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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Feb 12, 1907
Page
10
A columnist argues the copper boom is near as copper prices rise from 25 cents and stock indicators show momentum. He reports sending telegrams to Stock Exchange members to buy Anaconda stock and notes Amalgamated also surging, predicting certainty soon.
The narrator praises Trinity's smooth rise and recalls past stock campaigns like Butte, Trimountain, and Copper Range. He details profiting by selling 4000 shares bought at 12 and 26, then buying back later, and predicts further gains with limited market activity due to a holiday.
Thomas W. Lawson notes a calm Boston market on State Street as prices rise on favorable news. Treasury to buy 25 million short term bonds at 101 and potential extension to 100 million fuels buying, with notable gains in Amalgamated and Union Pacific and a broad list of copper shares.
Announcement states a legal holiday in New York will close markets and the Boston stock exchange will not hold a session. William E. Soule signs the notice.
The Boston Market column records the stock and bond market prices plus total day sales. Listed stocks show 8,303 shares traded, bonds 20,000, and unlisted stocks 17,069 shares in this edition.
The curb market showed brisk demand with Boston-Corbin up from 85-8 to 95-8, Davis-Daly trading 18 to 183-4 and later 181-4, Rosario at 22 675 shares ranging 78 to 70 cents and closing strong at 75 cents, Raven heavily bought with a 13 4 close. Rumors of Raven management changes spurred the strength and activity.
Yesterday's market activity in New York is summarized on Page 11 with highlights from trading in major stocks and indices. The brief notes notable price movements, volume shifts, and key movers across sectors, reflecting daily market sentiment.
At a board meeting in Montreal on February 11 the Canadian Pacific Railway Company declared a 2 percent dividend on preferred stock and 6 percent on common stock for the half year ending last December. An extra half of 1 percent on common stock was also declared to be paid from land sale proceeds. After expenses and prior dividends, the company shows a $6.6 million surplus for the half year.
The King Crowther Corporation announces a stock rise from 65 to 70 a share as the smallest move yet, with a future potential to jump to 100. The offering is limited to 4000 shares and ends by March 6. The firm claims to be the largest independent oil company in the U.S. and seeks dividend parity with Standard Oil’s historic payouts.
Thomas A. Edison marked his 60th birthday in Llewellyn Park New Jersey and discussed future plans. He envisions self propelled airships higher than roads and limited by practical flight, and notes progress on a long lasting storage battery expected to last seven years with wider use in New York trucks.
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