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Newspaper
Helena Independent
Location
Helena, Montana, United States of America
Date
Jun 24, 1931
Page
10
Today’s market shows buying still stronger than profit taking though prices eased. Irregular bond activity and weakness in grains and cotton contrasted with copper and steel gains. overall indices slipped one to two points as volume neared 3.6 million shares.
June 27 auction notes show weak to steady demand across cattle and hogs. Reported steers and heifers largely mixed with moderate prices. top cattle around 7.50 down for some classes, hogs steady to slightly higher, pigs and feeder weights fluctuating with bulk moves in 200-300 lb range. Lambs opened weak and bids softened, goats not listed.
The New York stock exchange reports a volatile session with varied bond activity and cattle futures. Traders note weak to uneven movements in yearling and calf markets, with some loads and prices reaching modest gains, while hogs and packing hogs show limited support and broad price ranges amid cautious demand.
Chicago market data shows mixed potato and produce pricing across states led by Bliss Triumpus potatoes at 1.45 to 1.55 and Cobblers near 1.34 to 1.38. North Carolina Cobblers 2.50 per barrel plus various textures and grades noted. poultry prices Move with fowls 17c to 19c and broilers 81 to 3c, other poultry and eggs also quoted amid steady trends.
The American Petroleum Institute reports the weekly average gross crude oil production in the United States rose by 19 250 barrels to 2 482 350 in the week ended June 26. East of California production rose 35 750 barrels to 1 961 250, while refineries operated at 66.8 percent capacity. Cracked gasoline output stood at 3 098 000 barrels, and imports totaled 95 000 barrels. Wyoming Montana and New Orleans demand figures appear amid broader industry data and Northern Pacific president Donnelly notes no major shifts in business conditions, with projected revenue changes and net income figures discussed.
Kansas City report shows calves 3000 head slow Eastern classes steady few yearlings, steers mainly 36.50 to 37.73, medium bulls to 3.75, stockers around 7.23, sow prices steady. Spokane notes cattle around 7, sheep steady, Portland covers mixed cattle and pork markets, Seattle lists cattle 9.96–9.59 per cwt and sheep 7.35–7.90 per cwt. overall market softness and mixed loads.
Chicago June 24 grain report notes wheat prices fell 24 cents as selling by farmers and allied groups pursued. Government held stocks facing potential withdrawals while U S and Liverpool quotes showed downturns. Domestic sowing progress in the South and North American export activity influenced prices, with corn and oats dropping modestly and provisions steady. Drought and Canadian reports limited demand, with world stocks revealed as ample.
Copper demand remains heavy with a 0.25 cent rise in export and domestic markets. Foreign sales Tuesday reached 17.5 million pounds at 8.525 renta c.i.f European base parts, vs 10.76 million pounds sold Monday. Domestic price to 8.14 cents, delivered. American Brass Co raised copper product prices by a quarter cent and brass products by an eighth of a cent per pound.
Lewistown resident for 22 years and president of the Fergus County high school board of trustees died Monday after an operation. He worked 29 years as a Milwaukee Road conductor, was active in Masonry and a past commander of the Knights Templar. Survived by Marie Kleiner Rawls of Butte Noel Rawls of Los Angeles and his parents Mr. and Mrs. C Rawls of Plattsmouth Neb.
Washington reports President Hoover will delay action on silver until he settles his proposal for a year long moratorium on intergovernmental debts. Senate Finance Chairman Smoot and associates brought a revised plan to the White House but kept it private after consultations, signaling Hoover’s priority on reparations and war debt relief before addressing broader economic issues. Roadway earnings for several lines show declines versus last year amid ongoing financial reporting from New York to Minnesota.
The report shows freight loadings for the week ending June 13 at 7d240d cars, down 28,437 from the prior week and 193,613 from a year ago. Declines appear across grain, forest products, merchandise, coal, coke, livestock, and other categories reflecting softer economic activity.
Bozeman initializes the 13th annual Montana State Nurses association convention with delegates arriving for the opening session tomorrow. For the first time a student delegation from all 14 training schools will attend, featuring De Allard of Baltinge and a program highlighting architecture experts. The event closes Thursday evening at the Gallatin Gateway hotel.
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