Stucks Soft and Bears in Control at State Street
On January 28 the market faced a soft tone with limited demand and weak closes. Leading issues fell from morning levels with Amalgamated, Reading, Union Pacific, and others trading near day lows as money markets held steady and copper concerns pressured sentiment. The day ended weak with prices near their lows. The report also notes a wary banking stance and a tentative surplus context in Boston and New York.
MENTIONED IN THIS ARTICLE
State Street
New York
Lake Copper Combine
St. Paul
Union Pacific
Northern Pacific
Pennsylvania
Anaconda
Atchison
Southern Pacific
Mohawk
North Butte
Shannon
Arcadian
Isle Royale
Gossip of the Street Sparks Mining and Finance Buzz
Rumors link Thomas F. Cole to a potential control move at Old Dominion through Phelps, Dodge & Co as experts inspect the property. Boston Elevated Railway pays a 3 percent semiannual dividend and Utah mining leaders see shifts. updates cover Utah Copper, Bingham Central, and the New England Mutual Life Insurance result. La Salle stock rises on curb market activity, while copper dealers dispute prices and storage claims.
MENTIONED IN THIS ARTICLE
Thomas F. Cole
Phelps, Dodge & Co
Old Dominion
Dr. Ricketts
Globe Consolidated
Mr. Cole
Boston Elevated Railway Company
F. Il. Williams, Jr
Utah Consolidated Mines
R. H. Channing
Bamberger
Park City
Utah
Ely Witch
Harold Murdock
National Shawmut Bank
City
HE. H. Ferry
Frank Houghton
J. J. Hill
Minnesota
Great Northern
St. Paul, Minneapolis & Manitoba Railroad
Manitoba Company
Garfield
Bingham Central
New England Mutual Life Insurance Company
Warren Sawyer
Henry Parkman
Wallace T. Pierce
Charles HE. Cotting
Utah Apex Company
Utah Smelting Company
Ogden
Hornblower & Weeks
Chicago
Central Trust Company
T Illinois
Monroe Street
Edward Clifford
la Salle
Boston Stock Exchange
James Noroton
Northeastern Metal Dealers’ Association
Bonaparte
Noroton
Charlestown
M. Noroton & Co
William E. Soule
Copper market turmoil and Trinity stock advised buy
The writer chronicles a volatile copper market led by Amalgamated and Copper Range, citing manipulation attempts and fake stories. He urges Trinity stock as safe, noting Trinity’s strength while others fall, and reiterates a buy recommendation under 65.
MENTIONED IN THIS ARTICLE
Stock Exchange
Trinity
Amalgamated
Copper Range
Tamarack
North Butte
Calumet & Hecla
Butte
Trimountain
Trinity Copper Company
Market Prices and Sales Totals Reported by Boston Market
The Boston Market records a daily stock and bond market summary with ex dividend and related payments noted. Total sales include listed stocks 71 962 shares bonds 23 000 unlisted stocks 13 358 shares and rights 81.
Market Wrap: La Salle, Nipissing Lead Commodity Movements
Curb issues remained active with La Salle leading gains as prices rose from 311-2 to 341-2 and touched 35 on an odd lot sale. Laramie held firm around 31-4 while Abitibi & Cobalt rose to 61 cents and closed at 60. Nipissing slipped from 121-4 to 111-4 and Superior & Pittsburg fell to 271-2, reflecting mixed strengths across the metal street.
MENTIONED IN THIS ARTICLE
la Salle
Laramie
Abitibi & Cobalt
Nipissing
Superior & Pittsburg
Also Mentioned on This Page
Stucks
Bears
New York Stock Exchange
the Boston Bank Statement
Boston
Eee Ees Ee
Eevee Eeee
Ee Ee Ee
Eee
Eevee
Barron
Boston News Bureau
Heinze
Boston News
Associated Press
Norton
Amalgamated Company
Roosevelt
James Norton
M. Norton Co
Thomas W. Lawson
Body Financial
King Crowther
Mortimer Kensington
A. B. Coe
Esquire
Burlington & Mo
Chicago Junction
Illinois Steel
Kan City
Clin & Sp
Eeee
aAtchison
Bos & Low
Bos & Me
NY & NH
Union Pac
West End
Bingham
Butte Coal
Seyded Poly
Cal & Ar
Cal & Hee
Crescent
Daly-West
Elm River
Franklin
Guanajuato
Michigan
Quincy
Tennessee
aGen
Seattle
J. Thomas Reinhardt
Change Place
Wall Street
Amal-Nevada
Arizona
Auto Force
Batopilas S
Bay State Gas
Barnes King
Cone
Black Mountain
Boston Ely
Butte Mont
Ag Org Oe
Butte & London
Ely Consolidated
Foster Cobalt
Furnace Creek
Good Spring
Giroux
Globe Canasst
Greene G-S. Oak T
Greene Cananea
Hancock
SDC
Oston Daily Tribune
United States
Mortimer Penna
Bias Bebet Y
Mortimer Queen
Mortimer Kensington Queen
Individucl
Uas
Boston Daily Tribune
the Tribune
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