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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Dec 05, 1923
Page
12
Active eastern demand pushes wheat higher with December at 1.05 to May 1.11. Futures show firm closes and sturdy corn and oats gains, while provisions rise with grain moves. Minnesota figures and New York money rates noted amid broader market activity.
Irregular early trading on the New York Stock Exchange gave way to a rally as investors discounted the House speaker stalemate. Erie rails surged above 20 for the first time since 1920, while United Railways and other industrials posted gains. money markets steadied and foreign exchange firmed late.
Butter and eggs prices firm in New York markets with varied scores and receipts. creamery extras around 54.5c and firsts about 47 to 51c for butter while eggs show strong whites and state hens at 62 to 75c for extras to firsts. Chicago reports higher butter values with creamery extras near 54c, extra firsts 50 to 52c, and ordinary firsts around 35c to 45c with case receipts totaling 3,470.
Associated Press dispatch from Chicago reports potatoes steady with 34 cars received and total U.S. shipments at 887. Wisconsin sacked round whites fall to U.S. No. 1 1.10, Minnesota and North Dakota Red River Ohios quoted 0.90 to 1.00, Idaho Russell sacked at 1.80 to 1.90.
Sugar futures closed easy in New York with approximate sales of 16,000 tons. January quotes at 5.13, March 4.53, May 4.61, and July 4.70.
The Maidar Hey Vali of Constantinople issues a decree compelling foreign firms to employ retired army officers, but the order does not affect American Express, Finger Ford, or Standard interests operating in the city.
Oil stocks showed renewed buying after the Marland Oil financing plan was abandoned, lifting overall sentiment. Rails advanced briefly led by Erie, while copper exports and California oil output figures were also reported. production is seen easing toward about 100 000 barrels daily after a current decline. Combined November copper from Calumet & Arizona and New Cornelia rose from October levels.
Chicago December market reports show hog receipts 67 000 steady to strong with prices for 200 300 lb hogs $7 15 to $7 40, sows $6 65 to $7 00, pigs $5 50 to $6 50. Cattle receipts 16 000 uneven slow with fat cows $5 25 and down, yearlings up to $12 50, fed steers $8 75 to $10 50, calves to $10 50, bulls up to $4 65. Sheep receipts 16 000 active with fat lambs around $12 85 to $13, heavy lambs $4 50 to $5, feeders steady.
Hog receipts 9 500 active strong to 10c higher with bulk good and choice 200 to 825 pound butchers at 6 70 to 6 90, top 6 95. Mixed loads packing sows and lights 6 35 to 6 60, packing sows 6 25 to 6 40. Cattle receipts 7 000, desirable medium weight steers and yearlings steady, others slow to weak, bulk fed offerings 7 50 to 9 50, top yearlings 11 75, stock bulls and veals steady, butcher cows and heifers 3 75 to 6, fed heifers up to 9, canners and cutters 2 50 to 3 50.
Cattle receipts 3 000 opened slow at steady to weak prices with most grades common and medium. Top cattle values include bulk buyers paying 7 and under for slaughter grade and 4 50 to 7 25 for stockers. Hogs receipts 20 800 steady to 15 higher with top 7 25 for choice 210 215 pounds. Sheep receipts 1 200 with early sales fully steady for native lambs around 11 50 to 12 dollars and ewes 4 50 to 6.
Cattle receipts 13 000 with steady to higher values for heavy weights and active demand for stockers. Hogs 20 000 with slow bidding and higher packer offers, top 7.00, most sales 6.50 to 6.90. Sheep 5 000 with slow trade and lambs about steady, small lots around 12 and 11.85.
Portland and Spokane report steady cattle and hogs with varied receipts. Los Angeles notes steady cattle with higher lower-grade cows and firm steer prices. hog totals large with ongoing market activity and mixed load calves and heifers.
Standard want ads report slow sales and steady early results with small percentages sold. Top hogs bring about 8.50 with packing hogs around 6.50 and late yesterday's top near 8.50 for 1860 to 200 pound butchers. Sheep receipts none with holdover 1,270. no bids on mixed or medium or good lambs in yards.
New York reports bar silver at 64 3 4 cents and Mexican dollars at 48 1 2 cents. London quotes bar silver at 33 1 3 per ounce and money at 2 percent.
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