Markets, Mining and Financial News From the Pit
Market shows downward drift as crop reports dim near term demand. Oats and corn futures slip while steel demand remains soft. Frost forecasts and cautious industrial activity temper bulls, with London and New York money markets showing gradual tightening signals amid limited outside interest. Minneapolis grain receipts highlight softer wheat, while foreign exchange and bond markets reflect a cautious mood.
MENTIONED IN THIS ARTICLE
Senate
Reat
Britain
New York Stock Exchange Ends Week With Liquidation Push
The Associated Press reports the stock market faced a fourth straight weekly decline amid heavy fund withdrawals by local institutions to meet federal demands. Call money spiked to 7 percent while time money held steady. Demand for long loans and mercantile paper remained robust and foreign exchange rallied with London bills near their best since last April. Southern Railway directors moved to address preferred dividends as market activity totaled 10,575,000 dollars in par value sales.
MENTIONED IN THIS ARTICLE
Associated Press
New York
Tong
Mercantile
Foreign Exchange
London
Osraan Starke
Fe Southern Railway
Livestock market reports from Chicago and South St Paul
Chicago and South St Paul market summaries show cattle receipts about 2000, with prices mostly steady to weak. Heavy trade slow, with steers around 8.50, cows and bulls steady to higher on some lots, veal and heifers mixed, lambs reported steady in Spokane and California listings as buyers show cautious demand.
MENTIONED IN THIS ARTICLE
Cuicaco
United States
Bureau of Marketa
Associated ‘Chicago
Ob Hen Et Ltd
Fir
California Springs
Haas Naliver
South St. Paui
United States Bureau of Markets
Associated Prose
South ST. Paut
CKANT
Aspciated Press
Spokane
Sure Shot Well Strikes Oil Near Lewistown
Lewistown dispatch reports Sure Shot Oil Company’s Well in Red Lode section struck oil, with production estimated over 200 barrels daily. The well was drilled with a large rotary, and development plans for nearby Cat Creek fields will begin promptly. Copper and other metals futures shown with slight changes.
MENTIONED IN THIS ARTICLE
Associated Preas
Lewistown
G. Alyentry
Sure Shot OM
Red Lode
Inia
Cat
Cat ‘Creek
Hines and Mining News From the Monarch Copper Fields
Kennecott Copper reports in 1920 ore output at 199,856 tons at 2 per cent copper, 83.29 percent recovery, yielding 51,265,261 pounds of refined copper and 307,126 ounces of silver, with 46,487,855 pounds of copper and 507,726 ounces of silver sold. Average copper price 17.419 cents per pound, silver $1.01 per ounce. production cost 10.84 cents per pound. Snow blocks Idaho Montana summit. Coeur d’Alenes St Lawrence mine closed until melt. Tycoon claim in Lump Gulch reports three feet of rich silver ore, 12 miles south of Helena. Tycoon being worked by leasers. Lumps district hosts several promising mines. Liver pool to reopen soon. Free Coinage mine development financed by Easier money. Amalgamated Silver Mines, Helena, pushes big program.
MENTIONED IN THIS ARTICLE
Kennecott Coppers Corporation
Macker Teoceipts
Tycoon
Lump Gulch
Helena
Montana Mining Association
Amalgamated Silver Mines Company of
Market Review Shows Mixed Steadiest Tone Yet
Broker gossip reports a steadier market overall with oil shares posting notable gains while steel and motor issues lead losses. Copper remains the steadiest group, rails drift fractionally lower, and call money firms slightly amid heavy expected banking transactions. Exports and imports show mixed changes, British cotton spinners cut wages, and Bank of England rates stand.
MENTIONED IN THIS ARTICLE
Hellbronner Market Review
France
United States
Bank of England
Bellmate
Sailings Normal Declared by Steamship Lines
New York May 12 officials of Mallory Clyde and Southern Pacific deny reports of a 50 percent sailings cut and say departures have run near normal since May 1 as customs clearances list eight American ships for foreign and coast ports. Bert L Todd Marine Engineers Beneficial Association says coastwise trade should recover in about three weeks.
MENTIONED IN THIS ARTICLE
New York
Marine
Mallory, Clyde
Southern Pacific
United States
Bert L. Todd
Union No
Marine Engineers” Beneficial Association
Murderer Given Second Reprieve
The governor of Illinois granted a second reprieve to Tony Lopes until July in a murder on duty case. Lopes was convicted of murder in Chicago on April 1, 1580, and sentenced to hang. The pardon request followed a division of pardons and paroles recommendation.
MENTIONED IN THIS ARTICLE
Associated Prem
Springfield
Til
Small Poday
Tony Lopes
Lopes
Chicago
Fencing and garden plants advertised in business personals
Notice lists services for fencing cement lime and garden plants offered by Acton Hamilton and others, with references to a court proceeding in Anaconda involving a deceased person and estate matters. The document cites a May date and intents to settle costs and expenses in the local court.
Employment ads clutter Montana classified page.
A garbled mix of job listings and notices from Butte and nearby areas. The text mentions automotive courses at Montana Auto School, hiring for a range of trades including painters barbers and tailors, and an unrelated line about Korea and a treaty. Readable items include wants for craftsmen, housekeepers, and laborers with brief contact hints.
Furnished Rooms and Flats for Rent in Butte Area
Apartment and room listings offer furnished flats with housekeeping, modern or semi modern amenities, steam heat, gas ranges, and references. Several locations include 11 W road, 318 W Porphyry, 400 Rim Anaconda, and 317 Yale Butte. Various sizes from one to six rooms, prices around ten dollars, with contact details for Cristie and others.
MENTIONED IN THIS ARTICLE
W. Porphyry
Will Feng
Butte
Furnaned House
Furniss House
Yale
Galena
Ys St Jean
W. Park
Anaconda
Anagonda
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Panmerican
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Tenn
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W & Smelt
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Alex
Johnston ‘Nesset
the First National Bank of
Butta
Gevtal
Burien
Andrew
Davis
Purron View
Forsythe
Het Cashier
Metals Bank and Trust Co
Butte, Montana
Daly Bank and Trust Co
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Bitte
East Broadway
Montana
Canada
P. Hatton & Co
Clement Curtis & Cort
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Soon Hyun
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Ton Barnroo United
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Virginia Ci
Mont
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Montana Auto School
Sts
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Wet Park
Lwanted
Schoor
Hutte
Gelock
OLD Reliable P. x
Huie Pock
Utah Ave
Chineise Aruge
Trent
Ransk Building
W. Road
ManTeagrace
Grand Ave
Flacher
Flathead Lake
Terme Sonnean
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Ann
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Ham
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Man” Blanchard Ice CO
San Francisco
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Phoente
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sigNey
Rea
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Wlensta Fens Thome Algerican Dvelgsapa Cleaning Works
Harrison Ave
Lepain Co. Lind
Assatems
Lewis
Walker
Wyoming St
Buea
Ratoand
Grenica
Urelua
Cameruacros
Peter O. Holm
MET- Ibis Bank
Andy