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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jul 13, 1926
Page
6
Wheat prices edge down as government crop data show large exports and rising visible supply, while corn gains on the report. Market activity reflects mixed signals from winter wheat prospects and regional supply concerns, with oats and provisions showing modest movement and traders weighing demand and weather risks.
Irregular but higher close as General Motors lifts prices while rails surge on merger hopes. Copper gains and weak oil shares weigh. industrials, machinery, and farm equipment rise amid renewed dividend expectations and cautious trading patterns.
July reports from Chicago Sioux City Omaha and Denver show cattle and hog receipts varying widely with steady to higher demand for heavy hogs and mixed results for cattle. Buyers focus on weight grades and feeder calves while sheep and lambs trend unevenly amid abundant supply and fluctuating bids.
The report highlights buying interest in General Motors and other major stocks alongside profits taking. Analysts cite dividend resumption, rising iron and steel prices, and mixed demand for commodities like wheat and copper as factors shaping midweek trading.
Market roundups indicate oats and wheat steady to lower with visible supply down. Corn and oats demand remains cautious amid uncertain outlook in Northwest, while lead zinc and copper futures show modest firming. Foreign exchange slackened as Britain and France demand fluctuated, and mercantile paper held firm at low risk levels.
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