Calumet and Hecla Witnesses Ordered to Cross Examine
Grand Rapids Jan 7 Judge Knappen issued an order directing Colonel T L Livermore James B Cooper and Maurice B Patch of the Calumet and Hecla Mining Co to appear for cross examination on the cost of producing copper under Calumet and Hecla methods. The order follows Osceola Co's motion and excuses Ames B McNaughton from further examination as sufficient.
MENTIONED IN THIS ARTICLE
Grand Rapids, Mich
Knappen
United States Court
T. L. Livermore
James B. Cooper
Maurice B. Patch
Calumet and Hecla Mining Company
Calumet
Hecla
Osceola Company
Ames B. McNaughton
British Trade in December Shows Trade Increases
London reporting the December Board of Trade statement shows increases in ports and exports. Imports mainly grain and wool while exports include coal and fuel. For the year 197 imports rose by 19,078,380 dollars and exports by 23,146 dollars.
MENTIONED IN THIS ARTICLE
London
Board of Trade
Receivers Authorized to Borrow More on Certificates
In Boston on January 7 Judge Francis C Lowell authorized the Arnold print works receivers of North Adams Massachusetts to borrow 790000 dollars more on receivers' certificates, bringing the total allowed to 910008 dollars as authorized by the United States Circuit Court.
MENTIONED IN THIS ARTICLE
Boston
Arnold Print Rks
North Adams
Mass
Francis
Lowell
United States Circuit Court
Rise in silver at London fixed at 27 pence an ounce
London traders reported a rise in silver to 27 pence an ounce as covering of a prior beer sale pushed prices higher. Indian bazaars and Chinese demand supported the move while the market remained unsettled. some sellers offered 77 pence.
MENTIONED IN THIS ARTICLE
London
China
Boston Wool Market Prices Steady in First Week of January
January 7 report shows renewed activity across domestic wool trades with gains in some grades. Prices listed for fine and medium unwashed and washed fleeces from Ohio Michigan New York Kentucky Indiana and other regions reflect mixed demand and regional quality variations.
MENTIONED IN THIS ARTICLE
Deiainr
Michi York
Kentucky
Indiana
Mis
Texas
Oregon
WEAE Closing in Stocks Gains on Money Ease
Prices rise in early trading as money conditions loosen, with railroad and other stocks strengthening. Dealers report stronger demand and broader market participation amid improving liquidity.
Teo's Week Ended Jan 7 Stock Exports and Sales
Teo reports week ended January 7 with exports of merchandise totaling $9,945,188 and total sales for the day reaching $12,458,600. Preprint shows daily figures and an unlisted status.
MENTIONED IN THIS ARTICLE
Peeeepreetie
Outside Securities Market Report Shows Mixed Trading
Early hours saw a fair outside securities market with generally firm prices. After midday poor weather reduced activity and many offerings sagged while low priced mining stocks drew interest. notable moves include Tri Bullion up, Furnace Creek down about 5c, and American Tobacco down 7 points.
MENTIONED IN THIS ARTICLE
Furnace Creek
Nevada Consolidated
Cumberland-Ely
Nipissing
Greene-Cananea
Boston
Superior & Pittsburg
Cobalt Central
Bay State
Manhattan Transit
Thicago Subway
Allis-Chalmers
Adams Express
Consolidated Steamship
Stock Market Slides After Rumors of Railroad Receivership
Stock prices weakened late in the session amid rumors of a Chicago Great Western receivership and poor railroad earnings. Trading showed mixed gains and losses with Missouri Pacific and other rail shares moving, while coal roads like Lackawanna and Delaware & Hudson rose on strong earnings and potential coal property divestiture legislation.
MENTIONED IN THIS ARTICLE
Chicago Great Western Railway
New York
Chicago Great Western
Wall Street
Stickney
London
Seaboard Air Line
Missouri Pacific
The
Southern Railway
Louisville & Nashville
International & Great Northern
New York Central
American Sugar Refining
Delaware & Hudson
Lackawanna
Central of New Jersey
Erie
Reading
Lackanna
Washington
Government Bonds Close Here Compared With Monday
Yesterday's closing quotations for government bonds are compared with Monday's figures, highlighting changes in yields and prices across typical maturities. Market activity appears routine with minor shifts in several benchmark issues.
Treasury Opens With Various Funds Balance Report
The Federal Treasury in Washington begins the new business day with a reported balance and condition summary. Details indicate available funds, receipts, and expenditures anticipated for the session, reflecting the government's cash position as markets respond to early January activity.
Money Market and Foreign Exchange Report
Money on call opened at rate up to 7 percent with daily highs near 9 percent and lows around 5 percent. Time money remains plentiful with more loans. rates quoted 4 percent for short terms and around 6.7 percent for four to six months. Foreign exchange opened firmer with cables near 4.3635 and demand sterling about 4.9585. sixty day bills around 4.91. Bank clearings listed for New York, Chicago, Boston, Philadelphia, and other cities with varying balances. Sub-Treasury shows net debt to clearing house at 1,980,027.
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Sus Bhase
Bad Audaesen
Germany
Reichemarks
Paris
Belgium
Switzerland
Holland
Boston
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St. Louis
Lsc
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Telegraph
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Savannah
New York
Philadelphia
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Madrid
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Washington
Sub-Treasury
Street Topics and Early Market News
London shares 14009 traded with few purchases and steady prices. American stocks in London softened then firmed amid light activity. Dividends declared at Great Northern 4 percent and Federal Sugar 4 percent on preferred. Central Railroad of New Jersey 2 percent quarterly dividend payable February 1. Great Northern instalments reach eighty five. Cotton Oil declares 4 percent dividend payable March 2. Chicago Board of Trade re elects Hiram N. Sager as president and James Bradley as second vice president. Maryland Casualty absorbs Central Accident Insurance with new directors. Hall Signal defers quarterly dividend on common stock.
MENTIONED IN THIS ARTICLE
London
Consoit
Great Northern Railway Company
Federal Sugar Refining Company
Central Railroad of New Jersey
Great Northern
The
Stock Exchange
American Cotton Oil Company
Chicago Board OF Trade
Hiram N. Sager
James Bradley
Maryland Casualty Company
Baltimore
Central Accident Insurance Company
Pittsburg
H. J. Heinz
A. P. Burchfield
W. H. Graham
Central Company
Maryland Company
Hall Signal
Hall Signal Company
American securities abroad market summary
London session shows American securities generally higher with final prices for major issues. Foreign money markets report call money at 4 4.5 percent and Berlin Paris discount and exchange rates. British consols strong at 83 3 4 percent and French rentes quoted at 95 francs 55 centimes.
MENTIONED IN THIS ARTICLE
London
Anaconda
Atchison
Bila
Central Aaa
Louisville & Nashvidle
Kess
New York
Tentral T
Pennsylvania
Reading
Southern Pacific Ta
Union Pacific
S. Steel
Berlin
Paris
Paris Exchange
Bargold
Berlin Exchange
Chicago Grain And Provisions Market Summary
Chicago wheat fell on profit taking as European markets weakened and Argentina warned of abundant yield. May wheat closed 106½ to 106¾ cents, corn rose to 61½–61¾ cents, oats 54⅜–55⅜ cents, and pork and lard edged higher on hog supply and fund coverage. Local receipts totaled 512,000 bushels for wheat and 350 cars for corn with overall firm tone in futures.
MENTIONED IN THIS ARTICLE
Chicago
Liverpool
Argentina
May
Gl'sr
Corm
London market closes with mixed commodity tones
The report lists firm spot prices and futures for wheat corn oats and other staples in Western winter markets with Indian and Canadian notes. Prices show variability across cereals with pork lard and tallow segments, while Chinese and Pacific Coast references appear in the commodity rundown.
MENTIONED IN THIS ARTICLE
Liverpool
Western
London
Pacific Coast
India
Cumberland
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