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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Mar 29, 1921
Page
12
Markets across wheat showed a tentative rise as supply remained tight while trading opened. Prices for related commodities and metals hovered with muted demand, displaying mixed signals amid cautious sentiment.
New York trading closed mixed as rumors of dividend cuts and reinforced readjustments shadowed gains. Banks funded liberal call and time money while rail and transport declines, crop losses, and wage cuts weighed on sentiment. Sears Roebuck fell sharply, while movies show strength with Famous Players Sales. Gold imports steady currency markets muted by Easter holiday, Liberty bonds steady. Total sales about 6.48 million par value.
In Livingston district court Daniel G. Ross sues E. B. Hubard asking to restrain sale of property to satisfy a $10,000 judgment. The complaint says a 1903 contract with Buffalo Mining Co. involved claims in New World district for stock and cash and that expenses and fees were misrepresented. The case alleges misrepresentation and scheme to divide proceeds, with an injunction sought to prevent enforcement.
Stocks fluctuated with Oils and Copper leading declines. Utah slipped to 47 and United States Smelting rallied after a 35 percent level. Dividend news surfaced as US Smelting and Sears Roebuck passed. Germany and France bought over 10 million pounds of copper signaling demand while Ford resumed six day weeks.
A Winsted truckman tried to sell a wagon bought for 260 but only drew bids of 5. He refused the low offer, hauled the wagon to a lot and burned it. Leaf insects mimic real leaves nearly perfectly and have fooled observers into mistaken identity.
The railroad labor board dismissed petitions from 29 unions representing about 4000 employees on 67 short line railroads over wages and working conditions. The decision notes impracticability of uniform rules due to diversified duties, with 10 electric lines dismissed and 25 adopting trunk line scales. Accords that no wage increases or existing wage agreements are affected. Railroads involved are mainly in the East, with western lines including Butte Anaconda and Pacific, Spokane International, and Wood River Branch.
Ford Motor company annual report filed in Lansing shows total assets of 284,554,941.68 as of December 31, 1920. Cash holdings and bank deposits amount to 13,557,244.51 with credits owing to the company at 54,438,633.50. Unsecured liabilities are listed at 888,000.61.
The Supreme Court interpreted the term income for tax assessments under the income and excess profits acts. The court ruled that gains from securities or corporate assets realized as income are taxable, with the full court endorsing the opinions. The Solicitor General said the decision would ease treasury tax litigation. Washington scene: White House lawn hosts first egg rolling since 1917 with thousands watching from the fence while President Harding appears, greets a boy with a decorated egg, and later joins Mrs. Harding and others on the east portico.
Illinois Chicago market notes show beef steer prices fluctuating high to low with bulk stock and canners, while Spokane reports steady hog and lamb values, receipts varying day to day. The Associated Press notes Arkansas and Washington coverage with cattle, hogs, and lambs pricing, and mentions an anti-dumping bill likely to merge with an American imports valuation measure as Senate Finance Committee chair Penrose signals progress.
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