This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!
This newspaper page contains 9 articles. Subscribers can read the full text of each article.
Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
May 18, 1901
Page
2
New York stock market closes buoyant after a day of strength driven by general business confidence and select stock targets. Traders anticipate a favorable bank statement, with rail and utility shares leading gains as investors expect renewed capital flows and stabilizing prices.
A new Allis-Chalmers consolidation creates one of the largest industrial combinations with a cash capital of 10 million dollars, 2.5 million to fund a new plant. The deal aggregates Edward P. Allis, Fraser & Chalmers, Gates Ironworks and Dickson Manufacturing, with tangible assets valued at about 19.94 million and preferred stock at 16.25 million.
Ver milye & Co. of New York and Boston recommend the preferred stock as a manufacturing investment with confidence in security earnings and management. Subscriptions may be made for $8,400,000 at 105 until close of business on May al. Right reserved to reject subscriptions or close anytime without notice.
Bradstreet's financial review notes a week of varied market activity with a sharp drop in volume and broad liquidation. Public appetite wanes as investors buy selectively on favorable terms, while professional traders support prices after news of a Northern Pacific settlement.
New York traders see renewed tin activity on May 17 as London prices rise fuelled by American strength. Spot tin hovers around 26.90 with futures up about £5 in two weeks, while copper, lead, spelter, and pig iron hold near unchanged levels and silver sits at 50 1/2 cents.
The Commercial Advertiser notes a quiet session with light business and minimal market tone. A £20.66 failure is reported as American shares stay quiet yet firm while New York tracks London's prices ahead of the exchange centenary holiday and Whit Monday.
Money on call at 4 percent to 5 percent for five years. Last loans at 5 percent. Prime mercantile paper at 4 3/4 to 4 7/8 percent. Sterling exchange firm with actual business in bankers' bills at 4.88 for demand and 4.85 for 60 days. Posted rates 4.85 to 4.89. Commercial bills 4.89 4 3/4. Allver certificates 6 0 percent. Mexican dollars 4 3/4 percent. Government bonds weak, state bonds weak, railroad bonds firm.
At Great Falls on May 17 the Montana Sportsmen association state tournament opened with a record crowd. Holohan from Wallace Idaho and J Ward Huse of Benton shared top honors in the day’s events, while the Great Falls team claimed the three man cup and the Benton duo of Huse and Lewis won the two man. Over 60 shooters entered, with events ranging from singles to blue rock championships.
The Allis Fraser Chalmers and Gates Iron Works plants have operated around the clock for years and, due to limited capacity, have declined in available business as much as they could handle.
We want people to find what they are looking for at NewspaperArchive. We are confident that we have the newspapers that will increase the value of your family history or other historical research. With our 7-day free trial, you can view the documents you find for free.
People find the most success using advanced search. Try plugging in keywords, names, dates, and locations, and get matched with results from the entire collection of newspapers at NewspaperArchive!
You can also successfully find newspapers by these browse options. Explore our archives on your own!
Browse by location and discover newspapers from all across the world.
Browse by date and find publications for a specific day or era.
Browse old newspaper publications to find specific newspapers.