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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jul 04, 1906
Page
9
The market shows light pressure with cautious bears quitting outright selling. A Tuesday-like selloff cooled after July 3, as covering by bears reduced urgency and prompted limited gains. Analysts note a lull in aggressive moves, with no clear signal of a breakout or sustained rally.
The Keating and Blocker property in the Rudersburg district, connected to the American Line and Refining Co, is leased with bond to enable development work. A compressor plant is being moved from El Paso to Arizona for use on the site, with pumps and shafts planned to reach 690 feet and beyond as sinking continues toward Cananea, Mexico. The venture involves notable figures Adams and Dunshee and focuses on extracting silver bearing ore while copper remains the primary owner.
Copper market analysis from the Boston News Bureau notes that roughly 10,000 pounds of copper were sold in New York last week, with buyers in wire and cable production active. Despite a break in the London market and NY exchange, officials say wet transactions are limited and demand remains firm for the rest of the year. German and Chinese demand is strong as foreign buyers shift toward shipments after August.
Via Salt Lake Rewir. Los Angeles and return, $49.49. Lid Angeles and returnm via Portland, 36% for sale, Jund 48 to July fg. and to Sept. 1 Stonovers t fialt lake City, where the reser ate all abloom, aall alr, salt falace, etrane berry festivals, Two tral daily from Salt Lake City to Los Angelon via Nevada's mineral bell. See Fr. a. Wie For, 106 North Main street, Butte
The Metz gold mine near Butte was the subject of a contest in district court as Silver Bow Mining Co sued J Culbert. The case, tried before Judge Bourquin, ended with dismissal after a court ruling limited further action, leaving Culbert with sufficient proofs for a patent.
The North Butte mine started raising ore yesterday with a new engine. It is expected to handle about 1060 tons per day by mid month as skips and skip pockets are prepared. Output will rise once the equipment reaches full use and crews become familiar with the system.
Diay 3-Wool straps in Me River area. Grading and clothing quality noted with 24 percent fight ine. Heavy fine imposed. MGV bib washed.
June 28 Columbus stockholders of the Columbus-Butte Mining Company plan to revert the Jennie Dell mine at Butte Montana to owners on July 1 after raising 65 000 to buy the mine. Machinery has been sold to the Last Butte extension company which moved it to its shafts, signaling a heavy loss to Columbus residents.
Round trip rate of 62 on sale June to Sept 15 plus special excursion 242.5 tickets of sale June 36 in July with stopover in Salt Lake City, then via the Los Angeles Limited for fastest travel to Southern California. For details and hotel information, write J. H. Burtnetl, Salt Lake City, Utah.
The Lexington property on the hill is being prepared for renewed use under Ta Tranee Coppac raingang. Joh Houck from the Fourth ward oversees work after Rawudl Ef departed. Pumps and tanks will be installed and raised in stages, with a 1,200 gallon tank capacity and two tanks planned. Output is expected to rise as bulkheads are cleared and the pumping system modernized, potentially making Lexington a top mine in the district.
The article discusses a proposed route from Las Vegas through Tonopah via Bullfrog. It mentions towns like Butte and Salt Lake City in relation to the line.
Trading showed weakness early on free selling by riders amid favorable weather, later stabilizing as a Chicago expert warned spring wheat crop deterioration. Shorts bid aggressively, with pork leading gains and overall market firming into the close. September contracts traded around 303 to 304 and settled higher with cautious appetite in livestock and grain segments.
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