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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Aug 28, 1923
Page
10
Wheat prices held steady with slight gains only at final quotes, December at 1.07 and May at 1.12, while corn dipped modestly and oats eased. Market activity remained lackluster with limited buying despite higher Liverpool and Winnipes quotes and a general quiet cash market amid ample offerings and a large hog movement.
New York stock prices showed a firm tone in a listless session led by sugar shares as higher raw and refined sugar fueled gains in American Sugar, American Beet, Punta Alegre and related names. National Lead advanced as did Baldwin and several other industrials while rail shares were mixed. Call money opened at 5 percent and moved to 5 1/2 percent amid a quiet money market and steady foreign exchange rates.
Weekend reviews show constructive sentiment as fall trade revival appears tangible. Stocks firm on cheerful overseas and rail earnings, with copper and steel sectors hinting at improved forward business. copper demand grows with European buyers eyeing shipments from Butte and Superior ores.
The Associated Press reports Chicago hogs, cattle, and sheep with varied demand and price ranges. Hogs steady to down slightly. cattle mostly steady to lower on lower grades. sheep mixed with fat lambs fluctuating. Omaha results show hogs slow but steady, cattle firm on best grades, sheep steady to slightly lower on lambs and ewes.
For the week ending August 18 production stood at 29 cars of copper ore and 21 cars of zinc concentrates, compared with 21 cars of copper ore and 18 cars of zinc concentrates the prior week.
Denver and other western markets show mixed cattle and sheep results with higher hogs and steady calves. Heavy lambs and feeder stock edge down or hold, while prime beef and mutton demand remains active in several centers, including Portland and Spokane with varying receipts and top prices.
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