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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
May 09, 1922
Page
10
Market recap shows wheat finishing higher on May 8 with May at 1.36 to 1.37 and July around 1.24, despite intraday dips as traders cover shorts and consider a tally after declines. Corn and oats firm on forecasts of rain and lower visible supplies. receipts and shipments influence sentiment while government reports hint at export activity.
The opening week shows a tentative pullback from a recent bull run with total trading under 275000 shares. Oil firms posted higher gasoline prices while auto makers cut several well-known models. New Haven led gains amid a broad, unsettled market.
Market sentiment weakens after unsettled Genoa conference. Pere Marquette buyers cling to merger hopes, while Replogle Steel strengthens post Empire Steel tie up. Rumors of mergers recirculate with limited authenticity. Reports show varied year losses and bond offerings, including Standard Oil of New Jersey raising bunker oil and Sinclair cutting prices.
Market summaries show cattle and hog receipts across major cities with price moves. Chicago bids top beef steers near 9.25 per hundredweight while hogs reach around 10.95. Omaha offers similar ranges with top hogs about 10.45. Kansas City notes cattle bids near 8.50 to 8.65 and hogs around 10.60 to 10.85 with firming tendencies. Sheep and lambs mostly lower in Chicago and Kansas City with lighter demand and price dips.
Market briefs from SOUTH ST PAUL and PORTLAND report cattle receipts and prices, hogs and sheep trends with small but steady to higher shifts. Denver and Spokane summaries show mixed cattle, hogs, and sheep activity, with prices and ranges for prime and common stock. Also included are sugar price moves and a note on war finance loans and 1921 building cost trends.
Oliver de Ridder known as the Edison of the shoe industry has perfected a method to mold shoe bottoms to the curves hollows and depressions of the human foot. With 36 years in shoe manufacturing he says the discovery will greatly help humanity and plans to implement it across all footwear.
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