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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Dec 06, 1915
Page
10
East Butte Company paid off its last debt on December 1, clearing obligations from the original purchase of its assets. With the debt cleared, the rebuilt smelting plant and expanded capacity plus the flotation facility are expected to boost recovery of copper content. Surplus for dividends is anticipated for long-time stockholders.
Montana presses forward with rapid growth across mining oil and gas, hydroelectric, and farming sectors from border to border. Electrification of the Milwaukee railroad spurs optimism as Montana Power powers expansion. By year end 1916 the state aims to lead in electrically operated railroads and fuel further development of water power.
Copper buyers push for metal as industrial and war demand strengthens. Producers report prices rising, with limited scrap substitutes and mine output near capacity. Analysts foresee continued price gains unless war demand subsides or mine output expands beyond current growth.
An official note from Paris dated December 5 reports a high level meeting at Casale between French and British representatives. Attendees included France’s Briand and Mar parle, Kitchener, Asquith, Balfour, Joffre, and Grazient among others. Public stock exchange notices follow with trading details and office hours.
The Chicago Milwaukee St Paul road shows rising earnings as crop conditions and traffic improve. September and August gains are hinted at with substantial gross increases, while preferred stock trades below other rail peers and the railroad prepares for long term savings from electrification and the Puget Sound extension.
A reader asks if Inspiration directors may declare a dividend and about Anaconda buying out Inspiration. The reply notes no dividend for at least a year as Inspiration reaches production headway. Production targets exceed 100 million pounds annually from 1,000 tons of ore daily, with costs around 8 cents per pound. A merger or absorption is not on the table yet, pending demonstration of production and cost improvements.
Washington reports Postmaster General Burleson announced that the five largest U S post offices showed a 17 9 percent gain in November receipts, about $2 093 million more than a year earlier, exceeding the typical 7 percent rise. A rabbinical college opening in Fork rep cites aims to train rabbis to deliver English sermons to youths.
In the Scratch Gravel district near Helena, a major water surge at the Shannon mine disrupted work as pumps were installed to control rising floodwaters. Despite the setback, new ore was found in the east drift and several syndicates, led by T B Miller and associates, moved to advance development.
A 1920s style advertisement urges investors to buy stock in the Uncle Sam Oil Company. It touts Capex of over four million dollars, extensive Cushing Field holdings, a 165 mile exempted pipeline, 127 producing wells, 1500 acres deeded and 10,000 acres of leases, plus three refineries and two connected facilities. The message promises rapid drilling, potential 6,000 to 7,000 barrel wells, rising crude prices, and a goal to reach December 15 funding with strong distribution channels and a national campaign against monopolistic trusts.
A historical stock notice from Kansas City KC advertises shares for sale. The emitter name is unclear, listing 1,000 and 10,000 share quantities with prices shown as 70.00 and 1,800.00 respectively. Opaque text mentions Uncle Sam reference and remittance stock details.
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