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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Mar 06, 1902
Page
13
The New York market opened with cautious optimism as money conditions eased and foreign demand steadied. Gains appeared in select rails and coal stocks while overall trading stayed uneven and close, leaving mixed results and several reports of earnings and speculation.
New York money on call steady at 2 1 2 percent. Prime mercantile paper 4 1 4 percent. Sterling exchange steady. bankers' bills at 4.87 demand and 1.5544 for 60 days. Posted rates 4.46 and 4.88 percent. Commercial bills 4.44 4.85. Mexican dollars 4 1 4 percent. Government bonds firm. state bonds inactive. railroad bonds irregular.
New Yorks metal exchange suspended trading today in memory of Leonard Lewisohn a leading member. Tin prices eased in London and New York while copper and iron held steady in thin sessions. London markets showed gains with higher spot and futures for tin and lead quotes down slightly in London. Bar silver fell to around 47 and a half cents amid mixed London and New York movements.
The Commercial Advertiser notes a tie day in New York stocks with Paris settlements influencing trade. South African mining shares and Rio Tinto rose while Bank of England repayments affected liquidity and sentiment.
Wheat bulls gain brief lift as dry reports from the Southwest boost sentiment while Northwestern crops shrink. May wheat opens around 76% to 74% cents and ends barely firm near 70 7 8 cents. corn strengthens early but ends mixed as profits trigger selling. Oats rise early but retreat with May closing easy and pork ribs decline on hog run pressure.
Cash quotations show prices for flour and various grains including No 3 spring wheat at 7 1/16 cents, No 1 red spring at 83 cents, No 2 white oats at 4 cents, No 1 flaxseed at 1.60, and Northwestern No 1 at 1.71, plus pork and lard values. Shipments list totals for flour, wheat, corn, oats, rye, and barley in bushels and barrels with regional figures.
Cattle receipts 21 with steady tone. steers 6.50 to 7 poor to medium 6.30 to 6.30. stockers and feeders 2.25 to 5. Cows 1.20 to 5.25. heifers 2.25 to 4.5. canners 1 to 2. Calves 2.50 to 6.50. Texas fed steers 4.50 to 5. Hog receipts today 38 000. tomorrow 92 000. slow 5 to 10 lower. mixed and butchers 5.85 to 6.55. good to choice heavy 6.25 to 6.40. light 5.75 to 6. Bulk 5.95 to 6.20. Sheep receipts 16 000. lambs tie to tie lower. wethers 4.00 to 5.20. mixed fair to choice 3.75 to 4.50. western sheep yearlings 4.60 to 6. native lambs 3.75 to 6.60. western lambs 2.50 to 6.50.
South Omaha cattle receipts at 2:00 mark show market active and steady as buyers and sellers match steady demand.
Reports show cattle prices with native steers around 4 6.50 and Texas steers near 3.75 to 4. This sheet notes calves and stockers at various values and hog receipts at 4 12.0 hundred weight with market down 9 to 10 cents. Fed muttons and ewes listed with lambs and stockers in lower ranges.
The page lists Mrs A Birthright offering manicure and hairdressing and chiropody at 14 West Edwy Butte. J Palmer advertises buying selling and exchanging novels at 38 Broadway Butte. Parisian Dye House at 0 West Galena provides dyeing and cleaning services with emphasis on satisfaction.
Kansas City market figures show cattle receipts of about 5500 with 4 Texans, hogs near 10000 with market lower, and sheep around 2000 with the market firm. Prices are listed for native and Texas cattle, hogs by weight class, and muttons and lambs with several ranges.
San Francisco report from March 5 details spring wools in Nevada and Eastern Oregon with lake valley Oregon and 1 15e figures. Fall wool estimates cover Mountain S lvc South Plains and San Joaquin at 6 percent lambs and 6 percent e.
Washington reports the treasury shows an available cash balance of 177 million 425 thousand 466 dollars and gold holdings of 51 million 566 thousand 222 dollars. The statement provides a snapshot of the government's liquidity and gold reserves as of today.
A fragmented list of mining properties and companies appears, naming Calumet and Hecla, Centennial, Copper Range, Isle Royale, Mohawk, Dominion, Osceola, Parrot, Santa Fe Copper, Anaconda, Baltic, Tamarack, Tamarack and others. The OCR shows numerous garbled terms but reflects a regional mining district with multiple firms and mines in the copper belt.
London on March 6 sees Consols quoted at 5 percent with silver at 234 pounds 16 pence the market mood unchanged amid steady demand and limited supply as investors weigh bullion and gilt prospects.
London on March 5 reports money market Consols at 94 9 4 for account 77 for Atchison 98 in preferred. Bar silver weak at 255 16d per ounce. Anaconda Den and Atchison shares cited with fractional changes.
Hypolite Andries and Mrs. Kate Schenk wed in Great Falls last Wednesday and returned to Neihart to reside in Barker block. Charles Black and Mrs. Annie Lebraff married by Judge Fitzpatrick. hearty celebration and dancing that evening. Alex Oriet injured his hand at the Hardy mine in a hammer mishap. Pat Hynes returns from Armington with a contract to erect a large stucco mill near Goodman’s ranch, to be finished by May. Neihart Athletic Club receives items including a punching bag and boxing set for training and use.
Columbus Ohio March 5 Safe blowers early today dynamited the Westerville post office safe and escaped with 1200 dollars in stamps and several hundred dollars in cash.
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