Bears Roar Through Stocks Hit By Heavy Liquidation
The market suffered a panic driven session with Amalgamated down to 77% and Butte metals tumbling. Washington bailout rumors and Taft policy expectations failed to aid prices as traders faced broad selling and bear raids.
MENTIONED IN THIS ARTICLE
Butte Coppers
Amalgamated
Anaconda
Butte Coalition
North Butte
Greene-Cananea
East Butte
Giroux
Sty
Calumet & Arizona
Utah
Washington
Paine
Shorts
Butte
Chapin
Chicago
Mining potential surges as Idaho offshoots expand tunnels
Development on Carney Copper near Mullan Idaho accelerates with No 2 tunnel now about 1 090 feet long at 550 feet vertical depth and 210 feet on No 1 level. Ore bodies show strong chalcopyrite and carbonate signs as water flow indicates nearby veins. Other notes report Wild Rose group drift nearing 750 feet and Agnes mine extending tunnel No 3 toward a shipping ore body.
MENTIONED IN THIS ARTICLE
Spokane
Wash
Carney Copper Company, Limited
Mullan
Idaho
J. L. Martin
Martin
No. 1
No. 2
George 3. Bailey
Ozark Mining Company
Pierce City
Wild Rose
Coeur d'Alene
Republic Mines Corporation
Harper
Lone Pine
Pearl
Agnes
Saltese
Mont
Pine Creek
Liston
Big Creek
Wardner
Wallace
New York Stocks Edge Lower on Uncertainty in London
London markets stay heavy with New York stocks trading well below parity and Glen Island sold for 6 million by the Stalin estate. Liberal gains in Britain show a slim ministerial majority as Steel Co. projects a 180 million net rise and a 4 percent dividend. Investors fret over pending congressional legislation and unclear corporate policy, triggering broad selling and liquidity concerns.
MENTIONED IN THIS ARTICLE
New York
London
Glen Island
John H. Stalin
Steel Corporation
Congress
Washington
Times
Also Mentioned on This Page
Main
Ft. Buttre
Montana
North Main
Gray
Gray's Ladies’ Furnishing Co
Pacific Brokerage Co
West Park Street
Elgin
Waltham
Mose Linz-Lends
East Park St
Home Baking Co
Eugene Hill Bookseller
Haid
Taft
Ben Bryan
J. J. Hill
Europe
Boston
the Lake Copper Company
Supreme Court
Corporation
Chicago Evening News
House
James J. Hill
Quietus
United States Steel
Pittsburg
Lawson
Reading
Bryan
Mumbsy
Alameda
Barnes-King Ware Berers
Alex Scott
Arizona
Butte & Buper Pot
Corkesidis
Stewart
Tuolumne
Barnes- King
Tuolumne Dee
Carney Copper Mines
SEAR
Pennsylvania-Coeur d'Alene Mining Company
Columbus Group
Murray
Woods
William L. Gallagher
Sterling Group
Bunker Hill & Sullivan
Davis-Daly Er Eerreoensene
Swift & Co
Daly
Welch, Harrington & Co
West
Granite Street
Andrus Building
Minneapolis
Ill
Front Street
Missoula
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