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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
May 26, 1923
Page
12
Wheat prices edged higher on light selling while export demand lingered. Traders noted favorable crop conditions in the US and Europe but later interest waned as new sales failed to materialize. Corn showed firmer tones on rising receipts and better export demand, with quotes and futures listed alongside other commodities and currencies.
Prices rise in today’s stock market with steel shares advancing amid steady demand for steel and copper group reports improving. California Petroleum leads gains while sugar and rail issues show mixed results and money markets hold at 4% short rates.
A broad market rise followed a recent hesitancy with many prices advancing, aided by stronger steel sector outlooks and higher copper demand. U.S. steel leaders like United States Steel and Youngstown Sheet and Tube report rising orders and optimistic capacity, while copper and related shipbuilding materials see mixed moves. Cattle and hog receipts in Kansas City show steady to weaker trends with modest price shifts across native and Texas-origin stock.
Multiple city market summaries report cattle hog and sheep receipts and prices. Cattle steady to strong with varied bids in Saint Paul Denver and Los Angeles. hogs mixed steady to higher. sheep and lambs steady with minor declines noted. Also global metals and currency quotes from New York London.
May 25 Omaha market notes hog receipts about 9 000 with fairly active trade and prices steady to strong from 6 6 10 for packing sows to 7 20 top for dusk butchers. Cattle receipts 2 100 with top steer price near 10 40 and bulk between 8 75 and 10 25. cows and heifers 6 50 to 8 25. veals 12 50. feeders around 8. Sheep receipts 6 000 with lambs steady to 25 cents lower. Norineste and California lambs listed with limited detail.
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