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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jul 29, 1908
Page
6
Copper stocks jump as North Butte leads gains with a closing rise from 77 to 814, signaling strong demand and tighter supplies. Analysts note higher futures and widespread buying across major firms while other copper shares show mixed movements amid a buoyant market tone.
In Denver on July 2, U S district Judge R B Lewis directed a verdict for Coldfield Mohawk Mining in a case over ownership of a large ore shipment from the Mohawk mine. He denounced “high-graders” in Nevada camps, warning there must be honesty to stamp out dishonesty. Defendants included George Richardson and Frank Downing of Goldfield Nevada. The ore was valued at $16,000.
Oyster Bay declares the president will maintain a non interference stance on nominations for congressional and gubernatorial races. Secretary Lorh says invited political leaders at Sagamore Hill during summer will include both national and state figures, but the president will not influence selections.
In his office or store, the entrepreneur can be reached without long holds. The Rocky Mountain Bell Telephone Company provides a broad network, covering his region and enabling contact in eight hundred towns across Montana Idaho Wyoming and Utah.
Copper prices are expected to move upward as New York and Boston signal an industry-wide shift toward higher values. Traders, investors, and major manufacturers anticipate a market rally, with speculation centered on imminent price increases and renewed demand from European buyers and U.S. mills.
Ore bodies near the Tuolumne mine show 26 feet vein width with four feet of good ore on the hanging wall and two on the fat wall. Assays reach 29.10 copper with silver and gold per ton. Development crosses the vein, drifting planned to map extent as the company eyes deeper sinking and a modern hoisting plant to 3400 feet.
In Trenton New Jersey Chancellor Putney denied to dismiss a preliminary injunction that restrains Old Dominion Company from pursuing action against Albert Bigelow in higher courts. The firm had won a Massachusetts verdict for nearly two million dollars for alleged profits tied to selling the Ohio Dominion subsidiary. The case shifts to New Jersey for full merits review.
A delayed government action halted an auction of Neate and Leavy ship and engine building property on the Delaware riverfront. The sale, originally set for 1000 dollars, faced adjustments due to a mortgage and a ground rent totaling 207000 dollars, complicating bids and timelines.
Fragmentary article notes delays in government payments for Denver Way construction causing company balance issues. Mentions Leary tied to Manhattan, a county jail, and a special maintenance mention dated July 28. Details are garbled and unclear due to damaged text.
Live disorder described as a dog and man conflict near Roxanan Poor and Selan. Bharift Reynolds aided the scene by treed Win thors, with the event involving money and an argument at 344 North Mali street.
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