Trading Uneven As Favorites Lose In Shaky Market
Uneven trading left most favored stocks down at times after a mixed opening. News of South African gold shipments to London briefly boosted sentiment before selling reasserted itself. United States Steel forecasts soured, though money markets firmed with call loans at 4 percent and bond activity irregular across issues.
MENTIONED IN THIS ARTICLE
New York
Forse
London
United States Steel Corporation
Rock Island
United States
Settlement talks swirl around Anaconda and Butte-Ballaklava
The Butte Ballaklava group and Anaconda company report ongoing negotiations on a settlement of the libel and vein dispute, while officials deny any final agreement. Dispatches cite stock movement and market volatility as negotiations linger, with mixed signals on whether shipments will resume.
Stock list strong early hours with sharp close
The New York list showed strength early but fell back toward the close, highlighting market weakness and limited public interest. Butte and Balaklava were active, opening at 5 and sliding to 44 before a late rally to 4%. Negotiations with Anaconda continue amid wide swings from market narrowness. Logan and Bryan report transportation remarks urging rate increases and facility expansion to support higher costs, while other sources note copper stock activity, investor buying, and short covering amid a cautious market.
MENTIONED IN THIS ARTICLE
New York
Paine
Boston
Butte and
Balaklava
Baston
Anaconda
New York—Commercial
Herald
Wall Street Journal
Wandal American
Sun
Favo
Wheat Market Decline Follows Argentina Weather Report
Chicago wheat prices fell as a weather disturbance in Argentina influenced trading. Declines persisted despite smaller than year ago receipts, with selling by hedgers and shorts tightening supply signals. December wheat opened around 5 1 2 cents and closed lower amid moderate demand, with oats and corn showing varied moves and cash commodities, receipts at 2,000.
MENTIONED IN THIS ARTICLE
Chicago
Argentina
Suez
Beto Ae
Timothy
Texas cattle and sheep market receipts amid scattered notes
The report shows cattle receipts with steady activity and prices for prime steers and cows, along with heavy calves and lambs. sheep receipts and market tone noted as steady. Industrial mentions include copper and electrolyte pricing, with various regional observations and a Kansas City weather note.
MENTIONED IN THIS ARTICLE
Portland
Ore
Dulin
Mining laws and investor protection in 1913 letter
Martin D. Allen of Butte writes to the Anaconda Standard urging safeguards for small investors in mining. He cites W R Allen and the American Mining Congress, warns against blue sky schemes and stock promoters, and proposes a cautious framework to shield ordinary shareholders from exploitative tactics. The letter reflects early 20th century mining finance concerns.
MENTIONED IN THIS ARTICLE
W. R. Allen
American “Mining Congress
Philadelphia
API Anaconda
Agi
Reed
Bret Hart
California
Faltor
Weddler
Martin’ D. Allen
Butte
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