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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Mar 15, 1921
Page
10
Heavy selling on March 14 sent wheatPrices down across the board as traders cite a weak industrial outlook. March and May futures slipped while corn oats and provisions fell. Export wheat demand remains strong but labor disputes and wage cuts in Minneapolis mills add to market weakness.
Minneapolis market report shows 307 cars of wheat receipts versus 424 a year ago. Cash bids for No 1 northern wheat range from 1.50 to 1.55, with March at 1.39 and May noted. No 3 yellow corn 53 to 54 cents, No 3 white oats 36 to 37 cents, rye 1.33 to 1.35, flax 1.72 to 1.75, flour steady to 10 cents lower, and carload family patents at about 8.70 to 9. Shipped 41,157 barrels. bran priced at 2 dollars.
The Associated Press reports irregular demand and varied quotes across currencies including the franc, Belgian franc, lire, marks, and Argentine and Brazilian units. Time loans range 60 to 180 days with a stated rate around 6 percent, while call money shows no ruling rate.
Copper unsettled and quoted around 12 12 1 2 cents with March and second quarter points. Iron nominal with No 1 northern at 28 dollars and No 2 northern at 27. Tin steady at 29 spot and near term, futures 29 50. Antimony spot 6 6 25 cents. Lead dull at 4 cents. Zinc quiet with St Louis delivery around 4 75 to 4 87 1 2 cents.
Des Moines March 14 The Iowa soldiers bonus bill granting one dollar a month for land and sea forces in the world war passed the state senate this afternoon in the same form as it passed the house.
Washington notes outline a negotiable basis accepted by officials for both Panama and Costa Rica to settle their boundary dispute. In New York, stock market declines persist with rail and industrial weakness, large volume trading, and renewed pressure on preferred issues.
The market opened unsettled and mostly lower amid the holiday period. Railroad leaders face examination before the labor board while copper and mining stocks showed minor fluctuations. Treasury and bank data hint at a gradual recovery with cautious optimism for railroad prosperity and oil shares showing slight weakness.
February porphyry group production remains unchanged with Utah Copper at 7.5 million pounds and China, Ray Consolidated, and Nevada Consolidated near three million pounds each. Silver prices fell to 52.5 cents domestically and 30.5 pence in London, with renewed imports to Shanghai and weak Indian exchange adding pressure. Developments in Elkhorn and Coeur d'Alenes include a 750-ton flotation mill at Idanha and new drift plans at Silver Eagle and Jack Waite prospects.
London cites bar silver at 33d per ounce and money at 5 percent. Discount rates show short bills at 7 percent and three month bills at 6 percent.
The Montana Oil Journal issues its first 28 page magazine from Great Falls, led by W P Elwell and Conrad Rumph, announcing extensive state wide oil development and prospecting coverage with initial circulation over 4000. It declares editorial opposition to a state production tax above 1 percent and forecasts the next two years focusing on prospecting for steady progress.
Livestock receipts total 22 000 cattle 48 000 hogs 30 000 sheep with slow early trading. Beef steer and butcher stock mostly 15 to 25 cents lower. bulk beef steer 8 50 to 10. bulk fat cows and heifers 6 to 7 75. canners and cutters 3 to 4 50. bulls 5 25 to 6 25. Hogs fairly active, mostly 10 to 11 ½ cents higher than Saturday. early bulk 200 pounds 11 10 to 11 40. bulk 220 pounds 10 15 to 10 85. pigs 11 extending to 11. Sheep opening slow, lambs 25 to 50 cents lower. ewes steady. fat wooled lambs 9 75 to 10 25. shorn lambs 9 to 9 60.
Spokane market prices list receipts and price ranges for hogs cattle and sheep. Hog receipts 18 with various classes priced from 8 to 11.75 per hundredweight. cattle receipts 71 with primes at 7.5 to 8.25 and cows 4.5 to 7. shoe lambs 211 steady with primes 7.5 to 8 and wethers 5.5 to 6.6, ewes 2 to 5.
Omaha market summary shows hog receipts at about 8 000 with prices 10 to 20 cents higher for bulk medium and light butchers ranging 10.19 to 10.50 top. Cattle receipts 700 with beef steers 25 cents lower top 9.50, stocker and feeder sections steady to weak. Sheep receipts 16 000 with killing classes steady to 25 cents lower. lambs 9.25 to 9.75, yearlings 7.90, ewes 5.50 to 5.75.
Cattle receipts 2700 with limited high grade beef steers at 9.00 to 9.50, common grades 7 to 8, loaders up to 8.50, canners and cutters 2.50 to 4, stockers and feeders steady, veal calves steady. Hog receipts 800 with prices about 25 cents higher, 10.00 to 10.50 generally, good grades 11.50 to 11.75. Sheep receipts 300 and market slow to weak, lambs 9.25 to 9.75, yearling wethers 8.60, Eiffel tower project funding noted with 700,000 and 300,000 from France.
In Blunt South Dakota a coroner jury found murder and attempted death by own action in the death of 3 year old Alice Collins from poison given by her mother Mrs Arthur Collins in fig syrup. Alice’s mother and two daughters Mabel 12 and Mildred 14 were reported recovering.
State department officers had no official word that the Fiume government would recognize Wilbur Keblinger as the American consul since the United States had not recognized Fiume. They expected Keblinger to file a report after reaching Trieste.
Lewistown March 14 The Frantz river well fights water ingress after a brief spin of good production. Meanwhile the Big Lehman well gains steam, with A B Lehman president estimating output not less than 500 barrels. Roundup Drillers Unit Eleven expected next week as Centana Oil opens with 1,000,000 capital and McCarthy Hall Manning crews move on Baldy structure east of Denton.
Lewistown Woman's Club has elected Mrs. Jay L. Steinbarger as president and Mrs. Walter Foley as first vice president. Others include Mrs. C. L. Covell as second vice president, Mrs. Ray Nolen as recording secretary, Mrs. L. E. Barsness as corresponding secretary, and Mrs. Luther L. Warden as auditor. The Grass Range Masonic Lodge may build a hall soon after purchasing a suitable site in the business district.
Great Falls Montana March 14 telegraphed from Great Falls to New York today an endorsement from American Legion men of Montana for the anti red movement and for the New York demonstration planned by patriotic organizations there Friday H A Van Duren Montana director of the American Legion said this today
Helena March 14 The supreme court heard arguments on Mineral county's contest of William Lecompte's sheriff election victory by R L Wilkinson and on Custer county liquor seizure appeal by John Samlin and Ed Barnes, outlining further proceedings.
Helena March 14 The railway commission issued an order reducing freight rates on green slabs and held a hearing on a true rate point for the Milwaukee Blackfoot branch.
Helena mourns the death of Benjamin Pizer 72 a Philipsburg Helena pioneer over the years he helped develop the area Survived by sons Dave Pizer and Mrs Joe Davis of Helena immediate family noted in local obituary segment
Henry Payson Dowst a fiction writer and playwright died in New York after a long illness He was born in Bangor Maine in 1876 His death ends a long career in letters with works read across the United States
Salt Lake City March 14 Jesse Knight a noted Western capitalist died at his Provo Utah home today He was 75 years old and widely known for his business and philanthropic work in the region
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