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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jun 12, 1926
Page
10
Wheat and corn futures rose amid rain needs in the northwest and reports of crop stress abroad. France may suspend import duties, boosting values. Oats and corn gained, with provisions firm on hog values amid mixed U S trade and Minneapolis bids for No 1 northern wheat.
The stock market shows upward momentum with notable gains across sectors as traders cite rising confidence and better earnings signals. Analysts point to trading activity near year highs, with key indices approaching critical levels while uncertainty lingers over sector rotation and macro data.
Omaha and Sioux City reports indicate cattle and hog receipts with slow to steady demand. Steers and yearlings steady to firm, but market uneven with few heavy bulls and veal prices fluctuating. Oyster-like notes on lambs, calf values, and regional quotes accompany a context of modest declines and mixed packer activity.
New York June 11 Bulls lift General Motors and United States Steel as industrials lead a broad up turn. Grain gains in Chicago on strong buying with wheat shorts covering and export demand lifting prices. Oats and rye rally in late trading as reports of rye demand and favorable crop outlook aid gains. Prices for fleeces and mohair show mixed gains across regions amid ongoing market activity.
The Commercial Bulletin reports brisker wool movement in both worsted and woolen lines driven by large exports. West buying remains moderate as demand shows cautious improvement, with London and Liverpool noting slight price shifts. Mohair stays firm while Boston rail and water wool shipments for 1926 show growth and a brighter outlook.
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