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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Oct 02, 1920
Page
12
Markets report heavy selling by western-connected houses pushing Chicago wheat lower. December slips to about 2.11, March 2.07, with gains limited by talk of Canadian competition and ample world supply. Corn, oats, and provisions show mixed moves as export demand, shorts covering, and crop damage reports influence prices.
Cattle receipts 000 dull with steers at 13.50 to 16.50, good heifers 9 to 12.25, cows 6 to 8.25, stockers slow. Hogs receipts 11,000, market steady to higher, top 16.10, light and butcher 15.40 to 16, sows 14.25 to 14.50. Sheep receipts 5,000, lambs 12.75 to 12., best natives 12, feeders dull, lambs 12 to 12.50, ewes 5 to 5.25.
Hogs receipts 241 with a weak market and mixed primes at 16 to 16.50 dollars. Cattle receipts 29 with steady values. prime steers 9.50 to 10. cows and heifers 6.50 to 7.50. calves 10 to 13. stockers and feeders 5.50 to 8.50. Sheep receipts 68 with a steady market. prime lambs 19 to 10.50. best ewes 2 to 5.
Omaha market news shows hog receipts of 2,400 with prices up to 2i higher for medium and light butchers spotting top at 15.50 and bulk 14.60 to 14.90. Cattle receipts around 1,000 with slow demand. general rate for common and stockers steady to dull. Sheep receipts 2,000 with slower trade. top fat lambs around 12.50 and light feeder lambs near 12.0.
New York trading shows mixed action as rails lead gains on anticipated bumper crops while sugar issues fall sharply. Widespread strength in junior western and southern shares, with notable rises for Wisconsin Central and Norfolk & Western. Call money at 8 percent, bonds firm, total par value sales around 16.75 million.
Sugar stocks faced early selling with American Sugar sliding from 105 to 99 and back to 101 while Cuban Cane and Manitol Sugar showed declines and strength alternately. Steel rallied, copper led by leaders, rails and traction stocks rose, and money market rates firm around 7 to 8 percent as reports of a post strike optimism surfaced.
H W Margeson of Seattle reports rapid progress at Nabob Consolidated Mining property. ore bins and tramway stops filled, mill readiness near, a hoist and collar being installed, waste removal nearly complete, and shooting to straighten tunnel. mill expected operating by week end. Ray Verde Copper debuts on New York curb, property in Ray mining district Arizona reports large silver gold copper ore. A high grade vein at Hampton mine in Central City Colorado assays 9 oz gold 20 oz silver 38% lead 4% copper worth over $200 per ton. Two carloads of mining machinery reach Battle Mountain Nevada for Star of the West Mining near Austin. freight to Ledlie then to mines.
Copper and iron hold steady as tin remains $43 spot and $43.50 futures with antimony unchanged. Lead remains weak and zinc eases with no notable changes from the prior session in New York on October 1.
BAR. SILVER. NEW YORK, Oct. 1. Bar silver domestic unchanged, foreign 9 11 4 cents. Mexican dollars 69 5 cents. LONDON, Oct. 1. Bar silver 59 per ounce, money unchanged. Discount rates: Short bills 6 per cent, three month bills 6 per cent.
Minneapolis grain market update from October 1 shows wheat receipts 554 cars versus 369 a year ago. Cash prices per bushel include No 1 northern wheat at 2.21, December 2.16, March 2.10. corn No 3 yellow 1.01. oats No 3 white 0.24 to 0.25. barley 0.65. rye 1.69 to 1.70. flax 3.04 to 3.06. Flour prices 35 to 50 cents lower. family patents in carload lots 11.90 to 12.15 per barrel in 98-pound sacks. shipments 62,312 barrels. bran 34 to 35.
In Atlanta on October 1 a mass meeting of cotton men bankers and merchants adopted resolutions condemning Secretary Houston s loan policy to hold cotton and urging farmers to hold their product for a fair price A nine member committee was formed to press the issue with farm organizations and seek a Washington meeting to oppose curtailment of farm credits.
San Francisco officials report that fees for ouija board messages and tunetelling fall under war tax as entertainment admissions. Internal Revenue collector Justus Wardell instructed police to help locate mediums and spiritualist societies charging admission to their circles.
Fargo report says North Dakota will enforce a state law that grants an extra half hour of hunting freedom beyond the federal rule. George M. Hogue of Steele, secretary of the state game and fish commission, asks sportsmen to cooperate in using the added time. The state law bars hunting from sunset to sunrise, while the federal rule allows bird hunting from a half hour before sunrise to sunset.
The U S Bureau of Mines reports odor based mine warnings, using ethyl mercaptan injected into main air lines to alert miners. Tests at North Butte Copper, Central Gold Grass Valley, Bennett Giron, and Caspian Iron mines show rapid, distinctive odor alerts without danger, prompting Pickands Mather to install injectors in all underground ore mines.
Sugar market report from New York notes unsettled conditions in raw sugar centrifugal and refined categories with fine granulated sugar at 15 de. Limited readable details show market fluctuation and pricing ambiguity as of October 1.
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