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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jun 19, 1915
Page
10
A listless market with very light volume 876 200 shares. Metals show weakness as price declines in spelter and lead while steel treads water. Copper and other metals fluctuate with modest swings as traders await broader signal.
The Hidden Lake Mining company will hold its regular annual meeting on June 21, 1815 at 8 p.m. at Daly Bank building Hoom 2 Anaconda Montana to elect a board of directors and transact other business by order of the directors TL Cullen secretary.
At the Colorado mine of the Davis-Daly company the ore body continues to widen and proves rich. Drift work shows ore 10 feet wide in places with copper content around 7 to 9 percent and silver several ounces per ton. A new air compressor will boost output by about 7 percent, aiding deeper development toward the No. 1 vein.
Ray Cobban of Butte has closed the lease and bond for the Jackrabbit mine at Argenta in Beaverhead county. The Beaverhead Montana Copper Mining company plans a two-shift start, sinking to 200 feet with a 12-horsepower hoist, water reach, then steam power. Initial capital is $100,000 with shipping to Salt Lake City for smelting and possible future concentrator.
Chicago markets eased further on wheat as rust forecasts from Kansas, Missouri and other Western storms weighed. Corn closed mixed amid spillover from wheat volatility and export demand hopes. Oats firm while hog prices rose. provisions and freight rates showed limited gains.
Dr J Mackintosh Bell consulting engineer of Ehrlich & Co London visits Butte then Spokane Canada Montreal England trip with wife. He cites extensive copper zinc lead coal interests worldwide and praises Butte mines for scientific operations. He notes wartime demand boosts American mining, comments on Australia zinc exports and British neutral stance, and praises Woodrow Wilson as a statesman.
Zier-Wolcott Co announces buying bids from numerous firms including Tuolumne, Keating, Butte, and Alameda with multiple thousand dollar totals. The list details stocks and insurance company notes and asks readers to list their buying orders with the stock brokers in Butte.
The Bonanza-Butte Mining Company organized in Butte with capital of 500 000 dollars, owning claims Bonanza, Bonanza Extension and Ruth. Directors include Charles Ho Lane, William Youlden, J J McCarthy, H H Ws Fath, William Meyer, John Kenefeld and George E Johnson. A strike of zinc, lead and copper ore attracted attention. ore was shown in town, ground lies about four miles north of central Butte. Development to 200 feet depth expected to prove rich.
Report states work at the Monarch mine near Murray Idaho is progressing rapidly under Archie Allen and a crew drifting the 1400 level. Allan Kennedy of Old Monarch Mining Company arrived in town to observe the activity while other regional market notes and labor union concerns surface in the city.
New York stocks drifted in a narrow range with sporadic advances and declines, rails and copper shares pressured by foreign and domestic price trends, United States Steel the sole notable strength, total volume about 262 000 shares, while wool and bullion markets showed uneven gains and rates moved unevenly.
WETAL MARKER New York June 18 Copper dull Elec tralythe 20 25 820 50 The metal exchange quotes tin quiet at Me bia The metal exchange quotes lead weak offered at Ge Spelter not quoted
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