Market Aims To Pause Rise As Volume Slows In July Trading
New York reports a reactionary stock market with lighter trading and a tentative halt in price gains for a time. London and Berlin purchase Amalgamated Copper, Union Pacific, and Canadian Pacific while Treasury bond concerns and crop outlook weigh on investor sentiment. The Steel quarterly report shows higher earnings but limited market impact as prices drift and bonds soften.
MENTIONED IN THIS ARTICLE
Panamas
London
Amalgamated
Union Pacific
Berlin
Canadian Pacific
Steel Corporation
Chicago Markets Show Corn Yield Alarm as Prices Rally
Chicago July 29 market report notes expected corn yields falling short by as much as 500 million bushels, fueling a broad price advance. Wheat and oats gained, provisions moved with corn, and speculative corn trading surged. Analysts estimate total corn output between 2.5 and 2.7 billion bushels, with heat and drought threatening further declines. December corn spiked to about 63 3/4 cents before closing. other futures and cash prices listed for wheat, oats, rye, barley, and fats.
MENTIONED IN THIS ARTICLE
Chicago
Ono
Market Activity and Stock Notes From A Snowed Market Day
The market showed little activity with small sales in Butte and minor stocks. Copper in London slipped to 15 cents amid heavy selling while Calumet and Arizona remained strong and Granby and North Butte faltered. New York and London markets edged higher on profit taking and cautious optimism. The Boston streetcar experiment proved successful and orders for more cars followed.
MENTIONED IN THIS ARTICLE
Butte
Barnes- King
North Butte
Calumet & Arisot
Granby
Calumet & Arizona
London
Copper Situation Improves Amid Mining News From Washington
Copper executive Benjamin Thayer of Anaconda Copper Mining reports improving copper markets with large European demand and prices near 15 cents per pound. He notes macro troubles from Balkan tensions and financial crises are abating as tariffs and rail issues ease. Thayer, visiting Butte and Montana, outlines new management aims at Boston and Corbin Copper, expects better ore from Bertha mine, and describes ongoing development, ore grades, and promising veins. Shipments from Lone Star near Conconully and other regional mines are planned, with financing moves and upcoming meetings shaping continued development.
MENTIONED IN THIS ARTICLE
Benjamin Thayer
Anaconda Copper Mining Company
Butte
San Francisco
Pittsburg
Congress
Thayer
Anaconda Company
Montana
Boston and Corbin Copper Company
Bertha
Corbin
Mining plans eyed for Spokane area tunnels in Idaho and Washington
Stockholders from the Aurora and United Copper Mining companies report plans to extend the United Copper main tunnel into the Aurora grounds in the Chewlah district Washington to reach ore between 1000 and 1500 feet depth. The United Copper tunnel would require about 3600 feet of driving, with a 1500-foot extension likely tapping the Aurora ledges as the Aurora tunnel sits near a newly mineralized vein.
MENTIONED IN THIS ARTICLE
United Copper
D. F. Ham
H. A. Ham
Monarch Mountain
Chewelah
Washington Claim
W. H. Montgomery
George C. Allen
H. A. Hain
Spokane
Wash
Aurora
Land of Gold in Georgetown Montana Mineral Belt
Georgetown is touted as Montana’s banner gold field with large exposed deposits and frequent new strikes. Three main mines within 2000 feet are valued at $5,000,000 in ore blocked out, with more gains as development continues. Charles Bostrom, leading Oro Fino, directs all work for a company owning 54 acres in the heart of the belt.
MENTIONED IN THIS ARTICLE
the Hypotheck Mining Company
Wallace
Idaho
Georgetown
Montana
Treasury
Charles Bostrom
Oro Fino
Stock for 10 Cents a Share Through Anaconda Agent
Stock in this company may be bought now for 10¢ a share. Order what you want and pay a small amount down and the balance monthly. No commissions, as the company accepts orders for stock direct through JAMES PRINGLE, Secretary, Room 12 Durston Building, Anaconda.
Acres to Keep Mill Running Plan Revealed
A proposal outlines acres to be preserved to sustain the mill's operations and ensure continued production. The plan emphasizes land use for maintenance, fuel, and raw material access to prevent shutdowns.
Copper and lead markets firm with mixed spot quotes
New York copper holds firm with spot 14.00 cents bid and various August September readings. Electrolytic copper 15.12 cents, lake 15.25, casting 14.87. Lead at 4.59 cents bid, spelter steady 5.50 5.60. London closes with copper weak spot £65 1s futures £65 1s, spelter £20 1s, lead £21 5s.
MENTIONED IN THIS ARTICLE
New York
London
Portland Stock Market Cattle and Sheep Receipts Report
Portland Ore July 29 cattle receipts at 2 percent steady with ranges for choice and good steers cows calves and heifers. Steers 7.75 to 8.60 for choice, 7.25 to 7.75 for good, 7.00 to 7.25 for medium. Cows 7.00 to 7.60 choice, 6.25 to 6.50 good, 6.00 to 6.25 medium. Calves 8.00 to 9.00 choice, 6.50 to 7.59 good heavy. Sheep receipts 809, steady. Wethers 3.25 to 4.40, ewes 2.50 to 3.85. Dogs none. Light sheep 9.50 to 10.00, heavy 8.50 to 9.00.
MENTIONED IN THIS ARTICLE
Portland
Ore
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Jeweler
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Augusta
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Land OF
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James Pringle
Durston Building
the Fair Drug & Assay Supply Co
Box
Umber Department OF the
Bonner, Montana
Metal Market
Portland Livestock