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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jun 03, 1925
Page
10
Chicago and Minneapolis market notes show corn fell up to 5 percent amid rains and drought relief, with wheat rising modestly. Futures for July and September traded near steady while export demand and fresh buying supported grains. butter and dairy prices also moved unevenly across New York and Chicago.
New York stocks reversed early declines with brisk gains as call money eased and dividend and merger news boosted sentiment. Maxwell Motor and DuPont led with sharp moves while utilities and rail shares posted advances and foreign exchange hit new yearly lows for francs and lira.
The market opened firm and turned mixed as bears pressed pivotal stocks including Nice Steel Can and Mack Truck. Mack Truck slid on dividend news while Steel resisted breakouts, and shorts helped pull up some issues with buying from informed sources.
In New York refined sugar withdrawals on old contracts active. new business moderate. Prices steady at 5.55 to 5.70 cents per pound for fine granulated. futures closed steady with July 2.73. September 2.86. December 2.90. January 2.89 cents. In Chicago potatoes weak trading. sacked Bliss Triumphs at 28 to 75 cents. old stock slow. Wisconsin Michigan whites 1.40 to 1.60. Minnesota sacked 30.
Call money steady at 4 percent with accepts at 3 percent. Foreign exchange quotes vary with Great Britain at 4.85 and Italy around 3.95 to 4.96 in cables. Copper steady at 13 5/8 cents. tin at 55.12 cents. iron, lead, and zinc show little change. bar silver 68 1/2 cents.
London metal prices show spot and futures levels for copper tin lead zinc on June 2. Copper spot £60 Ss, futures £61 5s Electrolytic copper spot £63 10 8, futures £64 Tin spot £250 12s 6d futures £250 17s 6d Lead spot £33 5s futures £33 Zinc spot £34 5s futures £33 15s.
Chicago on June 2 reports hog receipts at 19 000 with uneven demand and gains to 15 cents. cattle receipts 9 000 with fed steers up 10 to 15 cents and fat cows and heifers stronger while light weight offerings meet buyer discrimination. sheep receipts 9 000 with fat lambs 25 cents lower and natives priced around 15.75.
Cattle receipts 1800 with fed steers and yearlings in light supply and prices from 5 to 9.75 for bulk steers and yearlings. Calves 1300 steady with lights around 9. Hogs receipts 7500 slow with openings slightly higher and top about 11.99. Sheep 100 receipts fat lambs 25c lower and ewes around 7.25 with odd fat lambs at 15.25.
Sioux City Iowa cattle receipts report market activity with gains for fat steers and yearlings at about 9 to 10.40 dollars, fat cows and heifers around 4 to 10.50, veals near 5 to 6, and stockers and feeders between 4.50 and 6.50, reflecting a 25 cent rise on several categories.
The Omaha market reports 8 600 hogs and 5 800 cattle received. Hog prices rise 25 35 cents with top at 11 95 and bulk around 11 40 to 11 85. Cattle show activity with steers up 10 15 cents, weights heavy and dressed at 9 10.40 with strictly choice at 1 647 pounds.
Sheep receipts show 8,000 with lambs and yearlings mostly lower. Idaho natives and yearlings range around 15 to 15.50, heavies down to 12, sheep steady with fat ewes 6.50 to 7.50. Veal, stockers, and steers hold steady with light heifers up to 10. Prices indicate mixed demand across stock categories.
Denver reports 2,300 hog receipts with top loads reaching $131.85 for six loads and fat pigs at $10.25 to $10.50. Cattle receipts total 1,500 with killing classes steady, yearling heifers around $10.30, cows mostly $6.75 to $7.50, and many small loads under $6.00. Sheep receipts none with no sales.
Cattle receipts about 200 with steers at 8.10 daily bulk fat stock 5.50 to 6.50 grass cows 2.50 to 3.50 calves 100 head steady milk calves 11.50. hogs 600 receipts holdovers 500 slow steady to weak top 13.35 for 160 pound hogs 13.50 for 130 pounds. sows 11.50 to 11.70. sheep none spring lambs 12.50 to 13.50.
Spokane June 2 market summary lists cattle receipts 75 steady hogs 367 steady and sheep 23 steady with no price changes noted for the day. The brief notes overall demand and supply were even across livestock categories.
PORTLAND June 2 cattle hogs and sheep steady with no receipts. Germany's association of department stores that runs a central buying organization reports 2,000 members.
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