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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jul 15, 1920
Page
12
Heavy selling in the corn market led to a setback in prices with September around 1.50 and December about 1.43 to 1.41, then a tumble before closing nervous. Oats rose briefly then declined. provisions weak from cuts. Barley around 1.18 to 1.22 with Timothy seed 10 to 12. Glover seed mixed. pork nominal. Receipts 14,494. storage packed extras at 4 1/2 cents.
Livestock futures and cash prices mixed across Chicago South St Paul Omaha and New York reports. Cattle receipts around 9 000 at Chicago with steady to firmer calves and good demand for prime cattle, hogs receipts near 21 000 with sharp declines early, sheep around 17 000 with steady to higher bids.
Uncertainty weighed on stocks with a firm undertone at the open and lighter activity than the prior session. Gains in American Car Mexican Petroleum and Reading led early advances while American Woolen slipped. Late rally faded amid profit taking as oils and equipment recovered and transport stocks rose. closures were heavy with about 500 000 shares traded.
The article reports ongoing professional market activity as investors react to rumors of coal shortages. It notes the Interstate Commerce Commission approving a $200,000,000 credit line for steel orders, with sector quotes and earnings glimpses from Lackawanna. Wheat futures trading resumes on the Chicago Board of Trade, while rail, metals, and currency movements show mixed shifts amid coarse market speculation and weather-related supply signals.
Yellowstone County assessor forwards totals to the state board of equalization. Real estate and improvements in Billings listed at 18 086, and other real estate values plus personal property amount to 45 303,16%. The assessment notes a public sale value tied to taxation and credits.
A two foot wide ore body with rich gold and silver values is reported at the Jib mine Basin district near Helena. Separate strikes at the Vera Cruz mine Lump Gulch Jefferson county yield copper silver and lead with new ore shoots and continued shipments to East Helena, reflecting ongoing activity by Anaconda interests.
The United States Steel Corporation has long been a major lender in the call money market as steel warehouses fill. With rising steel stocks and grain prices high, analysts foresee tighter funds and a volatile market until midmonth and a potential crop-driven rally later, aided by expected freight rate increases before August.
The article notes weak operation in fur silk feather woolen and rubber sectors and a housing of immigrant labor on farms fueling a rumored surplus of farm hands in the West. It cites cautious stock exchange sentiment for slow deflation while Illinois Central declares a 15 percent quarterly dividend and National City Bank boosts capital to 40 million. The Inter state Commerce Commission approves railroad loans totaling 22 million of 30 million revolving funds and Bankers Trust eyes absorption of Liberty National.
The autumn planetary forecast warns of stock market flurries and post spending excesses. It predicts gains in educational methods and honors for professors, a critical public mood, practical patriotism, and possible illnesses or labor strife as Venus and Saturn aspects influence outcomes. Public ownership debates and railway receipts rise amid cautious travel and business discipline.
Miss Nefie Me Night of Dell is in Lima with plans to start a music program here and continue it through the summer months. The town also sees visitors and locals traveling between Rexburg Monida Dillon Boise and Idaho Falls as they attend family and business matters.
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