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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Dec 09, 1927
Page
14
Active selling driven by December crop estimates pushes down corn and related grains. Wheat oats and provisions drift lower while cash quotes show mixed declines across No 2 hard and No 4 grades. Call money remains steady with short term rates around 4 percent.
Chicago dispatch reports USDA data: potatoes receipts 77 cars on track with 244 total shipments. poultry alive steady with five car receipts and varied prices for fowls springs turkeys roosters ducks and geese. eggs higher with 3 386 cases received and prices for firsts and store eggs listed.
AP reports steady foreign exchanges in New York with demand and cable rates for Great Britain France Italy Belgium and Germany. Minneapolis grain notes on flour shipments at 26,036 barrels and bran at 29.75 to 30.
A steady selloff on the New York Stock Exchange pushed many leading stocks down one to seven points as traders, split between bears and bulls, liquidated weakened accounts. Cotton, grains, and industrials showed mixed moves with notable declines in U S Steel and General Motors while Southern Railway hit a fresh high on dividend news.
Chicago and other western markets show hog receipts around 49 000 with higher cash bids for 160 to 240 pound hogs and top around 8.85 to 9.00 for choicest 240 pound lots. Cattle receipts near 10 000 with steers and fat cows firm to 15 cents higher, sows steady to higher, range mostly 12 to 14 dollars for fed steers and lower for cows. Sheep receipts about 13 000 with slow sales and lambs steady to firm at roughly 14.25. Significant activity also reported in Omaha Denver St Paul Seattle and Portland with varied gains and top bids around 9.30 for larger hog loads and beef weights around 12 to 14 dollars for fed cattle.
Chicago data show a soft wheat market with private predictions of reduced spring and winter yields, slow trade, and notable long liquidation. Manitoba wheat premiums improve slightly while Canadian and Argentine activity remains firm. corn projections fall short of government estimates, with three cent premium to Argentine corn and continued foreign demand. Bar silver at 58 1/4 cents. butter prices rise in Chicago with varied creamery grades.
Montana bond lit New York reports closing quotations on bonds at the New York Stock Exchange and metal market figures. Electrolytic copper futures 14.12 14.25c. tin $58.62 spot and $58.50 February. iron steady. lead 6.50c spot. zinc 5.82 5.85c. antimony 11.25 11.37c. gold and other listed issues shown with various prices and arrows.
In New York on December 8, stocks showed liberal supply and reactionary movement. U.S. Steel and General Motors faced broad selling with heavy liquidation, while Greene-Cananea led copper despite general inactivity in other issues. Carloadings influenced trends as freight revenue declined versus last week and a year ago, with Southern Railway showing strength on its 8 dollar dividend basis and Houston Oil soft.
London market report lists copper spot at £60 10s and futures £60 12s electrolytic copper spot £66 10s futures £67 0s. Tin spot £270 12s 6d futures £264 17s 6d. Lead spot £22 futures £22 5s. Zinc spot £26 7s 6d futures £26 28s 6d.
A report to the French Academy notes Anatole France’s brain weighed 1.037 grams, below the 1.300 gram human average, questioning size as a determinant of intellect while highlighting unusual brain convolutions. Causes cited include age at death and possible embalming effects. comparisons are made with Lord Byron and Schubert.
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