Stocks Hold Steady as Copper Shares Edge Higher
Market notes steady gains in copper and zinc despite some declines. Copper prices for next year’s quarters rise while western spelter for December delivery climbs. several miners report dividends and higher outlooks. Trading slows with New York stock turnover under a million shares as investors gauge metals sector strength.
MENTIONED IN THIS ARTICLE
Conta
China
Mecott
Miami
Greene-Cananes
Alaska Gold
Butte & London
Butte Fund
Dig Sport
East Butte
Butte
New York
Wall Street guesses top of rally as money pours in
Banks oppose short term treasury notes for allies while Britain stalls on new financing. Two leading New York brokerage firms reportedly out of stock and selling, signaling a sharp gain have peaked. Investors optimistic roam the streets as prosperity rumor floods the market and prices fail to hold after a big rise.
MENTIONED IN THIS ARTICLE
Treasury
Great Britain
New York Globe
Wall Street
Copper production costs rise sharply with wage increases
The cost of producing copper has climbed from about 10 to 12 and 18 cents per pound, driven by wage hikes and extended labor agreements. In Montana and other western districts costs rose 80 percent over normal, with labor composing 60 to 78 percent of the increase. Supplies like powder, fuel oil and timber also surged, while tools and drills showed the largest jumps up to 200 percent.
MENTIONED IN THIS ARTICLE
Montana
Pittsmont Mine Output For November
The Pittsmont smelter of East Butte Mining reports November copper production at 1,648,040 pounds and silver at 81,620 ounces. Despite similar output to October, profits rose due to higher copper and silver prices. Year to date copper production totals 17,101,640 pounds across months January to November.
MENTIONED IN THIS ARTICLE
Pittamont
East Butte Mining Company
East Butte
Shipments Rise as Iron Blossom Posts October Tonnage
Iron Blossom shipped 106 cars of ore in October the largest since May when 107 cars were sent. The May Day Mining and Milling Co has about 30000 in cash reserves. Tintic Utah firm shipped six cars in September and four in early October. Also advertises cash for used furniture and old items as credit.
MENTIONED IN THIS ARTICLE
Iron Blossom
May Day Mining and ‘Milling Company
Tintic
Utah
November Copper Output Declines at Anaconda Mills
The Anaconda company reports November copper production at Washoe and Great Falls ameters totaling 26,500,000 pounds, down 6,000 tons from prior estimates as ore freezing disrupted melting operations. The 1916 annual production by month follows this trend.
MENTIONED IN THIS ARTICLE
Washoe
Great Falls
Anaconda Company
Tuolumne Strike Dominates Butte Mining Markets
Tuolumne led a surge in Butte stock amid a major ore strike at the Butte Main Range property. Experts inspected the underground find, dealers hiked Tuolumne shares from 1 to 1.50 while Colusa-Leonard and Butte Main Range stocks also rose, as crosscut plans surfaced and officials discussed ownership implications.
MENTIONED IN THIS ARTICLE
Butte
Tuolmne
Butte Main Range
Tuolumne
Boston
Eastern Exchange
McDowell
New York
Coluga-Leonard
Colusa-Leonard
Butts Main Range
M Urally
Butte-Main Range
Rise in dividend of Chino expected pushes stock higher
The Chino Copper outlook hinges on a possible extra dividend of about $1 a share at the directors meeting, with a current regular dividend of $1.25. October production rose, a September high of 7,297,204 pounds was produced, and annual output nears 88 million pounds. Stock may reach 76 to 80 a share if dividends rise while the firm holds strong working capital, including several million dollars in cash. Copper, tin, lead, and spelter markets show varied activity in New York and London.
MENTIONED IN THIS ARTICLE
China
Stock Orders Excluded in Markets Await Confirmation
A fragment notes stock orders excluded from markets with language that they will buy pending confirmation, but details remain unclear and sources are incomplete. The brief mentions WV markets and an entity or instruction marked Ald, with no specific dates or figures.
Chicago Markets Rise on Wheat Advance and Export Demand
Chicago reports show active buying pushing wheat higher with May at 1.76 and July 1.46 as President Wilcox opposition to food embargo rumored. Corn and oats gain, hogs arrivals fall West, and domestic call improves export demand. Prices and quotes span wheat, corn, oats, rye, barley, and livestock figures across Chicago and Minneapolis markets.
MENTIONED IN THIS ARTICLE
Chicago
Rignera
Wilco
Seaboard
Minneapolis
Northern
Montana
Lowe
Copper price surge alarms investors in 1900s era markets
The Boston News Bureau reports major authorities including John D. Ryan of Phelps Dodge fearing further copper price rises. Domestic demand tied to wartime readiness and trade use adds pressure, with England France and Russia needing large copper stocks. Stocks like Anaconda and Chino hit record highs as profits and dividends surge, recalling Amalgamated Copper's 17 year old rise from 30 cents.
MENTIONED IN THIS ARTICLE
John D. Ryan
Phelps Dodge
Boston
England
France
Russia
Anaconda
Utah
Chino
Bay
Henry H. Rogers
William Rockefeller
Great Amalgamated Copper Combine
Lindsay v Hogan case set for bench trial in January
In the suit by John Lindsay against P Hogan administrator for 250 attorney fees a jury trial was waived and the case moved to January to be heard by the equity court judge McClernan vacated the prior jury setting. The matter is on appeal from the Justice court. Beautiful hand painted plates free for Mayer's. Men's chains priced from $1 upward.
MENTIONED IN THIS ARTICLE
John Lindsay
P. Hogan
McClernan
Equity
Justice Court
Also Mentioned on This Page
Butte & Superior
Epetter
Mary's
Champion Copper Company
S. Dominion
Paine, Webber & Co
Old Dominion
Utah Copper
Thureday
Heilbronner Co
Hutton & Co
Wilson
Pittsmont
Kelly & Alton
East Park Street
McCarthy
the Heilbronner Co
Rey Barnes
King Butte
Bacorn
Bi Creek Butte
Big Ledge
Daviee Daly Douglas
Howe Sound
Highland Surprise
Nabob Success
Ation
Alaska
Juneau
Bui
London
Arizona
Cedar Creek
Great Butte
Metal Exchange
East St Louis
Helena
Eyting
Ny Hanks
North Butte
Onto Keating
Banneck
Phot Butte
Pruden
Elk ‘Ganin
Rainbow
Ato
Lauzier-Welcott Co
Broadway
Butte, Mont
Alamoo
Barnes-King
Butte & Bacorn
Butte & Bullwhack
Western Mentees National Bank
Timothy
Mayer's
Yegen Brothers
Bankers
Colusa-Leonard Ex
Davis-Daly
Independence
Butte &Bullwhacke
Boston & Montana
Detroit
Butte & Zenith
Ivanhoe
Oatman
Will Sedd
Tarbox
Tuolumne Highland
Colusa-Leonard’ ix
Davia-Dalys
Nabob
Tamarack Independence
Bullwhacker
Butte & Zentt North Butte Dev
Idaho-Montana. Investment CO
West Granite
Mining Brokers
Honda
East Park Avenue
Davis- Daly and Tuolumne
Butte , London
Butte & Bullwhacker
Silver Bow National Bank
West Park Street
John MacGinniss
A. J. Bennett
Christie Pissot
Alsamb
Zephin Job
D. J. Fite
North Main
Daly Bank and Trust Company of
General Banking
Fables
J. Kelly
John Bryane Rae
Iw. Pace
Ansineane
First National Bank of Butte
United States Depository
Andrew 3
Davis
Ww. A. Clark
Ross Clark
A.clark & Brother Bankers
Alex. J. Johnston
Anaconda Copper Mining Company
Bonner
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