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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
May 27, 1925
Page
10
Wheat futures edge up after a two percent daily gain as reports from the North and Southwest spark rally. Prices for May and June show firmer levels while corn and oats slip or vary modestly amid frost and weather expectations.
Trading in New York stock exchanges edged lower in volume yet held a firm undertone. Gains favored motor, oil, chemical and merchandising issues as gasoline price news and a steady dividend supported bullish sentiment. oil shares led by Independent Oil and Gas and Pan-American, while cotton fell on bearish crop estimates and wheat rose on weather reports.
By Lausier Wolcott & Co. stock markets rallied despite a modest Mon day settling. Gains came from dividend news on Northwestern, gasoline price advances, and wheat strength in Winnipeg. Allied Chemical and Westinghouse led gains. risks remained from steel selling and Tory shifts in oil and gas.
West to Midwest livestock markets report cattle receipts and varying bids. Chicago and Sioux City show steady to slower demand with heavy weights in the 10 to 12 dollar range, hogs around 11 dollars, and sheep movements modest. Denver and Spokane reveal mixed trends in hogs and cattle with steady to uneven prices. Sugar futures edge lower as supply and demand balance.
United States shipments show a strong market with price advances. Wisconsin and Michigan report round sacked goods at 3001.40 and bulk 41-2506. Minnesota notes new stock trading while Alabama and Louisiana report quality lines and higher market levels. Irish Cobblers and other barrels feature in the trade.
The note renders a mixed picture of dairy prices and receipts. It cites butter creamery and storage classifications from New York with varying grades and percentages, alongside Chicago butter trade figures and foreign exchange quotations from Associated Press wire updates.
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