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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Oct 14, 1920
Page
12
Fresh strength in Chicago wheat markets as farmers press for higher prices and reports of damaged Punjab crops in India bolster bullish sentiment. Dec 2.091% to 2.10% and Mar 2.05% to 2.06, with corn, oats and lard also moving higher amid light country offerings and export sales.
Cattle receipts about 12 000 with slow bidding and lower early bids. Best steers sold 15.50 to 17.50 while granary grass types dragged. Cows dull 5.25 to 9.60. calves opened lower 16 to 16.50. western receipts 5 000 with plain quality. Hogs 13 000 receipts up to 25 cents higher. top 15.90. light and butcher hogs 15.25 to 15.80. sows 14.15 to 14.35. pigs strong. Sheep 22 000 receipts. fat stock opening slow but steady. lambs to packers 12. bulk 11.12 to 12.25. fat ewes up to 5.75. feeders active steady.
Spokane report shows hogs at 40 market steady with quotations unchanged. Cattle receipts none with market steady and unchanged. Sheep receipts 6 and market steady with prices unchanged.
Omaha stock market notes show hog receipts around 7000 with slow to higher trade and top $14.75 for heavy butchers, cattle receipts also about 7000 with beef steers up to 25 cents, bulls and veals steady, stockers active, and sheep at 19000 receipts with lambs steady to ease, western tops $12.40 and yearlings $8.65.
Bar silver prices across markets show little change. In New York on October 13 domestic assessment unchanged at 7 dollars 20 cents per ounce for bars and 66 2 3 cents for Mexican dollars, while London quotes bar silver at 56 4 per ounce in money and discount markets.
New York stocks showed mixed movement with railroads and independents rising while industrials and related sectors lagged. Lackawanna Steel gains on strong earnings. oils and equipment advance with higher refined product prices. Money market tightens with call loans rising to 10 per cent as government deposits are withdrawn and Anglo French loan payments near.
Short coverings lifted steel and equipment shares by two to three and a half points with gains across Republic Steel Lackawanna Vanadium Bethlehem United States Steel and others. Anaconda Copper bonds totaling 25 million due 1929 were quoted at 96 yielding 7.5 percent while copper futures showed mixed shifts in London and New York trends.
A Brazilian chemist states that fiber from a plant abundant in Para state can be used to produce several varieties of paper, potentially expanding raw materials for papermaking.
METAL MARKET NEW YORK Oct 18 Copper nominal electrolytic spot and fourth quarter 17 17%c Iron easy No 1 northern 49 50 No 2 northern 48 49 No 2 southern 42 43 Tin weak spot and nearby 40 futures 41 Antimony 6.62% Lead quiet spot 7.50 7.76e Zinc easier Fast St Louis delivery spot 7.25 7.37e
Raw sugar shows no sales while refined sugar remains unchanged at 1 lic for fine graduated. The item notes market activity in sugar commodities in New York with no price movement for refined sugar and no sales recorded.
South St Paul Oct 13 Cattle Receipts 56500 market weak to 250 lower canners cutters and bulls steady to weak veal calves 500 lower top 14 few beef steers above 9 bulk 689 cows and heifers few up to 8 canners and cutters 3.50 4.50 bulls 50 feeders slow stock steers unevenly lower Hogs Receipts 10500 market fairly active steady to 100 higher closing bull top 14 14 75 bulk 14 14.25 plus 50e lower good feeders 14 14.25 Sheep Receipts 5000 market steady top native lambs 10.75 best native ewes 5 feeding lambs steady top 11.50
Mines and Mining Evect reports Magma Copper crosscut No. 13 on the 1 800-foot level hits 26 feet in a vein assaying 7 percent. Senaca Copper shows assets of 3 600 787 with 2 008 200 in unmined ore reserves. American consul to Mexico notes monthly copper 4 681 020 pounds, gold 1 965 ounces, silver 170 824 ounces. Ores smelted in many Mexican towns. Taxes paid on 30 990 claims with 3 867 worked. United Verde Extension produced copper September 3 327 664 pounds versus August 5 805 568. Consolidation planned in Mullan district for Lucky Boy, Silver Star, Goldbar, with 170 feet more work to reach Lucky Boy vein. New ore bodies near Mullan include four feet wide Copper King ore with potential 4–20 percent lead and 10–12 oz silver per ton, no zinc. Bryan mine shows favorable development and large shoot. North Bunker Hill near Wardner reports 6 percent lead and 1 oz silver per ton over 15 feet on 500-foot level, three patented claims and two fractions between Caledonia and East Caledonia, near Bunker Hill & Sullivan property.
Dublin Oct 13 report that Major George Smyth brother of Commissioner Smyth of the Irish constabulary was killed during military raids in Drumcondra County Meath. He had long served in the British army and held the Distinguished Service Order and Military Cross. the family was notified of his death.
Federal search warrants were sworn out today leading to the seizure of a saloon liquor stock valued at 10 000 to 15 000 dollars. The haul included 12 barrel whiskey and case goods. United States Attorney Frank M Silva said further seizures and arrests may follow.
Lilian Russell told Republican women in Des Moines on October 13 that endorsing President Wilsons League of Nations would Be selling back to Europe the liberties fought for in 1776.
Federal agents say a nation wide whiskey ring is under investigation after Chicago saloonkeepers confessed. The disclosures implicate officials from several distilling companies and politicians in various regions, with plans to make Chicago the hub of the scheme.
Saturn favors humanity today with favorable solar aspect but travel and major decisions are discouraged. The period may bring mind unsettled by fears, autumn election swings, and new hopes for the old and young alike. Growth in farming, gardening, and new social ventures is foretold with shifts in media and entertainment.
Montreal reports a sensational drop in retail price for Canadian woolen yarn with the cheapest grade down from 3.25 to 1.85 per pound. Industry says finished goods by the yard may follow as raw wool values fall. Turpentine also drops wholesale by 1.75 a gallon and cocaine falls to 5 per ounce.
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