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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jun 14, 1922
Page
12
Wheat closes steady with gains after a session in which prices bounced from a seven cent drop from last week’s high. Italy bought while Britain canceled purchases as harvests near in the domestic winter crop, with corn and oats slipping and hog prices aiding weaker provisions.
Stock market recovers modestly from the prior day’s lows with rails leading gains amid stabilized mood. Early trading saw heavy liquidation and margin cuts, while later activity steadied as banks reportedly back a conservative stance to curb reckless speculation.
New York market shows butter prices at 31 to 39 percent for extras and firsts, with stock numbers and current make noted. Eggs in Chicago fall, with creamery extras at 34 and firsts near 30 cents, along with various storage and miscellaneous prices for eggs and poultry offerings.
On June 13 in Minneapolis cash wheat No. 1 northern quoted at 1.38 to 1.47 for July 1.31 for July and 1.18 for September. Decker at 1.20. Corn No. 3 yellow 0.52. oats No. 3 white 0.04 to 0.04. barley 0.44 to 0.55. rye No. 2 0.83. flax No. 1 2.28 to 2.30.
Standard copper spot trades at £61 2s 6d while electrolytic copper reaches £69. Tin stands at £150 7s 6d, lead £24 106s, and zinc £28.
L N Kaster a 2 veteran of the Civil War, stopped in Cleveland on his way from Dayton to Washington to plead his case for a pension denied he by records mixup. He travels about 25 miles daily, served with Company B First South Dakota infantry, and aims to present his claim to the president in person.
After an initial rise of one to five points, the market faced a broad downturn as insiders cited ongoing over-speculation and internal factors. Kennecott Copper held, while weak spots included Davison Chemical and Pan American. rails remained steady with buying in progress.
Cattle receipts 12000 with steers steady to weak and calves 25 to 50 cents lower. hogs 18000 with open slow then active near steady and prices 10.30 to 10.35 for 160 to 240 pound weights. sheep 10000 with native lambs 50 cents lower and ewes steady. Top native lambs 13.10, better grade 12.50 to 12.75. Community market report from United States Bureau of Markets.
Cattle receipts around 10 000 with fair activity. Beef steers show strength at the top with prices up to 9 50 while bulk trades run 8 35 to 9 10. Heifers, bulls and stockers steady as veal calves move modestly.
Portland June 13 cattle weak with grass fed below hay fed. Receipts 81 head. choice hay fed steers 8.25 to 8.75. grass fed 6.75 to 8.25. cows and heifers 4.50 to 6.50. Hogs receipts 479. top 25 lower. prime light 11.75 to 12. heavy 230-300 pounds 11 to 11.75. 300+ pounds 10 to 11. feeder pigs 11.75 to 12. Sheep steady. lambs 7 to 9.5, wethers 6 to 6.75.
Hog receipts 12 000 active and fully steady with bulk prices for 180 to 240 pound hogs 10.10 to 10.20 and top 10.30. Heavy 250 to 325 pound hogs 9.80 to 10.10. Cattle receipts 6 500 better beef steers up 10 15 cents with top beeves at 9.25 and stockers firm to higher. Sheep receipts 7 000 killing classes 25 cents lower with spring lambs up to 13.65 and best wethers around 7.50 while ewes bring about 5.50.
Associated Press reports cattle receipts at 65 and hog receipts at 7 with the market steady. Prime steers bring 7.25 to 7.50, prime lambs 7 to 8, and best mutton 3 to 6. Stockers and feeders and veal calves show varied prices across grades.
Cattle receipts total 2 500 with market slow yet generally steady. Beef steers bring 7 8.75, bulk 7 0 8 50. Cows and heifers 4 25 6 75, canners and cutters 2 50 3 75. Hogs receipts 8 500, fairly active and steady to 10c lower, range 8 10 9 25, bulk 9 50 10 25. Sheep 200, market slow with early sales around 25c lower.
Denver cattle receipts reach 2600 with steady to lower prices. Beef steers bring 7.55 to 8. a14 cows and heifers 5 to 8.25 calves 8.11 stockers 6 to 7.40. Hogs receipts 2500 with 1 5 to 20 cent drop. top 10.00, bulk 9.55 to 9.90. Sheep no receipts. ewes 5 to 6, spring lambs 12 to 13.
Foreign bar silver stands at 7 24 cents with Mexican dollars at 55 percent of value. London quotes bar silver 35 percent per ounce and discount rates for short bills at 2 7 16 percent and three month bills at 2 percent.
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