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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jan 03, 1920
Page
10
Markets, mining and financial news note that weather conditions support corn purchases, with prices quoted for No 2 mixed and No 3 mixed corn, rye and white corn varying by grade. Reports from Minneapolis and New York show copper, lead and silver movements, with copper steady and precious metals easing.
New York stock market opens 1920 with broad advances across steel, motors, and metals as money rates ease. Call money slips from 15% to 6% late, aiding demand funds while optimism grows that shorts will cover and the year-end disbursements clear.
Money opened at 15 percent with Sterling exchanges at 3.78 percent. Copper sales domestic at 19 percent amid a broad bull market. investors foresee leadership from raw material stocks as the peace treaty ratifies. Automobiles lead with Studebaker reporting strong earnings near $30 a share after federal taxes, while copper delivery contracts are set at 190 per pound. LIBERTY BONDS and broad listings show mixed yet overall strong demand across 60 and 90 day treasuries and longer maturities.
The first session of the new year on the New York Stock Exchange highlighted copper stocks with strong demand and rising prices. Anaconda, Kennecott, Utah Copper, and Tuolumne Copper Mining showed gains, boosted by renewed investor confidence and favorable market conditions.
Livestock receipts include hogs cattle and sheep with mixed bids. Hogs top around 14.60 heavy hogs 14.20 to 14.60. Cattle receipts about 6000 with steady buyers and varied steer values. Sheep receipts about 11000 with strong demand and lambs around 6 to 8 dollars per head. Market activity centered at South St Paul with prices quoted for fat cattle and calves.
A fragmented note references Milwaukee residents wishing to be represented in Congress by Herger or nobody, with garbled stock market terms about lambs and feeders and unclear local context. The passage preserves the core political statement amid the damaged text.
A dated horoscope warns that Neptune opposite influences deceit and fraud in politics and trade. It foresees ominous trends for occult practices, potential ship development but rising physical strain, and a brisk early spring with notable university activity and a presidential campaign context. Births may be high strung yet talented.
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