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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Aug 12, 1926
Page
12
Chicago markets show wheat prices slumping amid a larger government estimate of domestic production. Fall in corn and oats prices accompanied by sharp activity as traders react to British and Canadian export data. Minnesota Minneapolis cash bids and Duluth flax futures noted, with sugar and potato markets steady in New York and Chicago.
An Associated Press report from New York details a sharp downward revision in stock prices on the NYSE Aug 11. Early gains faded as selling intensified, with General Motors rising modestly while United States Steel tumbled. Wheat futures fell sharply amid poor crop outlook and ongoing market uncertainty.
Aug 11 market notes from South St Paul and New York depict slow cattle and lamb demand with receipts around 16 000 head. Fat cattle and yearlings steady to weak while stockers and feeders vary. lambs top at 12 50 with feeders around 5 75. In New York despite firmer buying power gains, overall market still cautious with Tuesday’s losses pared but not erased.
Chicago hog and cattle receipts show demand firm with mixed prices led by large 180 to 200 pound hogs bringing around top values near 18.43. Trade in fat cattle steady to higher with feeder weights easing toward 10.65 to 12.26 for yearlings and bullocks. Sheep receipts at Chicago about 17,000 with price ranges unclear. Spokane reports cattle 116 with hogs and sheep absent and copper market noted in metals section.
A digest of market quotes shows spot and futures for various metals with minor changes. A Newark report details a chained eight year old boy Rossetti freed after neighbors alerted police, with his chain described as three and a half feet long. Washington notes a mistrial and adjustments to alcohol denaturing formula while Sydney reports Alan Cobham arriving in Nova Scotia during a London to Melbourne flight.
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