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Newspaper
The Montana Standard
Location
Butte, Montana, United States of America
Date
Jun 10, 1944
Page
6
New York June 9 A mixed session as selective issues led gains in some sectors. The Associated Press 60 stock average rose .1 point to 52.8 with 840 257 shares traded, down from 861 000 the prior day.
United Press reports a June 9 salt lake city market listing of mining stock bids and asks with prices for Naildriver Mits a 3% New Park New Quinc North Lil Silv No Stand Golo Con Ohio Cop Com Mils Park Bing Pk C Con Croft East Stan Nelson BT Coal Park Prem East Utah Pk Utah Bur Bull Plumbie L Con 8K Coal Tint Cent Kennebec Tint Lead Keystone Tin Stan Victor Con Mammth Walk Min Wilbert Zuma and other entries reflecting bid and ask levels across multiple mines and companies.
The Butte market shows steady to strong demand for slaughter cattle with high prices for choice fed steers from 14.50 to 15.50 per cwt and common steers at 9 to 12. Cows, heifers, and feeders move in narrow ranges. hogs steady with prices up to 12.50 for 180 270 pound weights. sheep receipts light with lambs and ewes priced from 4 to 13.50 per cwt depending on class and weight.
German WWII prisoners surveyed by Army guards express bleak outlook for Germany. An Atlantic defense labor group includes Belgians Italians Russians Poles French and others. Interpreter Frank Weil facilitates, noting Italians cluster separately and a German warrant officer cites disinterest in the conflict.
President Franklin D. Roosevelt announced an expected visit from Gen Charles De Gaulle head of the French National Committee of Liberation. De Gaulle is in London for talks with Prime Minister Winston Churchill.
Chicago reports show short covering in wheat on news of rust damage in Texas but heavy profit taking left futures only slightly higher. Prices slipped at open then moved with wheat. July rye near seasonal lows while deferred months set new lows. Agriculture forecast raises winter wheat production to a record 714 million bushels, with total wheat output pegged at 1.034 billion.
Sioux City cattle and hog markets showed varied demand with calves, steers, and yearlings weak. cows and canners steady to lower. Hogs remained active with top prices around 13.45 for 200-270 lb butchers, while sheep and pelts saw limited activity and prices listed for various grades.
U S liberator station in England reports Jimmy Stewart, the former movie star, promoted from major to lieutenant colonel. Brig Gen James Hodges says Stewart, now group operations officer, has flown 14 combat divisions and earned the Distinguished Flying Cross and Air Medal with Oak Leaf Cluster. He was promoted to major last January and has participated in attacks on Berlin Brunswick and Frankfurt.
Salable hogs 8 000 total 14 000 slow generally steady with top hogs 180 270 lb at 13 75 and 280 330 lb 11 60 12 15 mostly 12 down 150 170 lb at 12 13. 180 270 lb weights about 15 000 unsold. Cattle 1 000 calves 500 steady undertone on well finished offerings. dairy bred 1 100 lb 14 40. heifers 10 13 50. cows weak 50 70c decline late week. dry. Bulls 11 12 25. vealers 16 down. Sheep 1 500 steady 100 lb lambs 16 15. ewes 7 25.
New York June 9 wool futures show irregular trading after weak bid activity. Hedge selling and profit taking eased through scale down trades and local covering with estimated wool tops sales at 200000 pounds. Grease wool futures slip .2 to .3 cent while tops edge from steady to .2 cent rise.
Foreign exchange rates on June 9 show the Canadian dollar at 95/16 discount or 90.68 U S cents, down .12 of a cent. British official rates list buying at 4.02 dollars and selling at 4.04 dollars.
The Boston wool market moved to a war influenced focus with buyers watching news bulletins. Demand remained solid for domestic and foreign grades, especially graded lots, shorn blood grades, and pulled wools, while scarcity limited sales and production. Foreign wools and nearby shipments remained active for immediate needs.
In a soft session in New York on June 9, curb stocks edged lower with Creole Petroleum and Humble Oil down fractions while Cities Service edged up. International Petroleum and Puget Sound Power and Light eased, Electric Bond and Shore rose slightly, and Jacobs Company St. Regis Paper and Republic Aviation posted small gains. Lake Shore Mines held steady as March quarter earnings drifted down.
Montana Power stock preferred 6 series bids 106 asked 108. First Bank stock bids 15 percent asked 16. 66 Bank stock bids 18 percent asked 18.
Cattle sale totals 2,100 salable calves 1,700. prices steady to lower across classes with cows and stockers weak. Hogs 11,000 salable with steady to higher hog quotes and sows up modestly. Sheep 2,000 opening fairly active with shorn lambs and ewes at varied but firm prices.
Chicago June 9 reporting weaker demand for California stock with 1 017 supplies moderate and market slow for best quality long whites while Triumphs show moderate demand and firmer market. Louisiana Bliss Triumphs No 1 priced at 3 804 25 dollars.
Chicago June 9 butter receipts total 1,023,599 with market unchanged. Egg receipts 15,817 also reported with market unchanged.
Ocean of clues with many entries across and down covering waste silk caresses to yesterday's answer. Includes words like network broken cliff dispatched symptoms of epilepsy sea mammal harass and other varied terms across a standard puzzle grid.
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