Copper Market Buoyed by Copper Shares Surge and Merger Hopes
The article surveys a midweek uplift in copper shares as New York tipsters turn bullish on copper stocks amid metal and merger prospects. It notes past price declines, wholesale cleansing of weak issues, and expects porphyry mines to boost output while warning accumulation could outpace demand unless consumption rises.
MENTIONED IN THIS ARTICLE
New York
China
Nevada
Consolidated
Utah
Smart Rise Surpasses Early Irregularity in Markets
Total sales in New York reached 711 800 shares and Boston 59 217. Steel common led as the most active issue in both cities with 142 100 shares in New York and 6 071 in Boston. For the year to date, New York totals stood at 136 883 200 and Boston at 8 749 821. Compared with last year, New York and Boston declined to 171 496 550 and 11 137 689 respectively. Notable gains included Texas Co in New York rising 414 to 144 and Am Tel & Cable dropping to 4 to 84. Calumet & Hecla gained in Boston to 10 to 560, while Eastern S. S. fell 4 to 2. Call money in New York was 3 percent and in Boston 3 14 to 4 percent. Time money in New York 4 ¼ to 5 percent and in Boston 5 to 5 ½ percent.
MENTIONED IN THIS ARTICLE
New York
Boston
Steel Common
Atchison E
Old Colony
West End
Franklin Seeweene
Granby
Greene Cananea
Guanajuanto
la Salle
Mexico
Michigan
Mohawk
Superior St Mary's Cop
Wyandot
Georgia
Seattle
United Fruit
Torrington Pf
Eeee
United Shoe M
U S Steel
Smelt & R
Aoe & S
DSS & A
Erie
Woldfield
Town
Louis Nash Ae
Vaicis Mer Marine
Nevada
Cc& SL
NH & H
O&w
Nor & West
Nor Am
Nor
Opheeah Ee
Pacific Mail Ae
Penn
Pitts Coal
Stock Market Dips Yet Buoys On Rumors And Faith
Followers of yesterday’s stock market saw an irregular but at times spectacular trend. Dealers pushed up speculative favorites like Union Pacific Reading and Atchison while rumors aided profit taking and a rally faded toward a bearish bias. The article notes faith in a future era of regulated corporations but warns against a sustained rise without broader economic support.
MENTIONED IN THIS ARTICLE
Union
Little Steel
Canadian Pacific
New York Central
Reading
Atchison
Rock Island
New York
Steel Common
Union Pacific
Local Market Shifts Boost Copper Shares and Industrials
Trading in local stocks showed mixed strength with total volume 59 217 shares, down from 75 093. Copper and industrials led gains as Indiana North Butte Amalgamated pushed higher, with Copper Range 71 4, Indiana 1714, Corbin 1612, Calumet & Hecla up 10. Massachusetts Gas rose to 834 and 1 12 for preferred, American Agricultural Chemical up 158 to 4812. Massachusetts Gas bonds at 99. Market closed firm with strong tone and other rates listed.
MENTIONED IN THIS ARTICLE
Algomah
Eeete
Boston Corbin
Leit
Butte Ballak
Dom Iron
Lake Copper
Miami Cop Pol
New Arcadian Big
North Lake Oh
Indiana
North Butte
Amalgamated
Corbin
Calumet & Hecla
Massachusetts
American Agricultural Chemical
Stock and bond market wrap from Boston Market
The Boston Market reports stock and bond market prices and totals for the day October 18, including sales volumes and comparisons with the previous close.
MENTIONED IN THIS ARTICLE
Boston
Nevada Utah Mines & Smelters elects Woolley president
Directors elect Ernest R. Woolley of Salt Lake City as president director and general manager to succeed George E Learnard who resigned. Edwin S Hooley also resigns as director. Copper Range Railroad surveys a spur to Indiana shaft site. Old Dominion vein drilled in Arizona Commercial Copper No 4. Algomah No 2 shaft reports amygdaloid copper. Boston & Albany Railroad registrar named American Trust Company. Nevada Consolidated stockholders rumored to change management. Chicago Junction stock sale to Henry C Frick proceeds. Inspiration installs 75 ton experimental mill for ore testing ahead of large mill. Fitzgerald Hubbard circular lists Massachusetts tax exempt securities and investment issues.
MENTIONED IN THIS ARTICLE
Advonihto
Soecsss
Ea Ccarcae
Ariz Commercial
Butte Coalition
Calumet & Arizona
Erent Oo
Reais Bros Poe One
Wranklin O'S
Ieese Ee
Brio Rovaio IS Inc K Sree A
de Lake Copper
Rosas Sos
Nevada
Duotsa Bee
Old Dominion
Qeineys Fv
Ray
Consolidated
Escees
Utah
Ldo
China
Utah Mines & Smelters Corporation
Ernest R. Woolley
Salt Lake City
George E.learnard
Edwin S. Hooley
Fitzgerald, Hubbard & Co
Massachusetts
Boston curb market steady amid record highs and gains
The Boston curb market posted firm undertone with Chino hitting a new high of 217.8. Nevada Utah rose to 15-8 after new owners took over the corporation, Mazatan reached 211-16 and Arizona Cananea advanced to 47-8 as fluctuations in the list are detailed.
MENTIONED IN THIS ARTICLE
China
Massachusetts
Coal
Inspiration
Nevada
Utah
Arizona
Cananea
Mines
Cactus
Cortez
Bay Central
South Lake
Chino
Mazatan
Arizona Cananea
Club
Hst
Ahmeek
Seers
Amer Devel Et Eeee
Ariz Cananea A Aeae
Arizona Mines Oc
Bay State Gas
Begole Tees Eee
Bohemia Eae
Boston
Boswyocolo Sneer
Calaveras We
Cobalt Central
Ariz
Corbin
Tee
She Cortez Eee
Davis Daly
Dom Syndicate
Heese Ee
Goldfield
Humboldt
McKinley
Mollie Gibson Ee
Doug
Ney Utah
Ohio Copper
Raven Tenner
Central
Superior & Globe
Tretheway
Yukon
Regulation Aims to Restore Profit in Porphyry Mines
The analysis argues that copper profits will rise if industry output is curbed through concerted limits. By artificial regulation, coppers should gain order and profit, avoiding chaos and loss. Low-cost porphyry producers may post the greatest profits while deep-vein mines track similar appreciation.
Bond market notes from Beverly and Ray Consolidated financing
Beverly Mass sold 10,000 4 percent bonds dated July 1 1910 with 1000 annual maturities 1911-20 to Blodget at 101.40. Ray Consolidated reportedly plans 2,000,000 convertible bonds offered to shareholders completing its financing.
MENTIONED IN THIS ARTICLE
Beverly
Mass
Blodget & Co
Ray Consolidated
Ray Consolidated Company
Calendar for Today Dividends Payable Anaconda
Dividends payable listed for Anaconda at 50 cents. The item appears in a calendar listing and notes a payment amount for the day.
A Classmate of Lodge Questions Tariff Costs
A Harvard 1871 letter to the editor argues tariff duties raise consumer prices. The writer traces a steer from Argentina through New York, showing a $28.50 duty inflates the cost to $78.60 and a 25 percent profit yields $98.12, which the consumer ultimately bears. The piece questions Senator Lodge and cites Harvard affiliation.
MENTIONED IN THIS ARTICLE
Boston Post
Argentina
New York
United States
Senator Lodge
Harvard
Boston
Also Mentioned on This Page
Nine Bay Co
United Fruit Company
Chicago
Kidder, Peabody & CO
Devonshire Street
Wall Street
Baring Grothers & Co., Ltd
London
North Lake
Bohemia
Porphyries
Miami
America
Peru
South America
Copper Producers’ Association
Hether
Pere Marquette
N. E. Investment
Lee’s
Hartford Carpet
Regal Shoe
Nashon Machinery Co
Pope “Mfg
Waltham Watch
Atlanta
Youngstown & Southern
St. Louis
Rocky Math. Pac. Ss
Amoskeng Wie
Pope Mize
Hood Rubber
Springfield Fire & Marine Inn
Coastwise Transportation
Dwight Mfe
Columbus
East
Ned
Gas & Eloc
Eewes Butte Water Co
Buffalo & Susquehanna
Hotchkin &Co
Port Huron
Stock Exchange
Ghandler Bros. & Go
Bankers
Milk St
New York Stock Exchange
Philadelphia Stock Exchange
Chicago Stock Exchange
New York Cotton Exchange
Chicago Board of Trade
Sears Roebuck
Utah Copper
West Maryland
Westinghouse
William E. Soule
Low Point
High Point
Imnodcy Sss Cies
Tse Eee
Bankers Sterling Pose
Francs
Reichsmarks Eeree
Seeeerocceereseos
Esa Ce Nolo
SOD Ee Uis Ae
SOG
Las Tenes
Gaiae
West T & T
NEW York Bonds
Ghandler
Milk Street
Adams Express
Allis Chalmers
Am Spirits Mtg Co
Ve Am Tel & T Col Trust
AT & S
Albany
Ann Arbor
L & N Col
B& Ople & W Va
Balti & Ohio
Pitts J & M
Beth Steel
Cal Gas & Elec
Central Pacific
Wees
TOY
Cole & South
del & Hudref
den & Rio G
Sewanee
Distillers
Hocking Val
Illinois Central
Interboro RT
Inter Met
Int & Gt Nord Etfs
Kanawha & Mich
Kan City South
Kentucky Cent
Kings Collev Co
Lack Steel Orr
H&p
Nor Pacific
Ohio
Ind L
Stl
S F
Tex & Pac Ist
Asi
Union Pac
U_ S Rubber
Maryland
West Union
Iw & L E
Ewes
Copper Range Railroad
Arizona Commercial Copper Company
Houghton
No. 2
The
American Trust Company
Boston & Albany Railroad Company
Nevada Consolidated
Portland
Phillips
Criary
Chicago Junction Railways & Union Stock Yards Company
Henry C. Frick
Pittsburg
South Lake Cactus
Arthur F. Dow CO
State Street
Champion
First National
Richard J. Burton & Co
Congress Street
F. L. Milliken & CO
Bankers and Brokers
State St
North Butte American Sugar
Norfolk and Western
R. G. Latham
Broadway
N. Y
Consolidated Stock Exchange of
Ely Central
Elms & Company
Doane
Frank van Blarcom & Co
Doate St
R. B
James Shay & Co
State
Nvestes
SAL Standard Amalgamated
Weil
Brit Colum
Davis We
McKinley Dar
Neo UM
Nip Mines Co Ee
Ray Central Oe
Ray Cons Orcs Sa
Oilicense
Neo Standard
Union Mines
Salt Lake
Charles A. Stoneham & Co
Beck Tunnel
Colorado
Crown Point
Grand Central
So Columbus Teee
Ee Biouk Sion
Lodge
Broad Street
Northern Pacific
Colorado Fuel & Iron and Reading
Cranston
New England
Cranston Coal CO
Boston Branch
Old South Building
Fort Hill
Porcupine-Tisdale
W. H. Glidden & CO
Salem
Lawson
Gas
A. H. MacKenzie & CO
Denver, Greeley & Northwestern Railroad Company
Greeley
Col
McCrum-Howell Company
L. Preston Gates