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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jul 04, 1920
Page
22
Paris officials announce decoration of principal public monuments with French and American colors on July 4. The minister of public instruction asks universities to hold exercises that day highlighting France’s role in the American War of Independence.
Favorable silver ore developments are reported at the Hibernia mine in the Butte silver belt and at the Silver Triumph Mine near Hailey Idaho. Bear Creek and Neihart mines resume work with wages at five fifty daily while Cascade Mines report two strikes in two months. Silversmith mines near Sandon ship carloads and Consol idated plans a 1500 ton concentrator at Trail.
Bar silver in New York on July 3 shows domestic 994c and foreign 895c. Mexican dollars quoted at 67 Mee.
London trading notes show bar silver at 51 4 per ounce and money at 4 percent. Discount rates stand at 6 percent for short bills and 6 11-16 percent for three month bills.
New York Money, New York, July 3. Exchange steady. Sterling 60 day bills 3.90, 60 day bills on banks 3.90, commercial 60 day bills 3.89. Demand 3.99, cables 3.95. New York exchange on Montreal 12 1/2 percent.
Grain and Provisions, Chicago July 3 report shows corn opening mixed with September near 1.65 to 1.66 and December around 1.53 to 1.53. Oats firmed briefly then eased while provisions recovered slightly from prior lows. Butter and eggs steady. receipts listed at 12,056.
The Heilbronner Company notes strong street confidence for a bull market in coming months absent shocking developments. Banking circles are happier about the financial outlook. Sugar stocks gain popularity as earnings postwar surge and expected large undistributed surplus. Equipment shares seen contributing to the next market rise. Copper trades show light buying at 19 cents. Bearish statisticians advise copper and wood copper plays. A table compares July 2 closing and 1920 low with 1919 high.
Markets in New York are closed on July 3 with the exception of dairy and produce sectors still operating. The note signals a partial holiday schedule affecting trading and commerce citywide.
The Butte campaign for a union stockyard gains broad backing across business and civic leaders. Interviews from bankers, merchants, and public officials emphasize benefits to local meat markets, hotels, and rail traffic, with advocates urging organized public push to counter shipping to other cities.
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