Broker Loan Near Two Billion in Market Waiting Attitude
The New York market held an uncertain tone as traders awaited a Federal Reserve move on brokers loans, which reached about 1.75 billion dollars, a record high. Tobacco issues led gains, steels fluctuated, and Montana Power prospects were described as strong with potential higher levels.
MENTIONED IN THIS ARTICLE
Federal Reserves Board
Stock Exchange
Hutton & Co
Hellbronnerompany
York
United Cigars
Salt Lake
Texas& Pacific
Federal Reserve Board
Exchange
Steel
New York
Lauzier-Wolcott Company
Montana Power
Montana Power Company
Northwest
Nevada
Consolidated Copper Company
Bryan
Lauaier-Wolcott_ company
Davis-Daly and
Tuolumne
Boston
Davis-Daly
East Butte
Chicago Markets Grain and Provisions
July 23 report shows nervous market conditions amid labor unrest and transport jams. Corn and hog values slide as stockyards face shortages, with oats and lard prices shifting. poultry prices fall, while cash corn and rib prices are noted, and overall market weakness dominates amid unrest and supply disruptions.
MENTIONED IN THIS ARTICLE
Chicago
Ward
Live Stock Receipts Reflect Mixed Market Tone
Chicago July 23 cattle receipts remain heavy with 28 000 cattle. Beef and butcher cattle steady to higher, light and heavy feeders show varied demand with prices in the mid teens to 20s. cows and canners steady to lower amid market pressure.
MENTIONED IN THIS ARTICLE
Emicago
Hicago
Omama
Copper copperware suits loom after minerals decision
The minerals separation case prompts a wave of new suits against Copper producers like Utah Ray Consolidated China Nevada Consolidated and Anaconda and Arizona Copper. Royalty terms with a 4 cent per ton rate may rise with tonnage cuts while accounting in Helena proceeds under Judge Bourquin.
MENTIONED IN THIS ARTICLE
United States
Minerals Separation
Butte- Superior
Minerals Separation Cominy
Utah
Ray, Consolidated
China
Nevada Consolidated
Jack- Ming-Hayden-Stone
Butte-Superio
Anaconda
Inspiration
Arizona Copper
Calumet
Arizona
Supreme Court
Bourquin
Helena, Mont
Miami Copper Company
Stock market W Yorkers July session cautious amid Fed curtailment talk
The New York exchange opened in a receptive mood with a cautionary tone as investors awaited possible Fed curtailment of loans and warnings on speculative excess. United States Steel showed a modest gain after a mid-morning dip, while rails and several utilities attracted buying interest. Total volume reached 1,100,000 shares with par value sales at about 13.75 million.
MENTIONED IN THIS ARTICLE
W York
Federal Reserve Board
Washington
United States Steel Corporation
Une
United States Steel
New York Dock
United” Drug
United Cixars
United Retail Stores
New Haven
Texas & Pacific
United Fruit
United States
Gallea
Utah
Western Union
Montana Power
Alaska
New York
Heilbronner Company
Austin-Amona
Atlas
lutte-New York
Canada
Elk’ Basin
Davis-Daly Elk Basin
Goianeld Cor
Houston
Hellbronner Company
Bingham Mines
Butte Bohemia
Arcade
Ini
Alaveras V6
Hier Cy
Douglas
Ohio
Ora
United Erde “ix
Bo Jerome Verde
Boston
Heilbronn R Company
Rhmeex
Ari Na Comeelad
Butte
Hancock Fe Lake
Mason Awd
Ul & Rev
Osceola
Ojibway
Pond Creek
Ey Juiney
South Superior
Tuolumns
Ted Fruit
Money markets and metal prices report mixed action
July 29 money markets show six day bills near 434, demand at 725, and cables around 727 with limited change. Copper and flhot quoted at 5.7006.9, East St Louis delivery noted, spot offered at 7.80 for August.
MENTIONED IN THIS ARTICLE
Money Mamet
York
Guiiders
MNTAL
Aki East
France objects to copper sales plan
A London bulletin reports France formed a company La Societe Franco-Americaine ex Metaux to handle copper sales in France for the American Copper Export association. Le Soir argues the French outfit is a branch of an American monopoly, with French revenue losses and tax avoidance concerns. The piece cites French government actions reselling copper stocks to American producers and predicts higher prices in France through the Societe Franco-Americaine des Metaux, disadvantaging local merchants.
MENTIONED IN THIS ARTICLE
al Bulletin of
London
France
la Societe Franco-Americaine Ex Metaux
American Copper Export Association
le Soir
Paris
Societe Franco-Americaine Des Taux
Prop
Anp
Les
Gavment
Societe Francoteuine Des Metaux
American ‘Export Association
Borax King Maintains Desert Camp At Death Valley
Christian B. Zabriskie a veteran miner and borax operator controls a prominent mining camp near Death Valley. His borax plant runs at capacity with 500 tons monthly output, six roasters and a concentrating plant keeping busy. The camp offers a boarding house, entertainment, and a loyal workforce drawn year after year from a stable crew.
MENTIONED IN THIS ARTICLE
Christian B. Zabriskie
Mileraire
Candelaria
Nevada
Death Valley
Tonopah & Tidewater Railroad
United States
United States Steel reports second quarter earnings and surplus
New York July 29 United States Steel Corporation reports total earnings for the second calendar quarter of 34 331 000 after expenses and taxes with a quarterly surplus of 5 308 000 and net income of 22 874 429 compared to the first quarter. Dividends of 1 1 2 percent on both preferred and common stock were declared. Chairman Elbert H Gary praised improving trade conditions though noting export growth remains modest.
MENTIONED IN THIS ARTICLE
New York
United States Steel Corporation
Elbert HL. Gary
Also Mentioned on This Page
Butte Stock Exchange
Bia
Barnes King
Miss Burk
Imperial
Butte & Bacorn ii
Butte Ballaklava Butte Copper Czar
Louisiana
Dilton
Silver Bow National Bank
Federal Reserve Bank
Aasiats
Daly Bank and Trust Company of
TME
W. A. Clark J. Ross Clark
W.a.clark & Bro. Bankers
Alex 3
Somaston
Ites
Isi
Sing Boca Ce Mt Ala “Depend
First National Bank
United States Depositary
Federal Reserve Basic Complete Banking Service
Avivow
Davis , A. Hai
Stepnenes
Ast Cashier
Boise
Minneapolis Grain
I Wiaxdeitaes
Tckert
By Briggs
Lette
Pawk
TeweTt
Boston News Bureau
Germany
Goa
Orient
San Francisco
Japan
Formosa
NEW York Exchange
NEW York Stock Exchange
Ault
Almers
Suisar
Angeltana
Ananda Pper
Baldwin Loco
Anadia Pacific
Pacine
General
S. Greene
Fennecott
Missouri Pacifie
Northie
Pennsylvania
United
United Cigar
Eady Heh
Great
Copper
Montana
Ite
Beya
Montana Ou
MAMET
Zabriskie Borax
Wwe
The
Ti North Main
Stock Exchange ‘Theift
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