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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jun 25, 1920
Page
10
Chicago June 24 larger receipts pressured corn with opening bids down 4 to 6 cents, July at 1.80 to 1.81, September 1.70 to 1.70, then a mild rally before sharper weakness. Close nervous 2.5 to 4 cents lower, July 1.76 to 1.77, September 1.67 to 1.67. Oats trend below yesterday, wheat and provisions mixed with cash quotes shown. Receipts 19,898 cases. Butter unsettled, eggs higher.
Cattle receipts 11000 beef steers steady to strong with some medium weights higher. top $16.85, bulk $14 to $16.60. Fat cows and heifers strong to higher. bulls and calves steady. stockers and feeders steady. Hogs receipts 31000 best grades steady, others steady to 15c lower. bulk light and light butchers $15.70 to $16, 250-lb+ $14.50 to $15.65, pigs 25c to 50c lower. bulk $13 to $14. Sheep receipts 11000 market active steady. choice medium lambs $17, bulk $16 to $17, California lambs $16.25, choice yearlings $15, wethers $9 to $9.25, choice ewes $8, bulk $7 to $8.
Spokane June 24 market report shows hog receipts 32 with strong demand. Prime mixed hogs 15.50 16, medium mixed 15 15.50, rough heavies 13 15, sows 14 15, stockers 13.50 14.25. Cattle receipts 324, market steady. Prime steers 11.50 12, good to choice 10.25 11, medium to good 9 10, fair to medium 8 9, common to fair 6.50 7.50, cows and heifers 9.50 10, bulls 3 7.50, calves 9 12.50, stockers and feeders 8 50 78. Sheep no receipts, market steady. Prime lambs 10 12, fair to medium 9, prime yearlings 7 8.50, ewes 6 7, best mutton 3.50 6.
South St Paul June 24 receipts total about 6,000 in pigs and 2,500 cattle with killers steady. Fat steers trade near 7 to 8 dollars, cows and heifers around 5.95 to 8. Calves steady at about 5 to 12.50, stockers and feeders 64.50 to 14. Market for sheep rises about 50 cents with lambs 6 to 15.50, yearlings 4 to 8, ewes 2 to 7.
Omaha June 24 hog receipts 60, market slow and uneven with declines up to 35 cents. Cattle receipts 5,000 with beef steers and butcher stock 15 to 25 cents lower, best heavy steers and yearlings around 16.25, yearlings down about 50 cents. Sheep receipts 3,000 with lambs best natives around 16.40, near all time highs.
New York reports mercantile exchange rates with 60 day bills at 3.91 percent and demand at 3.96 percent. Sterling and francs show varied figures with cables. Time loans and call money move, 14 percent high, 8 percent low. government bonds easy, railroad bonds irregular. Berlin shows slight recovery in late dealings.
New York June 24 raw sugar nominal at 1.56 cents a pound. Refined steady and granulated at 22 1/4 cents. Futures were less active early but undertone steady with noon prices 20 to 50 points higher. Sugar futures closed firm with July and September at 2, December 15.55 cents, January 13.6 cents, March 12.70 cents.
In New York copper showed dull trading with July and June at 18 to 19 cents and August and September around 19 cents. Spot and June copper traded near 49 dollars with July at 48 50. Antimony quoted at 8 cents. Lead remained quiet with spot and June offered around one cent. Zinc rose in East St. Louis trading at 85 cents.
Bar silver in New York reported at 9913 cents domestic and 90 cents for foreign, with Mexican dollars at 68 cents. London quotes bar silver at 50 4d per ounce with money at 4 percent. Discount rates: short bills 6 4 percent and three month bills 6 11 16 percent. A coffeepot using a vacuum bottle principle with a lid serving as a stopper was invented.
New York June 24 prices showed improvement early then money rates surged from 8 to 14 percent causing mixed results across sectors. Demand loans peaked at month’s high, leaders fell back, Mexican Petroleum Crucible and Baldwin rallied, and Inspiration declared a quarterly dividend of 14 dollars per share payable July 26 to holders of record July 9.
June 24 report shows Greene-Cananea resumes 50 cent quarterly dividend, Inspiration Copper cut to 1 dollar, and Silver down in London. Money tops weekly highs at 14 to 15 percent, call money at 8 percent. Despite adverse factors, the market rose with industrials gaining. rail shares weak early but recouping losses. Analysts advise buying as oversold. cotton and grain slump and switchmen return to work. Bar silver in New York at 99 1/2 cents domestic, 90 1/2 cents foreign.
The Heilbronner Company notes that large sugar interests are discussing a combination to cut costs, with gossip circulating in several street quarters about a potential alliance aimed at reducing expenses.
Greene-Cananea announces a cash dividend of 50 cents per share payable August 30 to stockholders of record August 6. The prior dividend was $1.50, paid in February 1914. The report notes heavy demand for money and a potential rise.
Wednesday's market was a professional affair with high money costs and broker difficulties. Submarine Boat stock is being prepared for listing on the New York Stock Exchange, signaling continued bullish activity despite headwinds.
The Reading Company declared a 2 percent quarterly dividend on common stock payable August 12 to holders of record July 30. A 1 percent regular quarterly dividend on the first preferred is paid September 9 to holders of record August 24.
June 24 report lists candidates including N. O. Miller of Denton running as a Republican for state treasurer and W. I. Jones of Haronton as Republican for attorney general in the current filing period.
Helena reports the first petitions under a new act for free county hospitals to be funded by tax levies. Up to one hundred freeholders may trigger a special election to approve the hospital measure.
Mines and mining work begin on a 100 ton mill at Mount Washington near Wickes, with completion months away. Copper ore strikes reported at Clagy Verdun near Clark's Fork yield a 16 inch vein at 30 feet depth. Gold Mountain group in Ferry county shows silver lead potential with high lead and silver values in carbonate seams. Vermillion mine in Sanders county adds a new compressor as development proceeds. Dual silver markets emerge in New York due to Pittman act effects, while England and Germany show limited copper demand and new credit contracts for U S producers.
An astrologic forecast says favorable influences for women in public life and business, with 1922 destined to honor women in labor circles. It cautions political strife in Europe, health notes for the U.S. president, and optimistic outcomes for those born under Cancer.
Nelson Story Jr of Bozeman won the $60,000 bid to build about eight miles of the West Gallatin road on Gallatin forest with $30,000 paid by the forest service and the balance by Gallatin forest. Ohio Match Co snagged a $1,000,000 timber lease on Scott Creek in Coeur d Alene forest near the Montana line. revenue about $35,000. A car carrying 25,000 pounds of butter shipped from Missoula creamery to Chicago marks the season’s first major cast shipment from Western Montana. Mineral County raises $900 for highway improvement from Lothrop to Lolo for an 80 mile auto route around the circle Missoula Alberton Lothrop. The annual state Churches of Christ convention travels to Butte.
Practical government and problems affecting civic life will be discussed at the s 200 of citizen ship. The League of Women Voters plans the class for men and women at the university auditorium in the new science building starting next Monday. Mineral citizens contribute 300 dollars, forest service 300 dollars, with county commissioners covering the balance.
A cloud burst on Blacktail beach damaged crops and raised Blacktail Creek briefly while heavy rains saved lawns and dust in Dillon. The Beveridge orchestra from Helena played at Dillmont park and many Helena residents joined locals for the dance. A Stone Creek road grade survey by County Engineer Chapman aims to improve wagon passage with landowner permission. County commissioners delay July 13 meeting due to the Fourth holiday. The American Legion band plans to attend the Livingston legion meeting and a benefit dance at Dillmont park will fund sending the band under George Crowell. Miss Marie Eagen of Butte enrolls in summer normal college courses in Dillon.
A. A. Franzke resigns as Lewistown schools superintendent amid a protracted dispute. W. D. Swelland of Kalispell is hired to replace him after board approval by wire. J. B. McKenna will seek the Democratic nomination for Fergus County attorney. Fergus County Fair dates set for Sept 28 to Oct 1 with plans for strong state fair exhibits as crop outlook improves and showers bring moisture.
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