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Newspaper
The Montana Standard
Location
Butte, Montana, United States of America
Date
Jun 22, 1950
Page
10
Spokane market shows First Bank at 21.75 bid 22.12 ask and Northwest Banco at 32.50 bid 32.75 ask. Power Mont shares trade at 6 bid 115 asked 117. North Butte Mining bids 55 asks 60 noted in market report.
The New York stock market rebounded from its worst slump of the year as midweek gains spread across sectors. Final prices rose fractions to about two points, led by steel, autos, merchandising, and radio television stocks with broad participation. Volume reached 1,750,000 shares, the AP 60-stock average up to 178.6, with 644 advances and 207 declines among 1,095 issues.
Kalispell daily Inter Lake reports Northwestern Montana could host a Harvey Machine aluminum reduction plant. Harvey has optioned 700 acres between Columbia Falls and Hungry Horse dam and may locate there or at a Nevada site. A decision is due within a month as Montana land is reviewed near the Hungry Horse project.
Minneapolis flour market report dated June 21 lists 100 lb cotton sacks prices for Family patents at 6.90 and standard patents at 5.70 unchanged. Shipments total 51,460. Standard bran and middlings up 50 cents to 49 and 56 respectively, with Red Dog at 60.50.
Of all 1948 income tax returns, 26.1 percent were found to be incorrect, highlighting widespread errors in early postwar filings and prompting reviews by tax authorities.
Chicago market notes show corn rising on prospect of higher pork demand while wheat gained slightly and oats fell. Soybeans fluctuated with little net change. cash sales varied across wheat oats soy offerings.
USDA market update from Spokane shows cattle salable 200 with calves 75, steers and heifers firm and higher on best lots. High good to mostly choice 962 lb steers at 31, medium 765-1000 lb at 26-28, cows 16.50-20, canners 15-16.50, stockers 19-26. Hogs firm 25c higher on heavy sows, most 180-220 lb at 21.75, sows 15.50-17.50, stags 15.25-18, weaner pigs 15-15.50. Sheep good to yes spring lambs 24.50-25.25.
Minneapolis grain market report from June 21 shows wheat receipts for Wednesday at 83, prices easing 1 to 3 cents. Cash bids mostly lower with No. 1 dark northern and No. 1 northern quoted around 2.27 to 2.29, with several varieties and protein levels listed. Corn, oats, barley, rye, flax and soybeans values noted for nearby contracts and arrivals.
Chicago notes: arrivals 232 on track 400 total U S shipments 824. supplies moderate and demand good. Market edges higher with California Bliss at 4.40 to 4.45, long whites 3.35 to 3.50, bakers 4.20.
Montana invites sealed bids for plant mix oiling on Elk Park Butte section of the Butte Boulder Road in Silver Bow and Jefferson counties. Bids due June 29 1950 at 9 30 A M in Helena. Plans bonds wages and qualifications described.
Sioux City livestock report lists cattle and calves totals with prices for fed steers, yearlings, heifers, cows, bulls and stockers with ranges for weights from 900 to 1,200 pounds. Hogs show higher bids across light and heavy weights with feeder pigs and sows also noted. Sheep volumes small with slaughter lambs steady and good to choice bids around ten dollars.
At South St Paul June 21 cattle and hogs sold moderately to slowly with steady to slightly higher prices. Notable offerings included 1,216 lb steers around 30.50 and 430 lb loads near 30.50, cows and bulls mostly steady with good cows 22 to 24, hogs 190 to 240 lb at 19.75 and 240 to 300 lb at 17.75, sows 14.50 to 17.25, and feeder pigs around 19. A limited run of sheep and lambs saw good to choice lambs at 24 to 25 and ewes 10 to 10.50.
In New York on Wednesday wool tops and wool futures moved little as dealers and commission houses bought. Estimated sales reached 105000 pounds for tops and 12000 for futures, with December at 143.5 bid and March at 141.0 bid. Certificated wool spot and tops held around 152.0 and 199.5 nominal respectively.
Butter and eggs held steady as wholesale selling prices remained unchanged. Receipts reached 828 215 pounds for butter and 21 294 dozen eggs, with Chicago trading activity continuing at current levels.
Market prices list for various mining items and companies row by row. Values include bids asked for Cardiff Naildriver ChfCon NwPrk Clay Sil No Lily Colo Con Stand Cmb Mtls Pk Bing Cons Eur Pk Con E Stand Pk Nels E Tin Cl Pk Prem E Utah EurLCn Plumbic Eur Bus SilK Cl Eur Mus SilShield Horn Sil Tint Cent Kennebec Tint Lead Keystone Tint Stand Mammoth Vic Con Moscow Wilbert Zuma with numerous price figures and percent values.
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