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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Dec 24, 1915
Page
12
Copper climbed to 21% cents a pound as shortages grow and large sales loom. Anaconda’s 120,000 pound British government deal boosts demand while output lifts for 1916. Stocks, dividends, and foreign trade figures hint at a stronger copper share market with prices advancing across Boston and New York listings.
New York copper exports for the week ending Dec 11 reached 15,899,210 pounds, with prior weeks at 2,382,169 and 39,551,362 in Nov. 20. Kennecott Copper’s output could yield substantial profits if sold at 21 cents per pound, while copper stocks attract strong buying. Industry sources predict dividends of 6 to 10 percent for American Smelting, with high earnings variably cited. Market activity shows improved sentiment across rails, with Southern Pacific and New York Central leading gains as copper prices hold near 21 cents. Anaconda and American Smelting hit new highs amid the metals rally.
Fragmentary stock ledger lines show bid figures and prices in imperfect OCR. Mentions include 7.00 and 25.08 with scattered symbols and numbers, plus references to months and orders, lacking coherent context or identifiable entities.
The Montana impact of electrifying a division of the Chicago Milwaukee Puget Sound railway is rising. President Marling notes plans to finish a 115 mile addition by February, accelerating a 440 mile route from Harlowtown to Avery. L. J. Petit touts electricity’s superiority over steam as an official test shows an electric train handling a mountain pass at 18 mph with less noise, while steam engines struggle. A Silver Row banquet in Butte honored Earling and colleagues, with a miniature electric train, an artificial fountain, and a power setup. Butte, the world’s largest mining camp, produced vast copper and silver, reinforcing the region’s transport importance.
The New York market opened with no standout features beyond steady investor demand for leading railroad shares. Metals and oil stocks rose with some reversals after profits. Mexican Petroleum jumped to 1067, copper largely higher, and United States Steel showed strength after initial wavering.
In Chicago on December 23, foreign demand boosted wheat, pushing Dec at 1.24 1/4 and May at 1.25, with corn and oats also rising amid renewed export interest. Provisions mixed, lard weak as stocks rise. cash oats and barley quoted, timothy and clover bids listed.
Chicago market report shows hogs at 51.09 receipts and mixed prices from 4.26 to 6.59 per cwt. Cattle receipts near 30 percent with native beef steers 5.90 to 119.25, western steers 6.20 to 88.29, cows and heifers 2.80 to 8.29, calves 6.25 to 79.05, sheep firm with wethers 3.1 to 76.8 and lambs 6.85 to 9.50.
Port land Oregon December 23 cattle market remains steady with receipts of nine steers across grades. Prices listed include choice steers around 9 7 2 5 per hundred, medium and good ranges, with heifers and bulls also quoted. Sheep market steady with 17 head, prices for choice spring lambs 7 2 5 to 7 4 0 and yearling wethers 6 2 5 to 6 7 5.
The London wool auction series closed with 9 800 bales offered and strong demand. Prices rose from opening, with gains mainly on home and Russian lots and occasional American support. War orders and tight raw material supplies drove firmer levels, with merinos and crossbreds closing 10 to 15 percent higher and exceptional lots up to 20 percent. Public Stock Exchange details noted.
A. WOLF. JOHN LEHLON J. H. RYMAN. Capital Surplus.
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