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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Dec 30, 1927
Page
12
European buying lift sent most wheat deliveries up in Chicago trading. North American appetite boosted by smaller Argentine shipments and lower Liverpool stocks while German crops show quality declines. Corn softened on selling, with oats mixed and minor price shifts across grains and fats.
New York stock exchange listing shows poultry prices and receipts. fowls 24 cents, springs 27 cents, turkeys 25 to 30 cents, roosters 18 cents, ducks and geese 23 cents. Also bar silver at 57.5 cents, Mexican dollars 44 1/2 cents. refined sugar firm at 5.70 to 5.80 cents per pound. flour shipments around 46 410 barrels.
New York December 29 stock market shows mixed year end movements with many issues posting one to five point gains while several rails and industrials hit new highs. Banks currencies and commodity markets hold firm as investors reinvest funds and rails react to car orders and auto show results.
Receipts and price movements from Chicago and several western centers show cattle and hog markets active with cattle gains of 15 to 25 cents on many classes and hogs uneven but trending higher in spots. Veals up 50 cents. heavy packing bulls to 8.50. sheep steady with lambs softer. Foreign exchange firm with key currencies quoted in cents.
Butter prices eased with 5,188 tubs received. Creamery extras 50c, standards 47c, extra firsts 44 to 49c, firsts 42 to 44c, seconds 32 to 40c. Eggs steady with 2,015 cases on hand. Strange scene from Tokio ends with one rescue as a girl clings to a pier while another drowns.
In New York on December 29 the cotton market absorbed pre holiday liquidations and rallied on trading demand. The midafternoon level held steady with modest gains, futures closing 11 to 12 points higher led by January at 19.69 to 19.70 cents and spot midddling at 20.10 cents.
In New York on December 29 leading issues rallied after an initial supply. Call money at 5 percent and rising brokerage borrowings were overlooked as markets recovered despite heavy selling. Copper and Pan-American oil issues fluctuated with Houston Oil pressure. Motors led gains under GM as car loadings fell briefly. Seminole figures drifted lower.
Chicago reports show export sales of 1 250 000 bushels of wheat with Argentina and Canada selling, while Russia remains non-exporter. Wheat futures edge up in Liverpool demand. corn cash and export sales rise, with 73 000 bushels shipped and 100 000 bushels sold to the gulf. Colder weather limits demand. oats and rye show modest shifts and continued strong tone overall.
Saco Bank, closed since May 14 1927, resumes dividends at 10 percent under state supervision. General depositors and creditors receive checks to be distributed by the deputy liquidating agent. liabilities at closing were 134000 dollars with over 30000 dollars paid on public funds. Copper and metal quotes follow from New York and London markets.
Potatoes receipts totaled 33 cars with 435 cars shipped nationwide. Demand and movement were slow and the market was very dull. Wisconsin round whites sold at 1.50 to 1.65 per cwt and Idaho Russets No 1 partly graded at 1.35 to 1.50 per cwt.
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