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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
May 19, 1914
Page
19
Broad inquiry for stocks was noted in New York on May 1 as the market advanced from last week. Rates for short term loans rose and mercantile discounts were higher, with several major securities and industrials showing varied activity, including United States bonds unchanged and a wide list of industrials and rail names trading with irregularities.
Portland market summary for May 15 through May 18 shows mixed receipts with cattle, hogs, sheep and lambs. Cattle receipts totaled 1,187 with best hay-fed steers at 7.35 to 7.60, corn-fed up to 8.25. hogs 3,300 with tops 8.90 to 8.40. lambs steady to firmly priced with strong mutton and lamb runs, ewes and wethers down slightly. Portland and New York financials noted, with currency and bond activity described and money markets steady.
W. A. Ingalls editor of the Engineering and Mining Journal reviews the Bullwhacker Copper company plant near the Butte and Duluth line. The simple but promising setup will crush ore to mesh, leach with Hendryx agitators, and electrolyze in a four-group tank to yield about two tons of copper daily from 75 to 90 tons of ore.
Chicago markets show wheat lifting within a higher range early, then slipping on longs’ profit taking. Corn declines offset by slight oats gains. cattle and hog receipts influence various sector movements. Copper and lead steady in New York and London trading, with slight shifts in commodity prices.
Minneapolis grain market notes wheat options with May and July futures. No. 1 hard and No. 1 northern bids listed, along with No. 2 northern. Barley and flax prices also indicated, with general market activity on a May session in Minneapolis.
Washington May 18 President Wilson and King Haakon VII of Norway exchanged a cable greeting. Wilson extended sincere felicitations on Norway’s centennial and praised the cordial ties with the United States. Haakon replied thanking the president and noting Norwegians’ loyalty as American subjects while honoring the old mother country.
May 1s final prep work for the upcoming primary is underway in Philadelphia. Democratic gubernatorial contenders Vance C. McCormick, former Harrisburg mayor, and Michael J. Ryan, city official, lead the bitter intra party contest as candidates and supporters marshal resources in pris maries and amid intense campaigning.
Admiral Prince Henry of Prussia, Kaiser’s brother, has invented and patented an electrical device to clean automobile windows in rain or frost. Operated by a button, it aims to reduce foggy day losses, with London fog days costing residents about $25,000 daily in light and gloom.
The Davis Daly Colorado shaft shows sinking at about four feet daily. Men have reached 2100 feet below the collar and aim to reach 2600 feet for crosscutting within four months. Assessments provide funds, and management focuses on sinking and crosscutting until the 2600 level is reached.
Atlanta reports Judge Hill order a grand jury to probe bribery fraud and coercion claims against detectives in Leo Frank case amid warnings that some “famous tide” seekers chase money and notoriety rather than truth. Other items note Capt Joseph Griffiths court martial for embezzlement and desertion, a Darmstadt aviation fatality, and a Castle Rock student killed by a horse after a race.
In Ishville May 18 the Southern Baptist convention passed resolutions opposing a Vatican representative at the U S seat of government and called for a Panama exposition exhibit. Revelstoke British Columbia May 18 a sawmill village burned three and a half million feet of rough lumber. Toronto May 18 Porfirio Diaz Jr son of Mexico’s ex president arrived with Col Antonin del Rio as a Mexican constitutionalist representative.
Norfolk officials report Chief Engineer L Porter died from severe burns after the Old Dominion steamer Jefferson explosion last week. He passes as the eleventh fatality in the incident, marking a high casualty toll for the disaster in Norfolk on May 18.
A $20,000 road building machine tested abroad shows high efficiency and economy. A six cylinder 50 horsepower engine powers four bucket chain tiers that dig soil to 18 inches, mix with binder, and spread asphalt at up to 50 square feet per minute for an eight inch depth. The process is uniform, reducing buckling risk and allows varying road widths by adjusting bucket chains.
Copper supplies rise domestic deliveries surge in March and April as demand improves and farmers' wealth grows. Steel demand strengthens with rail and freight rate talks, amid optimistic European outlook and improved earnings for Butte & Superior. Market notes cite New York and Boston activity, with expectations of wider investment and infrastructure growth to sustain copper and steel prices.
Vincent Astor and his bride sail from New York aboard the yacht Noma after a brief Rhinebeck visit. The pair anchored at Hampton Roads and then moved up the James River, reportedly bound for the West Over estate of Will Wer in Richmond as Astor seeks negotiations.
Washington May 18. The Interstate Commerce Commission found reasonable the refusal of transcontinental railroads to apply equal freight rates to shingles shipped from water-locked mills near Seattle, Wah and from Pacific land terminals.
The Toledo Blane notes Roll Weevil spurred a new industry in Magnolia area. F W Allen, east of Magnolia, built a mill to grind dried sassafras leaves into "file" used in gumbo. Seven barrels totaling about 150 pounds shipped to New Orleans. Leaves gathered in July and August, dried in shade, 300 pounds of green leaves yield 10 pounds meal.
Bank offers four percent interest on savings and time deposit accounts opened from one dollar upward. Open Monday evenings from seven to nine. Bank conducts general banking business.
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