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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
May 03, 1923
Page
10
Chicago reports narrowing declines in spring wheat outlook as a crop expert cites 1923 acreage near the smallest since 1900 and winter wheat yield well below last year. May contracts show gains at times while government crop data temper advances with bears and bulls trading on cargo, demand, and stocks.
Intermittent selling by professionals but broad buying support kept prices higher at close. Marine preferred hit a multi year low while U S Steel common rose to a year low of 102, with several issues reaching their lowest of the year. Foreign exchange weakened French francs and German marks after reparations talks and debt markets showed lower call money.
Early trading showed broad selling push with many issues near yearly and session lows. Midday firming led by favorable reparations news and short-covering, yet public buying remained scarce and prices likely drift lower without demand. Reports cite Kennecott copper profits and Union Oil quarterly results amid mixed commodity tone. Cattle hogs and sheep quotes from St Paul and Denver show steady to weaker tones with varied receipts and prices.
Sugar futures closed steady with about 18 000 tons traded. July sugar at 6.20, September 6.29, December 5.80, March 4.65. Refined sugar unchanged with fine granulated at 10 to 10.15. New business continued light and second hand sugars available to below refiners' quotations.
Copper steady in spot and futures at 16 16 1 2 cents, tin firm near 45.50, iron unchanged, lead steady at 7.62 to 7.75 cents, zinc 6 80 to 6 85 cents, antimony spot 7 75 cents.
Bar silver in London slipped to 32 1 2 d per ounce with money at 1 1 2 per cent. In New York foreign bar silver traded at 67 1 2 c and Mexican dollars at 51 c.
London metals update shows copper spot at £69 17s 6d with futures at £70 1s. Electrolytic copper spot £79 5s with futures £79 15s. Tin spot £215 2s 6d with futures £215 2s 6d. Zinc spot £21 17s 8d with futures £32 7s 6d.
Hogs receipts 20000 fairly active fully steady top 8.40 with 160 to 225 pound averages 8.25 to 8.35. cattle receipts 6900 beef steers active with top 10.25 and loads around 10.10 to 10.15. stockers and feeders strong with calves down to 9.25 for packers. sheep receipts 11000 active with lambs 15.00 to 15.25 and clipped lambs 11.75 to 12.65.
Kansas City and Omaha livestock data show cattle receipts around 12 800 with steers 9.75 top in KC, hogs mostly 7.65 to 7.90, calves strong to 9.50, sheep lambs 14.60 to 14.90 top. Omaha receipts 13 000 with cattle tops near 7.70 and veals up to 11, sheep mixed with lambs up 25c.
The sale shows best wooled lambs at 12.65 to 12.75 per pound with top at 15.00 early, fed clipped ewes 7.40 to 7.75, wooled ewes up to 8.75, feeders steady, best shearing lambs 75 pound average 14.79, overall lambs and sheep trade steady.
Spokane May 2 cattle receipts 64 hogs 79 and sheep none with market steady no change in quotations across livestock categories reflecting a calm trading day in the local market.
Portland Fortland Oregon May 2 cattle steady receipts hogs weak undertone receipts sheep steady receipts 155 الوزن
Los Angeles on May 2 reports cattle receipts at 700 with beef steers priced from 7.7 to 7.5 dollars per hundredweight for good grades and 6.6 to 7 for medium, common 5.5 to 6.6. Hogs receipts 800.
Arrival yesterday of Louisiana and California strawberries pushed prices down in Butte market. Onions from Coachella valley begin moving, with forecasts of lower prices than last year due to a large crop. Government data notes Imperial valley cantaloupe at 25 600 acres, with similar expected output. Wednesday prices list various fruits and vegetables with several fresh figures.
New York money markets show call money faster at 5 percent with a ruling rate at 5 percent and a closing bid of 4 percent. Call loans against acceptances 4 percent, time loans firm with 60 to 90 days at 4 to 5 percent. Prime commercial paper around 5 percent.
The New York exchange page lists irregular foreign quotes in cents with nations including Great Britain France Italy Belgium Germany Holland Norway Sweden Denmark Switzerland Spain Greece Poland Czecho Slovakia Argentina Brazil Montreal and others. It also notes the Established Church of Scotland is Presbyterian and mentions oil stocks.
Mrs Philipa Searle a native of England and long time Montana resident died Tuesday morning at 1307 Jefferson Street after a brief illness. Survived by husband Herbert Searle two sons William and Fred G of Butte two daughters Dora Mary of Portland and Mabel Urania of Butte a sister Mrs Charles Wedgewood of Northport Washington. Body at White's chapel pending funeral arrangements.
At Lausanne on May 2 the Near East conference members argue over Turkey opening or restricting its borders to foreigners. They acknowledge Turkey may set its own immigration laws while Italy and Greece fear influxes. American representatives were absent but U S immigration rules were cited. Allies seek freedom of residence and entry for foreigners under Turkish rules.
Mrs E M Doby of Asbury Park New Jersey credits Foley’s Honey and Tar with ending a years long hacking cough. The cough cold croup throat chest and bronchial troubles are relieved quickly with no opiates in ingredients printed on the wrapper. It is described as the world’s largest selling cough medicine. Paxson Rockefeller Ady.
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