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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jun 28, 1928
Page
12
Wheat prices eased from early gains amid light demand and reports of ideal spring weather. North American export lag and 200 plus railcar arrivals weighed, while corn and oats moved modestly. government pig survey lifted provisions and Minnesota cash quotes showed varied values across grades.
Minneapolis June 27 flour unchanged shipments 30 129 barrels bran 29 50 per ton or per unit not clearly stated. The brief note records current prices and shipment figures for flour and bran in the local market.
The following are the closing quotations on bonds at the New York Stock Exchange today.
In Boston a clerk reports that less than one in ten men can state his waist measurement, highlighting widespread unfamiliarity with basic sizing.
An impressive stock rally shaded by a call money rate of 7 percent the highest in seven years. Volume topped 2,000,000 shares with gains across industrials rails and specialties led by General Motors and Greene Cananea.
On June 27 in New York foreign exchanges were easy with quotes in cents. Great Britain demand $4.87, cables $4.872, 60 day bills $4.83. France demand 3.93, Italy demand 5.25, Belgium 13.96, Germany 23.88.
New York call money remains strong with bids at 7 percent high and 7 percent low, ruling rate at 7 1/4 percent. Time loans firm with 60 to 90 days at 5 1/2 percent and 4 to 6 months at 5 percent, prime mercantile paper at 4 percent. Bankers acceptances unchanged.
Bremerhaven reports the new sea flying port of Blexen across the Weser river will commence daily service on July 15 to Heligoland. If successful, plans call for sea plane routes to additional North Sea resorts.
United States Department of Agriculture reports brisk receipts across Chicago South St. Paul and Denver. Hog prices mostly lower with top at 10.90 for choice 200 to 250 pounds. Cattle across regions higher with steers and yearlings up 25 cents. Sheep fat lambs uneven with some declines.
Fragments from Alfred Tennyson evoke splendor on walls and distant summits. The speaker calls to a bugle to send echoes across lakes and cliffs, praising dying echoes and Elfland horns. The poem dwells on love, sky, and enduring echoes that travel soul to soul.
In New York copper remains firm with electrolytic spot and futures holding around 14 percent. Tin, lead, zinc, and antimony show slight moves with spot and futures quoted in cents per pound. London prices follow: copper £63 2s 6d spot and futures near £69, tin £212 spot, lead £20 12s 6d, zinc £25 7s 6d spot, £25 5s futures.
Cattle receipts total 6000 with calves and feeders. prices mostly up to 15 cents higher for fed steers and yearlings, with beef cows and cutters weaker. Hogs receipts 15000, prices 25 cents lower. top at 10.15 and loads 9.75 to 10.10. Sheep receipts 9000 with lambs and yearlings down 25 to 50 cents. ranges for lambs 16 to 16.25 and feeders up to 13.25 for range feeders.
Hog receipts 380, prices down 25 cents. Light butchers sell 11 to 11.25, most 11.25. Overweights and underweights 10.75 to 9.50. Few feeders around 10. Sheep not trading early. ewes 0.50 lower, medium light ewes around 3, good weights 4.50, choice lights not present, up to 5 estimated.
American Power and Light Company 5 percent Series A preferred was quoted on the New York curb yesterday at 80 82 4/4.
In Spokane Washington on June 27 cattle receipts 299 steady hogs receipts 900 good and choice 11 to 11.25 light heavies 10.50 to 10.75 medium heavies 10 to 10.25 heavies not fully listed. The report notes strong demand and standard valuations for the period.
In New York on June 27 bar silver quoted at 60's with Mexican dollars at 46'2 cents. Market notes indicate varying demand for precious metals and bullion trading activity across the session.
New York June 27 refined sugar market shows a 10 point advance by all refiners with fine granulated at 5 90c. Trade remains light as buyers cover near term needs at yesterday's 5 80c basis.
Chicago market bulletin lists butter receipts 8,982 tubs with various grades from 42 to 43 1/2 cents and egg receipts 9,370 cases with firsts around 28 to 30 cents, including storage packed firsts at 30 cents.
USDA reports slow trading as receipts reach 95 train cars with 338 total U S shipments. Prices vary by variety and region with Bliss Triumphs around 1.60 to 1.40, North Carolina Irish Cobblers 2.00 to 2.30, and Virginia Irish Cobblers around 2.60 per barrel.
Chicago market report shows poultry alive firm receipts four cars with fowls at 25 cents and springs 34 cents. broilers 29 cents. ducks 20 to 26 cents. geese 22 cents. Eggs lower with 9,370 cases received. firsts 28.28 cents and ordinary firsts 26.5 cents.
Bank deposits in Turkey total about 20 million dollars, while Anatolian peasants and breeders, who form the majority, are believed to have hidden away about 25 million dollars in Turkish paper money and substantial foreign gold.
The Peruvian government awarded three air mail and freight franchises including an American company already operating cotton-dusting flights between Peru and the United States. The report also lists livestock price ranges with hogs, pigs, feeders, and sheep receipts at 144, steady.
Seattle market reports cattle hogs and sheep steady with receipts totaling 70 hogs and ongoing sales. Buyers and sellers monitor demand as livestock categories hold previous price levels.
Negotiations are under way for a Balkan railroad from Durazzo to Constantinople via Italy. The line would cut travel time between England and Constantinople and boost trade across Eastern and Western Europe with Italian Turkish Albanian and Greek financiers showing interest.
New York stocks rallied as a general oversold condition eased with call money at 7 percent. Copper and oil shares led gains on solid carload data as General Motors and United States Steel traded higher aided by optimistic second quarter earnings. Radio and some retailers sagged late after a strong session.
Chicago June 27 Wheat weather conditions in the southwest give weak prop for bulls as late trade is wet despite rains in Kansas and Oklahoma. Canadian news weighs, exports slow, Winnipeg receipts heavy, Pacific coast output down, old crop moderate. Corn bears stubborn but bulls support. cash basis steady to firm with 10 000 bushels sold. demand good and country sales small. Rye trade light, market steady to heavy. warm weather would aid crops.
Dayton reporters note that live trout fingerlings were released into local streams after a speedy air shipment from Northville Michigan. Two tins containing the fish arrived by air and were distributed to support stream stocking in the Wright aeronautical district.
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