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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jul 16, 1925
Page
12
Cooler weather forecasts drag wheat prices in Chicago trading with September near 1.52 and December around 1.53. Corn and oats slip slightly while hog futures support the firm provision market. export demand remains light and hedging adds pressure.
New York stock market advanced broadly led by standard Industrials while trading volume rose. United States Steel climbed over two points to 117 1/8, United States Rubber hit a 1926 high above 64, and American Can surpassed 200. Public utilities posted new earnings highs with Montana Power North American Company and International Telephone at fresh peaks. Call money eased to 3 1/2 percent as outside markets showed limited action and several rail shares posted fractional gains or faded rally.
Moderate general buying persists with gains concentrated in specialties led by American Can. Market signals point to a weather influenced week with erratic trends and limited upside potential. Wheat weak on cooler Northwest weather and spring damage reports, while corn and oats show steady or light activity amid attention to new crop developments. Cargo inquiries and steady baste prices support modest optimism for grain markets.
A fragmented market update shows hogs at Sioux City with mixed weights and prices, including fat cattle and veal figures. Chicago reports include hog and cattle receipts, with fed steers steady to strong and top steers around 14.26, reflecting broader market activity and price ranges.
Cattle and sheep receipts listed across Portland Spokane Denver and St Paul show steady to mixed currents with feeders rising slightly in some markets. Metals and currency data accompany price ranges for copper tin zinc and silver, while a note covers visa requirements for travelers to Free State ports, with potential broader application.
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