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Newspaper
The Montana Standard
Location
Butte, Montana, United States of America
Date
Jun 25, 1940
Page
9
Buying in utilities supported the market as war news loomed and convention winds remained unclear. The Associated Press index rose about one point to 41.6 with 471,990 shares traded, while steels held steady amid a dip in mill output.
New York June 24 report shows call money at 1 percent with steady prime commercial paper and time loans ranging from 63 to 90 days at 1 percent and 4 to 6 months at 145 percent. Bankers acceptances hold steady at 60 to 90 days with various rates, rediscount rate in New York at 1 percent.
Butter receipts reach 989 155 pounds with creamery at 93 score and various grade prices. Carrots and eggs show steady receipts and local pricing, with storage packed extras and firsts noted.
Chicago on June 24 reports arrivals at 343 a track 454 total U S ship ments 1 034 supplies heavy demand good market unsettled slight weakness noted California Long Whites U S No 1 2 15 North Carolina Cobblers U S No 1 14 51 55 Idaho Bliss Triumphs U S No 1 2.25 Alabama Bliss Triumphs U S No 1 1 50 2 15 Arkansas Bliss Triumphs generally good quality 1 60 Oklahoma Bliss Triumphs generally good quality 1 50 97 65 Missouri Bliss Triumphs and Cobblers fair quality 1 40
In New York on June 24 the Canadian control board set U S dollar rates with a 10 percent premium to buy and 11 percent premium to sell Canadian dollars, while open market quotes showed the Canadian dollar at 81 U S cents or 19 percent discount. British rates were unquoted with cables at 3.72 and 606 day, and 90 as the unquoted figure.
Glasgow hosts the Montana department American Legion auxiliary pre convention meeting July 10 at 10 30 a m in the Methodist church following a finance committee session at the Roosevelt hotel The department convention opens the same day with Mrs E O Orleman of Livingston presiding Other officers include Mrs Floyd Ertel Hamilton Mrs Hugh Marron Wolf Point Mrs E W Popham Glendive Mrs Oliver Phillips Richey Mrs Alvin Martin Lewistown and Mrs J J Hagen Glasgow.
The article names state committee chairmen and district presidents across cities including Helena Great Falls Glasgow Havre Kalispell Hamilton Dillon Livingston Miles City Roundup Belfry Winnett Flaxville and Hintley. Newly elected district presidents will assume duties at the upcoming meeting. A luncheon follows at the Lutheran church with committee in charge and a program featuring vocal and whistling solos.
In New York on June 2 wool top futures closed two to four points lower. Boston buyers were fair but overall demand remained thin. July quotations moved up on short covering and trade buying, with July at 96 and October at 93.5 bid, December 92.3. Spot standard tops were 104, off 1.9.
Seattle on June 24 reports cattle at steady to higher, good to choice steers near 9.49, heifers up to 8.25, cows 5.50 to 6.75, bulls 6.75 to 6.50, calves 8.50 to 9.50. Hogs steady to up 15, good to choice 170 to 210 pounds 6.76, 210 to 250 pounds 5.95, 260 to 200 pounds 5.25, sows 4.25 to 4.50, pigs 5. Sheep steady with spring lambs 8.25 to 8.50, yearlings 4.50 to 5, ewes 2.75 to 3.75.
A quirky scene unfolds on a Swanley farm in England where the farm hosts scarecrows fashioned from discarded dressmaker dummies. The eerie display attracts locals and curious travelers drawn to the unusual art installation set among fields.
Steer and heifer runs steady to higher with active trade at 9.75 to 10.75 in several classes. Hogs up to 5.40 for lighter 180-270 lb and varied prices across weights. Sheep active with Idaho lambs near 10.50 and native lambs around 10.25 to 10.50, ewes 2.50 to 3.55.
Cattle salable total 7 000 calves 350 fed steers and yearlings steady to strong with top over 10 dollars. Hogs salable 9 000 total 10 800, generally steady to up 10 cents with top around 5 15. Sheep salable 4 700 total 5 100, fat lambs slow but bids steady to strong, native feeding lambs offered 8 25 to 8 50.
South St. Paul reports sales with cattle numbers 4000 salable calves 900 total 1000 and hogs 4500 salable 5500. Beef supply light with steady to weak bids on cows and heifers while stockers hold near steady. hogs bid 5.10 to 5.15 for 180-250 lb and 4.70 to 4.90 for 360 lb classes. sheep and lambs open steady to strong with fat lambs 6.50 to 6.75 and native springers 9.75.
Spokane Washington cattle steers graded choice grain fed to 9710 dollars with value bands to 79 dollars per hundredweight. Hogs at 6 dollars per hundredweight for good to choice 160 to 225 pounds. Sheep shows spring lambs at 7.75 to 8.00 and ewes around 2.50 to 2.75, totals for each category listed.
Cattle sale totals 675 calves with 650 salable. Opening prices steady to fair. some steers and heifers show gains. Report lists prices for good cows 66.75, canners 3.25 to 4.15, bulls 6.50. Dealers active at Ogden auction.
New York June 24 copper steady electrolytic spot Connecticut valley 11.25 11.50 cents export f a s New York 11.15c tin easy spot and nearby 53.75 forward 51.25 cents lead steady spot New York 5.00 5.05c East St Louis 4.85c zinc steady east St Louis spot and forward 6.25c pig iron No 2 f o b Eastern Pennsylvania 24 Buffalo 23 Alabama 19.38 aluminum virgin 99 percent 19.00c antimony Chinese spot 14.50 Quick silver 198 200 platinum pure 38 Chinese wolframite duty paid 22.50 24.00 domestic scheelite 22.00c
Strength in utility shares featured a moderate advance in curb stocks today. Utility gains extended to more than a point in Electric Bond & Share 5 preferred and United Light & Power preferred. Electric Bond & Share Common, American Gas & Electric and Niagara Hudson Power were fractionally higher.
New York June 24 refined sugar prices held steady at 4 50 cents per pound as trading remained quiet amid market uncertainty.
Market notes show hogs steady with early bids near 10.50 for choice bulk, and sows at 394. Sheep offerings remain robust with 3,950 head listed and Idaho spring lambs quoted around 10.10 to 10.25. Cattle and mixed lots also present at varied quotes as buyers track weekend activity.
Cattle salable totals near 3 800 with calves 150. beef steers and yearlings steady to strong and loads pricing near 10.25 for choice 1 317 lb. heifers firm around 9 25 with good cows scarce. Hogs salable 7 500 to 8 800 with tops 5 05. weights 180 270 lb at 4 90 5 25. Sheep 3 000 salable with Idaho choices around 10 25 and shorn ewes steady at 3 25. Westerns noted with Texas feeders.
Wheat prices open weak with a 4 1 2 cent drop as rains in the spring wheat belt ease the market. Mills buying for government white flour relief supports later trading while rust reports in soft and hard winter wheat areas add to volatility. Prices fluctuated around last Saturday's close with further declines noted in corn and oats.
Wheat receipts today totaled 126 cars, down from 226 a year ago. Minneapolis July wheat traded 4 to 5 cents under and over, with quotes 4 cents lower. Cash grades ranged from No 1 heavy dark northern at 814 to 81 cents, down to No 3 at 17 to 18 cents, and various hard and durum grades. Corn and oats also quoted with mixed changes, flax at 1.71, and sweet clover seed at 4.75 to 5.00.
Minneapolis flour markets show carload price ranges per barrel in 98 pound sacks with Family patents at 5.55 to 5.75 and standard patents at 4.40 to 4.60. Shipments totaled 12 925 carloads. Pure bran priced at 17.50 to 18.00 dairy notes not specified.
Wheat futures closed September at 13 cents. Cash grain lists oats No 2 at 38 pound white two dollars per bushel. barley No 2 at 45 pound B W nineteen. flax No 1 at 1.69. Cash wheat bids include soft white 0.73, western white 0.734, western red 0.734. Hard red winter bids 0.732 to 0.791 with 11 to 13 percent. hard white heart 0.66 to 0.91. Today’s car receipts show wheat 32, barley 2, flour 11, corn 10, oats 3, millfeed 6.
Seattle wholesale dairy and egg prices listed by the Seattle Exchange with butter at 93 score 29 cents 91 score 28 cents 90 score 27 cents 89 score 26 14 cents prints 32 cents car tons 33 cents fats 28 cents and wholesale eggs per case whites large extras 20 cents mediums 19 cents wholesale cheese triplets 15 cents loaf 16 cents.
Hogs were quoted in the Butte market today with price ranges by weight. Choice hogs 160 to 200 lbs at 5 1/2 cents, 200 to 225 lbs at 5 cents, 225 to 250 lbs at 4 1/2 cents, 250 to 275 lbs at 4 1/4 cents, 275 to 300 lbs at 4 cents, 300 to 525 lbs at 4 cents, and heavy sows at 3 3/4 cents.
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