Davis Daly Mine Uncovers Richest Ore Body Yet
The Davis-Daly company reports a remarkable vein at the 1,400-foot level of the Hesperus vein in the Colorado mine. An 11-foot crosscut shows 32.4 percent copper and about 20 ounces silver, with previous samples at 27 percent copper. Additional ore runs over 30 percent copper, with more than four feet at 10.4 percent copper in the southeast crosscut. Drifted 170 feet on the vein, with 12 percent copper at 4,500 feet. Hoist testing underway to ready heavy work on 2,400 and 2,500 foot levels. The 2,400-foot ore could be worth around $180 per ton, fueling Davis-Daly stock strength.
MENTIONED IN THIS ARTICLE
Colorado
Davis-Daly Company
Butte
Davis- Daly
Wall Street Close Signals Steady Yet Shifting Tone
New York trading opened with persistent pressure across the market. Active shares fell two to six points while a broad tilt lower kept declines in focus. General Motors slid 14 and a half points in three days, Bethlehem Steel lost about 20 points on light trading, and United States Steel briefly held but eased later. Copper remained firm early, then followed the market downward. tin and lead quoted with small changes. spot copper in London noted at £131, with futures around 1127. Butter prices eased amid steady receipts of 7653 cases and unchanged market signals.
MENTIONED IN THIS ARTICLE
New York
General Motors
Bethlehem Steel
United States Steel
St. Paul
Metal Exchange
Spot
East St. Louis Delivery
London
Lena
Prom Paine
Webber & CO
Paine, Webber & Co
Arizona
Submarine rumors rock markets amid fears of U S Germany clash
Reports of renewed German submarine activity shock traders as rumors claim sunk British ships and missing American vessels. Prices swing with copper and steel shares pressured, while traders await clearer news. Analysts note possible large orders, easier money, and a market in purchase mode on drives despite uncertainty.
Copper Market Review Predicts Price Decline Potential
George Walker reports copper demand softening from 26 to 29 cents, with outside market manipulation and producers seeking 30 to 31 cents. Global stocks dwindle but rising output may not curb prices, as consumption and wartime demand press on and buyers postpone purchases to wait for better prices.
MENTIONED IN THIS ARTICLE
George Walker
Walker
Salen
Abe
Ney
Ite
Otter
Germany
Austria
United States
Bern
Hat ‘An
Industria
Portland Livestock Market Report Skews Prices
At Portland Oregon on January 10, hogs steady with receipts 163 and prices from 8.25 to 10.50 for various grades. cattle steady with receipts 31 including prime and choice cuts from 6 to 9.50. sheep and lambs mixed with valley and local grades noted. Heavy hogs and light pigs both shown, lambs priced around 9.75 to 10.50, yearlings 8.75 to 10, ewes 6.75 to 8, rams unlisted.
MENTIONED IN THIS ARTICLE
Portland Livestock
Portland
Ore
Calven
North Butte Dividend Declared for 430000 Shares
North Butte declares a dividend of 0.75 per share on 430000 outstanding shares payable Jan 29 1917 to stockholders of record by close of business Jan 12 1917. Transfer docks will not be closed. R Kennedy secretary treasurer New York Dec 27 1916.
MENTIONED IN THIS ARTICLE
North Butte
R. Kennedy
New York
N. Y
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