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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Dec 02, 1926
Page
14
Chicago markets show a sharp advance led by corn with small deliveries and shrinking receipts. Wheat and oats rise while provisions hold firm as analysts note light selling and possible storage moves. Minneapolis reports diverse wheat cash quotes and steady flour, with flax close in Duluth at over $2.16 per bushel for December.
New York stock market shows renewed activity with oil shares leading gains as call money rate drops to 6 per cent. Public participation remains limited while a mix of news from Federal Reserve borrowings to steel capacity shapes cautious support. Key gains seen in Allied Chemical United States Steel and GM as dozens of issues hit fresh highs amid volatile commodities and foreign exchange moves.
Trading slow in Wisconsin sacked Round Whites at 2.25 to 2.50, Minnesota at 2.29 to 2.35. MPETTAIS Market reports copper quiet, tin down, iron steady, lead quiet, zinc easing. London metals quote copper at £56 spot, tin at £314 15s, zinc £33 2s 6d. poultry and potatoes noted in Chicago. foreign exchange and sugar futures mixed. cotton steady at 12.66 cents. bar silver at 53 cents.
New York traders saw a stronger market with rallies as covering activity spread across stocks led by U S Steel Baldwin and General Motors while Allied Chemical and the so called specialties group posted sharp gains. Colorado Southern and Lehigh Valley announced dividends with mixed overall strength amid caution on steel capacity and potential recession. In Chicago wheat and corn rose on demand and export sales, with hard wheat at a small premium to December, corn rising on short-covering and strong commercial buying, oats and rye also advancing with solid shipments and cash demand.
Chicago December 1 reports show hog receipts at 17 000 with prices mostly steady to lower. top hogs at 12.15 for 150 to 270 pounds, bulk 170 to 240pounds around 11.85 to 12.10. Pigs slow with several large lots bidless. sow prices 10.40 to 11.25. Cattle receipts total 12 000 with fed steers and yearlings moving up 25 cents, most up 13.25.
Weight sharing advance tops yearlings at 13.15 with several loads and light heifers up to 50 cents higher in spots. Fat cows and cutters steady to higher, stocker feeder trade slow, best yearling stockers around 8.25, bulk 6.50 to 7.50. Bulls and vealers strong, bulk vealers 11.50 to 12, outsiders 13 and better. Sheep receipts 16,000, fat lambs steady to between grades, heavy lambs weak, top killers 13.75, early bulk 13.25, medium weight fed clipped lambs around 41.50, culls 8.50–9. Sheen steady, bulk fat ewes 5 to 6.50, best feeding lambs around 12, hold best around 12.
South St Paul Minn December cattle receipts 3800 steers and yearlings slow dull bulk eligible around 6 50? 8. He stock largely 4 25 6 50 unchanged cutters 3 50 3 75 bulls strong some up to 6 heavy 5 59 stockers 5 25 6 50 calves receipts 4200 around 25c higher good lights 9 50 hogs receipts 24000 about steady bulk butchers lights 11 50 packing sows 10 10 50 pigs most 11 50 average cost Tuesday 11 36 weight 204 sheep receipts 8500 market opening slow about steady few sali ative lambs 12 50 12 75 bent feeding lambs above 13 fat ewes strong to 25e higher most 4 50 6 25 best fed westerns 6 55 doubles goins through.
Los Angeles cattle market notes receipts 490 calves and 275 to 300 pound calves. Moderately active trade with steady to firm tone. Bulk steers 8 to 8.25, bulk stockers 5.50 to 6.25, top 6.50, cutters around 2.50. Bulls 5 to 5.75. Calves 8.75 to 9.00 for 275 to 300 pounds.
SEATTLE December 1 cattle receipts 53 hogs receipts 1193 cattle and hogs steady with unchanged prices in early Seattle market trading reflected in the day’s rundown of livestock totals and price stability.
Spokane dispatch notes cattle receipts 214 hog receipts 534 steady. Market totals show little change across cattle and hogs with prices holding firm and no major shifts in demand or supply cited.
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