Markets, Mining and Financial News From Europe to Chicago
Reluctance of export interests to follow any advance in prices pressed wheat lower, with December near 1.70% and March 1.65. Corn and oats moved with wheat, while domestic demand and Gulf shipments aided late session strength. New York money markets steady. silver and copper prices mirrored cautious trading as reports from Minneapolis show rising cash wheat activity. Icepick under pillow case leads to divorce filing in Columbus as Garfield Robinson seeks restraining orders amid long troubled marriage.
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Chicago
Commission
Tulope
Gulf of Mexico
Market closes with mixed results amid Savings in copper shares
New York trading opened with a pronounced contraction in volume and variety. Southern Pacific remained a focal point as opinions differed on potential benefits to be gained from its price moves. Copper shares mostly discounted dividends, while Mexican oils and rails aided gains with Reading rising modestly. Total volume reached 14.8 million dollars in par value, and money markets remained steady thoughTreasury cautions about government demands dampened optimism.
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New York
Southern Pacific
Mexican Petroleum
Liberty Group
United States
Shutdown of Greene Cananea Copper Company Hits 2,500 to 3,000 Workers
The Greene Cananea Copper company suspends operations on December 15 due to labor demands, heavy Mexican taxes, and weak copper markets. Some development work will continue with pumps kept running. 2,500 to 3,000 workers expect to lose jobs, while a few mines and the smelter may reopen later.
MENTIONED IN THIS ARTICLE
Greene Cananea Copper Company
Ten Spot oil discovery shakes Lewistown field
Special Dispatch to the Standard reports Lewistown excitement as the Ten Spot flow appears in the Mosby oil field third sand after the site was water only at the upper levels. George M. Fowler bought the property for 15000 including equipment and houses and plans more wells. Oil estimates range from 400 to 1000 barrels, with the new horizon extending across the Charles place area. Fowler, a Butte Mines graduate, is hailed for a remarkable achievement in local oil exploration.
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Gossip From The Brokers Hettbronner Market Review
Inactive opening trading left the market listless with little movement in stock prices. Call money stayed at 7 percent as investors weighed dividends from Utah Copper Ray Consolidated and others while copper showed strength. The Iron Age predicts a strong steel rails year with orders for 30,000 tons from Baltimore Ohio and a $1.2 million value.
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Lauzier-Wolcott Mining and Statistical Department
Washington
Chino
Yada
Utah
U. S. Steel Corporation
Baltimore & Ohio
United States
Livestock market roundup from multiple western cities
Hogs receipts in Spokane and Omaha steady with mixed weights. Beef cattle and sheep markets show steady to higher quotes. In Spokane hogs 206 head. cattle and sheep receipts around 12 and 3 thousand respectively with steady demand. Omaha reports 1000 hogs and 1700 cattle with generally steady to higher prices. top lambs around 11.75 and ewes about 5.40.
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Aise
Alcona
Eet
Ibe
Spokane
Omaha
Mosety
Ife
Elas Fea
Market Report Shows Mixed Hog and Sheep Receipts
An OCR readout notes bids and receipts with hogs around two eighty per cwt and steady demand, receipts for packers near 9,409.06 top pigs, sheep receipts about 11.25 for top native lambs, market described as steady to uneven with varied prices.
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Cesar Eo
Monty
Seal Ealvenge
Buy Strong Dividend Stocks As Markets Wobble Now
Financial circles in the East urge buying leaders with dividends as rates ease and banks strengthen Their advice notes that liquidation has knocked down prices on major issues like U S Steel Northern Pacific General Motors and Anaconda They argue that patient holders will reap profits once the economy steadies and asset values hit bedrock Montana buyers spotlight Anaconda assets including railroads timber coal mines and fertilizer plans with stock around 40 for assets estimated at about 75
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Federal
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Kennecott
Utah
China
Bay and Nevada
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Cerro de Pasco
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Rod and Iron Works
Prohibition Activity Extends 10 Minutes of Mincemeat
A December public safety report details enforcement actions on holiday foods. Federal agents seized mincemeat and brandied cherries from several grocery stores for containing over half a percent alcohol. Investigators note the operation targeted prohibited items and involved multiple parties across regions.
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Fon
Fee
Automobiles in India Glutted with American Cars
Report from Bombay states 900 American motor cars lie unclaimed at Bombay docks. Firms price cuts are common among American car importers while English cars have largely ceased being imported as manufacturers resist lower prices.
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India
London
Bomba
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