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Newspaper
Prince Rupert Journal
Location
Prince Rupert, British Columbia, Canada
Date
Oct 03, 1916
Page
2
The Saper's Journal notes anxiety over the G T P drydock work near Hays Cove. It questions delays but argues the railway and Dominion Government would not stall large projects. It cautions against street speculation and hopes for swift progress with some interest or other.
The piece notes a turning wave in metal markets Copper, lead and spelter show renewed buying interest Europe starts the upturn Orders for copper for delivery this year and large blocks for next year remove doubt About raw materials Lloyd George pushes for US independence while shell steel orders rise.
The article notes a renewed copper buying wave with 200 to 500 million pounds discussed for delivery in Q4 to Russia Italy and France. Spot prices rise and domestic buyers resume purchases as excess holdings liquidate. Lead and spelter show gains while ore producers in the Midwest anticipate renewed prosperity despite uncertain futures for antimony tungsten aluminum and quicksilver.
Sir Thomas Shaughnessy predicts Russia trade growth after the war and emphasizes Pacific coast ports, with Prince Rupert Vancouver and Victoria gaining importance as C P R hubs.
Skeena Land District announces applications by James Mc Nulty of Prince Rupert and Austin Brown of Victoria to prospect for coal and petroleum on Graham Island near West River. Describes starting posts and boundary lines with dates of notice July 19 1916.
Austin Brown of Victoria B C and George D Tite of Prince Rupert apply to prospect for coal and petroleum on West Coast Graham Island near West River and on River south of C L 9 871. Each notice lists 80 chain boundaries and date July 19 1916.
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