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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jul 14, 1926
Page
26
Chicago reports a 6% rise in wheat as Canadian crop estimate cuts shock traders. Corn and oats gain modestly while hogs push up feed costs. Near term, heat and drought in Canada raise fears for spring yields, with prices climbing to multi month highs.
The New York Stock Exchange opened amid ongoing speculation and profit taking with many issues hitting new yearly highs. Trading volume reached 1,602,200 shares as industrials like Dupont and General Motors rallied, while fear of funding costs and modified mergers weighed on others.
Market notes from July 1 describe broadening buying power as copper shares lead early demand amid favorable conditions. Industrials show strength with Du Pont General Electric and other miners gaining while oil lags. Foreign exchange and metal markets firm with copper rallying, corn and oats advancing, and short covering supporting a rising trend.
A mixed market report covers Chicago Sioux City and Minnesota sales with hogs steady to firm on demand, cattle lifting on broader demand, and sheep weights variable. Prices list top cattle and fat hogs, with calves and feeders showing uneven movement and regional price variation across Chicago, St Paul and Omaha exchanges.
With better times returning to Austria the native population deposits more in savings banks, echoing prewar thrift. A recent bank report shows deposits rising to nearly 107 million dollars, marking a substantial increase over the past years and signaling renewed financial stability.
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