higher in Denver and Spokane with calves and sows mixed. Sheep demand mixed with steady to higher native lamb values and no Western region-wide consensus.
The note set outlines call loans against acceptances at 3 percent, time loans at 3 percent for 60 to 90 days, four to six months at 4 percent, and prime commercial paper at 3 to 4 percent. It reflects a firm but mixed collateral environment with specified durations.
Copper firm on electrolytic spot and futures at 14. Tin firm with spot 58c and nearby 57.59c futures. Tron steady. Lead steady at 8.8 to 8.30c. Zinc steady with Fast St. Louis spot and futures at 7.17 to 7.20c. Antimony at 19.50c.
London prices for standard copper electrolytic tin and lead move on spot and futures. Copper spot £61 15s and futures £62 15s. Electrolytic spot £266 7s 6d and futures £260 2s 6d. Tin spot £258 7s 6d and futures £260 2s 6d. Lead spot £34 and futures £33 7s 6d. Zinc spot £34 12s 6d and futures £34 bs.
New York and London report bar silver at 69 percent purity and Mexican dollars at 53 cents. Foreign exchange quotes show irregular cent movements with Great Britain at 4.85 and 4.861 1 16 for cables, 60 day bills at 4.81. France 4.69, Italy 3.67 3.68, Belgium 4.69, Germany 23.80.
Call money remained easy in New York as of July 9 with a closing bid of 3 percent and offers at 4 percent. The ruling rate stood at 3 percent, with high and low at 3 percent.
Latvia informs the treasury of its wish to fund its debt to the United States. A rolling mill recently erected costs about 3008 008 dollars and produces nearly 5 000 tons weekly, with a plate length of 114 feet.
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