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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Sep 22, 1925
Page
10
Chicago and Minneapolis market notes show an unofficial wheat yield estimate lifting prices with December and May futures rising while corn slips. Oats gain and hogs and barley move higher. shifts in world shipments and French crop losses loom large with a general uptick in commodity quotes and currency rates.
Sept 21 heavy loan calls lifted call money rates from 4 percent to a higher level, reflecting a $15,000,000 deficit reserve correction. Net declines spanned one to five points with rails showing strength, while some securities hit a record high before easing. Foreign exchange moved only modestly in response.
Market reports from Chicago, South St. Paul, Omaha, Denver, Spokane, Los Angeles and Portland show hogs mostly steady to slightly higher with top loads around 13.30 to 13.50, cattle receipts strong with feeders active and steers steady to higher, and sheep markets slow but prices holding. Key figures include Chicago hogs 130 to 136 dollars, Omaha hogs 12.70 to 12.90, Spokane lambs around 11 to 12, and Portland calves near 9 to 10 dollars per head.
Mixed movements ruled trading with heavy offerings in motors and steel. rails under pressure while Kansas City Southern signals possible trends from August report. In grains, wheat showed strength near the close, corn saw a seasonal low with October futures, and overall interest remained cautious amid weather concerns and scarce speculative demand.
Market brief notes from New York London Sept 21 show bar silver at 720 and 162 206 in various currencies. Mexican dollars listed 65% and futures quotes for tin lead and other metals given with spot and futures figures across the London market.
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