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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jan 19, 1915
Page
12
Stocks generally advanced with broad gains led by war-related issues and metal shares. Strong activity in Canadian Pacific and copper producers supported the market as investors eyed rising metal prices and foreign buyers.
Stock markets show continued boom in Butte and Superior with copper and spelter demand cited. Prices rise to new highs as buyers from Belghm Germany and United States markets seek stocks. Analysts note strong European demand, rising production, and potential further price increases for spelter.
Japan strengthens copper position as global markets react to central financial policy shifts. Local and curb stocks show improved conditions amid broader economic adjustments.
The Copper Producers Association ends after six years of effort to unite copper makers. Key members including James McLean of Phelps, Dodge & Co, and others vote to dissolve at a New York meeting. Previous leaders and participants, from Calumet & Hecla to Amalgamated Copper, attended the final session.
Washington dispatch reports that copper exports for the week ending Jan 8 reached 2 153 711 dollars with total value for the period ending Jan 18 at 3 791 138 dollars. The United States shipped copper to England France and Italy among others.
Chicago markets show wheat and corn lifting to the highest January levels in over two years amid export sales and strong home demand. May wheat opens near 1.40 with a closing uptick, oats pressured by selling, and mixed receipts across cattle and sheep as the market firms.
Market steadiness in cattle with prime steers at 7.90 and prime cows near 15 hundred dollars per head. Prime bulls and heifers reported with varied prices. grain receipts show New York mercantile paper steady exchange and bonds, with Minneapolis grain noting wheat and barley activity. Copper and zinc markets quiet, with bond rates varying, and government loans holding steady.
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