Weekly journal-miner., 1916-11-22
GREEN MONSTER POOL HAS BEEN
 DISSOLVED
VOTE IS NEARLY UNANI- NOUS FOR RELEASE OF STOCK; COPPER CHIEF DEAL DISCUSSED.
(From Tuesdays Daily)

animous those Green Monster stock holders who were subscribers 10 the reorganization issue and whose
 stock was pooled at the time. decided
 to dissolve the pool at a called meet
 ing held yesterday afternoon at the office of Attorney LcRoy Anderson.
 This pool, which comprised 500,OOO
 shares and was formcd last April, was for the purpose of holding the
 stock off the market so as to success
 fully finance the company. Although this object was accomplished within
 4S hours after the books had been opened to the public for subscription
 at 75 cents a share, yet in justice to
 those who had subscribed at that price
 the holders of tine pooled issue. did
 not deem it fair to break the pool,
 the effect of which would have been
 to deprcss the market price at that time. Under the terms of the pooling
 agreement, the pool could have been broken at any time by two-thirds
 vote of those thus interested, but
 such a move was never contemplated
 until the price of the stock had reach
 ed such a market value that the in-
 terests of the buyers Of open stock
 would be protected. Original pur-
 chascrs of the stock have been able
 for several weeks past to secure $
 and over share for their holdings,
 and at one time the stock reached a
 high of S67$.
 For nearly two weeks it has been known in New York financial circles
 that the meeting yesterday was to be
 held. and it was generally understood
 that the result would be vote favor able for the dissolution of the pool Accordingly the action taken yester- day was generally discounted and al though Green Monster touched SS}S in the morning session on the Curb yesterday it quickly soarod to S and closed strong at S454. This would in- dicate that Eastern investors do not fear any depressing effect consequent upon the release of the half-million shares of pooled stock As matter Of fact. the largest interests in the late pool, ii is stated, have no intention ol disposing of the certificates which will now come into their possession within the next few days. It Is de- clared that not more than 5OOOO shares that were in the pool will come upon the market, and if this be correct. that quantity can be easily digcsted by the strong market that now exists in New York. 1 Such is the faith oi the big interests . in Green Monster and the future of the | that they propose to in- crease their commitments should the . stock possibly drop to around s. In fact. there are already large orders in tnc hands of New York brokers to buy at S3rE should the stock break to that figure as a result of the dissolu- ton of the pool These people are confident that the stock will be sell
 rg around Sl0 in the next few months, particularly ii the company should elect 10 exercise its option for the pur- chase of the Copper Chief. The stockholders will decide this matter at meeting 10 be held in Jerome on December 1. and the dccis- on will largely depend upon the re- port that will be made upon the Cop per Chief by the gcoloeiSt who iS now completing an examination of that property. In case, the decision DC reached to purchase the property, inc stockholders al the meeting will . hen discuss a method for the diSpo- ,ition of the 3GO0OO shares remaining n the treasury, for the purpose of f. laucing the acquisition oi the Copper Chief.