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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jun 11, 1915
Page
12
Copper rises to 20% cents per pound and lead to 7 cents as spelter holds at 27 28 cents. Mining stocks climb with Amalgamated and Anaconda advancing. railroads and farm demand bolster industrials. News of Berlin notes and war rumors fuels cautious optimism and stronger market tone.
Development at the National mine near Mullan Idaho progresses with plans to sink a shaft to 100 feet and drill 130 foot vein tests. Geologists expect a secondary deep deposit with redeposited ore and the 300 ton a day National plant ready to operate. W dora mill and Tus Columbia mine leases advance as West Virginia Mining crews work on Sunset Peak.
Official May copper price averaged 18.54 cents per pound in New York sales with May totals suggesting June will run higher. Reports show early June averages around 18.60 cents as buyers and sellers react, while turnover remains elevated and the market sees volatile shifts in lead and spelter prices.
Fragmentary broker notes list bids and confirmations for copper and mining stocks, including Davis Daly, Hutte and London dealings, 1 000 unit lots, and names like Beaverend Alberta and Petroleum Consolidated. Orders reference Butte Montana and stock broker Lauzier Wolcott.
The Anaconda Copper Mining company announced that the original mine will resume operations today, adding 450 workers and bringing total hires to about 600 at Great Falls. The three concentrator sections will handle roughly 1,800 tons daily, with repairs completed during shutdown and emphasis on continuous operation at full capacity by July 1. The Washoe plant will be utilized to meet rising copper demand as output expands. The company also plans six-day workweeks with occasional days off per employee policy, aiming for permanent adoption.
Ninety companies owning American metal mines and works paid in dividends during the first five months of this year totaling $26,670,951. Since incorporation they have paid dividends $887,82.32. Copper producers among 9% companies declared $8,286,010 in five months. Since incorporation these copper firms paid $622,720,724 on issued capital of $221,828.75. Gold-silver trade properties paid $73,210,995 more than outstanding capital. 45 US properties show 1815 credit of $2,586,99. Sixteen Canadian properties paid dividends totaling $57,93,208. three Mexican properties credit $4,061 and $17,077,397 since incorporation. The six metallurgical works paid $4,271,760 so far in 1915, with $169,881,359 distributed since incorporation.
New York report notes electrolytic copper at 200 and 20.28e while the New York Metal Exchange quotes tin firm with five and ten ton lots. Lead bids are reported by the metal exchange and spot prices are mentioned with outside market sales in the text.
Chicago market update notes steady wheat quotations and mixed corn and oats moves amid weak foreign demand and hedging. Hog and cattle receipts are listed with modest price ranges, while Portland livestock shows steadier tone and receipts.
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