Markets, Mining and Financial News General Selling Lowers Prices
In Chicago on June 25 the corn market fell as general commission selling weighed on prices. July and September quotes fluctuated, with midday rallies and subsequent declines. Short covering boosted some months, but the close was unsettled with notable lower finishes across contracts. Cash markets showed varied readings. hogs and grain softness pressured provisions.
MENTIONED IN THIS ARTICLE
Chicago
General Commission House
Shorts
Livestock Market Report from Chicago and Spokane
Cattle receipts in Chicago reach 7,000 with beef steers at season highs. Hogs 30,000, market down 10 to 15 cents. top at 15.90. Sheep 9,000, market steady to strong. In Spokane hogs strong with prime at 15.50 to 16.00. cattle steady with prime steers 11.50 to 12.00 and various grades down to 6.50 to 7.50 for canners and bulls.
MENTIONED IN THIS ARTICLE
Chicago
Western
Spokane
Omaha Market Report Sees Mixed Hog and Cattle Movements
Omaha market notes show hog receipts mostly 15 to 25 cents lower with top at 125.65 and bulk around 115.25 for packing grades. Cattle receipts 2,800 with killing classes active and 25 cents higher. best steers about 16.25 and feeders steady. Sheep receipts 32,500 with killing grades 25 to 40 cents higher. Idaho lambs around 19 with feeders steady.
MENTIONED IN THIS ARTICLE
Omaha
Idaho
Heilbronner Company Faces Liquidation Amid Market Shifts
The article notes world silver demand doubling production keeping prices above a dollar aided by the Pittman act. It cites domestic demand decline, Europe’s need for American products, limited stock pressure, and oil industry concerns over Mexico’s nonretroactive nationalization. A $50 million Colombian gold shipment to New York banks aims to stabilize exchange.
MENTIONED IN THIS ARTICLE
Heilbronner Company
Theorld
Pittman
Europe
Colombia
Santa Marie
New York
Lloyd George vows Britain will repay war debts in full
The article reports Lloyd George asserting Britain has no intention of repudiating war debts and will repay what it owes. It notes expectations about the Federal Reserve Bank loan figures and an possible rise from the prior week’s near 112 million, with member banks trying to limit loans and discounting minimally to cover demand.
MENTIONED IN THIS ARTICLE
Lloyd George
Great Britain
Federal Reserve Bank
Market silver and discount rates report from BAN SILVER and LONDON
Ban Silver New York reports domestic bar silver at 99 4 9 c with foreign at 90 c and Mexican dollars at 68 3 4 c. London lists bar silver at 50 44 per ounce, money at 4 1 2 per cent, discount rates for short bills at 6 per cent and three month bills at 6 11 16 per cent.
MENTIONED IN THIS ARTICLE
BAN
New York
London
Market Stagnation With Subdued yet Broad Gains
New York stock market showed relative money ease and overall firmness amid stagnation. About 275000 shares traded as gains appeared in several sectors including food, chemical, and motor stocks. Call money rose to 11 percent at midday, then eased, while Inspiration Copper led declines on dividend cuts.
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New York
Crucible Steel
Mexican Petroleum
St. Paul
Missouri Pacific
Western Pacific
Rock Island
Minneapolis & St. Louis
Shorts
United States
Dtrect
Wall Street
Moody’s Service
Babson’s Service
Stock Exchange
Boston
Heilbronner Company
E. Broadway
Money Condition Holds Up Buyers Money Condition Holds Up Buyers
June 25 report shows money as a fear driver early, with call money at 9 to 11 percent before easing to 10 percent. Industrial and mining shares fluctuated, Inspiration down to 48% from 52, Anaconda and Utah Copper mixed, rails and several majors well bid, commodities weakened as cotton futures slid, London notes Olympic sailing with gold consigned to J. P. Morgan & Co.
MENTIONED IN THIS ARTICLE
Heilbronner Company
Anaconda
Utah
Butte & Superior
Kennecott
China
Rock Island
Southern Pacific
Texas Co
Union Pacific
Southern Railway
Canadian Pacific
St. Paul
London
J. P. Morgan & Co
Metal Market Report From New York Dull Copper Prices Varied
In New York on June 25 the metal market showed dull copper for spot and near months June and July at 18 percent, with August and September at 19 percent. Iron remained firm and unchanged. Tin traded spot and June at 48.50 dollars, July at 48 dollars. Antimony quoted read nominal at 8 cents for spot and June. Zinc quiet in East St. Louis with spot between 7.20 and 7.55 cents.
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New York
East St. Louis
Sugar Prices in New York on June 25
Raw sugar nominal centrifugal at 18.56 cents per pound while refined fine granulated holds at 22.24 cents. Market steady with no notable changes in this report from New York Sugar.
MENTIONED IN THIS ARTICLE
New
New York
Uruguay Church Ban From Fashionable Attire Sparks Incident
Roman Catholic authorities in Uruguay barred a woman from a church wedding ceremony for wearing an inadequate dress style. The policy mirrors a Paris precedent and led to admission denial at the service, highlighting stricter dress codes at religious ceremonies.
MENTIONED IN THIS ARTICLE
Uruguay
Paris
Mining Developments Across Western Mines and Radium Prospect
Mines and milling at the Mike Horse mine in the Silver Camp district show progress with No 3 tunnel cut 800 feet and No 1 and No 2 tunnels exposing significant ore. Trail and Greenwood copper plants plan July restart and expanded refinery capacity. Gladstone Mountain reports a large ore chimney with galena. Empire mine development paused briefly but not idle. Pittsfield Mining hires a geologist to assess radium in calcite near Springdale Montana, with a radioactive carnotite vein and pitchhend float indicating potential radium deposits.
MENTIONED IN THIS ARTICLE
Mike Horse
Silver Camp
North Fork
Blackfoot
Archie McDonald
Consolidated Mining and Smelting Company
Trail
Canada Copper
Greenwood
Gladstone Mountain Mining Company
Northport
Wash
Springdale
Mont
Pittsfield Mining Company
T. Farrel
Pitchhend
Horoscope predicts mixed influences with risks and arts
A doubtful day in planetary influences cautions about deceit and exaggeration and notes Neptune’s malign impact on public judgment. Evening favors learned professions, lawyers, and entertainments. Saturn near Mars hints at a Wall Street autumn panic. Children born today may lean toward the arts. girls favored. Copyright 1920.
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Uranus
Saturn
Neptune
Jupiter
Mars
Wall Street
McClure
Direct credits to foreign industry favored by American manufacturers
London report quotes 5. N. Vauclain, president of Baldwin Locomotive Works, saying most American manufacturers oppose government loans to Europe but support direct credits to European manufacturers. He recently visited Poland, Romania, and Serbia to study industrial and trade conditions firsthand.
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London
5. N. Vauclain
Baldwin Locomotive Works
American Chamber of Commerce
Vauclain
Poland
Romania
Serbia
Forest reports show roads in medium, some good and blocked areas
Deer Lodge, Beaverhead, Helena, Madison and Deer Lodge forests report roads in medium condition after heavy showers with generally heavy travel. Most Deer Lodge roads are passable except near Beef Straight Creek below High Rye station. Radersburg area and Argenta to Grant roads are good. Red Rock River road rough but passable. Fishing reports note several lakes in Deer Lodge are good for fishing with spinners, salmon eggs and spawn, while streams are high and muddy and fishing poor in many areas.
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Deer Lodge National Forest
Forest Rangers
Beaverhead
Helena
Madison
Deer Lodge
Beef Straight Creek
High Rye
Radersburg
Argenta
Grant
Red Rock River
Deer Lodge Forest
Twin Lakes
Barker
Storm Lakes
Anaconda
Philipsburg
Georgetown
Moose
Carp Lakes
Flint
Rock and Willow
A. P. Burg
Big Hole Forest
Big Hole
Bitterroot
Wise River
Lacy Creek
Big Hole River
Warm Springs Creek
Madison Forest
Helena National Forest
Crow Creek
Elkhorn
Missouri River
Indictments Returned by Federal Grand Jury
Helena dispatch reports indictments from the Billings district with arraignments set for Tuesday at 10 o clock. Named defendants include Matt and Mary Sohm Glendive three counts for violations of prohibition and revenue laws. George Rodosovich Republic Mont three counts. Louis Marcel Plouvier and Kleber Plouvier Republic Mont three counts. Harry Patrick near Roundup three counts. Joe Pachoenik near Roundup three counts. Anton and Susan Meisner Glendive three counts.
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The
Standard
Helena
Federal Grand Jury
Billings
Matt and
Mary Sohm
Glendive
George Rodosovich
Republic
Mont
Louis, Marceau, Kleber
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Harry Patrick
Roundup
Joe Pachoenik
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Admits He Was Drunk Costs Him One Night Detroit
In Wayne County night court Philip McGuire a 42 year old self described globe trotter pleaded guilty to being drunk challenging the absence of a police witness. He insisted the judge proceed as if the officer were present and was held over for the night.
MENTIONED IN THIS ARTICLE
Detroit
Wayne County
Philip McGuire
Globe Trotter
McGuire
Recalled Patriarch Morris Dies at 126 in Grand Island
Thomas Morris, possibly the oldest man in the world, died in Grand Island Nebraska at 126. A family Bible shows a birth in North Wales on January 15 1794. He recalled the Waterloo battle and meeting the Duke of Wellington after the victory over Napoleon due to a deformed foot.
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Wellington
Grand Island
Neb
Thomas Morris
North Wales
Morris
Waterloo
Duke of Wellington
Napoleon
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