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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jul 18, 1924
Page
10
Wheat, oats, and rye rose to record highs as estimates of Canadian prairie crop losses grew. Winnipeg and Saskatoon reports signaled severe damage, boosting Minneapolis and Chicago markets with futures and cash bids climbing for No 2 and No 3 grades.
Irregular New York stock session features firming rails led by Rock Island with 2% gains and new year highs in several issues. Traders note merger rumors while oils and steels show mixed results amid earnings and dividend news. international money and euro exchange slide as reparations talks weigh.
Refined sugar prices fixed at 6.50 to 6.70 cents for fine granulated. Futures closed steady with July at 3.28 cents, September 3.37 cents, December 3.33 cents, and March 3.13 cents. About 15,000 tons traded on July deliveries.
Potatoes trade fair with firmer best ed stocks. barrel market weak. Missouri and Kansas sacked Irish Cobblers sell $1.40 to $1.70. poor stock $1.10+. sacked early Ohio and Virginia Cobblers quoted. North Carolina Cobblers in poor condition around $2.00+.
Butter and egg markets show steady tone in New York with receipts of 19 625 creamery imports and 29 013 nearby eggs while western whites fetch 33 89c and 74 129 receipts. Chicago reports butter steady with 15 373 and 16 184 cases in or through today.
Revival of gold mining reported on the Kenai peninsula near Seward Alaska with prospectors drawn to the Nuka bay area 50 miles south of Seward after a discovery at season’s end Several quartz properties on the peninsula have changed hands Sohnes Seiad Mining expands in Mexico with 300000 worth of machinery from US manufacturers purchased last year.
Market commentary notes limited losses after yesterday's attack with Bala stock shorting not yet profitable. Northern Pacific June net expected near 1923 or best since 1920. General Motors to publish monthly shipment figures as a market index. Lawsuit filed in Lewistown by Col Harry A Willard against Gordon Campbell Kevin syndicate for books and accountability.
Foreign exchange quotes show irregular values for many currencies with Britain at 4.387% demand and France around 5.08 to 5.09, Italy near 4.30, and Germany quoted at 23%. Tokio and Montreal rates also listed alongside Holland Norway Sweden and others. Call money in New York remains steady with a 2 percent ruling rate and short term lending at 1 to 4 percent for various maturities.
Bar silver in New York quoted at 68.50 dollars per ounce and 51 1?2c in New York. London reports bar silver at 34 9/16 pence per ounce with money at 2 percent. Discount rates show short bills at 3 1/4 percent and three months bills at 3 9/16 percent.
Copper steady at 12% 12%ec for electrolytic spot and futures. Tin eases to 46.12c. Iron and lead hold steady with unchanged prices. Zinc in East St Louis at 5.86c spot and 6.87 to 6.90c futures. Antimony at 8.25c spot.
London metals report shows copper and tin prices with spot and futures. Copper spot 60 158 futures 61 15s. electrolytic copper spot 64 15s futures 65. Tin spot 229 12s 6d futures 231. Lead spot 32 17s 6d futures 31 8.
U S Department of Agriculture Chicago notes hog receipts at 23 000 with gains to 20 cents. prices range from 5 50 to 8 10 for various weights and sows. Cattle receipts 13 000 with slow trading. fed steers and cows mostly steady to down. veal and yearlings mixed. Sheep receipts 12 000 with lambs down about 25 cents. fat lambs around 14 dollars. ewes 5 50 to 6 dollars.
Omaha hog receipts 17 600 average costs 7 18 per cwt with top 7 60. Cattle receipts 4 200 slow market with steers 9 75 top and yearlings 9 75. dry lots 7 25 to 9 50. Sheep receipts 7 500 fat range and native lambs 26 cents lower with early westerns 14 to 14 15 dollars.
Lambs steady with some at 12.65 dollars. sheep strong up 26 cents. Desirable fat cattle priced around 5.25 to 6.265, feeders steady to weak. Early sales show choice feeding lambs at about 11.75 to 12 dollars.
Cattle receipts 2800 dull with packers bidding. fed steers and yearlings about steady. bulk sales around 8.60 to 8.75. stockers slow, calves weaker. Hogs receipts 9000 up about 25 cents. top $7.60. most good to choice 160 to 800 pounds $7.50 to $7.60. Sheep 600 slow. fat lamb bids near $12.60 to $13.50. ewes steady to easier.
Cattle receipts 600 slow start with few odd lots. Steers 5.60 to 6.50, higher loads to 7. Heifers slow, cows 4.60 to 6.25, calves 6 to 7. Hogs receipts 550 with 160 to 190 lb butchers at 9, 250 lb hogs 8.50, heavy packers 7 to 7.35. Sheep 600 receipts, early quotations nominal.
Spokane market report shows cattle receipts at 76 with steady quotations, hogs receipts 341 with steady market, prime hogs 8.35 to 8.50, medium 8.10 to 8.25, heavies 5.95 to 7.50, fat pigs 7.35 to 7.85, stockers 7.50 to 7.75, sheep receipts 24 with no price change.
Portland market news shows cattle receipts 406 with steers up to 25 cents, calves 50 to 76 cents higher, with 100 weight downs. Hogs steady, lambs mostly steady. mounts Adams valley price ranges cited, with wethers aged over two years in the 4.50 to 7.50 range.
Denver July 17 hogs receipts 2700 with price gains of 15 to 25 cents top 7.75 for desirable 180 to 250 pound stock. sow and light pig prices steady to weak. Cattle receipts 500 calves none dull sale with small drops. cows and heifers around 6.75. Sheep receipts 1200 with no early sales and bids on fat lambs around 26 cents.
Mr and Mrs Mike Harlick welcomed a daughter Frances Elizabeth Wednesday afternoon at their home 3005 Harvard avenue. She joins two older brothers and both mother and baby are reported doing nicely.
Street residents report several weekend visits and dinners. W P Norris Jr from Peoria Illinois visited his aunt Mrs Norris of 2220 Walnut Street before leaving Sunday for Yellowstone Park. Mr and Mrs Bartley hosted a dinner for Mr and Mrs Oscar Berg and children. Mrs E Rosse and children went to Great Falls to visit relatives. Mrs William Rose of Philipsburg stayed with Mr and Mrs William Owsley at 1937 George Street. Edwin Koch of Missoula joined as a weekend guest. Mrs E M Whitter of Lewistown is a house guest of Mr and Mrs J F Cundy. Mrs C C Labner of Salt Lake City visits her mother Mrs Peter Bruin at 2644 Oregon Avenue. Mr and Mrs William Richardson entertained in honor of their niece Miss Muriel Ellsworth y of Spokane after a dinner and drive. Guests included Ms Muriel Ellsworth y, Miss Gladys Elliott, Miss Jeanette Richardson, Miss Marie Williams, Miss Mariel Ellsworth y, and several others. Mr and Mrs Martin and their two children of Moscow Idaho visit L F Pohndorf at 1815 Whitman Avenue. sisters Mrs Martin and Mrs Pohndorf also present.
Police raided a home in the 300 block East Galena Street uncovering a five gallon moonshine still and about 45 gallons of liquor stored in a basement. Chief Murphy and Detectives Rodda Gerry and Powell led the raid. an arrest is expected later.
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