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Newspaper
The Montana Standard
Location
Butte, Montana, United States of America
Date
Jun 05, 1941
Page
8
New York June 4 Stocks extended gains for a third straight session lifting the Associated Press average 60 stocks by 0.1 to 40.2 points as aircraft and defense industries buoyed gains. Coal shares led late-day gains amid fuel oil shortage fears and anticipated East heating needs.
Sioux City market summary June 4 shows cattle: calves steady to steady for light weights with some better bids. hogs active early and higher with top at 9.25. sheep and lambs steady with buyers asking higher on fed lambs and spring breeds. Cows steady to strong, feeders quoted, hogs and sheep numbers noted.
New York lists late rates for foreign currencies. Official Canadian control board quotes buying at 10 percent premium and selling at 11 percent premium with discounts on Canadian dollars. Canadian dollar in New York open market at 11 percent discount or 89.00 U S cents. British rates 4.02 buy and 4.04 sell with open market and cables 40.314. Germany 40.05 nominal and benevolent 20.45.
Portland grain market reports Sept wheat at 83 1/2 cents and cash grain prices for oats No 2 at 28.50 dollars per 38 pound, barley No 2 at 27 dollars per 45 pound, flax at 1.79 plus percent, with various cash wheat bids for soft white and hard red winter varieties and car receipts listed for wheat flour and millfeed.
Butter receipts total 1,163,267 with various scores and prices across creamery entries. Centralized carrots listed at 34%4c and 331¢ for 88 to 93 scores. Egg receipts reach 23,339 with storage packed extras at 25% of firsts and 25c. other prices unchanged.
New York sugar markets reported fair demand for refined sugar at the day-to-day price of 4.96. The market tone remained steady with buyers showing solid interest in the current price level.
Secretary Ickes warned of a looming oil shortage and urged hard budget choices. He advocated petroleum conservation and proposed nationwide daylight saving time to save energy, saying American industry and citizens could help meet the challenge.
Petroleum experts warn of a shortage of refined petroleum moving from the South western oil fields to the East, with deficits starting in July and worsening through autumn. To protect defense output they urged rigid usage limits including gasless Sundays and lowering oil heated home temperatures by five degrees.
Seattle market notes cattle 50 salable hogs 200 70 salable sheep 140 none salable demand remains good and market steady.
In New York on June 4 grease wool futures edged higher by 1.1 to 1.2 cents as hedging limited and prices rebounded from losses. July to October shifts kept the gains, with July at 93.5 and October 93.8 bids while December stood at 93.7. Certificated grease wool spot traded at 93.2 for one lot. wool top futures fell 1 to 3 of a cent with July 128.0 and October 124.8 bids. certificated top spot at 130.5 nominal.
Representative Edelstein of New York collapsed outside the House chamber after delivering a floor speech. Capitol physician Dr. George W. Calver said heart failure caused the 53 year old congressman, whose death stunned colleagues gathered at the scene.
Minneapolis notices flour prices in 98 pound sacks with 98 pound sacks for family patents and standard patents and shows shipments totaling 12 925. Prices remain unchanged at 6.55 to 6.75 per barrel for 98-pound sacks and 5.25 to 5.45 for standard patents.
Chicago reports a steady cattle market with 11 000 salable calves and strong yearlings, medium grade steers at 850 1 000 lbs, price ranges around 11 12 per cwt, prime yearlings above 13 50, heavy bulls above 12 on rare offerings, cattle demand firm at 9 75 11. Hogs open higher but close with limited gains, typical weights 180 330 lbs at 9 35 9 50, sows 8 50 8 75.
Cattle 6 300 salable calves 140 total 250 market active with steers weak to 15 cents lower. best prime 10 25 to 10 75, load 10 75, bulk medium to good 9 to 10. heifers 8 75 to 9 75. cows scarce and firm. bulls steady. feeder fleshy steers around 59 70 to 9 50. Hogs salable 3 900 total 4 700 slow but steady to five higher top 9 30. good and choice 190 300 lb 9 15 to 9 25. 300 375 lb 9 0 to 9 15. good 160 180 lb 9 0 to 9 15. sows 8 75 to 8 85. lambs opened strong to higher with Californias up to 12 per three loads. natives 78 to 97 lb clipped lambs 9 75 to 10. ewes 3 50 to 3 75.
Cattle sales show 1,900 salable with calves total 2,000. steers bring 9.75 to 10.40, cows 6.75 to 7.10, vealers around 14 down, stockers scarce. Hogs 500 salable, 1,300 total. top 9.60, 180–270 lb 9.45–9.55, 270–300 lb 9.35–9.45, sows 8.50–8.85. Sheep 1,300 salable. native lambs 11.50–11.60, best above 11.75, ewes 2.50–3.75.
Copper steady electrolytic spot at 12c export f a s New York 11.50 12c. Tin steady spot and nearby 52.25c forward 52.10c. Lead steady spot New York 5.85 5.90c East St. Louis 5.70c. Zinc East St. Louis spot and forward 7.25c. Pig iron aluminum antimony quicksilver platinum Chinese wolframite and domestic scheelite unchanged.
NEW YORK June 4. Curb stocks held an irregular pattern in late dealings. Volume was small with advances in Glen Alden Coal and American Gas and Electric and Eagle-Picher Lead. Losses were small with Jones and Laughlin Steel New Jersey Zinc Puget Sound Power and Light Beech Aircraft and Bell Aircraft lower.
Wheat extended a weekend rally to more than six cents but trimmed gains in the final hour as soybeans and corn weakness spurred profit taking. July and September wheat near seasonal highs before closing mixed or slightly lower. December led initial gains on talk of a farm loan rate near 98 cents.
South St. Paul notes cattle salable totals around 3 300 calves 2 200 yearlings and light weight steers steady to higher with several loads at 10 25 to 10 75. Hogs 7 000 salable 8 000 total slow with top at 9 30 and feeders mixed 9 25. Sheep 500 salable with good to choice lambs 3 50 to 4 25 and spring lambs 11 50 moderating supply shows broad demand.
Butte market reports hog prices by weight with choices for 160 to 200 pounds at 9.44 dollars per hundredweight and 200 to 225 pounds at 9.0 dollars, 225 to 250 pounds at 8.4 dollars, 250 to 275 pounds at 8.14 dollars, 275 to 300 pounds at 8.0 dollars, 300 to 325 pounds at 8.0 dollars, and 325 to 350 pounds at 7.0 dollars. Extra heavy sows and stags range from 5 percent to 6.40 dollars per hundredweight.
Wheat receipts today total 110 cars, up from 47 a year ago, with trading basis unchanged. Prices shown include No 1 heavy northern 97 3 4 to 97 3 4 cents, No 2 96 1 4 to 96 3 4, No 3 95 1 4 to 96 1 4, and various Montana and durum varieties. Corn No 3 yellow 63 1 2 to 66 1 4, oats 32 1 2, rye No 2 55 to 58, flax No 1 1.75 to 1.80, sweet clover seed 4.00 to 4.50.
USDA report shows arrivals 129, on track 240, total shipments 747. Markets steady with moderate supplies and fair demand for California Long Whites and Idaho Russets. Prices listed include U S No 1 California Long Whites at 2.45 to 2.50, Alabama Bliss Triumphs 2.17, Idaho Russet Burbanks 2.10 to 2.50, North Dakota Cobblers 0.85 to 1.10, Early Ohios 1.10, Wisconsin Round Whites 1.00.
Spokane June 4 cattle salable 90 total 174 calves good to choice $11.00 12.00 hogs salable 174 total 482 sheep salable six genuine spring lambs 15¢ lower $10.00 10.50 others unchanged
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