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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
May 18, 1916
Page
13
York peace rumors hit the stock lists as copper and steel shares led losses while war stocks sagged. Prices swung across familiar names, with notable moves in Anaconda, Butte, Ontario and Mexico related issues as investors weighed uncertainty and profit taking amid war sentiment.
The Anaconda Copper Mining Company reports a strong safety performance for the year ending March 31 1916. Foreman J McGrath of West Gray Tock mine won the top prize of 750 with J Walker of Mountain View taking 260. Mines High Ore Modre Hell Diamond Tramway Original posted strong competitor records, with 100 000 shifts worked and fewer accidents per 100 000 shifts.
A fragmented historical stock bid page lists firms and locations such as Butte, New York, Caledonia, Douglas, Gertie, and Rocher de Houle. It shows bids or offers in various amounts like 500 and 2,000 with notes like SUBJECT TO CONFIRMATION. The line includes incomplete entries and urges readers to list buying and selling orders.
An analysis argues profits in the current period will fade as widespread securities gains reverse. It notes that manufacturing profits may be underdistributed, while new securities offer a temporary redistribution. The piece warns of an upcoming adjustment in demand and capacity, with cautious views on market sustainability.
Thayer and Kelley were elected directors at the annual stockholders meeting held in Anaconda. Thayer presided. Stivers served as secretary. A total of 1,008,442 1/4 shares were represented out of 2,881,250 outstanding, with a nine member board, three elected annually.
Reports from Armstead indicate a lively rush as claims are extended and a spur to the Gilmore and Pittsburg railroad is built. Copper ore runs from 6 to 12 percent with several thousand feet opened and hundreds of tons in dumps ready to ship. Selway and Dr Hare lead claims with London capital backing another group, all aiming to join the district’s rising production.
Hypotherk Mining plans a demonstration of the new mill and electric hoist at its Pine Creek district site in the Coeur d’Alene region. Ore bodies are uncovered with rich deposits on the 500 700 and 900 foot levels and long ore shoots at 800 feet. Development results on the 1100 level are pending.
A terse note describes the harvesting of commercial tortoise shell or high grade shells along the northwestern coast of Western Australia. The text notes the practice is extremely perilous and widespread in the region, highlighting concerns over exploitation and regional impact.
The 1916 report details 75 cars of ore with copper 278.38 pounds and 17,844 ounces of silver from January to March. It notes a 380 foot vein promising more ore, major ventilation and hoisting upgrades, and plans to install a new double drum hoist to a depth of 1100 feet. April and May are expected to improve.
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