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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jan 26, 1922
Page
10
Wheat averages eased as Liverpool declines and suppressed export demand weighed on prices. May futures hovered around 1.13 to 1.18 percent, with nearby contracts near 1.03 as milling demand softened and U.S. export activity slowed amid unsettled market conditions.
The New York Stock Exchange saw bewildering fluctuations with Rails and industrials wavering. Steel rose to lift by 2% then to 10% before closing down 6 points. Davison Chemical jumped 7% though pared gains. Bonds eased with Liberty issues sliding while French municipals reacted. total sales reached $14.375 million.
Daly and Butte Copper and Zinc attract heavy purchases as traders view neglect as a buying opportunity. Some expect Butte & Superior to rise to 35 to 40, with one enthusiast citing 50 as cheap. Steel and equipment issues stay strong, while rail stocks lag. Copper shingles by Anaconda Copper are gaining outside interest for their light weight and durability. Gulf States Steel resumes mills at normal output, with improving orders. American Steel and Wire shows demand growth. Woolen and worsted prices fall for fall 1922, with wide declines across grades. Dividend notices: Standard Milling 2% on common and 1% on preferred. Delaware & Hudson 2% for March.
Cattle receipts around 12 000 with calves steady to 500 high. top heifers and cows mixed with prices showing declines on some grades. Hogs receipts near 11 000 with center weights lifting. top hog price around 10. Lambs also mentioned with market activity noted by the Associated Press from the United States Bureau of Markets in Kansas City.
Global quotes show silver at 65 percent in New York and London prices at 35 pence per ounce. Denver reports cattle receipts at 600 with higher market, hogs steady, and dairy products mixed. foreign exchange includes demand and cables for Britain, Sweden, Denmark, and Switzerland, with call money at 8 percent. Barnes-King December production notes reference ore tonnage and mine activity in the region.
Fire of undetermined origin swept through multiple floors in Montreal before being brought under control after a two hour battle. The incident, reported by the Associtea Pr, occurred in Quebec on January 2, with significant damage and ongoing inquiry into the cause. Additionally a separate social note mentions St Catherine's Day customs among French girls reaching age 36 without marriage.
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