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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jun 05, 1923
Page
10
Chicago markets see wheat slumps with July and September both near 1.08 and 1.09 per bushel as hedging pressure and government regulation worries weigh. Corn gains modestly amid tight supply, oats little changed, and hog prices retreat on weaker futures. Minnesota cash wheat and metal prices noted in brief summaries.
Prices moved unevenly on the New York Stock Exchange as trading slowed after early strength. Oil shares faced extensive short selling around noon and several railroad and industrial issues traded mixed, with Union Pacific showing strength and Colt money steady despite weak foreign exchange.
The market shows spotty weakness across shares with a general sagging tone. Marine preferred weak on dividend risk, General Asphalt declines, while Pressed Steel Car rises on light turnover signaling a mixed but potentially buying opportunity. Granby Copper and Dome Mines highlighted strong production and earnings potential amidst cost considerations.
Livestock market news from Chicago Kansas City Omaha and other centers shows hog receipts near 70 000 in Chicago with prices from 5 50 to 7 25 per pound for various weights and packing hogs around 6 15 to 7 25. Cattle receipts near 21 000 with top steer bids around 9 75 to 10 65 and veals near 9.00. Other centers including Sioux City Los Angeles Spokane and Portland report mixed gains and declines across hogs cattle and sheep with top bids and averages noted for different weight classes.
Denver cattle and sheep markets show mixed but firm trends. Cattle receipts 2,588 with top steers up to $7.75 and calves to $13.50, while sheep receipts 1,544 see strong demand for clipped lambs around $12 to $13 and ewes near $8.50.
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