Inter-Mountain Republican | 1909-03-21 | Page 12 | Gawbling Game Cut Ohio Copper

fAME I CUT GUT OHIO OHI COPPER New Yorkers Broke Market to Punish Salt Lake Brokers On the Now XO York curb yesterday according to dispatches received ed b by Badger Bros Ohio Copper sold solI as low 10 as 1 5 and ane closed at William Wilam H. H advices ad from Boston were that on that market markel tho stock opened at 7 sold downto down downto to 6 and rallied to 73 1 Accor According to the best Information to be obtained the erratic action acton of 01 Ohio Copper tho the last few days das was duo due to concerted efforts of or a coterie of or New Y York rJ investors to break the market on account of their having been turned down by b Salt Lake LaJ brokers In what appeared to be a scalping game gome During thy thu that Ohio Copper was steadily advancing the easterners easterner eastern eastern- er ers sent heavy orders to brokers of ot this et city The orders were executed but when whon the buyers were drawn upon the meeting of the drafts was Invariably delayed ono one da day This of at course as long as the stock tock was wag advancing ad advancing advancing ad- ad enabled tho the speculators speculator to turn a profit pron ever every da day without Invest ing a cent The he Salt Lake Lale brokers finally became became be be- came war wary of ot tho the game that was wa be beIn being be- be In lug ing played playe and one house with 31 of at Ohio Copper orders filled fled demanded de de- de- de that Imme Immediate late payment bema be bo ma made e or the stocks would be closed out Tho The New N N w Yorkers ers Yorker unable or unwilling unwilling un un- un- un willing to meet the demand determined determined determined deter deter- mined that If It the tho stocks stocks bought for them were sold It should be at a loss and 1 forced the break In tho the market market market mar mar- ket in the tho East The drop from to Lo 65 here herc on Friday quickly folI fol- fol fol 01 lowed owed I Ono One local broker who FI Friday ay mornIng mornIng morn- morn Ing ng received from the tho New Nc Yorkers an nn order to bu buy 2000 shares of at Ohio Copper opper at turned down Iowa tho the or or- or der Had Hal he lie filled It he would of or ourse have been left lef with nith tho the bag bago ag to o hold It I was LS believed yesterday that the nurr flurry lurry was virtually over that th the price rice of or the stock will wi on Monday go ro back around 8 So far as could be me learned Ohio Copper insiders Insider had nothing to do with wih the forced slump stump certainly nothing In connection with wih the he company's compans property was In an ana any anyway a way lay accountable for tor it It It I was purely purely purey pure pure- ly y the thc result of ot a stock gambling j j game pm a mc I