Inspiration Consolidated Copper formed in major porphyry merger
The Inspiration Consolidated Copper Company unites Inspiration and Live Oak assets, led by John D. Ryan and backed by banking firms, with about 45 million tons of ore and potential output near 75 million pounds annually. Stockholders face a four to one exchange offer before January 29, amid strong backing from Guaranty Trust and Chase National Bank.
MENTIONED IN THIS ARTICLE
Inspiration Consolidated Copper Company
Yinspiration Copper Company
Ive Oak Development Company
Comany
John D. Ryan
Amalgamated
Live Oak
Inspiration Copper Company
Anaconda
Hayden, Stone & Co
Thompson
Inspiration
Ryan
Maine
Consolidated Copper Company
Sabin
Guaranty Trust of New York
Albert H. Wiggin
Chase National Bank of New York
Inspiration Copper
Inspiration to Lead Market With New Financing Then
The article notes a long development period backed by new financing as Live Oak, undercapitalized, contemplates a $6,000,000 convertible bond issue with stockholder subscription privileges as of February 1, 1912. Subscriptions are valuable and akin to a first dividend, with a two to three year horizon for Inspiration to become a market leader like Utah Copper and Chino.
MENTIONED IN THIS ARTICLE
Live Oak
Utah Coper
Chino
Copper Producers report December surplus drop 22 million pounds
The Copper Producers' statement for December shows a surplus decrease of 22,330,493 pounds. It lists United States stock on Dec 1 1911 at 111,785,188 pounds, December production 122,896,697, deliveries 145,227,190, and Jan 1 1912 stock 89,454,695 with December 1911 figures highlighting the annual comparison.
MENTIONED IN THIS ARTICLE
United States
Surplus Inc
Market Summary of New York and Boston Stock Activity
Decline noted in total sales with New York at 461000 shares and Boston 80362 shares. Most active New York issue Steel common 98400 shares. Boston Old Colony Copper 11930 shares. Year to date totals show New York 2832600 and Boston 385405 shares. Comparisons to last year show declines in New York and Boston. Notable gains include Rock Island ptc in New York and Georgia Electric in Boston. losses include Virginia I C & C in New York and Union Pacific in Boston. Call money and time money figures are provided for both cities.
MENTIONED IN THIS ARTICLE
New York
Boston
Steel Common
Old Colony Copper
Rock Island Ptc
Virginia I., C. & C
Georgia Electric
Union Pacific
Time Money
Market notes show Union Pacific guiding the market trend
The piece describes Union Pacific as a market keynote with unusual trading by prominent brokers and questions about open selling. It notes a nearly flat market with slight reaction, December highs in Steel Amalgamated and Lehigh Valley, and dwindling confidence as prices slide from November peaks.
MENTIONED IN THIS ARTICLE
Union Pacific
Wall Street
Steel
Amalgamated
Lehigh Valley
Copper Stocks and Steel Orders Highlight Canadian Mining Update
The curb lists 700,000 Inspiration Consolidated Copper shares as Charlies P Bond joins Turner Tucker & Co at 24 Milk Street. Nipissing mined 407,114 oz silver worth 225 156 with ore shipments valued at 303 600. Calumet Arizona orders 5500 tons steel for a 2 million smelter. Arizona Copper orders 3500 tons for its smelter. Miami December output 3400 tons concentrates yields 2 580 000 lb refined copper. over 700 men employed. Ely Consolidated shows 6.8 percent copper and 65 cents per ton gold in a 600-foot level drift sample. Reinhardt of 64 Devonshire Street issues a special letter on Inspiration Consolidated and analyzes Nevada Utah and Bay Central readjustment plans.
MENTIONED IN THIS ARTICLE
Nipissing
Calumet & Arizona Company
Arizona Copper Company
Miami
Ely Consolidated
J. Thomas Reinhardt
Devonshire Street
Inspiration Consolidated
Nevada
Utah
Ang Bay Central
Calendar For Today Dividends And Assessments From Rail and Mines
Calendar lists dividends payable and assessments due for several companies including Am Zinc, Atlantic Coast Line, Aurora Elgin Chicago, Northern Securities, United New Jersey, Hancock, Ojibway, Georgia Railway, Tennessee Copper, and Vulcan Detonating. Notices mention ex-dividend dates, book closures, and meetings for Ga Ry Elect and Am Linseed.
MENTIONED IN THIS ARTICLE
Am. Zinc, Lead & Smelt
Atlantic Coast Line
R. R. Com
Aurora, Elgin & Chic. Com
Aurora, Elgin & Chic. Pfd
Daly-West Mag
Northern Securities
United N. J. R. R. & Canal
Mayflower and Old Colony Lead Local Copper Volume
Mayflower and Old Colony dominated activity with 11 682 and 11 930 shares traded respectively, lifting copper prices as investors weighed profit taking against a rising metal price. Confidence grows in copper fundamentals despite mixed stock responses amid political market factors.
MENTIONED IN THIS ARTICLE
Mayflower
Old Colony
New York
Copper Producers’ Association
Boston Curb Market Trading Week Highlights
Curb followers including Oneco Bohemia New Baltic Houghton Copper Porcupine Northern United Verde Extension Bay State Gas and Calaveras led yesterday's active session. Prices fluctuated widely, notably in lake issues, with detailed figures shown in the accompanying table.
MENTIONED IN THIS ARTICLE
Curb
Oneco
Bohemia
New Baltic
Houghton Copper
Porcupine Northern
United Verde Extension
Bay State Gas
Calaveras
Quarterly dividends and stock records list snippet
United States Realty & Improvement Company declares quarterly dividend of 114 percent with record date January 20 for February payment. Kerr Lake Mining Company issues quarterly 25 cents with record March 1 for March 15 payout. Public Service Investment Company pays $1.50 preferred quarterly with record January 15 for February. Sierra Pacific Electric Company also posts $1.50 preferred quarterly with January 15 record for February. Peoples Gas Company Chicago announces quarterly 184 percent with record January 20 for February.
MENTIONED IN THIS ARTICLE
United States Realty & Improvement Company
Kerr Lake Mining Company
Public Service Investment Company
Sierra Pacific Electric Company
Peoples Gas Company
Chicago
Bond Market Notes
Norfolk county Massachusetts awards a temporary loan of 80000 dollars to Blake Bros. Co at 3.28 percent discount maturing December 9 1912 Norwalk Connecticut will receive bids until 8 p m January 12 for 250000 414 per cent improvement bonds dated January 1 1912 maturing in 1942
MENTIONED IN THIS ARTICLE
Norfolk County
Mass
Blake Bros. & Co
Norwalk
Conn
Also Mentioned on This Page
Massachusetts
Business Real Estate Trust of
Washington, Summer and
Hawley Streets
Adit
Live Oak Company
The
Live Oak Development Company
Arizona
Live Oak Copper Mining & Smelting Co
Inspiration Mining Company
Inspiration Consolidated Copper
Curb Stocks
Porcupine Cobalt
Thomas Reinhardt Mining
Devonshire St
Broad St
King St. W
Toronto
Century Safety Razor James Shay & Co
State St
Copper Producers’ Statement
Kidder, Peabody & Co
Wall Street, New York
Boston Stock Exchange
Towle & Co
Congress Street
Liverpool
William E. Soule
King St West
Foley O’brien
E.e
Icc Ccgatirneh
Great Northern
E. Eee
Hollinger
Canada
S.bty
Presto East Dome
Charles A. Iia & Co
Bos
Beck Tunnel
Colorado Mining
Columbus Consolidated
Cobalt Lake
Greene Meehan
Little Nipissing
McKinley Darragh
Rochester
Eee
Tretheway
Wettlaufer
High Point
Low Point
Sheveeethales Sakon
Portland Elecees
Pullman Co
Reece But Hole
North Lake
Sup & Bos
CM & S P
Ohio
Dss&a
Saes
Gist
Erie
Ee Ees
Louis Nash
NYN H&h
Pac T & T
Rock Island
Sly
Sears Roe
South Pacific
South Ry
Tols Hy & W
U S
West Union
Westinghouse
Charlies P. Bond
Boston Journal
Turner, Tucker & Co
Milk Street
Hancock Cons
Ga. Ry
Elec
Com
Pfd
Mtg
Savannah Blec
Sub-Treasury Credit
Reichsmarks
Ask
Torrington
West T & T
Bos & Albany
Bos & Maine
Bos & Proveeeee
Fitchburg Nee
Shannon
St Mary’s
Trinity
Hig
Utah Consoleeere
Utah Cop Co
Victoria
Cumberland
New Eng
Sug Do
Ameskea Oolen
Georgia
Eleo
Butte C
East Dome
Ely Consol
Lion Hill
Coos
Majestic
E. H. Rollins & Sons
Denver
San Francisco
Mit & R
AT &S B
East
Beth Steel
Ein
Bklyn R T
Pacife
To Co
Butte Coal
British Columbia
Ely
Giroux
Utah M & S
Nipissing M Co
Ray Central
Sree
Ceveeseee
Jan Seevesese
Eeeseee
Eseese
Giroux Consolidated
Nevada Consolidated Smelter
Charles A. Stoneham & Co
State Street
New York City
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