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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jun 17, 1925
Page
10
Chicago wheat prices drop 3 to 4.5 cents amid bear reports on Canada and Europe crop conditions. July and September futures slide to about 1.49 dollars the bushel as offerings overwhelm buyers while Kansas threshing results weigh on sentiment.
Stock prices drifted higher led by railroad shares as professional traders aided by easy credit pushed trading near one million shares. Freight traffic records boosted rails and utilities, with Moon Motors and Independent Oil and Gas among notable gainers. Foreign exchange saw Italian lira slide to a yearly low while sterling edged up and Belgian francs weakened.
Chicago June 16 Potatoes receipts new 74 old 19 cars total US shipments new 483 old 146 trading old stock slow market weak Wisconsin Michigan sacked round whites priced 1.25 to 1.25 per sack new stock slow.
New York June 16 refined sugar prices held at 5.55 to 5.70 for fine granulated with steady futures. Demand remains strong as withdrawals continue. Futures closed easy with approximate sales: 91,000. July 2.70 cents, September and December 2.92 cents, January reported.
Flour prices edged lower with a quoted range around 8.60 to 8.65 per unit while bran stood at 36 dollars. The brief market update documents gentle shifts in staple commodity costs.
Market notes show averages higher with steels led by big corporations and northwestern rails in demand. Wheat prospects improve for the northwestern region, while oil shares pause after recent gains as speculation shifts. Corn and oats hold with supportive rains. rye weakens with sparse trade and favorable foreign crop outlooks.
Livestock prices in Omaha show higher butchers and lights by up to 10c with strong demand for top grades. Cattle receipts total 5200 with steady to strong tone for good fed steers and yearlings, while sheep receipts reach 9000 with generally steady trade and lamb bulk around 15.25.
Chicago market notes receipts of 22 000 cattle and 8 000 sheep with active demand for desirable grades and firmness in prices. Cattle trade slower with best heavies around 11 dollars and calves and yearlings holding around 9 to 11 50, while sheep see bulk ewes at 5 to 6 25 and lambs 15 50 to 16 individual highs reach 16 50.
ST PAUL Minnesota June 16 cattle receipts 1500 moderate activity steady with light supply of fed steers and yearlings top steers around 10 dollars averaging 1080 pounds top yearlings 10 dollars average 850 pounds bulk fed cattle 9.10 dollars fat stock firm calves receipts 3500 steady to 25 cents higher largely 7.50 top 7.75 and above hog receipts 9000 slow mostly 10 cents higher early bulk desirable hogs 12.25 12.35 top 12.35 packing sows largely 10.75 11.25 feeder pigs scarce 12.25 average cost Monday 12.01 weight 238 sheep receipts 100 fat lambs 25 cents higher steady fat native lambs mostly 15 dollars yearlings 12 12.50 cr vd weight owes 6 heavies down to 3
Sioux City Iowa June 16 cattle receipts numbered about 2 000 with strong demand for fat steers and yearlings. Price ranges include fat cows and heifers 5.50 to 10.50 with bulk 7.50 to 9.50, grass cattle 3.50 to 6, bulls 3.50 to 8, feeders 5.50 to 7, stockers 4.50 to 7.50.
Cattle receipts 200 with good weight cows at 6.75 and bulk 5 to 6.25. Calves 500 mostly steady 110 to 240 pound milk calves 9 to 11. Hogs 900 receipts up to 14.25 for 160 to 214 pound butchers. Sheep 1,500 steady bid around 13.50 for lambs. none sold early.
Portland reports cattle and calves 50c to $1 lower after quiet Monday. Calves 190 lb range down to 7 to 9. Cull and common 190 lb down to 4 to 7. Hogs steady with 2,060 direct receipts. Sheep and lambs mostly lower, with light and handyweight lambs $9.50 to $11.25 and heavy lambs over 92 lb at $8 to $9.50.
Spokane market report shows cattle receipts at 203 with steady prices. Prime steers bring 8.88 to 8.50, cows and heifers 7.00 to 7.50, canners 2.75 to 3.75. hogs at 12.65 to 13 for good to choice, sows 9.65 to 10, fat pigs 10.65 to 11.50. sheep 208 receipts, market steady.
Denver livestock report shows hog receipts at 3100 with gains of 10 to 15 cents. Early top bids reached 12.50 per cwt for eight loads averaging 205 to 273 pounds. Additional loads quoted at 12.25 to 12.40, one bid at 12.25.
Receipts include cattle 800 calves 200 and 1 400 southern stockers not counted. Feeder cattle show better grades and yearlings up to 11 25 per cwt with prime Nebraska mix yearlings at 11 25. Pigs and sows steady to strong with mixed fat pigs at 10 50 to 11 and stockers 10 50. Sheep receipts 450 steady with Idaho lambs at 14 65 and others 11 to 14 65 per cwt.
New York copper holds 13 percent gains while tin remains steady near 56.37 cents spot. Iron and antimony hold, zinc softens east of St. Louis, and lead trades around 8.25 to 8.40 cents. London copper climbs to £60 128 6d spot with electrolytic futures near £63 158. Lead London futures around £32 17s 6d. Zinc London spot near £34 6d with futures around £33 12s 6d.
The Associated Press reports New York banking rates on June 16 showing call money steady at 3 percent across ruling, closing bid, and last loan, with offers at 4 percent. Time loans remain steady with 60-90 day collateral at 3 percent and 4-6 month at 3 percent. prime commercial paper also at 3 percent.
Foreign exchanges were irregular in New York on June 16. Quotations show Great Britain at 4.85 percent demand and 4.86 percent cables, 60 day bills on banks at 34.81 percent. France at 4.75 percent demand and 4.76 percent cables. Italy at 3.81 percent demand and 3.82 percent cables. Belgium at 4.70 percent demand.
Bar silver in New York quoted at 69 1 2 cents per ounce. Mexican dollars at 53 1 2 cents. In London bar silver listed at 31 pence per ounce and money at 3 percent.
Jean Schaemli arrived in Paris with 31 trained monkeys intended for exhibits across France. He was arrested for unsettled debts left in Africa and faced a possible solution by surrendering his animals to the Pasteur Institute.
Berlin reports Germany expects a record harvest this year with forecasts in Prussia and across the nation matching the optimism of 1913. Experts say crop prospects in 1925 are among the best in decades. Finland lumber firms have joined to ship products here.
The Allies press to depose General Hans Von Seeckt from command of Germany’s 100000-strong army as a condition for Berlin to sign an agreement allowing Allied troops to withdraw from the Rhine region.
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