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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jun 02, 1905
Page
4
Prices across markets show marked reductions while overall interest in stock trading remains tepid. Investors focus on safer assets as volatility persists, with many firms reporting cautious outlooks and modest trading volumes amid uncertain economic signals.
New York June 1. The stock market showed little activity though prices fell as liquidity pressures rose. Traders cited the Equitable dispute and recent bank failures as drivers of a broad house cleaning trend, with widespread unease about forthcoming investigation reports and potential dividend policy changes.
A dense list of stock prices and preferred and common shares from many U S corporations. It includes American Locomotive American Sugar Refining Atlantic Coast Line Chicago & Northwestern New York Central Union Pacific Southern Pacific and others with bid and yield figures and preferred listings.
Fragmentary list mentions Brunswick Con, SOB Comstock Tunnel, Horn Silver and Leadville Con. References to Little Chief OMNTATIO OPNIE and Phoenix PORCE with scattered names like Sierra Nevada and Load. No coherent event details emerge from the unreadable OCR.
fragmented OCR lists several mining companies and deposits including Calumet & Hecla Daly-West Montana Coal and Coke Osceola Parrot Tamarack Trinity United Copper United States Mining Winona and others with percentages and affiliations unclear. The text references Canadian and U.S. interests in copper, zinc, and coal ventures and historic mining districts.
In New York on June 1 money on call remained steady near 3 percent with closing bids and offerings around 3 percent. Time money was easy and dull with 60 and 90 day terms near 3 percent. Sterling exchange held steady with bankers' bills about 486.9 for demand and 489.0 for 60 days, while government and railroad bonds showed slight movement.
The London tin market eased to 136 2s 1d spot and 185 2s 6d futures while copper rose to 4 7 6d both spot and future. Local quotes show copper casting at 14.76¢ with exports in May totaling 22 753 tons, and year to date shipments reaching 106 700 tons, mainly to China. Lead and spelter hold steady locally with sporadic changes. iron remains unchanged.
Chicago markets report a strong wheat session with July up over 8c and cash wheat near $1.20 a bushel for No 1 northern. Minneapolis gains sparked bullish momentum as experts suspect a large interest may target July delivery while others cover shorts in Chicago. Corn and oats followed with gains and firming prices as Packers showed moderate buying.
A compact set of job notices seeking bright boys for selling Standards in Butte, men and boys to learn plumbing and barber trades with paid training, positions for booklets in 12 cities, twenty girls for house work, a seamstress with experience, and a hotel dining room or kitchen job. Addresses include Standard office Butte Coyne Bros Cincinnati St Louis MacGregor Minneapolis Hapgoods 313 Nicollet Minneapolis Curtis block Butte Hast Fourth Anaconda South North Alabama Butte S L Standard office Butte.
Ads promise agents big daily profits selling a cheap water filter at 2 with Seneca Filter Co. in Missouri and other job notices seek sales agents and installment sales reps in North Carolina and Montana. Market recap notes July pork up 16 cents lard and ribs higher.
Flour and grain quotations include No 2 spring wheat at 1.0601.07, No 2 red at 1.00 1.07, corn 53%c, oats and rye prices, flaxseed and Timothy seed values, and pork and lard quotes. Chicago cattle receipts 27 000 with steady market. hogs 22 000 with steady market. sheep receipts 1 000 with steady prices. cattle steers 5 6.65, hogs 5.90 5.22%4, and lambs 4.50 7.50 varying by grade.
A jumble of notices and classifieds lists bids for removing buildings in Mountain View park to Gregson Springs, cash for household goods, a hairdressing and manicure service, lodge room for rent in Friendship hall, and sales offers for a runabout buggy, strong spring wagon, Whitney piano, horses, Rose Comb Brown Leghorn eggs, a horse wagon and harness, two fresh milch cows, and other local listings with addresses in Butte Anaconda Centerville and related towns.
A St Louis market note shows wool prices with medium grades at 26 31 cents, fine at 22 to 28 cents, heavy fine at 22 cents, tub washed 31 cents, and other variations noted for combing and clothing wools.
The annual meeting for election of a board of directors and other business will be held at the company office in Anaconda Montana on Tuesday June 6 1905 at 1 oclock p m. P M Halloran secretary.
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