Copper Stocks Rally as Prices Hit New Records
Copper and related metals led a broad market advance with copper prices in New York and London rising on strong demand cues. Spelter and zinc stocks climbed as Amalgamated, Anaconda, and Calumet & Arison posted gains, while dividends were declared by several mining firms. Market observers cited improved earnings prospects and anticipated stabilization with Germany.
Butte Ballaklava Increasing Output in June
Progress at the Butte Ballaklava mine reports plans to raise June output by about 25 percent. May produced just over 4,000 tons. June expected to exceed 5,000 tons with copper around 3 percent and silver about four ounces. Development targets include lower shaft levels and a Paneecoot level, while engineers anticipate large ore bodies and higher output amid strong copper prices.
MENTIONED IN THIS ARTICLE
Butte-Balla~ Klava
Sieinming
Price of Copper Rises in May and June Outlook
May copper prices stayed well above 18 cents per pound with official figures up to May 26 showing strong levels. After a brief month-end dip, June opened with a rebound likely to push the average above May. Reports note demand revival, records of US exports, and shifts in Spelter markets as producers adjust contracts and delivery plans through year end.
MENTIONED IN THIS ARTICLE
Lena
Anil
Ite
Tsay
Sever Meen
Jumott & Heela
United States
Department of Commerce
Tema
France
England
Pountia
Europe
Britain
Chile
Trenton
United States Metal Selling Company
Anaconda Copper Burning Company
Apetter
Ordinncy
Moxi Pry
Pease
Rade
Stroh's Faith Great for Butte Pacific Mining
Fred Stroh, manager of the Watte-Paeitle Copper company, reveals rich ore indications at the Butte-Pacific claims. The shaft reaches 200 feet with ore 31 feet wide at the 100-foot level, shipping potential seen. Drifting will continue to gauge extent as plans aim for 600 to 1,600 feet total depth. Current ore runs average about 20 dollars per ton in gold, 26 percent sulfur, 24 ounces silver, and copper at 4 percent.
MENTIONED IN THIS ARTICLE
Fred Stroh
Watte- Paeitle Copper Company
Hutte
Walladaho
Stroh
Wallace
Butte-Padtle
Coeur d'Alenes
Begin Operations at the Amazon-Dixie Mine
Wesley Everett, manager, announces 259.00 nf timber cut for the upper works and shaft, with a 60 foot depth raise planned. Drift of 600 feet on the vein shows milling ore, with ore outcrops at depth of 300 feet. Water power drives development as shipments roll downhill to cars for efficiency.
MENTIONED IN THIS ARTICLE
Wesley Everett
Amazon-Dixie
Wednen- Gay
Everett
Themer
Ite
Wale Lace Preas-Times
Marsh Mining to Resume Operations Next Week in Idaho
Wallace Idaho report says Marsh Mining will resume early next week after five weeks of improvements. New mill upgrades and vertical wing connections boost output, with expected savings of about 2.10 per ton and potential monthly savings near 10.50 when operating at 5,000 tons monthly.
MENTIONED IN THIS ARTICLE
Wallace
Idaho
Marsh Mining
Comn
Omerals
Burke
Company of Stats
Wall Street closes as war, Mexico split markets
York June 2 Wall street moved evenly between gauge of U S relations with Germany and Mexico in a lively session. The audience included President Wilson’s ambassador and leaders of the war factions signaling developments of interest as trading remained brisk with many issues active including utilities and metals.
MENTIONED IN THIS ARTICLE
York
Wall Street
Germany
Mexico
Wilson
Itireet
Staten Bonda
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Spelter
Watte & Superior
Froom
Sre
Ingw
London
New York
Amalgamated
Anaconda
Eton Gopper
China
Siami
Steel
Soy
North Butte
Sig
East Butte
Granby
Greene-Cananen
Calumet & Arison
Davie-Daly
Paine, Webber
American Smelter Securities
Boston
Ahmeek
McKinsey Darragh-Savage Mines
Wall_ street
Count von Hern
Pittsburg
Carnegie Steel Company
Heston
Quincy
Logan & Brgan
Prom Heilbronner Company
Comstock Tunnel
Josephthal Louchheim
Dow, Jones & Co
Ahmeek Mining Company
Rere
Count von Bern
Hutton & Co
Steel and Co
Rhino
S York
American Metal Company
Lawson Iron. & Co
Harris, Winthrop & Co
Chapin & Co
Butte-Ballaklava
Money Market
Mercantile
Sterling Exchange
Elver
New York Metal Exchange
Strow
Butte-Pacific
Marsh
Wall Street Close
Petegraph
Anaconda Mining
Ats
Atchigon Hiallimore & Ohio
Brooklyn Rapid
California Petroleum Canadian
Pacific Sentral Leather
Chesapeake & Onionaves & Great
Western Fue
Milwaukee & St. Pau
Chicago & Northwestern
Chino
Copper Polorade
Cotorads
Southern
Denver
Tio Grande
Inspiration Internation Erate Kanameety
Southern Sess
Tehiah Valiey Kao Voulavide
Nashville
Petroleum
Mant Copper
Bissouri, Kanear
Minsour
Pacine Rational Facult
Ine
Tallie Telephone and
Eiegrand Penmayteanin
Tina Palued Caay
Consolidated Copie Diteaaing
Remubite Iron and Steel
Hock Island” Co
Tennessee
Cope
Texas Company Union Fo
Onu
Unite
Staten Steel Do
Utah
Copper
Watash
Weatt
Montana Power
Victoria
San Francisco
Paine, Webber & Co
Avanta Ege
Bluebel
Beso
Butte
Pala
Vmet& Corbin
Goudfield Ea
Houghton Copper Hollinger
Kerr Lake
Keweenaw
McKinley
Baltic
Ohio
South
Paine, Wender & Co
Atlant
Goldfeld Consolidated
Moe ” Welmont Cash
Hillax
Midway Mons
Montana
McNamara
Noston Stocks
Wender & Co
Pe Ine, Wonder & Co
Pain Tia
Lanka
Crow Point
Allouez
Arizona
Buver King Coalition
Bulver King Consolidated
Franklin
Blown
Consolidatea Fc
Swansea
Greene-Cananea
Victor
Hancock
Wilbert
Hedley Gold
Creele Gon
Lake
Ball ‘Valley Man'sining
Mohave A
Waa
Waa Consolidated Ty S
Butter Colony
Old Dominion
the Banking Corporation
Bannack Gold Mining CO
Wae Nane Lake Stock Exchange
Otf Bank
Daly Bank and Trust Company of
Silver Bow National Bank
West Park Street
First National Bank of
United States Depository
W. AL Clark
J. Ross Clark
A.clark & Brother
Canner “Cather
Miners Savings Bank and Trust Co
LUMBER_DEPARTMENT OF THE
Anaconda Copper Mining Company
Bonner, Montana