Grain market opens firm with mixed futures and cash quotes
Wheat futures start firm while September slips on rains and corn falls. Cash quotes for wheat, corn, oats, rye, barley and staples like pork lard and ribs listed with bid ranges and prices.
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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Aug 20, 1920
Page
12
Wheat futures start firm while September slips on rains and corn falls. Cash quotes for wheat, corn, oats, rye, barley and staples like pork lard and ribs listed with bid ranges and prices.
Cattle receipts reach 10000 with steers and yearlings holding steady to strong while other grades soften. early cow and bull pricing dull. Hogs receipts 19000 with active trade, top at 15.50 and bulk pork and sow prices around 14.25 to 15.75. Sheep receipts 22000 with Idaho lambs at 12.75 and native lambs 10.50 to 11.50, best ewes 7.00 to 7.25.
Spokane market report shows hog receipts 23 with prime mixed at 17 to 17.50 and rough heavies to 15.50. cattle receipts 108 with prime steers near 9.59 to 10 and cows 7 to 7.50, canners 2.50 to 4. stockers and feeders 5 to 8. sheep receipts 27 with prime lambs 9.50 to 10 and best ewes around 2.65.
Omaha market report shows hog receipts at 7,000 with prices 15 to 25 cents lower and top at 15.16. Cattle receipts 3,200 with a slow market, beef and butcher cattle down up to 25 cents. Sheep receipts 14,000 with lambs 25 cents higher early, best lambs around 12, and steady prices for sheep and feeders.
A better feeling prevailed on Aug 19 as stocks rose in New York with about 300000 shares traded. Oil issues led the rally with independents and rails gaining. Sugar group faced midday pressure. Closing prices were strong after a morning of uneven activity.
Attorney General Brundages says Illinois will keep the 2 cent passenger fare unless a higher court orders otherwise. New York Central plans $25 million 10 year bonds via a Morgan led syndicate. Atlantic Gulf and West Indies lines to invest up to $60 million in oil development. Bank of England rate stays at 7 percent. Mint director adds 71,000 ounces to holdings for total 11,105,284 ounces. Market outlook shows funding tightness as Sept 1 nears with small public interest and major operators in control.
Mercantile paper unchanged. Exchange heavy with sterling at 3.58 3/4 dollars. Francs 7.07 demand 7.09 cables. Belgian francs 7.56 demand 7.58 cables. Guilders 32.55 demand 32.65 cables. Lire 4.59 demand 4.61 cables. Marks 1.97 demand 1.98 cables. New York exchange on Montreal 11 16 per cent discount. Time loans strong unchanged. Call money steady high 7 low 7 ruling 7 last 7.
New York metal market reports copper steady, iron firm, tin easy at 47.75 spot and near by 48 futures, antimony unchanged, lead firm with spot and near by prices steady or unchanged as of August 19.
E J Walker of Boston visits Hast Basin and Goldsmith mine near Butte, with both mines shipping eight plus cars monthly. Goldsmith development runs from 400 to 600 foot levels with widening vein and high assay returns. Boston & Montana plans deeper development under Walter Weed. Tikhorn drift reaches Blue Jay vein with nine foot vein. Ballasting of the Southern Montana railway completed. patent timing urged for Montana mines. Helena assay office dispute over silver pricing impacts minor offices and small producers. Louden and Lane report galena copper ore vein at 100 feet near Pine creek divide in Coeur d Alenes.
Bar silver in New York on Aug 19 was unchanged for domestic and foreign markets at 98 1 2 in Mexican dollars. In London on Aug 19 the price stood at 61d per ounce money and discount, unchanged.
Universal Service reports a shift from grain to livestock in both Dakotas. M C Cutting notes 25 percent of last year’s wheat area now in forage crops with silos rising to store feed. Next winter, ample feed supports rebuilding and starting new herds as diversified farming expands. Eastern North Dakota echoes the trend amid new agricultural development after progressive laws upheld by the Supreme Court.
Sunday astrology notes Venus in benefice aspect and Mars adverse, foretelling constructive female effort in politics and promising theater and drama developments. It warns of public life tensions and potential unrest among women, with wars and rising prices shaping trade, crime, and travel costs.
The Salvation Army proposes a 100000 Memorial Mayflower Hall beside the Pilgrim fathers starting point at Plymouth to honor the Mayflower voyagers. The project aims to remind people of their deeds and fund practical efforts against evil. Prominent Americans in England back the plan with contributions. Fourteen popes were named Clement.
London August reports on international combines linking British and American firms. Partners include United Drug Co of America with Boots Cash Chemists, General Motors, Dunlop Tire, and Explosives Trades Ltd. Talks of price effects, competition, and a $25 million GM investment accompany remarks on British firms’ output and wage gaps.
An article explains how to tell genuine diamonds from fakes. It cites tests from The Electrical Experimenter including aluminIum pencil marks that erase on real diamonds but not glass, edge sharpness, water droplet behavior, and a specific gravity of 3.52 as the best proof.
With three exceptions every president of the United States has been cradled on a farm or in a small town. The exceptions were Andrew Johnson born in Raleigh North Carolina Theodore Roosevelt born in New York City and William H Taft born in Cincinnati.
New York sugar market notes show raw sugar steady dull quiet and centrifugal and refined grades, including fine granulated remaining unchanged as of August 19. Market observers cite stable prices and limited demand in the troubled market conditions.
The report lists Butter and Pegs with unchanged receipts totaling 7,980 CASER. Sees unchanged figures across the board, underscoring stable turnover and categories.
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