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Newspaper
The Montana Standard
Location
Butte, Montana, United States of America
Date
Jun 24, 1950
Page
8
Chicago market closes with oats leading gains while soybeans fall. Wheat and corn show little change from Thursday as old crop corn gains and new crop deliveries lose ground. Soybean oil drops to 4 to 5 cents per pound and loose lard falls to 8.37 dollars per hundred pounds, lowest since mid April.
Spokane market notes show Northwest Banco bid 32.25 asked 32.50 while Montana Power $6 preferred bids 115 asks 117 and North Butte Mining bids 58 asks 64, reflecting thin liquidity and spread variation.
Chicago reports butter and eggs steady with wholesale selling prices unchanged. Butter receipts reach 940,392 while eggs receipts total 14,175, reflecting stable market conditions in wholesale channels.
New York June 23 A rally in the stock market fizzled Friday as early forward movement could not be sustained. The Associated Press average of 6 stocks stood at 79.1 with the industrial, rail, and utility components showing minor changes. Among 1,134 issues, 451 rose and 407 fell with 60 new highs and 13 new lows. Volume reached about 1.7 million shares, near the prior day’s total.
New York June 23 UPR A leading custom smelter cut the price of lead half a cent to 11 1/2 cents a pound delivered New York. The reduction follows a May 11 rise to 12 cents a pound that held until Friday.
Minneapolis grain markets report June 23 with cash bids for wheat including No 1 dark northern and No 1 northern at 2.26 to 2.47 per bushel, No 1 hard Montana at 2.26 to 2.37, and milling durum varieties around 2.29 to 2.35. Corn bids for No 2 yellow at 1.40 to 1.41, oats No 3 white at 0.82 to 0.83, barley at 1.04 to 1.79, rye No 2 at 1.37 to 1.39, flax No 1 at 3.90, and soybeans to arrive at 2.87 per bushel.
New York wool market reports steady prices with dealer and short covering. Estimated sales include 75 000 pounds of wool tops and 12 000 pounds of wool futures as futures close modestly higher. Spot certificates at 153.5 and various futures bids listed for July October December and March contracts.
Minneapolis reports June 23 letters noting flour in 100 lb cotton sacks, family patents down 6.80, standard patents down 10 cents, shipments 53,940. Standard draw down 50 cents at 48.50, standard middlings unchanged at 56, red dog unchanged at 360.50.
Chicago June 23. USDA potato arrivals 146 on track 349 total U S shipments 896. Supplies moderate and demand slow. Market dull with Arizona Triumphs 4 35, California Triumph 4 40, long whites 3 35 3 40, Oklahoma Triumphs 4.
Marvin Dobbins announced that Guy Rogers has taken over the Dobbins Chevrolet garage in Philipsburg last week. Rogers, with prior work at the Deer Lodge Chevrolet garage, brings extensive garage and mechanic experience. He was born in Missoula, is a World War II veteran, and with Mrs. Rogers has three children.
George Mungas, representative of the Montana Stock Growers' Association, returned home from a meeting of the Presidents water resources policy commission held at the Davenport hotel in Spokane last week. Delegates from Montana included participants from Hamilton and Missoula to discuss the proposed Columbia Valley administration proposal.
Police report that a Montana highway patrol driving examination will be held in Philipsburg at the courthouse starting July 13 at about 9 a.m. Conducted by Charles R. Olsen of Butte, tests will also be offered here on September 14.
Malaya announces higher duties on whiskey beer coffee sweets confections and musical instruments to fund the anti Communist campaign. The war costs Malaya forty million dollars this year, ten thousand dollars more per day than last year.
Cattle shows strength with steers and heifers up to 50c, good cows 21.50 to 22.50, bulls 21 to 23, stockers weak. Hogs steady to 50c higher on lighter weights, 190 to 240 lb hogs at 20, choice 210 to 220 lb at 20.25, sheep steady with native spring lambs at 27 to 27.50 and old crop at 24.00.
Sioux City cattle sales mixed to steady with limited supply and few high grade lots. Hogs 5,600 head mostly steady to down. sows weaker. feeder pigs and lighter weights varied. sheep demand nominally steady. Prices listed for steers, heifers, cows, hogs, sows, and lighter weights.
Spokane cattle market reports salable 50 head with 15 calves, close cattle. Hogs 25, unchanged. Sheep listed none with nominal figures.
New York bond market closed with gains and declines across issues. C and C 4s reached 101 percent, Tex Corp 3s traded around 105 percent, while other issues showed varied demand in light June activity.
A dense list of crossword clues across and down with many garbled, partial entries. The text mixes definitions and fragment words for various categories including botany, heraldry, music, and geography. Contains mis-spellings and inconsistent punctuation with no coherent solution provided.
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