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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Mar 30, 1910
Page
12
An editorial examines Boston stocks highlighting copper mining as highly speculative and railroads as solid investments. It discusses Lake Superior copper mines, Western copper declines, and four leading Western mining stocks dropping sharply. It calls for more frequent, detailed public reports to protect investors.
Chicago City Bus 21 2 per cent Cumberland Ely 10 cents Lake Shore and Michigan Co 6 per cent Lanston Monotype 11 2 per cent North Star Mines Co 3 per cent Steel common 13 4 per cent Associated Merchants 1st and 2d paid Parrott Mining activity noted.
Price movements in New York and Boston were brisk with gains in several issues. Key actions include Atchison issuing 43.686 million dollars in convertible bonds and notable activity in Amalgamated Smelting Reading Union Pacific and Southern Pacific stocks.
Up to March 26 the United Verde Extension Company had cut 26 feet into its new vein without determining its width. Some assays run as high as 47 percent copper and $10 gold with two or three ounces of silver. Charles F. Clark seeks proxies for minority representation on the North Butte Mining Company board ahead of the April 18 annual meeting. Three directors will be chosen for three years as terms of James H. Gayley J. B. Cotton and Charles A. Duncan expire. A stockholders' meeting for Lin River on April 20 would authorize selling company property to consolidate with lands under option to the east and south, including the South Range property. Options, tied to St. Mary's Mineral Land Company and Section 13, extend two years and are believed to cover area at the Lake district boundary between sandstone and trap range, near lodes located in the past.
Boston March 29 curb stocks mostly recovered from yesterday losses. Notable risers include Oneco South Lake Bohemia Corbin Copper and Cactus while Maritime Exploration and Bay State Gas showed strength. First National Copper weakened ending at 3 1 8 after opening 37 8. Full fluctuations listed.
The Boston Market reports the day’s stock and bond price movements with total sales and a comparison to the previous close. Market activity is provided for March 29 with overview of gains and losses across major issues.
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