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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Mar 02, 1920
Page
10
Chicago, March 1. Private reports of large farm corn reserves were offset by news that corn consumption from November 1 to March 1 was among the heaviest on record. May and July corn futures shuffled, oats rose, and provisions varied. Visible supply fell versus a year ago, and farm reserves were the smallest since 1912, while hogs and grain showed mixed movements.
The New York Stock Exchange edged higher on the steel corporation ruling while rail and related shares opened little changed and then fell. Traders weighed the court decision against high price stocks as General Motors and Crucible Steel swung, United States Steel advanced, and rails and petroleum issues showed divergent moves amid a cautious session. The rally spent time near the close with industrials softening and rails firming, suggesting a tentative bull tilt once markets normalize.
Market held a steady tone in late session with enhanced trader confidence. News of US Steel anti trust ruling boosted rails and industrials while Anaconda and Chile issues showed gains. Chicago corn stocks and grain movements appeared strong amid improving transportation outlook and a higher pound.
The year 1919 report outlines North Moccasin Kendall Plegan Gloster Shannon and other property outputs. It notes tonnages values royalties power costs bullion sales and profits across properties with total adjustments and a year end balance. The Boston News Bureau cites copper sales and a surge of Nethart silver camp population growth due to silver prices.
Snowstorm Stanley causes delays and power concerns at Hy Sang Wash project site. Officials report weather-related disruptions, triggering temporary shutdowns and revised timelines for completion.
Wall Street and financial experts report rail interests pressuring the Interstate Commerce Commission to broadly interpret the new railroad law to revive transportation systems. Freight rates may rise 25 to 80 percent, with wage gains debated. labor pressure and living costs influence outcomes. Overseas balances and gold outlays affect credit, while steel stocks weaken and rail shares are poised for a market-driven recovery later in spring.
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