This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!
This newspaper page contains 15 articles. Subscribers can read the full text of each article.
Newspaper
The Montana Standard
Location
Butte, Montana, United States of America
Date
Jun 06, 1950
Page
12
New York June 5 The stock market posted the second sharpest drop of the year as selling pressure hit leading issues and broadened into most groups. The Associated Press average eased to 78.1, down .8, with industries and rails the weakest sectors. Trade totaled about 1.63 million shares.
New York June 5 Directors of General Motors Corporation proposed a stock split giving two shares for each existing share. If approved ownership would rise to about 88 million shares, the largest outstanding since the company’s founding. No date set for a stockholders meeting. GM stock traded near a 21 year high before profit taking trimmed the price to 88.50.
New York June 5. Wool tops and wool futures held firm as dealer and commission house buying supported by a tight raw wool market. Estimated sales were 280000 pounds for tops and 258000 for futures with futures closing 1.0 to 2.0 cents higher.
Bonds close with AT and T 2 percent 75 at 100 percents. D and Row 3s 4s 93 at 97. Gt Nor 2s 61. Nat Dairy 2s 70 at 102. Tex Corp 3s 65 at 105.
In Chicago trading, corn and oats held up amid a broad market downturn on Monday. July soybeans fell sharply after initial strength, then recovered slightly. wheat and rye slipped while lard dropped. Visible soybean supply for the week reached 6.293 million bushels, up from 6.689 million last week and well above last year’s 2.918 million.
Curb close reports show varied results for many industrials and utilities. Stocks such as Alum Co of America, Bank Hill, Cities Service, Royal Dutch, Standard Oil affiliates, Ford Motors, Gt Atl & Pac, Humble Oil, and Kaiser-Frazer traded with modest changes. Notable movers include Int Petrol, Niag Hud Pow, Sherwin Williams, and Todd Ship, reflecting mixed sentiment on the day's activity and sector strength.
Spokane market summary shows First Bank stock bid 22 percent and asked 22 percent, Northwest Banco bid 32 percent and asked 33 percent, with Mont Power at 6 bid, 115 asked, and 117 asked. Furnished by J A Hogle Co.
South St Paul June 5 cattle salable 4,000 calves 1,500 slaughter steers and heifers 65 percent of run 30 percent cows fairly active mostly steady bulls strong. Hogs salable 7,000 bids slow early butchers 250 lb down light weight sows steady good and choice 190-250 lb butchers 20, good and choice light weight sows 18.75.
Minneapolis June 5 report lists unchanged prices for several flour types. Family patents at 6.90, standard patents 5.85, standard braw 45.50, standard middlings 51, Red Dog 56. Prices reflect steady market with no changes announced.
The Associated Press notes soybeans and wheat tumbled on the Board of Trade as July soybeans dropped near 10 cents, with selling driven by large commission houses and local traders. Wheat faced hedging pressure. mills offered limited support while harvests rise and early yields surpass expectations. Corn held up somewhat aided by export sales. Prices for other grains and cash sales details follow.
Spokane June 5 cattle sale shows salable 800 head, calves 200, demand steady to higher for some categories. Slaughter steers scarce, heifers and cows near steady, bulls unchanged, stockers firm. Feeder yearling steers 25 to 26.25, vealers 30 to 32, hogs moderate with butchers 25 to 50 cents higher, sows firm to 50 cents up, sheep 150 head with no early action.
Sioux City market data show cattle salable 7,600 with varied demand by class. Hogs 8,000 salable with slower bidding but clear price tiers by weight. sheep 2,200 offered with strong lamb values for a single load. Prices span steers, heifers, cows, bulls, vealers, replacements and sausage products, including new highs for certain load weights.
Bid and asked prices listed for numerous mines and associated companies across Utah and neighboring regions. Prices show a range per mine with percentage changes and percent premiums where noted, including Ely, Nor Lily, Con Il1 and Eur Mines.
Chicago June 5 report shows butter receipts for two days at 1,055,388 with wholesale prices steady except carrots down 0.04 to 0.93 for 93 score AA and varied grades. Eyes top steady. balance unsettled. Two-day carrot receipts. wholesale prices unchanged for U S extras and standards. various dirties and checks around 25.5 to 26 cents.
Minneapolis grain notes June 5 show wheat receipts Monday at 538 and trading prices down about one cent. Cash bids: No 1 dark northern or No 1 northern 2.29 to 2.32, heavy 1 cent premium. No 1 hard Montana 2.27 to 2.42. No 1 dark hard winter 2.26 to 2.29. milling durum 2.34 to 2.42. red durum 2.18. Corn 1.41, oats 0.875 to 0.88, barley 1.06 to 1.70, rye 1.40 to 1.42, flax 4.10, soybeans arriving 3.02.
We want people to find what they are looking for at NewspaperArchive. We are confident that we have the newspapers that will increase the value of your family history or other historical research. With our 7-day free trial, you can view the documents you find for free.
People find the most success using advanced search. Try plugging in keywords, names, dates, and locations, and get matched with results from the entire collection of newspapers at NewspaperArchive!
You can also successfully find newspapers by these browse options. Explore our archives on your own!
Browse by location and discover newspapers from all across the world.
Browse by date and find publications for a specific day or era.
Browse old newspaper publications to find specific newspapers.