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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jun 22, 1920
Page
10
Chicago June 21 After a weak start fresh corn buying emerged as receipts lagged expectations. July and September hit season high prices before modest pullback leaving prices unsettled. Oats rose then corrected while hogs fell, pork lard and ribs quoted with mixed cash quotes for wheat corn oats and seeds.
Livestock receipts total 85,000 with cattle at 20,000, hogs 50,000 and sheep 15,000. Best beef steers steady, common and medium down 0.50 to 0.40, bulls steady, calves down 0.25, stockers and feeders down 0.25 to 0.40. Hogs active, 0.10 to 0.20 lower, tops at 15.70, lighter lots 15.40 to 15.65, pigs weaker. Sheep receipts slow, best native lambs around 16, western lambs higher, yearlings 12, ewes 6 to 7. about half direct to packers.
June 21 Spokane market notes show hog receipts at 91 with market steady margins. Prime mixed porkers around 15.50 to 16, rough heavies 13.15, stockers 13 to 14.25. Cattle receipts 172 with primes 11.50 to 12, cows and heifers 8.50 to 10, canners 3.50 to 5, calves 9 to 12.50. Sheep receipts 1,680 with market firm. prime lambs 10 to 12, yearlings 7 to 8, wethers 6 to 7, best mutton 3.50 to 6.
Omaha market report shows hog receipts around 9,000 with slow demand and losses of 15 to 35 cents. top hog price $15.50 and bulk sales $13.85 to $14.50. Cattle receipts about 6,700 with few early sales of choice steers steady and heavy steers weak to 50 cents. top $16.50. most steers and butcher cattle weaker. Stockers and feeders 25 to 50 cents lower. Sheep receipts 6,000 lambs slow. steady on ewes. best Nevada lambs at $16.25 and bulk $15.25.
South St Paul cattle receipts total 10 200 with steer and heifer prices mostly steady to 50 cents lower. Fat cattle range 14.25 to 15.75 with bulk around 14.30 to 14.75. Calves traded 5.50 to 13.00. stockers and feeders weak. Sheep and lamb receipts 1 100 with lambs and wethers lower and ewes steady.
New York money market closes firm with 60 day bills near 2.93 percent for Sterling, 60 day commercial bills around 3.93 percent, demand rates 3.08 percent, cables 98 percent. Currencies show Belgian francs 8.31 to 8.33, guilders 5.85, lire 6.94 to 6.98, marks 2.40. Time loans steady at 4.0 percent, money strong with high 11 percent, low 7 percent, closing bid 10 percent, banks acceptances at 9 percent.
New York reports mixed metal trading with copper dull on spot and futures for June and July around 18 and 144 cents respectively. Antimony steady near 49 dollars per unit, zinc quiet with East St. Louis delivery bid at 7.30 cents and asked at 7.60.
A private Monte Carlo school attached to the famous gambling casino trains croupiers in all duties and offers practice for those who have had a holiday or rest affecting dexterity and precision.
The late Barons Ferrary postage stamp collection, seized as alien property during the war, will be auctioned by the French government. Popular Mechanics notes the collection was built at an expense of about 2 million dollars.
In New York the stock market softened under tighter money, clearing house reserve deficits, and Western Europe tensions. Volume around 500000 shares with notable drops in Barrett Studebaker Cru cible while Lackawanna and others rose slightly. Closing was heavy amid rising call loan rates to 11 percent and renewed railroad strike concerns.
The Heilbronner Company reports today’s stock market edging higher in industrials and rails before loans calls surged. Banks called loans, call money spiked to 11 percent, erasing early gains. Copper was dull, silver rose in London, and rail shares like Reading and Southern Pacific rose modestly while Mexican Petroleum and Pan American held near recent levels. The Versailles treaty talks and the Near East developments influenced mood while stocks with recent stock dividends underperformed.
The Heilbronner Company notes next year's sugar production may rise thanks to better weather and more cane planting. The federal board reports banks reserve ratios rising from 4 to 44.5 percent, with New York Federal Reserve Banks increasing from 40.6 to 42.5 percent. Steel trades show major companies already securing work for two to three years. There is quiet rail absorption and a belief that the slow downward business adjustment is tied to shortages in essential lines. Steel mill conditions improve, credit strengthens, and the crop outlook has improved over last month. An influx of gold could ease call rates until crops demand funds, while Western banks liquidate loans to reduce pressure on Eastern centers.
Market downturns seem driven by professional raiding amid quiet speculative sentiment, though specialists report limited stock reaction and uncertainty in early assessments.
New York sugar market notes tighten on refined varieties with cent shifts. Centrifugal and fine granulated grades show minor gains and steady trading as June prices anchor at around six cents per pound, with limited activity reported.
Lloyd Stalcup was sentenced to not less than 30 days nor more than 60 days in Musselshell county jail after conviction in district court for mayhem from a fight at the Star mine east of Roundup. His opponent is missing an ear. The trial followed a hung first jury. next cases mostly involve oil leases and a disputed Roundup Oil and Gas stock block.
Barnes- King Development reports May bullion from North Moccasin Piegan- Gloster and Shannon mines totaling 65611 dollars 53 cents with North Moccasin at 1971 tons 9 52 per ton Piegan- Gloster shipping 1116 tons at 17 04 per ton and Shannon at 2217 tons 10 97 per ton. Neihart Silver Mines faces wage dispute with unions while foremen list daily rates for many trades and eight hours constitutes a work day. A first-aid mine rescue contest to be held in Denver Sept 9 10 11 gathers Canada Mexico and U S miners under interior department bureau of mines sponsorship. Black Chief mine near Cut Bank transferred to local capitalists with high grade copper and uranium found, suggesting future large-scale operations.
Preparations move ahead for Roundup Fourth of July celebration with committees planning the largest event yet. The Miracle well spudding by L A Moran will be a feature along with band concerts baseball games athletic events dancing and a mammoth parade. Hundreds of visitors are expected to attend, with sports at the fair grounds across the river from the city.
The oak doors at the entrance of St Pauls Cathedral in London reach 30 feet in height and are believed to be the largest one piece doors in the world. Each leaf bears the name of its carpenter and the doors are nearly as old as the cathedral itself.
Drilling at the Van Duzen discovery well expects results in a few days as the drill nears pay sands. Geologist John D. Hoff believes a stronger oil flow may follow. Hard cap rock slows progress, with only inches per hour drilled. Local and regional investors, including Marland Oil parties from Oklahoma, show active interest in the Big Wall dome and related prospects. In Wichita Falls Texas, L A Moran and associates prepare a standard rig in Famous Heights for a July 5 spud, tied to nearby town lot sales and a public celebration. The 120 day drilling horizon includes novelty of remote monitoring from Pebbleford building offices.
Roundup June 21. Union Oil Company of California representatives are in Roundup closing leases on Devil's Basin and Devil's Pocket structures. They plan immediate development with one deep test well per structure and, if successful, 5 to 10 rigs. They will build refineries and pipelines to handle production, boosting Montana oil development.
Potash deposits found in the province of Caltanisetta Sicily are described as immense and among the richest in the world. Early investigations suggest extraordinary mineral wealth with potential global impact.
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