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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
May 19, 1925
Page
11
Markets mining and financial news note maturity due, wax collections expected short of the amount required, yet the treasury remains fairly flush with a free balance in the general fund over $300,000. This strong position puts the secretary in a position to proceed with an early redemption of notes.
Chicago May 18 Wheat fell sharply after heavy shipments to Chicago from Minneapolis Kansas City Omaha and other centers. Visible supply in the U S decreased and May and July contracts closed lower amid warmer weather easing corn and oats markets. Futures ranged from 1 69 to 1 74 and February details showed mixed activity across grains with hogs and provisions aiding higher trade.
The Associated Press reports a continuing bull run on the New York Stock Exchange as easy money, rising commodity prices, and signs of trade expansion push many issues to year high marks. Nash Motors leads gains with a 31% rise to 281, while public utilities, oil shares, and rail stocks climb alongside other top names.
Strong advances led by industrials such as Mack Truck Famous Players and Dupont amid high volume in rails Frisco common hit new highs while other low priced issues rose in price In the call money market funds were ample New dividend talk at Dupont possible stock dividend rising returns Dupont stock moved on news of June 15 meeting Western Union reached new highs as consolidation plans fuelled optimism for rail earnings 1920 1924 revisions and a June 15 redemption plan also noted
Foreign exchanges steady with quotes in cents for Great Britain and Italy. Silver and tin prices move with London quotations, spot and futures traded. bar silver at London levels and electrolytic tin futures showing slight shifts.
Receipts total 6,600 cattle with fed steers and yearlings slow and uneven. Prices show slight gains in hogs with top around 12.36 and packing sows steady. cattle steadier late, veal and bulls mixed, and overall demand narrow as market shifts through mid May.
Spokane and Portland market notes show sheep and lamb prices with ranges for prime to common grades, feeders and hogs. Cattle receipts list heavy be, calves medium to choice around 8 to 11 dollars per hundredweight, with lambs and yearlings steady to higher, and cull categories noted. Specific figures include lambs around 12.76 and 8.25, hogs near 13.26, and calves in the 8 to 11 range, with regional listings for Spokane and Portland markets and dated May 18.
Sioux City Iowa May 15 reports strong cattle and fat cow demand while hogs and feeders show mixed activity. Potatoes listed with new and old prices. national potato shipments and regional price movements noted. Wisconsin and Michigan rounds show varied pricing, with overall market softness in some lines and steadier bulk sales in others.
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