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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Dec 20, 1923
Page
12
The page shows a chaotic markets roundup with mixed price signals across commodities. Wheat and corn futures move modestly, metal and sugar quotes hover near prior levels, and copper and tin are cited in London and New York pricing sectors.
Strong buying and a late reversal left the market irregular. News of a deferred soldiers bonus and Livermore denial of stock sales shaped sentiment, while dividend news and gains in National Lead May Department Stores and Cuba Cane Sugar provided support before profit taking pulled prices back.
The Lauzier-Wolcott Company notes a firmer market with reduced selling pressure yesterday. Oil firms as crude output falls and gasoline use rises, while steel viewed bullish on auto demand. Northern Pacific dividend aids rail stocks. Transcontinental Oil flags a one million acre Colombian tract. Famous plans larger producer output.
Chicago and Omaha market reports show hogs, cattle, and sheep receipts with price ranges. Desirable hogs steady to firm, packing sows mixed, cattle receipts uneven with strong beef steer demand on some lots, lambs and sheep fluctuating with buyers active in mid December.
The article notes higher 1924 earnings potential for Overland stock and speculation that preferred dividends may be paid as back totals shift. It quotes President B. H. Fitch of Republi Rubber as predicting a promising rubber industry outlook with price cuts ending and raw material costs rising. It also cites sugar group price trends and favorable finances of Cuba Cane affecting 1924 forecasts.
Portland reports cattle receipts mostly in transit with a nominally steady market. Hog prices hold steady as receipts total 336. Sheep show no receipts with prices steady. Butter and eggs in New York firm with varying creamery and hen listings. Spokane notes steady cattle and hog markets with 271 and 618 receipts respectively.
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