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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jan 16, 1916
Page
13
The article extols oil as the nation’s third wealth source and urges Montanans to back legitimate oil development. It notes small investors can profit from early participation, predicts refinery growth, new towns, and industrial prosperity across Montana and northern Wyoming.
A volatile session saw gains in select high priced issues such as Bethlehem Steel and American Coal Products while many shares retreated. United States Steel faced pressure. utilities and railroad stocks fluctuated, and several Mexican tied issues declined amid non intervention talks. Bond activity was steady with overall strong market tone, and a suggested California Mexican oil merger loomed alongside large railroad gains for the first week of the year.
Chicago markets report a weak start with wheat near 127 and May at 1.275, corn steady, oats nudging higher, and provisions rallying after an initial drop. Export news and overseas demand weighed, while strong packer buying supported futures. money and reserve figures for New York banks also noted.
An American observer in London says Britain will soon declare an actual blockade of Germany and its allies, superseding the orders in council. The shift reflects tensions over international law and neutrality, with debates on enforcing a strict blockade while limiting neutral harm and easing commerce with contraband controls.
In New York the Russian buying commission in the United States approved contracts worth eight million dollars with four American firms for twenty two thousand machine guns. This was described as the largest of its kind placed by any belligerent since the war began. The report notes departures of General Germanius and mentions various market data and agricultural futures alongside.
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