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Newspaper
Helena Independent
Location
Helena, Montana, United States of America
Date
Jun 14, 1941
Page
10
The market slipped modestly amid the weekend danger, with leaders posting fractional declines while a few segments like utilities and specialties showed gains. Traders cited profit taking after a prolonged advance and lighter commitments as factors, signaling a cautious rhythm ahead of weekend news.
New York Stock Exchange sentiment remained bullish as defense policy hardened and armament spending signals suggested strong business momentum. The Associated Press average fell 0.3 points to 66.6 with limited trading. foreign exchange rates and metals showed mixed to steady moves, copper and zinc steady and aluminum active while domestic prices held.
Montana Power at Butte on June 11 reports J A Hogle and Company notes Montana Power stock bid 6 series bid 107 asked 109 Frost Bank bid 11 asked 104 Northwest Bank bid 11 asked 11 1 2 SUGAR New York June 13 offerings withdrawn with cost prices 50 50 5c Seattle market butter cheese eggs unchanged Texas flags noted in local market readings
The Commerce Bulletin notes a quiet wool market this week as a government bid for 17.684 million yards of military fabrics and 1.56 million blankets to be opened June 25 fails to stir mills. Western buying remains light. Texas offers around 43.5 cents for good fine 12 months wools, about 103,197 clean basic. Mills expect further government price differentials on June 17. deliveries remain the major issue amid meager foreign supplies. Mohair steady with firm quotations. detailed fiber prices listed for various wool types and blends.
Chicago and Omaha market notes show cattle steady to weak with limited demand for calves and yearlings. Hogs advance mildly on some weight ranges while sheep and lambs remain slow with overall softer bids. buyers and sellers adjust to fluctuating supplies across regions.
Market reports show wheat and soybeans rallying with gains near 2 to 5 cents a bushel aided by government policy signals. Wool prices drift as domestic and foreign wools trade in slow sessions, with details on types, grades, and regional quotations across Minnesota, Iowa, and New York markets.
Minneapolis market notes show US No 1 russet and butter prices amid slow demand with heavy supplies. Alabama Bliss and Idaho russets listed with varied stock. Separate notices list legal ads, Wanted ads, rental offerings, and a Montana public sale of a steel bridge near Augusta Chateau, with bidding details and dates.
The United States shipped about 80 million barrels of petroleum and products abroad in 1940 while leaving 95 percent of total production for domestic use from 1.425 billion barrels. Major exporters were nations listed on the chart, all continuing to buy U S oil.
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