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Newspaper
Helena Independent
Location
Helena, Montana, United States of America
Date
Jun 03, 1931
Page
10
Today’s financial news shows small gains halted by several stocks. New York quotations slipped while some banks posted minor losses. a few specialties declined despite a broader rally that lifted certain groups. Copper and tin futures were steady, silver firm, and lead prices held near recent levels.
South St. Paul June 2 AP USDA reports mixed livestock trading with 2,200 head across all classes. Cattle and calves show uneven gains and varied prices. hogs steady to higher with bulk sales from 4.50 to 5.90 per cwt. Sheep and lambs steady to higher. Western markets note top steers around 7.50 to 8.25, feeders and yearlings active, futures unsettled. Spokane and Portland markets echo regional shifts in cattle and hog demand.
Grain market news from June 2 to 7 describes unsettled sentiment from Canadian and domestic crop prospects, with Canada’s 1931 crop seen down by about 8.049 million bushels and a sugar of export subsidies. Wheat, corn, oats move with mixed results. prices show declines and gains amid tight offerings. The report covers milling grain prices, futures in Minneapolis and Chicago, and notes normal supplies for wheat and feed markets.
United States Senator Robert D. Carey spoke at the 53rd Wyoming Stock Growers convention in Lander detailing the industry’s needs and urging greater individual responsibility. He contrasted current woes with past strength and predicted brighter times ahead, while livestock expert William Farge outlined tomorrow’s Chicago bankers and stockmen meeting to address market depression. In a separate note, Sam Harvey, 47, a foreman for Fond Construction, was killed in a car crash after his vehicle skidded to a stop.
New York June 2. Daily average gross crude oil production in the United States rose 26000 barrels to 2462150 for the week ended May. East of California production grew 33200 to 1993750. Refineries reported 2474600 barrels sold daily, with 99.7 percent of total capacity last week. Gasoline stocks stood at 44796000 barrels. cracked gasoline accounted for 94.4 percent of charging capacity. Imports totaled 1728000 barrels. Wyoming output declined 700 barrels, Montana rose 590. Chicago markets noted potato prices with varied grades and several price ranges for Louisiana, Alabama, Texas stock. Butter, eggs, and poultry prices listed alongside Kansas City and local figures. A municipal tax dispute strained local film theaters, prompting an indefinite strike.
Washington June 8. Canadian tariff hikes provoke swift political reactions while officials stay mum. Democrats and Republicans issue statements as Senators Smoot Hastings LaFollette weigh Canada’s move seen as retaliation against Hawley Smoot Act. Commerce data show substantial U S exports to Canada at risk, notably coal steel autos and oranges.
Classified notes describe a felonious entry at a Meena post office and transmission matters. The Independent Publishing Company issues daily editions from multiple city offices including New York Chicago andMontana with distribution through hotels and metropolitan papers. The piece notes Associated Press rights and exclusive use of dispatches.
The Independent will not be responsible for errors in advertisements unless the proof is read by the advertiser. Proof will be sent out when copy is in The Independent office one day in advance of the publication date. Rates for want ads are two cents per word per insertion. Ads received after South Main Street office business hours for want ads display advertising or reports of failure to man wheel pave repair.
A fractured page shows help wanted pleas and small trades ads. Listings include home laundry work opportunities, clerical and general labor, rooming offers at Grandon hotel, and roofing and card reading services. Seattle cattle market figures appear with bid ranges for cattle, calves, hogs, sheep, and prices per weight class.
A white leather purse found in Hl Park is advertised with instructions to the finder to return it to the dependent office for a reward. The notice echoes a chaotic mix of unrelated lines including job ads and local services.
President Hoover was informed by Secretary Hyde that about 29,000,000 will be saved from agriculture department appropriations next fiscal year and expenses cut about 11,000,000 this year. Details of saving measures were not disclosed amid a White House briefing after Hyde meetings with officials.
At a regular meeting in Anaconda Montana on March 2 1931 the State Fish and Game Commission ordered a complete closing of Gravelly Ranges Lake in Lewis and Clark County. From June 16 1931 it becomes unlawful to fish or attempt to fish in these waters, with the action treated as a misdemeanor. Signed by Chairman Marlowe and Secretary Hill.
New Canadian tariffs in the June 2 action raise duties on American magazines. National Publishers Association secretary George Lucas planned a trip to Ottawa to study effects. Detroit auto makers noted many U.S. firms have production facilities in Canada.
Arthur G. Flak, a longtime U S commissioner and former postmaster, pleaded guilty in federal court to one count of embezzlement. Four additional counts were dismissed. He admitted diverting $2,000 in ball bond money deposited with him. prosecutors alleged about $16,009 in total. Probation was requested and referred to a federal officer. Flak remained in custody pending further action.
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