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Show I MORE FACTS ABOUT UNITED STATES SALE i There have been many rumors about United States Smelting, Refining and Mining which probably were responsible for the aggressive selling of the stock on Saturday, all of which, however, was not long stock, says the Boston News Bureau. What has happened is simply that, the Holden, Coolidge and Clark interests in the company, amounting to 50,000 shares of common stock and 17,000 shares preferred pre-ferred stock, have been sold privately to their fellow directors at 37 and Vs brokerage commission for both the preferred pre-ferred and common stock. This was done several weeks ago, however, atl we referred to the transfer at tho time. The transfer of this stock at, this price represented a considerable loss to the owners, as a good portion of the stock cost all the way from $46 to $60 per share. 18,000 shares of the stock was originally taken over on subscription subscrip-tion at $46 per share. All of the pre ferred stock, however, was derived as a commission by the Boston & Cleveland company, controlled by Messrs. Holden, Coolidge and Clark, for turning over tho Real del Monte property to the United States company. We understand that the above 67,000 shares of stock was distributed among the directors in part as follows: R. L Evans took 17,-000 17,-000 shares, N. W. Rice 10,000 shares, .T. J. Storrow ' 10,000 shares, Galen L. Stono 10,000 shares of preferred, Sidney W. Winslow 10,000. The above transaction is not regarded as at all detrimental to the United-States United-States companj as it transfers the stock into strong hands and strong boxes. Tho above transfer of stock probably accounts ac-counts for the recent resignation of Mr. Coolidge as vice-president of the company, com-pany, although he still remains as a director. Ho is now in Mexico with Managing Director Holden. |