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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jul 22, 1926
Page
28
The Associated Press reports showery weather in the Northwest and heavy receipts in the Midwest driving wheat down, with corn near conditions also soft. Wheat closed 4 to 1.5 cents lower, corn 1.5 to 4.5 cents lower, oats steady, and provisions mixed.
The New York Stock Exchange faced a sharp drop after earlier signs of a rise, as reports that the Bank of France might suspend payments to the government stirred fear. Early gains based on domestic trade were erased in a volatile session amid mixed futures and steady money and paper markets.
Market notes show export demand for wheat holding at moderate levels with premiums steady. Minneapolis wheat stocks fell over four days while oats and corn faced declines or kept cautious support amid reports of late grain damage and variable weather across the continent.
York dispatch reports mixed market action with late rumors of Bank of France difficulties and dividends in steel. cattle and hog futures show broad swings across Midwest and West, with Chicago and St. Paul markets noting slow opening and mixed price shifts. Reports cover exchanges in London, Antwerp, and Seattle with varied commodity movements including tin zinc and silver.
French coal mines run at full capacity while demand exceeds production. Spain faces record unsold tobacco in storage under the national monopoly, signaling a historic glut in tobacco reserves.
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