Corn Wobbles After Opening With Mixed Market Moves
Opening corn prices showed declines then partial rallies with July to September futures slipping while oats sagged moderately. Hogs remained firmer as revisions firmed in the market.
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Newspaper
The Pocatello Tribune
Location
Pocatello, Idaho, United States of America
Date
Jun 29, 1920
Page
8
Opening corn prices showed declines then partial rallies with July to September futures slipping while oats sagged moderately. Hogs remained firmer as revisions firmed in the market.
Raw sugar prices remain unsettled in New York with centrifugal at 18.51 while refined grades hold steady. Fine granulated sugar ranges from 22.00 to 24.00 per unit in the market briefing.
New York on June 29 reports bar silver at 99 14, foreign $2 and Mexican peso 69 percent. London quotations show bar silver Sd per ounce Money Sq per cent, discounts and short bills at 61 1 2 percent. Three months bills quoted at 6 11 16 percent.
Chicago and Omaha livestock markets show varied demand. Cattle receipts around 14 000 in Chicago with steer prices down and veal steady. hogs up to 20 cents higher with top 16 50. sheep mixed with lambs steady to weak. Omaha hogs active 12 500 higher 15 90 top. cattle 14 000 down 25 cents. sheep 15 000 receipts with lambs 26 cents higher.
J Dils promotes rug cleaning and wallpaper cleaning services in Pocatello and Lake, claiming unique silk washing capability and top local references. He warns against imitators, lists contact at 4436 Main, and notes availability before 9 am or 11 pm.
Chicago grain bids show Wheat No 4 red at 2.70 and No hard 2.72. Corn bids mix No 2 at 1.78, No 2 yellow around L7. Timothy seed 10.00 to 12.00, clover seed 25.00 to 36.00. Lard 20.40 and pork ribs 17.25 to 18.25.
Mercantile paper 7 percent. Exchange irregular. Sterling 60 day bills 3.90 percent. Commercial bills on banks 3.90 percent. Demand 3.95 percent. Cables 3.96 percent. Montreal exchange 12 percent discount. Government and railroad bonds easy. Time loans strong 60, 90, six months. Call money strong with rates 8 to 9. Bank acceptances 6.
Dairy trade reports butter prices higher in Chicago on June 29 with a creamery at 44 and 561. KMges unchanged. Receipts total 29,272 cases.
City of Pocatello Idaho advances a detailed budget for the fiscal year May 1920 to May 1921 including administration engineering street police and fire departments and a list of expenditures. The document also records the prior year revenues by department totaling 232 176 12 with sources from general taxes special assessments and licenses.
Dayton announces Sergeant Botticelle of McCook Field jumped from an airplane piloted by Sergeant Madan reaching 19500 feet, a claimed new record. He exited on the fuselage, the parachute tore against tail wires, he bruised an arm and strained ligaments, then landed near Germantown ten miles west as the plane landed safely.
Ad copy promotes Real Tobacco Chew with satisfaction and longer lasting chew. Claims one chew lasts longer than the old kind and reduces frequency, noting price of 8 dollars. Describes two styles Right Cut and WB Cut as short-cut and long fine-cut tobaccos.
Pacific Steamship Company and San Francisco and Portland Steamship Company petitioned the Interstate Commerce Commission for freight rate increases. They seek gains aligned with western railroads, arguing Western roads demand 24 percent and Southern roads 31 percent.
The petition states the business operates at a loss due to unprecedented expenses. It asserts no path to higher net revenue exists except raising freight rates, as passenger fares are already set as high as competition allows.
Spokane June 28 The house immigration and naturalization committee will meet in San Francisco on July 9 to study Japanese conditions in California. Chairman Rep Johnson of California announced the plan today.
The Jenkins kidnapping case involving William O. Jenkins former American agent at Puebla will be reopened. Prosecution witnesses from the prior trial will be re examined to check their testimony obligations. Jenkins seeks to illuminate the case with new light. Forty Indians were to testify today in Puebla's first criminal court over alleged false statements against Jenkins.
New York reports John B. Elwell turfman and whist expert was shot on June 11 by a man who thought he had been double crossed in a $12,700 liquor transaction. District Attorney Swann heard that Elwell bought liquor the prior week, used a held check, and raised funds from selling a race horse and other means to cover the bill. Officials say the failure to clear the check spurred the fatal shooting by an involved party.
Buffalo June 29. An acute nursing shortage threatens hospital operations nationwide. Mrs Annie L Hansen superintendent of the Buffalo Inletric Nursing association notes campaigns to recruit young women failed and one Buffalo hospital closed a department. She cites high training standards but scarce pupils and calls for another Florence Nightingale.
A brief civic chat centers on the need for careful polish in public affairs. Citizens emphasize measured, skillful steps before loud praise or sweeping reforms.
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