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Newspaper
The Montana Standard
Location
Butte, Montana, United States of America
Date
Jun 08, 1939
Page
9
Buying in some of the higher priced issues moved the stock market forward another notch today. Final prices were mixed but gains outweighed losses. The Associated Press composite price of 69 stocks ended 1/10 point up at 48, highest since March 29.
New York bond list reports U S potato markets with California Long Whites and U S No 1 prices from 1.65 to 1.95 per cwt. Demand weak in some regions while Alabama Mississippi and Texas show decay in stock and moderate supplies. Idaho Russets remain about steady with U S 1 Burbanks around 1.25 to 1.50.
A list of residents and guests includes Mrs. T. C. Rogers, Mrs. Phil Hosking, and many others visiting or hosting at 801 West Copper street. Social events cover Philathea class at 4262 Dakota street, Banner Lodge meeting at St. George hall, and a church vacation reminder. The Rev. Rowland Davenport and family return from a three week trip to Kansas and Colorado, sharing travels in Denver and Yellowstone.
Chicago June 7 butter totals reach 1,086,844 pounds with firmer creamery at 93 score 24 2 cents per pound and 92 score 24 cents. Eggs number 27,632 steady with storage packed firsts at 16 42 cents and extras at 16 1/2 cents. Other prices remain unchanged.
Minneapolis flour market reports steady prices for 98 pound sacks and standard patents, with family patents at 5.45 to 5.65 per barrel and standard patents at 4.50 to 4.70. Shipments recorded at 14.575. bran priced at 16 to 16.50 per unit.
Mr and Mrs Gus Brusati and daughter Joyce left for Pocatello Idaho where Mr Brusati entered a business venture. Mr and Mrs Thomas Hawke visited Missoula for the State University professors parents and graduates banquet and baccalaureate exercises. Bill Hawke with relatives traveled to Garden City for the class graduation of Miss Marjorie Hawke. Mile High Theta Rho Girls club referenced.
The Guild of St Pauls Episcopal church sponsors a rummage sale Friday and Saturday at 313 East Park Street.
Chicago and South St. Paul reports show beef, calf, and hog markets with widespread declines in most killing classes. Cattle bids ease while hogs slide. sheep and lambs vary with regional price shifts in early June trading.
Cattle sale 3,000 head calves 30, light yearlings weak to 15c lower, midrange prices $8.00 to $9.25, heavy steers and fed heifers lower. Hogs 3,800 head steady to weak, top $6.35, 180 to 240 lb bids $6.15 to $6.25. Sheep 300 head, lambs lower, ewes $3.00 lower.
Denver notes US Department of Agriculture market report with cattle salable numbers and price ranges for calves beef cows bulls hogs by weight and condition. Cattle steady with beef cows down, hogs steady with varied weights, sheep weak to uneven due to Idaho lamb demand.
Port land reports mixed livestock prices with 200 calves and 700 hogs traded. Calves steady at 6.50 to 7.25. cattle including good beef cows around 6.75. hogs 165 to 215 pounds from 7.25 to 7.35. sheep and lambs steady to strong, outstanding springers at 8.50 and slaughter ewes to 3.00.
Spokane cattle prices show medium fed steers at 7.50 to 8.59, grass steers 7.00 to 7.50, common cattle 5.50 to 6.50, hogs up to 6.85 for 160 to 225 pounds, 6.35 for over 230 pounds, sows 4.00 to 4.50, sheep 53 head unchanged.
Seattle market report for June 7 shows cattle 100 head calves 66 sheep 449 hogs none steady price trends across categories with no sales figures or buyers noted.
USDA market summary from Ogden lists cattle including 50 calves none good at 654 per hundredweight, heifers at 6.35, cutter grades cows 465, medium good wearers 8.00 to 9.00, plain calves 6.50. Hogs 75 head steady to 10 cents lower, top 6.70 for fed choices, mixed kinds 6.60, few weighty cows 4.00.
Metal prices show copper steady at about 10.9 cents spot and 10.5 cents electrolytic export 10.2 cents. tin steady at 48.75 cents spot and nearby 48.50 cents forward. lead steady around 4.75 to 4.80 cents. zinc steady at 4.50 cents. quicksilver is listed at 86 thousand dollars per claim with no change in other metals such as pig iron aluminum antimony platinum and Chinese wolframite.
Curb stocks advanced fractions to more than a point in fairly active trading today. All sections shared the forward movement. Newmont Mining gained three points, American Gas & Electric, Carrier Corporation, Electric Bond and Share $6 preferred, New Jersey Zinc and United Light and Power preferred were up fractionally, Lake Shore Mining, Standard Steel, Beech Aircraft and Eagle Picher Lead had small losses.
In New York on June 7 trade in wool top futures was narrow with buying in July and hedging by Boston houses in distant positions. Antwerp and Roubaix fell, while futures closed unchanged to 5 lower with July at 82.0, October 80.0, and December 79.2. Spot standard tops remained at 85.5.
New York sugar prices on June 17 fluctuated with refined sugar quoted from 4.40 to 4.50 cents per pound as traders watched futures and domestic demand.
Sheep eight thousand four hundred pounds were not moved early. Four loads of 86-lb Idaho springers sold for $9.35 per hundredweight and other sheep brought $9.00.
Chicago futures showed small advances in wheat while July and September contracts faced selling pressure. Corn and oats rose modestly as weather trends favored warmth in western spring wheat areas and rain fell in Canadian wheat regions. Government report notes spring wheat conditions remain mixed amid high temperatures.
Portland Oregon June 7 Wheat futures closed July at 73 cents per bushel. Cash grain includes No 2 soft white oats 38 pound at 29 dollars, No 2 gray oats at 29 dollars, No 2 45 pound barley at 26 dollars, No 2 corn eastern year shipment at 27 dollars, No 1 flax at 1.78 and a half. Cash wheat bids show soft white 73 and western white 72 with various hard red and white grades ranging from 70.25 to 85 cents. Car receipts list wheat 33 flour 133 corn 6 millfeed.
Foreign exchange rates listed for June 7 show Great Britain at 4.6814 dollars with 60 days bills at 4.67 percent. Canada and Belgium figures appear alongside France Germany and travel rates, outlining cross border currency values and related fees.
Hogs were quoted in the Butte market with price ranges by weight. Choice hogs 160-200 lbs at 6 1/2 cents, 200-225 lbs at 6 1/2 cents, 225-250 lbs at 64 cents, 225-275 lbs at 6 1/4 cents, 275-300 lbs at 5 1/2 cents, 300-325 lbs at 54 2/5 cents, 325-350 lbs at 54 2/5 cents. Heavy sows and stags 4 to 5 cents.
Seattle report from June 7 notes butter eggs and cheese prices hold steady with little change in the market sentiment. Traders watch supply demand trends as producers and distributors monitor retail demand and wholesale quotes.
Severe hail and wind swept East Central South Dakota with widespread damage. An insurance adjuster quotes Sioux Falls losses at 250000 to 500000, saying most damage hit roofs windows signs and cars. hail stones reportedly weighed 14 ounces. The storm is described as the worst in memory for Eastern South Dakota.
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