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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jul 11, 1923
Page
10
Markets report wheat fell to one dollar per bushel in Chicago with prospects of rapid harvest and rust concerns. Corn and oats followed lower. winter wheat movement expected to rise, and new crop arrivals cited. Minneapolis cash grain and sugar prices also noted with modest activity and futures softness.
Prices moved lower on mixed domestic developments as the Franco British reparations stalemate unsettles traders. The crop report boosts hopes for farmer buying power, while copper and oil hold steady amid modest gains and continued selling pressure.
AP reports July market updates from New York and Chicago. Butter firm on creamery and extras with various percent ranges. creamery standards and firsts adjusted. Cheese steady while receipts for butter and eggs show significant tubs and cases. poultry prices mixed with slight weaknesses in fowls and broilers.
New York metal market reports quiet trading on July 10 with electrolytic copper at 14% 14c, tin near 38.26 to 38.37 in spot and nearby markets, iron prices for No 1 and No 2 northern ranges at 26.59 to 27.50 and 26.27, zinc quiet at East St. Louis 6.06 to 6.10, lead weak at spot 6, antimony spot 6.69 to 6.99.
London metals prices show standard copper at 165 7s 6d futures and 72 6s spot. Tin spot quoted at 180 10s 6d with futures at 181. Lead spot at 24 16s with futures 29. Gold and other bases listed with variations.
By Lauzier-Wolcott Co final price changes were limited with selling pressure modest. June United States Steel unfilled tonnage fell about 600000, depressing steel shares but no real liquidation. Copper stocks down 7 million pounds. copper price in New York steady at 14 to 14.5 cents. Dividend notes from Cerro de Pasco and Union Oil. May oil transport by Mutual Oil totals 225,835 barrels with varied destinations. Nationwide car registrations rise to 13,043,128 as of July 1.
U S Department of Agriculture wholesale prices show hog receipts at 39 000 with slow trade. pigs and sows listed across weights and qualities. Cattle receipts 10 900 with steer prices largely steady to lower. veal and stocker categories quoted. sheep receipts 22 000 with fat lambs lower and ewes steady.
Receipts show mixed quotes across cattle hogs and sheep with steady to lower trends. Hog top bids around $7.15 to $7.25, bulk sales $7.10 to $7.20, packing sows steady $6.00 to $6.10, stock pigs $6.25 to $6.60. Sheep receipts 10,000 with lambs 9 to 50 cents lower, natives around $13.00 to $13.90, culls $7.50, Texas yearlings $9.75, wethers $7.50.
Hogs receipts 17 000 in Omaha slow butchers steady to weak with weights 200 to 450 pounds pricing 6.25 to 6.90. Cattle receipts 8 000 steady to top steer 11 dollars. grass cows 4.25 to 6. veals 10.50. Sheep receipts 6 500 lambs mostly 25 cents lower. western fat lambs 14.50, mauve lambs 13.75 to 14.25, ewes and feeders scarce steady. At St Paul cattle 1 000 receipts steady. hogs 12 000 steady to 10 cents lower with 160–170 pound averages 7.0 to 7.0. Portland hogs strong 8.75 to 9 for light, 7.5 to 8.5 for heavy. cattle steady. Spokane cattle steady. hogs top 8.75, mid 7.75 to 8.25. sheep steady with lambs 10.25 to 10.75.
Denver July 10 cattle receipts 1325 steady to weak beef steers 911 cows and heifers 18 calves 55010 stockers and feeders 567 hogs receipts 3475 19 to 20c lower top 710 bulk 6807 sheep receipts 3850 market steady lambs 1213.75 ewes 46.50
Los Angeles July 10 cattle receipts 100 hogs 100 holdovers 617 sheep and lambs 300 reported by Federal State Livestock Market News Service.
Special dispatch notes cattle receipts at 12 000 with calves 2000 and beef steers near steady while other classes soften up to ten cents. Top heavy steers around 11 and long yearlings 10 75. mix yearlings nine to ten. bulls strong. veal calves 9 to 9 50. Hogs receipts 12 000 with very slow sales and small declines of one cent to a penny.
New York July 10 reports firmer foreign exchange quotations in cents for major currencies. Great Britain at 4.5756, France 5.89, Italy 4.30, Belgium 4.93, Germany near 0.0004, Spain 14.45, Argentina 34.50, Brazil 10.32, with cables and 60 day bills noted. Montreal at 97. This summary captures the day’s key rates and the broad set of currencies moving in markets.
Bar silver in New York closed at 63 ½ cents per ounce with Mexican dollars at 48 ½ cents in the market. In London the bar silver traded at 31 ¾ pence per ounce, with money markets showing a 2 percent variation.
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