Wheat market surge tied to crop reports and receipts
Wheat futures advance as crop reports fuel demand amid volatile prices. Minneapolis and New York markets show receipts and quotes for No 2 and No 3 grades, with mixed futures and spot tones.
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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
May 25, 1921
Page
9
Wheat futures advance as crop reports fuel demand amid volatile prices. Minneapolis and New York markets show receipts and quotes for No 2 and No 3 grades, with mixed futures and spot tones.
May 24 market report notes broad pullback in many speculative issues after dividend suspensions. Central Leather preferred and Remington Typewriter common and other major names fell sharply while oils and tobaccos saw mixed pressure. Money market and bond list showed volatility as foreign exchange fluctuated on Silesian truce news.
A. Heilbronner notes the new French government bond issue offers 5 percent interest for 20 years with a non callable feature. A sinking fund of 9 million dollars yearly funds bond purchases in open market, signaling long term easy money and a high yield for investors, according to bankers.
In Chicago and Omaha markets on May 24, cattle receipts around 1 0002 head with steers steady to lower and calves and heifers weak. Hog receipts 21 000 with prices mostly 10 to 1c lower on heavy cattle. Spokane and South Slope show steady to weaker conditions with lambs and sheep varying.
Ore shipments move from the Western Union mine near Wallace in the Coeur d Alenes with a 44 ounce per ton silver and over 60 percent lead ore. Tunnels advance 200 feet as water pressures rise, while the Spread Delight veins show promising fissures and new seams. The Bunker Hill & Sullivan royalties paid last year amount to over two million dollars, highlighting mining profits versus miner leases. In market news bears dominate Wall Street amid dividend passes, with calls to buy copper and steel stocks as optimism grows for a broader economic upturn. Harvard motto Christo et Ecclesiae traced to Franeker Academy portals origin per Clifford B Clapp.
A proposed calendar bill by Representative H J Crane of Florida outlines 13 months per year with 28 days each. Friday would always occur on the thirteenth, shifting holidays such as Christmas to January 3 and Thanksgiving to December, with other holidays reassigned in Centre month.
A dense jumble of job ads and personal notices lists opportunities in auto and tractor sales and repair, sewing and housework, lodging, and rental offerings. Shoppers seek experienced help, maids, and cooks, while property listings call for furnished rooms and modern flats in Butte and nearby towns.
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