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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jul 12, 1927
Page
14
In Chicago on July 11, a 4,252,000 bushel rise in domestic wheat supply helped depress the market. Government crop figures were bearish, with an expected yield near 854 million bushels. Corn futures rose modestly while oats and provisions moved within narrow ranges amid mixed cash quotes for various wheat grades and other grains.
Minneapolis grain reports on July 11 show wheat at 152 cars versus 255 a year ago and various cash prices for No 1 northern and spring varieties. Corn No 3 yellow around 1.03 to 1.04, oats No 3 white about 0.46, barley 0.80 to 0.82, rye No 2 near 1.05 to 1.08, and flax around 2.17 to 2.23. Cotton spot prices in New York are described as steady with mindlig pricing, dated July 11.
U S Steel and credit improvements help advance prices in today’s session with broad gains. Atlantic Coast Line leads dividend payers, while Kansas City Southern tops merger issues. Bear traders pull pockets in a few names but overall list stays firm. Cotton futures rise on government acreage data and foreign exchange remains largely steady. Butter and eggs report lower prices amid ample receipts.
Logan and Bryan report a cheerful market with gains led by Baldwin and Kansas City Southern to new highs. Westinghouse Electric hits a 1925 high on dividend talk, while Woolworth Montgomery Ward Union Carbide and Mathieson Alkali advance. Grain notes show US wheat supply up and prices falling, with bearish government spring-wheat outlook and strong visible supply at Gulf ports.
A kind lady encounters an old man missing his right leg seeking a left shoe partner for a pair. He recalls a Bull Run veteran known by a number ten shoe. Nearby, Jimmy is praised for saving a friend from drowning, but he downplays bravery noting the saved skates belonged to him.
Portland and major western markets report cattle receipts near 24 000 with steady to higher bids on best steers while hogs show mixed demand. Spokane Seattle and St Paul summarize lighter runs, steady to weak prices, and calve and sheep movements mixed. Ocean-bound metal markets show copper, tin, zinc steady with modest shifts in precious metals.
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