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Anaconda Standard in Anaconda, Montana

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Newspaper

Anaconda Standard

Location

Anaconda, Montana, United States of America

Date

May 17, 1928

Page

12

Wheat market slips on improved crop prospects and weak export demand

Chicago May 16 reports show improved spring and winter wheat prospects causing a sharp setback in wheat values. Wheat closed 2 to 2½ cents lower with corn steady and oats mixed. Weather notes from Canada and South Dakota trigger selling pressure before turning mixed as rainfall improved outlooks in major spring wheat states. Deliveries on Chicago May contracts reached 455000 bushels amid ongoing North American demand softness.

Associated Presse Chicago North America Canada South Dakota Bradley S. D North Dakota Ohio Indiana Ilinois Tawa Minnesota

Market Roundup Spokane Cattle Hogs Sheep Receipts

SPOKANE Wash May 16 Cattle Receipts 102 Hogs Receipts 645 Sheep Receipts 34 Market steady unchanged Poultry Chicago May 16 Alive firmer Receipts 7 cars Fowls 241 28c Broilers 35 48c Turkeys 25c Roosters 16 2c Ducks 18c Spring ducks 28c Geese 14c

Spokane The Associated Press Wash Chicago

Trading on Wall Street Breaks Records in Sudden Reversal

On May 16 the New York Stock Exchange halted a prior upswing as trading tumbled from early gains. The day set a volume record at 4,887,400 shares, with many popular issues down 3 to 20 points. brokers faced delays and governors planned an extra holiday. News cited speculation overload and credit worries as key factors, while several blue chips such as Wright, Curtiss, and Packard showed volatile movements.

Associated Press New York New York Stock Exchange Philadelphia Federal Reserve Bank New York Federal Reserve Bank American Telephone and Telegraph Company Wright Curtiss Packard Sterling General Motors American Brunswick Greene-Cananea International Match Montgomery-Ward Nash Motors National Tea Victor Talking Machine Adams Express American Bank Note American Railway Express Baldwin Russia Insurance United States Union Pacific New York Central Canadian Pacific Reading Delaware & Hudson Texas & Pacific Great Northern Una Amon

Livestock Prices Slump at Chicago Market Report

USDA Chicago market updates show hog receipts at 23000 with declines of 10 to 25 cents for most cuts and top hogs at 9.80. Cattle receipts at 9000 with varied bids from 12.25 to 15.00 for steers and heifers, vealers 12.50 to 15.50, and bulls up to 10.75. Sheep receipts 12000 with better fat lambs firm, light lambs mixed, spring lambs 15.25 to 18.25, and yearlings steady to firm.

Associated Press Chicago United States Department of Agriculture

Market Report Omaha Cattle Hogs and Sheep Prices Rise

Cattle receipts 4500 with calves and yearlings up 10 to 15 cents. Fed steers and yearlings to 13.75 per cwt with top loads to 14. Bulls steady, stockers scarce. Hogs receipts 7000. top 8.35 and 9.20 to 9.35 per cwt in various weight ranges. Sheep 7000. fat lambs strong, California springers 17.25 to 17.50, best ewes 7.75, California feeding lambs to 14.00.

Associated Press Omaha United States Department of Agriculture California Denver

Denver cattle and hog market reports from May 16

United States receipts show 2 300 calves and 900 hogs with active trading and mixed results. Prices range with cattle at 11.75 to 12.75 for fed steers and yearlings, hogs top around 9 15, and sheep lambs from 14 to 17 50, across Denver and South St. Paul markets.

South ST. Paul United States Department of Agriculture

Market Nervousness After Early Highs on May Market

New York stock action was unsettled with early gains in airplane shares, independent motors, copper and special issues eroding as heavy selling emerged. Time money market attention noted absorption of 5 percent money, while industry talk hinted heavy stock distribution on bulges. Steel shares cooled after Iron Age cited hand to mouth buying and weak new business since late March.

New York Time Money Market

Wheat and corn markets face rains and demand shifts

Chicago traders saw broad rain dampen wheat gains with Liverpool unresponsive and Argentine shipments strong though below hopes. Corn held firm early then paused as wheat softened, with Argentine exports and Europe’s potential buy, plus favorable weather shaping next cash-driven price moves. Oats showed solid cash demand while rye faced irregular selling and quiet exports.

Chicago Liverpool Northwest South Dakota Duluth Europe Argentina

Potatoes prices and market notes from national and regional reports

Potatoes receipts 99 cars on track with 838 total United States shipments and varied regional prices. Wisconsin sacked round whites quoted 1.25 to 1.40, Idaho sacked russets 1.30 to 1.50, Minnesota sacked round whites 1.00 to 1.20, commercial 1.15 to 1.25. Demand improving for new stock and overall market slightly stronger. Florida and Texas prices noted for Bliss Triumphs and related varieties. Cattle market in Seattle shows steady tone with 32 receipts.

Kpokane Standard Exchange Logan Silversmith Stratton Sunshine Tamarack Lead Blossom Boston Logan & Bryan Arizona Commercial Aeries Bingham Mines Aif East Butte Franklin Hancock Seeee Island Creek Isle Royale Eeeweenaw Mason Valley Nipissing Mines North Butte Quincy Swift & Co Utah Apex Utah Metals Winona O Bryan Reese Ie Ask Ardsley Belcher Blackhawk Boston Ely Butte Calavaras Rystal Copper Brupeion Gadsden Houghton Jerome Verde Cau Mohican Ween Nixon Evrse Vegde Central Humble Oo Rbs Kayser Kresge Pera Vig & Myers Market St Ry Montana Power North Oh Westinghouse Wilson & Co Youngston S & T Atchisonds Northwestern Cuba Northern Missouri Pac Associated Press Chicago United States Department of Agriculture United States Canada Bermuda Wisconsin Idaho Minnesota Texas Bliss Louisiana-Alabama Florida Spalding Rose

Hog prices from Hansen Packing Co.

Prices paid for hogs by Hansen Packing Co of Butte quoted as Choice 10c. medium heavy 8 12 9 2c. extra heavy 7%8c. lights 5 5 2c. extra lights 7% 8s c.

Hansen Packing CO Hansen Packing Company Butte

Also Mentioned on This Page

GOP Minneapolis Montana PERRO Allied Chemical Wee Allis Chalmers American Internationa Corpil American Power & Light Sumatra American Tel & Telegraph Sky Baldwin Locomotive Baltimore & One Bethlehem Butte & Superior California Petroleum Arizona de Pasco Cheasapeake & Ohio Chicago Alton Chicago East Chicago Great West St Paul Chicago Northwestern Rock Island Chile Chrysler Motor Colorado Continental Continental Motors Davidson Chemical Stereos Dodge Bros Tly Eaton Axle Ose Kelvinator Company Erie Glidden Company Fick Rubber Mleischmann Venstee Foundation Company Wreeport Texas Oil Teaee iv Gabriel Snubhera Great Western Sugar Sete Eee Greene Cananeatte Mwems COSCO Hudson Motors Motors OW & A As Axl International Paper Wees Ae International Telephone & Telegraph Kansas City Kelly Springfield Kennecott Kresge Co Obeeseesaeree Cek Shed Loews Incorporated Ee Magma Copper Manhattan Eleetric Supply Cooh Maytag Company Marland Mexican Seaboard Miami Mid-Continent Missouri Kansas & Texas Missouri Pacific Ae Montgomery War Cup Esse Eeeseseeeeset Deemer Eereeeerereeseveal Moon Motors Ee Eees Mother Lode Coalition Ecceneveesnevis Ee Ee Ceeseesess National Power & Light A Nevada New Haven Pacfic Gas & Electric Free Vt Packard Motors Paige Detroitt Motors Catto Ree Ee Ete Se Ftony Pennsylvania Phillips Petroleum Settee See OK Pierce Arrow Cee Ees Eeessionne Republic Tron da Steel Steer HOS Honori Reynolds Tobacco Weseseeccessecey St. Joe St Louis & San BRI Schulte Tee Enee Seaboard Common Cor Eneeeeessons Sears Roebuck Fee Eseeseses Ashes Simms Petroleum Heer Ee Ee Sinclair OU Eteere Southern California Southern Pacific Osce Soo Southern Railway SEO SAO Standard Gas & Flectric Standard Oil New Jersey Sree Netaseeay Bor Sinwant Weare Vssanus Studebaker Cseessens Tennessee Copper & Chemical Peer Resee Texas Corporation Texas Pacific Texas Pacific Coal & Air Texas Pacific Land Trust Vesnes Utilities Power & Light Warner Bros Salt Lake Mines Newark Stock Exchange U.S. Liberties Eereess Germany Italy Japan Norway Sree Seerenx Andes Bethlehem Steel Detroit Goodyear Alta Alta Tunnel Columbus Emma Mammoth Mountain View Ooo Mid Park Park Bingham Abell Ou Ardsley Butte Beaverhead Alberta Butte Hill Copper Butte Ind London Chappel Oil Wee Doris Stenee Wee Great Nor Royalties Jardine Mining Sete Kevin- Sunb Hold Corp Ee-Sun OU Montana Idaho Nethart Silver Queen City Radford Royal Development Silver Bow Securities Sunburst Sunburst Refining New York Exchange Seattle Finles John Moody Cody Moody's Investors’ Service M. A. Berger & CO West Broadway E. B. Palmer Co Western Syndicate Salt Lake City Moody's
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