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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jan 24, 1906
Page
16
The article reports widespread stock selling and price declines in New York trading. Liquidation accelerates as short sellers cover, with speculation over who dominates the market and doubts over underlying value.
New York January 23 money on call remains easy at four and four tenths percent with the ruling rate at four percent and closing bids around three and three quarters percent indicating cautious market sentiment for short term funds.
The scene notes time loans easier with 60 day terms and rising rates. Mercantile paper moves around 64 percent while sterling exchange shows activity with bankers bills quoted around 487.15 to 487.20 for demand and 483.80 to 493.85 for 60 day bills. Post ed rates sit near 484 to 488 with bar silver at 65 cents and Mexican dollars at 5 percent. Government bonds remain firm and railroad bonds hold steady.
Copper held steady in London with spot £78 7s 6d and futures £76 7s 6d. Local quotes show lake and electrolytic at 18 18.10c and casting at 18e. Lead rose to £16 13s 8d in London, with local 5.80 5.80c. Spelter edged up to £28 2s 6d in London, local 6.40 6.50c. Iron weaker abroad, local prices reported as run.
Chicago trading closes show May wheat down 14 cents and corn down. Oats ease with May noted at 31 1/2 cents. Hog futures slip on expectations of large receipts amid weak pork prices. Cash grain prices listed with bid quotes and deliveries across wheat corn and oats.
Cattle receipts about 4000 with a steady market. Beeves 3.70 to 6.25, cows and heifers 1.40 to 4.80, stockers and feeders 2.40 to 15.40, Texans 3.60 to 4.50. Hogs receipts 6000 with a strong to higher tone. Mixed and butchers 5.40 to 5.67, good heavy 5.55 to 5.70, light 5.65 to 6.60, rough heavy 5.40 to 5.50, bulk 5.50 to 5.60. Sheep receipts 14000 with market 10 to 1 higher. Sheep 3.75 to 5.00, lambs 5.00 to 7.50.
South Omaha cattle receipts 4.80 market steady with native steers 8.75 to 5.50, cows and heifers 2.50 to 3.85, western steers 1.75 to 2.40, stockers 2.50 to 4.25, calves 2.50 to 4.6, bulls and stags 2.30 to 3.85. Hog receipts 500, market higher. heavy 5.37 to 5.45, mixed 5.25 to 5.40, sows 4.50 to 5.10, bulk 5.25 to 5.40. Sheep receipts 50, market strong to 10 cents higher. westerns 5.90 to 6.20, wethers 5.40 to 7.50, ewes 4.75 to 5.25, lambs 5.}
Cattle receipts 12 000 steady market native steers 40 native cows and heifers 245 stockers and feeders 204 50 bulls 44 western fed steers 3 5005 50 western red cows 2 504 hogs receipts 15 000 market higher bulk 5 5005 85 heavy 5 4075 55 feeders 5 40015 sheep receipts 5 000 market 57100 higher top western lambs 7 60 mut tons 1 5006 lambs 6 25 7 50 range wethers 5 40 8 30 fed ones 4 25 5.5
Classified ads describe insertion rules and reply procedures. The note outlines six word lines, ten lines per inch, care of the Standard for replies, light display type on the Want Page, and regular rates for advertisers.
Information is sought about David Phillips who left New Bedford in 1888. contact his brother Charles Phillips in New Bedford. Also there are advertisements offering 2000 to 3000 shares of Columbus-Butte Mining Co. stock, private room and board in Butte, and a live horse delivery inquiry. An article discusses French scientists discovering algae that keep water pristine and keep brook trout alive longer, with potential transport applications.
The wool market sits in a firm position with steady demand on January 23 in Boston. Territory wool calls exceed dealer supply as stocks run low. foreign wools remain firm. Prices listed include Idaho fine and heavy fines around 22 to 23 cents and Wyoming, Montana grades with narrow ranges around 20 to 28 cents.
A St Louis listing notes vocal steady medium grades and clothing items with prices. mentions heavy fine, tub washed and tub sizes in a compact catalog entry.
Cotton futures in New York closed steady on January 23 with a range of positions for upcoming months. Prices listed show January at 11.22e and February at 1.28e as market activity continues into March and beyond.
New York market report dated January 3 notes sugar raw nominal fair refining at 3 1 16 to 3 4 cents with test at 3 9 16 cents and molasses sugar at 2 13 16 to 2 cents. Refined sugar steady with values for crushed 6 40 cents, powdered 4 50 cents, granulated 4 70 cents. Coffee quiet. No 7 Rio steady.
Translation from Tales from Le Rire remarks on a colonial dame from an excellent family with both father and grandfather as generals. The second ditto adds that she should be proud of her genealogy.
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