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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jan 14, 1908
Page
8
Wall Street reports a surge of outside orders driven by a swift banking position recovery and rising prices. Traders sold cautiously on advances, with brief rallies after realizing sales paused, while professionals approached declines with restrained pressure and notable small but sentiment-shaping selling.
Trading on Wall Street and Boston markets showed continued gains led by Amalgamated Copper and Reading, with notable activity in New York Central, Canadian Pacific, and Pacific Mail. Declines touched several issues in Boston while monetary policy moves and corporate news supported a buoyant tone.
Preliminary figures from the Bureau of Statistics show December 1907 as the month with the highest domestic exports total in U S history at 27 265 125 for breadstuffs. The calendar year 1907 totals rose to 967 338 047 with cotton and mineral oils contributing large gains while provisions and livestock varied.
Boston Ely Mining Company closed at 2.81 on the curb with intraday high 3.25 and low 2.50 as 21 091 shares changed hands. The piece defends the stock against a rival “Frenzied One” critic and asserts a legitimate, profitable trading record.
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