New shaft house at Winona opens replacing King Philip No 1
The Winona shaft house, built to replace the King Philip No 1 which burned down years ago, is now complete and in operation. It is expected to increase copper output.
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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
May 10, 1916
Page
19
The Winona shaft house, built to replace the King Philip No 1 which burned down years ago, is now complete and in operation. It is expected to increase copper output.
The Boston Stock Exchange lists the day’s high and low prices along with rapid trades and a comparison to the previous close. Specific securities traded include leading stocks and other market movers reflecting broad activity in Boston.
New York stocks show daily high, low and closing figures with quick price comparisons to the previous session. Market activity reflects notable shifts among leading securities and trading efficiency at the New York Exchange.
Total sales for New York and Boston shown as 730 568 and 49 282 shares with United Fruit and U S Smelting the most active issues. Year to date totals to date for 1916 compare with 1915 figures, highlighting Willys Overland gains, Bethlehem Steel losses, and Mergenthaler and Conn Pass movements.
Investors faced an unsettled session with war stocks weakening amid peace rumors while railway shares gained, led by Union Pacific and Rock Island. Bond activity was uneven though Rock Island debentures remained strong, and total stock volume reached 725000 shares with $3.54 million in par value bonds traded.
Boston May 9 The local market softened amid peace talks and weak steel demand. War stocks lagged while railroads held firm and United States Smelting surged to new highs. American Pneumatic Service stockholders plan litigation over 1910 first preferred issue amid claims of excess cash.
April production at Greene Cananea reached 4,948,000 pounds copper, 205,748 ounces silver, and 1,193 ounces gold. March output was 4,588 pounds copper, 200,709 ounces silver, and 1,146 ounces gold.
Meek Island plans for debenture foreclosures and a $40 per share assessment with 7 percent preferred stock. American International calls for $30 per share on May 10 in three installments. Edison Company of Boston reports April earnings at $692,629, up 13.24 percent year over year, with ten months at $7,009,428, a large rise. Glidden, Son & Co. opens a Boston office with John J Woodlin as representative. Ray Consolidated quarter earnings reach $2,205.47, a new high. Copper production 15,801,568 pounds, down from 17,19. Keystone Telephone April earnings $61,002, four months $237,816. NY, Chicago & St Louis shows year end 1915 surplus $908,970, vs 1914 deficit. H. Moughton & Co. reports 12 month gross $237,168 for Big Run Aine Co with profit $49,811.
Biddeford Maine has awarded a 25000 four percent street and sidewalk bond issue dated May 18 1916. The bonds become due in 1930 to 1934 inclusive and were awarded to Burgess Lang & Co at 102.
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