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This newspaper page contains 9 articles. Subscribers can read the full text of each article.
Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Aug 13, 1908
Page
24
A chaotic market report describes a strong stock rally with widespread buying and rising prices. Copper stocks lead gains amid high cash demand, while investors anticipate further advances in select copper names and related industrials despite some anticipated declines in broader markets.
A district court judge ruled on a fraud suit involving Pacirthen Headroad company and a claim to $27,2800 in bonds of the Pacific Railroad. Administrators of Chittlew Burkes estate are cited. The court called the actions fraudulent and issued a severe reprimand to the parties involved. The decision notes evidence suggesting Durkee was defrauded.
Directors in New York prepared a plan to issue bonds to meet debts of the Nort Hutte Extension Copper company, with principal holders agreeing to take bonds. Meetings were set to approve a mortgage and other financing actions, as management aims to avoid losses and secure continued operation of the Pilot mine and Raven holdings, while new financing eyes up to 2000000 dollars in bonds and Western investors.
In Alaska Sunwin an Independent candidate appears set to win as results trickle in. Carson of Nome, a Republican, is in second with Democrat John Wan third, amid ongoing tallying and unclear final standings.
The article extols Dr. Pierce Golden Medical Discovery, praising pure glycerine extraction of native medicinal roots and heat aided preparation. It claims effectiveness for weak stomach indigestion biliousness and related derangements though warns it will not cure advanced consumption or perform miracles. It urges timely use and perseverance for best results.
Directors of the company discuss production pressures and mine closures at Washoe as ore sales rise to 12 percent. They note earnings per share increasing with higher metal prices and dividend expectations, saying a 147 per share price would likely lift dividends.
Geologists and investors weigh the long term viability of Calumet & Hecla as testimony highlights uncertain ore content and future copper prices. President Agasalz warns of management ambitions amid stock moves and property acquisitions including Oxata Consolidated. Copper output figures and market swings since 1880s cited to illustrate potential losses for shareholders.
The opening trading session showed weakness as a prominent trader estimated losses between four and six cars per bushel. Declines triggered stop loss orders while pessimism grew over North losses in February due to broader market fears.
The report mixes unsettled market data with university enrollment notes. It notes weak pork and lower crops in September with cattle and sheep receipts around 2000 head and steady market indicators. It also mentions Paris as a leading university by size and highlights law students from Russia, Holland, and Egypt among current attendees.
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