Market quiet as copper stocks lead slow trading day
The stock market posted one of its quietest sessions in months with total sales at 405,800 shares as public participation lagged. Copper stocks showed little change, with Anaconda up a dollar, while others traded near opening prices. several firms reported varied openings and closes across a wide copper stock lineup.
MENTIONED IN THIS ARTICLE
Esterday
Anaconda
Kennecott
Miami
Butte & Superior
American Zinc
Alaska
Utah Copper
Nevada
Greene- Cananea
Granby
Montana Power
Steel
Davis-Daly
East Butte
Tuolumne
North Butte
Butte & London
der and Zinc
Spannell Trial Delayed To Tomorrow In Alpine Case
San Angelo Texas January 15 sparring Spannell trial postponed until 9 oclock tomorrow morning in district court. Defense says witnesses delayed by trains preventing arriving. The defendant faces charges of killing his wife and Lieut Col CM Butler at Alpine last July.
MENTIONED IN THIS ARTICLE
Spannell
San Angelo
Texas
Harry J. Spannell
CM. Butler
Alpine
Cotton Consumed in December and Five Months
Washington reports the Census Bureau data showing cotton consumed during December, excluding linters, at 538,587 running bales. For the five months ending December 31 the total was 2,768,962 bales.
MENTIONED IN THIS ARTICLE
Washington
Sensus Bureau
Barnes-King Reports December Mining Results
The Barnes King company reports for December 1916 a total gold bullion production of 74894.68 dollars, slightly below November. Preparations to resume sinking at the Shannon shaft are under way, with potential for deeper development. Ore milled at Piegan Gloster was 5388 tons, yielding Shannon and Piegan Gloster values, and payments of 14200 dollars will be made under the contract. About 133200 dollars remains due on the Shannon property. North Moccasin yielded 2706 tons and 15738.18 dollars, with average per ton around 5.60 dollars. After expenses, funds toward Shannon debt remain, and the company expects to build a surplus for future use, though dividends remain unlikely until Shannon is paid.
MENTIONED IN THIS ARTICLE
Barnes-King Company
Shannon
Iron Blossom Stays Steady With Regular Dividends and Copper Prospects
Iron Blossom continues its pattern of quarterly dividends at ten cents per share with checks due January 25, while stock trades around 1.20 and yields about 38 percent yearly based on past payments. Reports cite normal ore shipments from upper levels and new copper discoveries at the 1,800 and 1,700 foot levels, suggesting potential expansion and steady production as smelter congestion eases. Local mining men see promise of a large copper mine below 1,600 feet, alongside existing silver, lead, and zinc output in higher levels.
MENTIONED IN THIS ARTICLE
Butte Stock Exchange
Min
Bannock Gold
Barnes-King Black
Boston-Corbin
Butte-Ariform
Butte & Bacorn
Butte-Ballaklava
Butte Copper
Butte
Butte Rocher de Boule Butte
Zenith
Colusa
Helena
Keating
Krap & Am Monitor
Nancy Hawke
National Life
Ohio
Prudential Elk
Tuolumne
Tarbox
Spokane
Wolcott Co
Lauster Bia
Lucky Jim
Monitor
Nabob
National Copper
Paul Rex Consolidated
Rambler-Cariboo
Ray Jefferson
Silver Cable
Stewart É
Beratch Gravelay Money Market
New York
Tron Blossom
Butte District
Holding Corporations Must Pay Their Taxes
The Supreme Court held the federal government may collect large taxes under corporate and income tax laws from holding corporations that lease land royalties. The court ruled these corporations are organized for profit and doing business, making royalties taxable gross income rather than a return of capital.
MENTIONED IN THIS ARTICLE
Washington
Supreme Court
Sargent, Sutton & Kearsarge Land Company
Minneapolis
Wall Street closes higher on light trade
New York trading Tuesday showed only modest gains as market activity remained narrow with about 400000 shares. Gains were concentrated in a few issues like Long Island and United States Steel, while rails were dull. Copper refiners and by products rose with higher quotations and early year orders in copper reported. Bank developments over the weekend boosted speculative sentiment and the bond market firmed on international issues with total sales at par value 5175000. United States bonds were unchanged on call.
MENTIONED IN THIS ARTICLE
New York
Long Island
United States Steel
United States
Dr A H Cole Dentist Office Hours Ahead
Dr A H Cole dentist advertises office hours from 9 a.m. to 8 p.m. at Thomas Block 41 West Park Street with phone 1972 for appointments and inquiries.
MENTIONED IN THIS ARTICLE
A. H. Cole
Thomas Block
West Park Street
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