Markets Lower on Copper and Steel Stock Pressure
Market activity shows copper and steel shares slipping amid fears of wartime trade disruptions and submarine threats. Anaconda and Utah Copper moved within narrow ranges while other metals like Butte & Superior, Alaska Gold, and Kennecott fluctuated with mixed signals. sales exceeded a million dollars, and analysts noted pressure from large interests to hold prices down despite ongoing demand.
MENTIONED IN THIS ARTICLE
Butte & Superior
Alaska Gold
Kennecott
Miami
Nevada
Granby
Montana Power
Steel
Utah Copper
New York Exchange
Butte Copper
Ad Zinc
East Butte
London
North Butte
Mumford
Commonwealth Trust Company
Poston
Kes
Copper market warned of reckless buying risk
The Engineering and Mining Journal warns that copper demand has surged as production ahead is largely sold. It cautions that purchases by allied governments for 1917 deliveries may exceed actual needs, risking a market equilibrium shift as producers and buyers adjust, with potential for a supply gap later.
MENTIONED IN THIS ARTICLE
Mente
Europe
Britain
France
Butte and Superior Mining Update November Output
The Butte and Superior Mining Company reports November ore mining at 54,312 tons and 63,880 tons in the same month with 14,300 tons of concentrates. Concentrates assay 53 percent zinc with 93.7 percent recoveries, totaling zinc in concentrates around 15,158,000 pounds. October ore mined 64,450 tons at 62.72 percent zinc and 92.6 percent recoveries, with October zinc in concentrates about 16,694,000 pounds. November shows stronger performance despite one fewer day, election day, and Thanksgiving. Silver production nearly 212,000 ounces, with silver above 76 cents per ounce aiding profits. No. 3 shaft reached 1,500 feet. equipment delays push ore hoisting into near term. Rising shafts and machinery arrivals loom as key for milestones.
MENTIONED IN THIS ARTICLE
Butte & Superior Mining Company
Butte & Superior Company
Shelter
Black Rock
Local Stock Review Shows Some Gains This Week
A weekly review notes gains in local stocks with Butte & London and Colusa vein prospecting. East Caledonia and Tarbox assessments delinquent dates listed while the crosscut at Butte Main Range extends toward the Spread Delight vein. Surface work at Columna Leonard progresses, Tuolane mine production up 40 percent, Davis Daly engine installation, and Calumet shaft nearing 600-foot station. Prudential Elk Basin and Scratch Gravel shipments rise. Greybull Lavina wells show encouraging progress. stock demand remains strong with multiple projects in progress or planned.
MENTIONED IN THIS ARTICLE
Butte Public Stock —Exchange
Butte & London Company
Colusa
East Caledonia
Alam
United States Supreme Court
Spread Delight
Coluna-Leonard
Tuolane
Davis-Daly
Calumet
Great Butte Copper Company
Tutte & Great Palls
Caledonia
Prudential
Sugar Prices and Varieties Listed in Market Report
Raw sugar at $5.64 per 100 pounds with steady demand, molasses at $4.77, refined sugar steady, cut leaf $8.65, crushed $8.50, mould A $8, cubes $38.00 per hundred? powdered $7.65 to $7.60, fine granulated $7.40, confectioners’ sugar cited, broad price notes across varieties.
Stock Exchange Record of Buys and Sells Listed
The notice shows multiple buy orders and sell offers for various stocks and locations. Nabob Lane, Tarbox, Tuolumne, Highland, Carney, Independence, Butte & London, Snowstorm, Colusa Leonard, North Butte, Big Ledge, Scratch Gravel and others appear with specific quantities. The text invites listing buys and sells and mentions quick service.
MENTIONED IN THIS ARTICLE
Davis-Daly
Highland
Independence
Butte & London
Caledonia
North Butte
Ray Jefferson
Success
Big Ledge
Butte New York
Wall Street Closes Higher Amid War-Era Liquidity Shock
Call money jumped to 15 percent the highest in over three years amid war timing fears. Market activity showed a temporary flurry as new funds from Canada and Russia were anticipated, boosting prospects for next bank statements. Stocks firmed in afternoon trading with renewed demand for rails and metals, pushing prices up to multi-point gains in several issues.
MENTIONED IN THIS ARTICLE
New York
Call
Canada
Russia
Pacific Coast
Columbia Gas
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Norning
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Uxt
Tare
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Archrietign
H. F. Pissot
A.J. Wicomb
Zephia Job
D. J. Fitanoraid
Daly Bank and Trust Company of
Eetapaned 18K Incorporated
9 Capital and Sa
First National Bank of Butte
United States
Miners Savings Bank and Trust Company
eDowell
J. Te Carroll
Thomas
Bey Kemper
David J. Enarios
W. da Renick
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Yon
David Maule
Davia
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Fanier
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W. A. Clark & Brother Bankers
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Anaconda Copper Mining Company
Bonner
Montana
Cota
Mission
North Main
Securitie, Review
York
City
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