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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jun 17, 1920
Page
14
Chicago June 16 Corn rose to the season’s high for September delivery as buyers and shippers pushed futures higher. Opening quotes ranged as July at 1.77 to 1.78 and September 1.68 to 1.685, with a later upturn followed by a setback. Oats and other grains gained before a partial pullback as strength in grains supported slight gains in provisions.
Chicago cattle receipts reach 8000 with slow demand and uneven prices. Hogs at 21000 receipts show strength, tops around 15.30, bundled by type. lambs and yearlings varied. Spokane hogs strong with prime and mixed grades, cattle and sheep mixed prices. Omaha hogs up to 11.76, cattle steady to higher. Read with caution as figures appear fragmented.
New York stock market session shows persistent bull pools in special issues like steels, equipment, and chemicals. Notable gains in Barrett and General Chemical, strong rails led by Northern Pacific and Union Pacific, midday profit taking in oils, and heavy Crucible trading rumors over a directors meeting. Call money opens at 7 percent as cautious trading ends with a steady close.
The west hour of trading showed the market active with about one third of turnover in that hour. Barrett’s company held at 149, while Vanadium traded strong, rising over 42 a share. Copper exports rumored to resume France with 7,000 tons over two years at 3,000 tons per month. The market remains pressured by political factors and optimistic on a rebound as pools and operators shift roles.
Miners employed by Neihart Silver Mining and the Belt mine resume full-scale production at the $5.50 daily rate after a strike, with Thomas Tutty returning to Butte and confirming satisfaction with the restored wage. Copper prices drift amid ample domestic stocks and weak foreign demand as production trends and shipments from various Montana mines proceed.
A government decision group weighs placing an embargo on coal exports to relieve shortages in various sections of the country and stabilize domestic supply amid growing demand. Officials assess economic impact and trade implications across ministries and agencies.
Astrological forecast cites favorable aspects of Uranus and Saturn for innovation and planning. Promising signs for agriculture and ocean travel. political results may fuse progressive ideals with traditions. Caution on epidemics and labor unrest across nations. birth dates suggest steady business prospects for the year ahead.
North Montana Ireal Falls patrols seek the body of C P Mitchell, a Montana Power employee who drowned after falling from Rainbow dam. Mitchell, 40, unmarried, was dislodging driftwood when dizziness struck. Also, Anaconda Copper and Western Union contracts proceed in Great Falls. In Big Sandy, Robert McKie and Edna Rider, aged about 18 and 20, were taken from a Great Northern train by police on a mother’s telephonic report and later returned home after an intended elopement to Wichita failed.
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