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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
May 25, 1920
Page
12
Markets report higher corn prices on May 24 due to tight offers and scarce May delivery. Wheat and rye export talk adds bullish tone while wet soils delay planting. Oats rise with corn. hog weakness weighs on provisions though lard buyers spark a rally. Wheat and corn quotes, oats gains, pork and butter noted.
Cattle receipts mixed with heavy beef steers slow and bid lower in Chicago while hogs show steady to firm demand. Spokane and Omaha indicate varied prices for hogs cattle and sheep with top quotes around 14.50 to 18.50 for hogs and mixed ranges for cattle and lambs. Gold and metal prices also noted with copper near 4. percentage figures and regional price differences.
On May 24 the New York Stock Exchange faced a murky, unsettled session with 700000 shares traded. Steel and rail issues declined, Liberty bonds steadied then firmed briefly, oil and coal stocks rose before renewed steel selling, while experts warned of heavy short interest and possible rallies only on selective gains.
May 24 saw most stocks unevenly bid with professional sellers pushing some issues lower while shortages of demand and a favorable bank statement kept the market from a deeper decline. United States Steel and other majors showed limited gains as oil shares and defense components rose. coppers held steady while rail and auto stocks softened. Short interest declined as shorts covered late, signaling caution in an uncertain trading day.
The Boston News Bureau notes Ray Consolidated Copper earned 637 300 in profits for the three months ended March 31 1920. Output included 480 000 dry tons mailed at 1 707 pounds per ton with daily 4 725 tons. Costs per pound of net copper produced were 16 745 cents, excluding gold silver and miscellaneous income.
The astrology column notes a time of foreboding with Uranus and Mars active and Neptune alone. Saturn grants power amid warnings of violence and broad changes as old leaders falter and new cults and thinkers gain followers while public duties accelerate. The piece predicts epidemics of opposition and rising orators.
Billings Montana May 24 police will patrol the 15 mile Billings Laurel route to enforce a 30 mile per hour limit on public highways. Officials say reckless driving caused two accidents last week on the road known as the speed western Montana. Hard surfacing completed a year ago has made the stretch a nerve testing drive with fast cars common on Sunday afternoons.
Montana report from Great Falls notes Pondera county cannot sell bonds for a trunk highway, planning to defer the program to next year. Officials cite failures in the bond market while detailing relief outlays for drought, seed grain exhaustion, and ongoing irrigation and gas development efforts across the region. Local engineers advance permanent surveys for the Toole county irrigation district as funds flow from Spokane investors.
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