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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Oct 15, 1921
Page
9
Markets and mining news report wheat gains as traders expect a government release. Prices closed higher with December futures up and oats and hogs also firm. Embargo news and weather concerns from Nebraska to Kansas influenced demand, while rail disruptions offset some strength.
New York markets opened mixed with minor speculative issues gaining. Traders grew confused by labor and industrial hints while money rates eased from 6 to 5 percent as maturities and Liberty bond interest neared. Bond gains supported by demand for mid October cotton payments. rails and some chemicals slumped. total volume about 635,000 shares.
Oil stocks led the market advance on Friday as copper and other metals showed firming trends. Despite wage-strike rumors, railroad securities also strengthened while refiners raised prices and dividends were declared by Union Tank Car and General Cigar.
Cattle and hog receipts at Chicago Kansas City Spokane and Portland show varied, mostly steady to higher prices. Beef animals steady to higher with vealers and yearlings strong. Hogs range to higher on some runs, with light and heavy weights noted. Published market summaries list bids, weights, and daily changes across markets and include unrelated classified items and notices.
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