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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Dec 30, 1922
Page
10
Wheat prices fall sharply with May at 1.22 percent and July at 1.12 percent as traders cite bearish views. Liquidation tops 20 million bushels among eastern and Chicago holders, while US stockpiles and world supplies exceed year-ago levels. Corn rests and oats slip. provisions drop with hogs.
The New York stock market showed marked strength with gains across rails steel and oil shares as investors priced in optimism for the coming year. Steel issues led the advance while oil and railroad stocks also firmed amid cooling news from abroad and higher call money rates.
Boston December 29 The Commercial Bulletin reports wool demand fell slightly this week as manufacturers curb purchases to rebuild stocks. Sales made show no real market weakness, with healthy goods market activity and meager current sales. Wool quotations for Michigan New York Delaine unwashed and other grades listed by region.
Stock markets closed for cotton sugar and coffee. The day saw end of year commitments offset by strength in late trading. Wall Street featured profit taking in cotton and cautious anticipation over foreign events and tax related selling.
Chicago market news reports hog receipts at 51 000 with most prices down about a quarter to half a dollar. Hogs range from 7 50 to 8 40 for various weights and classes with packing sows steady to weak. Cattle receipts about 6 000 with slow demand, best mature steers around 10 25, veals from 10 25 to 10 50, stockers and feeders weaker. Sheep receipts 8 000 and demand slow with generally steady to lower prices overall.
Daily market notes show steady to strong demand for lambs and light-fed ewes with top lambs hitting $14.50 and 199 pound ewes at $8.65. Hogs range $7.90 to $8.10 top in Omaha with 13,500 receipts. cattle mostly steady to firm. Regional quotes reflect mixed movements in Kansas City and South St. Paul with steady beef steers, hogs down slightly, and lambs holding strength amid sparse supply.
Denver market reports cattle receipts 900 with steady trend. Beef steers 4.50 to 8.60, cows and heifers 3 to 7.75, calves 5 to 9.50, stockers and feeders 3.50 to 7.50. Hogs receipts 300 down 15 to 25 cents, top 8.25, bulk 8 to 8.20. Sheep receipts 700, lambs 12.50 to 14, ewes 4 to 7, feeder lambs 12 to 14.
SPOKANE December 29 cattle receipts 27 market steady hog receipts 92 market steady sheep receipts none quotations unchanged from prior.
Portland stock market notes show cattle steady with 11 receipts and hogs and sheep nominally steady with no receipts recorded.
In New York, butter and eggs markets show slight changes with butter at 54 cents for creamery extras and eggs mixed with Pacific coast quotes. Chicago reports butter steady to lower and eggs unchanged with high receipts. The text adds a note that the Gami ibn Tulun Mosque in Cairo, built around 879, is the finest in the city.
Dun's review predicts a favorable merchant climate as 1922 ends with substantial recovery from downturns. Production is high across basic industries, orders secure ongoing activity, and iron and steel show revival with worker shortages easing. Public purchasing power up due to fuller employment, and weekly bank clearings reach $5,756,445,000.
Associated Press reports London metal quotes with Standard copper spot at 64 pounds 12 shillings 6d, futures 65 pounds 12 shillings 60, electrolytic copper spot 71 pounds 15 shillings, futures 72 pounds. lead spot 26 pounds 7 shillings 6d, futures 26 pounds on. zinc spot 37 pounds 12 shillings 6d, futures 34 pounds 108.
In New York on December 29 copper held quiet with spot near 14 to 14 1/2 cents and futures at 14 1/2. Tin eased to around 38.75 to 38.87 dollars, iron unchanged, lead steady between 7.25 and 7.35 cents, zinc dull at East St. Louis 7 to 7.10 cents, and antimony quoted at 6.25 to 6.50 cents per pound.
Foreign bar silver quotes at 64 1/2 cents and Mexican dollars at 49 cents. London markets report bar silver at 31 1/4 pence per ounce.
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