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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jan 07, 1927
Page
10
Markets shift upward as grain prices advance with corn toping gains. Reports of a corn borer in the Midwest lift buying interest while U S wheat exports keep prices firm despite world parity. Wheat and oats show modest gains or steadiness with provisions firmer on scattered buying amid export demand and renewed market activity.
New York stock market shows mixed moves as speculative forces clash in a tight trading range. Bullish sentiment fades. call money rates ease but fail to spark a sustained breakout amid large premiums on municipal issues and shifting rates.
Hogs and cattle markets show variable demand with Shippers pushing higher prices. Hog weights around 140 to 200 pounds and sows near 10.40 to 11.90, cattle steady to higher with fed steers around 11.50 to 11.75, vealers strong, lambs steady to higher, and deliveries on track. Grain and potato prices mixed with metals and currency quotes from major exchanges.
Market commentary notes heavy tone in early trading with limited progress in either direction. Mixed opinions on trade conditions and frayed confidence kept values subdued, while U.S. sector activity, shipping from Argentina, and London and Winnipeg actions created cautious movements. Substantial export demand remained uncertain with rye pressure growing on corn markets.
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