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Newspaper
The West Virginian
Location
Fairmont, West Virginia, United States of America
Date
Mar 05, 1920
Page
7
York reports a notably improved market mood with funding costs easing to 9 percent and demand loans opening. London demand bills advance 11 cents to 8.58, near four month highs, amid rumors of London gold exports and renewed interest from western centers. Investors cover positions in high priced industrials and rails, lifting prices though not uniformly across sectors.
Stocks in Pittsburgh and regional markets posted mixed results amid higher but uneven oil prices. Turnover reached about 2,600 shares as key names like Lone Star and Ohio Fuel touched modest shifts, while others held steady or dipped slightly.
Corn advanced notes from a blizzard impact with the May contract near 1.43 and July around 1.36, Chicago trading data shows nervous close. Oats rose about 4 to 101 cents while provisions ranged from modest declines to larger gains, per open and close figures.
Oil and gas development in Greene county and surrounding areas continues to draw interest. Operators chase promising prospects in Southwest Pennsylvania with several wells testing in Greene, Center, and Doddridge counties and near Elk Lick and Connellsville. A reported giant gas flow at Ligoner was later denied as unprofitable at 6800 feet.
Joe Stecher, after winning the championship from Carl Caddock at Madison Square, has won all of his one sided matches. He notes the hardest and most joyful bout of his career was against his brother Anton, saying it tickles him more to stop him than anyone else he has thrown.
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