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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Oct 29, 1925
Page
10
Markets, mining and financial news show heavy selling with bear pressure across grains. Wheat tumbles amid profit taking while corn and oats drift. futures in Minneapolis and Duluth reflect mixed signals as July and December contracts move, sugar, butter, eggs and money markets hold firm or ease marginally.
Rice futures and speculative buying pushed shares higher as dividend news boosted market sentiment. American Tobacco and Major firms saw favorable developments with dividends resumed and earnings boosted. Motors led gains with General Motors and Mack Trucks posting around record highs as investors cheered improved prospects.
The report notes improving tones in the steel industry with anticipated strong Q3 earnings and hints U S Steel may regain leadership. Grain markets show mixed results as wheat and corn trade, with foreigners slowing cash purchases and oats and rye edging lower. Copper and tin futures are steady, while iron remains firm and lead and zinc hold near current levels.
Across Chicago Saint Paul Sioux City and Omaha markets, hogs sold mostly 25 to 40 cents lower with 140 to 260 pound averages around 10.50 to 10.60, sows 9.00 to 9.60, and feeders up to 12. Sheep receipts steady with fat lambs and native ewes firm at 14.50 to 15.25 for the best, westerns around 15.25. Cattle receipts show mixed demand with steady to higher prices for fat steers and yearlings, cows and bulls firmer, calves and veal varied, feeding stock steady. Market notes include early top prices around 11.25 for erect lots and weekly averages near 10.60 for hogs, with regional variation across the listed markets.
Denver reports hog receipts at 700 with direct packers active and prices around 11.60 for top lots. cattle and calves show mixed demand with feeders steady to strong and cows and stockers varying. sheep receipts reach 20 500 with fat lambs higher to 16 250, Colorado stock noted at 14.19. Los Angeles and Spokane markets show variable cattle, hog, and sheep activity while Portland and New York report steady cattle, hogs, and currency rates, and a mail plane crash near Clairsville with minor injuries.
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