Mexico Factor in Market Sways Tries to Lift New York Trade
Mexico again influenced the market with official advices signaling gains in New York trading. Bonds were irregular as major issues rose and fell with United States Steel and Amalgamated Copper among leaders. total sales reached 2,001. United States bonds remained unchanged on call and several industrials showed subdued to notable gains amid mixed dividend expectations.
MENTIONED IN THIS ARTICLE
New York
Mexico
Chadian Pacific
Harrimans
Head- Inn
United States Steel
Amalgamated Copper
Jing
Ktudebaker Issies
Mercantile Marine Das
United States
Financial Market Summary From New York May Day
Mercantile paper and foreign exchange news show Sterling steady at 1.88, commercial bills at 4.56, and call money near 2 percent. Government and railroad bonds hold firm while bullion and metals markets report copper and spelter steady with modest price movements.
MENTIONED IN THIS ARTICLE
New York
Mercantile
Sterling Exchange
Butte Milwaukee Copper Considers Property Sale
A special meeting is set in Butte on June 2 to vote on selling the Butte Milwaukee Copper property to a New York holding firm and to distribute proceeds pro rata after debts. The move targets stockholder minority resisting stock exchange, with Butte New York Copper holding over 312 percent and offering a two and a half to one exchange. The letter notes the single asset of the Butte New York company and questions two-company maintenance. The offer remains open until July 1.
MENTIONED IN THIS ARTICLE
Butte-Milwaukee Copper Pany
Butte
Hu New York Copper Company
Hutt New York
Butte-Mill
Hutte Y
Butte & Superior Sn
Hutte-Mill
Als
Init
Eire
Butte-New York Copper Company
Butte- New York
Risle
East
Butte New. York Copper. Company
Butte-Allwaukee Copper Company
Butte-New York Company
Mexico City May Denies Japanese Cruiser Reinforcement
A Mexico City report denies Japan plans to reinforce two cruisers to Mexico to remove Japanese from the west coast. The Izumo, now in Mexican waters, will not be reinforced but will be met at Manzanillo by the Zivco Maru to provision and coal her. The minister says the Japanese wish to stay, friendly with Mexicans and not fear hostility. American departures for Vera Cruz have slowed and passport demand at the Brazilian legation is slight. About mambars murky.
MENTIONED IN THIS ARTICLE
Mexico City
Japan
Mexico
Manzanillo
Vera Crus
Bras ‘Alian Legation
Market markets rally as Amalgamated, Keating lead gains
A stronger market closed higher with steady buying across stocks. Amalgamated rose on takeover talk of International Smelting and Reining. Ohio Keating attracted attention with large block sales. Reports from exchanges cited improved trade and optimism on Mexican developments lifting confidence and aiding foreign demand.
MENTIONED IN THIS ARTICLE
London
Te A
Reef
Anada
Tatte & Superior
Ohio
Keating and
Stewart
Profits of Barnes-King at present show decline
Figures released by Barnes-King Development show April profits after costs at 1490 dollars. bullion yield 9.88 per ton totaling 32406.49 from 328% tons. May profits expected smaller. ore improves may lift future returns. Road to mine poor. mill and buildings awaiting repairs and development work is advancing slowly.
MENTIONED IN THIS ARTICLE
Barnes-King Development Company
North Moccasin
Barnes King
Plegan-t Gloster
Marysville
Chicago Markets Affected by World Wheat Supply Drop
The Chicago market closed steady to slightly higher with wheat aided by a large global supply decline. May wheat opened at 9, high 9 1/8, low 8 7/8, close 9. May corn opened 7 1/8, high 7 1/4, low 7, close 7 1/8. Oats opened 4 1/8, close 4 1/4. Beef and pork futures mixed as traders weighed moisture, weather, and supplies. Receipts: cattle 15,000. hogs and sheep mixed. market activity steady to soft in several sectors. Prices listed for long and short term contracts, with regional notes from Chicago and Minneapolis.
MENTIONED IN THIS ARTICLE
Chicago
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