Amalgamated Copper: potential dissolution and share value analysis
An Amalgamated Copper Company editor’s note examines the holding company’s finances, equity in Anaconda, and possible dissolution. It estimates total distributable value around $12 per Amalgamated share plus two Anaconda shares, discusses implied stock surpluses and earnings, and muses on market impact and par value changes for Anaconda.
MENTIONED IN THIS ARTICLE
Amalgamated
Inspiration
Greene- Cananea
United Metals Selling Company
Anaconda
Treasury
Stock Exchange
New High Levels for Copper and Industrial Averages
Market overview shows copper and industrial averages at new highs with broad activity. Bethlehem Steel and Shoe Machinery noted as exceptions to the rule as listings show gains and losses across New York and Boston markets.
MENTIONED IN THIS ARTICLE
Bethlehem Steel and Shoe Machinery
New York Market Sees Strongest Session of the Year
Active trading on March 23 with over 100,900 shares per hour. Standard stocks led gains as Trans-continentials Grangers and trunk lines rose 1 to 2½ points. United States Steel advanced while Bethlehem Steel faded after a brief high. Copper miners and Amalgamated gained, with overall volume totaling 617000 shares and bonds steady.
MENTIONED IN THIS ARTICLE
New York
Standard
Trans-continentals
Reading
Amalgamated
United States Steel
Bethlehem Steel
Canada
Southern Pacific
U. S
Quebec bonds sold to syndicate at 97.979
Quebec Canada sold an issue of 2,125,000 five year 5 percent bonds to a syndicate led by A. B. Leach Co Kountze Bros Co and Aemelius Jarvis Co at 97.979 with the latest New York Stock Exchange figures showing today’s high and low versus previous close.
MENTIONED IN THIS ARTICLE
Quebec
Canada
A. B. Leach & Co
Kountze Bros. & Co
Aemelius Jarvis & Co
Anaconda Plans Copper Ore Processing Upgrades After Amalgamated Takeover
The 1899 Amalgamated holding, capitalized at 75 million dollars, expands to acquire Butte and Boston strands as copper earnings show 18 cents per pound. After 1893 to 1899 price swings, manipulation lifts copper to 18 cents, with higher averages scarce. Anaconda aims to save two to three cents per pound through new processes, hoping to offset investor losses from paying $100 a share for Amalgamated.
MENTIONED IN THIS ARTICLE
Holding Company
Butte & Montana
Butte & Boston
Amalgamated
Anaconda
Copper market gains lift Boston trading to new peak
The old fashioned copper bull market continued with heavier trading than any day since December 1912. United Fruit rose to 123 1 2 and New Haven to 54 1 2 as Lake Copper climbed to 11 and electrolytic to 15 12 cents. May wheat rose 3 3 4 cents to 155 1 2 with grain and cotton also showing strength. American Zinc expected March earnings around 150 000 after 120 000 in February and 80 000 in January.
MENTIONED IN THIS ARTICLE
Boston
United Fruit
New Haven
AT & T
West T & T
Tel & Fel. Ae
Amoskeag Pf
Bos& Albany
Bos & Maine
Bos
Butte & Sup
Cal & Arizona
Cal & Hecla
Centennial
Chino
East Boston
East Butte
Franklin
Granby
Greene
Hancock
Indiana
Inspiration
Isle Royale
Kerr Lake
Keweenaw
Lake Copper
la Salle
New Sigs Sc
Ny& N
Old Colony
Old Domin Aeeescoe
Osceola
Wee Pond Ork Coal
Pullman Coeeere
Quincy Ceeeveee
Ray Consol
Reece
St Ma Geen
Santa Fe Apnoea
Shannon Pe
Shattuck-Ariz
Sup & Rosener Eee
Ceee
Swift Superior Cup
Tamarack Eens
U S
U S Steel Settee
U S Steel Pf
Utah Apex Cere
Utah Consol
Utah Cop Co
Victoria
West End Teeeewe
Western Union
Winona Wee
Aeree
Wolverine Ereeere
Wyandot
Hodgdon Cashman & Co Investment Bankers Ad
An advertisement from Hodgdon Cashman & Co located at 53 State Street Boston promotes specialized sound investments and folder services under the firm name We Specialize in Sound Folder B 231.
MENTIONED IN THIS ARTICLE
Durell, George & CO
State Street
Boston
Fort Hill
Hodgdon, Cashman & Co. Investment Bankers
Boston Stocks Report Bond Prices on Exchange
Boston markets show bond prices on the Boston Stock Exchange with reported high, low and last figures, along with comparisons to the previous close. The brief notes securities activity for March 23 reflect market movement, though details of individual bonds are not provided in the readable text.
MENTIONED IN THIS ARTICLE
State Street
Boston
Mass
Boston Stock Exchange
Bond Market Update United States Government Bonds
Total sales reach 2,516,000 with gains over yesterday and a week ago. January 1 to date figure shows 142,836,000 against 205,357,000 a year earlier.
Adverse Report on Elevated Bonds
The committee on banks and banking voted to report adversely on the Boston Elevated Railway Company petition to restore its bonds to the savings bank investments list.
MENTIONED IN THIS ARTICLE
Committee On Banks and Banking
Boston Elevated Railway Company
Money Markets Update March 23 Quotations
Current quotations show call loans for brokers' customers at 3 to 3.5 percent and outside brokers' calls at 3 to 3.4 percent. Commercial loans range from 4.4 to 6 percent, with collateral loans at 4.4 to 6 percent. Commercial paper sits at 3.44 to 4 percent, and year money at 4.4 to 5 percent. Bar silver and Mexican dollar figures appear amid the day’s market data.
MENTIONED IN THIS ARTICLE
New York
Cotton diversification and stable cotton trade in the South
W G Turner of Memphis Terminal Corp visits Boston and says Southern crops will diversify with 14 to 15 percent less cotton planting this year. Cotton shipments continue, gold settlements rise, and English blockade poses no hindrance as England agrees to take cotton for neutral ports.
MENTIONED IN THIS ARTICLE
W. G. Turner
Memphis Terminal Corporation
Boston
South
England
Leniency Planned for U S Cargoes by Britain
Britain promises lenient treatment for American cargoes bought in Germany and now leaving or about to leave German ports bound for the United States. The State Department was told ships may be released if American ownership is clear, though exact terms are not defined.
MENTIONED IN THIS ARTICLE
Washington
United States
State Department
Germany
Protest to Mayor Urges Arlington Street Subway Station
The Boylston Street Owners Association sent a protest to Mayor Curley urging a subway station at Arlington Street. They warn lack of a station will lower district taxable values and burden property owners citywide, calling current surface transport “third rate” and claiming it would “destroy taxable values” and choke city growth.
MENTIONED IN THIS ARTICLE
Boylston Street Owners’ Association
Curley
Arlington Street
Becker Appeal Up Again Today
Charles Becker, former New York City police lieutenant convicted of Herman Rose murder, has a second appeal to be argued in the Court of Appeals tomorrow. The court previously reversed the first conviction and remanded for a new trial.
MENTIONED IN THIS ARTICLE
Albany
N. Y
Charles Becker
New York City
Herman Rose
Court of Appeals
Becker
Typists Bar Men From Club
Major Patrick F. O Keefe urged women to unite for fair pay and progress at the Boston Stenographers Club. He described plans to form a larger group with at least 1000 women members and possible inclusion of men was rejected. The existing sick benefit program will likely continue with improvements under new leadership.
MENTIONED IN THIS ARTICLE
Patrick F. O’keefe
Pilgrim Publicity Association
Boston Stenographers’ Club
Major O'Keefe
Mayor Curley Opposes Boston Extra Education Tax
Mayor Curley and Governor Walsh discussed a pending Senate measure to place a half mill tax for educational purposes on Boston. Curley urged blocking the bill, noting it would raise Boston’s tax by 50 cents and cost the city about 750 000 dollars while funding would go outside Boston.
MENTIONED IN THIS ARTICLE
Curley
Walsh
Senate
Boston
East Boston Man Arrested After Garment Worker Dispute
Raf aele De Cundo 30 of 281 Marginal Street East Boston was arrested by City Hall Avenue Station officers after a disagreement with Salvatore Mancha 28 of the North End. The assault occurred on Lower Washington Street about 5 30 P M.
MENTIONED IN THIS ARTICLE
Raffaele de Cundo
Marginal Street
Boston
City Hall Avenue
Salvatore Mancha
North End
Washington Street
Fresh groundfish prices steady amid varied cargo arrivals
Nine vessels reached the new fish pier with fares at T wharf and at Lawrence Wiggins pier. Haddock and cod prices ranged from four to seven cents, hake and halibut higher, while the schooner Annie Perry returned with her first catch since a collision last summer. The Norwegian steamer Banan arrived with 3 500 000 pounds of new crop sugar for discharge at Mystic. The British steamer Khorazan brought 3000 calfskins and 576 bags of caseine, with more cargo for New York, as Eagle Point arrives from Liverpool with 1100 tons of freight. Kremlin sails to New York to load for Lisbon. Francisco of Wilson line expected today.
MENTIONED IN THIS ARTICLE
New Fish Pier
T Wharf
Haddock
Annie Perry
Perry
Point Allerton
Banan
Olsen
Preston
Cuba
Lawrence & Wiggins
Mystic
Khorazan
Patterson
Buenos Ayres
New York
Eagle Point
H. W. Lloyd
Liverpool
Barkentine Kremlin
Lisbon
Portugal
Francisco
Wilson Line
Shipping News Arrived and Sailed From Ports Along Coast
Shipping movements report numerous steamers and schooners arriving and departing ports including Rufford Hall Calcutta Banan Olsen Preston Cuba Eagle Point Khorazan Patterson Buenos Ayres around St Lucia and Boston crews and tugs John G Chandler Mott Bear Ridge Tamaqua and Horace A Allyn. Also listed are barges towed by several vessels and calls at New Bedford Newport and New York with barge transfers and in tow arrangements.
MENTIONED IN THIS ARTICLE
Rufford Hall
Wilson
Calcutta
Banan
Noar
Olsen
Preston
Cuba
Eagle Point
Tloyd
Liverpool
Khorazan
Patterson
Buenos Ayres
St. Lucia
Howard
Chase
Norfolk
Camden
Brown
Winterport
Calvin Austin
Strout
Portland
Gloucester
Limekin
Thelma
Spofford
Brunswick
John G. Chandler
Mott
Ruth
Maurice R. Shaw
Lynn
Lenape
Bennett
Bear Ridge
Tamanend
Carlisle
Derrickson
Indian Ridge
Marblehead
Saucon
Portsmouth
Brookside
Boxer
Wall
Horace A. Allyn
Tamaqua
Isaacsen
Mahanoy
Maple Hill
Pickering
Philadelphia
Orion
Breckenridge
Dora
Plymouth
Cumberland
Svendsen
Baltimore
Futon
Totman
Hoboken
Canisteo
Pohateong
Edgar F. Luckenbach
Neilson
Josephus
Thomas J. Scully
Pateman
Annie HW. Smith
Piedmont
Hudgins
Ninian
Manchester
Boston
Yarmouth
Nacoochee
Savannah
Ontario
Tuscan
H. F. Dimpeck
New York
M. E. Harper
Lamberts Point
Barkentine Kremlin
Samuel P. Bowers
Jacksonville
Baker Palmer
Sewalls Point
Daniel Willard
Phoenix
Robesonia
New Bedford
Fulton
Ampere
Newport
Chenango
Edgar F Lueckenbach
Providence
J. B. Walker
William HY. Ma
C. F. Sargent
Charles T. Saints
Knickerbocker
Newpor
Also Mentioned on This Page
Hornblower & Weeks
Congress Street
Amalgamated Copper
Bac
Amalgamated Copper Company
Anaconda Company
Butte
Ornare Ee
Cere
U. Jones & Baker
Chicago
Brady & CQ
Devonshire Street
Island Greek Coal Company
Island Creek Coal Company
Batchel, der
the Kelsey Company, Inc
Harry S. Kelsey
United Fruit Company
Charles A, Hubbard
Kidder, Peabody & CO
Wall Street
Travellers’ Letters of Credit
Central America
Panama
West Indies
Bermuda
Steel
Alaska Gold
P. Lorillard
St. L
S. W
Calumet & Hecla
Island Creek
New York Market
New York Stock Exchange
Val - Mar
Alaska
Tel & Tel
At&sf
At&sf Pf
Atl
Ches & Ohio
M&sp
China
Des M& Ft D
Erie
Goodrich
Cop
Inter-Met
Kresge Co
Kresge Co Pt
Lehigh Valley
Liggett & M Pf
Lorillard C Pf
Manhat Sht Co
Maxwell Motor
Maxwell Mo
May Dept Store
Mex Pet Co Lt
Miami Co
Minné& L Pf
Mont Power Co
Nevada
Pitts Coal
Ry St
Ray Con. Ee SS
Repl & Oo
Repl & Spf
Bk. i
Rock Island
Seaboa Air
Studebaker
Tudebaker
Tenn Copper
Texas Pacific
The
Texas Co
Third Ave
Union Pacific
Union Pac
United Cigar
Wee Az
U S Steel
West Union Eveee
Westinghouse
Willys- Verland
Willys
New England
Securities of Sound
Boston Stocks
Eee Seta Sese
British Columbia
Ee Ee Caribou
Greene-Cananea Ee
International Salt Ee
Kerr
Tack Aire Transit
McKinley-Darragh
Mitchell Mining
Mines Co of America
Nipissing Mines Co Fils
Otis
Eseseseses
Rusill Ee
Bocce
Remington
Riker-Heman
Tintie Co
United Copper Pfee
United Cigar Stores
Sete Tees
United Profit Sharing
Bohemian
Butte & London
Cal & Corbin Sones
Calaveras Pee
Copper
Davis Daly
First National
Serene Twee
Fortuna Eevee
Houghton
Humboldt
Wean
Umbo
Majestic
Mex Metals
Yukon
del & Heyt
den & R G
Norf & W
Col & Sorig
Gascot
iNorf & W
Y Canal
Nyc
North Pacific
Ees
el Jose
Essence
Ats
Distillers SC
Adams
Seenee
Hide ‘ L
Jonson Elee Ill
Pacific
Ie T&t
Beas Peeves
Eee Erie
Armour & Co Real
Flint & P M
Daly Huron
At&s
W&d C
T&t
Gen’ Motors
AT & SF
See & Man Adj
Bil Central
Penn
Berens
Il Central
Ill Steel Om
Tee
See Co
Diana Steal
Pitts
Beth Steel
Serene Trust Co
Mer
Bklyn RT
Pe Trust Co
Iowa Central
Gas Eseees Trust Co
Eis Ieiece
Bklyn
O- Kan City
Bklyn U
Ewes
Ny&eneis
St P & Nor Bes
St Louis Ist
Cal’ A
Panes Co
Seer Lorillard
Oveses
L&n
Knoxv
Cen Pacific Short, & Cin
So Pacific
Ches & O
Sa & N
Aeeeves Bile Minn & S&l
T. Bs Aw
MK & T
Pacific-San I
Southern Ry
Ge Wester
Mobile&o
Montana Power
Mil & St P
Ee C
Wit’ & St P
Cmi
Puget Sd
Mil & St Pos
Ene PW
Ee Utica
Lt & P
Wabash
Nh&h
Ig Tr Co Cfis
Cri&p
Nynh&hert
Cri&p Ry
West Electric
IY O& W
West Union Ig
Westinghouse Ie Cri&prr
Y Teleph
Wiscons
Money Markets
York
Southern Cotton
St Tous Aa Es Sa Ager Ane
Baweseaeu
Kansas City Eee Eeneeeee Geeese
Toledo Porer Ae Ee
Vt Pn BL
Detroit Saci
Pyteugie Dss
Gaseuy Dee
Cernese
Britain
Lington St. Station
Stenographers
Thomas Een
Eva Avina
M. Ruth
Santos Owe Reee
J. & Phoebe
I Grueby
Actor
Esa
Stranger Sleee
Mathew . Greer
Shipping News
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