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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Dec 07, 1919
Page
14
Markets report unusual strength in rye and barley lifting corn. January futures at 1.36, May near 1.33 to 1.83. Oats rise. provisions weaken with lower hog prices. Cash quotes show No 2 mixed for corn and No 2 white oats at 81 82 1/2c. Beef and butter details noted. eggs and poultry receipts listed.
New York stocks opened dull then rose on short covering with sugars drawing buyers. Cuba Cane surged from 48 to 53, Beet Sugar to 97, Punta Allegro Sugar near 95. Corn Products and Cancommon rose 2 to 3 points, Rubber and motors steady, coppers firm but lagging prior prices. Total volume 500,000 shares. bonds active with Liberty and Victory issues.
The Lauzier-Wolcott review notes copper shares rose recently and show stability. Buying was solid though turnover remained light. unless adverse developments arise, a good market is expected Monday. Reduced operating costs at three of four porphyries improve investor outlook for large producers.
Hogs receipts 18 000 market active down to 25 cents. Top 13 55 bulk 13 20 13 50 nosey 13 20 13 55 medium 13 25 13 50 light 13 20 13 60 heavy packing sows 12 50 18 rough 12 12 50 pigs 12 12 85 cattle receipts 4 000 prime steers 25 higher others 50 1 lower calves 25 higher westerns 50 1 lower feeders 50 1 lower sheep receipts 10 000 lambs yearlings mostly 75 higher sheep 25 65 higher fat gain noted.
Omaha market reports 4000 hog receipts down 15 to 35 cents with weak close. Top hogs 13.40, packers 12.75 to 13.25. Heavy to light weight hogs and sows priced between 11 and 13.25. Cattle receipts 200 with price declines to 50 cents to 1 dollar. Veals and cutters steady. Sheep receipts 2700 with lambs up to 15 dollars and sheep and yearlings 50 to 75 cents higher. feeders firm.
New York December 6 Mercantile paper unchanged sterling demand 385 cables 385 and other currencies quoted. Francs demand 1072 cables 1070, guilders 38% cables 38, lire 1272 cables 1270, marks 210 cables 215. After market close sterling rallied demand 385% cables 386%.
New York reports that clearing house banks and trust companies hold 53,283,030 dollars in reserve above legal requirements for the week, a decline of 18,030,140 dollars from last week.
In Paris the young shah of Persia laments he cannot dance because he is too fat. A French companion replies they dance late and rise early to stay slim. The shah laughs and says he might dance late but cannot get up early, seeking another remedy.
London reports Friesian enthusiasts eye a 3,000 gallon horse of milk as several cows surpass 2,000 gallons annually. Eske Hetty first to 2,413 gallons last year, now joined by Southill Countess at 2,106 gallons in 320 days. Other cows with owners race to pass the 2,000 gallon mark before year end.
The notice highlights Kains Metal Packing Co at 2.50, Marvello Manufacturing, Carrie Silver-Lead at 22c, Butte Corp at 50c, Texas Homer at 1.00, Burk Northern with 100 shares left at 1.90, Montana Oil and Refining at 20c with 4470 acres and a well reentering near Dec 26, plus other listings including Tri-City, Van Dusen at 42c, Grey Bull at 4%c, Spindletop 10,000 at 3%c, and 5,000 Tar hex.
United States Smelting leads a composite analysis on silver copper production with Anaconda Nipissing and Butte & Superior named as major silver producers. World shipbuilding since the war is said to suffice to replace losses and add 2.5 million gross tons, while coal operators resist a 25 percent miners wage rise. Freight and passenger services are cut back as sugar prices push a 10 percent extra dividend at Great Western Sugar amid a sugar shortage. A Canadian authority blames silver hoarding and rupee usage for shortages while Germany is urged to rely on silver as gold remains scarce and high prices spark new mine exploration.
Local stock activity featured Butte Superior rising on strong ore silver content with bids around 23.62 and 23.50 asks. Butte New York showed 62 percent activity with 55 bid and unspecified close. Davis Daly remained strong at 11.25 bid and 11.50 held, Tuolumne weak at 85 bid and 87% asked. Roundup Oro at 1, Van Dusen 42, Tri City 5.
Burlington Vermont residents confronted a wry discovery after buying bottles labeled bonded Canadian Club whiskey. Investigators found water substituted for the whiskey by removing bottle bottoms, pouring in water, and resealing. Cider remains priced at 35 cents a gallon.
In Paris a postage stamp issued by the Romania Moldavia government in 1858 brought 28 200 francs at auction. Experts say it is probably the only known specimen in existence.
Hark Silver in New York notes a price of $1.32 for silver and $1.01 for Mexican dollars in early December. London reports bar silver and discounts unchanged on December 6, reflecting stable precious metal values.
The Swiss government has not yet accepted the peace conference offer to locate Geneva as the League of Nations seat. Delayed adherence to the league and opposition from Swiss Germanophile socialists and radicals on Geneva's location fuel hesitation. If settled in Geneva, living costs may rise due to wartime influx of strangers.
Para Brazil offers a mild year round climate with daily showers and Atlantic trade winds tempering heat. Mornings and evenings are cool, sunstroke is unknown, and Amazon valley records show no cases. Locals dress in spring/fall style in daywear, while officials favor cut away suits and foreigners adopt white casuals. Evening attire remains formal despite the tropical setting.
New York dispatch reports Count Paul Barnotti of Turin leaves 10,000 dollars annual to Providence Rhode Island’s “most worthy” girl who is a “daughter of the people.” Mayor Gainer appoints a commission of unmarried men to select, arguing any class could qualify. Local officials and experts debate the criterion common people and the merit of the chosen girl, with backup views from Judge Hoyt and Mrs Olive Stott Gabriel. The gift honors Barnotti’s late wife Carrie Mathilde Brown, Providence descendant of Brown University founder.
A Baltimore case reports a pair of shoes with paper tips and a sole that melted in rain shown to Fair Price Commissioner Killian. A buyer paid $6, store claimed wholesale price $4, prompting charges of profiteering in footwear and a call for truthful classified ads and honest job ads.
The Salton Sea in the Imperial Valley is steadily shrinking, now about 18 miles long and 9 miles wide. Over the last five years the water has retreated roughly a mile annually, exposing salt encrusted land where homesteaders stake claims, while plans for fishing industry and a cannery arise from Arizona and local capitalists.
A London official explains copper coins vanish as Christmas shopping rises and small purchases deplete coin reserves. Hoarding by shopkeepers without bank accounts stretches supply while the mint reports heavy coinage, yet demand continues to grow.
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