Markets and Mining News Reflect Sale Pressure
Markets in Chicago show heavy selling and nervous closes as corn and oats trade amid weather and supply concerns. Prices drift with oats and hogs seen with limited demand from packers, while butter and poultry margins shift. Minneapolis grain receipts rise with cash demand noted amid unsettled markets.
MENTIONED IN THIS ARTICLE
Chicago
Renee
Italy
Great Britain
Livestock price mixed across Chicago and Spokane markets
Chicago hogs and cattle show varied quotes with prime and choice grades listed from $9.60 to $14.60 for hogs and $9.00 to $13.00 for cattle. Spokane reports similar activity with hogs up to $1.75 and fat cattle rising, while credit men from multiple western states attend the Northwest Wholesale Credit Men's Association convention in Spokane.
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Spokane
Cme
Spokane, Mareh
Washington
Oregon
Montana
Idaho
Northwest Wholesale Credit
A. K. Matzger
Seattle
W. B. Layton
Portland
Hugh B. Clark
Tacoma
Market News Mixed as Stocks Rally and Slump
The New York stock market opened with a tentative rally driven by hopes for tax timing relief and strong industrials, then retreated as money flow tightened. General Motors surged early, Crucible Steel rose briefly before giving back gains, and transportation stocks slumped in late trading amid rising interest rates and wavering foreign exchange dynamics.
MENTIONED IN THIS ARTICLE
York
Stock Exchange
Soares
New York
Call Money Rises to Fifteen Percent in New York Market
New York traders watched call money surge to 15 percent after opening at 8 and sliding to 7, dragging down the market. Industrials sagged, with General Motors Mexican Petroleum United States Steel United States Rubber Baldwin and Equipment showing declines as coppers held and a slow trading day persisted. Time loans offered at 9 percent, with select stocks like Texas Pacific and Southern Pacific showing movement amid cautious banking sentiment.
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Heilbronner Company
New York
General Motors
Mexican Petroleum
United States Steel Common
United States Rubber
Baldwin
Southern Pacific
Texas Pacific
Fracible
Silver Pick Mining reopens Julian mine at Elliston after price surge
The Julian mine at Elliston, closed as silver fell to 48 cents, has been reopened by the Silver Pick Mining company led by Buttemen. Hugh Daly visited the property this week and reported good conditions. Unwatering is complete and sinking from 300 to 400 feet continues with new machinery installed. From 1910 to 1914 the mine produced over 300,000 in silver ore, with recent shipments to East Helena and Washoe smelters. Current assays show about 119 per ton with 54 oz silver, 4 percent copper, 8 percent lead, and $10 gold. A 20-man crew is employed. nearby Monarch and Big Dick properties also operate sizable crews.
MENTIONED IN THIS ARTICLE
Julian
Elliston
Pick’ Mining Company
East Helena
Washoe
Monarch
Big Dick
Daly
Liverpool mine shows rich ore near Helena in Lump Gulch
Ore assaying from $100 to $800 per ton has been uncovered in the Liverpool mine in the Lump Gulch district near Helena. The new ore is four to eight feet wide, explored 90 feet, in virgin ground and separate from old workings. Shaft releveling from 755 to 800 feet planned. Simons says 30 tons daily production is expected to rise as crews grow. Sliver King Mining else reports progress at Jawbone mine with a 100-foot crosscut and extensive ore in sight. A large will of Capt. Clifford Bleyer in Chicago is valued around $500,000 with a $75,000 life policy.
MENTIONED IN THIS ARTICLE
Liverpool
Lump ‘Gulch
Helena
Charles Fryberger
Harry Simons
Detroit
Simons
Sliver King Mining ‘and Reduction
Hassel
Broadwater County
Montana Mining Association of
Helnea
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