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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jan 20, 1923
Page
10
Market reports from Chicago and Minneapolis show wheat prices rising as optimism grew that the Capper bill to expand farm credit might pass. Prices for No 2 hard wheat touched 1.20 plus, with gains echoed in Minneapolis bids and related grain futures.
New York stocks opened firm as pool buying and abundant credit supported gains before profit taking trimmed moves. A forged circular attributed to Baldwin Locomotive president Samuel Vauclain sparked some selling. authorities investigated. Steel and railroad issues fluctuated with mixed results while oils led declines at session end. ©
Jan 19 cattle hogs sheep prices in Chicago St Paul Kansas City Denver Omaha Portland Spokane. Report covers receipts, price ranges for beef steers cows calves hogs packing sows and lambs with top quotes and changes from prior markets. Includes per-city notes on market tone and notable highs and lows for various classes.
The report notes domestic market strength outpacing foreign, with mild weather boosting activity across industries and employment stable. It highlights scarce transport and materials, prompting manufacturers to favor local suppliers while global price shifts and wartime tensions affect grain and cotton markets.
In a muted market, bulls gain little ground amid slim outside buying and a restrained foreign scene. Baldwin Locomotive Works secures a 35 locomotive order from Illinois Central valued near 1?000,000, with January first-half activity showing 400 days’ work. Governor Haskell confirms a 25-year St Paul railway contract enabling oil and coal transport via extensive lines. Steel plants run at about 88 percent capacity, with Haden, Stone & Co noting earnings expectations for late 1922 and early 1923. Jan 30 figures likely show modest net income.
In Houston on January 19 the Commercial Bulletin reports wool prices showing a steady rise since year start. Strengthening trends vary by grade as buyers wait for U.S. woolen openings Monday. Quotations include Wisconsin New England halt blood 1.31, California Northern 1.20 to 1.25, Southern 1.13 to 1.20, and Delaine pulled ranges 1.39 to 1.38 per pound depending on quality.
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