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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Sep 25, 1920
Page
10
Heavy selling pushed wheat futures down with December quotes around 2.82 to 2.84 and March near 2.20 to 2.24, later recovering slightly amid bearish living-cost deflation talk. corn and oats hit new seasonal lows while hogs offered some price support for provisions. Prices closed mixed with lingering weakness and narrow losses.
Cattle receipts 3000 with beef steers slow at most prices. top yearling price around 18 dollars. hogs receipts 9000 with price up 10 to 15 cents. top at 17.50. sheep receipts 8000 with best fat lambs steady around 12.75 and bulk 11.50 to 12.50.
Hogs receipts 309 steady market prime mixed 19.75 20 medium mixed 19.60 19.75 rough heavies 18 8.50 pigs 18 19.50 stockers and feeders 16 17. Cattle receipts 194 steady prime steers 10 10.50 good to choice 9 9.50 medium to good 8 9 fair to medium 7 8 common 10 fair 6 7. Cows and heifers 7 8 good to choice 6.50 7 medium to good 5.50 6.50 canners 3 4.40 calves 10.50 13.50 stockers and feeders 5.50 8.50 Sheep receipts 305 steady prime lambs 10 10.50 fair to melium 8.50 9.50 prime yearlings 5.50 6.50 prime wethers 5 6 blank west mutton ewes 2.
HogsReceipts 13000 market mostly 10e to 15c higher closing with advance lost sulk medium and light butchers 16.25 16.75 top 17 bulk strong weight and packing hogs 16. notations. CattleReceipts 1800 no choice steer included market slow. SheepReceipts 12000 market ready top lambs 13.15 bulk lambs 12.50 13 feeders steady early sales feeding lambs 12.50
New York copper iron and zinc hold. tin remains steady at 43.75 spot and 44.50 futures. Lead eases on the spot market.
New York stock markets opened steep declines driven by selling across accounts amid a cutting campaign. Trading volume neared 650000 shares as motors oils shippings and rubbers led losses. rails held steadier. Silver and raw sugar quoted with modest shifts as the day ended heavy.
F E F M Smith announces a 60 to 75 cent per ton increase in smelting charges on all ore received at the Bunker Hill smelter effective immediately. North Bunker Hill in Wardner shows progress with a crosscut from the 500 foot level and westward extension planned. Nabob Consolidated Mining re-elects retiring board at Kellogg. Idaho Gold and Ruby mine to resume work near Lewiston with officers from Spokane. Lookout mine engineers report significant strike value with two feet of copper-silver ore shipable from recent workings.
The federal mint and geological survey announce Washington produced 258270 fine ounces of silver valued at 289487 and mined gold valued at 236400 in 1919 as part of the joint annual state production statement.
Fred W. Smith reports ore valued at about 500000 from the Waverly Tanglers mine near Ashcroft British Columbia with silver and lead dominant and some gold and copper. Prof J A Allen of the University of Alberta uncovers gypsum at Trail at 510 feet depth, a potential commercial deposit not yet slated for development. mineralists call it the first gypsum discovery in the British Columbia region.
Arthur P. Davis director of the United States reclamation service will speak in Havre on Saturday Sept 25 after returning from Seattle where he attended the Northwestern reclamation league meeting. The stop at Havre is at the invitation of W C Sprague of Box Elder who represented the Marias project at the Seattle meeting.
This astrological forecast warns of a variable day with Saturn Uranus and Jupiter adverse and Mercury in benefice aspect. It predicts pessimism in business and real estate cautions, careful bankers, and limited initiative. Writers may benefit and marriages or contracts could prosper, with inventions and motion pictures influenced.
The article notes Norway creates artworks on spider webs with dense weave. Webs occur only in a few inaccessible locales and the supply is limited.
Stocks showed limited movement with Studebaker slipping to a new low of the year while General Motors held around 19 percent after a regular quarterly dividend. Railroads remained favored with Reading near 94, Southern Pacific strong, and copper and oil shares mixed amid varied activity and bullish near-term outlooks on Sinclair and Mexican Petroleum.
New York rates show prime mercantile paper unchanged with various currencies quoted for demand and cables. Sterling at 7 percent, European francs at 6.66 to 7.08, guilders and marks cited, New York exchange on Montreal at 9. Time loans at 8 and 8 percent, call money steady at 7 percent. London bar silver at 59.5 cents and unchanged money and discount rates.
Buenos Aires reports the United States overtook Great Britain to become Argentina’s top import partner between 1910 and 1919. U.S. imports rose from $52,195,366 in 1910 to $2,382,868,392 in 1919, a 846 percent increase, while Germany fell to $1,506,219 and Japan rose to $25,890,606.
Otto Huber and his fiancée Ruby Parr lost a $2000 diamond engagement ring on a James River boat trip two years ago. After wartime service, he resumed the search with a sand screen and recovered the ring, returning it to Miss Parr with a wedding anticipated soon.
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