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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jul 17, 1902
Page
3
The World’s Markets Daily provides a running ledger of commercial activity and financial transactions across leading markets. It details price movements, trade volumes, and notable shifts in securities, currencies, and commodities observed in daily business.
A July stock market rally showed varied advancing sectors as investors eyed improved credit conditions and signs of corporate strength. Rumors of large buyers and anticipated industrial activity boosted confidence though profit taking capped gains. steel, railroad and coal shares led with steady demand while bonds attracted solid interest.
New York money markets show call money at 3 percent, was offered 3 percent. Sterling exchange firm at 4.87 percent for demand with 60 day bills at 4.85. Bankers bills posted at 4.864 and 4.881. Commercial bills around 4.84 to 4.85. Mexican dollars at 41 cents, government and railroad bonds steady.
The Commercial Advertiser notes a fading stock rally with idleness expected until October. American markets opened firm but closed subdued, with profit-taking in Atchison and Union Pacific. Southern Pacific and coalers rose on news of a coal strike ending. Rio Tinto and Anaconda metals rose while copper stocks fell. Money rates remained unchanged.
The article reports July prices for tin copper lead and spillover markets. London spot and futures prices are given for copper and tin while local markets show firm with iron warrants and electrolytic sales. notable figures include tin around 128 12s 1d spot, copper London spot 53 28 6d, and iron warrants for northern and southern foundries.
Special cables report changes in grain availability. Wheat in US and Canada east of the Rockies rose by 105000 bushels, while afloat for and in Europe fell by 4000000. total supply dropped by 2993000. Corn east of the Rockies declined 200000 bushels and oats east of the Rockies fell 314000 bushels.
Chicago markets report tame grain activity with corn trading steady while cables fall and over 400000 bushels go to market. Bears benefit from favorable weather though overall movement remains minimal as Gates crowd and elevator interests shift July and September positions.
Cash quotations for flour and other grains, with bid prices for No 3 and No 7 wheat, No 2 yellow corn, oats and rye. Included are flaxseed, timber seeds, pork products and lard prices, plus receipts and shipments figures for flour and multiple grains in bushels and barrels.
Special dispatch from Great Falls reports the wool market reaching a season high with two clips at 16 4/ cents. The day featured strong demand and mostly good grade clips, led by Balnantine Bros and A Robertson selling large lots to Barraclough representing J Koshland & Co.
The brief item notes the opening of Thos. Buggy Assayer and Chemist at 480 North Main Street in Butte, signaling a new local business establishment.
Chicago July 16 cattle receipts 15 600 including 500 Texans. Prices range from 1.50 to 6.10 for cows calves and hogs with mixed grades steady to strong. Hogs receipts 23 000 with good to choice heavy 7 75 8 14 and bulk 7 60 7 90. Sheep receipts 12 000 lambs steady with good to choice wethers 3 50 4 50 and western sheep 2 50 3 75.
July 16 market report shows cattle receipts around 1000 with firm demand for best cattle and slower action on others. Hogs receipts about 5000 with a weak market and lower quotes across weights. Sheep receipts 329 with prices up 10 to 20 cents for fed muttons and lambs ranging from 3.75 to 6.76.
Kansas City stockyards notes July 16 with cattle receipts at 8 000 including 2 000 Texans. Native steers 508.10 and 2.40 to 4.55 for Texas and Indian steers. Cows and heifers 1 655 stocker feeders 3 5 00 bulls 2. Hogs receipts 7 00 market weak with common weights around 7.50 to 8.05. Sheep lambs 3 3004 2 range 3 2545 for wethers and ewes 3 25 174 35.
Miles City July 16 The latest wool sales show William Wolf 25000 pounds at 3 cents Farnum Bros and Norton 26000 pounds at 13½ cents Lavalley Bros 70000 pounds at 14 cents all to Jeremiah Willams and Co Buyers Morse of Harding and Caverly and Herbert Walker of Justice Bateman and Co returned today from Billings.
Advertisements list multiple rental options in Butte and Anaconda including furnished housekeeping rooms un furnished houses 5 room flats and modern brick dwellings with heat electric light and baths Several properties are offered by Jackman Armitage Co Curtis Majors and G E Daily with M J Connell Co plus a desk room for rent The notice also reports a lost sorrel horse 1400 pounds branded N and a lost key bunch with rewards listed for return The Standard office in Anaconda is referenced for a lost red child’s coat and a local scavenger business is named with contact details
A sequence of classified notices lists real estate and business sales in Harlowton and Butte with items including a barber shop residence for sale, a cigar confectionery fruit store, and multiple money lending offers from Jackman & Armitage Co and Montana Chattel Mortgage Co. It notes 30 dollar costs and locations on Main Street, Park Street, and Granite avenues.
The European Steamship Company of New York led by George Wilson denies any link to a Vienna offer to have ships built and operated for Austria by Austrian capital. Shipping men doubt U S involvement, saying subsidies could attract Austrian money for local construction. The state council urged subsidies for fast ships but the government remains divided on the plan.
Washington on July 16 releases state treasurer balances with available cash at 197,972,099 dollars and gold at 102,442, Se. Note the OCR shows a partial balance for gold.
London July 16 Consols for money 96 and for account 964. Atchison 90. Atchison Baltimore & Ohio 1 Aerts 1% at 1%. Indian Pacific 137%. Southern Belg: Binton Pacific 110%. Union Pacific preferred 93 1/4. United States Steel 41%. United States Steel preferred 93 1/4. Bar silver steady at 24 7 1/2d per ounce. Money 24 2/4 percent.
In Mamaronack editors argue that the criticisms raised by Mrs. Heath about local conditions are largely imaginary. They accuse politicians of exploiting sympathy to sway public opinion.
Perth dispatch reports Sir Arthur Lawley governor of Western Australia has accepted the lieutenant governorship of the Transvaal colony. He will depart for South Africa on August 5.
New York Tribune recounts Supreme Court Justice Marean of the second district catching an impostor who asked for a loan. The judge followed the man to a saloon, heard him invite others to drink, and reclaimed the discarded money with a firm refusal.
John W. Mackay of San Francisco collapsed from heat in London and is resting at Carleton House terrace. Doctors order rest for several days. rumor of danger denied by inquiry.
General Chaffee, recently relieved as military governor, will travel home by way of Suez, likely aboard the U S transport Merriman, due in New York early December.
Queen Wilhelmina, recovering at Castle Schamburg, is now well enough to travel and will return home on Saturday with her husband The Hague July 16.
Ex-President Steyn Mrs Steyn and two doctors depart Cape Town today aboard the Carisbrook Castle for Europe. Steyn suffers from enteric fever and travels with medical supervision on the voyage.
Mrs Eliza West Heath editor of the Mamaroneck Democrat remains in $2000 bail after being charged with cruel and malicious libel of Miss Ann Lynch a Mamaroneck school teacher She vows to edit from jail if convicted and continues her crusade for reform via editorials posters letters and circulars supported by statements about her family and husband who runs a large New York importing house.
A sleepy guest at a London hotel complained after a night of flute tunes. The proprietor asked about the music, and the guest recounted pounding on the wall to stop the performance. Herr Wiffler allegedly played each tune four times due to an encores from the neighboring room.
Multiple local listings promote secondhand goods buyers and sellers, furniture exchanges, cleaning and dyeing services, a French clairvoyant, a famous medium, table board, a large Montana Transfer Company, and storage and moving services. Includes Butte addresses and contact details.
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