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Newspaper
Helena Independent
Location
Helena, Montana, United States of America
Date
Jun 23, 1931
Page
10
The South St. Paul livestock market shows broad declines across cattle and hog categories with limited activity. Calves, feeder cattle, and butcher stock edge lower amid mixed demand. dairy prices and weights fluctuate as buyers adjust. Strong Dakota sheep and lamb prices remain mixed, while hog bids drift, creating a cautious tone for next week.
New York June 22. Wall Street cheered Provident Hoover's plan for a moratorium on reparations and war debts in Germany, lifting fears of a renewed crisis. Stock averages surged, with strong gains in copper and non ferrous groups. International Telephone and utility shares climbed as foreign demand hinted at improved trade. Bond markets and currencies followed the upbeat mood.
Multiple market reports from New York and Kansas City detail cattle calf and hog trading. Prices show mixed to steady demand with feeders and fat cattle in narrow ranges, including top steer prices around 7.40 hundredweight and calves around 9 to 10 dollars per hundredweight, with weekly tie ins to stockers and slaughter classes.
Grain and livestock prices moved in a volatile session with wheat futures rising on talk of farm board policy shifts while no official change occurred. Reports from Chicago and Minneapolis show mixed cash bids and ongoing demand for cattle hogs and lambs, alongside fluctuating corn and oats as traders awaited government actions.
Ogden Utah July 22 C E Hutt president of the Farmers National Grain corp told the agricultural council of the Central Western Shippers Advisory board he hopes the average price for the 1831 wheat crop will equal the 1834 crop while stabilization lasts He warned the crop’s health remains uncertain and predicted North American carryover will be less than last year unless conditions change He criticized warehouse stockpiles at the Grain Stabilization Corp as a red herring in the market and noted demand for storage owners backing it.
In Long Beach California A O Buckingham advertising director for Clustt Paa body and Cosonany New York notes earlier bumps on the road to prosperity. The piece describes how the company negotiates changes in market conditions and harnesses cautions for progress.
Pocono Pines Pa June 22 Dr Walter A Maier radio preacher criticizes loose marriage relations and praises 19th century figures at the 29th International Walther league convention drawing over 2 000 delegates from the United States and Canada to Lutherland the Lutheran conference and camp association site.
New York reports a surge in copper demand following a war debt proposal by President Hoover. Domestic buyers, previously apathetic, showed readiness to accept any delivery at 5 cents per pound, but 4¢ metal grew scarce. By day’s end no copper was available at 5 cents. Foreign sales reached 10,760,000 pounds, with a price steady at 27 1/2 cents per pound.
New York June 22 Owen D Young chairman of the board of General Electric co said a statement today praising broad approval of President Hoover plan to postpone payment of inter governmental debts for one year. Sugar Crop New York June forward Thauma Chadbourne head of a World Stabilization of Sugar committee cabled the International Sugar Council that the world Miniket this year will be reduced by 000000 ton
Domestic Montana company of Billings to buy and sell gasoline lubricating oil and other petroleum products. Capital stock 90 shares of common stock without par value. Directors are W M Jonnaton H J Coleman and W J Jameson all of Billings.
Pendleton Oregon June 22 Ruth Hunt 18 of Heppner is in critical condition after a horse she rode threw her into a barbed wire fence dragging her several feet. Doctors needed 12 sutures to close a leg wound and she endured heavy bleeding. Denver reports an aunt Granburg 48 owner of the Gueobuerg promenade company died.
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