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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jun 26, 1926
Page
12
Wheat prices fell amid a surge in new harvest movement and doubt over farm relief legislation. The Associated Press reports declines across grain, corn, and oats with softer wheat futures and firmer hog values in contrast.
The New York Stock Exchange recorded a decline in wheat prices as traders shifted positions away from distant corn contracts. Market activity pointed to cautious trading as investors reassessed supply forecasts and demand signals for the grain complex.
The Commercial Bulletin notes demand in wool markets remains somewhat firm with improved Western clip activity and stronger buyer interest. Mohair is quiet but firm. prices and shipments from Boston to June 24, 1926 rise modestly. quotations for Ohio Pennsylvania fleeces Michigan New York Missouri are listed, while New York money and metals markets show steady to firm readings with copper, tin, lead, zinc shifts and futures quotes.
Chicago and several markets report mixed cattle sheep and hog activity with receipts around thousands. Prices show weak to firm shifts, packers bidding higher for certain steers, vealers rising to near 14 to 16 dollars, and hogs steady to higher for good lots. Also notes cattle and calf figures from St Paul Omaha and Los Angeles with various weights and market conditions.
Logan Bryan reports motor stocks show active selling after a general market downturn. News mentions a motor industry shutdown blamed on bear operations, with other sectors like rail and grain markets showing mixed activity and shifting demand.
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