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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Apr 15, 1920
Page
14
Market report shows corn strength with higher May and July futures and cash basis amid export demand. Wheat holds steady with government crop data seen as mixed. notes about spring wheat and damp weather influencing planting and growth. Minneapolis grain desk reports receipts and price levels for wheat, oats, and mixed feeds amid ongoing market activity.
April 14 market news shows hogs, calves, and beef prices steady to higher with top hog at 14.75 and bulk around 14 to 15, receipts near 9 000. Sheep and lambs mostly steady to higher, with light offerings and varied prices. a scattered reference to Paul Minnesota and New York financials are noted amid the livestock data.
New York April 14 Bull pools continued to press gains in the stock market led by railroad optimism. Dividends from American Tobacco Woolworth and Union Bag and Paper aid the advance amid steady foreign exchange and weak Liberty and Victory issues. Investors eye inflation driven demand while authorities weigh hoarding and anti dumping measures as steel and copper outlook shapes further gains.
Rate rise reported in New York leads with raw sugar prices and refined levels. Manitoba official E H Rogers notes 2600 to 3000 new dwellings needed in the city for wartime housing, including apartment blocks. Estimation cites $10 million for construction to accommodate 13,000 planned homes.
Hellbronner Company notes continued large stock dividends from tobacco to Woolworth and others. Pan-America Oil and United States Rubber quoted as strong, while Sugars and Cuban Cane lead gains. Anaconda and Inspiration show modest moves. overall market cautious as rates rise and bonds hold.
In Walkerville a resurgence is noted as mining camps revive after silver price swings. Old prospectors cheer signs of prosperity, city lights reappear, and real estate activity climbs as the district recalls its mining heyday and predicts a lasting rebound.
Idaho state mine inspector Robert N. Bell reports 1919 mining production dropped to 19.17 million dollars from 37.32 million in 1918, with six of sixteen tax counties in Northern Idaho producing most. Shoshone County leads with 16.74 million, Boundary County second with 625,247, while the Nethart Consolidated strike on the Hartley property advances shaft work and ore sorting.
Construction on a 500 ton mill and concentrator at the Boston and Montana Development Company mine at Wise River is underway and to be completed before summer. The mine has two tunnels reaching depths of 350 500 feet and 1100 1200 feet. A large ore reserve, including high grade silver lead, is being developed. Upon completion ore will be transported to the mill and then to the Montana and Southern railroad bin. About 150 workers currently on site with more to be needed to reach full capacity.
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