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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jun 18, 1905
Page
26
A dull half session closes a stagnant week on the New York stock exchange. Reading fell nearly a point as the sole active stock, with declines common across the board. Limited foreign trading and slight gains in Japanese bonds followed the bank statement impact.
A dense ledger lists numerous corporations incl Amalgamated Copper American Car & Foundry and American Express with various preferred and common issues. It records bond prices, coupon details, and notable listings like New York Central Norfolk & Western and United States Steel amid a broad market snapshot.
New York reported a quiet metals market on June 17 with tin steady at 3, lead at 4.50, spelter at 5.35, and iron softening about two points from prior quotes for No 2 foundry southern. Copper quoted at 11/2 cents for lake and electrolytic and 14.75 cents for casting.
Money on call nominal and time loans firmer with daily figures around 3 percent and 34 percent. Prime mercantile paper 34 to 4 percent. Sterling exchange firm with bankers' bills at 487.15 on demand and 435.25 for six month bills. Posted rates 486 and 488, commercial bills 484 and bar silver 58.4 to 58.5 cents per ounce.
Chicago wheat futures turned bullish late as fear for spring crops and reports of damage from heavy Kansas rains spurred covering. July futures climbed from 88 1 2c to near 94 1 4c, with corn and oats also firming and provisions rising on steady demand from packers.
Chicago June 17 cattle receipts 400 market steady with good to prime steers 6 40 to 6 60. Hogs receipts 10 000 today and 46 000 tomorrow market steady with mixed and butchers 5 28 to 5 42 heavy 5 40 to 5 42 light 5 25 to 5 45 bulk 5 35. Sheep receipts 1 500 steady with good to choice wethers 4 00 to 4 40 and western lambs 5 50 to 6 65.
South Omaha market notes show cattle receipts at 300 with steady prices. Native steers around 34.5% utility, cows and heifers $844.60, western steers $3.40, stockers and feeders $2.75, calves $3.60, bulls and stags $2.50. Hog receipts 9,000 with a shade lower trend. heavy hogs 5.15 to 5.22, mixed 5.17 to 5.22, lights 5.25, bulk around 4. transportar. Sheep receipts 700 with market steady. westerns 4.79 to 4.85, wethers 4.50 to 5.15, ewes 4.04 to 6.03, lambs 5.75 to 6.35.
June 17 market notes cattle receipts about 3,000 with steady tone. Native steer prices range from about 4.25 to 5.75 with western fed cattle at 4.0 to 5.5 and calves from 3 to 5.75. Sheep prices show muttons near 4.25 to 5. per head and lambs from 5.75 to 7.50 with wethers and fed ewes around 4.25.
Wool prices steady in St. Louis with mixed grades. Medium combing and clothing wool quotes around 28 to 28 1 4 cents per pound. heavy fine at 24 to 24 1 4 cents. tub washed around 42 to 46 cents, signaling stable demand across graded categories.
Washington reports on June 17 that the available cash balance stands at 135,880,168 dollars while gold holdings total 70,442,225 dollars in the treasury statement.
Special Dispatch reports from Twin Bridges that Montana Overland Mining Company and manager W. H. Godfrey have a workforce at the upper and lower claims on Wisconsin creek. After an enforced shutdown, operations are now underway again on both groups.
In the upper group the old tunnel is being pushed forward with vigor to crosscut the lead within a few hundred feet. In the lower group efforts focus on extending the McKinley tunnel with a large body of fine ore already found. The tunnel will run 1,000 to 1,500 feet further, then a shaft 1,000 feet from the surface to the tunnel level. The company aims to tax out the ore and expects a bright outlook under Manager Godfrey, likely one of Madison county’s best paying propositions.
Dense fog off Sandy Hook sparks a fire aboard the steamer Kansas City of the Savannah line while en route from Savannah. The blaze breaks out again after docking, destroying thousands of watermelons and damaging cotton cargo as crews fight flames. 65 passengers and 54 crew were on board.
Mrs. Lew Coleman of Deer Lodge and many visitors from Basin Great Falls Helena Pony and Livingston are mentioned among arrivals and departures in Butte. A son was born to the wife of Peter Byrne at 507 Dakota street. Legal notices include the T J Shea vs Copper Chief suit for 10000 and stock value.
Special Dispatch reports a correction to a published marriage notice. The groom is Alvah F. O Neill, not E C Shaffer, and the bride is Elsie I Weaver. They wed in Livingston on Sunday June 11. both are from Chico Montana.
A Butte player headlines the Pacific National League batting list led by Home Run McIntyre with a .277 average and strong showing in doubles. The Boise team dominates runs, while Hammond and Schils top in steals. A San Francisco writer recalls Piggy Ward and Rube Waddell stories, plus Leon Ames’s rise with the Giants.
Thomas Egan aged 41 died yesterday at his residence 405 West Virginia street. Funeral will be tomorrow at 2 pm from his home to St Patrick's church for services. He leaves two brothers Michael and Tim in this city and a Daniel in New York. His mother and a sister Mrs Shea reside in this city and a sister in Virginia City Nev and another sister in Daw son Alaska.
The Marian White Arts and Crafts club admitted 11 new members at yesterday’s meeting held at Mrs. Grigg home, raising total membership to 90. Wednesday embroidery is discontinued with only Saturday meetings remaining, China painting begins next Wednesday under Mrs. Grigg. Thomas Fegan died Friday at 405 West Virginia Street, Nashville native, age 41, survived by three sisters and three brothers. funeral Monday at 2 from the family home.
Graduation exercises for St Lawrence parochial school will be held at Hibernia hall on Monday and Tuesday evenings with diplomas awarded on the second evening. The remains of Joseph Schwartz will be moved today to John Miller’s residence for a 2 p m funeral. Robert Leeming, seven, son of Mr and Mrs John Leeming, died yesterday and will be buried from the family home at 139 East Boardman Street at 2 p m today.
EB McNamara advertises highest cash price for household goods. Located at 338 E Park St Butte with contact 6867. Also OECHSLI at 42 W Edwy offers highest cash price. telephone Ti6A.
Notice invites plans and specifications for a town hall in Hamilton Montana with cost not to exceed 8000 dollars. Proposals due June 29 1905 at 8 p m to the town clerk. Building about 40 by 75 feet two stories with basement suitable for jail and heating plant excavation and foundation work required. Council reserves right to reject all bids. For details contact Town Clerk R C Parmenter.
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