Market Digest Signals June Confidence Amid Bank Fallout
New York June 29 stock moves show professional traders lifting prices while awaiting easier money next week due to dividend payments. Bonds shift, United States refunding 2s climbs, and rail names like Lilinola Central St Paul Rock Island rise as broad gains appear in a quiet close.
MENTIONED IN THIS ARTICLE
New York
Stock Exchange House
Lilinola Central
St. Paul
Rock Island
Seventh National Bank
United States
Pacific Banks See Large Cash Shifts Amid National Bank Failures
The New York Financial section reports a $16,474,000 drop in loans and a $2.7 million cash decline as Seventh National Bank troubles ripple through the system. Sub treasury receipts and a government payment by Chicago & Northwestern affected cash flow, with dividends over $100 million due to move funds this week.
MENTIONED IN THIS ARTICLE
New York
Seventh National Bank
Sub-Treasury
Treasury
Chicago & Northwestern
Alaska
London financial tone steady as American stocks gain
New York reports a firm tone on the stock exchange with limited business and good buying of American issues such as Atchison Denver & Rio Grande Erie Southern Pacific and United States Steel. Confidence appears restored though money remains tight at previous rates.
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New York
London Financial
The
Stock Exchange
Atchison, Denver & Rio Grande
Erie
Southern Pacific
United States Steel
Financial Markets Summary New York June 2
Close money on call at 5 percent. Prime mercantile paper 4.5 percent. Sterling exchange nominal with actual business in bankers bills at 4.87% for demand and 4.55 for days. Posted rates 4.85 to 4.86. Commercial bills 4.84. Silver certificates 60 cents. Mexican dollars noted. Government bonds strong.
MENTIONED IN THIS ARTICLE
New York
Prime Mercantile
Sterling Exchange
Metal market steady as demand remains light
New York on June 2 reports a quiet metal market with light orders and hand to mouth local demand. Variations in values were nominal with limited overseas activity. pig iron warrants quoted at 9.01 to 10, northern foundry 14.29 to 15.25, southern foundry 13.78 to 15.25, soft southern 12.70 to 15.25. Copper lake and Vic casting at 146 percent, bar silver at 94 cents.
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New York
Northern Foundry
Southern Foundry
Soft Southern
Lake
Vic
Wheat market muted with mixed futures and firm corn
Chicago prods report a quiet wheat session with small opening offers and a late rally, September futures easing then stronger on hot Southwest weather. Corn stayed firm, oats rose with corn, provisions supported by commission house buying as cash flour prices remained dull.
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Chicago
Market Prices And Receipts From Chicago Livestock Volume
Cattle receipts 200. Prices range good to prime at 4.50 to 6.50 for steers and 2.70 to 4.75 for cows. Hogs steady to strong with top at 6.25. lambs 8.50 to 14.25. Wheat corn oats rye bar readings and receipts listed. heavy detail includes No 2 yellow 48c and No 2 corn 43%4c.
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Chicago
Texas Fed
Texas Grassers
Texas Bulls
Market summary: London bonds and stocks drift
London shares and bonds edged softly with little change as Atchison 91 percent and Union Pacific preferred showed figures, Northern Pacific preferred at 98, Grand Trunk 10, Anaconda 9 percent. Currency and metal prices remained quiet with bar gold at 274.5d per ounce and money at 3 percent.
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London
Atchison
Cana- Man Pacific
Union Pacific
Northern Pacific
Grand Trunk
Anaconda
Treasury balances show cash and gold figures
A treasury statement dated June 29 reports available cash of 175,088,221 dollars and gold holdings worth 98,571,338 dollars. The figures reflect the current state of federal balances and precious metal reserves.
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Washington
Treasury
James A Bennetts Private School Ad in Butte
An advertisement for JAMES A BENNETT'S PRIVATE SCHOOL in Butte promises a thorough program at 605 W. Granite. It also lists insurance loans and city property bargains and references Slemons & Sevoth rooms 1 2 and 3 Silver Bow bik butte.
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James A Bennett
Butte
Granite
Slemons & _ Sevoth
Silver Bow Bik
Mining Expert V. Brobst Opens Prominent Front In Butte History
The piece profiles V. Brobst as a rising mining expert in Butte with deep geology knowledge and a record of accurate surface ore forecasting. It notes his Chicago roots, design work, and plans to travel to Boston to market mining properties. It cites his public writings in the Butte Miner and his influence on local mining circles.
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V. Brobst
New School
Butte
Anaconda Copper Company
Brobst
Chicago
Colorado
Brobeat
Boston
Tie
Brobset
Butte Miner
Monument dealers and local craftspeople feature in Butte directory
A local directory listing promotes R A Ketchin as a trusted monument dealer and manager of marble work with affiliations to fraternal groups. It also mentions other services including dental offices, photography studios, and a French dye house, all in Butte. The notice emphasizes local sourcing, moderate prices, and trustworthy reputation.
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R. A. Ketchin
J. E
Montana St
Butte
Woodmen of America
Woodmen of the World
Women of Woodcrift
Royal Neighbors of America
Ketchin
Hartford, Conn
Western Resources
J. W., Wilson
Pacific Studio
Arizona St
Fire House
Edgar Dayton and Western Asphalt & Gravel Roofing Co
Edgar Dayton, resident for about 12 years, leads the Western Asphalt & Gravel Roofing company with P. De Long. The firm specializes in gravel roofing and house moving, employs 10 to 20 skilled workers, and offers up-to-date tools, fair prices, and reliable service in a thriving mining camp community.
MENTIONED IN THIS ARTICLE
Edgar Dayton
P. de Long
Western Asphalt & Gravel Roofing Company
de Long
Dayton
Prominent Butte Grocer E F Corlett Featured
E F Corlett of 48 K Park street Butte is highlighted as a successful grocer known for low, fair prices and a wide assortment from canned goods to delicacies. The note praises his upright business practices, attentive staff, citywide deliveries, courteous service, and strong local trade built on trust and quality.
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Corlett
Park St
Butte
Musical Miss Irene Hamann A Noted Violin Teacher In Butte
The Butte violin teacher Miss Irene Hamann 526 West Silver Street is praised as one of the citys best musicians. She came from San Francisco four years ago with strong recommendations and studied in New York and other centers. Her pupils come from leading families and she leads two orchestras a ladies group and a mens group while supplying music for major dances in Butter Western Resources.
MENTIONED IN THIS ARTICLE
Irene Hamann
W. Silver Sr
Butte
San Francisco
Hamann
New York
Miss Hamann
Bakers Do. J. Sandburg Specialty Bakery Works
Do J Sandburg runs a high quality bakery in Butte providing home made bread cakes and pastries. He uses Fleischmann yeast for bread and specializes in fancy wedding cakes noted for beauty and excellence. Located at 3158 Main Street.
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Do. J. Sandburg
Fleischmann
Mr. Sandburg
Main Et
Butte
Local meat markets offer deep discounts and freshness
Flannigan at 823 Front St. Butte promotes a strictly cash method with prices 20 percent below rivals. The shop guarantees weight and quality, delivers daily across the city, and offers fresh greens, butter, and eggs. Kipp Butchering Co. at 401 E. Park St. advertises daily fresh greens and fruits, lowest prices in town, and aims to lead produce sales all season.
MENTIONED IN THIS ARTICLE
J. Murphy
W. Park St
Montana St
Butte
Flannigan
Kipp Butchering Co
E. Park St
Commission Merchants Wielsch Flour Feed and Poultry Trade
A brief notice profiles A FE Wielsch a commission merchant at 257 Park St Butte. Described as young with strong experience and connections, his firm handles flour feed hay grain wood coal live and dressed poultry and general commission business. Also promotes electric vapor baths for rheumatism and a 5 show deal at 24 E Granite St.
MENTIONED IN THIS ARTICLE
A. FE
Wielsch
General Commission
BE. Park St
Butte
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