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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Mar 09, 1920
Page
12
Chicago trading rallied as market interpretations of farm reserve data turned bullish. May and July corn futures rose to about 1.47 and 1.40 respectively, oats steadied, and provisions gained with hog values firm. Weather forecasts hint at reduced arrivals as road conditions threaten harvests. grain supplies and visible stocks showed shifts in New York and Minneapolis figures.
Receipts rise and prices edge higher for hogs cattle and lambs with bids on steers cows and vealers strengthening. Market sectors show mixed gains across weights with beef and dairy classes up and lambs and mutton steady to higher amid regional trade and mercantile currency updates.
New York exchanges report a shift from early irregularity to feverish activity with broad gains across lenders and many specialties. Analysts expect substantial future share disbursements and possible stock splits by large industrials, while tax burdens and cautious buying temper gains.
Market opened uncertain as to direction after a court ruling on stock dividends. A mistaken report claimed dividends were non taxable, sending the market rising from two to as high as forty points before settling near the peak. Shorts covered and traders anticipated further gains tomorrow.
Manager George T. Mc Gee outlines 1919 development across Barnes-King properties including North Moccasin with 3084 feet developed, a new stope between Agnes and Possible, Kendall shaft and drift work, and mill tonnage at Plegen-Gloster averaging 134 tons daily. Shannon vein exploration shows a 100 foot payable shoot on the 650 level, with limited incentives to mine below. Numerous patent filings complete for multiple claims forming the Shannon group. Copper and silver prospects at Marysville and Emery mine attract financing and expansion plans, with a new 800 ton per day oil-rotation mill, and a 50 ton tent mill proving potential paying development. Market notes on silver and currency appear amid project updates.
In London Premier Lloyd George rejected any plan to barter or sell any part of the British West Indies to the United States to settle debts. In Manila the Philippine legislature urged immediate independence from the United States as it adjourned after endorsing the plea. Tomahawk Wisconsin reports Pride Pulp and Paper to start a new mill with about 3.5 million dollars invested.
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