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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Sep 17, 1920
Page
12
Chicago Sept 16 Wheat prices traded with bearish mood as lack of support dragged values. Prices closed lower with December futures around 1.11 guidance and cash quotes showing No. 2 wheat at 2.48 to 2.49 a bushel and oats around 62 percent.
In New York the stock market advanced with a broader rally led by oils and rails. About 550000 shares changed hands as Pan American Petroleum and Shell Transport rose while several steels, tobaccos, and sugar issues posted gains. call money opened at 7 percent and eased to 6 percent aiding further list improvement before a final irregular close.
Livestock market data from Chicago shows cattle receipts at 14,000 with good and choice steers firm to strong and tops at 18.25. Hog receipts 16,000 with prices about 10 cents higher. top hogs 17.50, most at 16.75 to 17.45. Sheep receipts 20,000 with fat sheep and native lambs mostly 25 cents lower. native lambs top at 13.75.
Spokane market data shows cattle hogs and sheep receipts with price ranges. Hogs prime and medium mixed quoted, cattle steers and cows varied by quality, sheep including lambs and yearlings listed with multiple price bands.
Omaha market report shows hog receipts 600 with prices up to 17 dollars top, cattle receipts 2,500 with fed steers at 17.25, stockers weak, calves steady. sheep 18,000 with limited packer bids and lambs 25 cents lower, breeding lambs around 78 pounds at 14 dollars.
London reports a morning note on bar silver 60 percent four ounce as well as money and discount conditions, with prices and quotation trends not fully specified.
New York money market shows prime mercantile paper unchanged on Sept 16. Exchange rates irregular with time spans strong as of 8.8 percent. Call money steady with high and ruling rate at 7 percent and last offered at 7 percent.
New York metal market reports copper dull with no change, lead steady around 8.25 to 8.50 cents, and zinc firm with no notable variation.
Rome reported the official count of mortalities from the recent earthquakes as 174. Authorities released the figure as emergency teams continued rescue and assessment efforts across affected regions.
Helena September 15 With the reopening of American Woolen mills and others and an uptrend in the wool market at eastern warehouses, Montana growers at the state fair grounds annual sale of pure bred sheep heard optimism from S W McClure former secretary of the National Wool Growers association.
Trading on the New York Stock Exchange paused after an explosion at 9:15 a.m. as prices moved higher with vigor. Reports cite renewed confidence in rails and ore, with Anaconda and Great Northern among movers and Nabob Consolidated’s Pine creek mill expanding operations in Coeur d Alenes. Prospectors like James Carney emphasize following productive leads to richer ore discoveries.
The market opened strong with oils leading gains and rails rising. At 12:30 a.m. a massive explosion near J. P. Morgan & Co. offices on Broad Street shattered windows, injuring pedestrians and killing 8 to 15, prompting the exchange to close while the cotton market stayed open. Five thousand Scranton miners returned to work with seven thousand more expected later, and money conditions eased gradually.
The Boston-Butte and Superior mine produced 7.8 million pounds of zinc in concentrates and 140000 ounces of silver. The Tennessee Copper Co will produce over 300000 tons of sulfuric acid this year barring interruptions in three months. Labor shortages slowed activity but operations picked up. A decadelong acid shipment contract with International Agricultural ends in December and a new three year agreement will take effect. A temporary price peak of $10 per ton occurred during wartime, while the standard price now stands at $4.81 per ton up to 225000 tons. The Tennessee company plans to enter fertilizer sales via Southern Agricultural in November, selling sulfuric acid and acid phosphate.
Astrology predicts a year of optimism and luck for many, with hopeful prospects for political candidates and rising enterprises after women gain full enfranchisement. The text warns of litigation, social disappointments, unrest in Pisces regions, and swings in weather, trade, and agriculture.
American commissioners to the international communications conference met to study the global cable situation. They aim to prevent a looming monopoly by Britain and seek equitable solutions to challenges in the Americas and elsewhere. Britain reportedly controls over 150000 miles of cables worldwide, versus about 50000 miles for the United States.
Paris dispatch reports Premier Lloyd George may travel to Paris this weekend to confer with Premier Millerand. They aim for a united allied position on soviet Russia and on German reparations. The talks come amid signals Italy's Giolitti and Millerand may align against British aims.
The wool market shows an upward trend at eastern warehouses and sales centers. Montana woolgrowers hear S. W. McClure at the state fair grounds sell out pure bred sheep. last week fifty eight cents a pound was bid for a Montana clip and refused.
The Interstate Commerce Commission released the first analysis of American railroad freight traffic for 1919. In Q1, U S railroads moved 8,007,355 car loads totaling 278,622,698 tons with bituminous coal leading at 1,866,632 carloads and forest products following with lumber, timber, logs, poles, and cord wood.
Logan Utah Sept 16 Governor Cox told a crowd on the Mormon tabernacle lawn that he would come back into the western country during his first term and urged reclamation of western lands over building battleships.
Pendleton Oregon September 16. Circuit Judge Phelps denied a change of venue for prisoners John Mathie Elven Kirby Irvin Stoop and Floyd Henderson charged with the murder of Sheriff Til Taylor. The trials of Stoop and Henderson were set for September 17.
Premier Giolitti invites employers and workers to Turin to mediate the metal workers strike amid arrivals of delegates in response to the invitation.
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