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Anaconda Standard in Anaconda, Montana

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Newspaper

Anaconda Standard

Location

Anaconda, Montana, United States of America

Date

May 20, 1915

Page

12

Four Dollars a Day Assured This Month

Copper wage scales for Butte district set at four dollars per day for May with prices recorded for the first 12 days and estimates for the rest of the month. Market notes indicate a flat copper market with large sellers holding at 18 1 2 to 18 3 4 cents per pound and ongoing shipments and contracts extending into 1917.

Butte Ompamice Butte & Superior Anaconda Company Sasgoanis Cisne Issom Ean Eetkendesate Hagneering and Stains Journal Sys Lusitania Archangel Great Britain Sweden Canada Taly France Turner Chile Pert Japan

Need of Mining Exchange to Encourage Investments

The Butte Chamber of Commerce seeks to reorganize the Butte Mining Exchange to assist regional mining development. A well managed exchange would attract capital from eastern financiers, back local projects, and keep mining funds within Montana and Idaho, boosting district prosperity.

Butte Chamber of Commerce Butte District Chamber of Commerce Ingen Salt Lake Ming West Exchange Butte Montana Idado Butte Mining Spokane Kane Helena Hutte Duluth Elkhorn Butte Exchange Poston New York Gistriet

Boston & Montana Makes A Good Strike

Telegram to President W. R. Allen reports in the Klkhorn District an 1,808 foot cross vein discovery with visible lier in layers and tunnel-like appearance. Water drainage and timbering are noted as ground requires. This marks a notable development for the Boston & Montana Development Company.

W. R. Allen Boston & Montana Development Company Klkhorn Iver

Morning Mine Completes Underground Compressor Installation

The Federal Mining and Smelting Co reports the underground compressor unit at the No 6 tunnel level of the Morning mine is installed and ready for operation once Thompson Falls power is diverted. The Ingersoll Rand unit delivers 2,500 cu ft per minute at 465 horse, enabling greater efficiency and savings at both the Hunter and Morning mills.

Federal Mining and Smeltins Company Thompson Falls Hunter Morning

Butte Prosperity Boost From Higher Copper Wages

The prosperity of Butte rises with copper prices at 4 dollars per day for miners. About 10,000 men will average 100 dollars monthly for 25 days, totaling roughly 1 million dollars in wages this month. Payrolls across the district may reach 1.5 million, with an extra 75 thousand dollars added versus April.

Butte

Zinc Stocks Rise While Copper Softens On Spelter Gains

The market shows strength in zinc with Butte & Superior and American Zinc advancing after a surge in spelter prices. Reports of large sales at 19 and 20 cents spurred activity while copper remains pressured amid mixed domestic and international signals.

Butte & Superior Americana Butte & "Superior American Zinc Butte Paine, Weaver & Co Alana Gold Algoman Amlouee Say Butte & Superior Hutte & Baltaklava Calumet Arizona Calumet Chino Daly West Ear Butte Franklin Granby Greene Cananen Hancock Hedley Inspiration Copper Indiana Isle Royale Lake Ka Salle Mason Valley Michigan St Mary Us Seite Company Santa Fe Shannon Hattuck Bu Rier Copper Shoe Ey Wee Tamarack Trinity Tuolumne Utah Consolidated Ug. Fy Utah Apex US Victoria Winona Io Wolverine Wyandotte

Copper Stocks Firm as Refinery Stocks Drop to 30,000

Copper stocks at refinery points have fallen to about 30,000 pounds with total refined stock at 106,000,000 pounds as of the latest MYA report. Lake copper makes up about 24 percent of holdings while electrolyte copper remains priced around 19 cents per pound. Demand for lake copper has surged this year and brass mills run at full capacity amid a curtailment policy adopted by most producers last August.

Copper Producers ™ Association Michigan

Mines near Salmon producing wealth

Miner Emerson Hill of Salmon Idaho with Henry Miller sheriff of Lemhi county and Harry Kelly visited Butte, noting strong mining activity in Salmon and Lemhi. He reported big strikes at Musgrove and nearby mines, dredging at Bohannon bar, and high grade ore at U P and Fellow Jacket, predicting a prolonged prosperous period despite no boom.

Emerson Beaverhead Salmon Idaho Henry Miller Lembi County Harry Kelly Butte Mr Hill Madisonounty Hill Madison Montana Beaverhead County Red Rock Madison County Lemht County Shoup Musgrove Ulysses Bohannan Bar U-P Lem White

Wall Street Close and Market Snapshot May Day Trading

Wall Street opened modestly higher but soon eroded gains as trading remained listless amid international cues. The market displayed broad but weak action with few standout movers, while foreign exchange stayed feverish and the local bond market held steady aside from Wabash weaknesses and copper and mining shares slight shifts.

New York Wdon London Ottawa Sinich

Silver Cable mine tops Coeur d'Alene prospects

The Silver Cable mine near Burke leads Coeur d'Alene district prospects as drift work on a recent cross cut advances the vein but footwall remains unseen. Shares rise amid talk of soon paying dividends after a celebrated strike boosts investor confidence. Nearby Ramshorn gulch’s Childers and Clack property was bonded for about 400,000, featuring a vast porphyry dyke with ore bodies estimated 3,000 by 200 feet and rising 225 feet. samples show high grade oxide ore averaging near 4 per ton and free milling properties.-

Burke Coeur d'Alene The Con Peay Eich Maden Eounty Childers & 1 Clack Ramshorn Gulch

Also Mentioned on This Page

the Banking Corporation Anaconda Copper Mining Company Bonner, Montana Boston & Montana In Are Has Mediate Bepc Mariet Prom Paine, Wemmer Anaconda Nicholas PF. Brady J. Horace Harding Andrew J. Miller Rome Pritapurg Narary Tron Trade Review New York—american Herald inter= Huston PROM Heilbronner Company B. F. Hutton & Co Maly Finley, Barrel & Co Sharp Harris, Winthrop & Co Chapin & Co Thomson McKinnon Germany Hentpronner Company Bucharest Rumania Italy Austria Transylvania Dow Jones & Co American Zinc, Lead Inter Iediate Spelter Moston Metal Market Vience Devis-Daly Helvetta Kewanas Kerr ‘Lake Oro Keweenaw Mckinley-Darragh Iy Low Tiger Cornella Virginia Nevada Douglas Ncross Ophir i Sierra Nevada United Pront Union Riker-Hegeman Res Ath Hetmont Boston Alam Gipsy Queen Stewart Nimater West End Pittsburg Metal Exchange Ny A Mere Wall Street Close Alaska American Sugar Refining American Telephone Teegraph American Tobacco Anaconda Mining Atehiaon Oe Itimore Ole Secescion Brooklyn Alifornia Petroleum Canadian Pacific ‘Leather Ee Oi Distilers Securities Erle General Electric Great Northern Guegenhelm Tiiiola Central Se Materborough Jpication International Harvester Kansas Mexican Petroleum Miau Ai Copper Missouri, Kansas & Texas Mimcourt Pacife Montana Power Bircuit Canal Vada Copper Pennsylvania Pullman Palace Kay Comer Tennessee Copper Texas’ Company Union Pacife United State Steel Go Utah Colorado Point Aisi Geend Central Mamenotha OP ‘Onio Copper Prince Coneotia Lin 1S Sioux Consolidated Wey Swansea Unc ‘Sant Consolidated Daly Bank and First National Bank of Butte A. Clark Ross Clark W. A. Clark & Brother Bankers Retabiahice 37 Asmer Afra Miners Savings Bank and Trust Co West Park Street Eserve Heeber Silver Bow National Bank Western Montana National Bank Old and Exchange Bell
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