Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-12-14
LOCAL FINANCIAL NEWS.

Greene Copper stock was the most inter-
esting security on the list at the meeting
of the stock exchange today. This was
owing to the continued advance In che
price, for during the morning hours the re-
ports from New York showed that the
stock sold on the curb market there as
high as 1895, an increase of nearly three
points over the asking price here yesterday.
Ever since Saturday last the upward
progress in this stock has been continuous,
for on that day the asking price here was
about 25k. while yesterday on the local
board 29x was asked for 1t, and today the
stock sold as high as 22A.
There was q large amount Of the stock
dealt In at today's meeting. but that did
not seem to interfere with the rise. which.
or course, was governed largely by the
course of things in the larger market In
fact, the entire movement in this stock
since Saturday has not been marked by
large transactions on the local exchange.
AS Is well known. there are large holdings
of this stock in this city, and today one or
the brokers gave 1t as his opinion that our
ing the past two days about 10000 shares
held in this city had been sold In New
York. The transactions both In that city
and In Boston during the past week nave
reached large proportions. and according to
the records of the sales In the curb market
there were over 10000 shares sold yester-
day in New York alone. while about the
same amount was dealt in in Boston.
The total transactions In the stock at the
meeting today of the local board reached
about 1.5O0 shares. which represents the
largest one-day's trading in this security IN
recent days. The range of prices for quota
ton lots of 100 shares was from 32Z to 3ZB.
Only one option was sold. and the price
paid for it was 33h. A bid Of 32A was made
by two brokers for a thousand-share lot, or
for any part.
The resident director of the company in
this city, Mr.. NJ M. Parker. in speaking
about the affairs of the company today to
a representative Of The Star said that It
was proposed to form q holding company
in which Thomas F. Ryan and Thomas r.
Coles, the Montana copper men who are
prominent in the management of the Anal
gamated Copper Company, would be iden-
titled, and that this holding company would
take over the Greene Copper and the Ca
nanea properties In Mexico. which adjoin.
This arrangement, he said, had been
brought about mainly through Col Greene
the president OF the company, who wished
to be free In the future from the financial
management of the property in order thar
he might give his attention exclusively 70
the development OF those properties, ana
others In which he is interested. Mr.. Cole
would be at the head OF the noidlng com,
that It was not the intention to increase
the capital stock OF the Greene Company
as has been rumored.
The following statement OF tho aituatfon
was furnished today by the Wall street
Journal:
THOMAS F. Cole, John D. Ryan and
their associates have secured control OF the
Greene Consolidated Copper Company. IL
Is said that while the Amalgamated Copper
Company. as company, has not secured
control OF the Greene Copper Company,
the latter property and the Cananea Cen
trail will be dominated by Amalgamated
MANAGEMENT It Is understood that con-
soiIdation of the Cananea and Greene Com
panies win be effected"