Steel Lags Bears Rule Street Trade Report
Market notes show steel shares under pressure while general trading remains weak. Prices for iron and coal futures slip, with U.S. Steel production cut and overall bank lending tightening as May ends.
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Newspaper
Helena Independent
Location
Helena, Montana, United States of America
Date
Jun 04, 1930
Page
10
Market notes show steel shares under pressure while general trading remains weak. Prices for iron and coal futures slip, with U.S. Steel production cut and overall bank lending tightening as May ends.
Fragmented item notes unsettled trading terms and a drop in silver prices with scattered figures. Mentions New York and London prices, June timing, and some unclear references to stores or dealers in Duluth and other places. The text is garbled with missing words and stray symbols.
A misread investor notice from Nation-Paxton-Delacy, Inc. claims a century-spanning gold opportunity with milling and banking methods. It emphasizes a writ proof and strict adherence to valley terms, urging deep consideration of the offer from Heetonq, Mont.
The weekly summary shows United States crude oil production averaging 20,960 barrels daily for the week ended May 31, totaling 2,409.40 barrels. California output averaged 2,004, AB0 barrels with an increase of 43,560 barrels. Refinery operations ran at 72.8 percent of capacity with a daily run of 4,568,900 barrels. Compare with the prior week’s 3,887,400 barrels and note 96.7 percent capacity utilization. Regional variations note increases in several states with differing totals.
Livestock prices across St Paul Omaha and Seattle show uneven demand with cattle at steady to lower prices and hogs and sheep mixed. Buyers report narrow demand and some feeders steady while dairy cattle and bulls hold near previous quotes amid fluctuating bids.
Fragmented classified advertisement copy, listing contact numbers and multiple boilerplate lines. The legible portions reference an independent publishing company in Briona, Missouri, and mention publication rights, distribution, and editorial details.
The page mixes grain market data with scattered local ads and notices. It references wheat prices in Minneapolis including futures and cash values, corn and rye quotations, and nearby yield forecasts. Also appears are small ads for painting roofing and clerical help, plus meeting notices and a church or fraternal schedule.
A chaotic wheat market across Canada and the United States reflects heavy winds and dust storms. Analysts note rising stock forecasts, with US winter crop expected larger than a month ago while monthly reports flag moisture risks and regionally altered supplies.
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