Copper Stocks Rally Amid Record Prices in War-Driven Market
Copper rose to new highs as London prices surged and New York quotes climbed on strong demand and upbeat steel orders. Amalgamated, Anaconda, and Calumet & Arizona posted gains while analysts forecast continued dividends and possible upward shifts in metal stocks as geopolitical tension eases.
MENTIONED IN THIS ARTICLE
Tutte & Superior
Spelter
Butte & Superior
London
New York
Amalgamated
Anaconda
Evan Gopper
China
Inspiration
Steel Common
North
Butte
Tig
Hast Butte
Granby
Wold
Sii
Groene-Cananea
Calumet & Arizona
Calumet & Arizona Opened At € 2%, Sold Up To 65 and Gromed At 64%. Daviee Daly
Butte Ballakiava Mine to raise output in June
Reports show the Butte Ballakiava mine expects June production to exceed May by about 25 percent, with May output near 4 000 tons and June over 6 000 tons. Ore grades run high with copper and silver values and development work continues at the 1 200 to 1 400 foot levels. A winze from the 1 600 foot level is in progress toward the 1 100 foot level, and plans call for shaft lowering to 1 800 and possibly 2 000 feet as ore bodies extend.
MENTIONED IN THIS ARTICLE
Butte-Ballakiava
Mainwaring i
Copper prices surge above eighteen cents in May market
May copper averages held well over 18 cents a pound with official prices through May 26 confirming strength. Reports indicate demand could lift prices further into June as producers maintain high asking prices while consuming markets show renewed interest. shipments to France England and Italy rose alongside robust exports and rising scrap intake.
MENTIONED IN THIS ARTICLE
Ss.serts
Casserts
Ciaesoais
Cistom Tse
Weda
Calumet & Hecla
United States
Department of Commerce
France
England
Italy
Europe
Australia
Trenton
United States Metal Selleing Company
Anaconda Copper Mining Company
Strang
Pric
Tighrade
Strows Faith Great for Butte Pacific
Indications are the mine will be cut by shaft at 260 feet from the surface as crews drift the vein. Fred Stroh of the Pneite company says the property 12 miles north of Butte shows a promising ore body with a vein dipping at 30 degrees. The shaft is down nearly 200 feet with 100 feet more to go before determining extent and potential gold and silver returns.
MENTIONED IN THIS ARTICLE
Fred Stroh
Th Pneite
Theas
Hutte
Wallace, Tadao
Ike
Stroh
Strat
Wallace
Watte-Pacific
Coeur
Anya
Hows
Strom Feent
Cop
Begin Operations at the Amazon Dixie Mine
Announcer Wesley Everett reports the Amazon Dixie Line has begun operations with timbering for a shaft raise and 600 feet of vein drifting. A hoist was purchased, water power drives development, and 8,300 feet of tunnels underground show ore near 6 feet wide with 200 feet depth. Shipping will use downhill trucking to cars, boosting efficiency.
MENTIONED IN THIS ARTICLE
Wesley Everett
Amazon-Dixie Line
Saya
Everett
Iing
Marsh Will Resume Early Next Week
Wallace Idaho reports the Marsh AUning company plans to resume operations within the coming week after five weeks of improvements. The vertical triple compartment wings are installed with modern hoisting gear and output may be increased. A new terminal yard at Hurke is expected to cut operating costs to about 10 cents per ton.
MENTIONED IN THIS ARTICLE
Wallace
Idaho
Marsh. Auning Company
Omerall Dure Ing
Hurke
Wall Street Close As Market Stages Uneven Session
Wall Street opened with divided sentiment amid cautious trading as investors weighed U.S. relations and a visit by a Mexican ambassador. Momentum faded in the afternoon with only modest gains left, led by strength in copper and certain energy shares while most others eased.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Th Kroup
United States
Also Mentioned on This Page
Wilken
Germany
Preenecocks
Howe
Amdena
Boston
Ahmeek
McKinsey Dai Mines
Count von Hernstorff
Prom Taine
Webner &O
Etter
Quincy
American Smelter Securities
Pittapurg
Carnegie Steel Company
Prom Heildronner Company
Comstock ‘Tunnel
Matha! Lowellelm
Dow, Jones & Co
Wight
Ahmeek Mining _ company
Count von Herbort
Wilson
Hutton & Co
Steel
Cope
Chino
American Metal Company
Lawson Bros. & Co
Ware & Leland
Chapin & Con
Butte-Ballaklava
Merantle
Sterling Exchange
Barsliver
Metal Market
Sune
Elver
New York Metal Exchange
Metal Exchange
PRION
Strow
Butte-Pacific
Berne
BUTE
Amazon-Dixie
Marsh
Wall Street Close
York
Sugar
Ammerican Telephone and Telegraph
American Tobacco
Anaconda Mining
Atchnaon
Baltimore & Ohio
Brooklyn
Htupid
California Petroleum
Canadian Pacific Central Leather
Chesapeake & Ohio
A Chicags & Great Wester
Chicago
Ailwaukee & St. Paul
Chicago & Northwestern
Chines Copper
Colorado
Ruggentelm Exploration
Vale Central Ee i Interborgush
Met
Oncenational Harvesters
Kansas City
Souther
Letiah Valley
Voulaville
Noahville
Petroleum
Miami Copper
Minour
Kansan & Pex
Ht Pacific
Cs ‘York
New Haven
Viartford
Sortell. & Weatertessss
Northern Pacific Pacific Bath
Ie Telephone
Pennsylvania
Pullman Palace
Consolidated Copper
Teaaing” Copper
Tenas Company
Union Pacine
Unite
Staten Steel
Copper
Wabash
Western Union Westinghouse Elect
Montana Power
Victoria
Winona
Wolverine
Wyandotte
Laie
Noston
Paine, Webber & Coy
Aseed
Mckintey-Darragh Newnella
Nevada
Ourlan Newaitleth Lake
South Lake
Paine
Wenner
Ashe
Atlanta
Booth
Priamondfield i
Kenanay
Manne ‘Consolidated
Virginia Mel ‘Norcross
Ophir Savage
Sierra Nevada
Ws Union O
Belmont Caan Hoy
Butier
Malieux
Tonopah
Midway i Morehebittebure BR
Montana
Mispait
McNamara Iz
Nowth Star
West End
Pittebure Sliver Peak
Hilla
Round” Mountain
Paine, Webber & Co
Canteadry
Rute & Superior
Mammoth A
Mutte & Ballaklava
Sioux Consolidated Iions
Rwansea
Groene-Cananes
Victor
Hancock
Waitert
Hedley
Wa ‘Creek
Ste Royale Ay Lake
Ta Balle
Mason Valley
Masa Mining
Mohawk
Nini
Dominion
Mary's
Swift Company
Santa Py Shannon
Shattuck Ny
Superior Copper
Tamaracka Trinity Ff
Tuolumne A
Utah Consolidat 21
Vian Apex
Hiaaa
the Banking Corporation
J.B Cole & € O
Salt Lake City
Utah
Salt Lake
Muckers
Innera
Daly Bank and Trust Company
NERAL
Lea I. Kelly
Federal Reserve Bank
Silver Bow National Bank
West Park Street
First National Bank of
United States Depository
Davis
Rorel
A. Clark
W. A.clark & Brother
Alek J. Johnston
Sue Ais
Trangate
Buske
Ndividmain
Ros Clark
Miners Savings Bank and Trust Co
Suirgiar and
LUMBER _DEPARTMENT OF THE
Bonner, Montana
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