Hoover's remarks drag corn lower in Chicago market
Corn prices eased after Herbert Hoover suggested Europe could be funded with ordinary commercial credits. May corn fell to 1.35% while July traded around 1.33% to 1.383% for the day, with oats and provisions moving with the trend. Rumors of satisfied rye demand and hog price declines pressured grains as receipts remained thin and car shortages pinched supplies.
MENTIONED IN THIS ARTICLE
Chicago
Jan
Herbert Hoover
Europe
Lse
Hoover
Stock Market Holds Back Amid Federal Reserve Signals
New York trading showed restraint with bankers alerted by the Federal Reserve Board. Prices moved modestly while traders debated essential loans and credit restrictions affecting speculation in commodities such as cotton and foodstuffs.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve Board
Harding
Market Reports Note Improvement in Copper Outlook
Eastern mail hints at material copper improvement with second quarter prices up a half cent from current levels. Domestic and foreign purchases rise amid favorable metal demand, while banks report easy call loans at 7 percent. Steel, copper and related sectors lead market gains. total sales reach 17.75 million dollars with 800 thousand shares traded.
Minneapolis market notes rise in flour and grain prices
Minneapolis reports a $0.25 rise in flour to $14.75 per barrel in 98 pound sacks. Shipments reach 71,180 barrels while receipts show 280 car loads of wheat versus 115 a year earlier. Prices listed for barley rye corn oats flax and cash No 1 northern wheat are included.
MENTIONED IN THIS ARTICLE
Minneapolis
Chicago Livestock Prices Turn Lower On Sluggish Demand
Livestock receipts total 27 000 hogs and 9 000 cattle with a weak market. Hogs sell 20 to 25 cents lower with top at 14 60, while cattle hold steady with beef steers and cows in varied ranges. Sheep see a strong market with lambs and helpers offered around 16 to 19 dollars.
Market summary of hogs cattle sheep in South St Paul
South St Paul market report shows hog receipts at 24 000 head down 40 to 60 cents with prices 13.90 to 14.45. Cattle receipts 7 500 with killers steady down 25 cents and fat steers at 6.50 to 8.18, cows and heifers 6 to 12, calves 6 41 6.25, stockers and feeders 5.50 to 12. Lambs ranged 7 41 8, wethers 9 to 11.25, ewes 5 to 9.75.
MENTIONED IN THIS ARTICLE
Chicago
South
Paul
Copper and metals markets report from New York
New York yields Copper easier with electrolytic spot and first quarter at 1 1/4 to 1 1/8 cents. Second quarter 19 1/2 to 19 3/4 cents. Iron steady. Antimony around 9.87 cents. Zinc soft with East St. Louis delivery at 9.22 to 9.32 cents.
MENTIONED IN THIS ARTICLE
New York
East St. Louis
Mercantile Paper and Money Rates Report
New York financial bulletin shows 6 percent Mercantile paper, Sterling-Demand at 376, cables 3767, Francs-Demand 113.05, cables 11.03, Guilders-Demand 37 9/16, cables 379 16. Live-Demand 15.40, cables 13.38. Time loans firm with 7 percent bid on all dates. Call money easy with high rate 7 percent and last loan 6 percent.
MENTIONED IN THIS ARTICLE
New York
Mercantile Paper
Liberty bond prices listed in New York at 2 55 pm
Prices of Liberty bonds at 2 55 p m today shown for several issues with figures including Sloe 99 98 First 4s 93 20 Second 4s 91 90 First 44 58 93 40 Second 448 92 54 Third 448 394 72 Fourth 4448 92 70 Victory 3 percent 8 99 10 Victory 4 percent 8 99 04
MENTIONED IN THIS ARTICLE
New York
Liberty
Sloe
Victory
New York Bar Silver and Mexican Dollar Rates Reported
In New York market brief, bar silver trades at 1.22 dollars with a 31.01 percent rate for Mexican dollars, reflecting commodity pricing movements.
MENTIONED IN THIS ARTICLE
New York
No Refutation of Bookmaking Charge In Sheridan Club Case
Walter Williams arrested at the Sheridan club on North Main street faced a $100 fine in Butte police court after officers testified to finding turf charts and dope sheets on a table. Williams showed $37 in cash as the case closed with no defense offered and a stay of execution granted until this morning.
MENTIONED IN THIS ARTICLE
Walter Williams
Sheridan Club
North Main Street
Frank Mitchell
Butte
Mitchell
Williams
Wall Street Steel Stocks Lead Broad Market Rally
In New York on January 7, steel issues led gains with United States Steel at 107 percent and Republic rising above 120 percent. Copper held firm with first quarter sales at 19 percent amid strong export premiums, while rail stocks showed sluggishness as traders awaited a fresh catalyst.
Wall Street Flashes On Copper And Stocks In 1920 Outlook
Small copper sales for the first quarter 1920 delivered at 19, 20 and 20 percent bids for the second quarter with a half premium for exports. Demand for stocks in the loan market after Tuesday close, led by Republic Steel and United States Steel with several industrials up. Kerosene prices up one cent a gallon in several states. Baldwin Locomotive Works reportedly offered a locomotive order from Roumania. General Motors stockholders approve capitalization change. American Radiator declares 4 percent extra dividend. Cuba asks US to buy remaining unsold sugar crop. Studebaker foresees car output over two million. auto men foresee 1920 car shortage. Railroads report November net operating income down from 1918. Initial call money 7 percent. sterling 3.76. money around 6 percent. Japan a large copper buyer with brisk export inquiries.
MENTIONED IN THIS ARTICLE
Heilbronner Company
New York
Iron Age
United States
Republic
United States Steel
Car Foundry
Lackawanna
Bethlehem Steel
Southern Pacific
Wall Street
Republic Steel
Crucible
American Telegraph and Telephone
New Jersey
Maryland
Virginia
West Virginia
North
South Carolina
Baldwin Locomotive Works
Roumania
General Motors Corporation
American Radiator Company
Cuba
Erskine
Studebaker Corporation
Interstate Commerce Commission
Sterling Exchange
Japan
Butte Records First 1920 Below Zero Temperatures
In Butte temperatures dropped to below zero for the first time in 1920 with ten below on the flat and one below in the business district. By afternoon readings rose to 12 above with 17 above as the day’s high and officials forecast continued clear weather and warming.
MENTIONED IN THIS ARTICLE
Butte
Butte Electric Railway Company
Unable to arouse drunk asleep on judge's porch
Mike Perovich was found asleep on the porch at 740 Maryland avenue at midnight. Magistrate H J Grimes could not wake him and a patrol wagon was summoned. Perovich posted a $10 appearance bond but forfeited it after missing the police court. Weather risk noted as zero degrees.
MENTIONED IN THIS ARTICLE
Mike Perovich
Maryland Avenue
H. J. Grimes
Perovich
Grimes
Settlement of Property Rights at 620 Illinois Avenue
Lena Ouellette seeks accounting and sale of a house at 620 Illinois Avenue and distribution of proceeds to entitled owners. She names Samuel Schafer and six others as defendants. The property rents for 330 monthly. she seeks one seventh of proceeds and $500 for attorney fees.
MENTIONED IN THIS ARTICLE
Illinois Avenue
Lena Ouellette
Samuel Schafer
Attorney Objects to Excessive Bond in Bootlegging Case
Burt Marsh, attorney for John Milovich, protested a $500 bond set in Butte police court for bootlegging charges. Magistrate H J Grimes affirmed bond. Milovich, found with two demijohns and a gallon bottle of moonshine, also faced sale charges as trial was scheduled for 2 PM.
MENTIONED IN THIS ARTICLE
John Milovich
East Yark Street
Burt Marsh
Butte
H. J. Grimes
Milovich
French Academy Delays Dictionary Revision by Holidays
Paris reports Christmas and New Year will push the French Academy’s dictionary revision back two weeks. The project began in 1878 and has reached the letter F after 41 years of work, with completion now estimated for 2020 or 2025.
MENTIONED IN THIS ARTICLE
International News Service
Paris
French Academy
Academy
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