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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Dec 01, 1920
Page
12
Prices for wheat slipped as market closed unsettled with declines in December and March futures. Corn and oats followed wheat, while hogs provided some support to provisions. Cash quotes listed for wheat, corn, oats, rye, barley, and seeds, with receipts totaling 1,589 cases.
Minneapolis market report lists receipts at 282 cars, down from 299 year earlier. Cash wheat and futures include No 1 northern from 1.46 to 1.50, December 1.41, March 1.46. Corn No 3 yellow 71 to 73 cents, oats No 3 white 41 to 42.5, barley 51.75, rye No 2 1.32 to 1.33, flax No 1 2.02 to 2.03. Flour unchanged to up to 10 cents. In carload lots family patents quoted 8.50 to 8.65 per barrel. Shipments 62,969 barrels. bran 28 to 31.
New York mercantile paper unchanged, exchange steady, time loans steady. Stocks on the New York Stock Exchange show liquidation with an irregular reversal led by heaviness in Southern Pacific and pressure in independent steels and certain rails, total sales 800,000 shares, bonds generally weaker, and call money rising to 7 percent.
Copper prices in New York and London slipped amid a weak market, with brokers loans at multi year lows and money at six percent. Output curtailment and wage cuts followed mine closures and layoffs at Greene Cananea and Boston Montana smelter. Bearish pressure in Chile Copper and rails declined while General Motors saw leadership changes. Market liquidation continued but bankers and merchants eye a cautious rally supported by technicals and easing money.
Metal prices in New York show copper electrolytic spot near by at 33 32 and futures 34 35 with a first quarter heading. Iron prices ease with No 1 northern 41 42 and No 2 40 41 while No 2 southern sits at 35. Antimony quotes 5 75 5 87 c. Lead remains steady and zinc eases with East St Louis delivery spot 5 60 5 75 c.
The Boston News Bureau reports mine costs exceed 17 cents per pound while wages stay tied to 26 cents since wartime price fixing. Producers like Calumet & Hecla plan wage cuts as copper sells for 14 cents. Champion mine at Lake Superior posts high copper recoveries, with 40 pounds per ton and up to 90 percent rock content. Clarinda Copper Mining installs ventilation and advances tunneling at Clark Fork Washington.
The Mining and Scientific Press notes renewed mining activity in Mexico as peace returns and De la Huerta relaxes decree constraints. Foreign investments regain viability with easier title filing and tax installment options. Credits for taxes paid to multiple factions are recognized, reducing forfeitures, while many American owners resume operations after years away.
Cattle receipts reach 20 000 with beef steers weak and lower bids. Hogs tally 40 000 with prices up to 10 60 and bulk around 10 15 to 10 50. Sheep receipts 18 000 as fat lambs rise 25 to 50 percent with choice western lambs around 12 50.
Omaha market notes for November 30 show hog receipts at 6,500 with prices 10.10 to 10.25 top for bulk medium and light butchers. Cattle receipts 6,800 with beef steers and stockers steady to weak, veals weak, bulls steady. Sheep receipts 9,500 with lambs and yearlings 2 to 6 cents higher, tops at 11.00 and yearlings at 8.25.
Bulls and stockers dull with few bids. Hog receipts 10,500 and market up about 20 cents. Prices cited: hogs bulk 9.55 to 9.65, top 9.50. Sheep natives 10.50 to 10.75, fat sheep steady. Bulls and feeders weak. buyers scarce across the forward run.
Spokane reports hog receipts 111, cattle 11, and sheep 29. Market steady with quotations unchanged across all livestock categories.
Bar silver in New York unchanged for domestic trade with foreign at 68 1 2 cents per ounce and Mexican dollars at 52 1 2 cents. London quotes bar silver at 46 1 2 pence per ounce with money rates on 6 percent. Discount rates show short and three month bills at 6 1 2 percent.
Raw sugar opened unsettled but held steady with no price change. Porto Rico sales of 4100 bags due to a local refiner at 5.76c delivered. Refined sugar remained quiet at 8.75 9c for fine granulated. Midday sugar futures eased 5 to 12 points amid market nerves.
Three Forks reports Homer Steele was honored as a leading local young man. Funeral services in Stoles bury Missouri on November 24 were conducted under Mason auspices with J R O'Dell representing the Three Forks order. The body rests beside his mother and wife as family members attended.
A Willow Creek meeting of the South Beach Irrigation association formed petitions to circulate for court consideration. If granted, preliminary work would begin. feasibility would determine promotion. Committee members include Briggs Thorndike Baab Cleveland Ray E. Matter and C. B. McCullogh.
In Three Forks, Mrs. Charles Guiot and baby visit Lewistown. Frank Gerald of Billings was in town on business. Mrs. Beer dies in Boulder with her daughter in attendance. Community Christmas seal drive opens under Mrs. Crockett and colleagues. Local travels include trips to Manhattan, Townsend, Dillon and Whitehall as residents visit friends and relatives.
Darby Nov 30. Mr and Mrs James Veiree hosted a dinner party for a large birthday group. Celebrants include Mr and Mrs Peirce Mrs Lever Thompson Albert Mc Daniels William Stubbs Sydney Fernald. Absent member J C Pickerel received a greeting. Guests included Vera Stubbs Willie May Sherwin Fern Flightner Herbert Summers Sever Thompson and Professor Miller.
Darby Navy news notes 9 year old Lilah De Lapp daughter of Mrs. Thomas Donica was taken to Hamilton hospital Sunday with a complication of diseases following scarlet fever. She is critically ill. Visitors and local social items are also recorded including charity society and farm egg harvest.
Montana's coming legislature faces a large deficit as budget estimates project state income at about 2.58 million for 1921 and 3.77 million for 1922, while operating needs may reach 4 to 5 million. Most departments expect higher appropriations than 1920 and less than 1922. Institutions, including the state fair, already show overdrawn funds in preliminary figures.
Helena, Nov. 30. Ottie Harper, a rancher near Jefferson City, lies wounded in a local hospital after being shot Sunday by FE L Hartwell, a Helena railway engineer. Hartwell drove Harper to Helena in his car. The wound is not serious.
Helena reports former Governor Joseph K. Toole, wintering in California, has been named by Montana to represent the state at the Del Monte conference on December 4. The San Francisco Chamber of Commerce hosts the event to discuss development problems.
Helena reports the state board of health rejects the Cas cade illness verdict as influenza. An inquiry will be made to ban its course in the city during the national epidemic, and return is not expected.
Helena reports Miss Marion V. Morse of Johnson Vermont has been named the state rural school supervisor succeeding Miss Adelaide Mayer who resigned to attend the teachers college at Columbia University.
Nov 30 Big Timber items note Mrs. Harvey Coit travels to Butte for a conference of education led by Dr P B Claxton and Edythe O Leary stops by on return from state teachers meeting. Edythe is joined by sister and brothers from Butte, plus updates on Mrs. Skillman, Mr. Roecher, Mrs. Brown, and local Thanksgiving gatherings and visits with neighbors.
Superior Montana items report Cobden couple A O Nichols attending Eastern Star in Superior and hosting lunch. Mrs William Nye celebrated Thanksgiving in Wallace. B F Berry visited Drummond. Morris Ives, Bearmouth worker, in Superior. Mrs John McLaughlin Spokane and her son visited Alberton and Superior. Henry M Lancaster Saltese on business. Archie McLeod St Regis in Superior. George Childers Opie Childers visiting Frouse ranch Henderson for hunting. Edmund Edwards Wallace visiting parents in Superior.
Dillon reports from County Treasurer Georgia Mathews at noon show tax returns in Beaverhead County will be better than anticipated though slightly more delinquent than 1919. Excluding the Big Hole irrigation district, about 1500 dollars will remain delinquent as ten days remain for a 10 percent penalty after the tax period ends.
Dillon news notes Eva Coffee of Missoula to be detained after Thanksgiving due to her mother's sudden death. The district court trial of Cushing continues with prosecution witnesses and a mass of defense testimony planned, likely to a Wednesday jury verdict. County commissioners set Dec 7 for bids on the old Melrose bridge, a 200 foot wooden structure with timber and iron. Community events include a Theta gathering at Mrs W B Hartwig and a large Shriners delegation departing for Butte Bagdad temple ceremonies with neophytes traveling from across the state.
Billings reports Frank Frame who shot himself in the head last night but only suffered a scalp wound was arrested today for attempted death by own action, as police pursue charges related to the incident.
South St Paul reports 6300 cattle receipts with market very slow and mostly steady to weak. Beef steers ranged to 7.50 with late Monday sale up to 8.60. Cows and heifers mainly 4.45, some 6.50 or better. canners and cutters 2.25 and up. Bologna section noted.
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