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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jun 10, 1920
Page
14
Markets and mining notes show corn and oats gaining while wheat futures ease. July corn at 1.712 and September near 1.38 signal activity. outs rise to .045 with a 7 cent jump. Provisions trade dull but steady. receipts cited at 33,080.
Livestock market reports from Chicago Spokane and New York detail cattle steers and yearlings with bids around 55 dollars for top cattle, steady to higher sheep and lamb prices, and strong hog receipts. In New York mercantile rates show sterling and bank bills firm, with demand for various bills and notes, while exchange rates for Belgian and other currencies are listed. Market stow and receipts reflect fluctuating prices across prime and medium grades.
Reports indicate new wells in the Frantz field drilled into pay sand and cap rock formations. Green Drilling nears pay sand at 1,130 feet, while Decker-Collins and Walker interests push to spud further wells, as optimism grows for production near the recent big Frantz well.
New York stock market reports say dividends on 1000 share lots and widespread liquidation on rails excluding Reading. Steel, equipment, motors, oils advance. shipping and utilities vary. Copper demand rises due to waterpower plans. silver weakens further. Dividends declared by California Petroleum, New York Textile, Columbia Graphophone, and Tobacco Products corporations. Bar silver at 61 percent.
Atlantic City reports a divorce filing by Hewssey Edwards against Georgia E Edwards alleging neglect after marriage and separation to live with a sister. Separately in New York the Metropolitan Copper Market shows steady spot and future prices with bids and asks near 49 dollars per unit as markets remain quiet.
The Mejsbrenner Company notes a continued drop in silver while stock markets show wide swings. Prices in American Woolen and Baldwin slip to 116 and rebound to 118, with United States Steel and other metals fluctuating. Dividends are cited for International Harvester and United Verde Extension, while foreign exchange holds firm. loans ease and textile buying power remains uncertain amid high living costs.
May copper sales total 62 million pounds domestically and abroad, with April and March at 101 million and 320 million respectively. In Idaho, Clarinda Copper Mining nears completion on Howe mountain with a 2000 foot tunnel and a new Sullivan compressor. The Sunset mine in Lump Gulch reports a tunnel-driven operation and surface silver showings. In Wickes, Minah mine yields high grade silver in tunnel No. 4. Zinc plant dismantling continues nationwide, with retorts discarded since 1917 peak. Ely district near Hamilton shows ongoing silver mining, with Grape Valley shipments and Grangeville mine near Elk City reporting a new strike.
Lewistown reports display of two Curtiss planes, a small al plane and a larger Oriole from Roundup to Casper, flying at 7000 to 22000 feet. Bert Cole, ex army aviator, and J Y Stock piloted the big craft to Winnett after a brief Lewistown visit.
Lewistown reports Harry Withycombe and A. Me Monagie of Havre return from Texas Oklahoma and Wyoming oil fields. They examined the Mosby structures and Frantz wells and plan Havre dome development, believing deeper drilling will yield oil. A Flag Day program is set for June 11 with Elks band, Frank Clark and H J Baker to speak. Judith Basin Farmers elect Carl H. Peterson president and W. C. Kruckenburg secretary treasurer. Judge Briscoe adjourns divorce case Annie P Gorwell versus Clarence Gorwell. desertion and failure to provide proven. The couple wed in 1817.
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