Miami Copper Company poised for dividend era with rising ore
Analysis notes 18,000,000 tons of ore in sight at Miami Copper, with average copper content of 2.58 percent and 75 percent recovery. Current 6000 ton daily mill yields about 38,000,000 pounds per year, enabling a potential $2 per share dividend and an 8 percent yield at $24 stock price.
MENTIONED IN THIS ARTICLE
Miami Copper Company
Miami
China
Utah
Miami Copper
Chino
Delaware
General Development Co
Globe, Ariz
China Copper
Stock Market Summary Yesterday and Year to Date
New York total sales 255,100 shares and Boston 29,272. Steel common led active issue in New York at 37,800 shares while Shoe Machinery topped Boston with 3,241. YTD totals show New York 21,602,800 and Boston 2,420,575. Compared with last year New York traded 22,416,200 and Boston 1,268,327. Notable gains include American Tobacco in New York and Northern Texas Electric in Boston. losses include Minn. & St. L. prof. in New York and Wolverine Mining in Boston. Call money in New York 2 3-8 pct, Boston 3 to 3 1-2 pct. Time money New York 3 to 3 1-2 pct, Boston 3 1-2 to 4 1-2 pct.
MENTIONED IN THIS ARTICLE
New York
Boston
Steel Common
American Tobacco
Minn
Market Inactivity Flags Major Stocks Amid Dull Start
Despite scattered advances yesterday the market drifted into a routine lull with major shares like Steel and Union Pacific trading within narrow margins. Analysts note the unusual lag after a five point rise, and discuss depreciation accounting quirks at American Woolen Company tied to stock cancellations and corporate finance tactics.
MENTIONED IN THIS ARTICLE
Steel
Union Pacific
American Woolen Company
Local Market Shows Cooled Activity And Copper Stocks Stable
The market totals yesterday reached 29 272 shares with few four figure issues, signaling calmer trading as investors wait and assess recent moves. Despite subdued turnover, producing companies show rising earning power and copper stocks are not highly valued. A Supreme Court patent decision is seen as favorable to Shoe Machinery amid mimeograph case implications. Local money rates and foreign exchange quotes follow.
MENTIONED IN THIS ARTICLE
Supreme Court
Boston Market Quiet on Local Curb Market except Few Movers
Trading on the local curb market yesterday was very quiet with Rhode Island Coal and Pocappine Northern showing the only activity. Details of filuculations follow in this report.
MENTIONED IN THIS ARTICLE
Rhode
Judge restrains Osceola from annual meeting
Judge Weist of Lansing issues an order blocking Osceola from holding its annual meeting on Thursday to oppose the consolidation plan. The effort is led by Charles M. Turner and others who opposed the plan last year before.
MENTIONED IN THIS ARTICLE
Weist
Lansing, Mich
Osceola
Charles M. Turner
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SEE, Higginson & CO
Chicago
New England Investments
Future of
Conpet Meta
Gas and Electric Light Counnnes
Massachusetts
T. C. Fales Boston Safe Deposit & Trust Co
Haverhill
Haverhill Building Trust
Mass
Liberty Trust Company
Ee Ee
Burgess, Lang & Company
State. Street
Aka
Pine Street
John
Kidder, Peabody & CO
Devonshire Street
Wall Street
Baring Brothers & Co., Ltd
London
Dulness
William E. Soule
High Point
Low Point
Bankers’ Sterling
Aeneenee
Commercia
Eeee of Spiess Een
Reichsmarks Eee Odes
Gagesaa
JMIZ
Pete Aes
Lighting
Regal Shoe
Berlin Mills Ltd
Waltham Watch Common
W. L. Douglas Shoe
Hartford Carpet
Kirby Lumber
U. S. Envelope
Dayton Power & Light
Omaha Water Co
U. S. Bobbin & Shuttle
Auansluet Power & Electric
Central Mexico
Frank H. McCarthy
State St
Stock Exchange
Ae Gulf
Orig
Ill Steel
U S Steel
West T & T
Atchison
I Toon
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Allouez
Rae
Anaconda Apm Ab
Cal & Arizona Lisese Ee Bom
Cal & Hecla
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Daly West
Nipissing
Utah Consol
Utah Cop Co
Victoria Fe
Edison
Pullman
Bay State
Bingham Min
Boston Ely
Sol
Butte Central
Calaveras
Cortez
Corbin
Davis Daly
Lion Hill O
McKinley
Ohio
South Lake
Mar
el & Cable
At&s
Ealt & Ohio En
Brooklyn
Ches & Ohio
DS S&a
Erie
Lehigh Valley
Liggett & Me Pf
Louis & Nash
Mackay
Minn & S L Pf
P&s SM
Nevada
Nor & Wes
Phila Co
POC &«&S
Pitts Steel Pr
Pitts Coal
Ry St
St I & S F
Tenn Copper
The
Texas Co
Maryland
Union Cree
Westinghouse
United Copper Company
New Jersey
F. A. Heinze
Pet
Frederic H. Hatch
H. Smith
New State Telephone Company
Sioux City
Iowa
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United Telephone Instruments
W. A. Clarke
United Telephone Company
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E. H. Rollins & Sons
Denver
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Securities of American Power and Light
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Torrington Pre
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Inspiration
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Isle Royale
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Pond Creek
Sup & Bos
Tuolumne Ee
York
Toronto Standard Exchange
Jj. Thomas Rkinhardt
Broad Street
N. Y
King St. W
Toronto
United Fruit Company
State Street
Ton
Maes
Charles A. Hubbard
Jamaica
James Shay & Co
GO State St
American Voting Machine Col Corporation
Treasury
Hancock Bldg
Devonshire St
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