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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
May 30, 1922
Page
8
Wheat sales surge on arrivals of nearly 630 carloads in Chicago with heavy receipts expected tomorrow and next day. Prices closed unstable with May and July contracts near lower bounds while corn oats and pork markets show mixed movements amid broad market strain.
The New York Stock Exchange closed amid significant activity and breadth between weekend recess and an approaching holiday. Gains appeared across transportation, rail, oils, steels, motors, and equipment with notable lifts in many issues while concerns grew after the Supreme Court ruled the Southern Pacific Central Pacific merger illegal. Copper prices firmed and clearing house lending expanded as the money market hardened with call money at 4 percent.
Bulls push rail stocks higher after wage reductions. Strong copper and zinc shipments lift industrials. autos led by Studebaker. Sugar, petroleum, and Can Invincible rally as gains extend into the end of the month amid holiday expectations.
A mixed livestock market roundup from Chicago Omaha Spokane and Portland shows steady to weak trends in cattle and hogs. Buyers react to fluctuating demand with light feedlot activity and varying prices across cattle steers heifers bulls and veal stockers and feeders.
Market reports show cattle receipts at South St Paul around 2800 with beef and butcher stock steady to higher. Feeder pigs and flat pigs traded mixed. hogs and heavies varied with notable numbers and several price points. Denver cattle receipts near 5400 with active demand. goats and calves noted, prices given for various categories. Silver prices in London and money market rates listed by Associated Press.
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