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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
May 23, 1922
Page
10
Markets slip as grain prices fall while wheat and oats retreat. Butter rises in New York trading. Minneapolis grain and foreign demand shift. Money markets show steady copper and silver values with varied mercantile paper rates.
Active trading at the New York Stock Exchange saw gains as cheap money dominated prices before profits-taking pushed rates for call loans from 3% to 5%. Domestic oils and Standard Oil group led strength with Transcontinental Oil, while Midvale lagged among independents and ErleAdvanced nearly two points. Foreign exchange drift stayed downward with francs and marks weakening as British rates held firm.
The opening of Monday's market was the broadest of the year with over 500000 shares traded in the first hour. Major rails and coal stocks show strength, United States Steel hits a new high, and copper and oil groups rise amid bullish speculation. The report notes plans for electrification and expected higher earnings, with Orpheum stock drawing speculative interest.
May 22 foreign bar silver reached a new high for the year quoted at a level not specified in the fragment, reflecting market gains.
Livestock notes from Chicago Kansas City and Omaha report varied demand. Cattle receipts around 600 to 14,000 across markets with prices mostly steady to higher for some and lower for calves and cows. spring lambs and sheep show gains while hogs remain uneven. Strong activity seen in Texas and California offerings with several lots noted at higher top values.
Maurice Byrnes, a 16 year old bank messenger, threw securities and cash totaling $100,000 into the East River after his arrest. New York detectives report he allegedly confessed following questioning.
Dr J J Kane son of Mrs P H Kane of 519 West Oena street is named to the start of the Warm Springs sanitarium. A Creighton graduate who recently finished internship at St Josephs in Omaha, he will assume duties in June. He is a native Butte man educated in parochial school and Central high. His brother Dr P H Kane is a well known Busts physician.
A testimonial from a Seattle resident describes severe illness after flu with loss of appetite, nausea, gas and rheumatic back pains. After taking Tanlac, health improved dramatically, allowing full restoration of energy for housework and daily tasks. Sold by local druggists.
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