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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Sep 25, 1925
Page
10
In Chicago trading a broad grain price drop drove prices to new seasonal lows for wheat rye corn and oats. Wheat fell 6 cents a bushel with declines across corn and oats. European crop hopes and a Wichita market scare contributed to the slide before late rallies trimmed losses. Futures show mixed signals as traders weigh North American supplies against European demand.
New York stock prices faltered across sectors with mixed losses and brief rallies. Major groups including rail, tobacco, and consumer goods tumbled while select corporations showed brief recoveries before reversing. Foreign exchange and par silver markets also reflected narrowing, irregular movements amid volatility.
Hogs show active trading with 140 to 225 pound animals around 13.00 to 13.80 and top near 13.38 at Chicago. St. Paul and Denver receipts moderate with mixed to higher bids for hogs, cattle, and calves. Omaha reports active hog receipts with gains seen in light to heavy weights and top around 13.25 to 13.40, while feeders and cows move modestly.
Sharp declines in industrial leaders featured the day’s dealings with the recently favored specialties down 1 to 7 percentage points. Market sentiment anticipated the present rate of 3 percent to remain, while heavy distribution and disappointing barometers like car loadings and oil figures hint at further liquidation. Grain markets saw heavy selling in wheat with prices hitting a new low amid bearish sentiment and uncertain foreign demand, while oats trailed and later recovered slightly.
In New York on September 24, refined sugar shows no price changes but activity dips. Quotes range from 6.30 to 5.45 for fine granulated sugar with futures easing. futures end around 2.34 for January and 2.28 March with other months at 2.30 to 2.49.
Market digest shows cattle and hog receipts with mixed tones in Spokane Portland and Los Angeles. Prices for fed steers and calves vary with thin activity noted in stockers and feeders. Lamb and sheep markets hold steady with fat lambs reaching around 14 dollars in the West Coast centers.
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