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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Dec 23, 1920
Page
12
Chicago reports unsettled finances weigh on wheat with March at 1.60 3 4 and May near 1.57 1 2 amid light buying. Corn and oats ease while provisions hold firm. cotton softens in overall cautious trading as delivery and holiday plant shutdowns loom.
Cattle receipts reach 2500 with active kill market and strong cattle prices. Feeder and stocker runs steady to higher, with calves and fat lambs showing gains. pork futures and sugar markets noted nearby. Buyers reported steady demand and mixed results across beef, hogs, and sheep segments.
New York stocks staged an incomplete rebound in the first half, then faced renewed pressure as involuntary liquidation loomed. Stocks like Pacific, coal, and United States Steel fell, while overall loan conditions remained unsettled though the market noted sound long term credit. Total sales reached $27,500,009 with steady money and foreign exchange but no clear gains.
The report highlights activity in industrials and several major issues such as United States Rubber, Chandler Motors, American Tobacco, American Sumatra, Virginia Chemical, and Anaconda. It notes brief rallies, short-covering near close, heavy volume around the 2 pm NY time mark, and a cautious mood with bears ready to resume pressure.
Senator Ed ward Booth from Fallon county says the Montana legislature next January will tackle oil development and state land leasing. He urges a fair renewal system tied to development work to attract ranchers and oil companies, noting potential oil wealth and royalties for state revenue.
Completion of the Glenallen mill at Park City Utah, built for 350000, announced by company officials. Operations at the table concentrating plant start tomorrow with five Jones Belmont machines in the flotation foundation completed. Expected ore treatment begins at 30 days and full capacity 225 tons daily.
The Calumet & Hecla reclamation plant plans to produce 15 million pounds of refined copper this year from Torch lake waste sands, aided by scrapers and flotation units. The project aims to boost output by about 6 million pounds from last year, with two more flotation units and an oil treatment extension pending.
Mr and Mrs George Linderbeck from Morse Saskatchewan Canada arrived last week and stay with the RD Graham and Storer families. Linderbeck notes good conditions back home. Polson churches plan Christmas Eve entertainments and a tree program. Polson schools closed for two weeks for Christmas and New Year holidays. Hot lunches are served at noon to country pupils under Miss Larson and cooking class supervision.
Lewistown officials and dairy interests discussed lowering milk prices in the spring. Carl F. Brug spoke for dairy interests, saying hay and feed costs justify a decrease, a stance the acting mayor E O Kindsley supported. News notes cover health board plans, a new engineers chapter, and local court actions and civic relief efforts.
County officials announce Oscar Moen will serve as county treasurer until March 1 to be followed by Nellie Gowdy. Margaret Carrell and Arthur Haskitt wed at Presbyterian church in Columbia Falls with Rev B Scott Bates officiating. couple to reside on rural farm nearby.
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