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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Aug 27, 1926
Page
12
Chicago and Minneapolis grain desks report a broad downtrend as spring wheat movement from Canada fuels hedging and free selling. Prices slip for wheat and oats while provisions rise. cash bids show mixed quality grades with No 2 red at 1.27 and No 1 hard at 1.38 to 1.39 per bushel.
The New York Stock Exchange saw a halt in the recent selling surge as traders covered shorts and bought a broad set of stocks. United States Steel led gains on Ohio pig iron demand, while automotive issues fluctuated. Bullish moves appeared in several spec equities, though some rail and accessory stocks declined amid cautious participation and steady money rates.
Reports from New York and Chicago describe a broad market rally despite mixed signals. Radio and Texas Sulphur led gains while wheat futures weakened after Argentine and Winnipeg crops outlooks. cattle and hog prices showed firm to higher tones at Omaha and Chicago, with active feeder and slaughter markets and steady to higher fat lambs.
Agricultural market notes from Minneapolis and other cities report cattle and hog receipts, price ranges, and trends. Beef and veal led gains in some regions, with steady to slow bidding on other classes. Auction activity varied by district as buyers assessed weights and quality.
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