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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Dec 07, 1927
Page
14
Weather shifts the market with gains for corn and other grains as export demand grows. Reports cite a smaller European corn crop, strong Gulf export activity, and ongoing harvest delays from a coming storm, while U S wheat oats and rye move on yield and demand signals.
Stock market shows irregular gains with many stocks advancing 1 to 12 points while some declines occur. Coolidge messages meet expectations but trigger selling on profit taking. money rates ease, and a 1 million dollar gold shipment to Britain boosts sterling.
Poultry receipts for the period show 8 cars of fowls with prices 17 to 23 cents, springs at 19 24 4 cents, turkeys 24 to 30 cents, roosters 1 23 cents, geese 20 cents, eggs unchanged with 5 460 cases received.
No changes in refined sugar prices with fine granulated at 5.60 to 5.80 cents. One refiner accepts orders at 5.50 cents. Demand is light, hand to mouth. Futures end steady with December 2.78, March 2.83, May 2.91, July 2.98, September 3.07 cents. estimated 70,000 tons traded.
Potatoes receipts total 78 cars on track with 433 cars shipped nationwide. Demand and movement are slow and sales few. Wisconsin Round Whites bring 1.50 to 1.60, Minnesota North Dakota Round Whites and Red River Ohios 1.30 to 1.40, Idaho Russell No. 1 1.50 to 1.65, partly graded 1.25 to 1.45.
Department of Agriculture market notes show hog receipts about 50 000 with steady to 10c lower quotes. Cattle receipts 12 000 with most killing classes steady and stockers firm. Sheep receipts 15 000 with very slow sales and weak bids on plainer lambs and heavy carcasses.
Hog receipts reach 9000 with offerings mostly steady to lower. top butcher hogs at 8.50, 160 to 210 pound and 210 to 300 pound ranges noted. Cattle receipts 1000, steady to weak for fed steers. beef cows 9.50 to 10.50. stockers and feeders active. yearling prices around 12 to 14. heavy weight steers up to 15.50. sheep receipts 10000 with lambs steady to strong. wool lambs 13.15 to 13.40, top 13.60.
U S Department of Agriculture reports cattle receipts in Sioux City and South St Paul with steady to higher prices for fed steers and cows. Denver totals show mixed cattle, hogs strong at top $9.25 to $11.75 depending on weight. fat lambs around $13.10 with feeder prospects weaker. Call money steady in New York as markets weigh cattle, hogs and sheep futures.
PORTLAND December 6 cattle receipts none calves none market quotably steady few medium cows and heifers six to seven dollars low cutters three to four fifty few bulls five to five seventy five hogs receipts one hundred thirty steady trucked in light-weight butchers nine forty down sheep none no trading
Cattle receipts in Spokane reach 38 with hogs 386 and sheep 413 as market holds steady. In Kansas City, hogs 12,000 received with prices easing to 10 cents lower than Monday. packers paying 8.50 on 225-260 lb hogs and 8.30 to 8.50 on 140-180 lb pigs, sows 6.50-7.50, stock pigs 8.00-8.50. Cattle in KC 12,000 receipts, calves 2,000. beef steers weak, bids lower. stockers and bulls steady. veal impacted by softer demand.
Seattle market notes cattle receipts 2 irregular with ranges for steers heifers cows and calves. Hog receipts 920 with prices down 30 cents for prime lights and heavies. Sheep steady with receipts 1,219 and prices unchanged.
The market opened unsettled after the president's message to Congress and firmed as call money fell to 4 percent. Strong spots included Mack Truck and Goodrich as investors weighed retirement of preferred shares and favorable earnings outlook against recent distribution and money market softness.
Market notes show wheat rally wavering under free selling with Canada pool activity steady and cash prices strong in the southwest. Export demand quiet while Argentina influences remain cautious. corn faces movement ahead of new crop with potential output pressure easing. oats demand mellow with December gains and a long-position bias due to prior sales.
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