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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Aug 05, 1924
Page
10
Chicago market signals show wheat easing on 1924 yield estimates. Corn rose on tight supplies and crop reports while December futures gained modestly. Minneapolis grain and flour markets follow cereal trends as sugar prices edge lower.
New York stock market opened with United States Steel common at 110 setting a yearly high as the ninth straight week of gains continues. Heavy profit taking appeared at times while bullish sentiment grew on favorable trade reports and Dawes plan optimism.
United States Steel and allied industries show strength in early trading as pig iron sales in New York reach 25 000 tons last week, with Magna Copper and de Pasco Copper reporting significant production. Analysts note potential dividend cuts, while market commentary from Hornblower Weeks signals continued overall strength amid favorable crop and metal outputs.
Chicago and Omaha reports show hog receipts around 24 000 with bids steady to 75 cents higher for slaughter hogs and top prices about 10 10 to 10 40. cattle receipts near 20 000 with demand mixed, firm to lower in some lots, Montana grassers and fed steers mentioned, butchers and stockers showing strength in some grades. Denver and St Paul markets report varied hog gains and cattle tone, with top hogs near 9 85 and cattle at 10 60 to 11 10, while feeder and stocker activity remains uneven and price ranges broad.
Market notes from Spokane and Los Angeles show cattle and hog prices steady with varied weights. Cattle receipts in Spokane at 124 hogs 2,231 show steady cows and heifers. Los Angeles reports slow cattle sales and calve receipts around 450 with bids for grades ranging from common to prime.
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