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Newspaper
Daily Inter Mountain
Location
Butte, Montana, United States of America
Date
Jul 11, 1899
Page
3
Little movement in copper shares today with advices from Butte offering cautious optimism for speculators. Trading quotes show Boston & Montana at 258, Butte & Boston 81 1/2, Parrot 53, Utah Con 43 1/4, Mohawk 62 1/2, Osceola 87 1/2, Tamarack 210 bid 220 asked.
Copper holders seek 18 cents for February, but demand remains tepid yet confident with producers limiting sales. Europe buys steadily, June stocks show a drop, and London futures stay steady around £77. Copper forms across ingots, cathodes, and casting remain firm with widespread demand and long term market expectations.
Boston News Bureau reports expected extra dividends for Amalgamated, starting this fall at 2 percent quarterly. Anaconda remains the main asset, with shares of other mining firms. A potential exchange of three Amalgamated shares for five Anaconda shares is discussed, with Amalgamated priced near 60 per share and Anaconda around 65.
A Watson Gibson review on Mexico's future and J P Morgan driven debt refunding. It notes silver mining declines as old veins exhaust, with mining shifting to gold and base metals. A silver price rise could revive Mexican silver mining, while opening China to commerce spurs demand for silver and modern industry.
The article argues for renewed free coinage of silver in India as a remedy for financial distress caused by an autocratic standard. It notes demands to expand subsidiary coinage in France Belgium Italy and Switzerland where small silver coins have diminished. It also predicts greater silver use in the United States for arts amid current prosperity.
In district court the Thornton Thomas Mercantile Co. seeks 22050 damages from George P. Bretherton and Mattie A. Thomas executrix. It alleges an October 6 1808 court order appointed receiver E H Hubbard, who unlawfully took control and sold stock worth 7800, wrecking a business earning over 200 monthly profit with 15000 in bills. The firm also cites 1060 in fighting costs and 21000 in other damages, while the Bennetts estate inventory valued at 684. Cribben Sexton sue A Binnard and others for 1222.77 on a January 1 1808 note. Mary Curtis’s mental exam follows a disturbance arrest at the courthouse.
The Elks of the state plan a reunion in Helena next Saturday with Hilver Bowledge leading a large delegation aboard a special train arranged by committee on transportation head F Aug Heinze. A baseball game between Silver Bow and Helena lodge members is planned, with an open air social in Central Park likely, bringing optimism for a pleasant Butte Elks outing.
Nelson Story Jr of Bozeman is in the city today. Mrs D W Haskell and sister from Tacoma Washington are here. Judge Shropshire and family camping on the South Boulder visited and will return tonight. State Senator W A Clark returned from Red Lodge and heads to Madison county. H L Hughes of Basin Progress will sell interests and move to Spokane to run a weekly paper. Major L H French of Griggsby’s Rough Riders is in town on private business. Charles Read of Salt Lake visits Butte, impressed by mining camp growth. Henry Knippenberg of Hecla Consolidated Mining resigns to Sep 1 and moves to Indianapolis. Dr Leo Hagenburger resumes practice at 48 West Park.
In Butte, Patrick Murphy and Dina O'Brien married at St Patrick's Church this morning with Rev Father Gallahan officiating. The bride was given by Minadulla Haley and the groom by Daniel O'Brien. They left for Salt Lake on a wedding trip and will reside at 241 Crystal Street upon return. Centennial beer suggested as cooling purchase for residents, though text notes doctor bills and vacation limits due to local conditions.
Four days remain until the Tint{} German picnic and turnfest at Gregson Springs on Sunday July 16. The event features an extensive program of games and amusements, some new, crafted by Instructor Fager from Milwaukee, plus a concert and dance. Round trip fare is $1.00 with buses leaving at 10 a.m., 1:05 p.m., and 4:45 p.m. from Go. Use Gebo Coal. J Q Goss Ir, State agent. 32 Silver Bow Black. Tel 267.
The Anaconda Copper Mining company and Colusa Parrot Copper Mining open testimony before Special Master R L Clin ton in a long trial on vein ownership. Attorneys from Dixon Scallon Denver and Wellcome Roote Butte Helena lead the case with experts Janin and King expected to testify.
Washington July 11 All cabinet members attended the session. To replenish Cuba stock Trev of duty titty head of breeding cattle was admitted. Secretary Alger reported General Otis at Manila cabled there was no need to ship cavalry horses from the United States. The meeting covered miscellaneous matters.
Kentucky Republicans in Lexington prepare for the state convention with July 11 remarks. Attorney General Taylor claims broad pledged votes to nominate him for governor while Colonel Stone and Judge Pratt admit minority status yet pursue Taylor’s defeat more than personal nomination.
Chicago on July 11 both Dan Coughlin and his bartender William Armstrong failed to appear when their cases for jury bribing were called. Bonds set at 20000 dollars each were declared forfeit.
Chicago July 11 receipts show 20,000 cattle with mixed grades and prices from 4.00 to 4.18 for heavies and 3.00 to 4.16 for rough heavies. Beeves average around 4.80 to 5.90, stockers and feeders at 4.90, sheep 6,000 steady with lambs 4.50 to 6.90.
A meeting of the Jerry Creek Fiume stockholders will be held Monday the 24th at 3 p m at the First National Bank in Butte to elect trustees and conduct business. Also a District Court notice sets hearing for partial distribution of Patrick A Largey estate on July 7 at 2 o'clock in room 1, with publication in Daily Inter Mountain for two weeks.
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