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Newspaper
The Pocatello Tribune
Location
Pocatello, Idaho, United States of America
Date
Jun 19, 1924
Page
10
Chicago and Omaha market notes dated June 19 show receipts of 13 000 in Chicago with cattle and hogs uneven and mostly steady to lower, light weights stronger, top hogs around 7 65, and cattle dull with slaughter steers sometimes above 11 00. Sheep receipts 18 000 in Chicago with slow activity and lambs fully 60 cents lower. Omaha reports 26 000 receipts with mixed hog and cattle quotes and overall softer tone for cattle and lambs.
Kansas City June 19 cattle receipts 3000 with calves 800 and very slow early sales. Fed steers show weak undertone with 10.25 bid on top heavy weights. most selling 7.75 to 9.50. Heifers scarce steady. beef cows 3.75 to 6.00. Canners and cutters 2.25 to 3.25. Bulls steady. Weighty hotels mostly 4.25 to 4.60. Calves weak to 50 cents lower. vealers to packers 7.50 to 8.50. Medium and heavy calves noted.
Texas and St Joseph reports hog receipts near 9500 to 8500 with steady to firm bids. Cattle receipts about 14000 with slow weak tone early. steer sales 7.50 to 9.00, top 9.50, cows and heifers 3.50 to 9.00, calves 4.00 to 9.00. Sheep receipts 3500 steady to 0.86 lower with lambs 13.60 to 14.50 and clipped eyes 4.50 to 5.50.
Wheat weak after an early high as selling intensifies and hedge pressure grows. North West reports favorable conditions, Winnipeg heavy with big Buenos Aires rally ignored. Cash demand steady locally and in the Northwest, with rains in spring wheat regions and two sided market expected for weeks. Corn remains steadier than wheat with fair cash demand and small receipts. Rye sees active buying on setbacks with Minneapolis noting cash rye selling and expected rapid stock reductions.
The session shows little price pressure and steady demand across most sectors. Some specialties hit new highs, oil stocks may shift amid seasonal weather and grain prices rise, while tires and oil groups face cautious trading and bonds trend upward with an improving economic tone.
New York June 19 curb oil quotations at 2 15 p m close Prairie Pipe 103 percent Standard of Indiana 67 percent Standard of New York 40 percent Mutual 4 New Bradford blank Salt Creek
This brief highlights key finance concepts covering markets stocks bonds and prudent investing. It emphasizes risk awareness diversification and long term planning to build wealth through informed decisions and disciplined strategy.
A U. S. Bureau of Agricultural Economics survey finds competition sharp and many retailers ill prepared. Success demands experience, solid records, pricing knowledge, and strong purchasing. many merchants would be better off selling up and becoming clerks.
Foreign exchanges held steady with quotes in cents for Great Britain at 4.83 demand and 4.84 cables, France 5.87 demand and 5.38 cables, Italy 4.38 demand and 4.83 cables, plus Belgium 4.68 demand and 4.69 cables. Other updates include Germany per trillion 23, Holland 7.41, Norway 13.60, Sweden 26.54, Denmark 16.88, Switzerland 17.69, Spain 13.43, Greece 1.75, and Argentina 82.14 with Montreal 98 6-16.
Chicago market update lists wheat prices for No. 1 hard at 1.18 to 1.19, No. 2 hard 1.17 to 1.28, corn mixed grades 86% to 88%, oats No. 2 white 61, No. 8 white 50, rye No. 2 77% and No. 3 77%, barley 78 to 81, timothy seed 6.00 to 7.26, clover seed 11.00 to 19.00, lard 10.62, ribs 10.12, bellies 10.87.
New York June 19. No new changes in the raw sugar market but a stronger inquiry emerged with at least 150000 bags of Cuban Porto Rican and Philippine sold to local refiners for June and July at 6.28 duty paid. Raw sugar futures rose on cover and buying by traders, with mid day prices 7 to 10 points higher. Refined sugar remained firm at 6.70 to 6.90 for fine granulated with steady demand at the lower end.
The New York call money market shows steady rates with a ruling rate of 2 and closing bids at 2. Time loans remain mixed with 60 to 90 day collateral at 3 3 percent and 4 to 6 month loans at 34 percent. Prime commercial paper is at 3 to 4 percent.
The bond market in New York on June 19 saw Liberty bonds closing at varied levels. 3s traded around 101.1, 1st 48 near 102, 2nd around 101, and 1st 4% about 101.81 with 2nd 4% near 101.2. Government 4s hovered at 104.27, while other issues ranged near 101.81 to 102.8 across the board.
In New York on June 19 copper eased with spot and futures at 42.62. Iron remained steady, lead dull around 7.00 to 7.25, zinc eased with East St. Louis spot and nearby at 6.72, antimony quoted at 8.50.
London reports bar silver at 34 4 per ounce and New York quotes 67. Mexican dollars price 61 percent.
Berlin June 19 AP The past year has been the worst in the history of the retail trade in Germany according to the annual report of the Association of German Department Stores. Declining mark value and Ruhr occupation hurt conditions while new laws and regulations kept retailers from inflating prices, leaving narrow profit margins. With rentenmark stabilization retailers expect business to return to prewar levels.
Mrs Ellen Reighard of South Fork Pennsylvania reports relief from kidney pain after using Foley Pills a diuretic stimulant that flushes cleanses kidneys and eliminates waste. The ad promises increased kidney activity and urges trying a bottle sold everywhere.
Salt Lake City June 19 AP Henry Nebeker struck natural gas in the rear yard of his home after drilling to 586 feet. He reports a flow that could supply his household needs with a 300 gallon storage tank, estimating a flow about 24 times larger than he expected.
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