Market Tornado as Liquidity Sparks Corn Slump
Heavy liquidation by holders drives a sharp drop in corn prices with September near 1.56 and December around 1.40. Oats slide after opening losses, while hogs push provisions higher. cash quotes show mixed grain prices and weak butter with rising eggs in today’s market report from Chicago.
MENTIONED IN THIS ARTICLE
Chicago
Stock Market Gains Amid 6 Percent Call Money Surge
Heilbronner notes another advance as pools lift specials. Stromberg Carburetor jumps to 93 from 80, a 13 gain in two days, while Boschs Magneto climbs to 120. Steel, United States Steel, Crucible, American Car and Foundry, and other issues roam higher. rails rally on rate-decision hopes, with Southern Railway and major rail names advancing. London bar silver rises to 99 as domestic prices hold firm.
MENTIONED IN THIS ARTICLE
Heilbronner Company
Stromberg
Bosch Magneto
Studebaker
Anaconda
Utah
Butte & Superior
American
Interstate Commerce Commission
Southern Railway
Southern Pacific
Canadian Pacific
Texas & Pacific
Missouri Pacific
Rock Island
Chesapeake & Ohio
New York Central
London
Livestock Market Report Chicago July 8 Receipts and Prices
Cattle receipts 9,000 with beef steers and stocker classes up to 25 cents. Prime 1,450 pound steers at 17 dollars. best yearlings steady. Hog receipts 26,000 with prices 25 to 35 cents higher. top 16.35. Sheep receipts 19,000 with lambs 25 to 50 cents higher. Idaho and Oregon stock ranges noted. ewes and wethers varied by class.
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Chicago
Idaho
Oregon
Spokane Market Report Hogs and Cattle Prices Mixed
Spokane July 8 market report shows hog receipts and strong demand with prime mixed hogs at 15.75 to 16.25, medium mixed around 15.59, and rough heavies 13 to 14. Cattle receipts 1380 with prime steers 10.50 to 11, good to choice 9.25 to 10.25, medium to good 8.50 to 9.50, common to fair 6 to 7, canners 3.5 to 5.5, bulls 5 to 7, calves 9 to 12.50, stockers and feeders 5 to 8. Sheep receipts 24 with prime lambs 10 to 12, fair to medium 8 to 9, yearlings 7.48 to 50, prime ewes 6 to 7.
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Spokane
Hogs and cattle prices rise at South St. Paul market
South St. Paul on July 8 reports hog receipts 8,700, up 15 cents from prior, bulk hogs around 13.90 to 14. Cattle receipts 2,000 with killers steady, fat steers 6.50 to 15.50, cows and heifers 5.50 to 12.50, calves up to 5.11, stockers 4.50 to 12.50. Sheep receipts 2,500 steady, lambs 6 to 13.25, wethers 4 to 7.wes 1 to 5.50.
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South ST. Paul
Omaha market summary shows mixed cattle and strong lambs
Omaha market report records Hog receipts about 2,000 with prices about 25 cents higher, top 46.75, bulk 14 15. Cattle receipts 3,800 with beef steers and butcher cattle steady to 15 cents lower, best steers 16.25, stockers and feeders steady. Sheep market reports 15,500 with lambs 25 to 60 cents higher and sheep steady, feeders steady.
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Omaha
Wall Street Flashes On Far East Markets And Rail Rates
Slump in Japanese business after a financial panic leads to weaker Far Eastern trade and lower silver prices. England regains influence as stock operators anticipate a summer rise amid flat business. The Interstate Commerce Commission decision on railroad rates will wait until wage increases are settled, with markets expecting easier money mid month and crop improvements reflected in prices. An August 1 freight-rate rise and a fair rail wage schedule are anticipated.
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Wall Street
Heilbronner Company
England
Washington
Interstate Commerce Commission
Rail Commission
New York Stock Market Extends Upward Swing Amid Gains
Trading on July 8 saw about 750000 shares change hands as prices rose across oils equipment and motor stocks, rails led by Southern Pacific and Louisville & Nashville, with oils and chemicals advancing. Market momentum lingered into midday with weakness in some specialties but a strong close in the steel sector and higher overall averages.
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New York
Southern Pacific
Louisville & Nashville
Delaware & Hudson
Southern Railway
Rock Island
Texas & Pacific
St. Louis & San Francisco
Missouri Pacific
St. Paul
New Haven
Metals Market Summary Steady Prices Across Copper Iron Zinc
New York copper remains steady for spot and third quarter delivery with unchanged iron prices. Antimony trades around 7.75 cents while zinc shows quiet activity with East St. Louis delivery bid at 7.40 cents and asks at 7.70 cents. July and August terms noted for several metals.
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New York
East St. Louis
Bar silver and discount rates from New York and London
Bar silver reported in New York and London markets with domestic 99 4c and foreign 944 ¢¢ Mexican dollars at 7le. London shows bar silver at 54d per ounce and money at 4% per cent. Discount rates listed: short bills 6 14 per cent and three month bills 6% per cent.
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New York
London
New York Sugar Prices Steady On July 8
Raw sugar steady centrifugal quoted at 18.56c per pound while refined fine granulated remains steady at 22.24c. Market notes indicate stable tone in New York sugar trading with no major shifts in prices today.
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New York
Montana road aid expected from Washington officials
Billings July 8 Washington highway officials favor Montana road work and will assist, says John N. Edy chief engineer of the state highway commission. He returned from Washington where he helped sign federal aid agreements for Montana projects this year. Edy notes concrete roads in the East cost about ten thousand dollars more per mile than those under construction here.
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Billings
Washington
Montana
John N. Edy
State Highway Commission
Helena
National Capital
Edy
Montana man seeks annulment of teen marriage
Billings July 8 The annulment of his daughter Leeta on grounds she was only 16 is requested by George W. Harding in a district court suit. It is stated the girl married June 26 at Hardin to Edwin Franzen.
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Billings
Leeta
George W. Harding
Hardin
Edwin Franzen
Trike Silver Ore Strike at Plutus Shaft
Butte And Plutus mining crew reports six feet of silver ore in the Plutus shaft 250 feet down. The vein, a silver sulphide with manganese, likely the Plutus main vein, was entered at the hanging wall as operations plan to reach the 800 foot level. Staffing will expand from one shift to three.
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Plutus
Butts & Plutus Company
Hanging Wall
Moyle
Norwich
Butte
Tintic Standard Mining reports first quarter dividends and outputs
The Tintic Standard Mining company paid total dividends of 1 195 022 including a recent 117 470 dividend after completing the first quarterly report. First quarter activity shows sinking 114 feet raises 22 feet drifting 1 402 feet and diamond drilling 675 feet. Shipments reached 16 061 dry tons with a gross assay of 894 032.61. freight and smelter charges deducted 352 952.26. 3 700 tons of mill ore were placed on the mill dump during development. Cooke City mines will haul ore to Gardiner starting July 10 under W D Marlow, with 20 two and a half ton trucks led by R H Young, aiming at 50 tons daily to Gardiner, plus road and facility upgrades. W E F Renshaw will lead Republic development. W B Betterson to supervise assaying and mineralogy. Marlow and Goldbraith oversee new road work and other summer improvements.
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Tintic Standard Mining Company
Cooke City Mines
Gardiner
W. D. Marlow
Helena
Republic Mines
R. H. Young
W. E F. Renshaw
The
Republic
W. B. Betterson
Mr. Marlow
M. M. Goldbraith
Cooke City
Arrowhead Mine Drifts through Porphyry as Silver Rush Grows
Ely Nevada reports Arrowhead mine drift on the 100-foot level tracks a narrow ledge with 1000 ounces of silver per ton and up to seven ounces of gold. Shaft depth reaches 242 feet while Ruby silver lies on the hanging wall. The Syndicate drift on the 200-foot level advances 42 feet, through rhyolite into porphyry, supporting the porphyry intrusion theory for ore deposition.
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Arrowhead
Ely
Horoscope Forecast Warns of Turbulent Year Ahead
The bulletin foresees extended world troubles for years with a clash between old traditions and new ideals. Traders may see satisfactory volume but face many perils. women actors and political seekers face ill omens. Intrigue abroad and defamation loom. coal mining tensions and career ups and downs for birthdate year. Travel and excitement appear likely.
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Jupiter
Venus
Uranus
Saturn
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Billings Baby Clinic Opens With Free Infant Care
The first session of the Billings baby clinic was held with 25 mothers receiving advice on infant care during the summer. Nurse Miss Margaret Irish led the guidance, and the program operates freely under the Billings Woman's Club.
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Billings
Billings Baby Clinic
Margaret Irish
Billings Woman's Club
Billings to Name Streets for War Heroes
The Yellowstone post of the American Legion plans to petition Billings officials to name new streets after local men who died in war. The group also intends to erect a county memorial honoring all Yellowstone county service members who were killed.
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Billings
Yellowstone Post
American Legion
Yellowstone County
Safe Beak-In Yields Little Loot at Flathead Produce
In Kalispell on July 8 burglars blew open the Flathead Produce company safe entering by a rear door around midnight. They pried off cash box panels with a cold chisel and carried away a small amount of money, Liberty bonds, and other papers. No tools or clues left behind.
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Kalispell
Flathead Produce Company
Flood recedes as Lewistown reports $125,000 loss
Lewistown reports normal conditions after a weekend flood with basements pumped out. Initial damage estimates drop to about 125000 while back country losses appear lower due to narrow flood channels. No stock losses. isolated hail damage to wheat fields.
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Lewistown
A. H. McDonnell
Cottonwood Coal Company
Justice F. Skalicky
McDonnell
A. Centilevre
Wayne Petroleum Company
Winnett District
Centilevre
Burkburnett
Texas
Montana
Jesse Huffine
Rhine
Army of Occupation
George W. Goodman
J. B. Payne
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Chicago
W. I. Hughes
T. H. Trams
J. C. McDonald
Briscoe
Christina Country
McConochie
Deer Lodge News Briefs Highlight Local Visits and Arrest
Deer Lodge sees visitors from Helena to join Fourth of July, while Mr and Mrs Miles Blunt and others return from Champion mine. Fleury Sullivan arrested for bunkhouse robbery on Glenn Foley ranch. George A Belding of Billings visits, and George M Melton seeks public administrator candidacy in republicans.
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Deer Lodge
Miles Blunt
Ritchey
J. W. Nichols
Champion Mine
Smilda Lupein
Marie Lupein
Belle King
Marie Duffy
Helena
Fleury Sullivan
Glenn Foley
Guy B. Jeffers
George M. Melton
Dillon
Electricians and Carmen Ballgame Called Off After Umpire Row
Wednesday reports reveal Warren Kelley family spent Fourth of July in Deer Lodge and returned to Butte Tuesday. In a City league game Tuesday night the Electricians faced Carmen. an umpire’s late third inning decision provoked a player and the match was halted. Mrs. Joseph Jacobsen bought George Nick’s Fourth Street property for about $12,000.
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City
Warren Kelley
Deer Lodge
Butte
Electricians
Carmen
Tin
Joseph Jacobsen
George Nick
Fourth Street
Plan to establish Yellowstone County Church Day
Billings July 8 church leaders here consider establishing an annual Yellowstone County Church Day after a successful Sunday school picnic on July 5. The event showed that people of all ages can be drawn to such an institution.
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Billings
Yellowstone County
Coal stockpiling plan urged by Billings clubs
Billings July 8 A joint committee of the Commercial Rotary and Woman's clubs reports progress in urging households to stock coal this summer. The plan aims to prevent winter shortages and keep Carbon county coal miners busy during the off season.
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Billings
Commercial
Rotary
Woman's Clubs
Carbon County
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