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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jul 11, 1925
Page
10
Chicago market shows heavy closing for wheat with declines of 2% to 2% cents as early buyers take profits and weather and crop expectations shift. Corn gains modestly while oats hold steady. government yield estimates influence prices. nearby cash market softens.
Refined sugar remained quiet and easy with refiners taking orders at 5.35 cents for fine granulated. Futures closed steady as about 61,000 tons were sold. July futures at 2.40 cents, September 2.53 cents, December 2.67 cents, January 2.69 cents.
Potato receipts totaled 49 cars with United States shipment at 797. Market remains strong as Kansas and Missouri sacked Irish Cobblers fetch 3.50 to 3.75 per sack, ordinary stock 3.35, sacked early Chips 3.34, and Virginia barrel Cobblers around 7 dollars.
Trading slowed with market losses and scattered gains after call money rose to 4 percent. U S Steel volumes fell while Bethlehem Steel gained near two points. Rock Island rose amid late railroad activity. Call money closed at the top with funds tight and money markets firm.
Hogs receipts in Chicago run 18 000 with most destined to shippers and packers and prices 25 to 40 cents above Thursday. Slaughter hogs and light types scarce with top at 14.20. Cattle receipts 4 000 and market slow with steady prices, best loads around 12.90, other natives 8 to 9, and bulls 9 to 9.50. Sheep at 25 cents higher for natives, best 15.50, fats steady. Omaha hog receipts 1 500 and about 25 cents higher, better grade butchers unchanged to higher. New York money market details: call money firmer, high 4 percent.
The Friday stock market showed irregularity with call money at 3 percent rising to 4 percent. Liquidation increased amid Dow Jones notes of rising risk in China. Wheat fell late after early gains as buyers faded and hedging pressure eased. Export sales reached 500000 bushels including hard wheat to Greece. Corn closed higher on a surprising government report while oats held a small loss as demand stayed active and visible supplies declined.
Cattle receipts totaling 2 000 with good and choice fed steers steady. bulk feeds 9.25 to 12.25 and tops to 13.75. Hog receipts 5 000 with 25 to 40 cents higher. best 190 to 108 pound butchers 13.25 to 13.50. sow 11.25 to 11.50. average cost Thursday 12.06. Sheep receipts 8 000 with lambs active and steady. natives 13.75 to 14.75. ewes to 7.25. feeders weak.
Sioux City Iowa July 10 cattle market slow. killers steady. strong stockers weak. Fat steers and yearlings 8.13. bulk 10.12. Fat cows and heifers 5.50 13. grass cattle 3.50 6.50. Bulls 3.50 7.50. feeders 5.50 7. yearlings calves 4 7.25.
The notes indicate closing bids near 3 to 4 percent with offered and last loan rates at 4 percent. Call loans against acceptances reach 344, time loans show firmer terms with 60 to 90 days at 3 to 4 percent and 4 to 6 months at 4 percent. Prime commercial paper sits around 3 to 4 percent.
Foreign exchanges in New York on July 10 showed steady quotes with Great Britain at 4.85 dollars on demand and 4.86 cables, France 4.68 demand and 4.69 cables, Italy 3.70 both ways, Belgium 4.62, Germany 23.80. Copper held at 14 percent, tin at 57.50, iron, lead 8.00 to 8.30, zinc 7.17, antimony 19.00.
Standard copper spot and futures quotes shown with prices for electrolytic copper tin lead and arsenic products. Copper spot £61 7s 6d futures £62 7s 6d electrolytic £65 5s futures £65 15s tin spot £257 15s futures £258 17s 6d lead spot £34 2s 6d futures £33 7s 6d arsenic spot £34 10s futures £34 2s
Cattle receipts 300 and steady with loads of grass steers at 1 123 pounds $8, cows 900 942 pounds $5.25 5.75, canners and cutters $2 3.50, bulls $4 4.75. Calves receipts 100, choice strong at $12, common to $9.50. Hogs receipts 300, loads 184 203 pounds $15.25, 150 155 pounds $15, packing sows $11 11.50. Sheep receipts none, lambs $13 14, common to choice $4.50 6.50.
Hogs receipts 300? mostly 25 to 35 cents higher. Top $14 for 243-pound drive ins. 261 to 274 pound loads $13.85 to $13.90. most drive ins $13.60 to $13.80. Cattle receipts 700. calves around steady. few canners and cutters $2.50 to $3.50. dealer ranges $9. Sheep receipts 4,500. lambs and Idaho and Oregon lots from $14.25 to $14.50 with different ear tags.
PORTLAND daily cattle and hog market steady with cattle receipts 20 and hogs 150. Sheep numbers 395 with valley lambs 50 cents lower. medium to good grades $10 to $11.50. SPOKANE reports cattle 94 steady, hogs 314 steady, sheep 75 steady.
BAR SILVER New York July 10 bar silver 69 1 2 percent Mexican dollars 53 1 2 percent London July 10 bar silver 32 4 per ounce money 3 percent
The London colonial wool auctions show a sound rise in prices with a healthy global raw material market. Cross bred and merino prices advance, river Plate and cape markets climb, and skin wools from Australia fetch higher bids. Domestic fleeces and mohair also show firm, steady activity amid a cheerful goods market.
Charles W. Henderson of the US Geological Survey warns the Meeker Rifle highway mountain may slip into the Rio Blanco valley as large cracks appear at its base. Geologists blame base weakening from highway construction and a suspected physical amputation of the peak's toe for the shift.
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