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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jun 17, 1915
Page
12
Spelter prices slid to about 20 cents a pound after touching 38 cents earlier, triggering a broad market reaction. Amalgamated, Anaconda, and Copper stocks fluctuated while the market assessed supply shifts and potential further declines. dividends and notices circulated as traders eyed June settlements and exchange hours.
Deposits rise as savers build funds and look to seize opportunities. The notice invites readers to increase their savings this month to be ready for upcoming financial prospects and potential boosts to their accounts.
A table contrasts copper share prices on August 10, 1907, and June 10, 1915, noting Lake Superior stocks and premiums today over electrolytic copper. It cites Amalgamated, Anaconda, Calumet & Hecla, Copper Range, and other firms, with foreign exchange quotes showing weakness in Sterling, Paris, and marks amid talks of credits and market discounts. The section also reports Articles of Incorporation for Stam moth-Butte Mining Company with $500,000 capitalization, filed with the county clerk, and names Hugh Boyle, George D. Toole, and George Haldorn as incorporators and directors. The Butte Rotary Club met at their usual place with important business on the agenda.
The general today announced a plan to assess one tenth of one percent as the estimated general expenses of the board for the six months ending December 31. A payment of $108,447 is due on July 1 with the remainder due September 1.
Article recounts how dormant mines are revived with new machinery and methods. It highlights Anaconda at Washoe, Stratton Independence in Colorado, and Philip Argall’s revival plan including a 120000 ton annual mill. Results show high profits, improved ore recovery, and substantial dividends.
Copper markets show a sharp June rise with prices nudging 19 cents in New York terms as demand surges. International quotes in London diverge due to restricted exports while Canada and Europe absorb higher shipments. exports for May reach over 15 million pounds with major flows to France Britain and Italy.
The Granby company announces a quarterly dividend of 1.50 on stock, while bond issuance actions follow the disposal of a bond issue sold at a premium. The firm shows 15 million in stock, earning over 20 per share annually, with a market price near 89. First mortgage 6 percent convertible bonds of 2 million were offered at par and mostly taken by stockholders. Underwriters White, Weld & Co. distributed the remaining 3 percent at 102. Bonds fully sold and well placed.
New York stocks ended in narrow ranges as gains in steel and rail issues met by weaker foreign exchange and broad selling. Trading focused on rails and transcontinentals with Canadian Pacific among leaders. bond gains appeared in United States figures while gold and copper activity showed subdued highs.
Chicago markets report a spring crop frost risk and wet weather boosting bullish sentiment for wheat and corn. Oats rise on seaboard demand as hogs and grains rally. cash prices show gains across commodities. Cattle and sheep receipts moderate with steady to slow demand. London and New York quotes noted alongside metal prices and exchange rates. President Castro formed a new cabinet in Portugal after Premier Chagas resignation following a revolutionary outbreak.
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