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This newspaper page contains 9 articles. Subscribers can read the full text of each article.
Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Apr 02, 1907
Page
9
The market notes firm activity with Osceola and Tamarack March outputs up and down from year-ago levels. Osceola shows a 1,000,000 pound drop, while Tamarack rises 224,000 from February. Copper range and Utah Consolidated yield strong returns. Great Northern rights move to NYSE quotations.
The Boston Market reports the day’s stock and bond market course with total sales tallied. Bond details follow in the accompanying table, listing figures for various issues traded throughout the day.
The curb market shows broad activity with notable advances from Friday. Nipissing gains from 127-8 to 131-4 and Green Cananea moves from 161-4 to 17 while Superior and Pittsburg rise to 201-2. Acme Consolidated climbs four cents to 37.
The New York stock market rose today in the absence of London as an index of foreign sentiment. Traders watched the rebound after Friday's gains, with a sharp reaction as Canadian Pacific and Great Northern moved. President Roosevelt will again seek congressional power to curb overcapitalization of railroads and plans to press for stronger federal regulation of interstate commerce.
President argues for regulation and supervision of railroads by Congress and stronger ICC powers. He criticizes overcapitalization and calls for responsible corporate accountability while opposing universal public ownership. He warns against state chaos and stresses moderation in rate regulation to serve national interests.
New York stocks note an April boost as late reports forecast a sealing fleet will capture about 230000 seals. The catch is expected to be larger than previously anticipated with operations likely to continue through April.
Copper output in the Butte district for March rose above recent monthly levels but failed to hit 27 million pounds. Washoe plant received about 10,000 tons daily, Great Falls plant 3,000 to 3,500 tons, and North Butte shipments averaged 1,300 tons per day. Most mining focused on ore extraction as development paused amid wage disputes voted on by the two unions on the 26th. Estimated total copper production reached about 25,875,000 pounds with each contributing mine aiding the output.
About 1000 grooms from riding academies and livery stables in New York City went on strike to press employers to recognize their new union and sign a contract. employers refused.
The Calumet and Arizona’s 1906 annual report shows copper production of 37,470,284 pounds with an average price of 17.12 cents and gold and silver income of 238,464 dollars. Net income 4,827,878 dollars, dividends 2,600,000, total surplus 4,666,133 dollars. Balance sheet lists cash and copper at 0.72 million, ore at mine and smelter 242,170, and total assets 4,924,827 dollars with liabilities 258,693 and surplus 4,666,133. President Charles Briggs notes 976 workers, 587 at the mine and 369 at the smelter. Options payments for a new Arizona mine may total 1,575,000 dollars, payable over time. Development work for the year reached 14,818 feet.
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