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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Aug 04, 1920
Page
10
Markets report sharp wheat advances with December at about 2.20 and March near 2.22 as traders price potential European war effects on demand. Corn and oats follow with modest gains while provisions stay firm. Cash quotes cite No. 2 red wheat at 2.29 and related grain prices. Receipts total 11,031 vases.
Cattle receipts 11 000 market very slow on all butchers. Bulk choice 16 25 to 16 75 grass cattle mostly 9 to 14 50 good cows steady other stock weak bulk 5 50 to 10 25 canners 4 to 4 25 butcher bulls 8 to 10 50 beloganas 6 50 to 7 25 calves opened strong stockers slow. Hogs receipts 28 000 market active steady to lie lower light top 16 10 bulk light 14 80 to 16 bulk packing sows 13 50 to 13 75 pigs stronger and higher. Sheep receipts 17 000 sheep and best native lambs ateney other lambs slow to lower native 14 59 bulk 13 to 14 25 sates ewes ranging lower fat native ves
Omaha stockyard receipts show 3200 cattle with steady current demand and weaker top prices for best fed yearlings. Hog sales slow with mid range 14.25 to 14.75, top 15.25. Sheep receipts reach 20000 with killing classes down, lamb tops around 15.50 to 16.25 and feeding grades sluggish.
In Spokane on August 3, hog receipts 33 with market strong. Prime mix $18 to $18.50, medium mixed $17.50 to $18, rough heavies $15.75 to $16.60, sows $16 to $17.25, stockers and feeders $15.25 to $16.25. Cattle receipts 800, market steady. Prime steers $19.50 to $11? good to very good $9.25 to $10.50, medium to good $9.50, fair to medium $7.50 to $4, common to fair $6 to $7, choic es and heifers $7.50 to $8, stockers and feeders $5 to $8. No receipts reported for another category. Market steady. Prime lambs $10 to $11.50, fair to medium $5 to $10, price yearlings $6 to $7.50, prime wethers $5 to $7, best mutton ewes $3.50 to $6.
In New York money markets Mercantile paper yields 7 percent, exchange lists slight weakness in sterling with demand at 3.6744 and cables at 3.63. Other currencies show small variances with francs and lire trading near stated levels. Time loans remain strong and cash rates hold at 6 to 8 percent, with the ruling rate at 6 percent and last loan at 6 percent.
Sugar market summary from Sugar New York notes Centrifugal at 16.30 cents with quiet activity and fine granulated sugar trading around 21 2 with slight fining and minor adjustments.
Bar silver in New York on August 3 remained unchanged at domestic and foreign rates. Foreign silver stood at 93 1 2 cents, while Mexican dollars traded at 71 1 2 cents.
London reports bar silver at a high price per ounce and money at six per cent. Discount rates show short bills at 6 to 6 percent and three month bills at 6 1 16 to 6 1 6 percent.
National guardsmen were summoned in Miami on August 3 to restrain about 400 Bahamian and British subjects protesting the death of Herbert Brooks, a man accused of assaulting a white woman. Brooks, arrested in Ormond, reportedly died by leaping from a train en route to Jacksonville for safekeeping.
A veteran commander of 12 years in the Royal Navy advertises in a church paper that he wants an Episcopal church in Boston. He describes himself as a keen churchman expert with men bachelor athlete musical world traveled young and attractive and seeks a salary adequate to entertain.
New York stocks opened with oversold strength fading into declines as sterling weakened on Polish news. Gains in United States Steel Reading and American International were brief as bears pushed most issues lower. A late rally lifted leaders 1 to 4 points, with Bethlehem Baldwin and Corn Products slipping on renewed selling before a strong close.
Copper, iron, tin, and lead unchanged. Antimony at 7.50 cents. Zinc steady. East St. Louis delivery 1.6244 and 7.75e.
Winnett August 3 survey of the Frantz corporation pipe line from Box Elder to Winnett is finished by county engineers. Construction advances with tanks and pump at Box Elder creek, and by tomorrow evening the line reaches the relay station. Oil from Mosby field will be pumped after tanks are connected, with surface work moving toward town and spur track nearing completion within days.
The Heilbronner Company notes traders oscillate between bullish and bearish views as pros dominate position changes. They expect steady demand from foreign and domestic copper sources if credit improves and favor buying railroads, equipment, alcohol, sugar, tobacco, and food stocks. U S imports of foodstuffs rose by 880 million dollars year over year while exports fell by 300 million.
Helena Aug 3 candidates include T J Walker Democrat congress from Butte B P Berger Republican district judge Lewistown Democrat R E Ayers Lewistown Democrat district judge F W Bacorn Butte Republican candidate for unspecified post.
Canada’s Consolidated Mining and Smelting Company of Canada, Limited, expands to a $2,000,000 Trail plant covering 100 acres, employing 1,100. The rise includes zinc and lead refineries, increased copper refining capacity, a new large mill, and a copper rod plant for Canadian wire-drawing needs as the company builds a diverse processing complex.
Agnes OBrien aged 14 daughter of Mrs Richard OBrien fell from a mowing machine at the OBrien farm ten miles from Moore and was mangled by the blades dying later at Moore. Funeral is set for Wednesday afternoon at the Catholic church in Moore. A storm from the Belt mountains to beyond the Judiths aided spring grain. Charles Young filed for the republican nomination for county assessor.
Edmund J. Thien of Billings electrocuted by a cut wire in Big Timber. Funeral set at the Catholic church. Thien, 26, former WWII pilot and electrical engineering student, cried warn of danger as he fell. Roscoe Foster, 16, injured in a Lavina runaway, regains briefly consciousness. Local aviators helped lay out Billings landing field with two-direction take off and wind markers. Banks from all cities to attend Montana Bankers association convention in Butte.
Aug 6 and 7 are cited as key dates drawing great interest among financial men regarding the program received here.
Friendly stars favor today with benefic aspects for sun Jupiter Uranus and Venus. Large enterprises may begin and manufacturing could prosper though a production slump is possible by snow's arrival. Politically a manager may profit from sensational effort while new year prophecies warn of old leaders’ passing.
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