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Newspaper
The Montana Standard
Location
Butte, Montana, United States of America
Date
Jun 07, 1946
Page
12
New York June 6 The stock market steadied as rails industrials and utilities showed general firmness though leaders were neglected in lower territory. Carriers led midday gains amid oversold expectations while many issues saw no spark due to labor strikes and seamen walkouts.
Public notice for State Board of Examiners in Helena seeks bids on bodily injury and property damage liability fire theft and medical payment endorsement and non ownership endorsement. Firms must provide $500 bid bond, use Montana licensed insurers, and deliver policies by July 1 1946 with a June 25 bid deadline.
Oats trading grew in the pits with prices finishing mixed after early gains. The session saw profits taken near the close erasing most of the advance while July and September corn rose to within 8 cents of their highs and July soybeans stayed near unchanged.
In New York on June 6 7 wool tops futures moved within a narrow range as Boston dealers covered shorts while profit taking limited gains. Estimated sales reached 60 000 lbs with futures for March 1947 at 94 0B and certificated spot tops at 133 0B.
Chicago on June 6 USDA shows arrivals 243 on track 467 total U S shipments 1544. New stocks heavy supplies demand slow market weak. California Long Whites 2.90 3.15 Alabama Bliss Triumphs 2.65 3.15 Louisiana Bliss Triumphs 3.10 all 0 8 No 1 quality in 100 lb sacks.
Butter firm receipts 316,622. market unchanged. Eggs steadier with receipts 27,443. Us extras and standards quoted in local lots and cars with prices around 34 to 37 cents. Current receipts 31.5 to 32 cents. dirties 30.5 cents.
New York bonds closed with AT and T 2% at 75 and 200 for AT and SF 4s of 1895 at 37% or 37.5 percent. C&O 3s of 1896E at 105%. National Dairy 2% of 1971 at 85 and Union Pacific 3s of 1890 at 106.
Minneapolis reports on June 6 noting wheat receipts for Thursday at 202 against 203 last year. Trading basis remains unchanged with cash wheat quotations at ceilings.
Spokane cattle salable 154 unchanged hogs 62 total 195 unchanged sheep 27 unchanged report from Spokane on June 6 with livestock market activity and steady supplies.
Local market update shows cattle demand from packers and shippers with 3 200 total cattle including 1 400 salable calves. Steers and heifers steady with top weighty steers around 17 25 and loads near 17 10. Cows bulls and hogs hold steady to firm with hogs at ceiling 14 40 and sows 13 88. Sheep and lambs active and steady with wool lambs 16 16 50 and pelts around 34 75 to 15 50.
Cattle salable 3 500 total 3 600 calves salable and total 25 strong demand for shipping steers and heifers with few sales above 17 50 per cwt bulk choice steers 1 223 lbs at 17 65. cows scarce strong. hogs salable 3 400 total 3 700 active firm barrows and gilts 14 50. sows and stags 13 75. feeders around 16 50. sheep small offerings steady with lambs at 15 16 per pair.
New York observed a fluctuating curb market with moderate volume as many issues declined irregularly. Declines reached about two points in South Penn, Central States Electric, and Brazilian Traction, Light and Power, while several issues advanced including Cities Service, Hygrade Foods, and Sterling Aluminum.
Hog receipts 21 head top on choice butchers 14.75, sows 11 to 12, feeder pigs 11.50. Sheep 36 head with lambs 11.50, fat ewes 5.76. Cattle receipts 268, steers and heifers at various grain-fed levels, cows and bulls priced up to 13.65. Stockers and feeders show mixed prices. Strong demand across cattle trades, but no top grade fat stock. Pemex to spend 7 million dollars on a Salamanca refinery and oil line.
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