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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Aug 26, 1909
Page
22
North Butte surged to a new high near 61.50 amid active trading on the eastern markets. Other copper stocks moved down with liquidation evident, while Lake and North Lake showed mixed moves and Harriman news influenced sentiment.
The New York Metal Exchange saw a quiet easy session with spot August and September at 12.60 to 12.80 cents, October 12.75 to 12.90, November 12.85 to 12.95, December 12.90 to 13.05 cents. London closes steady with spot £59 1s 34d and futures £6 1s something. Local dealers quote lake copper at 3.13 to 3.57 cents, electrolytic at 2.87 to 3.12, casting at 12.62 to 12.87 cents. Lead at 4.37 cents spot New York, 4.60 to 4.30 in East St. Louis. Spelter quiet with spot 5.80 to 5.80 cents in New York and 5.60 to 5.65 in East St. Louis. London market slightly higher at £22 28 Ad.
The city of Great Falls is poised for rapid expansion with large park acreage donated for public use. Water power development, a reconverted emergent plant, new railroads, and planned federal buildings and a premier Montana hotel signal strong growth. Senator Paris Gibson’s foresight supports orderly, beautified urban development toward a grand future.
Real estate listings provide city lots in Great Falls with addresses at 203 Main Street and 51 East Broadway. The notices reference Wellcome and Peckoyver Co. and list locations in Anaconda and Butte for property interest.
The British-Butte Mining company on the Rocker dredge near Butte reports weekly cleanups and shipments to Helena, with last week’s haul at 115 ounces netting about 1450 dollars as plans for additional dredges take shape. Copper market coverage notes rising production, ample stocks, and mixed signals on prices, with forecasts of continued high output and growing consumption in domestic and European markets.
Wheat eased with brief rallies then closed slightly below yesterday while corn and oats fell. Provisions edged higher to lower, and rainless Northwest weather helped sentiment as traders faced limited export activity. Corn September around 66c, rye cash 69-72c, pork futures near 22.45 to 11.70, clover cash around 11.30.
Cattle receipts 2,200 with prices for beef cattle and calves. Hogs receipts 18,000 with prices and ranges for mixed, heavy, and pork cuts. Sheep receipts 2,200 with steady market and price ranges for natives, westerns, yearlings, and lambs.
Wool markets in St Louis show steady tone with medium combing and clothing grades at 22% to 29 cents, Merit fine around 20% to 24 cents, heavy fine 13 1/4 to 14 cents, and tub washed at 26 to 27 cents per pound.
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