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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
May 30, 1908
Page
5
The North Butte dividend of 1 per share drives overall market strength with copper and related stocks rising. Books close June 16 and dividend payable June 27, after earlier dividend expectations. Traders expect volatility until post convention momentum stabilizes.
Mixed reports from New York and London show treasury balances and banking activity shifting. The London copper market tu rned firmer on some lines while spot and futures for other metals eased. Bank reserves rose slightly against a backdrop of steady sterling exchange and dull to steady money market conditions.
In Butte district court several damages actions against large companies are filed. Thurman seeks 50000 from Pittsburg and Montana Copper for injuries after drilling on a mine sank ground, while a Northern Pacific Railway passenger sues for 1999 after a Chestnut stop and a jump in the dark caused injuries. Other cases seek removal to federal court, note collection, and damages up to 4100 in various claims against railway and mining interests.
Special dispatch from Lewistown reports the Congo Butte Mining company will hold a shareholders meeting June 30 to approve bond issuance funding immediate mill erection. President J M Rae and the board have sought a market for bonds to provide funds, as ore supply has tired and development has been curtailed until ore operation can resume.
The Butte theaters announce a busy week with Hall Caine’s The Bondman featuring Wilton Lackaye in the lead role of Jason. Lulu theater presents the Zinn Musical Comedy company in an indefinite engagement, while the Grand lineup includes the Riva Larsen troupe of acrobats on tour. Also on bill are Stine and Evans with a comedy drama Wanted. 2 Divorce, Nellie Burt’s vaudeville acts, the Apollo quartet, and violinist Bett Shultz at Family theater. Additional acts include Simpson and banjoists, Billy Honey’s comedy, and moving pictures. Francis Wilson returns with When Knights Were Bold, followed by The Rejuvenation of Aunt Mary starring May Robson at Broadway.
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