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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jun 05, 1920
Page
12
Free selling by commission houses triggered sharp corn breaks in Chicago trading with July near 1.72 to 1.74 dollars and September around 1.60, then a nervous close higher before slipping. Oats faced heavy selling, provisions weakened with hogs. Cash quotes listed for wheat, corn, oats, rye, barley, timothy, and seeds. receipts tallied at 15,193 cases with varied grade prices.
Livestock receipts 7 000 cattle 35 000 hogs 8 000 sheep in Chicago cattle steady to 15 lower with top heavy steers 14 75 14 90 prime cows 12 bulk feeders 9 10 50 hogs mostly 5 lower spots weaker top 14 60 250+ lbs 13 50 14 10 pigs 25 lower. Sheep quality poor strictly choice lambs steady others lower prime lambs 16 40 16 choice ewes noted.
Hogs Receipts 47 market steady prime mixed 14.50 15 medium mixed 14 14.50. heifers and pigs 12.25 14. stockers 13.25 14. Cattle Receipts 118 market steady prime steers 12 12.50. good to choice 10.25 11.25. medium to good 10. fair to medium 8 9. canners 3.50 5. bulls 7.50 8.50. calves 9 14. stockers and feeders 7.50 8.50. Sheep Receipts 3,835 market ready prime lambs 13 13.50. fair medium 10 11. prime yearlings 2 10. prime wethers 7 9. best ewes 4 7.
Omaha market report shows hog receipts steady to strong with top prices around 14.4 to 14.6 and bulk 13.15 to 13.60. Beef cattle active with steers up 15 to 25 cents, best weight around 14.10, bulk 11.75 to 13.50, stockers and feeders firm. Sheep and lambs: best clipped lambs at 15.10 while other categories mixed. keepers 2,000 head noted.
June 4 report from South St Paul shows cattle prices: hogs 10,000 head mostly 25 cents lower. bulk hogs around 13.50 to 13.60. Receipts 2,500 market fat steers 13.50 to 15.50, cows around 7.50 to 12.50, calves near 25 cents low. Receipts 1,000 lambs and yearlings 4 to 8.75, wethers 4 to 8.75, ewes 4 to 5.
Capt. H J Zeigemeier outlined a program for the naval reserve to enroll 20 000 reservists and mount a six weeks cruise to Antwerp aboard the Frederick in July to maintain readiness. Capt James P Parker urged inactive duty members report to brigade HQ as mobilization drills begin. Pay raises under the naval appropriation bill will boost drill pay to 1 50 to 2 per drill. The navy promotes reserve opportunities with instructive cruises and deployment of Eagle boats from Portsmouth to the Pacific for practice cruises.
In Clarksburg West Virginia Miss Carrie Nicholson reportedly became violently insane while watching battle scenes in a movie. The ruling surfaced as her case appeared before the Harrison county lunacy commission. She had been engaged to a man who perished in combat on the French front.
New York June 4 trading on the stock exchange shows a steady decline in activity after the first half hour with about 325000 shares changing hands. A few issues rise while others soften, oils and coppers fluctuate, and overall outlook remains cautious amid deflation fears and political uncertainty.
Stock market opened listless with a late buying wave. Baldwin ex-dividend 3% at 111% to 114%. United States Steel opened 92% and closed 94% the day high. Major gains in American Car and Foundry, American Locomotive, Studebaker, and others. Endicott Johnson declared 1.25 common and 1.75 preferred dividends. Copper demand shows April to May declines. Osage oil well reported in Oklahoma. American capital buying in Germany’s steel sector. bar silver prices given for New York and London. Salt Lake list begins with Albion and Alta Commodities.
A continuation of irregular improvement is expected in the general stock market with focus on oils, equipment and steels. Buying of United States Steel, Tobacco products, American Car Foundry, and Pan American Petroleum is reported good. The New York Stock Exchange ruled American Sumatra company stock to be ex rights on June 4 with subscription rights expiring June 8. Lehigh Valley common stock was ruled not to be quoted ex-dividend 8 3 4 percent on June 11 and not until further notice.
The June 1 report from the research department of the credit clearing house notes many advertised sales lacked patronage over the past two to three weeks. It cites 200 wholesale to retailer transactions showing buyers in numbers but lower quantities and cash values. Indebtedness declines as large centers feel a sharper shift.
The company reported earnings of $2.20 per share in 1919, down from $6.87 in 1918, reflecting a steep drop in profitability for Greene-Cananea Copper. The figures imply reduced net income per share amid postwar market conditions and production factors affecting the mining sector.
Mercantile paper 7 percent per cent, exchange irregular. Sterling six twelve day bills 3.85 percent, six day bills on banks 3.85, sixty day 3.854, demand 3.90, cables 3.91. Francs demand 13.02, cables 13. Belgian francs 12.42, ca law 1 wine awry. Guilders demand 3.64 percent, cables 3.6. Live demand 17, cables 16.98. Marks demand 2.40, cables 2. New York exchange on Montreal 11 percent discount. Government bonds irregular, railroad bonds steady. Time loans strong, unchanged. Call money steady, unchanged.
New York on June 4 reports copper dull and firm electrolytic for June July and August at 19e and 19 ½c. Tin trades at 49 50 with July 49. Antimony price listed as e and lead steady at 8 9c. East St Louis spot price cited at 7 30c.
A Libby dispatch reports rapid progress at the Lukens Hazel mine where 32 machinists and millwrights are building a concentrating mill. The 160 by 40 foot structure is nearly complete with the crusher in place and ore handling equipment underway, as observers note significant development since last fall.
Arstad Oil company notify yesterday that its drilling rig has been unloaded at Shawmut and will be moved to the well site for immediate operation. The Tri-City well is over 300 feet deep nearby. Central Montana Oil company formed by Great Falls and Lewistown investors plans operations with a 200000 capital. directors listed. Aged Lewistown resident John Lawn dies at 96. Belle Murray estate to four Iowa sisters and one brother with niece Mrs. Clara Scott Kimball to receive large shares. Heavy storm brings rain, reducing Moore airplane trips while Lt Merrill Riddick and Roland Riddick fly plus Miss Thelma Anderson and Ray Schloemer. Mayor Simon Brown of Denton hires plane for trip tomorrow.
Diplomas were conferred on 46 graduates of Billings high school with an address by Prof. Killward O. Sisson of the state university. Forty students received diplomas at Billings Polytechnic Institute exercises. County farm bureau presented young pigs to six boys and girls in the Pig club for care until the Midland Empire fair. Rotary club adopted a resolution in favor of the proposed university initiative measure as a step toward solvent state higher education. Examinations for teachers' certificates were held in Yellowstone.
The county began yesterday with many candidates for second grade certificates and continued today. County superintendent Miss Frances Miller denied Pompey’s Pillar residents’ petition to split school district No. 24 on the Huntley project to establish a high school at Pompey’s Pillar. The sole project high school remains at Worden.
Boston council approves an ordinance to name new squares after war heroes. Canterbury and Seymour streets will be Joseph F. McGrath square. Mount Pleasant Avenue Blue Hill Avenue Magazine and Dudley streets junction becomes John J. Gately square. Westville Street and Geneva Avenue will be Daniel C. McDermott square. Columbus Avenue playground may be named for William F. Carter.
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