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This newspaper page contains 11 articles. Subscribers can read the full text of each article.
Newspaper
Helena Independent
Location
Helena, Montana, United States of America
Date
Jun 07, 1930
Page
10
A broad market downturn drives stocks lower with shorts liquidating. The composite index dips to 184.8, trading remains light at 2,514,800 shares, and notable names like General Electric and American Telephone show limited resistance to the slide.
Readable cattle hogs and sheep price reports from Portland Seattle and surrounding areas. Markets show steady to weak trends with bids by dealers retailers and farmers. cattle and calf trade features heavy receipts and varied weights across regions with attention on yearlings sows and feeder cattle. A state public housing camign is noted with a cross state inquiry into discriminatory freight practices and planned joint hearing in Portland July 7.
Real summer weather is reported with higher temperatures across wide areas boosting retail sales and bringing cautious cheer to wholesale sectors. May production for pig iron and steel declined while lumber and cotton demand softened. overall commodity prices remained weak despite lower May book clearings and limited improvements in May industrial indicators.
A disjointed notice from Nation-Paxton-Delacy Inc previews a bold offer claiming $b to be a prime opportunity and gold resource prospects. The text touts milling and banking methods, asserts merit, and warns the offering must be found to proceed. Contact details list a Helens Montana address and a street line.
Washington reports a final tariff showdown approaching as Senate and House conferees near agreement on the key points. The deal would set a seven cent minimum duty per pound with a 45 percent ad valorem floor, replacing earlier 40 percent and 49 cent provisions, and target textile imports including yarns and lengths over 10 inches.
Fragmentary notice outlines advertisement rates and placement details for the Independent office. It mentions per word charges, minimums, and display ad options with reference to a South Saint Street office and related deadlines.
An OCR laden notice bundle shows varied ads and notices including help wanted long lists, a woman seeking ranch work, a half dozen Masonic and lodge meeting schedules, and a dense mass of product and price data. It mixes job ads, dining and cooking mentions, and a jumble of supplier items with figures and dates embedded. The precise facts are obscured by typos and garbled text.
The Minneapolis chamber of commerce votes to store grain in Superior Wisconsin and through the Twin Cities exchange. The deal expands capacity by about 20 million bushels at Superior elevators and Duluth, adding nearly 96 million bushels to head of the lakes terminals for a total around 106 million bushels.
Grain markets showed volatility with wheat advancing on European rains and improving North American demand, while Canadian and domestic spring wheat faced plentiful rain and potential yield concerns. North African reports hinted reduced Tunisian hard red wheat, and Canada and Alberta weather influenced prices as traders watched harvest progress and export prospects.
The Croft Zeppelin concluded its long voyage by docking at its home base in Friedronanaren Germany. It completed a dramatic run from Germany across North and South America and Africa, dodging electrical storms and weather that battered its course toward southern France. Crowds greeted the returning crew as the giant airship wrapped up its seventh transatlantic crossing amid vivid atmospheric disturbances.
Market recap shows mixed tones for potatoes and produce with varied regional pricing. Old stock trading unevenly from Nebraska and North Carolina receipts, new stock barely steady with undercurrents of softness, and some items like Butter-Receipts and Cr eamery products modestly steady. overall market activity appears cautious with several price ranges noted for different grades and regions.
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