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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jul 14, 1920
Page
12
Market notes show spring wheat yield forecasts cut by rust damage while July prices fluctuate. September wheat ranges around 1.84 to 1.56 per bushel with December similarly pressured. hogs and grain face setbacks as provisions decline. Butter and cheese prices hold firm amid mixed commodity signals.
Cattle receipts around 11 000 at Chicago with yearlings and handy weight cattle strong to higher top 17 25. Sheep receipts 11 000 market slow to steady with native lambs at 16 and best wethers 13 75. Spokane reports hog receipts 10 000 market strong prime mixed midrange, cattle receipts 50 steady with prime steers 10 50 to 11. Sheep receipts 234 steady with prime lambs 10 12 and yearlings 10 8 30. Wall Street items note bank movements, note circulation and stock market tendencies with mixed signals from brokers and banks.
Absence of constructive developments left traders with little buying power as shorts intensified. About 600000 shares traded with oils, steels and equipment leading gains for Royal Dutch, Mexican, Pan American, Crucible, Replogle and Baldwin. Canadian Pacific and Reading held firm rails while Shippings, coppers, tobaccos and chemicals lagged. United States Steel rose early, then market ebbed into late session with wide swings and a irregular close.
The Herbronner Company reports a lighter market, trading around half a million shares. United States Steel hovered near 9, Vanadium fell to 83 1 4, closing 8. Tobacco eased, Pan-American showed accumulation, and Royal Dutch held around 114. Studebaker dipped, rails led the decline, and analyst Dave Minton expects higher prices as major interests accumulate.
The June copper output across major firms shows gains for Utah Copper, China Sopper, Ray Consolidated, Nevada Consolidated, and related outfits, with Shattuck Arizona the exception. Other metals and mining notes include Nabob Consolidated raises, Orogrande mill capacity increase, and strong silver lead ore activity in the Butte region.
Horoscope section appears garbled but references to astrology and celestial alignments. The second fragment reports New York money market figures on July 13 including mercantile paper rates and sterling, francs, guilders, lire, and copper and metals prices with bid and offer details.
Montana towns including Miles City Havre Missoula Great Falls and Helena reported heavy showers on Monday with Miles City at 1.30 inches Havre .80 Missoula .62 Great Falls .50 Helena .39 Kalispell .82 inches easing drought in several northern counties and relieving moisture shortages.
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