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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
May 04, 1923
Page
10
Chicago and Minneapolis reports show wheat futures easing for July and September while May stays firm on short covering and crop outlook. Corn and oats decline with weak provisions as eastern moisture lags and storage buildup adds bearish pressure. cash oats, corn, and barley traded lower amid volatility across commodities.
Heavy selling by major traders in the final hour pushed many active issues down 1 to 5 points, dragging the market leaders to their lowest prices of the year. The Dow and the 20 industrials averaged new yearly lows as panic selling hit shares, bonds, and commodities amid weak outside support.
The piece reports pronounced sales pressure across crude Pennsylvania oil, gasoline, refined sugar, and crude rubber, with prices sliding to new lows. It notes Baldwin Locomotive Works planning about 108 million in business this year, American Steel Foundries posting profits of 1.53 million, and ongoing shifts in mining and real estate investments amid slackening purchasing power.
Chicago and other cities report mixed cattle hog and sheep prices as receipts vary. Hog prices mostly steady to down. cattle steady to lower on heavy steers. sheep values hold with some gains for clipped lambs. notable markets include Omaha St Paul Denver Portland and regional summaries.
California berries did not appear on the market Thursday morning while Louisiana berries sold from 3.50 to 4.60. Prices for various fruits and vegetables are listed, including apples 2.05, bananas 0.10, grapefruits 6.96, and strawberries 3.50 to 4.60. Notes mention California potatoes entering Montana with required inspection certificates. Also included are money and metal market figures from New York and London.
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