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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jun 20, 1922
Page
12
Wheat prices close heavy with July at 1.10 and September at 1.55, corn down and oats steady. Heavy arrivals, broad harvest progress in Illinois Nebraska and Missouri, and a larger old-crop carryover weigh on values. visible supply expands and traders stay cautious.
Trading at the New York Stock Exchange remained largely unchanged from recent unsettled moves as volume stayed light at 735 000 shares. Mexican petroleum jumped to a new peak while other major issues saw modest gains then eased, and money remained easy with rates near 3 percent slipping to 2 1/2 percent.
S J Covey trustee of the California Texas Oil company No 2 says major oil firms are scouting the Bosque structure. He notes progress on their 7000 acre block with a well under test and expects lease values to rise as depth increases.
The Heilbronner market report notes steady opening with bearish bias yet gains led by Mexican Petroleum rising to 163. Other pools show short-covering strength. Moody cites political risk as a driver of declines. copper and rail stocks attract buyers. Highlights include Marland Oil new well in Oklahoma, United Verde Extension dividend schedule, and the Lelands seeking reentry into autos and East banking support.
Cattle receipts 23 000 with beef steers and stockers steady to weak. top beef steers $9.75, bulk $8.25 to $9.15. Hogs receipts 55 000 with opening slow but later active. top $10.80, bulk $10.10 to $10.70. Sheep receipts 14 000 steady to strong. Idaho lambs at 12.85, natives up to 12.50, 87 pound yearlings 11, Texas fed lambs around 50 to 50.
Portland reports weak cattle demand with receipts 1,214 and varied prices for steers, cows, calves and feeders. Spokane shows steady cattle and hog markets with moderate ranges for lambs, yearlings, and sheep, reflecting mixed seasonal demand.
Cattle receipts 5300 slow uneven with grass cattle down 25 to 50 cents. top beef steers 6.25 to 8.75, bulk 7 to 8.25. hog receipts 11000 unevenly steady to 25 cents lower, prices 8.50 to 10.25, bulk 9.50 to 10.25. sheep receipts 200 mostly steady, top lambs 11.50, native ewes 2.50.
Omaha reports 12 000 hogs with slow trade and declines to 15 25 cents. Bulk 180 to 240 pound hogs priced 10 15 to 10 30 with top 10 40. 250 to 325 pound hogs 9 75 to 10 10. packing grades 9 00 to 9 65. Cattle receipts 9 700 with steers 10 to 20 cents lower, tops 9 25. heifers weaker. stockers minorly down. Lambs 4 200 sheep yearlings firm to higher, Idaho lambs at 12 12.50, best natives 12, top sheep and feeders 4 27.
Butter prices drift lower with creamery extras at 35 cents and standards at 35. Eggs receipts reach 42,479 cases with various grade prices including firsts at 22 to 22 1/2 cents and storage packed firsts at 23 1/2 cents.
The day is doubtful with Venus in a evil aspect. Employment prospects look good in the morning and letters seeking support may prosper. The president may be pleased by a diplomatic step. The day forecasts risks for actors stock traders and wedding bliss with cautious romance. Mexico-USA links loom promising.
Chicago June 19 Potatoes steady receipts 154 cars total US shipments 1146 cars Alabama Louisiana Oklahoma sacked Bliss Triumphs prices 2.50 2.75 per hundredweight North Carolina Irish cobblers 4.50 4.75 Norfolk Irish cobblers No 1 best 4.75 5 Wisconsin Michigan sacked round whites 1.75 2 Idaho sacked rurals 2.50 per hundredweight Idaho russets 2.40 2.75 per hundredweight
Market notes from Minneapolis Grain Exchange show cash bids for northern wheat at 1.34 to 1.32 per bushel with nearby months. Corn No 3 yellow around 53 cents, oats No 3 white about 31 cents, barley near 45 cents, rye No 2 about 83 cents, flax No 1 around 2.45, and wheat prices listed.
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