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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
May 13, 1924
Page
12
Markets weaken as corn falls and other grains show irregular, unsettled moves. Near record visible supplies and slow shipping weigh on prices while hogs and provisions drift lower. Demand uncertainty persists amid Washington policy chatter and weak stock market signals.
Trading rose mildly as declines in US Steel and other leaders sparked bear pressure after news of the French election defeat and a new tax bill. Many issues fell from 1 to 7 points, but most closed near day’s lows with mixed support. Call money held at 3 percent, time money at 4 percent, and sterling around 4.36 dollars.
Reports from Chicago Paul Portland and Omaha detail hog cattle and sheep trade results. Hogs generally lower, cattle varied with declines in beef steers and yearlings, sheep and lambs weaker in many spots. Prices quoted for 180 to 250 pound hogs and various cattle classes, with notable values in Nebraska and Imperial Valley offerings.
A ragged OCR page reports steel price declines impacting markets and investment sites. Fragments mention Lanser Wolcott and various firms, with scattered notes on sales, reserves, and a looming shift in steel demand and prices as authorities weigh limits and futures.
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