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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jan 27, 1922
Page
10
Markets show softer tones as Argentine grain prices ease while corn, wheat, and hogs react to demand shifts. Reports from Buenos Aires and Liverpool mention lard carrier selling pressures and downward revisions. Copper remains steady at riverfront levels as traders weigh futures outlook and regional supply dynamics.
Stocks largely fell with leaders such as Davison Chemical and Gulf States Steel down one to four points as pools boosted bearish pressure. Consolidated Gas postponed dividend action pending Supreme Court litigation, leaving the market with losses in many issues. Total sales reached 835,000 shares as money on time remained available and government bonds rose to new highs.
The Heilbronner Company reports a bleak copper market with prices wavering after an expected advance in Anaconda shares. Trading opened at 60 and slid to 48, amid broader weakness in grain and cotton. Rail stocks faltered, US Steel showed cautious upside, and renewed rail orders hint at a tentative recovery while 1922 outlooks suggest easier money and higher profits ahead. Anaconda Copper earnings show nine months ended Sept 30 with a net loss of 1,466,777 amid large gross and tax expenses.
Receipts and prices for cattle hogs and sheep reported by the United States Bureau of Markets and Associated Press. Steady to weaker tone in cattle with good fat steers around 13.30 to 13.40. hogs steady to higher with prices near 4.50 to 4.80. sheep and lambs fluctuating with bulk figures cited. Market activity noted in Kansas City and Denver reports from June 26.
Portland reports cattle hogs and sheep steady with no receipts. Foreign exchange shows varied demand with Italy and Holland prices. Butter and eggs quoted firm after market coverage. New York money rates and loans noted with standard conditions and maturities.
McKinley circle of the Parent-Teacher association will meet this afternoon in the arithmetic rooms at the courthouse. The session begins at 3:15 and Lincoln circle members are invited. McKinley students who won the recent oratorical contest will be discussed, including Elizabeth Gow, Martha Lingenfelter, Elizabeth R. Smith, Herman Bowersox, Silvain Morris, and Elizabeth Grimth.
Sheridan Wyoming January 26 voluntary reductions in the wage scale of hod carriers were voted last night to take effect February 1 union officials announced today. The new scale lowers hod carriers pay from 7 to 6 dollars per day while common laborers as assistants to the master hod carriers will be paid 5 dollars per day instead of 5.60.
Postoffice Inspectors say they arrested two more men tied to July mail thefts that netted $1,500,000 in canceled Liberty bonds. One man identified as Henry Morris is called the brains of the alleged plot to refloat the bonds, the other as broker Richard Hart.
Special Dispatch reports Montana Development Association announces a $1000 cash prize for top yields on summer tilled land with thousands more in value from district prizes. Prizes target summer tillage club members, based on affidavits, soil conditions, and district divisions. Field staff, including Hardy White, will organize clubs in counties to promote dry land farming methods in Montana and beyond.
The Colorado Industrial Commission announced wage reductions at Telluride mines Humboldt Colorado Superior and a Smuggler Union mine, and at Leadville Yak mine owned by American Smelting and Refining Company. The changes take effect March 1.
Spokane, Wash. Jan 26 Associated Press reports two men convicted by a federal jury in Spokane US district court of stealing liquor from a bootlegger. Edward 18 months and Miller three years. Government alleged the theft followed a chase involving officers and a man named Hugh Montgomery of Dalsy Wash.
Anna Marie Rinear eighteen and Merton Burke fourteen eloped on a new Christmas bicycle from Sylvania Ohio. They rode to Findlay sold the bike for twenty five dollars, then trolleyed to Dayton and Sadieville KY. A storekeeper measured them with a yardstick, recognizing them, and he turned them over to a deputy who notified their parents. They were sheltered overnight and returned home by Anna’s uncle.
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