Mexican tension weighs on stocks in bear market start
Traders blamed the Mexican situation for a bear market opening as stocks sold off to multi month lows. Anaconda dropped to 77 and three quarters amid fears of war with Mexico. Several issues opened weak and declined with copper and mining shares leading losses while cash in treasuries remained cited as strong support.
MENTIONED IN THIS ARTICLE
Mexico
United States
Germany
Ammconda
Anas
Treasury Steel
Ray
Bananea
Inspiration
China
Sb T
Utah
Granby
Kennecott
Tennessee Copper
Maske
Market Rumors and Stock Moves In War Talk
The report notes stocks faltering as Mexico war fears rise with declines in Ballaklava and North Butte while United Verde Extension opens at 1q. and Butte Copper dips to late lows. Industrials slide with Crucible Steel weak after rising. Mexican tensions trigger cautious stance and calls for possible war declaration before week end.
MENTIONED IN THIS ARTICLE
United Verde
Jerome Verde
Flutte Ballaklava
Boston Montana
Hutte New York
Butte Copper and Zinc
Jowest
Anaconda
Fast Butte
Davis-Daly
Gore
Utah
North Butte
Copper output cut by Mexican situation worsens supply
The Mexican situation sharply reduces copper output. Greene-Cananea and Phelps-Dodge Montegoma mines shut, cutting about 6,000,000 pounds monthly and risking a price surge. Overall, the copper trade faces its most serious development yet with a drop of over 700,000,000 pounds annually.
MENTIONED IN THIS ARTICLE
Greene- Cananea
Phelps-Dodge
Monteguma
Nacozari
Butte and Superior Net Proceeds Rise in Tax Report
County Assessor P. Sullivan received Butte and Superior Co. net proceeds reports for 1915–16 totaling 10,497,079.28 dollars, nearly quadruple the prior year. The document cites ore tonnage of 691,562 with a gross value of 20,271,000 dollars and per ton costs for extraction, transportation, and reduction, plus labor and supplies expenses, noting long hauls from Bartlesville and Carney.
MENTIONED IN THIS ARTICLE
Sullivan
Butte & Superior Company
Reher
Silver Bowl
Black Rock
Ilesville
Okla
Carney
Kan
Helena
Mont
Davis Daly mine output boosts as stock sinks to $1.25
Davis Daly reports daily ore production around 100 tons with ore from levels 1400 1500 and Sisco averaging copper content 2.6 to 6 percent. Management cites potential doubling of output after new hoist. quarterly results show a small profit expected by quarter end while March deficit was 28000 dollars. Caledonia Mining declares July dividend of 3 cents per share to holders of record June 26 totaling 78150 dollars, lifting yearly payouts to 621000 dollars. Metal market notes copper dull and tin prices firm with lead and spelter quoted in New York.
MENTIONED IN THIS ARTICLE
Davis-Daly
Hutte
Boston
Davia-Daly
Creden
Caledonia Mining Company
Tee Aeaent
New York
Teal Exchange
The
Metal Exchange
East St Coulis
Stock orders and bids list from Lauzier-Wolcott Company
Partial listing of buying and selling bids across numerous mines including Alameda Harnes King Butte Baconi Bullwhacker New York Caledonia Nabob and others. Brokers invite clients to list orders at 51 East Broadway Butte for market confirmation and execution.
MENTIONED IN THIS ARTICLE
ORDEL
Alameda
Alliance
Harnes-King
Butte & Bacori
Om Butte & Bullwhacker
Butte & Ely Butte & Ely Butte & Londor Butte
New Yo
Switen Davie-Daly Douglas
Butte
Highland Surprise
Independen
Keating Gold
North Hutte
Caledonia Carney Copper
Colusa Leonardix
Davis-Daly Douglas
Pub
Montana
Highland
Surprise
Independence
Mont
Reilance
Marsh
Nabob
National Life Ins
North Butt
Ray
Hercules
Ohio Copper
Stewart
ONTA
Lauzier-Wolcott Company
East Broadway
Wall Street Close Amid Broad Declines On Mexican Situation
New York June 26 Last week’s liquidation resumed today with broadly steady declines and slight late recovery. Mexican situation remains the dominant factor with Corn Products Refining and Tees crop prospects influencing values. Corn Products common fell 6 percent with 11 for the preferred. United States Steel showed heaviness. rails weakness noted. bonds heavy overall.
MENTIONED IN THIS ARTICLE
New York
Corn Products’ Refining Company
Tees
Paris
United States
Also Mentioned on This Page
Tember
Hells
Heilbronner CO
Hammill & Co
Wash
Thaton
Crucible Steel
Krnwonda
Weitwest
Butte & Superior
Greene Cananea
Stexican Petroleum
Micohol
Studebaker
Mike
Washington
Department
Moston—La Rose Consolidated Mines Company
Payne, Webber &C. Logan & Bryan
Wilsonia
Congress
Ben Bryan
Cody
Bryan
Tom
Tean
Stout
Isle Royale
la Rose
the Times
Wall Street
War Department
New York Bank Reserve
Coneston Dens
Hayden, Bone & Co
Fe 'Hutton
MAIN
nNire
Wes
Ephone
Atlante
Barnes-King
Heilbronner Company
Bellevue
Butte Land & Investment Co
Granite Street
Butte Stock Exchange
Helmont A
Rarnes King
Rannack
Butte-Great
London
Butte-Bulinha
Butte-Monitor
Beton-Montana
Butte-Rocher de
United Copper
Intermontain
Taney
Lee Co
Tdaho-Montana Tn
Tora
Callabian
Intermountain
Knob Hill
Tucky Calumet Ab
Lucky Jim
Marshay
Ational
Pennsylvania
Exigan
Eadedonta
Wall Street Close
American
American American Car and Foundry
American Locomotive
American Smelting & ‘Refining
American Sugar Refining
American Tel
American Zinc
Anaconda Copper
Atchison
Baldwin Locomotive
Baltimore & Ohio Brooklyn Rapid
Transit
Butte & Superior Copper
California Petroleum
Canadian Pacific Central Leather
Chesapeake & Ohio
Feage, Milwaukee & St
Jicago’ & Northwestern
Chicago, HT & Pac
Rychino Copps
Colorado Fuel & Iron Corn Products Refining
Jcible Steel Securities
Hiectric
Northern Seaorthern Oreetts Milinois Central
Interborough
Consol, Corp
Inspiration Copper International Harvester
N. J
Mer
Marine Ptd
Ctfs
Kansas City
Copper
Toulville & Nashville
Mexican Petroleum
el Miami
Missouria & Texas Ptd
Missouri Pacite
National Lead
Nevada Copper
Rye
Netsie
Northern Pacific Pacific Tel
Tel
Pennsylvania Ay
Consolidated Conner
Renaine Republic
Tron & Steel Shattick
Arizona Copper
Southern Pacific Southern Railway
Yccsss
Studebaker Co
Tennessee Copper Texas Co
Union Pacific Do
Vite Statee
Vita
Wabash
Western Union Westinghouse Lectris
CURB
Hellbranner Company
Ned Am
Alaska
Atlanta
Monian
Rats Butte
Calumet & Corbin
Tedonia
Canada
Arizona
Chile
Dav Daly
Emma
Federal
Si Goldfield
Mowe Sound
Iron Blossom
Magma
Aimerica
Majestic
Cornelia
Nipissing
Omio
South Lake i
San Francisco
Paine, Webber & Co
Atlanta Roathey Blue
Diarvondifieta
Dexter
Great Bend
Virgin
Confidence
Hale & Norcross
Ophir
Savaxe
Sierra
Evades
Union
Boy
Dim Butler
Montana i
Atiupal
Maenara
Star
West End
Pitts Silver’ Peak
Nevada Hills
Jinas
East St. Louis
Stock Exchange
North Main Street
Butte, Mont
Orde
Krabler & Street
Arizona Street
Broadway
Uley
Idaho-Montana
Inv
Daly Bank and Trust Company of Co
Charles J. Relly
First National Bank of Butte
Apd
Sures
George UT Stephenson
Aesiat
W. A. Clark
W.a.clark & Brother Bankers
Ross CL
Peo Copper Mining
Bonner
ABC
Western Nonana National Bank
Missoula, MO
D Surpiua
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