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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jan 09, 1920
Page
12
Market notes show export concerns boosting corn values while oats and other grains move modestly. Wheat and rye hit near record highs with mixed futures and rising flour and hog prices lending strength. Copper and tobacco stocks announce dividends, and foreign demand supports exports as U S rubber also posts a dividend.
The stock market drifted on light volume amid credit tightening signals from the Federal Reserve. Shares showed little animation beyond pools and under pressure issues while rails and oils fluctuated. bonds moved narrowly as domestic and foreign rates influenced turnover.
Fragmentary despatch from New York reports copper and iron market data with notes on bead prices and Louis spot at nine twenty two. The text is garbled but indicates commodity trading activity and price references in early January.
Stocks were in focus as Zing, Copper and Zige drew bids with Zing closing at a premium amid rising ore showings. Emma mine rose 50 cents to 11.87 while Roundup oil issues saw ongoing activity with Tri-city bid strongly through the day.
A fragmented market note shows demand pressures at eye annex and ney Lome ae Marke, with money firms quoting high and low ruling rates. Indicates 6 percent loan rates with bids and offers around six percent and recent closes near 6 percent. Liberty bonds quoted with prices 103.30 for first and 92.48 for second, 94.66 for third, 29.66 for fourth, and Vic 95.11 for Victory.
December output for Hast Butte Copper Company shows 540 pounds of copper and ounces of silver, versus 1002 380 pounds of copper and 56 54 ounces of silver in November, a drop of 51 040 pounds copper and a rise of 14 087 ounces silver. A new mining discovery is reported in Central Idaho near the Salmon River breaks between Five Mile and Lemhi streams, locator Carpenter. Wallace reports a major consolidation deal valued around 250 000. Bunker Hill smelter details ore production and zinc silver outputs for December compared with November. Iron ore yields and tonnage are noted, with refining savings of 45 percent. Market reports on hogs, cattle, and sheep conclude with prices for stocker, fat cattle, and lambs.
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