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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Aug 03, 1920
Page
12
Chicago markets show light buying lifting wheat values after initial drops. December and March futures recover, corn strengthens on dry weather forecasts, oats follow corn, and overall closes show modest gains. Cash quotes list mixed grain prices with modestly higher eggs and butter, receipts tallied.
Conditions in the Coeur d Alenes mining area have improved with more men available and operations resuming at larger properties. The Bunker Hill and Sullivan plant rebuilds its mill with gunite coating for fire protection, while the Hercules uses cement to protect structures and cribbing. Butte & Superior Mining reports lower earnings in Q2 due to zinc price declines, but silver prices stabilization under Pittman act helps. The Butte & Superior shaft work continues toward 1,500 feet, and At turn of half year, quick net assets topped 3 million.
Cattle receipts total 19 000 with steers steady to strong and best cows steady while calves drop about 50 cents. Hogs receipts 37 000 with better light stock steady and others 10 to 15 cents lower, top at 16.15. sheep receipts 21 000 with native lambs opening steady and sheep strong, western trades slow.
Omaha stockyard figures show cattle receipts at 9000 with firm tone for best beef. grass cattle and feeders weaker. Hog receipts 7500 with early sales and general market 15 to 25 cents lower. top around 15.35. Sheep receipts 2000 with bids on fat lambs and yearlings 25 to 50 cents lower. bulk lambs 13.50 to 14.00, sheep steady.
Spokane market notes show hogs with no receipts and steady overall demand. Cattle receipts 171 with primes at 10.50 to 11, cows and heifers up to 8, calves to 13.50, stockers 50. Sheep market steady to strong with prime lambs 14 to 11 and best ewes at 2.50 to 6, reflecting activity across hogs cattle and sheep segments.
New York raw sugar centrifugal trades at 16.56 cents per pound while refined grades remain steady at 21 to 22.50 cents per pound.
On August 2 at the New York Stock Exchange substantial advances in railway shares were offset by liquidation and bear selling. Prices fell from early highs with United States Steel hitting a new low around 86 1 2, while rail and low priced issues showed renewed buying at lower levels. Mercantile paper stood at 8 8 percent and call money closed around 7 percent.
Judge H H Ewing transfers a mandamus suit from Great Falls to Butte over 25000 Neihart Silver Mines shares. Nabob Consolidated in the Coeur d Alenes reports two carloads of lead-silver concentrates ready to ship for an estimated net $3000. Three flotation tanks for zinc await a blower in transit. The Sidney to Denver tunnel raise yields good ore for six feet, with full-level connections to the mill. The Moulton mine at Cascade Silver Mines is idle due to strikes but praised as a top producer with a 200 ton daily mill capacity.
The Heilbronner Company notes a campaign against motor stocks dislodging weak accounts as short interest rises and trading positions shift rapidly. Irregular market currents persist with selective strength in spots and professional attacks on vulnerable issues. Money remains sufficient for essential needs but no surplus for other uses. Pere Marquette, Southern Railway, and Missouri Pacific are the low priced rails likely to advance.
Copper steady for electrolytic spot and third quarter. Iron holds at No. 1 northern 49.50, No. 2 northern 48.49, No. 2 southern 44.45. Tin steady at spot 48.50, August-September 48.25. Lead spot 8.40c. Zinc steady, East St Louis delivery spot 7.86-7.87c.
Drummond reports S B Swayne, a paper hanger and painter, engaged by G W Morse to paper a west end house for Mr King. Miss Matilda Geyer of Helena visits the G F King home briefly. Miss Helen Abbott travels to Missoula for dental work on Tuesday.
Local residents attend reunions visit relatives and travel to Missoula Hamilton and Helena. Several families host guests from Garrison Missoula and Ovando while others plan trips to Victor Reno and Philipsburg. A deputy sheriff appointment and a sheriff nomination are noted alongside a big Pioneer Gold Creek ball game.
A fragment from the Louisville Courier-Journal features a line about refusing a kiss, remarking that the speaker has changed since school days and recalling past gum-chewing memories.
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