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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Dec 25, 1917
Page
8
Reports from Heilbronner and Lauzier Wolcott wires indicate a broad price improvement on eastern exchanges amid peace rumors. Short sellers rushed to liquidate and others sought to square contracts, with copper stocks notably strong as investors await war news over Christmas.
New York trading ended with uneven activity as holiday effects mixed with short-covering and renewed peace rumors. Bond prices fluctuated with French Municipals up modestly while Anglo French 58 remained weak. Total stock turnover reached 415000 shares and bonds at $5.175 million par value, with US old issues steady on call and coupons down slightly.
An OCR fragment shows a list of companies such as Missouri Pacific Montana Power New York Central Northern Pacific Pennsylvania American Can American Zinc Crucible Steel Great Northern Ore Mexican Petroleum Texas company American Beet Sugar American Smelting and Refining American Tel and Tel Canadian Pacific Chesapeake and Ohio Union Pacific and others with percentage figures sprinkled throughout the garbled text. The line includes stock style entries like percent values and share counts, but no coherent narrative or dates.
Boston reports that about 90 percent of US copper output goes to government war munition production. Including bio mine input from South America Canada and Mexico, refined in the United States. Smelter output has improved from summer lows and refineries are expected to run at or above 200 million pounds per month soon.
Minneapolis reports mixed grain prices and strong shipments. Flour prices for carload lots rise to 9.90 for fancy patents while first clears at 9.30 and second clears at 6. Barley ranges 1.28 to 1.58 and rye at 1.84 to 1.85. Wheat receipts 557 cars. corn No 38 yellow 1.60 to 1.65. oats No 3 white 77 to 78c. flax 3.36 to 3.39.
Mercantile paper and government bonds show easy conditions while railroad bonds remain irregular. Time loans steady with a 5 percent bid for sixty day to six month terms. call money easy and high at 6 percent, low at 4 percent. Closing rates reflect a 4 to 5 percent spread and Mexican dollars quoted at 68 1-2 cents per dollar.
Shannon Copper company in Boston reports resumption after a July shutdown due to labor troubles. It produced 148000 pounds in late November as operations stabilize, with December figures expected to near normal.
Special Dispatch to the Standard from Seattle notes receipts totals for hogs 1,194 cattle 175 and sheep 229. Cattle show strength while sheep hold last week’s levels and hogs move slower with prime light buyers at 15.30 to 16.00 and heavy grades around 15.25 to 15.50.
New York December 24 The Great Northern declares a regular quarterly dividend of 1 percent payable February 1 to stock on record January 4, as reported.
The Anaconda Copper Mining company declares a quarterly dividend of $2 per share payable February 25 with a January 19 ex dividend date.
John Resko, a farm worker near Duluth, was arrested today by Justice Department operatives and held for internment pending shipment from Washington. Attorney John T. Kenny said Resko had been talking a lot. He will be sent to Fort Snelling. Resko, 40, native of Budapest, has a wife and family in Hungary.
Lieutenant J Harvey Douglas recounts his wounded arm after a sniper shot and capture by enemy forces. He describes hospital routines in detail from meals to X rays, the plaster cast, and a colorful cast of characters including Moodie Ludwig and a German feldwebel. The tale covers daily hardships, pranks, money dealings, and the mix of camaraderie and fear in a wartime lazaret.
Chicago markets edge higher on cold wave predictions with corn leading gains. January at 1.256, May at 1.24, oats up to 80c, provisions down 1 to 4c, rail and car shortages cited as factors, with export demand and government packing contracts lifting prices in spots.
Chicago market report shows hog receipts at 23 000 firm 25c above Saturday's average with various weight ranges. cattle receipts 13 000 firm including native and western steers stockers and feeders cows and heifers calves. sheep receipts 8 000 strong with wethers ewes and lambs priced across a broad band.
The thirty-fifth annual ball of the Robert Emmet Literary association will be at Hibernia hall on New Year’s Eve. Prize step dancing featured.
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