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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Sep 05, 1924
Page
10
Trading in all grain was light with lack of buying power. Wheat finished with small losses while corn and oats fluctuated, influenced by hedging and selling by elevator interests. Butter and eggs prices remained largely unchanged across regions.
New York stocks closed weak after American Woolen company skipped a quarterly dividend, sending its price down to 58% the lowest since 1921. Steel and textile shares fell, while some issues rebuilt on short covering as market leadership wavered. Total stock sales reached 813,600.
Potatoes traded mostly steady with Early Ohio prices firm on good white stock. Receipts totaled 38 cars with United States shipments at 512. Minnesota sacked Early Ohios quoted 90 to 110 cents, bulk 85 percent. Sacked Irish Cobblers ranged 136 to 145 cents in Kansas Missouri and New Jersey 210, Colorado 185 for People’s Russets.
The price of refined sugar will rise 25 cents a hundredweight starting tomorrow, set at 7.60 dollars for cane sugar and 7.40 dollars for beet sugar, announced by refining companies in San Francisco.
Refinery gains of 10 points push refined sugar quotes higher with prices for fine granulated from 7.10 to 7.25 cents. Futures finish firm with September 4.14 cents, December 3.97, January 3.60, and March 4.37 cents on 42,069 tons sold.
In Duluth on September 4 the flax market shows September at 2.25 percent, October 2.23 percent, November 4.23 percent, December 2.00 percent, and May 2.24 percent.
Flour unchanged and Bran priced at 25 dollars per ton in Beneapolig on September 4. The note records a brief commodity price listing with no further context or related items.
The Associated Press reports copper and tin prices easing with electrolytic spot and futures at 13 Me and tin at 52.37. Iron remains steady, lead steady at 8.25, zinc weak in East St. Louis at 6.2 6.27, antimony at 10.50.
Market dulled by unchanged rates as 90 day notes offer 3 percent and six month maturities at 3 percent. Industrials drifted after American Woolen dividend news while Nickel Plate led gains in carriers and New York Central and other rails showed strength ahead of a fall season. Grain and oats face weather and crop forecasts, with Hudson Motors sharply outperforming 1923 yearly totals.
Market listings show electrolytic and tin metals with spot and futures prices. Foreign exchange closes easy with multiple country quotations in cents and percent shares. New York money markets report call money and time loans, bar silver at 68 cents, Mexican dollars at 52 and a half cents, with London bar silver at 34 and one half pence per ounce.
Chicago market report shows cattle receipts at 13 000 with steers and yearlings selling near $11.25 and higher for light weights, fat cows softer, veal calves to packers $12.50 to $13.25. Hogs at 27 000 with top near $10.25 and varied weights trading mostly steady to down 25 cents. Sheep receipts 22 000 with fat lambs up to 25 cents higher and natives at $13.00–13.25 plus packer sales around $13.40 and $13.75 for choice westerns.
Denver and St Paul USDA reports show hog receipts at 2,400 with prices mostly steady to 15 cents lower. top hogs at 9.80. Cattle and calves mixed, sheep steady to 25 cents higher with fat lambs around 11.50 to 12.50 and ewes mostly 4.50 to 5.40, some breeders 6.50 to 7.50.
Cattle receipts total 100 holdovers 300 slow with few early sales. steers around 5 dollars with medium cattle at 44.50. calves receipts none hardovers 550. hogs receipts 400 active with early top around 11.50 to 15. sheep receipts 600 holdovers 450 sold early with dull demand and wool lambs quotable at 12.25.
London metal market report shows Standard copper spot at £63 14s 6d and futures at £64.00 per hundredweight, indicating the current pricing for copper in London.
OMAHA Sept. 4 hog receipts 12 000 demand uneven with better grades steady to 10 cents lower. Bulk 200 to 300 pound hogs 9.25 to 9.50 top 9.50. 160 to 200 pound hogs 9 to 9.25. sows 8.35 to 8.50. Cattle receipts 5 200 strong to higher for fed steers and yearlings. tops 11.10, weighty steers 10.45, bulk 9 to 10.50. calves and bulls steady. Sheep receipts 21 500 early sales strong to 25 cents higher. native lambs 12.25 to 13. clipped lambs 11.95. good western quality noted.
Portland dairy and livestock market figures show cattle and calves near steady with 202 head received. Wages slow with 1,350 recorded. Sheep and lambs slow with 771 on hand for sale.
Spokane Sept 4 market report shows cattle 11 points 72 steady market hogs receipts 204 steady unchanged sheep receipts 38 steady unchanged with no price shifts observed in all livestock categories.
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