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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Dec 27, 1913
Page
10
Copper markets show renewed strength with New Haven index recovering after recent lows. Trading activity was subdued yet prices rose as reports of firmer demand at home and abroad supported the sector. Bond markets saw higher activity while total bond sales remained modest.
The Butte and Balaklava copper mine near Meaderville shows strong 460 depth shaft progress and a daily 100 ton ore shipment to the ashop works, up from 50 tons. An electric plant, hoists of 800 and 165 horsepower, and a complete administration under Frinmuth and C W Newton support solid finances and a 250,000 share stock with $10 par value. Government bonds steady as bar silver and Mexican dollars hold at low levels.
Markets report larger volume despite wire trouble as lake stocks rise and orders flood in. Copper prices edge higher, with exports for the week ending December 25 totaling 3 811 tons. Observers predict continued upward movement into the new year amid profit-taking and cautious optimism about a market rebound.
Market steady for wheat with northern and spring types around unchanged. Barley receipts small and price steady. Hogs weak with light demand, prices about 7.35 to 7.70. Sheep receipts 400 and market firm. Celar notes include Portlana cargoes and mild activity in receipts.
New York December 2 market report shows spot to March ranges in electrolytic and spelter quotes with mixed figures while a London holiday is noted. A Labor union resolution dated November 2 1918 announces wage floors for all men under its jurisdiction effective January 1 1914, signed by W F Barnaman and S P Johnson.
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