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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
May 27, 1922
Page
10
The day's market report shows unsettled trading with heavy receipts causing a decline. Wheat and corn figures fluctuate amid nervous bears and possible carload deliveries while rain threatens field work. foreign exchange quotes shift across major European and international currencies. metals stay firm in copper and iron while call money and mercantile paper stay tight.
Wall Street opened mixed with leaders and investment issues mostly rising amid large dealings. Prospective freight rate cuts and lower commodity prices tempered declines, while bears faltered at British premier talk. Steel, copper and related shares weakened slightly but United States Steel held strength linked to Elbert Gary’s remarks. transport rails led gains with several names advancing.
Friday's market showed broad improvement across copper stocks with Anaconda at 6 and Inspiration up 43 percent amid gains in oil and rubber sectors led by Mexican Petroleum Sinclair and Cosden. The steel and equipment issues remained steady while tobacco, retail stores, and American Sumatra reached new highs. Mellon's remarks and Gary's tariff views frame a cautiously bullish tone as rails attract steady buying and the bullish trend extends through the current trading period.
Cattle receipts around 4000 in Chicago with mixed movement cattle steady to weak in some classes. Hogs receipts about 28000 with generally firm to higher prices and top near 10.85, weights varied. Sheep and lamb receipts steady to strong. spring lambs bid up to 15.50 and top lambs around 13.35. Also reports from Omaha Kansas City and Denver with cattle and hogs price ranges and receipts.
PORTLAND May 26 Associated Press reports cattle receipts at 276, market steady. Sheep receipts 1,800, market steady with lambs at 10.36. Portland market notes include 4.50 stockers and feeders at 67.50, spring lambs around 100. In Spokane, cattle receipts 67, market steady. hog receipts 7, market steady. sheep receipts 7, meat market steady with quotations unchanged.
In Chicago on May 26 butter and egg prices show varied prices for Creamery extras and firsts, with standard butter at 31 83 cents and seconds at 3 ¼ cents. New York reports bar silver at 72.46 per ounce and international rates including Mexican dollars at 55%, with London bar silver at 36% per ounce. Money and discount rates noted include 1% per cent and 2% for three months bills.
Astrology warns of discontent and unrest across workers and public figures. Uranus is cited as malefic, with risks to government stability, potential scandals in high offices, rising legal actions, and possible marital events. Readers are urged to guard nerves and finances amid widespread unease.
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