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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Dec 21, 1915
Page
12
The market showed a holiday pause with light trading and broad optimism in copper and steel shares. Copper and oil stocks led activity as investors awaited fresh incentives, while several names such as Anaconda, Butte & Superior, and Mexican holdings moved on mixed bids.
The Butte and Superior Mining Company filed a November operation report showing 1,838 tons of concentrates recovered from 47,672 tons of ore at $291 per ton, with concentrates valued at $90.58 per ton. Tailings analysis lists 11.284% zinc, 8% lead, 0.37% copper, 0.9% iron, 1% insolubles, 9 ounces silver, and 0.00208 ounces gold.
New York trading showed mixed activity with gains in Mexican petroleum stocks and copper producers. The market reflected currency shifts, thin volume, and cautious optimism as copper prices rose and several industrials held steady amidst broader market uncertainty.
We announce the Monarch-Greybull Co first well was slated for December 20 and await telegram confirmation. Our clients who bought stock are advised not to part with shares until instructed. We placed investors on strong Greybull field companies and expect oil, forecasting shares worth over one dollar within sixty days.
Wheat at Chicago hit a peak on the 195 stop with strong close and exports rising to 1,780,000 bushels. December wheat opened 1.13 1/2 and closed 1.21, May at 1.22. Corn and oats showed mixed gains with firm wheat support, while Liverpool reports a stock decline. Local cash receipts listed various beef, cattle, and hog prices in a broad market snapshot. Switzerland now owns the St Gothard tunnel and railway.
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