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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Sep 04, 1920
Page
12
The wheat market surged on bullish export estimates with December futures rising to about 2.46 as traders priced a lower export total than last season. Corn gained broadly amid firmer grain and hog values while oats and rye showed mixed moves and cash quotes listed for several grain types.
New York September 3 raw sugar remains Memorial. Refined sugar weak at 154 7.10c for fine granulated.
Livestock receipts in Chicago on September 3 totaled 4000 cattle 14000 hogs and 8000 sheep. Cattle prices ranged from 9.75 for common cows to 16.75 for the best steers with most bulk between 15.50 and 16.56. Hogs traded steady to strong with an average near 16 and porkers around 14 to 15. Dogs and light hogs near 15.10 to 15.90. Sheep receipts held at 8000 with native lambs 11.75 to 12.50 for bulk and lambe offerings around 12.50 to 13 for feeders.
Hogs Receipts 25. Market steady. Prime mixed 16.50 17, medium mixed 16 16.50, rough heavies 14.25 15, wigs 14.50 16, stockers and feeders 14.50 15. Cattle Receipts 42. Market steady. Prime steers 9.50 10, good to choice 9.50, medium to good 8 9, fair to medium 7 8, common to fair 6 7, choice cows and heifers 7 7.50, good to choice 6.50 7, medium to good 5.50 6.50, fair to medium 4.50 5.50, canners 2.50 4, bulls 5 6, calves 10 13, stockers and feeders 5 8. Sheep Receipts 15. Market steady. Prime lambs 9.50 10, fair to medium 8 9, prime yearlings 5.50 16.50, prime wethers 5 6, best mutton ewes 2 5.
Omaha receipts totaled 44 000 hogs with market mostly steady to 10 higher then weak at close. Prices ranged from 14.59 to 15.25 for strong weights and packing grades. Cattle receipts 1 500 with market slow to moderate. Lamb offerings 8 000 with bids steady and no lamb sales. best ewes reported at 6 75.
South St Paul market notes show steady to weak hog bids at 6s 500 with ranges from 13.25 to 15, bale prices around 14 to 14.50, calves and stockers steady, kill-er fat steers steady around 6 to 16, cows and heifers 5 to 12.50, sheep receipts about 1,500 with lambs and ewes priced near 4 to 12.25 for lam bs and 2.06 for ewes.
Extensive realizing for profits swept through the New York market ahead of a triple holiday. Industrials led gains as bulls rallied, with Crucible up 2 1 4 points and rails mixed. Call money steadied near 7 percent as oils, chemicals, and metals drove broader advances.
The Flohart shaft water removal was delayed by a broken air line about 160 feet of pipe was replaced and water stands below the 200 foot level. The 300 foot level pump installation will start soon. A car of ore hauled from No 4 tunnel marked likely last load by team as upraise from No 1 tunnel nears completion.
Jefferson Mines reports a two compartment shaft reaching 218 feet with 300 feet the target at its Whitehall district property. A crosscut to the ore body will be drilled from the 300-foot level. Plans are complete for a leaching plant to treat upper oxidized portions carrying 2 to 6 percent copper.
The California Athabasca mill near Give Out creek above Nelson BC starts operations after three trial runs to process ore from California Mining. Fahey Bros. harvest galena from a vein five to eight feet wide at Whitewater mine in Slocan. Idaho-Northern Mining plans to extend its lower tunnel 1600 feet deeper in Coeur d Alene district after four-year suspension, with O Nordquist arranging and Oscar Eckman as superintendent. Zinc and lead-silver ore shipments by Consolidated Interstate Callahan fell 4576 dry tons in the June quarter. Utah public utilities commission hearing on August 20 probes freight-rate hikes for low grade ores, impacting mining costs and coal and lime rock supplies.
Magnus Jensen stepped into a whiskey gun trap in a Minneapolis basement while protecting a home stock of liquor. A sawed off shotgun set in a beer case with a wired trigger exploded, threatening his leg and life, as police note the owner left the liquor secure for summer. A woman reported an injury after seeing Jensen crawl along the street.
Betty and the elfin Happy Giggles watch Gunny Beetle defend a smaller beetle from a larger bully. Gunny reveals a tiny gun-like fluid sack that fires with a loud bang, stunning the big beetle. They witness a playful display as Gunny and friends practice their defense.
Bar silver on Sept 3 in New York remained unchanged with domestic and foreign prices flat. In London on Sept 2, bar silver quoted at 59 1/4 dollars per ounce, with money and discount unchanged.
In New York on Sept 3 copper iron zinc and antimony held steady while tin stayed firm at 45.50 spot and 46 futures. Lead remained constant at 8.75 and 9 cents.
Market review notes bullish sentiment across eastern financial publications with optimism from New York News Bulletin and Financial News Bulletin. gold imports from Europe expected, with first $5 million French shipment to arrive Sept 7 and $6 million more from Havre Sept 14. U S exports rise in July to $651.38 million while imports climb to $537.51 million. Cresson Consolidated Gold Mining declares quarterly dividend. Anaconda copper stock leads gains with price up to 55.37 from 52.50. copper demand and trading volume surge ahead of Sept 30 dividend meeting.
London news column reports Lady Bland-Sutton criticizes mothers for spurring daughters into a life of continuous dancing, supper parties, and wild country house living. She cites aging society women embracing dances and new steps to accompany husbands, urging mothers to curb excess to restore restraint.
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