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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jun 19, 1928
Page
14
Wheat markets faced a broad downturn as persistent selling and favorable spring weather dampened prices. Liverpool and Canadian supply shifts pressured futures, with exports remaining fair at about 700,000 bushels. Corn and oats followed wheat lower, while hog-related provisions edged higher amid mixed cash quotes.
Closing quotations on bonds at the New York Stock Exchange and Portland market show varied yields. The text includes United North Pacific and South Pacific issues with notes on first and last prices, reflecting a broad Montana bond list context.
Chicago market notes firm poultry prices with receipts seven cars showing fowls 23c springs 38c Leghorn springs 31c broilers 26 30c spring ducks 20 26c spring geese 22c London metals report copper spot and futures quoted at £63 12 6d electrolytic £69 futures £69 5s tin spot £216 10s futures £214 lead spot £20 17s 6d futures £21 2s 6d.
The Associated Press reports a distinctly weak stock market with U S Steel and many industrials hitting new yearly lows. Trading was slow at open, then sank as Florida banks closed and Banditary stock fell, fueling broad bear selling and stop losses.
United States Department of Agriculture report from Omaha on June 18 shows cattle receipts 5,500 and calves 500, with killing classes up 25 cents. Veals and calves steady while stockers and feeders scarce. Hogs receipts 8,000 with prices up 10 to 25 cents. Sheep receipts 4,000 with all classes steady and fat lambs and ewes priced.
United States Department of Agriculture notes cattle receipts at 2600 with active yearlings and mixed heifers top at 13.75 while cows rise up to 15 cents. hog receipts at 1600 with top price 10.00 for 220 to 250 pounds. lambs and sheep 3700 received with Idaho and Oregon lots and prospects around steady.
Seattle and Chicago market reports show cattle hogs and sheep trading with steady to higher ranges. Prices cover steers heifers cows bulls calves and pigs with regional variations and receipts listed for June 18.
Cattle receipts 5 700 opening slow with losses up to 25 cents on most killing classes. Top yearlings 13 50 and bulk 12 00 to 13 25. stockers and feeders steady to weak. Hogs receipts 12 000 opening strong to 15 cents higher on lights and butchers. packers at 9 60. sows 8 60 to 8 75. Sheep receipts 200 late with Lambs around 15.00 and culls down to 2 50. yearlings 10 50 to 12 00.
The cattle market opened fairly active with 1 915 cattle and 225 calves, steers cows and heifers steady. Prices ranged from 11.25 to 12.50 for good steers and up to 9.00 for better cows, with select hogs at 11.00 and feeders at 10.00, while sheep showed 1 245 head with lambs at 13.00 and steady overall.
Potatoes receipts and shipments reported with mixed activity as Triumphs rise to 1.65 to 1.75 and Irish Cobblers reach 2.50 to 2.60 in strong markets, while Wisconsin round whites trade around 0.85 to 0.95 and old stock moves slowly. Foreign exchange and metals prices listed with varied international rates and commodity quotes.
A motivational reflection urges readers to summon determination and stamina to overcome barriers within themselves. It argues fear and self-doubt hold back capacity, urging individuals to push to their limits to unlock greater potential.
A conference on race betterment discusses how health and early illness spur effort. Dr Irving Fisher notes health concerns inspired his studies at Yale, while Theodore Roosevelt’s college years show a sickly youth can push for extra effort. The piece argues handicap creates a margin of effort beyond the ordinary.
New York June 18 refined sugar withdrawals were a little more liberal but new buying did not improve. Prices stayed at 6.05 to 6.19 cents for fine granulated. Futures closed firm with about 66,100 tons sold: July 2.55, September 2.67, December 2.76, March 2.68, May 2.75 cents.
Butter receipts totaled 21 470 tubs with creamery extras selling around 43 cents for standards and 42 cents for extras. Firsts reached 40 40 2 cents and seconds 37 739 cents. Eggs receipts were 34 260 cases with firsts at about 28 928 cents, ordinary firsts 26 27 2 cents, and storage packed extras 30 4 cents.
New York stocks sagged with a broad selling wave as oils and copper issues faced heavy liquidation. Limited rallies in specialty favorites failed, as leaders U S Steel and General Motors dragged values lower amid afternoon pressure.
Chicago reports weakness in wheat due to bearish Canac news and heavy cables. Wheat rally fades as visible supply falls 3 319 000 bushels while Canadian terminal stocks rise. Corn bears pressure with July showing slight strength on local support amid house selling. Oats and rye follow softer trading with reduced deferred demand and light cash activity. Weather remains favorable, dampening deferred positions and buying interest.
Bar silver quoted in New York at 57 1 2 cents per pennyweight and Mexican dollars at 45 1 2 cents, reflecting market steadiness on June 18.
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