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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Dec 13, 1922
Page
12
Chicago reports show wheat prices at new season highs as cold, limited snow protection lift values. May and July contracts rise while corn and oats trade mixed. Argentine price weakness tempers enthusiasm. Foreign exchange rates list varied, with multiple European and South American currencies noted.
The Associated Press reports a continued surge in sterling exchange with demand bills near 4.63 dollars, a 4 cent overnight rise and a new high since 1919, driving potential tariff impacts and shifting market tone. Major rail issues, copper shares, and select Pacific and Pere Marquette listings posted modest gains amid cautious professional trading.
The market showed a mixed start with profit taking in some sectors. A pickup in demand in the afternoon followed reports of possible steps toward stabilizing European conditions, lifting sentiment and sparking interest on the buying side. Copper shipments for November totaled 155 million pounds, with Butte Copper and Zinc advancing on news of a new ore body and strong demand from Anaconda and American Brass. European electrolytic copper gained strength as sterling edged higher, with London prices around 14.14 cents per pound and futures at 14.21 cents.
Call money eased to 4 percent high while low 3 percent, ruling rate 4 percent, closing bid 3 percent, offered 4 percent. Last loan 3 percent, call loans against acceptances 3 percent. Time loans steady with mixed collateral 60 90 days 4 5 percent, four six months 4 5 percent. Prime commercial paper 4 percent.
New York and Chicago market notes show butter prices mostly steady to firm with various grades quoted. Eggs rise in New York and Chicago with received cases tallied and a range of firsts and extras listed across departments.
Foreign bar silver trades at 64½ cents in New York with Mexican dollars at 49½ cents. London quotes bar silver at 17 dollars 16 pence per ounce.
Hogs receipts 57 000 with prices 100 to 20 cents under Monday. ranges 150 to 170 pounds 8 35, 200 to 276 pounds 8 25 to 8 30, top 8 45. packing sows 7 60 to 8. killing pigs 8 10 to 8 35. Cattle receipts 15 000, native beef steers 8 50 to 10 25, many 10 75 to 12 75. veal calves 9 25 to 9 75, up to 10 for some. stockers 5 25 to 6 25. Sheep receipts 15 000, lambs about steady 15 50 to packers, ewes and wethers with varied values, general softness in fat stock.
OMALTA OMAHA Dec 12 Hogs receipts 11000 mostly 10e to be lower closing active bulk mixed and packing grades 7.10 7.85 bulk butcher hogs 7.90 8.15 top 8.20 Cattle receipts 8000 beef steers steady to lower best corn feds 9.65 yearlings 11 veals top to packers 4 5.50 bulk cows and heifers 4 5.50 stockers and feeders 5.75 6.75 Sheep receipts 12000 lambs and yearlings firm bulk lambs 14.50 14.85 top 14.85 red clipped lambs 12.85 yearlings 11.75 12.10
Denver cattle and hogs show mixed moves with steady to higher bids. Kansas City cattle receipts around 18 000 with prime cows and heavy steers firm or up, hogs easing slightly but tops near 8.25, sheep and lambs strengthening, Colorado feeding lambs around 14 dollars.
Port land reports nominally steady cattle and sheep with no receipts and hogs steady to firm. Spokane sees steadier cattle with higher steers and varied hog prices. South St Paul notes steady cattle, weaker packing hogs, and lambs and sheep holding earlier values.
The text notes West States 9 and L 23 Weowna Refining and mentions Bush fires in the Congo. It states fires are rare there but natives keep a night fire to deter prowling animals.
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