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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jun 23, 1926
Page
12
Chicago grains opened steady to lower as improved Southwest weather and a warmer forecast boost harvest prospects. Wheat eased while corn held and provisions rose. cash market showed mixed signals, with old and new crop months readjusting and fund selling pausing for renewed demand.
NYSE trading showed uneven gains led by oil and railroad issues amid merger rumors and strong May earnings. Texas Company Phillipe and Standard of California hit fresh highs. United States Steel modestly recovered while laggards faded. Time money near 4 1/2 percent. sterling steadied around $1.564.
Chicago reports June 22 notes wheat prices extend lower on oversold conditions with modest volume and a narrow range. Export demand is steady to moderate with premium support for old grain. shorts cover as prices dip, while corn and oats hover near small losses and rye declines sharply amid liquidation.
In New York on June 22 a temporary higher money market was rejected in an irregular stock market tone. Afternoon activity showed steel common demand and renewed buying, while Ford Motor cut prices in Canada influencing motor shares. Oil stocks and Texas Company merged prospects supported Pan American and Atlantic Refining gains amid renewed energy talk and early May carrier earnings.
Market reports show varied cattle and sheep prices across several western cities. Receipts remain steady with cattle steady to lower, hogs and sheep showing mixed strength, top steers near 9.80, lamb values around 14.75, and regional bids fluctuating with weight and grade.
Chicago hog receipts estimated 23 000 mostly steady to lower with big packers active. Trade at 210 lb hogs around 14.65 to 14.80. top 14.30. Packers paid 13.65 to 12.90 for 240 to 256 lb ranges.
Four adventurous college students abandon books to sail a 50-foot schooner named Primrose toward Plymouth England. Passengers include F. Lothrop Ames Jr Boston Nicholas Biddle Jr New York Joseph Roby Jr Rochester NY and Reginald Bishop New York with Francis M Gardener Harvard as pilot. The ship carries radio and eight weeks provisions for the voyage expected to take about a month.
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