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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Aug 18, 1923
Page
10
Market notes from Chicago report bearish pressure as Canadian wheat nears U S import basis. Liquidations outpace absorption with Sept at 95 99 cents and Dec at 1.03 1.04 dollars. Corn gains while oats fall. other provisions shift.
Good buying power returned to the New York market as prices climbed for the fourth day. Despite lighter activity, gains were led by Corn Products and several industrials like Federal Mining and Smelting, Fisher Body, Nash Motors, Dupont, and Woolworth. Oil shares and rails also recovered, while foreign exchanges weakened and call money held at 4 3 4 percent.
The stock market held recent gains with constructive price advances and rising outside inquiry. Favorable federal reserve weeklies improved sentiment, with oil and equipment shares showing upward moves. Zinc in East St. Louis posted 7.45 cents a pound. overall market tone steady. Foreign exchange in New York showed easy conditions with various country quotes noted.
Boston August 17 The Commercial Bulletin reports wool demand remains restricted and market favors buyers while attempts to buy good combing Merinos on the low side fail due to scarcity. Prices show little change from last week with slight North American buying and steady foreign markets. mohair remains quiet.
Bar silver and Mexican dollars quoted with prices in pence per ounce. Aug 17 figures show bar silver at 18 pence per ounce with 2% per cent adjustments.
Call money easier and high at 4 percent for both low and ruling rates with closing bid at 4 percent and offers at 5 percent. Last loan noted 4 percent. Call loans against acceptances at 4 1/2 percent. Time loans firm with 69 to 90 days at 5 percent and four to six months also at 5 percent. Prime commercial paper at 5.5 percent.
Copper weakly climbed to 14 14 percent cents for spot and nearby while futures hold at 14 14 percent. Tin remains steady at 39 25 for spot and 39 12 for futures. Iron remains unchanged. Lead holds firm around 6 50 to 6 75 cents. Zinc stays firm in East St Louis at 6 45 to 6 50 cents. Antimony quoted at 7 7 bc per unit.
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