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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Apr 22, 1902
Page
13
Active trading in New York stocks ends with a mixed close as crop fears and a judicial challenge to the Northern Securities company restrain advances. Southern Pacific and Reading lead rallies while western issues lag amid debt and silver market weakness.
A noisy ledger style list shows numerous railroads with preference statuses and percentages including Chicago & Northwestern Illinois Central Great Northern Delaware & Hudson Denver & Rio Grande and Louisville & Nashville. The fragment reads like a catalog of preferred and first preferred shares with varying percentages and multiple company names. It appears to be part of a financial or investment table from a historical newspaper page.
The London tin market fell about £1 per spot and futures, copper showed dullness and weakness, with spot copper near 11.50 to 11.12 c and London prices slipping. Lead remained steady, Spelter quiet, and English iron markets lower. Pig iron warrants listed. bar silver details noted as well.
New York on April 21 reports money on call at 446 percent, prime mercantile paper at 495 percent, sterling exchange firm with bankers bills at 4.87 percent for demand and 4.8544 for 60 days. Posted rates show 4.84 to 4.8819 for commercial bills, Mexican dollars at 42 cents, government and state bonds inactive, railroad bonds irregular.
The Commercial Advertiser reports a subdued stock market with a confident tone on peace prospects. New Congo issue weak on allotment sales, premium oscillates around 1 percent, old issue steady at 94 percent. American stocks rise but caution prevails. UP and Atchison fall sharply while Reading stays firm. Silver drops to a record low near 25 cents, India stays sidelined, China sells to fund indemnity, market hopes for a bottom if speculative buying returns.
Chicago markets report nervous trading in wheat with an open bullish bias as hot weather forecast for the West sparks selling and a late rally leaves May steady. Corn trades small with little standout action and tracks wheat near the close.
The market turned heavy with May futures down sharply as provisions fell and hog prices weakened at the yards. Large hog receipts and selling by packers pressured pork futures with May pork down 171, laid 196, and ribs lower.
Cattle receipts 2 500 with mixed good to prime steers and cows to around 5 6 per hundred. stockers and feeders 2 5005. bulls and canners to 2 50 5 25. Hog receipts 42 000 today 23 000 tomorrow with mixed heavy weights 6 75 7 25 and bulk sales near 6 85. Sheep and lambs steady to higher with wethers 5 50 6 20 and western lambs 5 50 7 16.
The report lists cash quotations for grains and products including No 2 red spring wheat at 34 dollars per bushel, No 2 yellow corn at 62 and 1/2 cents, No 1 flaxseed at 1.88, lard at 6 dollars 95 cents per 10 pounds, and barley at 66 cents. It also shows receipts and shipments totals for flour, wheat, corn, and oats with substantial shipment volumes.
South Omaha on April 21 shows cattle receipts at 3500 with slow demand and mixed declines. Hogs receipts 4100 with market 10 to magnitude lower. sheep receipts 7000 with market steady to higher for certain cuts. Prices list native steers 4.75 to 6.90, cows 3.75 to 6, hogs 5.00 to 6.90, feeder calves 3.50 to 7. The report repeats varied bids across cattle hogs and sheep with regional price ranges.
5 room brick on S Colorado with good barn. Two brick houses on large lot on S Colorado. Ideal for mixed use or rental income. May fit farm or residential development plans.
Cattle receipts 2000 with 1000 Texans. steady market. Native steers 4.50 to 4.85, Texas and Indian steers 5.06 to 6.76, native cows 3.50 to 4.04, stockers 3.50 to 5.40, bulls 3.50 to 5.25, calves 4.07 to 4.78. Hog receipts 5000. market 5 to 10 cents lower. Bulk 6.90 to 7.15, heavy 7.15 to 7.40, packers 6.85 to 7.15, mediums 7.0 to 7.15, lights 6.50 to 7.10, several pigs 6.50 to 7.50. Sheep receipts 2900. market active. Muttons 5.50 to 5.85, lambs 6.00 to 6.90, western wethers 5.60 to 6.00, ewes 5.0 to 5.5.
The visible grain supply totals from the New York produce exchange show Wheat at 44,252,000 bushels a drop of 2,332,000. Corn at 7,762,000 bushels down 324,009. Oats at 3,114,000 bushels up 60,000. Rye at 1,804,000 bushels down 125,000. Barley at 1,365,000 bushels up 187,000.
McClure Bros Reliable Assay office since 1889 offers mail and express samples with prompt returns. John R Bapty assayer and chemist at 119 Hamilton St Butte. Thos Buggy also assayer and chemist at 480 N Main St Butte. Sherman's piano house seeks six square pianos at 129 131 E Park St Butte. Pacific Coast Iron & Metal Co buys iron metals rubber and hides at 225 BE Platinum St Butte phone 70F.
Sheriff Sherlock of Jefferson County arrived to address unpaid bills left by George Geer in Boulder. Geer, en route to Idaho Mecca with a pack outfit, claimed funds on deposit and resumed his trip after a telephone settlement. A storm soaked the county, bringing six inches of wet snow and heavy rain, aiding farmers and stockmen. Dillon Gun Club hosted a clay pigeon shoot with W J Propper of Medicine Lodge winning 19 of 25 in cold conditions.
London reports show Anaconda at 5 percent in the list with Atchison 854 and Atchison preferred 1024. Baltimore & Ohio adds 112 and Canadian Pacific 129 percent. bar silver uncertain with money at 2.2 percent.
Washington reports the treasury balance on April 21 with available cash of 182,122,684 dollars and gold valued at 92,085,652 dollars. The statement outlines the government’s liquid assets and gold reserves for the period.
London April 21 Consols quote at 94 percent while silver closed at 236 116d per ounce in a quiet trading day.
Special correspondent reports multiple trainloads of fat cattle tied to Omaha and Chicago markets. Shaw Edinger and Wenger Staudaker plan cars from Red Rock and Anaconda, with Tom Flynn and others contributing. Free county high school board awards furnishing contract to G. T. Paul of Dillon Furniture.
Wanted to rent three furnished rooms for housekeeping on the south side with state rent terms. Box 1,015 Butte seeks occupants. Also advertising massage and Swedish movements with home treatment options by Prof. N. A. Nisbeth at 108 West Quartz, Butte.
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