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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jan 12, 1910
Page
5
The stock market shows muted movement with copper shares fluctuating. East Butte weakens while Giroux gains on large stock available, and Associated Mines forms to push development. Bearish mood persists with public selling, but analysts expect a rebound as demand stabilizes.
A New York Montreal led syndicate forms underwriting for the Ophir property in Butte Copper camp. They commit 268000 to place the property on durable footing with a largely oversubscribed existing underwriting and treasury stock for sale. Management plans deep sinking to reach copper deposits as mining proceeds.
Nelson of Duluth, president of Butte-Hallaklava Copper company, arrived in Hutte to discuss protective measures for copper industry. He notes tariffs favor metals, copper under pressure from stagnant production, Europans buying copper cheap then selling at higher prices. He urges action to safeguard U S copper as a vital resource. The Butte-Ballakinva shaft third compartment is complete, steel gallown frame up, Holating engine pending delivery. mining operations to resume as shaft work finishes.
Negotiations on a major copper consolidation have progressed with discussions involving Amalgamated, Guggenheim, and related properties. The proposed deal aims to unite Anaconda Copper, Nevada Copper, and several producing mines, with stock exchanges and shareholder offers reflecting anticipated 150 million pounds yearly output from combined operations.
Special Dispatch to the St Louis Republican Helena January 4 William Hahn nine of the big flown planters of the eile died this morning in his room while turning from a walk he became weak was summoned to his bedside and died. Hahn came to America from Germany August 8 1861 lived in Virginia City and Helena He was one of the discoverers of the Elkhorn mine.
Jesse P Stevens, a 69 year old Grand Evan former coroner and trusted figure among friends, celebrated his birthday yesterday. He remains hale and hearty and works daily as a waterman at Leonard mine, enjoying life and hoping for many more birthdays before fate ends his days.
Dr. Flatt will present a reading of Charley Rann Kennedy's The Servant in the House at the Auditorium next Friday evening. His months of study are noted as giving a strong rendition and earning him widespread renown. Also announced is the funeral of Tate D. D. McDonald at Sacred Heart church with mass at seven forty three. Orton Bros offer organs and planes at 214-288 Mata street for best value.
Boston reports a probable assessment and share levy on the Davis Daly Copper Co. shares as the New England directors may be chosen soon at a stockholder meeting. Judge Dowling ruled for TMT Raborg in a separate suit seeking $111,000 damages over unpaid instalments and stock allocations.
The Tutte assembly No 3 of The Americans held a 60 day new member contest with the Blues winning by three. In a 400 person ceremony Matt J Sullivan was Past chairman and Deméa Sasage chaired. officers listed include Katie Earles Mary Pape Alexander Penaluna Evelyn Halt Anne Besi Christian Wrier and Nellie Ivey among others. A program followed with music recitations and solos by local performers.
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