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Newspaper
The Montana Standard
Location
Butte, Montana, United States of America
Date
Jun 02, 1933
Page
10
New York traders saw a calm session with metal shares and rails lifting prices modestly. Anaconda Copper advanced, Kennecott United States Smelting and Cerro De Pasco gained, while utilities lagged and several rail stocks climbed.
June 1 New York bond market closes with Liberty and Treasury issues trading around 102 to 104, including Lib 4th 33-38 at 102.29, Treas 4s 46-56 at 101.28, and various corporate and railroad issues showing mixed yields. Domestic listings include Allegheny Corp 4s, Can Ntl RR 4is, and Mont Pow 5s among others, with foreign issues from Argentina and Chile also noted.
Hogs were quoted by weight categories in the local market with values ranging from 41 cents for choice to 3.2 cents for extra light and multiple grades such as medium heavy 4 4%c and heavy 3%4c listed.
The local market reported flour at five dollars and twenty cents per unit yesterday. The quote reflects typical daily commodity pricing and may influence kitchen planning and shopper expectations.
Treasury receipts for May 29 totaled 6.36 million dollars with expenditures of 10.06 million and a balance of 333.82 million. Customs duties for 29 days in May reached 19.69 million dollars.
In refined sugar there were moderate withdrawals on old contracts and fair inquiry for second hand sugars. Prices were unchanged with refiners at 4.50 cents and second hands available at 4.35 cents.
New York June 1 call money steady at 1 percent all day. Time loans steady across 60-90 days at 1 percent, 4 months at 1 percent, and 5-6 months at 1 percent. Prime commercial paper at 14 percent. Bankers' acceptances easier with 30 days at 12 percent, 60-90 days at 15 percent, 4 months at percent, 5-6 months at percent.
A live hand grenade was discovered recently by a boy on the estate of the late Sir Thomas Lipton in Southgate England.
Paris will spend over 76 million dollars this year to beautify the city. The plan targets streets parks and public spaces with a focus on enhancements and public works.
Marion Davies opens at the Rialto in Peg O My Heart from J Hartley Manners stage hit Laurette Taylor originated the role 21 years ago. Davies portrays the Irish heiress who wedges into society and falls for the lawyer who arranged her debut amid high audience demand.
Irene Dunne appears in a new film at the American theater with strong feminine themes. The article notes women supporting their husbands during hard times and highlights Dunne's screen presence, star power, and the film’s appeal to female audiences.
The film stars Irene Dunne with Charles Bickford and Gwili Andre. Eric Linden Buster Miles Leila Bennett Christian Rub and others appear in the American presentation about a man who risks losing himself to a clever wife.
Janet Gaynor appears before a magistrate on unlawful entry and immigration law charges, risking deportation, in the Fox romance Delicious which closes today at the Park theater with co star Charles Farrell.
Colonel M Stateham, an archaeologist, was killed by a swarm of bees while working in a cave in Singapore Raipur district, Central Provinces of India. He died in hospital shortly after the attack.
Improvements begin this week at the Boy Scouts Lowlands camp with a cement floor and a split pool design. A 60 by 52 foot standard section and a 20 by 52 foot beginner area will be created, aiming for readiness by the camp opening on July 9.
A building dubbed the House of Rubber is on display in England. The structure features rubber floors walls and roof with window and door frames also rubber. Ebonite fittings are used in the bathroom and kitchen highlighting rubber as a primary material.
Perpignan bakers walked out over wage disputes halting bread production citywide. Union leaders warned the stoppage could stretch across days if negotiations fail while shoppers faced shortages at markets and bakeries.
Chicago on June 1 reports hogs 23,000 with steady to strong opening sales. 190-260 lb hogs bid $4.85 to $4.90, top $4.95 sparingly, most better-weight hogs around $4.75, light pigs $4.25 and down. Sows $4.30 to $4.40, light weights $4.50+. sheep 7,000 steady to strong, lambs $8, yearlings $6.65, ewes $3.15. cattle and calves 6,000 and 2,500 with fed steers $5.25-$6.25, best $6.75, heavy dealers higher on Kosher items.
Cattle 600 calves steady with most kids weak to lower. steers 5.50 to 75.75 at 682 lb. 680 lb heifers 5.75. stockers scarce. Hogs 2,300 with bids softer. top 4.60. 170-260 lb 4.40 to 4.50. sows 3.75 to 3.85. feeder pigs 3.75. Sheep 700 with prices strong to 15 cents higher. loaded shorn yearlings held. some fat lambs unsold.
Copper in the domestic market rose to eight cents a pound, a quarterly gain from Wednesday, marking a high not seen since 1931 when copper quoted at 101 cents for September delivery. Active inquiries at 70 cents a pound suggested a sizable tonnage could be sold, though no offers were available.
Boston reports the peak of the wool price structure is being maintained with expectations that prices abroad will rise further. Domestic wools move steadily at firm to slightly higher prices than last week, but volumes are smaller. The Agriculture Department cites limited availability of many wool types and slow Texas wools due to prior mill purchases.
Chicago June 1 Poultry and eggs prices list live poultry with 11 to 20 cents per pound by type including Leghorn hens and rocks. Butter and eggs decline slightly with new receipts and graded tokens. current and storage packed lots feature various cent ranges.
June 1 Portland market notes close wheat futures July 60 5 1 2c, Sep 62c, Dec 64 3 4c. Cash bids for Big Bend bluestem 68c, dark hard winter 69 1 4c, 11 per cent 65 3 4c, soft white and hard winter 60c, western white 58c. Oats No 2 white 22 50. Car receipts wheat 45, flour 10, oats 1.
Metal markets in New York on June 1 show electrolytic copper strong at 8c spot and future. Tin barely steady at 40.75 dollars spot and 41 dollars future. Iron quiet unchanged. Lead steady at 4.10c. Zinc firm around 4.35c. Antimony spot at 6.35c.
Copper bids at 6 and 6 1/2 percent with related asks. Quincys and Haitock listed with 3 percent. Miner stocks including Mohawk at 12 to 13 and Mohawk Mines at 3 to 3 percent with Utah and Butte entries and other small bids and asks.
Salt Lake mining names appear with bids in a June 1 listing from Winthrop Mitchell & Co. The table shows bid asked bids for several mines and entities including S K Coal, Chief Con, Sil Shield, Lilly, Tintie, Moscow, W Mining, Mt C Cop, and Rico Arg, with varied percentages and mils.
In New York on June 1 speculative buying returned to the curb market after an initial reaction. Prices rallied as oil and public utilities led the recovery with Gulf of Mexico up 2% points Humble up 14 and International Petroleum up 14 percent at a new 1933 high. American Gas led power shares up about 2 points while General Tire and Rubber soared over 9 points to new 1933 highs. Newmont Mining hit a fresh 1933 top. Motors eased slightly.
USDA market notes show on track 178 potatoes in transit and 583 shipments nationwide. Old stock holds strength while demand remains moderate. Wisconsin round whites quoted at 85 cents to 1 dollar, Idaho russets at 1.50 to 1.75, with new stock firm and moderate supplies. Regional prices include Triumphs in Alabama and Louisiana at 2.35 to 2.40, with some earsly bids at 2.50 and decayed stock around 2.15 to 2.30. Mississippi Triumphs listed at 2.35.
Reports of possible inflationary moves from Washington sparked a sharp grain price recovery led by Eastern interests. Wheat closed irregular and higher on the day, corn and oats mixed, with hog market weakness pulling provisions lower amid changing acreage figures for the season.
Wheat markets show 76 cars down from 126 last year. Cash bids list No 1 northern 74s to 78 1 4c with protein levels 12 to 15 percent. No 1 amber durum and red durum prices shown. corn oats barley rye flax and sweet clover seed quoted with varying cents per bushel and pound values.
Sparse readable lines show Minnesota June 1 wheat data with open high low and close figures for Sept futures. Notable values suggest modest shifts in price with minor percentage changes amid limited legible context.
The market shows firm foreign exchange with Great Britain at 3.99 percent demand and 3.997 for cables, 60 day bills at 3.98. France demands 4.67 with cables at 4.67, Italy at 6.17, Belgium and Germany around 16.60 and 27.75, plus Montreal and New York conversions at 88.56 and 112.87.
Fernando Osorio, arrested for disturbing the peace, was ordered by Judge Harry V. Brenton to leave Kings County or serve 30 days in jail. He chose exile, moving across the county line into Tulare County.
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