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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
May 02, 1922
Page
10
Market reports indicate May settlement activity in grain and oats with price fluctuations and expected ease in disposing of wheat. The piece notes rising or steady provisions trading, with foreign exchange steady in New York and metal markets showing mixed copper tin iron and lead movements.
A market overview notes uneven advancement on the New York Stock Exchange as speculative issues led gains while seasoned shares lag. Volume reached 1,186,000 shares in a full session, with money rates showing heavy fund shifting and call loans up to 4.5 percent amid May payments.
A hearing before a master of Minerals Separation company in Butte and Superior was postponed again. The postponements delay the case related to copper export and associated interests in Anaconda and Montana Power, with references to dates and pending actions in 1931 and 1941.
The market opened buoyant led by gains in Republic Iron and Steel Lackawanna Gulf States Steel Kennecott Studebaker and Mid-Sul in a two hour session profit taking followed. Brokers loans in New York rose to 86 million amid shifting expectations for public buying and a potential steel merger. Studebaker posted 4.09 per share quarterly profit and 26 660 cars produced in Q1 1922 while Kennecott Copper shows signs of recovery and strong copper demand.
May 1 livestock briefs show mixed cattle and hog activity. Chicago receipts about 25 000 with steady prices for some classes and declines for others. Omaha receipts near 10 000 with softer tone on cattle and steady to strong on veals. South St Paul reports varied cattle and calf offerings with generally steady to higher results for yearlings and bulls.
Market reports from Kansas City Denver Portland and New York show cattle receipts around 11 8 hundred with steers steady to 10 cents lower and best bids near 8 50. hogs opening slow and finishing 10 to 100 lower with tops around 10 30. sheep receipts 7 000 to 200 with best wooled lambs near 14 to 15 dollars and ewes around 9 dollars. Prices vary by market and class with mixed gains for some categories and steady trends in others.
An advertisement promotes Dr Edwards Olive Tablets as a natural liver and bowels aid. It claims they soothe digestion without causing griping and urge readers to take one or two tablets at bedtime for quick relief. Prices listed as 150 and 300.
The Sho shone region wool clip, led by Senator Frank Gooding and his brother Fred W Gooding, reached about one million pounds. Prices averaged over a dollar and more than doubled from the previous year, with agencies in St Louis and Salt Lake City handling the sale and word of the auction issued from the offices.
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