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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jun 13, 1925
Page
10
Wheat futures fell as much as five cents a bushel before rebounding, with July at 1.60 and September at 1.57 as rains in the spring belt dampened sentiment. Carryover fears, cargo, and Canada spring wheat acreage boosted buying later, while corn and oats moved less decisively and hogs pushed provisions up on firmer prices.
Oil shares surged in a broad market session driven by easier money rates improved trade and higher commodity prices. Volume reached about 1.5 million shares the largest in two weeks with gains in Maxwell Motors United States Steel and others as rails reversed on alien property news and money rates eased.
Sugar futures closed easy in quiet trade in New York. July at 2.67 cents per pound, September and December around 2.88 cents, January near 2.87 cents as buyers and sellers held prices steady amid light activity.
Potatoes shipments nationwide show 694 new cars and 161 old cars with slow trading on old stock but a firmer market. Wisconsin and Michigan round whites sell at 1.10 to 1.40 with new stock trading well, barrels strong, Illinois sacked Old Ohio price range 40 to 2.75.
The Heilbronner Company reports a buoyant market with gains from fractions to three points across the list. Coppers and rails rise as the oil group remains very active, while steel stocks, pivotals, and industrials advance. Crude oil output at Smackover falls to 261,140 barrels in 24 hours, with Calif ornia Petroleum raising Los Angeles basin production toward 1923 peaks.
Chicago market notes show 19 000 hogs received with prices 15 to 26 cents higher than Thursday led by big packers. Cattle receipts 2 000 with steady to higher bids on a slow day. Sheep receipts 10 000 with fat lambs active and natives steady, yearlings scarce and ewes few.
Omaha reports 10 500 hogs active 25 to 36 cents higher with top 12 20 and bulk 11 75 to 12 15. Cattle receipts 600 steady to firm with weighty steers around 10 60 and veal tops near 8 50 to 9 50. Sheep receipts 4 200 lambs open steady then 15 to 25 cents higher.
Cattle and hog receipts across St Paul Portland Spokane Denver Los Angeles report steady or firmer prices. Steers ranged near 9.85 to 10.20 per cwt with yearlings around 9.25 to 9.75. Calves about 7.50, hogs 11.85 to 12.00, lambs 14.25 to 14.75, ewes 4.50 to 6.50, Idaho lambs noted in several lots.
Sioux City Iowa June 12 cattle receipts 600 market active killers strong stockers steady fat steers and yearlings prices range bulk 9.50 to 10.50 fat cows and heifers 5.50 to 10.75 canners 2.50 to 4 grass cows 3.50 to 5.50 veals 5 to 10 feeders 5.50 to 6.50 stockers 5 to 7.25 stock yearlings and calves 5 to 7.25 feeding cows and heifers 3.25 to 5.50
The Commercial Bulletin notes a broader, firmer market this week in the country and at seaboard points. Prices run near 50 cents for better bright wools. seaboard values trail country by a few cents, with grease prices up 2–3 cents. Mohair holds steady amid moderate buying, and mills show varied activity across regions.
BAR SILVER IN NEW YORK AT 68 1/2 CENTS. MEXICAN DOLLARS AT 52 1/2 CENTS. LONDON QUOTES SILVER AT 31 44 PENCE PER OUNCE. MONEY MARKET AT 3 PERCENT. COPPER QUOTE GIVEN FOR NEW YORK MARKET.
The market shows steady or unchanged readings with spot and futures mixed. Tin and iron futures hold around 55.12 cents and 18 percent, while lead and zinc show varied quotes from St. Louis and other locales. Antimony edges at 16.75 cents with other base metals stable.
The Associated Press reports New York money market steady with call money at 3 percent, closing bid 3 percent, last loan 3 percent, call loans against acceptances 344, time loans 3 percent, mixed collateral 60 to 90 days at 3 percent, four to six months 34 percent, and prime commercial paper at 3 to 4 percent.
New York notes steady foreign exchange quotations with Britain at 4.857 16, cables 4.85 60 day bills on banks 4.817 16, France 4.84, Italy 3.95, Belgium 4.74, Germany 23.81.
London reports copper tin and zinc prices with spot and futures in pounds. Copper spot £59 12s 6d futures £66 12s 6d electrolytic spot £63 futures £63 10s. Tin spot £1251 7s 6d futures £252 10s zinc spot £33 17s 6d futures £33 7s 6d.
Denver June 12 W D Lippett vice president of Great Western Sugar announces a Colorado plant to produce sugar from discard molasses. Located between Johnstown and Milliken the plant will handle discard molasses from all Colorado refineries and Weld county beet crops. It will refine molasses into sugar increasing its value.
Kingston cattle market, held for over 560 years in the public square by the town hall, has moved to the edge of the area due to a sharp rise in motor traffic through the streets.
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