Prices Fall On Sudden Change Wall Street Report
Wall Street sees abrupt shift from confident buying to heavy selling as prices slide. Amid a mixed message from bankers and traders, gains turn to weakness while money markets firm and expectations for rates shift with Japanese loan payments looming.
MENTIONED IN THIS ARTICLE
Wall Street
Bankers’ Convention
Washington
New York Bank
Douglas Copper Bonds Offer Ends Soon at 112 Flat
A Boston broker urges investors to buy Douglas Copper Company first mortgage 6 percent convertible bonds at 112 flat before October 14. He promises rapid price gains to at least 115 flat and explains extensive mine development, smelter plans, railroad subsidies, and strong management backing. Bonds are convertible to stock at par and offer March and September coupons with optional full or partial payments.
MENTIONED IN THIS ARTICLE
New England
Douglas Copper Company
Douglas
Douglas Copper
Douglas Bonds
Theodore Douglas
Melbert B. Cary
Douglas Securities
Hotgies
Southern Pacific
The
Railroad Corporation
Guaymas
Douglas Mines
Gulf of California
Stock Exchange
Boston
Broadway
New York
Calumet & Hecla
Anaconda
Journal Building
Mass
F. King
Copper trades and new Greene Consolidated directors noted
Gossip on copper demand highlights strong trading in Allouez Old Dominion and North Butte with Pittsburg buyers and Boston orders. A Pittsburg broker buys a seat to handle large orders. Greene Consolidated Copper elects directors Eugene N Foss H C Hulbert Thomas B Wilson W A Woodberry L D Baldwin A Bleecker Banks as stockholders reject a suggested measure.
MENTIONED IN THIS ARTICLE
Old Dominion
Boston
Isle Royale
Allouez
Atlantic
Centennial
Franklin
Mohawk
North Butte
Tecumseh
Pullman
New Haven & Hartford
Old Colony
Albany
New York
Vanderlip
State Street
Chicago
Pittsburg
West
Boston and Utah Copper News Highlight Market Shifts
Stocks and dividends dominate a brisk Boston market scene with moves on the Boston & Maine rail bonds, Utah Copper Company, and new Boston offices by Jones Gott & Co. plus Charles K Fankhauser & Co. growth. Nevada mining news notes Mammoth smelter's impact and high grade ore demand.
MENTIONED IN THIS ARTICLE
Walter F. Jones
Guy L. Gott
Congress Street
Jones, Gott & Co
A. Heinze
Butte, Mont
Wesley A. Gove
Boston Stock Exchange
Gove
Boston & Maine Railroad
Hastern Railroad Company
Danvers Railroad Company
Newburyport Railroad Company
Danvers
Newburyport
Northampton
Mass
Northampton Institution For Savings
James A. Pollock & Co
Salt Lake City
Utah
Copper Company
Wall
Utah Copper Company
Charles K. Fankhauser & Co
New York
Chicago
San Francisco
Boston
California
United States Mining Company
Kennet
Mammoth
United States Company
United States
Tonopah
Nevada
Exchange Place
Bisbee
Junction
Pittsburg
Majestic Copper
Boushe
Frederick Dow Files Bankruptcy in Buffalo
Frederick Irving Dow, an accountant formerly of Boston, filed a bankruptcy petition in Buffalo. Dow, a protege of Arthur Appleyard, owes as an indorser on Appleyard paper. Secured claims total 5120, secured by stock in Columbus London and Springfield Co. now held by a receiver, with doubtful value.
MENTIONED IN THIS ARTICLE
Buffalo
N. Y
Frederick Irving Dow
Boston
Dow
Arthur B. Appleyard
Appleyard
Columbus, London & Springfield Company
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Ontral
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Eereeeee
Delaware & Hueee
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Wilson Bros. Jewelers
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Willard Massey
Washington St
Boston, Mass