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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Aug 12, 1909
Page
6
Copper holds firm with steady demand and a full volume of business. Prices are near 146 cents for standard, 1314 to 133 for electrolytic, while supply controls aim to keep surplus off the market. Analysts foresee future price gains as consumption expands and world outlook remains positive.
News from New York and Boston centers on a possible takeover of Phelps Dodge and Cananea by Cole-Ryan interests. An official denies any merger plans while International Smelting clarifies stock certificates and dividends. North Botte Copper directors anticipate a regular quarterly payout as copper prices influence profits.
Helena Aug 11 A verdict for the plaintiffs in the $905,129.02 suit of St Louis Mining and Albine Company against Montana Mining Company was returned at 6 oclock this afternoon by a jury after 28 hours deliberation. The trial began June 21. The 190h trial previously awarded $167.00 to plaintiffs. The case was sent back by the U S Supreme Court for a new trial. The proceedings involved 150 to 299 exhibits and about 2,100,000 words of testimony amid a large staff of typists and reporters working long hours.
A special dispatch reports the African Methodist Episcopal church annual conference opening at St James' Church with Bishop Abram Grant presiding. Delegates from Montana Idaho Oregon and Washington attend as reports from districts will guide efforts to enlist colored population support. A second note covers a wardens meeting in Avane Ward with Henry Avare presenting a gold study to honor the event.
The copper market shows broad gains with Amalgamated leading via a 34 level and high confidence in future rises. Copper shipments and production improve at multiple mines including Isla Royale and Amalgamated, as exports and domestic demand push prices higher and major brokers call for continued strength.
A fragmented ad heavy with garbled place names mocks a publicity stunt selling photos with President Taft. It describes a dubious studio near the Capitol showcasing a draped figure and a cardboard standee, profiting from naive buyers while referencing Taft and a staged “king of America” moment.
Helena reports the Penwell-Gilliman Ranch Company declared a twelve percent dividend after nine months of operation at a Merghs county sleep ranch. A pending property transfer could lead to further site development as the sale advances.
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