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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Jul 05, 1920
Page
5
The Senate in a night session confirmed about 500 postmasters and, upon convening today, about 600 more nominations remained to be acted on. Pending names included John Williams for a commissioner post as discussions on telegraph and telephone lines under government control influence policy.
In New York early trading on June 5, stocks rallied with gains across steel, oil, tobacco, and chemical shares. Liberty bonds faced pressure as foreign exchange stayed irregular. cotton futures closed barely steady while readings showed mixed activity in Reading and American steel names.
July and September futures quoted for Germ oats pork lard and ribs in Chicago. July oats at 4 34? Sept oats .78 1 5. July pork 33.75, Sept 34.9. July lard 20.80, Sept 21.67. July ribs 18.28, Sept 29.00. Prices reflect near term and later delivery months.
Cleveland market notes show live poultry and cattle prices with light fowls at 36 to 37 cents, round potatoes $11.26 to $12.25 per 150 lb sack, and various beef and lamb figures including veal and yearling ranges. Pittsburgh hogs and sheep receipts on June report indicate lower hogs with heavies around 14.25 to 14.56, pigs 11.50 to 12.00, top sheep and lambs at 9.75 and 16.50, calf prices down to 16.75. Toledo closes seed prices for clover seed and futures for May to December.
The House approved a budget system bill creating a seven member shipping board to sell government ships and promote private shipbuilding. Americans may pay in installments over 15 years, foreigners in 10 years. Adjournment set for 4 pm as both chambers face major bills and pending dates.
The article notes pending confirmations for a new Comptroller and a member of the Shinning Board likely to fail before adjournment. Senator Harris pushes for government disclosure of earnings of large corporations via income tax returns. Several measures including meat packing regulation, tariff bills, cold storage, sugar embargo, alien ban, and Muscle Shoals nitrate plant operation are expected to fail.
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