Pittsburg Montana Company to Issue East Butte Stock
The article outlines East Butte property expansion plans and Pittsmont asset details. It notes large property area across eastern copper vein trend, two shafts, current output of 140 tons daily ore and 200 tons second class ore, with first class ore averaging 7 percent copper. Pittsmont mine yields about 6,000,000 pounds copper per year along with cash: 200,000 ounces silver and 400 ounces gold. Smelter capacity could rise to 500 tons daily with $30,000 investment. total mine and smelter costs exceed $1,000,000 plus $2,000,000 underground development. Management to move to Boston. Oscar Robin to stay as general manager.
MENTIONED IN THIS ARTICLE
Pittsmont Company
Pittsburg
East Butte Treasury
East Butte
Treasury
Gross
Pittsmont
Wast Butte
North Butte
Butte
Pittsburg Montana Company
Boston
Oscar Robin
Southwestern Development. CO
United States
Mexico
Federal Trust Company of Boston
New York
Group No. 1
Marius Mountain
Riverside County
California
Casa Vieja
Hermosillo
Sonora
Market Closes With Mixed Readings Amid Optimism
The Street edged higher in places with Reading and other leaders showing gains while Utilities and Harriman issues faced pressure amid talks of Mr. Harriman’s retirement. American Telephone hit a new high. North Butte and East Butte moved on mixed signals as bond and stock adjustments continued.
MENTIONED IN THIS ARTICLE
State Street
Reading
Harriman
U Harriman
Union Pacific
Southern Pacific
Wisconsin Central
New York Central
the Public Service Commission of
New York
The
Erie
American Telephone
Telephone
St. Paul
Denver & Rio Grande
Steel Common
New York Stock Exchange
North Butte
Hast Butte
Smetters
Wall Street Notes on S W D and Telephones Rally
Spectacular curb market move lifts Southwestern Development from seven cents to 11 16 in nine trading days amid large stock accumulation and heavy short selling by the talent. American Telephone hits 141, highest since 1906, with New York and Baltimore & Ohio activity cited. Cincinnati Hamilton & Dayton balance sheet moves discussed, plus Newhouse reorganization speculation and Franklin Mining remarks.
MENTIONED IN THIS ARTICLE
New York
Eureka
Silver Queen
Nipissing
la Rose
Cumberland-Ely
Cobalt Central
Dominion Copper
Majestic
Raven
Bay State Gas
Yukon
Southwestern Development Co stock tip and offerings
An aggressive pitch promotes buying Southwestern Development Co shares from 10c to 2.50 and urges follow up as a future surge may push to 2.50. The note outlines the company’s mining properties in California and Sonora Mexico, treasury shares, and a long list of brokers authorized to trade the stock.
MENTIONED IN THIS ARTICLE
Boston
Southwestern Development
First National
Yukon
Bay State Gas
Boston Curb
State Street
Richard J. Burton
Congress Square
Also Mentioned on This Page
Lin
William E. Soule
New Haven
Draper
House of Representatives
Mast Butte
East Butte Copper Company
Robert H. Gross
Pittsmont Copper Company
Pittsburg & Montana Company
J. H. Reed
Hawkers
Eerssons
Reichsmarks
Neon Nt
Guilders
Baltimore & Ohio
Cincinnati
Hamilton
Congress Street
Newhouse
Samuel Newhouse
Dow
Franklin Mining Company
Franklin
Quincy
Rhode Island
Franklin Company
Oe Wee Ae
Boston Savings Banks
Dorchester Savings Bank
FE. H. Harriman
Europe
Sears
Osceola
Tamarack
Ahmeek
Isle Royale
American Trust Company
City Trust Company
State Street Trust Company
Ola Colony Trust Company
Bigelow
Calumet
Michigan
Calumet & Hecla
Colorado & Southern
Charles C. Clapp & Co
Richard J. Burton & CO
Hornblower & Weeks
Commission
Congress ST
Broadway
Monroe St
Chicago
Detroit
Bay State
John J. Ingalls
Southwestern Development Co
State St
Calvin HW. Ioster
Washington St
H. C. Gibbs & Co
Congress St. M
Richard J
M. C. Barnard & CO
Mass
National Mining Exploration
Globe
Arizona
Arizona Commercial
Dominion
Globe Camp
Gine
Superior & Boston
Old Dominion
Superior
Arizar
J. Edwin Bradshaw
Tanal Mining Company
Richard J. Burton CO
Bankers
Massachusetts
Cobalt
Alex Xnandra
National City Securities Co
Loues J. Rigali, Treas
Devonshire St
Field & Fay
Boston, Vasa
Charles A. Stonsham & Co
Wain
Broad St
U. S
Canada
P. O. Box
James Shay & GO
GU State St
Beeston