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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Aug 13, 1920
Page
12
Markets, mining and finance report a bullish wheat export trade in Chicago with strong closing. Prices climbed as receivers limited and Royal Commission buying influenced bids on futures including September and December contracts. Corn and oats followed with gains while protein feeds showed mixed movement.
Chicago and Omaha reports show cattle steady to weak with calves dull and steers steady to weak. Hogs receipts around 19 000 and 26 000 in separate markets, with prices near 14 75 to 15 80 for lighter and butcher grades, sows and pigs varying. Sheep and lambs softer, feeders easing while top cattle hold. Spokane hogs strong with prime mixed and heavies noted. Burma notes widespread objection to multi story buildings in towns.
New York August 12 Developments in the foreign military situation caused early weakness but the market advanced substantially as the day progressed despite sterling’s downbeat mood. Volume about 450000 shares saw United States Steel Bethlehem Crucible Vanadium Baldwin Pan American American International Canadian Pacific Southern Pacific slip while Famous Players Pierce Arrow American Sugar Atlantic Gulf and Replogle Steel rose. Late gains lifted oils, tobaccos, sugars, motors, steels, leathers and shippings with strong short covering signaling possible further rallies.
Timber for a 100 ton stamp mill at Champion mine six miles from Race Track has been cut and hauled, saving the company money. Construction awaits a board meeting next week. ore mining continues with weekly shipments, and shaft work advances toward deeper levels. Also notes Rambler Cariboo ore with high silver and lead values and Nevada Consolidated Copper quarterly yields.
Charles Collins of Oak Hill Maine woke to the crowing of a White Wyandotte rooster that had entered the house and started the blaze. The bird sparked a night alarm and aided by waking its owner, who found the house on fire and saved the rooster, promising it future rewards.
Roundup Aug 12 The grain crop ripening needs labor as shortages grow. Cool weather slows late grain, yields may reach 20 to 40 bushels per acre with wheat around six times local elevator capacity. Haying paused. workers can find pay from 3 to 8 dollars daily depending on job and meals.
Roundup oil roundup reports the Van Duren discovery well remains shut with casing capped and no definite information. Rumors swirl of 1000 feet of oil in casing and potential deals with outside capitalists while work may resume on the discovery or No 2 well. Nearby wells from Highland Oil Arstad Oil and Ohio Oil advance, with Decker-Collins showing oil on the Cat Creek structure.
Roundup August 12 The automobile tourist camp ground has been opened for traveling cars in Steen Park with water piping, shelter and sanitary facilities. Shade from large trees offers relief in heat. Next year the camp will be maintained at the county fair grounds to serve more tourists, promoted by the Custer Battlefield Highway association. Permanent steel road signs will mark the main and secondary routes across Musselshell County, complemented by wooden signs on secondary roads. The report also includes commodity market notes on bar silver, copper, antimony, lead, zinc, money markets, and sugar in New York markets.
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