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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jun 26, 1923
Page
10
Indications of farmholding policy lifted the bull side in the wheat market as prices closed firmer. September and December wheat advanced while corn and oats showed mixed gains. hog futures weakened provisions. Export activity and early harvest reports influenced moves amid light country offerings and seasonal weather signals.
Professional bear traders drove sharp declines on June 25 with standard industrials off 1 to 5 points and major issues hitting year lows. Stude baker Chandler and Pierce Arrow preferred led losses, while United States Steel and American Can slid as selling intensified on unconfirmed price-cut rumors and higher call money.
Irregular yesterday's stock list saw many issues fall sharply with no clear news. Bearish floor traders and dwindling outside buying contributed to losses while technicals remained firmer overall. Miami Copper declared a 50 cent quarterly dividend payable Aug 15 to stockholders of record Aug 1.
Cattle receipts totaling 8500 head show beef steers and he stock trading 15 to 25 cents lower. Top matured steers around 10.50 with bulk 9.25 to 10.25. Cows and heifers steady to lower. canners and cutters 2.50 to 4. Bulls and veals near steady. veals up to 10.25. Sheep receipts 6500 with lambs 25 to 50 cents lower. best Idaho lambs 15, bulk natives 14 to 14.75, ewes 3.50 to 5.25.
U S Department of Agriculture report from Kansas City on June 25 shows cattle receipts at 20000 with calves at 2000 and limited early trading. Steers and yearlings were mostly steady to 25 cents lower. top steer prices around 10 25 with practical top above 11, yearlings about 7 85 to 9 75. Fat cattle and cows mixed. calves 60 cents lower. hogs down about 6 cents with packing top near 7 05 and most sales 6 85 to 7 05. sheep receipts 800 with lambs slow and 25 to 60 cent drop. natives around 14 50 and Texas wethers about 7 75.
South St. Paul June 25 cattle receipts 4000 slow with better killing cattle offerings nearly steady others weak to 25 cents lower best fat beeves early at 9.75, bulk fed grain 8.50 to 9, grassers to 6, grass fat cows 4.50 to 5.50, heifers 5 to 7, few dry fed up to 9. Calves receipts 1800 about 50 cents lower, best lights 8 to 8.50. Hogs receipts 12000 slow weak to lower, best 160 to 225 lb to shippers 6.75, packer hogs 6.50, sows 5.75 to 6, rough packers down to 5, bulk pigs 6.25. Sheep receipts 100 steady, best fat lambs 14.50, ewes 5.50.
CHICAGO June 25 Hogs receipts 6400 around 10 to 15c lower bulk desirable 150 to 300 pound averages 7.15 7.30 top 7.35 some held higher packing sows 6 6.35 pigs around steady. Cattle receipts 23000 very slow killing quality plain many light grassy steers water fills liberal bidding 15 to 25 lower on most killing classes beef steers 9.25 10.50 bulls 4.65 down packers bidding around 9 on desirable vealers 10 to outside stockers and feeders scarce about steady. Sheep receipts 1100 best fat lambs firm others slow around steady top 15.50 city butchers bulk 14.50 15 culls mostly 8.50 9 sheep steady.
In Portland on June 25 cattle and hogs posted gains while sheep held steady. Receipts totaled 2,710 cattle, 2,682 hogs, and 2,964 sheep with price ranges reflecting quality from common to prime. Top cattle prices reached 7.75 to 8.35 for choice steers and 6.60 for best heifers, hogs saw primes from 8.25 to 8.50 per cwt, while lambs topped around 11.00.
New York on June 25 shows call money strong at 6 percent with 6 percent closing bid and 6 percent offered. Call loans against acceptances at 4 percent. Time loans steady to mixed collateral 60 to 90 days at 4 5 percent and 4 to 6 months at 5 percent. Prime mercantile paper quoted at 5 percent.
Copper steady at 15e spot and futures. Tin firmer with spot unknown and nearby at 40.87, futures 40.37. Iron steady with No 1 northern 29. No 2 northern 28.50 to 29, No 2 southern 26. Zinc quiet with Fast St Louis spot and nearby at 5.77. Antimony spot 6.99 to 7.00.
New York, June 25. Foreign exchange rates listed in cents show irregular demand and varied cable and bank bill quotes. Major rates include Great Britain 4.6119 demand and 4.615% cable, France 6.18 demand, Italy 4.45 demand, Belgium 6.28 demand, Germany 0.0008% demand, Holland 39.17 demand, Argentina 35.62 demand, Brazil 10.85 demand, and Montreal 97%.
Siou x City market notes cattle receipts about 3000 with prices mostly lower across categories. Hogs receipts around 10000 with prices 10 to 15 cents lower. top near 6.90 with most between 6.25 and 8.25. Sheep receipts 100 with steady market.
June 25 Spokane market report shows cattle receipts at 522 with steady demand. Prime steers bring 7.75 to 7.75, cows and heifers 5.50 to 6.50, veal calves 6 to 8.50, stockers 4 to 5.50. Hogs receipts 253 steady with prime mixed 7.75 to 8.10, fat pigs 7.50 to 7.75, stockers 7 to 7.50. Sheep receipts none, prime lambs 11 to 12, yearlings 8 to 9. Wethers 7.5 to 8, ewes 3.5 to 6.
London market notes Standard copper at 65 pounds 15s 6d spot and 66 7s 6d futures electrolytic 72 10s spot and 73 futures Tin spot 188 17s 6d futures 189 10s Lead spot 25 2s 6d futures 24 7s 6d Zinc spot 28 10s futures 28 15s.
Omaha June 25 hog receipts reach 10 000 with uneven demand and prices mostly 15 to 20 cents higher at midweek trading, buyers cautious while sellers hold firm on leaner lots and prime weights.
Denver cattle receipts reach 800 with higher values across beef steers at 7.50 to 10.60, cows and heifers 7.05 to 8.50, calves 7 to 10.50, stockers 6 to 7.50, hogs 709 received with top at 7.36 and 7.25 bulk, sheep receipts none with lambs 13.50 to 14.50 and wethers 4 to 5.65.
London reports bar silver at 35% pence per ounce and a 1% money rate. New York lists foreign bar silver at 64 1-2 cents per ounce and Mexican dollars at 48 1-2 cents.
Readers urged to treat stubborn coughs promptly with Foley's Honey and Tar to prevent complications. John J Healy of Pittsfield Mass reports no coughing since use. The product claims relief for coughs colds croup asthma bronchitis and hay fever and notes it contains no opiates. Paxson Rockefeller markets the medicine as the world’s largest selling cough remedy.
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