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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jun 04, 1914
Page
19
Stock market activity showed little revival with irregular moves and few gains. New Haven and Lehigh Valley posted better close, while crop forecasts cheered sentiment. bonds were in weak demand and commodities varied with copper and silver showing mixed quotes in New York and London.
John Devlin, a Montana pioneer born in 1868 in Providence Rhode Island, reflects on 48 years in Montana and 391 in Butte. He joined placer mining in Bear Gulch and Weargulch, watched camps rise and fade, and spent his later years in the state he has long seen grow. He still owns properties, sold several, and occupies good health with plans for more years in Butte.
Development at the Butte & Zenith City property six miles southwest of town shows surface ore indicators and promising deeper veins. Pumps move about 125 to 150 gallons per minute with auxiliary support. assays reach 5.7 copper 19 ounces silver and 20 cents gold per ton, while no zinc or lead is detected. Company stockholders, Duluth capitalists led by T Filomath president, finance the effort with no stock for sale and strong equipment in place.
Subscribers in North America can pay $7.00 a year in advance for daily and Sunday delivery by carrier or mail. The announcement promotes Montana's best newspaper at a popular subscription price beginning June 1.
Report notes disposal of 10500.48 dollars received from the sale of United Copper Company assets to Red Metals Mining. Receivers plan inquiry into misapplied funds tied to Heinze era financing, intercompany loans, and transfers to Bethe Stewart and Ohio Mining holdings.
In Norway the Crown Prince Olaf, aged three then now about four, has progressed from early lessons to jumping 49 to 50 feet. King Haakon and Queen Maud, newly married to winter sports, live at a peasant-style house near the ski grounds where they host visits from relatives. The Prince of Wales toured with them, trying skiing and even venturing to high glaciers on the final day.
Stock markets show a stronger underlying tone after days of selling. Copper prices ease due to weak overseas demand while shares like American Telephone and Telegraph rise on steady earnings. Paired with mixed broker notes from Hutton & Co and Paine, Webber, the market hints at cautious optimism amid political and labor tensions and a resilient outlook for some industrials.
Figures show contributions of 7,897,070 from Montexuma 2,834 and customs 491,133. Douglas smelter totals 11,222,818 for a grand 18,828,358 from the Detroit Copper Company yielding 2.19 SM pounds. Hutton & Co expect Goldfield to run another mill soon as Superintendent of Diamondfield Finch Butte notes ore valued at 140,000 already developed with large amounts on dumps.
Chicago markets report firm grains despite European crop worries with July wheat opening strong and corn firm. Wheat, corn, oats show varied gains, with cattle and sheep receipts modest and prices steady to higher in mixes across Chicago Portland markets.
Minneapolis grain prices show wheat at 88 and a half cents for September futures with cash bids for No 1 hard at 964 and No 2 northern around 14 cents. barley unchanged and oats around 152 to 163. Sealed bids for fair race privileges at the Butte track due June 12, 1914, with 25 percent certified check. association may reject all bids. Also a note about H I Wilson, president of the Butte fair association, and an unrelated Northamptonshire resident prosecuted for intoxication.
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