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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Sep 03, 1920
Page
12
Wheat surged after initial selling pressure as offerings were absorbed. December and March contracts moved higher, with corn and oats following, while provisions fluctuated. Cattle receipts rose with mixed results, hogs steady to lower, and sheep activity uneven across Chicago Spokane and Omaha markets.
New York stock market rose with broad buying led by rails and utilities as money rates fell. About 700000 shares changed hands with gains in Atchison and other preferreds, while oils and copper shares posted solid moves. Trading cooled later but overall tone remained firm on strong industrials and dividends.
Domestic silver and currency rates hold steady while sugar and refined sugar futures trade. Metals show little change with copper tin and antimony steady and lead and iron near firm levels. Foreign exchange moves include sterling, francs, guilders, lire and marks with Montreal rate at 8.5 percent discount. Credit markets show strong call money and crime loans steady.
Topeka reports a new business venture a marriage shop by a local florist aims to stage nuptials with palm fronds bouquets and roser adornments. Audience of 25 to hear life sentence vows noted amid other quirky local culture happenings.
Sales of four mines in Cooke City to Sheridan operators Brooks and associates mark cross state development. Ground broken for Butte-Jardine 100 ton flotation mill with $60,000 cost and 325,000 feet lumber on site. King Solomon group near Helena resumes work with significant silver and prior high values. Net earnings at ast Butte Copper Mining near $30,000 monthly in seven months, 210,000 year-to-date. assets exceed 2.3 million. oil prospects in East Butte remain negative. Shattuck Arizona Copper reports 370,000 income with 379,179 expenses creating a 5,067 deficit. Sunset Peak Mining resumes Coeur d'Alenes work under Dr. A H Ready and brother. Nabob Paise raise advancing. Highland Surprise develops Pine Creek. Lehigh Nicholls notes Nabob consolidation. Constitution and Pittsburg activity continues.
William Lunn of Yorkshire asks Premier Lloyd George to start the house at 10 30 a m and adjourn by 7 30 p m next fall to ease strain on MPs. He argues long hours hurt members and efficiency.
The market sees heavy call money availability signaling easier credit conditions after the triple holiday. Copper and related shares advance with Anaconda, Spansion, Cerro de Paseo, Butte & Superior showing gains amid rising turnover. Standard Oil shows hardening quotes as a new Poston mill unit nears completion and milling capacity expands.
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