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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jan 05, 1916
Page
12
Metal prices surged to record peaks with copper around 23 cents per pound and other metals like Wikead, Boelter, and Granby showing strength. Stocks fluctuated as investors weighed the Austrian and German tensions over the Persian sinking, with some traders predicting higher openings but possible later declines.
Stoneham & Co review foresees a masked year with copper prices high and deliveries tight. Copper stands at 24.5 cents per pound with unlikely near term decline. Copper shares seen rising as producers grow and dividends support valuations. some properties to reach full development in 1916 and 1917. New York trading notes show copper firm and tin strong, with metal quotes steady.
The Anaconda company released December copper production figures for the Washoe and Great Falls smelters totaling 25,600,000 pounds, the largest month of the year and 600,000 pounds above prior estimates. For 1915 total output reached 254,800,000 pounds, up from 228,720,000 in 1914, with 1916 expected to show a substantial gain.
Public Stock Exchange advertises self-directed trading with a public call at 10:29 a.m. The secretary’s office at 41% N. Main Street remains open all day, contact phone 1271 for details.
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