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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Aug 25, 1920
Page
10
New York stock market with rails on a slow start but strength in final hour. Transportation stocks led gains with oils and steels showing movement later. Royal Dutch slipped three points as buying spread across oils, shippings, and equipment. Money market unchanged.
Wheat edged higher at the close with Dec at 2.32% to 2.35, March around 2.27, while Dec 2.28 to 2.28% earlier. Corn firmed, Sept at 1.46, Dec 1.39 to 1.46, oats steady to up, provisions weaker from prior finish. Cash quotes list No 2 red wheat 2.46–2.47, corn No 2 mixed 1.59–1.61, oats No 2 white 0.69–0.70, rye 1.99, barley 1.10–1.15.
Chicago receipts show cattle unevenly higher with desirable steers and yearlings strongest. hogs mostly lower. sheep up modestly. Spokane market steadier with prime movers higher for cattle and a firm lamb trade. hogs steady with varied classes.
New York updates show mercantile paper unchanged and exchange weak. Sterling at 3.54 dollars with cables 3.5444, francs demand 6.78 cables 6.80, Belgian francs 7.30 and 7.32, guilders 31.85 and 32, lire 4.53 and 4.55, marks 1.92 and 1.93. New York exchange on Montreal at 11 1/2 percent discount. Time loans firm: 0 days 8 percent, 90 days 8 1/4 percent, six months 8 1/2 percent. Call money steady.
New York reports copper and iron holding steady while tin eases to 45.75 with zinc and lead unchanged. Market tone subdued as metals maintain narrow ranges amid trading.
Raw sugar easy centrifugal at 12.04 cents per pound. Refined easy fine granulated quoted at 17.17 to 17.10 cents. Market note indicates steady tone in New York trading on August 24.
The Heilbronner text notes market psychology driving prices, with sentiment crystallization capable of quick shifts. It mentions Adams of American Linseed returning from Europe, no comment on Lever Bros purchase. It also reports American Telephone declaring a 1% quarterly dividend payable Sept 1 to holders of record Aug 31. Texas No. 4 Willis King in Western Budes district yields 250 barrels daily from deep sands. Demand improves in New York with Wall Street and commissions buying for a reaction. local crowds and foreign trade fill contracts.
The Butte & Superior mill posted an 87 percent July ore recovery, not from efficiency gains but a month‑long cleanup. Zinc recovery reached 97 percent, four points above June and eight above recent averages, aided by richer ore and oil use that did not hurt earnings. Merger talk swirls around three Troy district mines Silver Tip, Troy, and J P Lead Mining, with 26 claims seven miles from Troy. Nabob Consolidated raises a shaft in Coeur d’Alenes to access Sydney and Denver tunnels, reaching 112 feet. once finished, three‑shift milling is planned. Day Brothers of Coeur d’Alenes report a seven‑foot silver ore strike at Bryan near Saltese. Eugene Day and Charles Burns are the lead owners.
Ore shipments occur at regular intervals from Neihart district mines except Neihart Silver Mines where all workers are on development. Cars are loading from Silver Dyke and Neihart Consolidated. Molten and leasers also moving high grade ore. Red Monarch in Coeur d'Alenes to resume, aiming drift or sink on a vein found two years ago. United Verde Extension smelter furnace blown in, expanding smelter force with roasting plant operating. Ore on 1500-foot level about two thirds the size of 1400-foot vein, copper content near 6 percent.
The stars favor evening guidance with gains for engineers and builders. Theaters and politics show promise, with women especially poised for success in ambitious ventures. Cautions include potential throat issues and a warning against careless words, plus risk of fire and accidents for children born today.
Lewistown August 24 Montana Consolidated controlled by RE G Lewis interests reports good water flow from Dakota sand in Yellow Water field. Indicates normal formation and abundant sand. Oil target Lakota about 200 feet deeper. geologist Gordon Campbell back from San Francisco. Kansas Montana at Winifred to resume drilling. manager W T Brown optimistic for quick production with several hundred feet more drilled if needed.
The third annual Smith Hughes vocational conference for agriculture instructors in Montana began at Montana State College. Leaders including Prof F L Cummings and M J Abbey spoke on community service, teacher collaboration, and Montana’s agricultural opportunities. Notables from Kansas Wyoming Montana attended, with sessions led by college presidents and education officials.
At the close of the North Montana Methodist conference, appointments list ministers to large churches: EB. L. White to First Church Great Falls, T. Fike to Second Church Great Falls, Roy Wilson to Fort Benton, James Bounce to Roundup, A. Coberg to Stockett, R. H. Stone to Havre and Lewistown, C. G. Cole to Kalispell. R. G. Edington of Lewistown named associate secretary of the Helena area. Mrs. Belle Harmon to Lehigh as pastor. J. A. Martin and J. H. Durand reassigned as superintendents of Great Falls and Glacier Park districts.
Lewistown reports Arrow Creek Development and associates anticipate striking oil in the Lakota sand by week’s end. A recent well showing suggests the Dakota water sand is absent and Lakota sands appear promising, based on local observers who visited the site yesterday.
New York August 24 bar silver for domestic use unchanged while foreign bar silver is at 98 cents and Mexican dollars at 73 1 2 cents. London August 24 bar silver unchanged with money 5 1 2 percent and the discount rate steady.
A brisk tip urges readers to consult classified ads to quickly locate a suitable used automobile. It emphasizes avoiding blind searches and highlights reading listings for precise makes, models, and prices to save time.
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