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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Sep 24, 1925
Page
12
Rapid descent in wheat values driven by increased Northwest selling. Corn and oats follow, with Chicago Wheat futures easing on hedging pressure amid weak export demand. Reports cited rains improving crops in Australia and India, and Russian offers reportedly withdrawn.
Trading showed varying success with rail shares strongest while other groups fluctuated. Cotton prices fell sharply after the government crop report, and oil stocks led modest gains as bulls reemerged. Call money eased with lower renewal rates and new loans at 4 percent as foreign exchanges stayed quiet.
The day’s buying was less aggressive with minor strength. money softened to percent and oil rallied late. News mixed as steel and grain markets slipped, with reduced demand signaling a need to digest prior gains. Russian wheat offers were withdrawn but plentiful. corn and oats hit new lows as drought and supply concerns weighed on sentiment.
Livestock market notes from Chicago Omaha and Los Angeles show hogs, cattle, and sheep receipts and prices. Hogs mainly 12.75 to 13.10 with top around 13.20. cattle steady to weak with feeders and yearlings soft. sheep slow with fat lambs weak while light feeding lambs hold around 16.85. Prices vary by weight and class across locations.
Associated press reports call money rates and mercantile paper with varying bids and loans. Foreign exchange steady with cent values for Britain France Italy Belgium and Mexico under the New York section, and London metals price quotes for copper tin lead zinc and antimony with spot and futures readings.
Sioux City market receipts show 4 600 cattle with slow demand and weak prices for fat cattle and stockers while fat cows and calves hold. Sheep receipts 3 000 with lambs steady but natives weaker. breeding ewes rise to 10.50. Tokyo scientists at Keio University report shell mound finds suggesting an ancient primitive tribe near Yokohama with bones earthenware and shell ornaments.
Mrs Zachary Lansdowne, wife of Shenandoah commander, and other family members, urge that the disaster be probed by an agency other than the navy department. The widow's photo here was taken before her husband died.
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