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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
May 10, 1921
Page
9
Prices weaken amid mixed signals from crop outlook and livestock demand. Wheat slips as corn holds steady while provisions and butter show marginal moves, with traders citing weather, exports, and government policy factors influencing the tone.
The Associated Press reports irregular trading with motors and related shares leading declines of 2 to 6 points amid price schedule readjustments. Industrial output remains about 80 percent normal as markets show renewed activity in Detroit and Cleveland.
The 1920 annual report for Anaconda Copper Mining details ore production, tonnages processed, and copper reduction outputs. It notes Butte & Superior quarter finances, including interest on bank balances and development expenditures. A new copper ore vein at the Drop Creek level is reported, with a potential but not yet proven importance. The Bunker Hill & Sullivan Mining Co. expands by acquiring the Mayflower bullion mine near Hailey, Idaho, signaling renewed activity in the Wood River district.
The market opened weak with motors and accessories lagging while rails slipped early but recovered by close. Pierce-Arrow reported a quarterly loss of 492090 after charges and taxes, depressing sentiment across industrials. European conditions and German reparations could lift markets if resolved, with expectations of improved activity in seasoned stocks and copper export sales rising.
Livestock market notes from Chicago and St Paul report mixed receipts and prices. Hogs see higher bulk and top bids around 8.80 to 9.30 for fresh meats, with feeders and sows varying. cattle and calves show diverse quotes while veal and lighter weights trend lower. Sheep and lambs remain firm,春 with spring lambs and feeder lambs showing strength in the bulk market. Also cited are New York money rates and prime mercantile paper as market context.
Geneva dispatch reports General Pershing urging young men to join summer citizens training camps to aid the war department. He argues for a permanent military establishment large enough to deter sudden attack and to meet international obligations, while noting traditions oppose a large standing army.
An estimate suggests 1 percent of the population may be called upon to carry 9 billion passengers, highlighting the scale of the system.
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