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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Aug 21, 1902
Page
3
The New York stock market shows broader, stronger trading with uneven gains. Investors push up select issues amid speculation that J. P. Morgan will restart major projects, while late selling trims gains and bonds hold firm.
Money on call steady at 1 4 per cent with offers at 2 per cent. Prime mercantile paper quoted 44 5 per cent. Sterling exchange steady. bankers' bills at 4.87.10 for demand and 4.84.35 for 60 days. Bar silver at tac. silver certificates for 10,000 ounces sold at 524¢. Mexican dollars 414c. Government bonds steady. state bonds inactive. railroad bonds tight.
The metal markets abroad rose as English iron advanced on heavy U.S. demand. Glasgow closed at 6s 1d, Middlesboro at 63s, while U.S. domestic markets held firm with various foundry warrants quoted. Tin rose nearly 3 cents with spot at 28.30 28.40 and English prices firm. Lead steady, spelter firmer, bar silver at 24.4d, short bill discounts at 2% for three months.
Traders noted green corn and depleted stocks with shorts lightening positions as September contracts closed higher. Oats received favorable demand while hogs led gains with steady pressure and strong provisions amid wet weather and active commission houses.
Cash quotations list No. 2 spring wheat at 72 to 73 cents, No. 4 at 60 cents, No. 2 red on the margin at 56 cents, No. 2 corn at 56 cents, No. 2 yellow around 104 guineas, No. 3 white oats 34 cents, No. 1 flaxseed 1.39, and other grains with mixed quality. The report also shows pork prices per barrel, whiskey base, and shipment totals for flour, wheat, oats, rye, barley with tonnage and bushel figures.
Cattle receipts 26 600 including 000 Texans and 7 000 Westerns. Steady to lower on good to prime and mid grades. Hogs Receipts 24 000 today 25 000 tomorrow and 3 140 carryover with mixed and butchers 6 40 to 7 15. Sheep receipts 23 00 with lambs and wethers lower and mixed western/native prices varying by grade.
A Western diner at the Waldorf Astoria recalls an English guest who always upstaged stories with unbelievable boasts. He claimed remarkable feats from Monte Carlo to Gettysburg and India, finally ending with a bear hunt that outdid all prior tales and left the room stunned.
A historical notice advertises patent protection services with free consultation. Milo B Stevens & Co. lists address 817 Market Street Washington and promotes no allowance and no fee policy.
South Omaha cattle receipts around 4900 with mixed demand and lower tone for natives and westerns. hogs receipts about 6300 with higher market. sheep receipts 8500 with slight downturn. Listed ranges show steers cows heifers and calves varying by class and weight.
Cattle receipts around 7,000 with best steady. Native and Texan steers up to $408.25, cows and heifers about $2.25 to $4.50, stockers $2.75 to $5.66, bulls $1.00 to $3.40, calves $9.01 to $15.50. Hogs strong to higher, bulk $6.87, heavies $6.85 to $7.10, packers $6.35 to $6.95, pigs $6.40. Sheep receipts 5,000, market steady, muttons to $3.25, wethers around $2.50 to $4.15, ewes $3.30 to $4.15.
Fragmented OCR shows a list of mining firms and locations, including Amalgamated, Old Dominion, Trinity, Calumet, United Copper, Dominion Coal, and Parrot. It hints at regional operations in Utah, Alberta, and nearby areas with scattered names and numbers.
A fragmented OCR notice lists horse pasturage in Ruby valley with George Rounds at Lavelle's stables in Butte. Catholic home altars offered with mee line. Park Novelty Co. address. mining blanks. Standard ore office address. Dr T A Grigg throat and lungs services with moderate prices and cash terms.
WANTED second hand furniture bought and sold at 388 HE Park St Butte Tel 686. E McNamara. Furniture and household goods wanted at Butte second hand store 207 E Park St Butte.
The daily treasury balance shows available cash of 202.7 million dollars and gold valued at 196.1 million dollars.
Market report lists Consols for money 95 percent and accounts 53 16. rail and steel shares move with Anaconda 514, Atchison 95 14, New York Central 168 19, United States Steel 41 1/2, Southern Railway 41 5/8, Reading 34 1/2, Wabash 8 1/2, other issues including Ontario & Western 35 44, Pennsylvania 82, and Union Pacific 111 1/4.
The Commercial Advertiser notes a firm market in New York with buoyant American department and strong opening aided by afternoon support. Top performers include Louisville and Nashville, Denver Rio Grande, Missouri Pacific, Norfolk and Western. Consols at 952 16 with talk of a 30 to 40 million pound sterling Transvaal loan. Rio Tinto shares rise to 43 1 2 with metal up 10s per ton.
Chicago markets report a broad wheat advance driven by coarse grains and rain damage fears. Contracts were pressured by September shorts amid congestion and slow receipts, with a late rally supported by fair cash demand and 15 loads accepted at the seaboard.
Mrs Stuyvesant Fish plans a large colonial ball at Crossways on Friday August 22. Attendees must wear colonial costume and no facial hair. A rebellious few debate the rule but most guests yield to the hostess influence and comply with the mustache ban.
Storage facility with five stories at 20 West Broadway offers exclusive storage with or without insurance. Kennedy Furniture space now occupied by Butte Exchange Furniture Con with J Chauvin as manager. Services include buy sell exchange packing shipping and storage with bargains year round.
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