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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Sep 14, 1920
Page
14
Markets report wheat rising on thin spring crop receipts on both sides of the Canadian border. December and March futures show gains with unsettled close. Corn, oats, and hog values also move higher amid mixed trading and hedging activity. Cash quotes list No 1 red wheat at 2.59 to 2.60.
The New York stock exchange faced professional pressure in a quiet day with about 225000 shares traded. Steels, equipment and oils led a late rally, with gains for Crucible Steel American Car Mexican Petroleum and several rails, but the close remained heavy as selling renewed in steels and specialties.
Battle receipts show 26 000 steers and yearlings steady to strong with early top at 18 dollars and 50 cents. Hogs receipts 29 000 higher by 15 to 25 cents with top at 17 dollars. Sheep and lambs receipts 25 000 with lambs 2 cents higher and natives around 12 50 to 18 dollars.
Spokane market notes receipts for hogs, cattle, and sheep with prices for prime hogs 17.17 to 17.50, sows and pigs 14.75 to 16.50, steers 10 to 10.50, cows 7 to 8.50, bulls 5.50 to 6.50, sheep lambs 10 to 10.50, yearlings 5.50 to 6.50, ewes 2 to 5. Prices held steady with demand steady and no sheep receipts.
Omaha reports hog receipts around 000 with bulk medium and light hogs 15 to 16.50 per hundredweight and a 180-pound load at 16.75. Cattle receipts near 24,000 with stockers and feeders 25 to 50 cents higher. Sheep receipts about 33,000 with killing steady and best early lambs around 14. Feeder prices mostly 25 cents higher, feeding ewes about 6.25, feeding lambs around 13.60.
Eight of the nation's largest producers boosted August copper output with Miami Copper at 4 630 720 pounds and Utah at 8 820 000. Other totals include Arizona 3 000 000 Nevada Consolidated 4 650 000 East Butte 1 566 800 Inspiration 7 200 000 China 4 000 148 Ray Consolidated 4 505 000. In the Silver Camp district the Mike Horse vein yielded over 20 feet of milling ore and a 1 100 foot tunnel was run. The Eagle and Blue Bell mine workers considered a strike but failed as the day shift continued work amid high costs and lower prices.
Reports from Lookout Mountain mine in Pine Creek district Coeur d Alenes confirm the strike is of considerable importance. Two feet of good copper silver ore was found and it is said some ore might pay to ship without milling.
At a stockholders meeting in Kel logg the Bristol Mining company approved a consolidation with the Jim Blaine syndicate. The merged properties form a belt in the Coeur d'Alene district near Pine creek with development work planned. About 1500 feet of tunneling will be driven from the lowest point to develop two veins, yielding over 800 feet of vertical depth on the lead near the Pine creek railroad alignment.
Copper dull with spot September and October at 18 19 cents. Iron remains steady with No 1 northern at 51 53 dollars and No 2 northern at 48 50, No 2 southern at 42 43. Tin steady at 45 25 spot and 45 50 futures. Antimony 7 25 cents. Lead steady at 8 50 to 9 cents. Zinc steady at 7 75 to 7 87 for East St. Louis delivery.
The horoscope notes Neptune favorable for business ventures and travel related to business missions while warning about real estate, mining labor troubles, and political and royal concerns. It predicts a crisis in Spain, a royal marriage, and warnings for women in public service, with emphasis on prudent action and avoided litigation.
Declining pound sterling rates temper bullishness while gold imports rise, with about $80 million expected in 60 days. Davis-Daly copper shows biggest ore face in history. Irantz shares rise in Denver trading. Walker Bros oil output rumors lift Cat Creek optimism. Allen Oil buys nearby acreage. United Eastern July income tops year, Ahmeek Copper pays 50 cent dividend.
New York reports prime mercantile paper at 8 percent and weak sterling demand at 3.46 to 3.47. Francs and Belgian francs near 6.50 and 6.94 respectively. Lire around 4.24, marks 1.75, and New York exchange on Montreal at 10 percent discount. Time loans firm at 8 percent with several maturities. Call money steady with the main rate at 7 percent. Sterling slides to 3.45 on demand and 3.46 on cables.
Bar silver in New York stands at 99 3/4 percent domestic and 94 1/2 percent foreign. Mexican dollars trade at 71 1/2 cents. In London on September 13 the bar silver is 59 1/2 pence per ounce with money rates at 6 1/2 percent. Discount rates for short and three month bills are 6 3/16 to 6 1/4 percent.
Raw sugar quiet at 10.76 cents a pound, centrifugal. Refined prices easy with one refiner cutting to a level of lic for fine granulated. Demand remains light with activity mostly in secondary grades, offered from 4 to 14.50 cents per pound.
In Belfast Ireland the home of Walsh of Dun garvan Waterford is raided by military and police as his son evades capture. The old man sent the key to his door to the authorities to avoid waking to let them in on future raids.
The report notes only seven British manufacturing firms operate branches in Canada, compared with 533 American firms, highlighting a stark difference in cross border industrial presence.
Judith Basin county has been formed and will become a legal county in 90 days, raising Montana’s total to 54. The new county is carved from Cascade and Fergus counties. Fergus commissioners sent the certificate with election returns and data to Secretary of State C. T. Stewart.
Cook County officials expect a record execution spree on October 14 and 15 with twelve men sentenced to be hanged for murder, eight slated for Oct. 14 and four on Oct. 15, plus two convicted slayers awaiting sentence. Chicago has not seen such a two day death list since 1887.
Paris authorities say absinthe has reappeared under various imaginative names after its wartime prohibition. A poster shows the tall absinthe glass with a sugar spoon and the word finally, signaling to addicts the old sensation may return. Senators pressed the government and were promised vigorous prosecutions.
The Rocky mountains of Central America form a barrier to the trade winds that blow over the Gulf of Mexico, shaping regional airflow and weather patterns.
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