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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Aug 21, 1913
Page
10
Market improves with broad gains after yesterday decline as relief over Mexico and easing European selling restore sentiment. Copper stocks strengthen with favorable smelting news while steel temporary gains fade. National Biscuit rises, bonds steady and August business shows improvement. New York and London quotes noted.
New York on Aug 20 reports money on call steady at 2 1 2 percent with a ruling rate of 2 4 4 percent and closing bids at 2 4 4 percent. Time loans firm with 60 days at 3 percent, 90 days at 4 percent, and six months at 5 4 5 percent. Prime mercantile paper at 6 6 percent.
Sterling remains steady at 483.15 for day bills and 486.60 for demand while commercial bills trade at 482.75. Bar silver stands at 59 1 2 cents per ounce and Mexican dollars are quoted at 46 cents. Government bonds show irregular movement with railroad bonds holding steady.
Chicago markets report mixed grain activity on August 24 with wheat rising on favorable overseas demand and drought fears, while oats fall and corn ranges. Bullish cables cite Liverpool shorts covering and European crop weakness, with strong milling demand and export clearances supporting prices. Provisions rise on firm cash markets, aided by hog cholera losses, as near term forecasts and futures show varied movements across wheat corn and oats.
Chicago reports cattle and hog receipts with mixed to higher prices. Hog markets rise 5 to 10 cents for best. bulk at 8.60, best heavy and rough ranges noted. Cattle receipts 18,000 with steady to slightly lower trade. Texas steers 6.75 to 7.70, western 6.20 to 7.70, cows and calves up to 11.25. Sheep receipts 21,000 with stronger tone. native lambs 3.75 to 4.80, yearlings up to 5.85.
Chicago on August 20 reports butter steady and unchanged eggs firm and unchanged receipts totaling 9 096 cases cheese firmer. Daisies 1 4 lic twins 144 14 c Young Americas 15 c long horns 15 4 c.
Cattle receipts totaled 50 with a firm market. Price ranges: choice steers 7.75 to 8.30, medium steers 7 to 7.50, choice cows 6.75 to 7, medium cows 6.25 to 6.75, medium calves 6 to 6.75, good heavy calves 7.50 to 9, bulk 4 to 6.50. Hog receipts 170 with firm market. Light hogs 8.75 to 9, heavy hogs 8 to 8.60. Sheep receipts 1,600 with an easy market. Wethers 3.75 to 4.25, ewes 2.50 to 3.50, lambs 5.25 to 5.50.
Wheat trading notes show No 1 hard and No 1 northern quoted around 88 89c with No 2 northern near 86 87c and No 2 hard Montana about 86c. December and May futures listed, flax around 1.50 1.51, barley at 97c.
Time and again readers praise the wearing quality of our footwear. Here you can buy shoes for all the family at a price lower than equal qualities elsewhere. Advert: Everybody's Shoe Store, 150 West Park Street.
Henry D. Clayton of Alabama’s Third District, named by Governor O Neale as United States Senator to fill the late Joseph F Johnston’s seat, accepted the appointment and planned to depart Montgomery for Washington to present credentials. He said he would not resign his House seat until seated in the Senate.
The market held its own with little notable change as copper demand edged up and prices may rise. Mexico’s situation cooled slightly, aiding local stocks in Butte and Lake district operations, while New York and London markets showed uneven activity and cautious buying amid overall steadiness.
Superior Judge John E. Humphries permanent an injunction against three socialist orators banning street speeches at Pike Street and Westlake Boulevard intersection. He also permanently barred Mayor Cotterill from interfering with the Times publication and from closing saloons after the Potlatch riots.
Reports from Kansas and Northwest Missouri describe continuing dry weather with fruit growers warning apples may fail. Four days of scattered showers have cooled averages in parts, aiding corn, but many Kansas areas still exceed 100 degrees and are likely to stay that high.
Representative Francis Burton Harrison of New York was nominated by President Wilson for governor general of the Philippines. He is a Democrat and former five term congressman who served in the Spanish American era and has ties with Taft and Democratic leaders. The appointment aims to pursue democratic platform pledges and signals possible independence timing.
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