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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jan 20, 1926
Page
12
Markets report sharp advance in wheat as speculators bought on prior sellers. July wheat climbs with prices in corn and oats up while hog values slip. Canada-US supply concerns and foreign demand drive rallies, with bids for immediate delivery spotted across major centers.
New York stock action shows bears pushing prices down one to five points as utilities and select industries hold some strength. Volume reaches 1,136,200 shares amid Fed rate whispers and a baking mergers probe start next month, with United States Steel near 132 1 2 after rumors of a dividend boost.
New York reports a subdued market as liquidation presses, with Ward Baking and United States Alcohol under pressure amid merger scrutiny. Wheat shows late strength in Chicago on broad trade, while corn and oats hold mixed gains as buyers cover shorts and conditions stay uneven.
Hogs receipts 36 000 with prices 10 25 to 13 15 for various weights. cattle receipts 11 000 with steady to weak demand. sheep receipts 10 000 with fat lambs active and mutton steady. St Paul and Omaha show mixed cattle and calf prices. Denver reports hogs 10 1e lower, cattle weak to steady with veal tops around 12 50.
New York January 19 news notes irregular foreign exchange with demand figures for Britain France Germany Belgium and Italy, and miscellaneous copper tin lead zinc and antimony spot and futures prices. Market reports show small fluctuations with copper and tin steady and metals futures mixed.
Reports from Butte Spokane Sioux City Portland and other markets note cattle receipts varied with steady to weak demand in some areas and steady to strong prices in others. Sheep receipts were measured, with mixed activity and several price points for fat lambs and sheep tabled alongside hogs. A Persia census item mentions a 116 year old woman living with her son in Mochin village.
The Interstate Commerce Commission refused to permit a raise in grain and other farm product rates from the western states to the Pacific coast. The action followed a petition by the Washington, Oregon, and Montana railroad commissions. The decision halts moves to boost freight charges on agricultural shipments to export markets.
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