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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Mar 27, 1925
Page
10
Markets note heavy selling in wheat tied to rain in Kansas and light export demand. May and July futures fall, corn and oats weaken, profits from previous buying cited. Rain needed in Southwest may lift grain values, while shipments and provision markets show mixed signals.
The New York Federal Reserve denial of rumors about a rate hike failed to stabilize stocks. Baldwin hit a new low at 111 3/4 while U S Steel and American Can fluctuated, General Electric dipped then recovered, and Wabash moves dominated speculative railroad action amid month end money shifts.
Market session shows renewed unease over money conditions with call money up to 4 percent and debate on local medicaunt rate. Wabash A dividends spurred a rally halt, Interboro and Dry Goods gain, Motors firm with Maxwell and Chandler rising. American Smelting earnings suggest higher net with new mill at Tajo and zinc discovery potential. outlook uncertain amid weather and grain demand in western markets.
Desirable heifers listed at $8.40 and $8.15 with choles dealers at $11. sheep receipts small as early sales lag. market tone mixed with fat cattle lower. New York money firmer with copper and metals futures quoted. bar silver at 67 cents and Mexican dollars at 51 cents.
The annual meeting of The East Butte Copper Mill stockholders is set for April 6, 1925 at 10 am. Location is the Akers Incorporating Trust Company office in Phoenix Arts. Directors will be elected and other business may be transacted. Secretary AM P. Everts signs from Boston, March 10, 1925.
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