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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Oct 28, 1921
Page
9
Wheat prices showed downward pressure amid rail strike uncertainty and mixed market signals. Reports of no decisive rail settlement and ongoing selling pushed futures lower while corn and oats barely held, with short term gains fading as traders awaited clearer guidance from the markets and weather factors.
A volatile session on the New York Stock Exchange reflects ongoing rail labor tensions. Shares swung, with transport groups rising on interior demand while high grade issues diverged from junior stocks. Bethlehem Steel released a quarterly statement after the close, noting fully earned dividends on its preferred. Foreign exchange was unsettled at the open with London easing slightly and continental quotes firming.
Markets opened quiet and steady with railroad stocks showing strength despite looming strike. Oil shares lead gains as Pacific Oil hits a new high while other equities show light trading. Reports of a government push to block a strike and potential Royal Dutch Union Oil merger rumors influence sentiment, with dividends and treasury issues noted as investors await outcomes.
Chicago markets show mixed cow and steer demand with prime beef steady to strong, yearlings steady, and lambs higher on late trade. Omaha and St Paul reports indicate receipts around 23,000 cattle and 4,000 hogs, with hogs up about 10 cents and beef steers steady to higher. lambs and ewes strengthen amid demand from packers and feeders. Prices cited include top hogs near 7.90, steer ranges up to 10, stockers and feeders steady, and lambs trading around 8.45 to 8.75 with strong bids.
A dense cluster of old style ads and notices from Montana and surrounding areas. Contains business personals, shop openings, sales notices, lost and found items, employment requests, debt claims, and county postings. Includes market reports and miscellaneous commodity prices with references to Butte Anaconda Spokane and Portland.
Special Dispatch to the Standard reports the House appropriation committee considering Repres Smith's bill for a 20 million dollar loan to the reclamation fund. Edgar Wallace of the AFL and Otto T. Mallory backed the measure saying it would speed irrigation and provide work for tens of thousands, with plans to begin immediately.
Classified ad notes various apartment rentals in Butte Montana including a two room modern flat with heater and warm conditions, several three and four room flats, and mentions rent reductions. Additional listings include houses, storage, and a 1920 Chevrolet for sale, plus others in the same district.
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