Peace Plans Trigger Stock Market Crash Fallout
The stock market plunged after Germany proposed peace terms to neutrals, triggering massive selloffs and margin calls. Local stocks showed resilience as some buyers and eastern firms stepped in, but many major issues fell sharply with Anaconda and copper shares sliding. Brokers warned of further declines if Allied responses faltered, while bargain seekers anticipated a rebound amid speculation of a broader post slump recovery.
MENTIONED IN THIS ARTICLE
Germany
Treasury
Toulumne
Colusa-Leonard
Butte Main Range
Davie
Sti Butte & Superior
Supreme Court
Butte and London Near Finish Amid Development Talks
Crosscutting at the 1600 to 1001 level proceeds with completion projected by month end. Rainbow Development will gain 51 percent of Butte and London stock to reimburse sinking and crosscutting costs, with further work paused until North Butte completes its adjacent development.
MENTIONED IN THIS ARTICLE
Rainbow’ Development Company
Butte & London
Rainbow Company
North Butte Company
e-Rainbow Company
Butte & Lon- Gon
Eng
Drift Work Begins in Tuolumne Strike at Sinbad Shaft
Drifting work started in earnest at the Sinbad shaft on the Butte Main Range property with sets in both directions. Development to advance the vein will be rushed, crosscutting to the line expected soon, and managers anticipate another big vein before crosscut completion as Tuolumne stock holds firm amid eastern market slumps. Grain market reports note wheat prices tumbling on peace talk, with oats also dropping and a close lower by several cents.
MENTIONED IN THIS ARTICLE
Sinbad
Butte Main Range
Tnd
POLIS
Auinneapolis
Tecelote
Commodity price and grain market table fragment
Readable data show mixed quotes for corn, durum, oats, flax and rye with prices ranging from $1.16 to $2.84 per bushel. Unclear shipments and barrel counts accompany notes such as Montana sources and regional grain grades No. 2 and No. 3.
MENTIONED IN THIS ARTICLE
Los
Miami May Increase Its Regular Dividend
A Boston wire reports Miami Copper company expects a raise from six dollars to an annual dividend next month as directors plan the first payout of 1917. The proposed dividend would be conservative against earnings, while the 21 day production period showed higher output than the prior October record of 5,088,168 pounds.
MENTIONED IN THIS ARTICLE
Hellbronner Company
Boston
Miami
Miami Copper Company
Wall Street Sees Convulsion on Peace News
New York December 12 stocks plunged as word of central powers peace negotiations spread causing heavy selling. Bethlehem Steel plummeted 27 points and total volume reached 2.6 million shares, the largest since December 1914. Despite the drift, some gains appeared as unions paid extra or declared dividends, while bonds and money markets showed weakness and copper and iron markets remained unsettled amid mixed international prices.
MENTIONED IN THIS ARTICLE
New York
Central Powers
Bethlehem Steel
United States Steel
Westin Union Telegraph Company
Allis-Chatmera Company
United
Butte Stock Exchange
Bia
Boston & Corbin
Boston & Monvane
NEW York Stock List
Butte & Arizona
Utte & Bacort
Butte-Baltak
America Car and Foundry
Hutte-Bullwhack O
American Sugar Refining
Hutte-Detroit
Butte & Elyise
American Smelt & Refining
Hutte-Coeat Falls
American Tel & Tel
Butte-Monitor
Butte
Atchison
Butte-R. de Boyle
Baldwin
Baltimore
Ohio
Butte-Zonith
Aledonia
Butte & Su
Brooklyn Rapid Transits
Aay of
Leon
California
Coto
Canadian Pacific
Davis
General Leather Douglas
Ong
Hutte Ten
Chesapeake & Ohio”!ag It Caledonia
Chicago, Mil, & St. Paul and
Elk Basin
Chicago & ‘Orthwestern
Sags Ai
Chicago, RK
Louieville &Nashville
Miami Copper
Missouri
Kansas
Missouri’ Pacific
Boston
Montana Power
Paine, Webber & Co
Nevada Copper
New York Central Ie
Bing! Atines
N.yn. WH & Hartford
Arizona
Coppermines Vortes
Davi Daly
Onontago
Ray Herout
South Westain
Stewart
Tonopah Tei
al ‘Do
Nevada Mtn
War Stocks Warn of Crash After Peace Settlement
Idaho Montana Investment warns readers that war stocks are weak and may crash once peace settlement arrives. The letter suggests large exchanges may suspend to avert panic, urging investors to play the short side for protection and profit.
MENTIONED IN THIS ARTICLE
Idaho-Montana _ Investment company
Europe
Also Mentioned on This Page
Anaconda
Butte & Superior
China
Utah
Milam
Kennecott
Nevada
Alaska
Davis-Daly
Tuolumne
Butte Copper and Zinc
Fast Butte
Greene-Cananea
Tome
Heilbronner Co
Heilbronner
Wall Street Close
Metal Exchange
London
Standard
Seattle
Mayer's
Epee PT Rep
Iron & Steel
Shattuck
Arizona Copper
Southern Pacific
Southern Railway
Studebaker Company
Texas Company
Union Pacifec
Union Pacific,ptd
U.S. Industrial Aidhi
Utah Copper
Wabash
Western Union Co
Hoilbronner Company
Alameda
Bosto & dMontan
Haklava
Butte London
Butte-New York
Caledonia
Conwol
South Lake
Suiccens Ae
United Verde
Ahmeeki
Algomah
Alaska Goldway
Butte-Ballaklava
Calum
Ikon
Calumet & Hecla
Chine
Hutte
Gow Ring
Nipissing
Arcadian Oyrth Hutte Oy
North Lake
Old Colony
Dominion
Pond
Shannon
Sty's
Superior
Superior Copper
South Lake South Utah
Trinity
United Shoe Ms
Spokane
Lausier-Wolcott Co
Amer
Cattedon O
Carbonate Hill
Copper King
Matt Wy
Idora Han
Independence
Inter
Callahan
Intermountain
Seal
Cariboo
Lauzier-Welcott Co. Stock Brokers
East Broadway
Butte, Mont
Bute & On
York
Baye & Great Falls
Colten-Leas Rd
Vonnte Hl
Honaniea Butte
Baniin
Corp
Barnes-King
Butte & Acorn
Weney
Ry A . Ss Banking Club
Yegen Brothers, Bankers
Silver Bow National Bank
West Park Street
Ted Macainnien
Rennets ‘Christe
Piast
AJ. Renta
Tn Job
Anaconda Copper Mining Company
Bonner
Montana
Idaho-Montana
Granite
Park Avenue
Daly Bank and Trust Company of
Incorporated
It Capital and
Buro
Charles J. Emlly
D. Ryan, Peawekbon
Sasmiant
First National Bank of Butte
United States
Miners Savings Bank’ and Trust Company
Surplis
Ned Ste Carron
A Bewsen
Thomae
Reephere
David J Charles
Wo L. Rentek
Te Benson
David Maule
Pavia J. Charles
Mauls
Fenson
Caanier
Roberta
Clark
W.A. Clark & Brother Bankers
Auer
J. Johnston
Inietur
Brocks
North Main
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