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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
May 27, 1915
Page
12
The Nebraskan torpedo incident off Ireland spurred an early market rise that weakened as fears of German retaliation grew. Officials expect possible apologies, yet remain cautious as traders brace for extended weakness. Amalgamated, Anaconda, Utah Copper, and other stocks fluctuated with mixed outcomes amid volatile trading and ongoing war news.
Copper prices hold steady at 18.70% in New York markets as demand from brass mills remains strong and abroad demand is uneven. NY-Montana Power declares regular 1% preferred and 1? common dividend payable July 1 to stockholders of record June 1. Old Dominion Copper Minding and Smelting declares $1.8 dividend per share. A warning notes the Nebraskan torpedoing and possible complications with Germany. Market quotes for copper and lead appear limited and a major Russian steel order is reported.
A historical view argues banks should actively advertise to grow, not hide their services. It cites banks' duties to inform the public about accounts, travelers checks, and credit, noting fear of bashfulness among customers and the ethical shift toward proactive outreach.
The Consolidated Interstate-Callahan Mining Co reports record first quarter earnings at 182286.77 with a 400.2 net surplus and plans ongoing improvements including an aerial tramway to Sunset station. A 7 cent per share social dividend is rumored from New York, as development work continues and ore reserves extend beyond four years.
Anaconda Copper Mining Co seeks permission to develop the Emily vein drifting on 2,000 to 2,200 levels with a raise and winze. Pilot-Butte Mining Co officials were served with notice. Affidavits claim the work will not damage Pilot-Butte property.
Partial list of bids and offers for ore and commodities including amounts for Butte, Alberta, Caledonia, Alameda, Stewart, London, and Montana firms. Mentions buying and selling ore with Stock Brokers LAUZIER WOLCOTT Co in Butte Montana.
The article details the American Zinc Lead and Smelting Company assets including smelters at Caney and Dearing Kansas mines at Carterville Missouri and stakes in the Mascot mine Tennessee and Wisconsin holdings. It notes a modern Hillsboro Illinois smelter built in 1913, earnings potential between 750 thousand and 2 million annually, and the impact of zinc market conditions on profits and stock prospects.
The New York stock market moved largely under war news with a freighter incident near Ireland triggering a cautionary mood. Prices fell and failed to fully recover as investors hesitated to take on new commitments while awaiting Germany's government reply. rails and steel shares showed mixed moves and several copper issues weakened amid irregular trading and low-priced stock selling.
Chicago markets show May wheat plunging to around 1.89 while corn, oats, and hogs move on mixed signals. Traders cite reports of the American steamer Nebraskan torpedoed and weak export sales as reasons for broad price declines. Prices shift, with wheat and corn posting notable moves, and livestock futures steady to higher in late trading.
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