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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Apr 02, 1920
Page
14
Chicago April 1 strong market action lifts corn 2 to 3 cents with May at 1.61 and July at 1.54 while oats rise to new highs. winter wheat condition at decade lows prompts 5 million acre abandonment forecast. Cash quotes list mixed grain and higher provisions, livestock, and butter markets.
Spokane market reports show hog receipts at 110 with strong demand. Prime mixed hogs bring 16.25 to 16.50, heavy hogs to 14.15, pigs 14.50 to 15.50, stockers 14.50 to 16.50. Cattle receipts 207 with strong demand. prime steers 10.75 to 11.50, good to choice 9.50 to 10.50, cows and heifers 9.25 to 10.25, canners 3.50 to 5.50, calves 9.15 to 15, stockers 7 to 9. Sheep no receipts. prime lambs 16 to 17, fair to medium 13 to 15, yearlings 13 to 13.50.
Omaha market report lists hog receipts at 17 000 with steady to 25 cents lower trade. Top hogs bring 15.25 and medium weights 14 to 15. Cattle receipts 8 000 with declines 10 to 25 cents across classes. Beef steers range 11.50 to 14.50, cows 6.50 to 12. Canners and cutters 4.50 to 6.50. Sheep receipts 6 000 with general steady tone. lambs 84 pounds and up around 20.25, yearlings 15.50, ewes 12.75 to 14.50.
Mercantile paper unchanged and exchange rates firm in New York as of April 1. Sterling 60 day bills around 3.88 to 3.93 percent with minor reactions. various currencies quoted including francs, Belgian francs, guilders, lire, and marks. Time loans strong, call money high at 10 percent, with bank accep tances at 6 percent. Government and railroad bonds in TeswUuiad noted.
Copper firm in New York trading as spot prices show a small rise. Tin spot at 68.50 with April May at 63. Prices for iron antimony lead and zinc unchanged.
BAR SILVER. NEW YORK APRIL 1. Bar silver i ce zf Mexican dollars 96%c. LONDON APRIL 1. Bar silver 72%d per ounce money 3% per cent. Discount rates short bills 5% 54 per cent three month bills 5% per cent.
Royal Oak Michigan dog beaten with a shovel and buried in a garbage pile survived thanks to a porous nose cover. Nick Van Zorn pleaded guilty to cruelty to animals and paid a $100 fine plus costs after authorities uncovered the revived dog through a forced dig with a pick and shovel.
A World Outlook note from Erivan Armenia suggests a seven year period during which a bride may not speak to any man other than her husband could lower divorce rates. The idea reflects Near East cultural practices as a possible social reform linked to marriage stability.
The New York Stock Exchange opened in a subdued trading day amid the Easter recess and pool concerns. Call money eased to 8 percent then rose to 10 percent late, while time money remained scarce. Crucible Steel and General Motors led the list with GM up near its best, Crucible down about 1.5 points.
Well informed observers predict easing of money rates once railroad transport returns to normal and goods move promptly. Experts see no need for broad stock market moves now but expect continued trading activity. Despite lingering commodity price declines, strength in essential lines boosts bullish sentiment outside stock circles.
Private Washington advices hint at a strong push to pass a peace resolution with Germany by Easter, potentially bypassing the president. Some observers acknowledge a readjustment risk yet note the war era boost to American exports may stabilize trade in neutral nations even amid a weak US mood.
A market firm notes copper shares trade only a few points above their lows and have found a level where large blocks can be sold. The firm links ongoing sterling strength to higher metal prices and advises buyers to expect gradual gains amid apathy in the market.
A cautious view notes growing interest in steel stocks as market conditions limit gains for steel bonds. Analysts say railroad bonds are less attractive due to high taxes, pushing wealthy investors toward stocks with potential for broad appreciation and strong dividends.
International circles in New York focus on a growing American business interest expanding into regions once unfamiliar. A leading bank notes intense competition, with British shoe makers aiming to capitalize on affordable U S footwear. Since year start Europe imports show half crude materials for manufacturing, expected to turn into finished goods.
Final prices on Liberty bonds listed for April 1 in New York show various yields. First 4s sell at 96.70 dollars, second 4s at 89.60, Victory 4s at 97.80, with other series ranging from 89.90 to 97.96.
Thomas OBrien, a pipe mechanic in Pittsburg, bored a hole through a cellar partition and found a wine barrel on the other side when a reddish liquid flowed. He told the magistrate he could hardly stand the shock after the discovery.
The 1784 16 blade pocketknife given to George Washington by Captain De Wees has been acquired by George De Wees of Chicago, a descendant. Newton De Wees says the heirloom will stay in the family and be passed down to the eldest nephew, William De Wees, future owner of the Chicago Addressing Company.
Copper producers advance a plan to form a finance company linked to the Copper Export association to extend credits under the Edge law. French buyers are seen as first borrowers, with possible German participation later. The move aims to broaden consumption, rehabitate uses, and finance export sales amid surplus copper.
The 1919 annual statement shows a operating loss of 19219 dollars with miscellaneous earnings turning the year to a profit of 432037. President W A Ogg notes postwar demand revival and lingering low prices, predicting good prospects for 1920 as the US supplies much of Europe's zinc. Air shipments from Northern British Columbia mines may begin, with contracts to keep ships busy for five years. Copper King Mining plans promising Burke belt development with a 250 foot vein, and Tintic Standard mill construction at Goshen advances with eight carloads of materials and new sidetracks to connect ore transport within three months.
The New York Stock Exchange halted Stutz Motor Corporation from trading today amid market volatility. Directors will meet this afternoon to decide next steps. Prices moved with strong metals and rail issues showing varied activity as traders anticipate a three day holiday.
London reports that women may form a formal peace-time reserve for behind-the-lines service in England. War Secretary Churchill canvasses how to establish a scalable force of skilled women, recognizing the value of Waaes Wrens Wrafs and other service members. The reserve could become the first global women’s wartime reserve.
SAPS describes early jiu jitsu education for Japanese children as part of physical culture hygiene and ethics. It outlines how beginners learn limb strengthening and flexibility before mastering the art of using an opponent's strength against them as the core principle.
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