Bearish market factors deepen with poor railroad earnings
Market reports show continued bearish pressure as disorganized conditions at exchanges, slipping railroad profits, and labor demands fuel liquidation. Sentiment cites tentative Union Pacific moves, potential Southern Pacific syndicates, and wary banking amid easing European conditions, with forecasts calling for lower price ranges ahead.
MENTIONED IN THIS ARTICLE
Paine
Hoston
New England
Logan & Bryan
New York
Harriman
Union Pacific
Torveys
Anl
Union
Southern Pacific
Prices Tumble Amid Broad Market Shifts and Bond Notes
Advices from abroad falter and markets see declines as mills shut down. A long list of securities across major industries shows widespread weakness with several blue chips and utilities trading at lower levels, while some issue classes remain preferred or registered with varying coupon statuses.
Trouble in Milling Seems to Be Ended
Butte and Superior second mill section expected to start early next week. The mill treats over 700 tons daily with about 20 percent zinc ore and saves over 9 percent. Mexico unrest delays dividend action and may affect Greene-Cananea operations. Half the mines closed. full recovery unclear. New York mercantile and London market notes wrap the report.
MENTIONED IN THIS ARTICLE
Hayden, Stone & Co
Butte & Superior
Tong Ago
Butter & Superior
Jackling
Butte
Boston
Salt Lake
Direc
Greene-Cananea
Mexico
LMI
Nea
Market Report Shows Copper and Spelter Activity
Market notes indicate copper and spelter prices with weak spot copper around 8.9 and London copper steady. Exports this month total 8,941 tons, with futures and London base prices listed. Butter and eggs markets in Chicago show creamery and ordinary firsts pricing and receipts noted.
MENTIONED IN THIS ARTICLE
London
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Butte, Mont
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RA Kunkel
First National Bank of
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Wert
Dutton
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