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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jun 27, 1928
Page
14
Rain delays harvests in Kansas and Oklahoma and hail harms Nebraska crops boosting Chicago wheat futures. Corn gains follow, with exports in view and shrinking world wheat stocks. oats and provisions show modest moves as market nerves persist. Minneapolis cash bids reflect mixed demand and strong northern grades.
New York June 26 refined sugar market lists fine granulated at 5.80 cents, down from yesterday by 0.10, with an announced advance to 5.90 cents tomorrow. At 5.80 cents, demand was reported stronger.
Minneapolis June 26 Flour 10c lower in carload lots with family patents quoted at 8.00 to 8.10 a barrel in 98 pound sacks. Shipments 39,985 barrels Bran priced at 29.50 to 30.00.
Butter prices unchanged with receipts of 19 729 barrels. Eggs decline with receipts of 22 199 cases showing firsts at 28 28.2 cents and ordinary firsts at 27 27.5 cents, storage packed firsts at 30 cents.
New York stock market shows strength after Anaconda raises annual dividend by 1.00 and copper shares jump. Gains appear across active rails and specialties while volume rises 50 percent to 1.41 million shares. St. Paul and Texas & Pacific also move on favorable earnings and price peaks.
United States Department of Agriculture notes cattle receipts 9 500 and calves 500 with varying demand. Hogs receipts 16 000 show slow trade with top 10 40 and ranges from 8 50 to 10 35. Sheep receipts 5 000 report lambs higher and best fat ewes at 6 75 with a top around 16 50 across categories.
United States Department of Agriculture hog receipts reach 2000 with slow, mostly weak to one dollar lower prices. Top hog price 11.05 for 200–270 lb. cattle receipts 7000 with calves 3000. yearlings and fat cows show 25 cent gains, top steer and yearling 14.90, fed yearlings 13.25 to 14.85, cows 7.25 to 12, vealers 12. The sheep market sees 8000 fat lambs active, lambs 15.75 to 17.15, mids 14.25 to 15.75, feeder lambs 12.75 to 13.50.
United States Department of Agriculture reports Monday cattle receipts at 1300 with calves up to 12.50 and bulls firmer, hog receipts 4500 unevenly steady to 25 cents lower, porkers around 10.00 to 10.25 and sows near 9. Pairs of lambs and sheep receipts 200 with better classes at 15.75 and culls about 10.50. fat weights 4,650 reported.
Nashville Tennessee reports that circus performer Irma Ward, renowned aerialist, fell from a high perch after stepping into a rut and suffered a broken wrist while taking a bow after a show.
Receipts show 1,100 sheep with fat lambs demanding 23 to 50 cents more than the fat range, natives at 74 to 86 pounds priced around 14 to 15.60, and yearlings near 59 pounds at 11. Pigs and sows posted varied quotes from 8.50 to 10.25 for serum pigs up to 10.45 for others. Ewes listed 39 to 153 pounds at 6.00.
New York reports call money strong with rates near 7 percent high and 6 1/2 percent low. Ruling rate 6 1/2 to 7. Closing bids touch 7. Time loans steady for 60 to 90 days and five percent for 4 to 6 months. Prime mercantile paper at 4 percent. Bankers acceptances unchanged.
Chicago reports 145 carloads received with 343 on track and total U S shipments at 678 cars. Market remains weak with new stock trading light. Prices show slight gains for some categories. Norfolk and Wisconsin rounds noted, Irish cobblers around 2 30, Virginia barrels 2 65, Idaho russets 85 cents.
London market notes June 2 show copper spot £62 17s 6d futures £69 electrolytic £68 10s tin spot £208 5s futures £205 15s lead spot £20 10s futures £20 12s 6d zinc spot £25 2s 6d futures £25.
Copper firm in spot and futures. Tin steady with spot around 46.00 to 46.12. Iron quiet. Lead steady with spot pricing at 6.30c in New York and 6.15c in East St. Louis. Zinc firm with East St. Louis spot 6.20 to 6.25c and futures 6.22 to 6.27c. Antimony at 9.50c.
Cattle receipts 15 with no early trading. Hogs 105 receipts slow with no car lots sold early few drives and prices steady with light butchers 11.25 and feeders 10.00. Sheep receipts 505 with no early trading and a few choice valley lambs at 13.00.
The market shows mixed quotations in cents with Great Britain at $4.87 1/16 for demand and $4.8711 16 for cables, 60 day bills on banks at $4.83 13 16, France at 3.93 for demand and cables, Italy at 5.25 and 0.70 for me 2 0.70, Belgium at 13.96 and Germany at 23.88 4.
SPOKANE June 26 cattle receipts 71 with steers and heifers in good to high ranges, hog receipts 289 with multiple quality classes, fat pigs and feeders listed, sheep receipts 12 with steady to unchanged tone.
Seattle market notes show cattle steady with 387 receipts hogs up with 304 receipts prime lights 11.35 to 11.50 smooth heavies 9.35 to 10.50 heavies 8.35 to 9.50 pigs 9.35 to 10.50 with sheep steady and 245 receipts.
Alive hens firm balance steady receipts nine cars with fowls at 25 cents, springs at 32 cents, broilers 29 cents, spring ducks 20 to 26 cents, and spring geese 22 cents.
The American theater presents Vamping Venus a lively screen comedy that provokes continuous laughter while offering grand eye catching views of ancient Greece. Jimmie Chatham, popular vocalist, is held over for the rest of the week with a new program. Charles Lavall adds fresh entertainment on the Wurlitzer.
George Bancroft plays a fearless detective lieutenant battling organized crooks in a city district. William Powell appears as gang leader Frank Trent while Fred Kohler runs the crook cafe and Leslie Fenton plays Shakespeare the literary detective in the Paramount melodrama.
Cattle an 800 head and calves 150 bulls and fat cows dull with downward trend for wealers. Bulls at 8.75, odd cows down, best to 16.50, yearlings mostly steady around 14. Heifers 11.50 to 13.60, mixed yearlings 12.95 to 13.75, six loads older steers 13, dairy bred 11.25. Hogs receipts 1,300 with direct loads. most steady, spots 50 to 100 lower, top 10.50 for 190 to 220 pounds.
England shows interest in a report that a new two seater automobile selling for 250 dollars has appeared in America. The item draws attention as a low cost lightweight vehicle for mass markets.
New York on June 26 reports bar silver at 60 cents per ounce and Mexican dollars at 46 and one half cents each.
New York June 2 CJ money advanced to 7 percent yet the market remained temporarily oversold with rallies led by oils rails and copper shares. Domestic oil production fell sharply from last week boosting petroleum stocks while Anaconda dividend raise to 4 dollars spurred copper gains. May railroad earnings impressed, Missouri Pacific improving year over year. Delaware and Hudson rose on hints of future extra disbursements. International Combustion Radio motors and step shares also advanced.
Weather in the Southwest remains unfavorable with forecast rains, easing early gains but allowing further declines. Declines accompanied by commission house buying and shorts covering. foreign crops seen as fair to light export. World supplies fall 8,256,000 bushels weekly per Bradstreet, North American and Canadian belts dampen trade, while corn shows strength and oats trade little.
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