Bear market sustains slips as stocks hit new lows
On May 15 a slim trading volume saw nearly a dozen new yearly low records. Bear traders induced selling amid weak demand, with prices drifting downward and liquidation appearing in multiple sectors. Bond activity eased while a long list of major issues remained on the call, reflecting cautious markets and gold news informing the session.
MENTIONED IN THIS ARTICLE
New York
Warrow
Canadian Pacific
France
Bank of France
Paris
Bank of England
New Haven
United States
Important Case Won by the Barnes King
The Barnes King Development company won the Heinze suit in the United States circuit court of appeals in New York reversing the lower court. Western Development claimed $97,000 for alleged fraudulent representations by Fischer. the case involved stock purchases and treasury stock issues. The decision ends the litigation and the Barnes King finances appear strong with new mining prospects at North Moccasin and Progan-Gloster improving.
MENTIONED IN THIS ARTICLE
Barnes-King Development Company
Heinze
United States Circuit Court of Appeals
New York
A. P. Heinze
District Court
Omcers
Barnes-King Company
Butte
A. J. Shores
John G. Moroney
Western Development Company
New York City
Barnes- King Company
Arthur P. Heinze
W. H. A. Fischer
Western Devvelopment Company
United States
United States Court of Appeals
Treasury
Barnes King
Treasury Pany
Treasur
Greater
Epth
Progan-Gloster
Marysville
Chicago Market Wrap Improves Wheat as Prices Steady
Chicago traders pushed wheat higher on May 15 as buying revived and shorts covered. Corn held firm, oats strong, and provisions clearer with hogs light receipts. Primary wheat receipts were 545,000 bushels, with heavy seaboard clearances and Canada weather cited as softening factors.
MENTIONED IN THIS ARTICLE
Chicago
Seaboard
Canada
Pacific
Sige
Ste
Barney
Timothy
Conditions Dampen Stocks as Brokers See More Bad News
Market notes warn industrial conditions across the country are very weak with rising unemployment. Analysts predict the stock market may still drag before any sustained upturn while liquidity and financing for crops and railroads loom as key factors.
MENTIONED IN THIS ARTICLE
Paine
Boston
Dividend notices and market comment from United reports
New York United Cigar Stores declares 1 percent preferred dividend. Woolworth declares 1 percent preferred dividend. George Whiteman questions copper purchases and fears selling Union and Canadian Pacific. Scott declares 80 cents dividend payable June 39. Market remains bearish under Canadian Pacific influence. T. H. Perkins & Co. assigned. Butte Mining Stock Exchange noted.
MENTIONED IN THIS ARTICLE
Coprer
American Can
American Car and Foundry
American Cotton Ot
American Tee
American Locomotive
American Smelting and Tenning, ‘Do
American Sugar Refining
American Telephone and
American Tobacco
Anaconda Mining Co
Atchison E Do
Atlantic Coast Line
Baltimore & Ohio
Bethlehem Steel
Brooklyn Rapid Transit
Canadian Pacific Central Leather
Chesapeake
Laclede
Lehigh Valley
Loutaville & Ni Minn
New York
Seaboard Air Line
Sloss-Sheffield
Southern Pacific Southern Railway
Tennessee
Canadian Pacific
New Haven
Chesapeake & Ohio
Farrel
Federal Mining and Smelting Company
United Cigar Stores
George Whiteman
Union
Duluth
Butte-Alert
Scott
Boston
T. H. Perkins & Co
Butte Mining Stock Exchange
Money Market Briefs From New York May 15 Market Rates
Prime mercantile paper and sterling exchange remain steady in quiet trading. Bankers’ bills show 481 for 60 day bills and 488.90 for demand with commercial at 482.12. Money on call steady near 2 to 3 percent, with the ruling rate around 2.5 percent. Government and railroad bonds ease slightly as market conditions hold, with silver and Mexican dollar quotes unremarkable. Time deposits hold steady with 60 days at 2 percent, 90 days at 2.5 percent, and 6 months around 3 percent.
MENTIONED IN THIS ARTICLE
New York
Portland Livestock Prices and Manila Railroad Update
Portland Oregon market notes show cattle receipts around 200 with firm demand for choice and good steers and cows and calves, while hogs see a weak market with prices near eight to eight thirty. Sheep listings include yearling wethers and lambs. The Manila railroad southern branch reaches Lucena and traffic begins.
MENTIONED IN THIS ARTICLE
Portland
Ore
Manila
Lucena
Trafic
Signature and checking ease from early banking notices
The piece extols the convenience of checking accounts, highlighting record keeping, avoiding cash, and universal acceptance of signed checks. It praises the comfort of writing amounts and having them honored, mentioning savings rates and the booklet.
Also Mentioned on This Page
Leys
C. B. Hoskins & Co. Druggists
North Main Street
Anaconda Copper Mining Company
Bonner
Montana
ED Rose
The
Jewsie
Oscar Stenberg
Broadway
Ind
West Galena
Bate, Mont
CARR
Paine, Webber & Bia
Askely Consolidated Ae Firet
Giroux
Yukon
Utah
Salt Lake Mines
Metal Market
Lake
London
East St. Louis
Ray State Gas A Oo Ophir Braden
Savage A Mason V Iiey Te Oy
Sierra Wade
Sioux Consolidated
A Union
Colorado
Belmont
le Moston
Nevada Hille Ite
Queen Roston
Jim Butler
Mi Ronopal
Paine, Webber & 60
Midway Ria
Montana-Pitire
Algomat
Montana Ni
Ainsken
MacNamsie
Anmeck
North Star
Arcadian
Rescue Buta
Tonopah Extension
Alloure Ee
West End
Arizona
Hecla
Contenn
Paine, Webter & Co
Chine Copper Range
Lorado
East Butte
Franklin - Oy
Blossom
Little Bell
Giro
Mammoth
Hancock
Mountain Lake
Ohio
Isle Tova
Silver King Coalition
Mason Valleys
Miami
Victoria
Mohawie
Nevada
Dominion
Osceola A & Pond Creek
Quite
Consolidated
Swift
Santa Fe
Shannon On Shattuck
Superior
Winona Wolverine
Paine, Webber & Co
Butte Central
Belmatee
Elys Butte & London
Cacti Calaveras
Corbin ‘Opper
Corte
Davis-Daly
Elys Consolidated
First National
Florence Goldfield Consolidated
Helvetia
Kerr Lake
Keweenaw
Majestic
Mckin Y Darragh
Nevada Doulas Ms Ts
New Bath
North Ak
Ormway
Stventh Lake
Tor & Stonity Stewart
Yukon Gold
United v Extension
Keating
Bia
Atlanta
Floren
Sumbo
Lone Star
Dexter
Manhatte
Consolidated Virginia
Hale & Norero
Mexico
Chicago Market
Chicago Livestock
Texas
Ark
Logan & Ryan
Washington
Inter
Stock Exchange
Sulzer
Redfield
Dee
Quincy
N. Main
Billings Oil CO
J. J. McGreevy
Bell Phone
Silver Bow Block
Silver Bow National Bank
Woolworth
Alameda
Sans
Barnes-King
Alex Scot
Sary Butte
Bite & Elliston
Ty Butte
Butte & Superior
Butte & Sup
New
Keating Gold
Krac
Ohio Copper
Ohio Keating
Stewart
Alex Scott
Tuolumne
Money Market
Portland Livestock
State Savings Bank
First National Bank of
Asnier Sv
Sint Bms
Daly Bank and Trust Company of
Incorporated
Charles 3. Kelly
John D. Ryan Sor Runkel
Amships
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