Stock Market Dull Day With Copper Losses Across Board
A quiet trading session saw few sales as prices sagged. Copper stocks mostly declined with notable moves in Butte & Superior Anaconda American Zinc and Kennecott while miners like Anaconda eyed a forthcoming dividend and Alaska Gastineau traded at varied levels.
MENTIONED IN THIS ARTICLE
Butte & Superior
Fen
Chino
Beack
Kennecott
Ray
Gras
Miami
Greene-Cananea
Tiah
Toi
Nevada
Poa
Tennessee
Alaska
Is Ieel
Butte & London
Eaton & Montana
Fie Rt
Davis-Daly
Butte
Butte New York
Utah Ape
Jerome
Market recap shows call money at 2 percent and light volume
Call money declined to 2 percent as some dividends roll in this week. The market lacked strength with light trading volume. United States Steel held up well while International Nickel fell to 42 percent on rumors of Canada embargoing nickel exports.
MENTIONED IN THIS ARTICLE
Ilbikon Neal CO
M. F. Hutton & Co
New York
Unitedtates Steel
International Nickel
Canada
Market notes drift as stocks hold with summer dullness
A stock market summary notes oversold conditions not permanent and a preference to sell on rallies. Anaconda ex dividend July 22 and copper inquiries hint at a rally, while leaders drift near close. Visible copper supply in England and France falls. Hessie Harriscote debuts new photoplay The Sorrows of Love as jealousy warning.
MENTIONED IN THIS ARTICLE
Rally
Curtis & Co
New York
Anaconda
Spelter
East St. Jule
PAINE
Webber &O
Webber & Co
Boston
Bears
Italy
France
England
Hessie_Harriscote
South Hecla Declares Initial Dividend of 15 Cents a Share
South Hecla Mining company directors announce a 15 cent quarterly dividend on about 262,000 outstanding shares, totaling roughly $29,200. Anticipation spurred heavy Monday buying with shares trading 2.80 to 3.05, then 3.10, as the smelter limits production to 60 tons daily. Initial payout set for Aug 10 to holders of record July, with expectations of regular future dividends and possible rate increases amid ore extraction and water management challenges on the Wedge 2 2 body.
MENTIONED IN THIS ARTICLE
South Hecla Mining Company
Ginger George S. Watson Ho
Jong
Wouldike
Iron Blossom Declares 10 Cent Quarterly Dividend
Iron Blossom board announces a regular quarterly dividend of 10 cents a share payable July 25 to holders of record July 15, totaling 100000 dollars. Net June earnings reached 25000 amid ore smelter delays, but prior months stayed above dividend needs as treasury holds ample cash. The company expects renewed unrestricted ore shipments soon under management control.
MENTIONED IN THIS ARTICLE
Iron Blossom Camp
Marsh Secures Favorable Lease and Reorganization Plan
The Marsh Mining company wins a 10 year lease from Federal Mining and Smelting on 20 acres adjoining its Burke Idaho property. The deal includes 38 cents per ton royalty and 30 cents per percentage point price rise for lead. The agreement ends a trespass dispute as Marsh reorganizes into Marsh Mines Consolidated with 2,000,000 shares.
MENTIONED IN THIS ARTICLE
Marsh Mining Company
Federal Mining and Smelting Company
Burke Idaho
Tiger-Poorman
Marsh Company
Marsh Mines
Tve Ry
Marsh’ Com
Transfer of Shares in Spokane Trust Company Planned
The old stockholders of Spokane Eastern Trust Company or Spokane announce that the companys transfer agent will exchange old certificates at no charge and will also solicit subscriptions for treasury shares of the reorganized corporation.
MENTIONED IN THIS ARTICLE
Spokane
Eastern Trust Company
Treasury
Colorado and Beck Tunnel Progress Reported in Tintic
Good progress is reported in the old Hecke shaft at Tintic where the Colorado Consolidated Mines company is deepening the Beck tunnel. The shaft had been sunk 1,100 feet by the Beck Tunnel company before merging with Colorado Mining and Consoli Mining, enabling cheaper operations and extensive deep exploration.
MENTIONED IN THIS ARTICLE
Tintie
Colorado Consolidated Mines Company
Becke Tunnel Company
Colorado Mining Company
Consoll Mining Company
Consoli
Cananea Mines Expect Return of American Workers
Greene-Cananea Copper company reports the state department lifted the embargo on exports to Mexico and General Alles plans to rejoin the Southern Railroad line from Cananea to Naco. All American employees are returning to Cananea. Since June 21 Mexican workers have operated the mines and works, with output below normal, but production is expected to resume as Americans return.
MENTIONED IN THIS ARTICLE
Greene-Cananea Copper Company
State Department
Mexico
Alles
Sonora
Wadfle ‘Railway
Cananea
Naco
May Day Earnings Slightly Down Amid Prospects
May Day company reports earnings dip though management plans a quarterly dividend of 2 cents per share payable August 26. Prospecting on the property continues with encouraging results not yet large. A two foot ore seam, identical to Yankee ore, was found in a raise, carrying about 25 percent lead and 40 ounces of silver per ton. The significance of the discovery remains to be released.
MENTIONED IN THIS ARTICLE
May Day
Utah
Stock Exchange Orders Placed On Various Markets
A partial list shows bids and offers across multiple markets with quantities including 2,000 Alameda 1,000 North Butte 2,000 Elk Basin Oil and 2,000 Greymill Monian. Several entries reference firms such as Alliance Barnes-Kinne Butte Great Fair London New York and Davis-Daly. Listing includes 500 Fire Insurance and 500 White.
MENTIONED IN THIS ARTICLE
Alameda
Alliance Iase Ae
Barnes-Kinne
Butte
Butte & Bly
Butte & Great Fair
Butte & London
New York
Davis-Daly Highland
Hercules
Tuolumne
Alameda Alliance
Rannock
Barnes-King Butte
Dacorette
Tullwhacker Butte
Great Fa Butte
London Butte
Hutte
Kocher de Boule
Caledonia
Davis-Daly
Elk Basin’ Oil
Greymill
Did German spies start this blaze at Tennessee Copper?
Telegraph reports circulated by Dow Jones & Co. suggest German spies may be behind the fire at the Tennessee Copper plant, which temporarily crippled the company. News from semi official circles hints developments at a Tennessee Copper directors meeting. insurance, Russian contract news, and stock market rumors follow as investors speculate on liquidity and potential receivership.
MENTIONED IN THIS ARTICLE
Dow. Jones & Co
Tennessee
New York
Tennessee Copper Company
Hearish
Tenessee
May Production Of Porphyry Coppers
May output from Utah Copper China Copper and Ray Copper shows all three producers broke year to date records. Utah Copper produced 15 950 215 pounds in May up from April 14 557 282 and March 4651 with a monthly gain of about 1 400 000 pounds. China Copper produced 6 351 11 pounds in May up from April 4 496 27 and March 6 888 255. Ray Copper produced 6 267 611 pounds in May, slightly below April and March, with three month totals near 18 941 228 pounds and an annual rate around 75 000 000 pounds.
MENTIONED IN THIS ARTICLE
Utah Chino
Ray
Utah Copper Company
China Copper Company
Ray Copper Company
Consolidated Coppermines to Sell Bonds for New Mill
Local holders of Butte and Ely stock hear an optimistic market letter from Consolidated Coppermines. It states plans to issue bonds to build a 500 ton daily mill, the first unit of a larger plant using Callow flotation, aiming to fund a 5 000 ton daily operation as ore reserves justify expansion. The firm has reduced debts and seeks to become a steady, large producer.
MENTIONED IN THIS ARTICLE
Butte & Ely
Consolidated Coppermines
Giroux and Butte & Ely Stoneham & Co
Th Consolidated Coppermines Company
Cnwilling
Consolidated Coppermines Company
London Wool Sales See Record Prices and Strong Demand
London reports 9,000 wool bales on offer led by New Zealand lots with demand described as steady. Prices for slipped lambs hit a new high, Merino values rose, and West Australia greasy wool weaker. New York metal quotes show copper and tin activity with various spot prices noted.
MENTIONED IN THIS ARTICLE
London
New Zealand
West Australia
New York
Metal Exchange
Also Mentioned on This Page
Srandeth
Hella
Iewer
Walt Lake
Utah Apex Mining Company
Northern Pacific
Logan & Bryan
Stoston
St. Mary's
Payalle
Prime West Ten
Trac O Warnin
Co.e
The
Heilbronner Co
Bey
Lameda Barnes
King Butte
Ballaklava
Bacorn Butte
Zinc Butte
Gt Pallegute & Ely
Montana
Big Jim
Daly-West Cons
Mont
Tyanhoe
Goldfeld
Ohio
Ken Stewart
Siver Canielcratch Grave
Suolumne United Eastern
Main and Guanire
Wrs
Barnes-King
Butte & Racorn
Butte Falls
Bellevue
ButteLand and Investment Co
West Granite Street
South Hecla
Fittery
Cen
Colorado and Beck
Swhaller
Lauzier- Wolcott
Zant Brondwty
Butta Ie
Hutte Stock Exchan
Alame
Alliance Ny
Barn King i
Bannack
Beaver Oils i
Ig Creek
Arizona
Butte-Ballaklava
Tutte-Bullwhacker
Boston-Corbin
Copper
Detroit
Butte & A
Copper Butte
Fredonia Farrell
Greybull
Montana Oat
O Keating
Ian
Nancy Hanks
National Life of Mont
North Butte
Ate
North Fienn
Northwestern Pacific
North Jutte
Ohio-Keating
Raven
Rocher de Boyle
Tuscombia
Eral
Salt Lake
Paine, Webber & Co
Con
Ik Columbus
Emma Copper
Grand Central
Ois
Michin-Ueal
Moscow
New Quincy
O. K
Pioche
Bristol
Plutus
Prince
Reed's Peal Rexall
Rochester
Silver King Coal
Sioux
South Heeta
South Heext
Texan
Tintle Central
Ntsu
Union
Ong
Vietor
Walker Mines
Toledo
Wilbert Os
Silver Bow National Bank Savings
U. S
West Park Street
Macginniss
Itz Gerald
North Main Street
Butte, Mont
Daly Bank and Trust Company of
Charles 1
Jou Dee AN
von Oma
First National Bank of Butte
United States
Ce Eeataene Ritos Heorge
B. Stephens Ravers
W. A. Clark
W.a.clark & Brother Bankers
Alex, J. Johnston
Mac Inser
Ross CI
Anaconda Copper Mining Company
Bonner
Idaho-Montana Inv. Co
West
Gale
ILO, Clark Jr
West Broadway
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