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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Sep 09, 1925
Page
10
Sharp advances in wheat futures led the day as reports of rain in Canada and strong European demand boosted prices. No. 2 red winter premium climbed, while corn weakened late as officials warned on crop damage. Oats and provisions traded lightly with firmer hogs.
On the New York Stock Exchange the call money rate climbed to about five percent, dampening prices as investors and bankers debated market limits. Gains were led by motor and food shares with Chrysler a standout, while California Packing Coca Cola and Sears edged higher. Foreign exchange was irregular with Norwegian kroner and Italian lira moving sharply as authorities signaled restrictive programs and new gold points.
Traders noted little postholiday action with the market confined to special sections. Call money rates rose unexpectedly, dampening bullish sentiment while grain futures rose on Canadian demand and Northwest buying. Corn weakened late after early strength, oats held steady, and farmers were reportedly slow to market, with weather seen as the key influence ahead.
Shipments show Saturday 885 Sunday 436 Monday 78 in Wisconsin bulk round whites and Minnesota sacked goods with sugar futures barely steady. New York call money 54 high 4 low 4 ruling 4 percent. Foreign exchange lists Italy 4.11 demand Belgium demand. Bar silver in New York 1 cent. Mexican dollars 65 versus London bar 431-160 per ounce. Copper quiet electrolytic futures 14 1/2. tin steady around 57,760 spot 57,620 futures. Lead spot 9.5 9.0. zinc 7.72 7.16. antimony 17.25 17.50. London copper spot 62 1/2 to 64 futures £63 78. Electrolytic £68 9 futures. Tin spot 256 64 futures £21 1s 6d. Lead spot £86 28 64 futures £36 since spot 36 17 6d.
Chicago and Portland cattle and hog markets show receipts varying from 7,000 to 32,000 head with mixed to higher prices. Hogs lead gains in Chicago and Omaha style markets, while cattle and sheep see firmness in fed steers, grass cattle, and fat lambs with notable price ranges and top figures. Early West Coast receipts reflect similar steady to higher tones with variable feeder and packer activity.
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