Railroads steel and copper shares buoy market
Renewed activity in railroads and strength in steel and copper shares opened the trading day. Rail shares advanced and held gains while copper rose early then settled near open. Reports of favorable news on railroad policy and financing spurred buying, with industry outlook seen as attractive and long lines urged to be trimmed as speculation mixed with cautious profit taking.
MENTIONED IN THIS ARTICLE
Hellbronner
Hutton
Congress
Miami
China
Trix
Financial
Lauzier-Wany
Lackawanna Steel
Presen
New York Central
Canada
Union Pacific
New York
Lauzier-Walcutt
Baldwin
Development work west of Butte shows results
The report details mining progress near Butte with Orphan Boy, Orphan Girl, Bonanza, Tropic, and Anaconda areas. Drifting progresses on the Orphan Girl fissure reveal surface ore, while the 600-foot level shoot is to be picked up. Abandoned work at Bonanza shifts efforts to Orphan Girl. water inflow hampers pumps as crews move gear.
MENTIONED IN THIS ARTICLE
Butte
Ondalas
Bonanzay
Bohanga
Bonanza
Hanies
Bs Fond
Tropic
Advance in silver boosts earnings across major producers
The Boston News Bureau reports large silver producers including American Smelting and Refining, Anaconda, Butte & Superior, Calumet & Arizona, Greene, Kerr Lake, North United States Smelting, and Utah Copper saw material advances in value as silver prices rose. Estimates show earnings gains per share from a 1-cent rise in silver price, with American Smelting at 11.90, Anaconda 0.47, North United States Smelting 4.36, and others: Butte & Superior 1.0, Calumet & Arizona 0.17, Greene 0.34, Kerr Lake 0.31, Utah Copper 0.03, noting some ore is bought from markets rather than smelted.
MENTIONED IN THIS ARTICLE
United States
Boston News Bureau
Anaconda
Butte & Superior
Calumet & Arizona
Greene
Kerr Lake
North United States
Utah
Wall Street Sees Confidence Ahead of Congress Session
New York May 16 The stock market strengthened with rails showing gains as investors expect substantial benefits from federal legislation. Transportation issues led, with Texas and Pacific Missouri Pacific Chicago Great Western and others advancing. Profit taking trimmed gains late, total sales reach 13 275 000 par value. Bond market remained strong except for rail traction slips.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Congress
Texas & Pacific
Missouri Pacific
Chicago
United States
Vance
Bates
New York Stock Quotations and Listed Companies
Wall street quots show American Can American Car and Foundry Bethlehem Steel General Motors Union Pacific and Westinghouse among others. Copper and ore miners like Kennecott Missouri Kansas Tennessee Copper and Great Northern appear with preferred issues and Liberty securities. Trading totals show 1.6 million shares at 99.12 dollars reflecting market activity.
MENTIONED IN THIS ARTICLE
Cione
Attin-chatme
American Car and Woundey
American Vocehouive
Solar
Sumatra
Zelegraph
Ead
Naconda Copper
Atonison Soon
Baldwin ‘Lasoindiies
Bethlehem Steel
Baltimore
Brooklyn
Neventern
Rhino ‘Copper
Colorado Fuel
United Food Veers
General
General Motors
Great Northern
Greene-Cananea
Srees
Wi ‘Ather
Nterborough Con Corporation
Kennecott Hexan
Missouri
Kansas
Tennennee Copper
Sess
Union Pacific
United States
Liberty
Hind Winery
New Prospecting Near Butte Opens Silver Deposits
New prospecting around Butte east hills reveals properties long owned by local residents gaining new ore deposits. Reports indicate recent shipments and silver yields from the area. Market notes reference New York money market conditions and 60 day bills amid a busy mining district update.
MENTIONED IN THIS ARTICLE
Butte
Hi Drthe ‘Divide
Sm Blk
Wheat Prices and Market Notes From Minneapolis Report
Minneapolis May 16 Wheat receipts totaled 121 cars, with prices mostly unchanged from last year. Cash No. 1 northern corn No. 4 yellow at 31.68 to 1.69, oats and flour steady. Shipments noted. several price references and money market fluctuations appear in the brief market update.
MENTIONED IN THIS ARTICLE
Inserpolis Ghaly
Minneapolis
Carroll Harley
Davis Daly Mining Expenses From Ore Raise Treasury Strength
Davis Daly reports expenses from ore mined in recent development work, with surplus above costs to fund surface improvements. The company expects regular production to resume with treasury funds intact, as Max Atwater improves at Rochester Mayo Hospital and is anticipated to return soon.
MENTIONED IN THIS ARTICLE
Davis-Daly
Tt 18
Treasury
Max Atwater
Mayor Hospital
Rochester, Minn
Butte
Livestock Prices Skip Through Markets in Midwest and Northwest
A Special Dispatch reports May 16 market data from Chicago and Portland showing cattle hogs and sheep activity. Chicago receipts around 3,000 with mixed quality steer heifer and feeder classes and highs near $20.70 for heavy hogs. Portland cattle strong with top steers around $11.00 and hogs steady to firm. sheep receipts about 6,000 with lambs 33 to 34 pounds and ewes near $10 to $11 with overall slow or steady tone.
MENTIONED IN THIS ARTICLE
Chicago
United States Bureau of Markets
Starket
Yenterday
Ium
Aigcer
Portland
Steven
Oman
Scarren
the Standard
Seattle
Also Mentioned on This Page
Bupte Stock Exchange
Apex Refining
London
Inney
Petrores i
Mont Hel
Mont
Mt. Vleecer
Hercules
Richmond O Rocher
Cratch
Towart
Pactumne
United
Sas
Vander Mining
Yornconn
Prom
Henronger Company
Ikea Sas
Amazon
Atlas
Glencora If
Hollinger
Hee Howe
Magma Magia
Mason
Mervin
Nipissing
Poulsen
Sonopan
United Motor
Einvata
Wera
Wright- Marcia
Wasiana
Holibromer Company
Adventure
Adventure Oo
Moma
Arizona
Bop
Daly
West Hast Butte
Kranklin
Hancock
Isle
Land
Indiana
Osceola
Paibway
Pond Creek
Olverine
Vandotte
By Briggs
Henry
Aly
Tie Phong
Tane
NEW York Exchange
Wieetroly Ti Mead
St S.die
von Ooh
Hellbronner Company
Aiea
Bingha
Bohemitch
Boston
Ae Davies Dal Aevagle & Bluebell
Majestic Fevudas
Douglas
New Haltie New Cornelia
Ohio ‘Copper
Money Market
Davis Daly
Daly Bank and Trust Company of
General Bankinc
Ausini
Charles
Relly
John D. Ryan Horne
Skee
Finlen
Silver Bow National Bank
Memmer Federal Reserve Bank
A Clark
Ross Clark
W.a.clark & Bro
Ast
Nal Bank
noTreopal
Davie
Datton
Hans. Vane
Lauzier - Wolcott Company
Cascade
Croat
Laberty
DR. Lamb
Ston
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