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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jul 20, 1917
Page
12
Market mood sags amid war anxieties and German chancellor uncertainty. Copper prices slip as demand wanes and small traders cut holdings. Reports from Dow Jones, Lauzier-Wolcott Co, and Hembbronner Co cite weak copper and widespread liquidation.
Judge Dwyer signed the dissolution of Parrot Silver-Copper, Butte’s oldest mining company founded in 1880. Once independent with its own smelter, it lost ground to Amalgamated and Anaconda affiliations, held valuable properties including Parrot and Little Bellona, and ceased operations as copper demand faded. Capital stock near 2.2 million, with most claims settled.
Chicago markets show notable price upturns in wheat, corn, and oats amid near delivery fears and sparse wheat for sale. July options bid rapidly higher while Canada and North Dakota crop reports lift oats. overall provisions vary, with packers supporting the market as car shortages loom and receipts show strength in cattle, hogs, and sheep.
New York market activity on July 19 showed only small declines across major sectors as investors awaited developments in war price taxes. United States Steel slipped to 118 1/2 with several stop orders. rail shares and minerals fell modestly while readings across bonds and utilities remained unsettled amid ongoing economic tensions.
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