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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jun 23, 1922
Page
10
Wheat prices moved higher on forecasts of a Northwest heat wave. Corn and provisions fluctuated with steady to higher quotes. officials warned of further crop damage from heat. Foreign exchange in New York showed easy demand while metals edged lower or steady with copper and zinc trading narrowly.
New York stocks surged on heavy buying in Mexican Petroleum to an 11 point intraday gain before finishing up sharply. Rail and auto sectors also rose, with mixed results across transportation issues as overall volume reached about 900,000, alongside mixed loan and money-market action and foreign exchange moves.
Los Angeles police arrest M Le Roy Stone known as the breastplate hold-up man. Stone, UC Berkeley graduate and son of a wealthy Los Angeles apartment owner, had written instructions on how to hold up in his dockets found at arrest.
The Heilbronner Company notes a fresh surge in Mexican Petroleum after noon, but traders expect muted market impact as conservative players fear a single stock spike. Rail activity rises while the rediscount rate may ease further, bolstering short covering and dividend speculation around Mexican Petroleum and California Petroleum. New England institutions buy American Woolen amid tariff optimism. steel and coal uncertainties persist as mills plan ahead.
A mosaic of cattle and hog prices from Chicago and Kansas City markets. Cattle receipts near 19,000 at Chicago with beef steers advancing and fat cows around $34. Hogs steady around $10.30 to $10.50 with top bids near $10.75. Kansas City reports lighter cattle volume, steady to higher prices for steers, mixed results for calves and heifers, and hogs around $10.25.
Grain and livestock quotations show steady demand with limited change in Portland Spokane and Denver markets. Notes mention allocated premiums, cattle and sheep receipts, and general steadiness in market indices across several cities, with some notations on prices around twelve dollars and twenty-five cents per some unit.
June 22 23 updates show call money at 3 percent high and 2 percent low with last loan 3 percent. Time loans easing at 60 days 3 percent and 90 days 4 percent. Butter and eggs prices vary with creamery extras at 37 to 38 cents. cheese firm. Bar silver and foreign exchange quoted with London pricing. Money rates and discounts noted for short and three month bills.
The Rev. Dr. H. T. Cousins of Anacosta Baptist Church Washington will soon leave his pastorate to serve as chaplain for the Protestant church to lepers in Carville Louisiana. His wife will accompany him. They have worked among lepers in South Africa. The Carville leprosy colony is government supported while the church is a gift from churches of all denominations.
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