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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jan 16, 1908
Page
12
A historical note discusses surplus copper pricing with a cautious forecast. Producers hold stock for higher prices while consumer demand remains restrained. Exports stay heavy and bond markets rally, signaling possible new securities funding for industrial projects. Major producers like Amalgamated and Anaconda noted for varied gains.
Market notes suggest investors should buy copper stocks like Nevada Consolidated and Granite Range while prices are depressed and hold them for recovery. Suggested buyers include Ulahopper, Rox ton Consolidated, Newhouse Minen, and Michigan and Arizona copper plays. Prefer selling on strength.
The Montana Coal and Coke Co reports reduced output due to the Butte smelter shutdowns and the State Savings Bank crisis. Daily coke shipments drop to about 60 to 70 tons as the plant operates modestly while labor stays employed. Bond interest due soon was deferred, and the firm has roughly 60,000 tied up in the Bank at Butte, with mortgage terms allowing a 60 day delay before foreclosure.
New York January 16. The New York branch of the Russian revolutionary association plans to hire counsel to oppose the extradition of Jan Janofz Pouren. Pouren, a prominent figure in the Russian movement and fugitive since 1898, was arrested on a Russian consul general’s complaint for robberies and murders in Russia. Members say the Russian government fears a renewed revolutionary drive and that charges are political.
Dillon January 1 council received a statement from United States Senator Dixon regarding the Big Hole battlefield ground. He said he would push for an appropriation to preserve the main monument and to build an iron fence around it. The site lies within the Big Hole National Forest, complicating national park legislation and protecting it from salvage.
Special to the Standard from Dillon reports R L Ruey selling the Central Pharmacy to A Potts of Butte with Ruey planning a move to California. Also news of L Hall returning from a Dillon hospital after surgery, W Nybatt and R T Stalcup injured in a runaway, a large wolf kill drive in the Big Tale basin offering a bounty, and Beaverhead County elder Onele Arthur Sullivan near death with care lines.
An unresting military transport and detachment progress toward a fort as a Second regiment squadron advances to confront the Ute group. The journey includes a planned Meade Valley route with expected resistance and pursuit by Ute forces.
The copper market advanced despite a slight decline yesterday amid unsettled wires and incomplete Boston quotations. Amalgamated Copper led gains, with Atlantic stock scarce and demand rising toward the close as nervousness persisted over anticipated auctions tomorrow. North Butler and Greene Cane rallied, while Calumet & Arizona and other mining stocks posted notable activity on the Hoste Mining Stock Exchange.
Chicago markets opened weak as futures sagged on lower wheat and corn, with May oats also slipping. Hog prices posted gains while provisions remained soft. May pork fell, and ring trades showed broad weakness across grains and livestock amid selling pressure.
Chicago market report shows cattle and sheep receipts with mixed prices. Beef cattle and cows ranged around 1.40 to 2.60 per hundredweight for some grades, vealers and calves noted, livestock values steady to strong. Sheep natives and westerns traded with lambs and yearlings priced from about 3 to 7 dollars, whiter lambs listed toward 5.50 to 7.40 per head.
Mayor William Thompson urged Detroit city officials to demand a universal 3 cent fare, saying railways can renew their franchises only on that basis. He warned that without the fare reduction there will be no renewal of life for the existing rail lines until the fundamental change is made.
The gate railway commission approved the plan to build a railway overhaul facility. Officials cited the need for improved operations and better photographs of equipment. Details remained unclear due to fragmented notes and someuncertainties about wrecks and timelines.
The board at the Road company announces a dividend of 3 percent on the preferred stock amid a sequence of financial maneuvers. The filing notes affect shareholders of the Philadelphia area firm and outlines immediate distribution plans.
In New York on January 15 the stock market faced a pronounced reactionary movement with notable profit taking. The decline was steady but not precipitous as investors remained cautious, selling select issues while others supported prices. Government revenue deficits and bank reserve shifts weighed on sentiment, with federal notes and clearinghouse loans trending lower. Total sales reached $3,372,000 in par value, featuring Amalgamated Copper and a wide array of industrials and utilities amid continued financial strain and retirement of bank certificates.
A jumbled OCR style page reports on various mining companies and mines such as Arizona Canmereal, Calumet and Arizona, Copper Range, and Mohawk, with scattered market data for copper and lead in London and New York. It mentions securities, bonded issues, and currency rates in a dense, era-typical finance roundup.
WANTED-SECOND-HAND GOODS and fabric care services listed among faded lines. Mentions Parisian Dировкуe and cleaning by Ed at 16 W Broadway, city cleaning and dyeing service, with mixed garbled phrases about Butte and local addresses.
Ovando January 13 Mrs John Manson died Saturday January 12 at the Norrie near Shanley Creek of pneumonia. Born in Johnson County Missouri she married John Hanson in 1858. They lived in Colorado until 1885 when they moved to Montana settling in Fort Creek Valley later moving to their ranely on Bhianley Creek where they have resided for years. Survived by her husband two sons Clem James and Annie and Ars Witla Tinoe of Hamilton. The boy was laid to rest at Grande Cemetery on Monday June 16 Rev Mr Chirgwin officiating.
Franklinville announces the arrest of cashier DD Segttang and bookkeeper RB W Van Hosen of People's National Bank on four charges tied to the bank's failure. They reportedly mishandled about $4,000 unused funds prior to the collapse.
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