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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jan 01, 1917
Page
10
The article surveys 1916 as a record year across trade, industry, and finance. It notes exports rising 55 percent from 1915, imports up 82 percent, substantial gold movements, dramatic bank clearings, and heightened stock and bond activity. It also mentions war demand, price surges, food-price concerns, and growing public scrutiny of monopolistic practices.
Washington reports 1916 mining results valued at about 5200 million with copper leading profits and production up at least 25 percent from 1915. Arizona produced the most copper while iron, coal and petroleum also set records. dividends rose in Arizona Utah Montana and Idaho, Alaska saw gains.
The article analyzes factors driving rising prices, noting speculation and easy money as contributors while arguing that short yield and strong demand are primary. It cites Bradstreet index rises in 1916 and 1914, 1910 food price revolts, and contrasts domestic prosperity with submarine-era constraints. It questions future consumption, peace timing, and European state intervention in trade, urging caution against pariah politics and stressing American business readiness.
Weekly letter from the Butte Stock Exchange notes traders show renewed faith in local minor stocks Tuolumne and Dav is Daly while big New York and Boston shares slide. It reports Tuolumne Copper’s crosscuts toward the Main Range and Roy O More vein, eight feet of ore at the Tuolumne shaft, and shipments and royalties at Granby and Douglas. A spur to the Northern Pacific railroad is planned to aid ore shipments.
Over a span of seven days the Calumet shaft advanced 186 feet with the shaft now clear to 115 feet. gas declined as muck removal continued. Timbering and obstructions hindered progress but 665-foot timbers are in place. The booth lies 1,020 feet from the surface. Davie-Daly reports $1,500 per car for mine run ore. a new ore body opens at the 2,000-foot level. regular xine ore shipments to Ophir mill continue. Montana-Canadian Oil Property lies on the American side nine miles south of Beaver Hole. stock weak, at 80 cents ask. Jack Waite Co reports 14 feet of ore at 600 feet, four feet clean lead. 150 feet of drift. Three stopes begun to boost output. Elk Basin Oil drilling continues with three wells in progress by Teasers.
C F Myers, professor of experimental vegetable growing at Pennsylvania State College Center County, Pennsylvania, reports success in grafting tomato plants onto potato stems. This horticultural breakthrough could expand crop versatility and breeding possibilities for spud and tomato producers.
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