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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jun 30, 1920
Page
12
Chicago trading reports show corn futures ending unsettled with July around 1.75 1.76 and September near 1.71 1.72 as initial losses give way to a partial rally. Oats slip then stabilize while provisions hold steady with hogs firm. cash quotations list mixed grain prices and seed values, with receipts totaling 29,272.
Chicago cattle receipts 94 000. Beefs slow, veal calves steady, heavies lower. Hogs receipts 31 000, demand uneven but better grades up, top 16 50. Sheep receipts 12 000, lambs steady to weak. Omaha hogs 12 500, top 15 35, cattle 14 000, killing class down 25c, sheep 15 000, lambs 25c lower. Currency and bond data show irregular movement and strong money market.
Copper Jetrolytic steady spot and forward prices for June July August and September listed. Iron remains unchanged. Antimony at 8 cents, tin softer at 49 dollars spot and 48 dollars June. Lead offered at 8.10 cents spot. Zinc quiet with East St. Louis delivery at 7.20 cents bid.
Dull trading left prices level with modest declines and inactivity. Analysts see no drastic fall but suggest a reversal of the prior year’s upward trend as quiet accumulation emerges on recent market dips. Preference centers on steels, equipment and oils, with sources inactive since last fall.
The item notes rising indications from private and public channels of better food crop prospects. Machinery accelerates ground work despite labor shortages, with harvest hands expected to rise as needed. The stock market remains steady, business dull, and credit improves slowly though non-productive loan pressure grows. Active stock offerings are scarce, with most houses seeing liquidation finished for now.
The text suggests that meaningful cases won’t arise until after July, when disbursements are expected to return to centers. It notes current constraints on car funds and implies adjustments will occur post July.
Signs directing attention to the Billings Cody highway through Yellowstone Park are being erected. One signs stationed at Laurel with others under construction at Billings and Cody. The 50 by 10 feet panels feature Buffalo Bill at one end, a map, and list the towns Billings Laurel Fromberg Bridg e Frannie Garland Powell and Cody along the route.
New York stock exchange on June 29 records the smallest volume since December 1918 as leaders move little. Turnover around 235000 shares, with Consolidated Gas up 1 percent on a favorable ruling and Barrett slipping about 1 percent while most names drift. Heavy bank fund withdrawals ahead of federal payments tilt money markets toward firmer tendencies. rail and motor issues under pressure and only Vanadium Steel and Famous Players showing some strength. Call money opens at 9 percent. London rates steady. early trading remains weak through the lunch hour. Bar silver and sugar markets noted with modest shifts in price.
Market to dull little trading characterized today's session with inertia across stocks. Call money opened at 9 percent, drifted lower, while copper, rails, and select issues showed limited movement. Investors eye Mexican Petroleum and Pan American. concerns over Delware & Hudson share decline despite 100 percent operations.
Libby report tells how Bob Bakker’s cat stood at the Kootenai river edge and snagged an 18 inch sucker fish. The cat was pulled underwater but surfaced with the prize, pulled to shore by the bank, and then killed the fish.
Settlement of the Neihart strike and resumption of operations by Cascade district miners was considered likely by H. L. Maury vice president of Cascade Silver Mines. Neihart Consolidated Neihart Silver Mines Cascade Silver and Flohart Silver were involved. Neihart Silver had resumed after a prior adjustment. The notice listed wage scales and stated the I W W O B U and Nelhart Metal Mine Workers union would not be recognized.
owners of the Ruby group of Basin district claims intend major mining expansion. Leasers now extract ore averaging 232 ounces of silver and two ounces of gold per ton. A crosscut tunnel from the Lowlands Creek mill will tap veins at the 800 level, draining the hill to access virgin ground. The old workings hold hundreds of thousands in ore, with a 2000 to 3000 foot drive planned and mill enlargement. Principal owner is P. F. Downing of Basin.
The Carple mine at Cabinet Idaho is reopened with ore hauled to surface and shipments to begin. Shaft depth exceeds 200 feet and a 560 foot tunnel aims to reach 100 foot level veins. Giant Ledge Mining at Coeur dAlenes intensifies ore body work. ore tests run 36 and 39 dollars per ton in gold copper and lead. Sixteen workers employed. Commonwealth mine at Hayden Creek near Hayden Lake drills a 300 foot shaft to a 360 foot level with a vein 24 and a half feet wide at 200 foot level and rich ore shows.
The horoscope says Mars brings constructive mood and family harmony, aiding soldiers and labor, with care in food choices and potential civic improvements in Washington. It forecasts warm spell affecting the young and aged, possible congress changes, and a lucky year for those born under Cancer. Children born today show perseverance and talent in human relations.
Montana hopes to raise its $100000 quota for Near East relief this year aided by strong crop prospects. The movement plans to fund relief stations, homes for rescued girls, industrial schools, hospitals, and food agencies, with expenses covered by philanthropist donations. This will be the final public appeal.
Polls of Sweetgrass county show petitions for nomination across offices. Declared candidates include E. M. Niles for district judge, A. P. Stark incumb ent judge, H. H. Austin for representative, J. G. Struckman and A. L. Bray for county treasurer, CC. and A. Bishop for sheriff, A. Rath Sheridan and John E. Rees for clerk, Harvey Pound for clerk of court, D. J. Walvoord for county commissioner, Fidelia L. Geiger and Inga Solberg for school superintendent, B. E. Busse for surveyor, R. Duncan for public administrator, and J. A. Lowry for coroner. Independence Day plans include Gibson celebration July 3 and a Divide picnic with W. J. Hannah as speaker.
A Sunday scene saw numerous houses left empty as residents headed to nearby streams for recreation and to dine outdoors. The exodus emphasized a citywide penchant for fishing and al fresco meals on pleasant weekends.
Billings officials report growing automobile tourist traffic through Eastern Montana. Garage men and hotel keepers observe crowded roads with vehicles of all sizes. Seventeen parties visited the tourist park on Sunday and children enjoyed new playground equipment.
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