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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Apr 13, 1905
Page
10
The April 12 market report notes ongoing stock uncertainty with bursts of strength and sharp weakness. Union Pacific remains firm while New York Central and Illinois Central weaken. Amalgamated Copper and United States Steel rise as copper and mining shares attract New York buying.
In a letter this afternoon Mr. Lawson hints at a coming deal between Amalgamated and American Smelters, wagering the law will block it. He foresees Amalgamated surging if approved and chaos if estopped, with a public reveal planned May 20. Boston Consolidated plans a Utah concentrating mill funded by 1.25 million in bonds issued to Panure Gordon & Co. London bankers. A Chicago despatch notes Atchison to build a 250 mile cut‑off to the Pacific coast, reducing costs and travel time. Heinze sues Parrott Mining for 5 million, alleging ore theft. Old Dominion may post a new April output record, Ontario tunnel work nears completion, Union Pacific sees loan demand, and United States Steel buys 60 thousand tons of plate steel. Edwin G. Heath.
The market reports the first dividend paid with total sales of listed stocks 34 504 shares bonds 57 300 unlisted stocks 36 754 shares.
Closing bond prices show varied results with U S issues trading around 104 for 8s and 3s while 4s move between 133 and 183. Industrial and railroad issues such as Atch g's 102 Atla CG L4s 101 and Erie p 4s 101% reflect mixed demand. Japanese and Mexican issues appear in later listings with Me x Cen 4s at 78% and L&N 4s at 1044.
Federal Trust Company announces a semi annual note at 2 percent dated April 22. Tennessee Coal and Iron Poropeny offers a 2 percent preferred quarterly issue dated May 1. Pacific Coast Company also files a quarterly 2 percent preferred issue dated May 1.
The note advertises a Washington Easter Tour on April 21 via Pennsylvania Railroad. It offers a week’s trip to the national capital from Boston at $25, covering all expenses except supper on the Fall River line. Apply to George M. Roberts at 205 Washington Street, Boston.
Tremont Theatre opens with Nance O'Neil in Camille and later The Jewess as part of a six show stretch including Judith of Bethulia and Hedda Gabler. Hollis Street hosts Mrs. Patrick Campbell as Zoraya in The Sorceress while The Gentle men from Indiana with Clara Bloodgood and Edward J. Morgan plays Majestic.
Chicago reports show wheat futures firm as May contracts rise on rumors of a Wall Street clique leader in Chicago and deteriorating Kansas wheat. July futures gain slightly while corn oats and provisions hold near unchanged. Primary receipts reach 262 200 bushels.
Grain prices show May wheat at 1.15 half to 1.15 and July near 1.87 while Sept holds around 1.82. Corn bids for May about 0.487 and July around 0.483 with oats near 0.30. Options on July wheat list puts and calls at 87 to 95 percent.
The New York stock market opened firm but faced active selling from Western interests, pushing prices lower during the morning. A late rally lifted levels with sharp gains in American Locomotive and American Smelting, closing near day highs while Union Pacific and Amalgamated edged higher on renewed demand. Total volume reached 256,350 shares.
In the fourth session of the Superior Court yesterday a verdict in favor of J. R. Murphy against the Metropolitan National Bank was returned for .883 on a note transaction.
Nance O'Neil returns as Leah in The Jewess at Tremont Theatre with a strong, sombre performance praised for artistry over vehemence. McKee Rankin as Farmer Lorenz and Charles Dalton as Joseph receive noted praise, while Camille is announced for upcoming shows.
Abbot Parker claims a lightning encounter in Morristown New Jersey in August 1904 left his back imprinted with a crucifix image. He has toured major cities for validation, undergoing tests by over 500 physicians who deem the phenomenon extraordinary and unprecedented in medical history.
Henry B Harris, guiding Robert Edeson in Strongheart at the Park, has secured two long term engagements. T Daniel Frawley will tour in Rawson's Folly starting May through the West and Pacific coast, with a later New York bow. James J Corbett is to star in Cashel Byron's Profession with stage adaptation negotiations underway, debuting on Broadway next September.
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