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Newspaper
Helena Independent
Location
Helena, Montana, United States of America
Date
Mar 06, 1925
Page
2
From New York to London reports show irregular recovery in prices after bear attempts to unsettle listings. American Can and American Locomotive among leaders as markets digest dividend news, crude output shifts, and rate moves with money and foreign exchange steady.
United States crude oil daily average fell by 2 850 barrels for the week to February 28 per the American Petroleum Institute with state gains led by California Oklahoma and Texas. At Chicago the Department of Agriculture reported hogs strong while cattle and lamb markets showed mixed movements. Denver saw a top price of 13 76 per hundredweight for choice 870 pound cattle, the highest on record since 1920.
New York March 1 Directors of the American Telephone and Telegraph company will seek stockholders approval for a 500 million pound capitalization increase at the annual meeting March 41. Chairman Ai. B. Thayer says the move aims at sustaining growth and preserving the company's claim as the largest in the nation. Competitors General Motors and U S Steel show smaller outstanding capital despite larger totals. The report notes 1924 earnings of 107.64 million dollars, up 12.25 million from 1923.
Cattle receipts 2200 with moderate activity and steady to strong on killing classes. fat stock and bologna bulls higher. stockers slow. Calves receipts 1800 steady with top sorts 10.75 to 11. hogs mixed with bids around 12.83 per 100 pounds. sheep fat lambs steady. 16,000 total receipts with varied prices across cattle, calves, hogs, and sheep.
Minneapolis reports grain prices across wheat corn and flax with various grades and futures quotes. Washington notes the treasury plans a March 16 issue of 9 million treasury certificates and four percent bonds. Sacramento coverage mentions the assembly committee backing a $20 million veterans welfare bond measure for farmers and related housing efforts.
Montana State College extension service distributes a free bulletin summarizing world agricultural conditions. Wheat in 1925 may not match 1924, but Montana wheat quality supports similar acreage. flax prices stay high with slight acreage expansion. corn constrained by feed stocks. oats limited to farm use and milling needs. slow high oats prices. sheep and wool favorable. beef cattle horse and mule markets show slow steady improvement. rye and poultry outlook remains uncertain.
Chicago March 5 wheat edged up amid export business reported at 1,909,009 bushels and dry weather in the west and southwest. May wheat rose to 1.432? and July showed extra strength on rallies while corn and oats followed wheat trends. Provisions advanced but hog values slowed, with Liverpool steadiness easing fears of a sharp drop.
Two sheriff sale notices list the Saint Paul Trust Company as executor and multiple heirs for land in Lewis and Clark county to be sold March 28 1925 at the county courthouse Helena. Property includes south half of southeast quarter and other portions across sections 5 3 8 9 10 all in township 20 north range 4 west with appurtenances water rights and reservoirs. Also Denver Joint Stock Land Bank sues Charles and Leona Casper for sale March 30 1925 at Helena courthouse describing sections 19 20 township 12 north range 5 west totaling about 640 acres with water rights.
The report notes early trading activity in Chicago markets with receipts and shipments. Wisconsin white potatoes sack prices range around $1.00 to $1.23 per cwt while Idaho russets fetch about $2.30 per cwt amid price shifts.
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