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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Aug 11, 1926
Page
10
Wheat futures rose while corn and oats followed, as traders faced government crop figures that differed from private estimates. Cash quotes showed No. 2 red wheat around 1.38 to 1.40, with options and futures reflecting brisk trading ahead of official Washington data.
New York stocks fell sharply as professional traders pressured industrial issues. Major names like General Motors and Dupont dropped significantly amid reports of higher broker loans and unsettled foreign markets. Wheat and cotton rose, while call money climbed to highs, signaling renewed credit concerns.
New York report from Logan and Bryany notes a reactionary session with professionals active on leading market names. Steel and general indices declined, July steel tonnage rose over 123,800 tons, easing later with heavy offerings. Copper and other metals showed varied movement as traders weighed bank lending and export pressures amid a broader bullish view for autumn.
Agricultural notes from Chicago, St Paul, Omaha, and Spokane report varied cattle and hog prices with steady to uneven movement. Hog receipts show top values around 12.60 to 13.60 for different weight classes, while steers and vealers hold generally steady to higher, lambs weaker in some areas.
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