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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jul 09, 1918
Page
10
Shares face downward pressure as investors weigh steel sector demand. United States Steel stock drops amid market uncertainty while related mills show mixed results and other industry names move on earnings and rumors.
Market report notes United States Steel ahead as stocks fell broadly after mixed signals from Russia and war news. Copper prices held, Anaconda slipped, and curb trades showed some gains. Analysts warned caution amid potential major moves at the next meeting and rapid shifts in early openings.
In Chicago markets July trading shows wheat gains amid congress talk of higher prices, corn futures reacting to a draft from President Wilson. August and September wheat advance while provisions ease from recent highs. Weather in key production states balances demand, Canada’s corn imports for flour mix loosen pricing, and western rains temper market optimism. Prices hover with mixed demand from coastwise buyers as receipts rise and exports stay strong.
The United States Bureau of Markets Chicago notes hog receipts around 42 000 and 6 000 cattle receipts with cattle mostly steady while hogs and sheep show varied demand. Best cattle steady to higher with prime beef quoted near 16 to 18 while hogs range 16 to 17.50. Sheep market strengthens with steady to firm runs. financial quotes in New York and London show money rates and market tone dampened by conservative demand. A fragment references a consumer prompt about shopping choices in a city store context.
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