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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jan 31, 1922
Page
10
Wheat prices showed the most active buying in months as supplies and elevator stocks appeared tight. Foreign demand and a cold snap supported gains with May at 1.49 1/2 and July 1.45 1/2 while corn and oats declined. Banken and mill buyers, plus an elevator firm, propelled the advance amid mixed selling to realize profits.
The Associated Press reports a buoyant mood tied to home conditions as demand bills on London rose to 4.28, with most European and neutral currencies rallying. Trading at the New York Stock Exchange was unusually quiet, about 450000 shares, while oil, motor, steel and food issues showed weakness. Time funds remained plentiful, and foreign bonds gained on remittances, with domestic Liberty issues and industrial bonds drifting lower. Total sales value reached 16.75 million.
The Heilbronner Company reports a muted market with small trading and cautious buying. Moody notes February tends to slip as autumn and Christmas trade end, while March and April often recover. No major business upturn expected before spring. earnings and acquisitions rumors drive sentiment.
United States Bureau of Markets reports cattle and hog receipts with mixed pricing. Kansas City cash cattle steady to higher on quality. hogs up about ten dollars on the week. South Saint Paul notes slow cattle demand, but hogs strong with prices near 380 to 425 per hundred pounds and a large run headed to Chicago.
Agricultural market rundown covers lamb feeder prices and bulk lambs at Portland with top figures around 15.86 and 13 port figures. reports from United States Bureau of Markets and Associated Press cite feeder prices, receipts, and market steadiness. Copper prices in New York show slight gains with electrolytic copper futures around 31.50 and nearby settlements. broader commodity summaries include livestock and metal markets with several prices and tonnage figures.
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