The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1896-05-27
MINING.
stocks
BOSTON May &c. 1895
Our Boston Letter.

BosToN, Mass, May 25, 1896.
There has been an active speculation in
the copper mining shares in the Boston
stock market during the past week.
Prices have been manipulated with a
view TO attracting outside buying. How
well these tactics have succeeded cannot
be correctly estimated, as the insiders
have engineered the rise automatically,
but have not wholly covered up their
tracks. Matched orders" and "wash
Gales" have been a feature of the trading,
although tie rules of the exchange
strictly forbid such underhand dealings.
1t has been given out to the press that
such-and such broker has bought 900
shares OF Montana for the insiders, but
well-infOrmed per. ons, with less regard
for the feelings Of the insiders, are author
ity for the statement that the insiders
sold some 5000 shares of Montana at
the came time the aforesaid broker was
buying the 900 shares, although the
fact OF the selling was not heralded
abroad. There may be few new lambs
in the street who may be misled by the
stories which are floating around about
the purchasers of this or that stock by
inside interests, but the majority OF the
traders on the street are not so easily de-
ceived. Montana has been good sale
every time il has advanced since the cul-
mination of its boom last summer and
the same is still true now, according to
the words OF n gentleman very close to
the inside on Montana affairs. The
boomers are talking of the higher prices
OF copper and the additional amount of
money which the Montana mine is max
ing at the advance; but, in the same
breath they say that the Montana mines
product is sold ahead az far az August,
forgetting that in such a case, the CON-
pany, instead OF benefiting by the ad-
vance, j. loser because it's product is al
ready sold at lower figures. The price OF
copper after next August is 3 matter OF |
il may be higher or it may be
what the Montana company is making
on the present rise are too thin to be be. |
lieved.
Another stock which is controlled by |
the same syndicate of spectators is the /
Old Dominion copper. The insiders are
trying TO get this stock up to 20 and to
unload on the public. No official infor-
nation is volun eered the stockholders,
out vague, "Butte-like" rumors are circu-
ated about theproperty. Ii is predicted
by iar-seeing persons that Old Dominion
ar IA it's career in the stock market il
concerned and that the unfortunate
FOLDERS will have the same experience az
lid the holders OF Butte 4 Boston. After
he Old Dominion deal is carried through
{ ~ said that the next victim will be the
Id Santa Fe mine, which company IL to
eorganized and floated on the street for
be seventeenth time.
A heavy selling movement has been,no-
ICED the last few days in Franklin, but
othing definite il obtanable as yet.
treasurer Demmon has been confined to
IL home by sickness for some weeks, but
opes TO be able To return TO his desk
BON. Gossip has il that some hitch or
acknowledgement has occurred in the
ewabic suits.
The gold stocks have been quiet in com :
arson with the leading copper CANDLES.
creed has been firm on short covering
I'd Ysabel has advanced on the receipt !
favorable news concerning the develop