Wall Street Sees Revival of Speculation in Key Stocks
New York Jan 17 The market featured renewed speculative activity in Union Pacific Colorado Fuel Amalgamated Copper and related metals. Amalgamated fell under heavy selling while rumors of major copper consolidations swirled. London copper prices dropped sparking concern but the close held steady amid late rallies.
MENTIONED IN THIS ARTICLE
New York
Union Pacific
Colorado
Montana
Boston
Amalgamated
London
State Street
Tone
Pennsylvania
Reading
Colorado Fuel & Iron
Southern Iron Properties
United States Steel
Boston Clearing
Sub-treasury
YORK
BUD Treasury
Bankers’ Sterling
Suede Shares Ve Wei Ea
Amalgamated shares lead New York market turn
State Street Jan 17 report details a volatile session with Amalgamated as pivot. Strong support lifted Industrials as Pennsylvania Reading Union Pacific surged, while Amalgamated closed down amid a broader uneven market.
Boston curb market steadies as Smelting issues lead gains
A brisk trading day on Exchange Place curb in Boston saw widespread advances led by United States Smelting. Smelters common opened 6 1/4 rising to 6 1/2 while the preferred climbed two points to 48. Strong demand for Eagle & Blue Bell rose the stock to $4 amid talk of Bingham entering the Coram copper consolidation.
MENTIONED IN THIS ARTICLE
C. Augustus Seton
New York
JL. W. Prior
Cleveland
Seton
New York Stock Exchange
Prior
Exchange Place
United States
Bingham
Coram Copper
Eagle & Blue Bell
Douglas Copper Company Figures Rise as Copper Boom Grows
The Douglas Copper Company of Coconut Sonora Mexico markets its 6 percent first mortgage gold bonds at 123 with 2 shillings sixpence discount for full payment. A January 16 stockholders meeting re-elected the board as it reports no debt and larger cash reserves, plus newly acquired properties within 20 miles of existing holdings. The company is praised as a premier copper investment with expanding mineral lands and rising market interest in New York Boston and London.
MENTIONED IN THIS ARTICLE
New York
Belmont
Ryan
Metropolitan Street Railway
Raven
Greene Consolidated Gold Company
Greene Gold
American Securities Corporation
John Hi. Whitlock
Cahuilla Mining Company
San Jacinto River
San Jacinto
Cal
Babtise Canyon
Riverside County
Boston Capital
Butte
J. E. Doucette
Boston Stock Exchange
Henry Nicolay
Logan & Bryan
Chicago
Philadelphia Stock Exchange
Tennessee Coal & Iron Company
Troy-Manhattan
Troy
Manhattan
Ariz
SOULE
Douglas Copper Company
Coconut
Sonora
Mexico
Wall
No Man's Land
Boston
London
Douglas
Greene Consolidated
Harriman
R. Guernsey
Douglas Mines
Southern Pacific
Guaymas
Guadalajara
Harriman Group
London Stock Exchange
America
Europe
Douglas Copper bonds offer 6 percent converting to stock
A Boston broker promotes 6 percent First Mortgage Convertible Bonds of the Douglas Copper Company at 123, with 20 shares per 1000 bond conversion. He claims a 1000 ton smelter will start by fall and a vast ore supply supports large potential dividends, urging investors to buy now and convert holdings into stock as the company builds a Mexican copper empire.
State Street Copper Venture Puzzles Investors
The American Consolidated Copper Company seeks a $150 million capitalization with European funding backing. H C De Friese’s six month regional study points to operations around Butte including Davis and Daly properties, with Utah Arizona and Mexico named as future seats. J A Coram fronts Boston support while Larkin T Trull serves as president. H M Burton confirms rumors and promises a public statement.
MENTIONED IN THIS ARTICLE
American Consolidated Copper Company
State Street
H. C. de Friese
Butte
Davis
Daly
Utah
Arizona
Mexico
Balaklala
California
J. A. Coram
New York Bonds Close With Mixed Tuesday Prices
Closing bond prices from New York show varied shifts from Tuesday Jan 17 to Jan 16 across US and international issues. Notable listings include US and Japan government bonds, railroad and corporate issues, with several notes steady near parity and others dipping modestly in value.
MENTIONED IN THIS ARTICLE
U S
Japan
Do Ist Inc
Ad's
M & Sd
NY Cg.dlas
Atl C
Bal & O
Nor Pac
Do 1St Inc
Do 2d Inc
Do 3d Inc
Istl&im
C & A Sis
St L
B&q
Sea A L
C.rl & P
Sea Pac
Tex Pac
Jtn Pac
Cuba
D & RG
Ry Erien
Hill Retainer Inquiry Placed Under Bar Association Review
Albany Jan 17 The New York State Bar Association will investigate whether former Senator David B Hill acted improperly or unprofessionally by taking a retainer from the Equitable Life Assurance Society The inquiry will probe whether the compensation was reasonable or excessive and if any political purpose or services influenced the arrangement Hill said the retainer precluded him from any society related litigation and his work was strictly professional with no payment for political services.
MENTIONED IN THIS ARTICLE
Albany
N. Y
David B. Hill
Equitable Life Assurance Society
New York State Bar Association
Hill
Equitable Society
Siamese Sovereign Honors Harvard Man
The Grand Cross of the Order of the White Elephant is awarded to Professor E. H. Strobel of Harvard Law School by Siam. The honor recognizes his diplomatic efforts that freed Siam from entangling international difficulties and marks the King's appreciation of his services.
MENTIONED IN THIS ARTICLE
the Order of the White Elephant
E. H. Strobel
Harvard Law School
Siam
Strobel
Harvard
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