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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Feb 08, 1901
Page
3
Amid rumors of a planned steel trust and Carnegie's possible sale of control, steel shares surged then tumbled as traders faced heavy buying and rapid short covering. Union Pacific led rail gains before a broad market pullback, with bond activity remaining strong and gold exports constrained by lower rates.
The New York metals market showed subdued activity with most trades forming hand-to-mouth orders. Tin fell 25 points amid abroad weakness and expected large arrivals while copper remained dull and nominal. spelter weakened further on black market pressure and lead stayed flat. Pig iron warrants ranged in the high values across northern and southern foundries as bar silver prices were noted.
The Commercial Advertiser reports a good tone in London as the Bank of England reduced its minimum discount by half a point. Consols weakened on war loan news while Union Pacific opened above parity then slid but closed firm on New York support. Silver sagged under selling pressure.
In Chicago, a brisk open to the wheat market followed a Liverpool advance that excited bulls on export sales. May wheat opened higher, rallied to a peak, then slipped to about 74 1/4 to 74 1/2 cents as bears and liquidation pressed. Corn rose moderately, oats stayed dull, and May pork, yard and ribs closed firmer.
Biour dull and weak trading note shows No 3 spring wheat priced at 54 with subdued demand and limited futures activity impacting cash markets locally.
Other Markets Omaha February 7 reports cattle receipts around 2000 with native beef steers at 445.95 western steers 2704.00 and cows and heifers 474.10. Hog receipts about 6000 with heavy and mixed trade ranging from 4.32 to 5.30 and bulk around 5.27. Sheep receipts 490 with market steady including yearlings 4.40 to 4.50 and lambs 4.00 to 5.10.
Cattle receipts show Texas steers at 3.75 to 4.40, Texas cows around 2.75 to 3.4, native cows and heifers 4.75, bulls 4.25, total receipts 12,000. Market sits higher with bulk sales 5.25 to 5.70, heavy 5.20 to 5.40, mixed 5.24 to 5.35, light 5.30 to 4.30. Sheep receipts 2, lambs 5.45 to 5.25, muttons 1.25 to 4.0.
San Francisco notes list spring wools Nevada Walle Eastern Oregon Maite valleys Oregon Malie and fall wools Mountain lambs across San Joaquin Plains Gfe Humbold Mendocino and Watic regions. The item sketches geographic wool production areas for the season.
London Feb 7 offerings at the wool auction sales numbered 16 252 sales with scoured and ships and Cape of Good Hope Natal crossbreds selling readily. Punta Arenas clips moved largely at old rates with demand fair at recent prices and exports mainly to the continent.
Washington report lists general fund balances with available cash at 142 million and gold holdings at 76.067 million, excluding a 114 million gold reserve in the division of redemption.
Wildlife officials report wild deer thriving in all regions of Connecticut with occasional feeding near domestic animals. The herd is described as larger than at any time in 150 years, indicating a significant rise in population and potential ecological impacts.
Classified brief lists multiple items for sale or rent including furniture six rooms at 314 EF Granite Butte fresh milk cows sold by J Ik Tebo 49 Placer St Butte and rentals across Butte Anaconda Helena with addresses and contact details. A. Gamer agent at 1 W Broadway Butte for hire insurance companies.
An ad describes electric garments claimed to strengthen sexual organs and cure rheumatism, varicose veins, liver and kidney issues, back pain, constipation, stomach and nervous diseases. It promises relief from selling at Chicago prices and notes locations at 61 Park Ave and 6 Park St in Butte with free explanatory material.
Gorman Bros and Carter s famous harp orchestra will provide music for all OCCAs sions. Address Box 132 Butte.
WEINBERG BROS and EPSTEIN makers and dealers in silk satne skirts waists and undergarments. Mail orders promptly attended to. Rooms 45 to 48 Owsley block Butte. CARDER BROS wall paper window glass room moulding and canters supplies 21 EB. Quarts Street Butte Telephone 104.
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