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This newspaper page contains 6 articles. Subscribers can read the full text of each article.
Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Oct 06, 1907
Page
6
Market mood remains Weak with notable loan reductions totaling 3.4485 million dollars and a 7.62 million dollar cash outflow. Banks expect continued outward funds pressure with little appetite for operating loans amid uncertain prospects. London to Cairo trade and British currency movements also influence markets, but gains are limited as investors stay cautious.
Chicago market notes a strong wheat advance and firmer prices with mid session demand. Trade in cameos collapses supply as old stock dwindles, making them expensive. jewelers scramble to replenish, citing limited large specimens and rising interest in vintage pieces.
Market watchers report very little movement on copper as dull activity persists in New York and Boston. Traders note modest gains early, but prices fade by session end with losses in cash terms outweighing gains, and weekly totals showing muted transactions across listed copper stocks.
A New York debt collector corners a man at the Hoffman house bar in front of friends. He urges payment of a small debt with a polite prompt, triggering embarrassment and the debtor’s defiant refusal as onlookers react.
A seasoned investor warns copper demand will surge within months as production tightens and prices climb. He highlights the 1901 peak, current declines, and potential for a new wave of gains, urging cautious buying of dividend-paying copper stocks and related equities amid fluctuating markets.
The article lists consolidated and copper stocks such as Amul Gamated, North Butte, Granby, Butte Coultion Anaconda, Osceula, Quincy, Calumet and Arizome, and Osceola amid rising dividends. It notes certain to live substantial earnings growth for firms like Greene-Cananes, Cumber, Ely Vida Consolidated, and Copper.
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