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Newspaper

The Montana Standard

Location

Butte, Montana, United States of America

Date

Jun 22, 1934

Page

12

Inertia Rules on Wall Street Prices Decline

The New York stock market entered summer doldrums as inactivity rose and prices drifted lower. Trading volume fell to 487110 shares, with Standard Oil of New Jersey and other oil issues down modestly. Wheat and other grains dropped as new and old grain arrivals pressured futures prices.

Frederick Gardner New York Wall Street Financial District Stock Exchange Treasury Standard Oil New Jersey Standard Statistics Co Chicago

New York Bond Prices Close Mixed on June 21

Today's New York Bond Market closes show Lib 3s at 32 47 and Treas 4s around 112.24 with mixed movements across issues. Notable entries include Goodyear Ss at 100 digits, AT & T 4s near 39 and Texas Corp Ss around 102 75 while several railroad and utility bonds display varied bids.

New York U. 5S. Liberties Athen Ae Chile Ecses Cuba Occas Eee D&g Bs Covecs D&rg Rig Bots Cvecaseres Adicotece Secver Ont Goodrich Goodyear Ss Eves Cpeaior RY Bumble Oil Pe Ours DD Ccoucavas Okniseral Mont Pow Mont Pow C & HR Pac’g & E Ceeces Silesian Am Col Sinclair Eebee Sonj Deb Bs Een Lee & Ony Texas Corp Ss Sceedeoves West Pac Ist AT & T AT &Sf Besbieeade West Union Utah P & L Bs Asn Ccesecs

Sugar Refiners Plan 10 Point Rise To 4.15 Cents

New York June 21 refined sugar market shows all but one local refiners set to advance 10 points at opening tomorrow, moving to 4.15 cents per pound for fine granulated sugar from the prior 4.65 cents.

New York

Texas Wool Clip Sold to Eastern Mill

Kerrville wool from Texas totaling about 1,000,000 pounds was turned over to an eastern mill via a Boston house. The scoured price is estimated around 70 to 75 cents delivered. Boston holders seek about 89 cents scoured for average wool and around 83 cents for ungraded 12 months Texas wool.

Boston Kerrville Texas U. S. Agriculture Department

Closing Grain Letter from Winthrop Mitchell & Co

Chicago report notes showers and storms in the Great Lakes and lower Missouri valleys with fair weather in north central states. Wheat prices softened despite early firmness as hedging pressure and persistent crop deterioration weigh on sentiment.

Chicago Great Lakes Southwar Missouri Valley Oklahoma Ohio Valley Plains States Canada

Corn Market Fluctuates Amid Government Release Talks

Traders note rains accounted for the decline while maintaining higher long term price expectations. Corn sales total 32 000 bushels with 70 000 bushels booked for arrival and spot basis holding steady. Early independence gave way late as rumors of government loan release near maturity circulated, with loans repaid covering about 5 million bushels, largely easing local feed shortages rather than entering commercial channels.

Spokane List shows varied bid asks from Boston brokers

In Boston on June 21 bids and asks appeared for multiple firms including Quincy, Isle Royal, Swift & Co, Mohawk, Nip Mines, Utah Apex, Butte, and Utah Metals. The report lists percentage bids and asks for each issuer, reflecting market activity as compiled by Winthrop Mitch LW & Co.

Boston Winthrop Mitch LW & Co Quincy Ite Isle Royal Swift & Co Mohawk vi Nip Mines Utah Apex Butte Utah Metals Spokane Winthrop, Mitchell & Co Pendereilli Ambergris Prem Gold Big Mo Sher Bunkerhill Golconda Sunshine Grandview Sidney Hecla Tamarack Jack White Metaline W Life McGillvray Wwe

Hog Market Steady As Markets Report Mixed Prices

Chicago cattle buyers report 8 000 calves and 3 500 fed cattle with mostly steady values and tops around $9 for long yearlings. Hogs 18 000 traded slow but largely steady with tops at $5.25 and weights over 220 pounds near $5.15. Sheep 6 000 steady with spring lambs at $9.25 and light-weight yearlings around $6.60.

Chicago

Market Report FromOgden Utah Hogs Cattle And Sheep Prices

Hogs receipts 455 with 155 to Los Angeles and 126 to Pomona packers demand steady mixed lots at 4.85 to 5.00 per hundred. sows around 2.75. Cattle receipts 116 slow market with some cows around 2.25 and bulls at 2.30 to 4.50. no steady demand for steers or heifers. Sheep receipts 6744 with Idaho and Chicago/Omaha destinations. ewes 2.50 to 2.25, yearlings up to 6.25 to 5.45, drive-in lambs mostly 7.25 to 7.50. wethers 3.75 to 3.50. aged kinds down to 2.00.

Ogden Utah USDA Los Angeles Pomona Chicago Omaha Idaho

Cattle Hogs and Sheep Prices Mixed in Omaha Market Report

In Omaha on June 21 USDA market notes show cattle and calves steady to higher with gains of 10 to 15 cents for fed steers and yearlings, vealers at 5.00 to 5.25 top, cows steady to strong with beef cows around 4.25 to 7.0, and hogs steady with early sales 5 to 10 cents higher. Sheep and lambs trend strong to higher with native lambs above 8.75 and California fed lambs around 9.00.

Denver market report cattle hogs and sheep round up

Denver market notes cattle 600 calves 100 bulls and cutters steady to strong bulls 2.50 to 3.50, heifers 6.10, cows 2.50 to 3.75, vealers 6.50 down, Wyoming feeders 5.50, stock heifers 3.25. Hogs 2,000 active steady top 5.15 180-250 lbs, bulk 170-300 lbs 5.75 5.15, sows 3.50. Sheep 3,300 native lambs steady 6 7 25 to 9. best spring lambs above 9, shorn yearlings 5.50, shorn ewes 2.25.

Denver Wyoming

Farm market prices report from South St. Paul

Cattle receipts 2700 with steady to lower trades for steers yearlings cows and bulls. calves 2800 weak. Hogs receipts 4600 with lights steady to firm, sows higher. pigs and best lights firm. Sheep receipts 500 steady with ewes and yearlings mixed.

South ST. Paul Minn USDA

Portland Market Report Cattle and Sheep Prices

Portland USDA market notes show cattle receipts around 100 with 150 calves. Grass steers 950 pounds bring 5.50 while common to medium steers 680-950 pounds fetch 3.50 to 4.00. Medium cows 3.00 and good bulls 3.00 to 3.50. Sheep receipts 700 with 72-pound lambs at 7.00 and yearlings 177-83 pounds around 3.50. spring lambs up to 7.25.

Portland USDA

Market Report from Seattle Cattle Yard

Seattle on June 21 reports hog receipts 384 head and no cattle or sheep receipts. no changes in prices or stock movements observed.

Seattle

Cattle, Hog and Sheep Receipts Reported Steady

Spokane Wash June 21 cattle receipts 265 hogs 54 sheep 29 all steady and unchanged reports show market activity stable with no price shifts.

Spokane

Potatoes Prices Reported Across Markets

Chicago June 21. USDA notes good new stock steady prices for Alabama Louisiana Cobblers and North Carolina potatoes. U S No 1 Alabama sold 1 55 to 1 60 with decayed variety 1 45 1 70. U S No 1 Louisiana 1 40 1 50. U S No 1 Arkansas Cobbler 1 50. North Carolina U S No 2 1 05. Oklahoma U S No 1 1 40. Barrels North Carolina 2 35. Total U S shipments 1 328 old stock hull moderate demand light no sales reported. New stock steady and trading slow.

Chicago USDA U. S Alabama Louisiana Arkansas North Carolina Oklahoma

Metal Markets Report Mixed Prices Across Commodities

New York metal markets show copper at 9 1/2 cents for Blue Eagle futures and spot, tin near 50 87 dollars per ton, iron steady, lead at 4 3/4 cents, zinc around 4 1/4 cents. Antimony listed at spot price.

New York Blue Eagle East St. Louis

Oils Lead Curb Market In Op

New York June 21 Oils led curb stocks lower in late trading after a choppy session. American Gas and American Sugar each held small gains. Fisk broke about one point unsettling prices. Canadian alcohol issues edged down, mining issues eased, Aluminum Company fell two points while packing shares posted fractional gains.

New York UIP American Gas American Superpower Fisk

Call Money Steady in New York Markets

Call money in New York on June 21 held at 1 per cent for the day. Time loans remained at 1 per cent for 60 days to 6 months. Prime commercial paper quoted at 1 per cent. Bankers acceptance rates unchanged. Rediscount rate at the New York Federal Reserve stood at 1 per cent.

New York New York Reserve Bank

Seattle produce prices in steady summer trading

Seattle June 21 market report shows butter with extras at 22 cents, standards 21, prime firsts 20, firsts 18 and prints 25 to 26 cents. Eggs list extras 20 cents and mediums 18 cents. Cheese triplets 10 1/2 cents.

Seattle

Plastic surgeons offer new face at no cost

Beckley West Virginia report states Garland Snuffer 22 of Gilenwhite sustained severe facial injuries when a circular saw removed jaw forehead nose and teeth. Surgeons plan to graft new skin and bone on his face within weeks at no charge.

Beckley W. Va Garland Snuffer Gilenwhite Snuffer

Gipsy Musician Leaves Gifts for Gypsy Museum

Budapest reports Karoly Bura renowned gypsy musician died here leaving jewels and gifts from kings and titled persons. He bequeathed most mementos including letters from ex President Hoover and Premier Mussolini to form the nucleus of a gypsy museum.

Gipsy Budapest Hungary Karoly Bura Hoover Mussolini

Moscow to Become Large Inland Port

Moscow Russia is to be transformed into a major inland port with a new canal linking the Moskva river to the Volga. A fleet of river steamers is under construction to navigate the waterway allowing 10 000 ton steamers to reach the capital and ease railway congestion.

Moscow Russia Moskva Volga

Wheat 17 Under June First Top

Chicago June 21. Wheat fell sharply amid heavy selling at domestic centers as harvest operations boosted arrivals 1,169,000 bushels. Prices closed at the day’s low 21.5 cents below yesterday, with corn oats and provisions also lower or steady despite hog value strength.

John P. Boughan Chicago Iowa

Minneapolis Grain Prices Show Mixed Wheat Declines

Wheat receipts total 73 cars with declines of 5 cents across varieties. No 1 northern quoted around 96 3/4 cents, dark northern near 93 to 99 1/2 cents, amber durum about 110 to 116 cents. Red durum 85 to 86 cents. July at 92 cents and Sept at 90 cents. Corn No 3 yellow 52 1/2 cents. Oats No 3 white 40 to 41 1/2 cents. Barley 45 3/4 to 96 cents. Rye No 2 63 to 66 1/2 cents. Flax No 1 181.1 to 186.4 cents. Sweet clover seed 3.50 to 3.75.

Dee Seane Minneapolis Minn Montana

Portland Wheat Market Report June 21

Close wheat quotes for July and September at 73c. Cash bids include Big Bend blue stem 72c, dark hard winter 76c with 12 percent grade or 11 percent 71c, soft white and western white 7lc. Oats No 2 white at 26.00. Receipts list wheat 11, barley 1, flour 3, oats 3.

Portland Big Bend

Chicago Produce Market Report Consolidates Poultry and Dairy Prices

Chicago June 21 market note lists live poultry rates for 38 trucks of hens and leghorns with prime prices for fryers and roosters, plus colored varieties. Rock fryers and spring ducks show varied cents per pound values. Butter and eggs also posted as steady with no price changes.

Chicago Rock Springs

Foreign Exchange Rates Steady in New York Market

On June 21 in New York foreign exchange remained steady with Great Britain at 5.03 for demand and cables and 60 day bills. France quotes 6.59, Italy 8.59, Belgium 23.26, Germany 38.13. Montreal in New York 100.50 and New York in Montreal 99.50 are also shown.

New York Great Britain France Italy Belgium Germany Montreal

Butte Hog Market Prices Reported In Local Listings

Hogs were quoted in the Butte market yesterday with classes ranging from choice to extra light. Prices listed include 4c for choice and 3%c for medium heavy, with heavy at 3 3%c and extra heavy at 2c. Light and extra light categories show 2's and 214 BS.

Flour in Butte Locs Market Hits $7.45

The locs market price for flour in Butte rose to seven dollars and forty five cents per unit, signaling uptick in local commodity values.

Also Mentioned on This Page

Day New York Stock Exchange Winthrop Mitchell & CO Alaska Juneau Aleghany Corpn Allis Chalmers Allied Chemical Amer. Chicle Amer. Inter. Corp Amer. Locomotive Beeeieeeerieveesioos Oeeeweer American Metals Am. Pw. & Lite Am. Pd L Amer Rolling Mills Amer. Smelt Amer Snuff Amer Steel Amer Amer. Tel. & Tel Amer Tobacco Ana Wire & Cable Armour Atchison Eee Atlantic Refining Auburn Auto - Ts Avia. Corp Dela Bip Baldwin Loc'motive Baltimore & Ohio Barnsdall Beatrice Creamery Bendix Aviation Bethlehem Steel Borden & Co Bohn Aluminum Borg & Warner Steeee Briggs Mig. Co Bristol Myers Butte & Superior Butte Cop & Zinc Byers A. M. i Callahan Zinc Eeron Calumet & Hela Case Co Chesapeake Corp Ches. & Ohio C. M St. P Chi Rock Corm Chrysler Motor Coca Cola Co Columbia Gas jCom So. Corp Congoleum Nairn Consolidated Cigar Consolidated Gas Coco Ceh Consolidated Oil Continental Continental Motors Corn Products Crown Cork & Sea Crucible Steel CPO Leeee Curtis Wright Deere Co Devee & Raynolds Stesvelpes Es Isnageles Essisceses Douglas Aircraft Dupont Seeeeee Ae Eastman Kodak Eaton Mfg. Co Elec Eng. Pub. Service Fox Film Freeport Tex General Asphalt General Electric General Foods General Mills General Motors Goodrich Rubber Goodyear T Grab Paige Mtrs Granby Old Sea Gulf States Steel OP Beeen Rae Vead Oles Cantiausth Houston Oil New Howe Sound Hudson Motors Hupp Motors Ray Nh Crp Nw Aul Ingersoll Rand Inspiration Copper Inter. Busch Inter. Cement. Com Inter. Harvester Internat’l Nickel Bisvere Inter. T. & T Johns Manville Kelly Kelvinator Co Kennecott Copper Kroger Lambert & Co Leereel Lee Rubber & Tire Lou Rao Meyers Loews Inc Louisville G. BE McKeespork M'Intyre Porcupine Mack Truck Gece Magma Copper Lewnewe Marshal Field Co Matheson Alkali Miami Pacific Montgomery Ward Murray Corp Nash Motors National Biscuit Nat'l Cash Register Nat'l Dairy Prod National iNo Pac Ac. Ry Ohio Ol Owens Illinois Gas Gas & Elec Packard Motors Para Certs Ein Sooo Patino Mines Phelps Dodge Pennsylvania Ry Radio Cnc Aces Keith Orph Remington Fend Repub. Steel Corpn Or. J. Reyn Tob Wales Eeene Roan Antelope St. Joe Lead San Fran Schulte Ret's Seaboard Oil & Gas Sears Roebuck Shell Union Oil. Co Simmons Co. Eevee Eeee Socony Vacuum Porto Rico Sugar So. Calif. Edison —_ EK South Southern Railway Brandsee Spj Cal N. J Stewart Warner Thy Studebaker Superior Oil Gulf Seer Tidewater Assoc Timken Roller Big Transamerica Union Oil of Calif United Aircraft United Corp United Drug United Fruit United Gas U. S. Ind U. S. Pipe & Ony U. S. Rubber U. S. Smetters U. S. Steel Union Carbide Union Pac Util. P. & L Vicks Chemical Warner Bros Warren Bros Union Tel Westinghouse Elec Woolworth Worthington Pump Wright Acre Eastern Mill Mitchell & Co Winthrop, Wheat Montana Stock & Bond Co Ardsley Butte Mines Basin Goldfield, Ltd Basin“Montana Tunnel Co Butte Copper Coal Butte Highlands Butte Mines Eee Corp Trust Eeee Corp Gold Creek Hattie Ferguson Imperial Jardine Mining Thee Mont Highlands Mont Cons Sane Moscow Silver Mines Mountain City Copper Sunshine Mining Eenee Amer Trust Virginia City Gold Mining Virginia City Mining Welker Mining Aenea Tree Zonolite Phenenet Sheer Ween Boston Stock Exchange Fed Metal Markets American Super Power Maracaibo Ark Assoc Bunk Hill Elb&s Ford Mtr Ltd Ail & P NY Gulf Oil Hudson Bay M & S Salt Lake Mines The United Press Salt Lake City Bir Cardiff Quincey Lilly Ohio Croft Bing E Tin Coal Ps Nelson Pk Prem Pk Utah Eka bin Eka Lilly Provo K Coal Iron King Kennebec Keystone Tin Ltd Mammoth Wilbert Minneapolis Grain Metals Bank & Trust Co First Bank Stock Corporation
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