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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
May 25, 1922
Page
10
Chicago markets face heavy losses as wheat futures slump amid influx of supplies and weak demand. May contracts fall to around 81.33, while oats and corn slide. hogs rise slightly as provisions market steadies. Foreign exchange firming and metal prices mixed as traders weigh near term demand.
New York stocks opened with a moderate advance in junior transport shares as the Interstate Commerce Commission cut freight rates. Rail and financials showed relief, with a broad list up about 10 percent on expectations of mergers and dividends, while independent steel moved on mixed rumors. Volume reached 985000 shares as money and call loans traded near prior highs amid firmer tone in time deposits and stronger foreign remittances.
The Hellbronner Company reports active trading with steel shares leading activity. Republic, Crucible, Lima Locomotive, Gulf Statex, Steel and Midvale show strength though gains are limited. Copper remains buoyant with rising exports and tightening supply, while merger rumors and dividend resumptions fuel optimism. Montana Power declares a 75 cent common dividend and 1.5 percent preferred, payable June 14.
Chicago market reports show steers to 9.25 top, hogs near 10.75, sheep to 13.60 for best shorn lambs with California spring lambs noted. Saint Paul and Kansas City receipts cited with varied cattle, hog, and sheep pricing. Denver listed cattle slow to steady with hogs near 10.25 and spring lambs up to 14.75.
A vintage health ad claims constipation causes diabetes rheumatism hardening of the arteries and more. It extols Kellogg s Bran as a primary remedy promoting elimination and claims daily use can remove ailments and improve mood with bran sprinkled in cereals or baked goods.
Spokane reports steady cattle and hog markets with receipts around 60 cattle and 334 hogs and 304 sheep. Portland records steady sheep and cattle receipts. Omaha shows active hog trade with majority 106 higher and top at 10.35, while cattle and sheep receipts are listed with varied gains and price ranges.
Mrs. C Osborn of Cleveland Ohio endorses Foley's Honey and Tar for prolonged childhood coughs. She says her granddaughter recovered after two years of coughing and phlegm. The ad asserts the remedy treats feverish colds wheezy breathing croup and whooping cough and is sold everywhere.
A lighthearted remark notes that American films, cars, and bright lights have entered China and suggests the Chinese may grow to like chop suey, reflecting cultural exchange with a humorous tone.
Secretary Henry C. Wallace used radio to deliver Arbor Day greetings due to slow mail, urging citizens to plant trees and keep forests green as the nation observes the annual event.
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