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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jan 07, 1922
Page
11
Markets note a moderate drop in wheat with minimal signs of recovery as weather and demand uncertainties weigh. Reports from Buenos Aires and Gulf shipments hint at tight supplies, while corn and oil headlines mix with fluctuating prices and tentative futures quotes.
The New York Stock Exchange today showed a quiet, irregular session with diminished dealings and sporadic liquidations. Call loans eased to 3 percent, time money to 4 percent, while total volume reached 600,000 shares and overall market drift reflected cautious sentiment amid mixed corporate and rail pressures.
Traders show caution amid a firm opening and fluctuating moves in the market. Cell money down to 8 percent, time money at 1 percent. Some groups remain bullish about copper prospects in the coming months, while overall market softness is noted with weakness in tubber and motor sectors and a focus on dividends and mergers rumors.
Bradstreet notes easing retail trade pressure with holiday sales supported by strong industry activity. Reports from New York say creamery extras and steady demand underpin prices while foreign exchange shows mixed demand for currencies including Mexican, British, French, and Argentine markets. News wires cite stable money rates and easing terms for short loans.
The mining community gains a new lodging option at 276 i Park in Butte Montana. Advertisements and notices list lost items, legal proclamations, and job ads reflecting a bustling local economy.
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