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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Dec 09, 1913
Page
10
A bullish mood returns on Wall Street as traders shift to long positions amid government reassurances. McReynolds signals fewer dissolution suits, aiding optimism. Copper and other metals show movement. total November deliveries dip, with production and demand mixed depending on source.
Portland market reports show steady demand across cattle hogs and sheep with varied price ranges for medium steers choice cows and calves. Minneapolis grain futures list No 1 hard and No 1 northern wheat with price quotes, while a location notice for Dr Cowperthwaite sits at Park and Main. Market receipts and commodity auctions reflect broad activity across livestock and wool markets.
The Copper Producers Association notes a 15 million pound rise in copper supply and an uptick in stock values. Sentiment improves across markets with Canadian Pacific and Harriman stocks buoyant, while North Butte dips slightly. Analysts expect a substantial rally before year end and a cautious, deliberate approach to policy and big business.
Reports from Montreal and New York indicate Canadian Pacific directors are nearing a financing plan other than capital stock increases. Sir Thomas Shaughnessey avoided denial, fueling talk of a substantial shareholder bonus and a possible land-for-stock exchange to bolster the balance sheet. Money on call remained firm while time loans eased amid steady sterling exchange and varied government bonds.
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