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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jul 21, 1920
Page
10
Opening wheat prices showed both gains and losses with December at 2.60 to 2.61 and March at 2.62 to 2.64 before a setback pulled December to 2.56. Corn declined broadly and provisions remained dull. Cash quotes for red, No 2, oats, rye, barley and butter, eggs and pork markets noted with receipts of 12,906 cases.
Chicago cattle and hog and sheep receipts and prices with gains for calves and stockers. hogs steady to higher with bulk prices around 14 to 16 dollars. Spokane market steady with prime and good cattle and sheep quotes, record receipts sparse for some categories.
Omaha reports hog receipts around 500 with early shippers paying 25 to 35 cents higher, easing to 10 to 15 cents up for packers, top hogs at 15.90 and bulk trades 14.40 to 15.50. Cattle receipts 4,500 with good to choice steers and yearlings steady, other types weak to 25 cents lower, stockers and feeders steady to higher. Lambs and sheep 25 cents higher to steady. feeders up 25 cents. Recounts show 30,000.
New York money markets show Mercantile Paper steady at 7 to 8 percent with various exchange rates quoted. Sterling heads higher in late dealings while time loans and call money hold near the 8 percent range amid global currency movements.
Bar Silver in New York and London notes little change on July 20. Domestic rates steady at 8 9 16 cents per ounce, Mexican dollars at 67 cents. London markets show bar silver at 52 1 2 pence per ounce money with a 4 1 2 percent discount rate unchanged.
New York trading showed little reaction to the railway wage award with about 300000 shares changing hands. Railroad shares dipped modestly on initial selling as investors expected unsatisfactory outcomes. Low priced rails like Southern Railway Missouri Pacific and St Louis & San Francisco fell, while steels and equipment shares eased. overall the close remained firm despite a cautious session.
Billings July 20 Mrs Robert A Findlay is hospitalized with severe bruises and possible internal injuries after a crash near Absarokee Saturday night. Three others suffered smaller injuries while Francis Kihm was pinned beneath the overturned car receiving a deep head wound. The vehicle was driven into Billings. Findlay a contractor was driving.
Announcer urges readers to study buying problems and the ads for the best news on thrifty purchases. The message stresses ads as a guide to reduce uncertainty and stretch budgets.
Washington reports a 400 million pound drop in national meat production for the last six months versus last year. The Institute of American Meat Packers cites 2.5 million fewer cattle hogs and sheep slaughtered at 69 markets as the basis, noting losses to producers and packers and lower pork product prices due to weaker exports. Cattle prices in May neared prewar levels, while June native beef steers averaged 14.95 at Chicago, near record highs for June.
Mines and Mining developments in the Park district near Townsend progress satisfactorily. Dr Scott and associates of Butte drive a 2000 foot tunnel at 260000 dollars. crosscutting a lead rich vein to tap a lenticular mineral zone. North Butte Mining reports copper output at two million pounds monthly since July, recovering from April strike. Nabob Consolidated advances a three compartment raise to Sidney level, enabling greater ore movement. Danaher and Toner secure iron ore deposits near White Sulphur Springs with contracts for large tonnage with East Helena plant.
A new venture plans shipments soon from rich iron ore deposits near White Sulphur Springs, with ore grading over 60 percent iron and favorable handling costs. Danaher travels there to begin work on the property as reports note ongoing concrete work in the Dallas shaft of the Copper Queen branch at Bisbee.
Portland July 20. Eight steamships will be chartered to transport the 1919-20 wheat crop to Europe. Max H. Houser, president of the Pacific Grain Company, announced the plan, stating the fleet will complete the current crop movement for his company and the Portland Flouring Mills.
Astrological predictions promise favorable trends with Mercury Saturn and Neptune aiding publicity and reading revival. Cautions include possible media intrigue and the birth year forecast for Leo subjects, plus a noted figure's death and tax talk ahead. Also reports a Duluth man’s son, a Los Angeles daughter, and yesterday’s marriage of Fred H McPhillips to Miss Emily Isaacson.
Joseph Sims, stockman and Yellowstone National Bank director, died after a long illness. Funeral planned Wednesday at the Episcopal church with prominent business pallbearers. Also, Miss Helen Rauh of Billings won a top piano prize at Chicago. Mrs. Carrie B Halgreen and Mrs. Martin are noted as local figures who passed away recently.
The Van Duzen well reaming tool arrived from Los Angeles and operations were resumed. H. W. Van Duren says, barring accidents, the well should be in by Wednesday. It is 1480 feet deep and already yields oil from the second sand. After 40 feet more reaming, casing will be driven and drilling into the Roundup sand will follow. Geologist John D. Hoff estimates the sand thickness over 80 feet.
The Roy Holding and Development company spudded its first well in the Roy area with 100 feet drilled by nightfall. Arstad Oil spudded a well near Shawmut, 65 feet reached. 200+ guests attend, luncheon hosted. Nearby E G Lewis California syndicate well at 1,350 feet with 500 more to go, showing oil. Hancock cup golf final won by Bruce Radigan over Mac Lutz. Homer White statutory case verdict guilty. sentencing next week. Reverend Bissell of Massachusetts to preach Sunday at Baptist church as potential pastor.
The community notes that the position has been vacant since the Rev. Daniel Bryant was called to Great Falls in the spring, leaving the church without a pastor during the interim.
Miss Hazel Hawkins of Billings sails for London to lead an investigation of the cooperative movement across several counties. The former White House suffrage picket will tour England Scotland Ireland Finland and Denmark and visit Russia Germany and France. She is a Billings High School and Vassar graduate with a chemistry degree from Missouri and has served as a national war labor board investigator.
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