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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jan 22, 1916
Page
10
Thirty cent copper reached a multi year high in New York on immediate deliveries amid a sold out market and heavy penalties for delayed buyers. Anaconda led gains with March deliveries up two cents while several miners saw notable price moves and dividend activity.
A compact stock summary lists 41,000 shares with prices around 90.20 and includes a maze of mining and resource names such as Butte Cop, Gold Caledonia, Colusa-Leonard, Copper mines, Goldfeld, Goldfield, and United Verde Ext. The text references March and various extensions like Keating and Lom Rucher de, along with scattered figures like 2,400 3,000 and 1,000, creating a dense ledger of stocks and associated entities.
A fragmented OCR list catalogs numerous mine names and related entries such as Alaska styled holdings, mineral properties, and company connections. The batch includes references to Brat Zinc Great Falls Ely London Zenith New York Fire Northwest Trustee Caledonia Calumet Corbin Coppermines Davis Dialy Elk Basin Oldfield Merger Continental Blossom Keating Naboh Mineral Far Marsh Butte Dew Ohio Palot Hatte Reindeer Queen Sierra Consolidated United Verde Ext and other scattered terms.
A field of stock market chatter describes weak demand and cautious trading as copper and steel sectors face dividend decisions and high valuations. Copper hits highs around 30 cents, while Anaconda and other majors show varied responses. grains and gold exports add to mixed sentiment as traders await industrial reports and annual statements.
Stewart mine stockholders hear from President Todd amid dividend policy changes and ongoing exploration. He cites 189,000 tons produced in 1915 with about $670,000 net earnings, notes reduced quarterly dividends to 5 percent, and outlines plans to develop new ground at Lest Tender and Crown claims. Engineers assess other properties for long term reserves while exploration continues to open promising veins and secure continued operations.
The London correspondent reports a holiday market mood with copper prices rising though quotes are sparse. American demand dominates, while European consumption grows, likely at American expense. Stocks are dangerously low and overall activity is limited. English smelters consider expanding capacity with possible government aid, but prospects are uncertain.
Minneapolis notice lists stock exchange terms with figures for Burley and Flax markets and a 10:30 a.m. public call. Secretary's office open all day at 41 N Main street with contact phone 1271.
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