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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jun 19, 1902
Page
13
Leaders of a bull campaign pushed stocks higher with broad participation across rails and industriais while Union Pacific and Illinois Central surged. The market faced pressure from soft coal and grain factors as the rally cooled, with bonds uneven and money markets quiet.
A fragmented column lists numerous railroad and railway related stocks with preferred shares and pricing notes. Entities include Chicago and North Western, Colorado Southern, Great Northern, Baltimore and Ohio, Canadian Pacific, Chesapeake and Ohio, Chicago and Alton, Delaware and Hudson, Denver and Rio Grande, Illinois Central, Lake Erie and Western, Louisville and Nashville, Mexican Central, National Railway of Mexico, New Jersey Central, New York Central, Norfolk and Western, and others with varying preferred stock designations and values. The text reads as an OCR noise-filled inventory of preferred issues and percentages rather than a cohesive narrative.
Money on call sits at 24.3 percent with steady demand for prime mercantile paper at 44.5 percent. Sterling exchange remains firm with bankers' bills at 4.87 for demand and 4.854 for 69 days. Com mercial bills around 4.84 to 4.85. Mexican dollars at 42.9 cents. Government bonds steady. state bonds inactive. railroad bonds uneven.
A heavy tin price drop abroad followed by a 5 point decline in New York and sharp copper breaks in London. London spot tin fell to £127 and futures to £121 ls, while New York spot closed 28.75 to 29.25 cents. Copper London spot dropped to £53 5s and futures to £55 lbs with local prices for standard, lake and electrolytic ranges reported. Lead and spelter held steady amid minor variations. iron unchanged and warrants nominal. English markets rose with Glasgow 54s 7d and Middlesboro 49%s 94. Bar silver at 52 c.
The Commercial Advertiser's London cablegram notes stocks improving and more active, West Australians waking up, and Americans quiet. Reading, New York with Illinois Central demand. copper fell to 62% and Rio Tinto to £44. Gold purchases reach £247,000 in bars. money rates unchanged with talk of bank discount rate cut after July dividends. Indian re sales of June shipments quickly absorbed due to scarcity.
In Chicago markets on June 18 corn price moves dominated as big traders pushed and pulled prices. July corn traded up then fell sharply while July wheat rose and oats declined. provisional gains of provisions followed. Shorts scrambled to cover as bulls pressed, large lots hit shorts, and a volatile, high activity day ensued.
Cash quotations show flour and wheat values with oats and flaxseed. Barrels and bushels of flour wheat corn oats barley and pork products listed alongside shipment totals and market notes in a compact price sheet style.
June 18 cattle receipts 18 000 including 500 Texans with varied quality prices. Hogs receipts 3 000 with projections 52 000 tomorrow and leftovers. steady to lower. Sheep receipts 18 000 with lambs and wethers pricing from 4.50 to 7.50 tops.
Cattle receipts 35 000 with best steady and low er bids native steers 4.65 to 7.60 cows and heifers 3.75 to 5.80 western steers 4.60 to 5.70 exas steers 4.30 to 5.40 canners 1.50 to 3.25 stockers and feeders 2.40 to 4.85 calves 3.76 to 6.50 bulls stags 2.75. Hogs receipts 10 000 market weak heavy 7.35 to 7.50 mixed 7.15 to 7.25 light 7.0 to 7.25 pigs 6 to 7.25 bulk 6.25 to 7.50. Sheep receipts 3 900 market steady fed muttons 4.50 to 5.25 westerns 4.0 to 4.75 ewes 3.50 to 4.75 common and stockers 3 to 4.10 lambs 4.95 to 7.77.
Kansas City livestock market report lists cattle receipts at 5 00 with 1500 Texas entries, steady. native calves and cows prices noted. Hog receipts 7000, market steady to lower with packers paying around 7.24 to 7.30, higher for heavy hogs. Sheep receipts 3000, market strong with muttons around 4.45 to 5.35 and lambs 4.50 to 7.00.
London June 18. Consols for money 9 7 16, consols for account 96 11 16. American stocks include Atchison 844, Atchison preferred 108 4, Baltimore and Ohio 109, Canadian Pacific 140 4, Southern Pacific 66 4, Union Pacific 108, Union Pacific preferred 1, United States Steel 39 1, 4, bar silver 247 16d per ounce. Money 2% per cent.
Washington report for June 18 presents a treasury statement with an available cash balance of 200,024,201 dollars and gold holdings totaling 95,282,372 dollars.
A London Chronicle piece argues bananas have not yet won full status among vegetarians and foresees a surge of banana based dishes. An Midlands enthusiast recently returned from South America with a vast banana recipe collection promising widespread banana cuisine from breakfast to dinner.
Classified items list several Butte businesses and services. An experienced male nurse is sought for St James hospital. Also notices for iron and metal buyers, second hand bicycle, and assayers in Butte mention addresses and contact notes. Includes Pacific Coast Iron & Metal Co. 228 E Platinum St and others.
Classified notices list cheap frame houses for sale on multiple city sides and vacant lots in Butte. Ranch and farm properties in Bitter Root, Missoula, Ravalli, and Stevensville areas are advertised with prices and terms. Also featured are furniture dealers moving to a bigger store, second-hand goods buyers, and an ear, nose, and throat physician with affordable terms.
The article explores banana uses from fiber and ink to food and drinks and notes a Chicago bakery turning out banana bread. It discusses lofty nutritive claims, a coster driven West Indian banana forcing house, and a crowded trade with profit potential.
Advertisements list elegant furnished rooms in multiple Butte locations with rates from $8 to $25 monthly. Properties include Rice House 108 W Quartz, Moater Block 55 East Park, Stevens Block Park and Montana, Oxford Hotel Corner Silver Main, Barnard Block 17 W Granite, Harriett House 432 S Main, Durston Block, and 4 W Galena with steam heat electric lights free baths and dining rooms in connection.
Local notices list varied names in a short item about readings and results. The fragment mentions Mazie Palmist and Buttle among readers.
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