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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
May 17, 1918
Page
8
Anaconda and United States Steel attracted major attention as markets opened with heavy activity. Profit taking and broad sector moves dominated rest of day with steels leading gains early before slipping back. Baldwin, Bethlehem Steel, and Colorado Fuel showed mixed results amid volatile trading.
Members of the organization express commitment to backing Butte citizens in all ventures, emphasizing shared community interests and solidarity across initiatives.
The report records Anaconda at 71 percent with a 69 percent close, Utah Exchange rising to 87 percent and ending at 844. Inspiration slipped after opening strong, while no Rows hindered a climb. Money market data for May 16 lists bankers' acceptances, bills, and foreign currencies with varied quotes and a mixed government bond scene.
President John D. Ryan outlines Anaconda’s South American projects in Andes Copper Mining and Santiago Mining. Development includes extensive drill work, tunnel driving, and infrastructure to support future production, with 1,500 potential employees and new water, rail, and port works. Santiago Mining seeks control and financing to gain ~80 percent of its stock, while Africana and Lo Aguirre assets are developed for eventual production. Construction of mining and metallurgical works awaits normal conditions.
New York May 16 trading on a massive volume driven by wartime confidence showed broad gains in early trading led by United States Steel and Baldwin Locomotive but an avalanche of selling in the final hour offset much of the earlier buying. The day featured strong activity in munition and war stocks with total sales around 1,775,000 shares and many industrials giving up a portion of earlier gains.
Chicago markets closed with mixed grain and livestock actions as May wheat trades near 1.44 and corn futures hold. Reports say acreage reductions in home counties softened feed and livestock values, while provisions faded in sympathy with grain. Livestock receipts reached 12,000 with hogs and cattle uneven, butter and eggs little changed amid steady dispatches.
Alliance Barnee Kha Hutte and Londons sss Conver face a pivotal clash in Farrel area near Great Butte Grestuil Montana. The event centers on regional tensions and potential shifts in local leadership. Officials urge calm as communities monitor developments.
The High Ore mine of the Anaconda company will shut during the night shift for possibly up to three months to fire proof the shaft with concrete and improve the pumping stem. About 400 men will be affected and reassigned to other company properties as part of broader safety upgrades across the firm.
In wartime France a soldier describes sandbags as indispensable gear. They serve as barricades, trenches, mufflers, wire covers, and even foot warmth. The image of sandbags shielding and carrying water shows how ubiquitous and practical they are in frontline life.
In London a memorial site has been selected within the halls of Parliament to honor 16 members of the House who died in the war. The monument will be erected immediately below the great window on the street side.
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