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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jan 16, 1923
Page
12
Markets report a broad wheat decline as heavy global shipments and lower Liverpool quotes dampen buying. May and July futures closed lower after midday trading, while corn and oats held mixed and hogs supported grain exports.
A rebased Austrian currency prompts revising decimal instruction in schools. Teachers seek a stable money-based basis as children only know hellers in class. The text notes the shift from 100 crown units and explains it takes three such units to buy a box of matches.
Ledger style market summary covering cattle hog and sheep receipts and prices from Kansas City South St Paul Spokane Portland and Denver with associated price ranges and changes, plus stock market and metal price notes from New York and London as of January 15 1922. Includes specific figures for cattle bulls cows calves hogs sows and lambs and brief overseas price directions.
Market outlook not encouraging as stock activity shows gains only in isolated issues and overall list slips. J B Thayer of American Telephone and Telegraph cites expected 1922 earnings above dividend needs. Cat Creek field yields 101000 in Montana taxes and 256 dry holes cost 9.89 million, with 111 producing wells in Cat Creek and 28 in Kevin Sunburst, seven in Soap Creek, totaling 19000 barrels daily.
Livestock prices show mixed activity in Chicago and Omaha with cattle receipts around 26 000 and 14 000 respectively. Early lambs and feeder prices vary with top choices reaching about 14 dollars for lambs and veal near 10 dollars, while cattle figures range from roughly 6 to 11 dollars for various grades and weights. City and regional reports from Sioux City record steady to lower cattle receipts at 4 500 with fat cows and steers priced around 4 to 8 dollars and feeders around 6 to 7 dollars.
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