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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Dec 15, 1915
Page
13
Copper sold ahead shows little market change as buyers pay mostly 12 cents per pound for small lots, while high grade spelter commands premiums from 3 to 4 cents. December output forecast around 45,000 tons with January grow to about 600,000 tons annually, as smelter expansions finish. Market remains tight with no surplus, likely through European conflict.
The New York market drifted through a weak morning due to yesterday’s storm interrupting communications. Afternoon activity firmed with many securities advancing, aided by professional traders covering shorts, while copper and mercantile shares led gains and concerns about Washington Vienna relations persisted.
We offer stock at seven and a half cents per share with a free option for an equal amount of shares issued via registrar. The option can be exercised within days after public notice that oil has been struck in our first well. Subscribers outside Butte and Anaconda receive time for transmission. Offer lasts only a few days.
P es P Brunton of Greybull and Montana says well No 1 near Meade is progressing well and hopes to strike before Christmas. Spokane financiers praise Greybull prospects as the Mead addition holds strong oil potential and offer a free stock option to invest now with later exercise after oil is struck.
The management of Success reports debt paid down by about 209000 dollars and 50 in dividends, 37 cents a share, with a 175000 surplus. The mine is paying higher ore returns than others in Coeur dAlene. New ore bodies are being opened, drifting east and west on the Labortoot level, the lowest mine level, with an ore shoot expected to be found. its opening should boost ore reserves value. The superintendent leads development with seasoned experience in the district. A recent litigation ruling favored Alameda, involving 29000 dollars for ores claimed from Alameda ground. the case has been appealled.
Local dealers double air sales on select products by combining dealer advertising with manufacturer newspaper campaigns. By displaying goods and selling during news ads, they amplify reach, boosting distribution as manufacturers intensify promotion and push to secure more business.
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