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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
May 20, 1924
Page
12
Chicago May market notes show corn up with May at 77 to 78 cents and July 76 cents, while wheat closes unsettled and oats rise slightly. Traders cite tight corn receipts, planting delays, and a smaller corn visible supply as supporting factors, with farm legislation weighing on wheat.
Trading at the New York Stock Exchange stalled as traders awaited the Senate's decision on the presidential veto of the bonus bill. Total volume neared 400,000 shares, the lightest full-day session since last August, with weak spots in motor accessories, copper, and leather shares and select gains in industrials led by General Electric and Dupont.
New York market data show butter and eggs with receipts and varied prices. Creamery extras range around 39 to 38 cents, firsts 37 to 38 cents, and packing stock 28 cents. Eggs receipts about 18,153 with fresh gathered and storage packed at 25 to 28 cents, hennery whites and browns listed with multiple grades. Cheese steady with whole milk flats at 17 to 24 cents. Chicago reports butter lower with creamery extras around 16 to 31 cents and various firsts and seconds priced accordingly.
In New York on May 19 refined sugar sales were light and prices held at 7.25 7 6c for fine grade. Refined futures closed steady with advances in octane notes and firm tone across the market.
Potatoes shipments and prices noted in a terse AP blurb dated May 19. Mentions bulk sacks and regional prices while citing shipments totals for the United States and various states and varieties including Bliss Triumphs.
Wall street waited for the senate to act on the bonus bill while early trading shows cautious pressure on a few industrials. Humble Oil shares rose on news of a price restoration. Anaconda Copper hit new lows, and steel demand appears to exceed supply with producers tightening output. Prices are expected to rise later, countering retail margin pressures. Louis Kamm of Kresge announced plans for expansion including a new $5.5 million Newark store to be built in sections.
Walrus of hog receipts 46 000 with prices up 10 15 cents and bulk 240 to 350 pound butchers top at 7 75. Cattle receipts 24 000 with matured steers 25 cents lower and thin demand, top steer price 11 35 with others 9 25 to 10 50. Sheep receipts 10 000 with fat clipped lambs about 25 cents higher and top at 15 75 to outsiders 17 50 for spring lambs.
The market shows packing sows firm at 6.95 with 10 to 15 cent gains, bulk bids around 6.75 to 6.90. stock pigs down 15 to 25 cents mainly at 5.25. Sheep receipts total 6,000 with lambs up about 25 cents, natives at 17.25 and 15.75, best clips around 15.25 to 14.50. Texas wethers steady at 8.25.
U S Department of Agriculture Portland report shows cattle and calves receipts 160 head steady with mixed classes. steers 1100 pounds good 8.50 to 9, medium 6.50 to 8.50, common 5 to 6.50. heifers 850 pounds up to 5.25 to 8. cows 6.50 to 7.50 good. canners 1.50 to 4.25. calves 190 pounds down 6.50 to 9.0. Hogs barely steady, receipts 4600. heavy 250-350 pounds 7.0 to 7.60, medium 200-250 pounds 7.60, 160-200 pounds 8.0 to 8.15. light 130-160 7.50 to 8. packing hogs 6 to 6.75. slaughter pigs 7 to 7.65. feeders 100-150 6.25 to 6.75. Sheep and lambs about steady, receipts 1200. lambs 84 pounds down 7.50 to 9.50, heavy 92 pounds up 7 to 9. yearling wethers 7 to 9, ewes 4 to 6.50.
Cattle receipts 10,000 with better weighty steers bid lower though some held at 10.40. Stockers and feeders steady to strong with bulk beef steers 7.75 to 10.25. Sheep receipts 3,500. fat lambs up to 25 cents, clipped lambs around 15 dollars and spring lambs to 17 dollars. four loads shearing lambs averaged 69 pounds at 16.35.
Kansas City cattle receipts around 16 000 with calves 2500 and hogs 12000. Cattle values mixed with beef steers weak to steady and top around 10 ¼ for matured stock while bulk trades near 8.10. Hogs mostly 5 to 10 cents higher with shipper top 7.50 and typical 7.35 to 7.40 for 215 to 280 pound runs.
South St Paul market notes May 19 show cattle receipts 2700 with fat steers and yearlings weak early, hogs up modestly with 5 cent gains, calves steady to 25 cents lower, sheep receipts 100 steady. Top steer price around 10.15. hogs 7.20 to 7.25. calves 8.75 to 9. sheep ewes 7 to 9. Canadian feeders noted.
Denver on May 19 reports hog receipts around 1 700 with prices 10c higher, top 7 30, cattle receipts 3 500 with stockers, feeders, and cows steady to higher, calves bid up to 9 25, sheep receipts 1 400 with clipped lambs around 14 50 and limited wool breeds, overall uptick amid varied grades.
Spokane May 19 cattle receipts 307 market steady with prime steers 8 8.50, cows 5 7, veal calves 8.5 10. hogs receipts 684 market steady prime mixed 7.75 8, heavy 4.75 7.25. stockers and feeders 5 6.50. Sheep receipts 210 market steady prime lambs 11 12, prime yearlings 7.5 9. Wethers 7 8.50, best ewes 5 7.
Omaha May 19 hog receipts total 10 500 with prices 5 to 16 cents higher. Bulk of 210 to 300 pounders fetch 7.20 to 7.35 with top 7.31. Fairly strong demand for fit 160 pounders.
The United States mall stace will depart Drummona for Helmville and Ovando as soon as 41 and No 4 arrive, with daily service except Sundays.
Foreign exchange easy quotations listed for May 19 with demand and cables rates across nations including Great Britain France Italy Belgium Holland Norway Sweden Denmark Switzerland Spain Greece Poland Czecho Slovakia Yugoslavia Austria Romania Argentina Brazil Tokio and Montreal.
In New York May 19 call money held steady at 3 percent with easy terms for time loans. Call loans against acceptances stood at 2 percent while prime commercial paper traded around 4 percent.
New York reports copper steady with spot and nearby at 12 13 cents and futures at 13. tin weak at 41.50 spot and futures. iron steady for No 1 northern and related grades. lead and zinc steady. London markets show copper spot £62 6s 6d futures £63 with electrolytic £67 5s spot tin £206 5s futures £205 12s 6d lead £29 2s 6d zinc £30 12s 6d futures £30 17s 6d.
BAR SILVER 7 Mexican dollars 50 1/2 cents. London bar silver 34 pence per ounce. Date May 19. Source OAK. Prices reflect metal market readings from that day.
May 19 Minneapolis market report shows flour unchanged with family patents at 6.55 to 6.80 per unit and bran ranging 17.60 to 18.00.
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