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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jul 24, 1926
Page
5
Markets recount a sharp fall in domestic wheat after a period of record arrivals. Wheat prices fell across markets while corn and oats showed minor gains. Large wheat stocks in the Southwest and rains in the Dakotas influenced the decline as traders liquidated holdings.
The New York stock market faced further readjustment as price movements fluctuated with heavy professional trading and limited public participation. Domestic and foreign factors influenced prices, with General Motors slipping and American Can and other issues showing mixed activity amid weekend turnover and call money at per cent.
Market points toward the top as professional efforts aim to depress values but instead lift some prominent issues near week’s high. Grain and livestock futures show a mix with firmer wheat trade, cattle and hog receipts steady to weak, and limited improvement in US and international demand.
Diverse cattle market data from Associated Press shows varied prices for steer and heifer lots, light and heavy grades, with bids and sales tracked across regions including Los Angeles and New York. Prices range from modest to strong for vealers, yearlings, and heavier cattle, reflecting steady demand and shifting weights.
Associated Press report from July 22 notes US manufacturers buying wool as markets remain firm. Flor y wools lead activity with strong old wool clean-up, while East Indian wools rise about seven percent. London butchers hold firm amid British coal strike. River Platte markets steady. linen trade slower.
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