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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
May 14, 1920
Page
12
Western rail efforts to move grain to terminals offered some relief as corn prices opened near yesterday’s close then slipped. July futures at 1.77 to 1.77 while September ranged 1.63 to 1.64 with a mild setback later. Oats and provisions declined while butter and eggs held steady. receipts listed at 20,022.
May 13 cattle receipts at Chicago reach 11 008 with select steers around 6.50 to 6.75, fat cows uneven and higher, stockers steady. Hog receipts 35 000 with mostly steady to some lower prices, desirable hogs around 7.6 to 7.9, 880 pounds and over lower. Sheep receipts 6 000 with spring lambs near 20 and yearling wethers 18 to 25. Across Spokane Omaha and South St Paul similar tone with steers 12 to 14, hogs steady to higher, and lambs trading near mid-teens to low twenties.
Astrological reading notes Neptune's benefic aspect late afternoon and hints at new visions in international affairs. Messages from abroad may help commerce and a brief United States recognition for a serviceman. Navy men may gain from a stirring event. lunar eclipse and planetary conjunctions suggest summer heat, drought, and pestilence fears. Children born today may become artists or sculptors.
New York May 13 describes a mixed session with overextended short interests and uneven closes. Oils led a midday rally while steels and textiles dragged on with further liquidation and rising copper concerns.
Uncertain traders pushed the market lower with declines led by Steel and Republic amid chatter of a tax bill in Congress on stock gains. Money opened at 8 percent, rising near 10 percent. foreign exchange slipped. grain transport and railcar shortages worsened. government purchasing and bank movements added to market stress.
Weather cools planting risk while railroad demoralization traps grain in interior. Coarse grain supply remains near record lows as corn trades surge with May delivery up 14 1 2 cents and July and September rising about 7 cents. Oats trade up over 4 cents with planting near completion. rye and barley also gain as receipts stay limited and visible supply declines.
May 12 VERA CRUZ AP report says President Car Fangs leads a large force defending against rebel attacks near San Marcos as eight hours of fighting ends with detected operations. Also mentions silver prices and Gibraltar reservoir facts in brief items.
April reports show Butte and Superior mill processed 26,000 tons with 6,000 tons of concentrate, recovering 6,300,000 pounds of zinc and 113,000 ounces of silver. Nabob Consolidated reports lead concentrates from Pine Creek near Kellogg valued at $2,148 for a 27-ton car, over $77 per ton, ore containing 50.9% lead and 25.6 oz silver per ton. Nabob also shipped 160 tons for rail transport as mine tunnel work continues. East Butte Mining produced copper for about 16 cents per pound up to mid April, with ongoing hopper exports to New York and Liverpool. Ohio Oil drills Wyoming tract with three wells, while Bat Butte’s uranium vanadium prospects emerge from carnotite sandstone deposits. Monte Carlo casino employes exceed 2,000 as mining and mineral development advances and district potential broadens.
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