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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jan 13, 1927
Page
10
Wheat prices closed up amid limited Chicago stocks and buying by big traders. Corn and oats edged higher while provisions eased on lower hog values. Outlook cites Argentina and Australia ship movements and southern hemisphere supply constraints versus European demand. Potatoes and bran prices noted with sparse shipments and steady demand.
The market showed no clear trend with early heaviness followed by a brisk recovery to irregular closes. Woolworth stock moved on a five dollar annual dividend equivalent. steel orders rose slightly while pig iron and steel prices softened. Automobiles fell on price cuts. General Motors closed up after earlier lows. demand for high grade rails and United States Cast Iron Pipe rose on rumored stock splits. Foreign exchange firms with Spanish pesetas up sharply and sterling around firm levels.
New York stock markets show pressure across autos amid mixed signals from earnings hopes and oil shares. Traders cite Archie son leadership, general cautious demand, and anticipated quarterly results to justify a cautious stance while commodity futures drift with wheat and corn movements in Chicago and Minneapolis.
Hogs receipts near 18 000 with steady opening and weak to lower quotes, two markets show mixed bids from 11 to 13 dollars for various weights. Cattle receipts around 11 000 with uneven demand, prime heavies active near 12 25, feeders steady to up, fat cows weaker. Sheep receipts 11 000 with early sales around 12 25 for wooled terms, best Westerns holding above 12 50, lambs around 13 to 15 with mixed offerings. Markets at St Pauls and South St Paul report similar activity and price ranges across hogs cattle and sheep.
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