Metal Prices Fall As Market Slows In Copper Shares
The market shows weakness in metals with lead and spelter sliding from recent highs. Analysts say limited selling and few bids reflect cautious investors awaiting further developments. Copper and related stocks dip, but some brokers expect prices to recover after the settling period as gold inflows ease.
MENTIONED IN THIS ARTICLE
Bears
Tutte & Superior
China
Inspiration
Ray
Ptah Copper
Butte & Superior
Forth Butte
Datte Wan
Betsy
Greene-Cananea
New York Exchange
United States
Record copper sales surge in early June reports
Reports show unprecedented copper sales in the first ten days of June with estimates between 150 and 200 million pounds booked at about 20 cents per pound. Major buyers and sellers include American Smelting and Refining, United Metals, Phelps Dodge, and Amal Mated agency, amid tight production and rising demand from war orders and General Electric.
MENTIONED IN THIS ARTICLE
American Smelting and Refining Company
United Metals Smelting Company
Phelps, Dodge & Co
Amal
United Metals Selling Company
Rainbow Development to Start Work Soon
Rainbow Lode Develop ment Co shareholders vote to issue 6 percent convertible bonds up to 400000 and to raise shares to 180000 at 10 par value. Edward C. Congdon elected president with Cheater A Congdon vice president and Frederick Kennedy secretary. Operations resume at the shaft nearing 4200 feet depth as ore potential grows in the Butte area.
MENTIONED IN THIS ARTICLE
Rainbow Lode Development Company
Duluth
Isaue General Mortgage
Ingdon
Cheater A
Cong F. Cole
Joseph TB. Coted
Edward C. Congdon
Cheater Conedon
Prederick Kennedy
Butte Pain
China
SINKING THE SHAFT BEGUN AT BLACK ROCK
Report from the Black Rock mine notes the shaft sinking from 1600 to 1800 feet paused a day as crews are laid off briefly Then operations resume and ore tonnage for the month is expected near 40000 tons General Manager J L Bruce says output is near average when all runs The plan includes exploration at Butte New York with funds to cover development costs and a proposed share exchange hinge on future steps
MENTIONED IN THIS ARTICLE
Black Rock
Butte & Superior Company
J. L. Bruce
Anaconda Teams Up With Amalgamated Copper Assets
Amalgamated stock nears retirement as Anaconda Copper Mining absorbs its resources. Analysts expect a dividend rise as leaching and flotation upgrades push production toward 200 million pounds per year at 9 to 10 cents a pound. The merger consolidates vast mining, coal, timber lands, five smelters, and a 90 mile railroad network at Butte and Anaconda.
MENTIONED IN THIS ARTICLE
Anaconda Company
Anaconda
Theompany
Butte
Anaconda Copper Mining Company
Hutte
Copany
Twik
Laterst Treasury
United Metaia Selling Company
Asert
Market Summary of Wheat Corn and Prices From Chicago
Markets faltered amid rumors of Dardanelles action and harvest delays. Wheat slipped while corn and oats steadied amid heavy rainfall in Nebraska and widespread wet weather. Provisions rose then eased as hog prices moved and packers acted on futures. cash grains showed mixed values across July and September contracts.
MENTIONED IN THIS ARTICLE
Chicago
Dardanelles
Seaboard
Inule
Nebraska
Sly
Wier Bien
H.C
York
bey—Caah
Granby Consolidated approves dividend resumption
Granby Consolidated Mining Smelting and Power board on Tuesday authorized resumption of dividends at 1.5 dollars per share. The meeting in New York also approved stock issuance bringing total payments to stockholders since organization to about 5.44 million dollars. Market notes show cattle and sheep receipts with varied prices and a strong Chicago market with general rates and exchanges listed.
MENTIONED IN THIS ARTICLE
New York
Josephthal
Granby Consolidated Mining, Smelting and Power Company
Granby
Market Notes From Portland Receipts and Prices Drift
Portland Oregon market report shows steady toy market and mixed livestock receipts. Sheep and lamb categories vary with lambs lower, ewes and wethers steady. local cattle and spring sales cited with price ranges and yearling figures. Sellers and buyers adjust expectations as markets stabilize amid cooler season conditions.
MENTIONED IN THIS ARTICLE
Portland
Ure
Wall Street Close Notes Mixed Copper Decline Market Tone
Market action shows a fall in copper prices abroad and a general downturn in early month trade. Public interest and trader renewal pressures weigh, while United States Steel and several majors shift. foreign exchange gains attention as Genoa tire pricing signals dollar value. Copper, tin, lead steadied with specific names like American Can and International Harvester cited among movers.
MENTIONED IN THIS ARTICLE
Genoa
Seu
Butte Georgetown Mining and Milling Company Assessment Notice
At a meeting of the directors held in June 1919 a one cent a share assessment was levied on capital stock payable in installments. Failure to pay any installment by the due dates will render the stock delinquent and subject to public sale to cover assessments and costs. Also notice of a stockholders meeting in Daly, Montana to elect a board of directors and conduct business.
MENTIONED IN THIS ARTICLE
Tutte
Mont Noticd
Nereby
Butte Georges Town
Ovila Nadeau
West
Granite Street
Tlanadeau
Hake Mining Company
Daly Hank Builling
Gly
Anaconda
Montana
Tl, Cullen
Secre
Also Mentioned on This Page
Palter
Srom Paine, Weaber & CO
New York—American
Tron Ae
Steel Corporation
Central
Wall Street. Journal
Boston
Hayden, Stone & Co
M. F. Bachman & Co
Finley, Barrell & Co
Curtin & Co
Indus
Geneva
William
Romania
Bulgaria
Athens
Journal
Chicwgo
The
Chicago Journal
Aable
San Lake Mines
Pointe We Roam
Weaver & Co
Alta Consolidated
Ies
Black Jack
Sedar ‘Fallsman
Crown Point Om
Daly-Judge
Tron Blomson
Kower
Mammoth Ms
Mountain i
Prince Consolidated
General Electric Company
Rainbow Development
Tarnbow Lode
Hutte & Mt
Hutte & Superior
Heilbronner CO
Main
Granite Sts
E. F. Hutton & CO
Butte & New York
Rexport
Hutte & New York
Butte & Superior Fon
Oago Livestock
Money Market
Ort
Ovand
Wall Street Close
Blackavoid
Copperman
Raitmare
Ohio
Repoklyn Rapid
Tran
California
Petra Canadian Pacife Central Leather
Chemapeatte & Ono
Sss
Chicago, Milwaukee & St
Great Northern
Guswenheim Exploration
Central Rad Ferborough
Inspiration Copper International Harvester
Kansas City & Southern, Petroleum
Miami Copper
Missouri, Missouri
Pubic Iron and Steel
Rock Island Co
Slnfbi
Southern Pacific
Sersoceses Southern
Tennessee’ Copper
Texan Company
Union Pacite
Utah
Victorias
Winona Wolverine
Wyandotte
San Francisco
Glasen
Vtoek
Paine
Webiver
Alaska
Aaventurs
Arixona
But
Wallaklava
Amaona
Hecla
Dely-Wes
Frankia
Inspiration Copper
Indiana
Ate Royale
Lake
Mason Valley
Mass Mining
Michigan
Miami Copper de Mohawk
Ninissing Ba Ci
North Hutte
Olony
Old Dominion Co
Pond Creek
Quincy Bay
Swift’ Company
Mary's Ee
Santa Fe
Ehattuck
Superior Copper
Tamarack Iu
Trinity
Stah Consolidated
OSTON
Paine, Webber & Cor
Ana Atlanta
Dilsebel
Belmont
Aete Calumet & Corbin
Crown Reserve Chief Consolidated Consolidated
Arizona
Coppermines
Consolidated
Goldweld
Houghton Copper Oilinges Ij
Helvetia
Amberextension
Keweenaw
Ateiais
Majestic
McKinley-Darragh
Baltic North Lake
Ojibway
Oneco
United Oie Sharin
Rake Lower South la Superior
Sue
Stewart _ 23
Tonopahs
Tonopah
Ane
United Verde
Yukon
Paine, Werber & Co
Atlanta
Daisy
Eaton
Lone Star
Wick Consolidated Iz
Yellow Manattan Consolidated
Manhattan
Dexter
Noreroan
Ophir
Ifax Fery
Atten
Monaren-Pittaburg
Aflzpan
MacNarmara
North
Btar
Rene Kula
Pitesburg
Silver Peak
Nevada Hills
Mountai
A. A. Goldschmidt
Taf Aoa
Onus Ninia d 'Ape Pote
Bat Eentie New
Nesta Montana
Katia! Bank
Daly Bank and Trust Company of
Rapital and Surpin
Gaarlra
Kelly
John Bryan
Tee Hen
Plage
Federal Reserve Bank
Iver Bow National Bank
Silver Bow National Bank
West Park Street
First National Bank of
United States Depository
W. A. Clark
J. Ross Clark
W. A. Clark & Brother
AVEX
J. Johnston Caan
Miners Savings Bank and Trust Co
Bonner, Montana
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