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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Aug 10, 1909
Page
10
Washington August 9 crop report from the Department of Agriculture shows an indicated Winter wheat total yield of 432,920,000 bushels, down from 437,908,000 last year. Average condition 90.3, versus 90.1 prior year. corn 84.4, spring wheat 91.6, Mars 85.5, with other grains notes.
WALTHAM Aug 9 Samuel C Upham who has been a Middlesex county commissioner for over twenty years plans to run again for a three year term. For the first time in years strong opposition develops as another faction seeks representation on the board with Samuel O Staples and Charles J Mc Pherson of Framingham active in backing Upham.
Aug 9 Brookfield reports Oxford Linen Mills plans to enlarge its current facility next spring. The project will add employment for about 4500 workers and cost an estimated 700000 to 800000 dollars.
Through private sources we have a tip about a planned campaign by Mr. Burton and claim he will profit his followers. Backing him are influential figures and a large developed property. The message urges readers to buy at a bottom price of 25 cents and to send orders to United States Securities Co. in Boston.
A day of profit taking saw New York and Boston markets pull back slightly while steel, Reading, and Union Pacific hit new highs. The day closed steadier as supply and demand balanced, with copper shares showing resilience and traders eyeing upcoming ore and zinc projects. Local money rates and clearing data reflected typical summer liquidity conditions.
The Boston market shows sustained demand for copper shares with renewed attention on newer issues. Buyers remain optimistic about price prospects as trading continues briskly amid a growing market interest.
A veteran investor states he will not advise buying stock without firsthand knowledge and offers a free pamphlet and advertisement to readers. He pledges his reputation and asserts that those who invest at the bottom figure will make money, promising broad interest in the stock report.
Waltham Bleachery and Dye Works declares semi annual dividends of $4 with record date August 9. Uncle Sam Consolidated Mining Company mails a two cent dividend with record date August 14. Toledo and Ohio Central Railway Company issues a five percent annual dividend with record date August 15. Additional entries note similar corporate distributions for the period.
In Boston on Aug 9 the curb market was active and broad with prices irregular. Corbin moved to 78-8 to 9, Ohio Copper fractionally higher to 43-4, Bay State Gas at 66 cents, Rhode Island Coal to 77-16, while Davis Daly fell to 71-4 and Southwestern to 12 cents. In Cactus to 4 1-4 amid overall fluctuations across the curb list.
Calendar for today lists dividends payable across Amparo Mining Cal and Chicago Canal Docks Casein Co of America pref Electric Properties pref Mines Co of America National Railways of Mexico 1st pref Lawrence Gas Light Louisville and Nashville Ex div Cleveland and Pittsburg guaranteed and spl guaranteed Gorham Manufacturing International Harvester pref Oswego and Syracuse Railway Miversmiths Co Books Open Casein Co of America pref New York Ontario and Western common Meetings Baltimore and Ohio National Enamelling and Stamping
Bond market brief noting temporary loan awarded in Somerville Massachusetts to Blake Bros and Curtis & Sanger at 3.61 percent discount. Lenox Massachusetts sells 40000 school and fire bonds to Crocker and Fisher at 102.073. Essex County Massachusetts bids due August 16 for 100000 notes dated August 25 with 50000 due December 25 and 50000 due December 31, 1909. Salem Massachusetts bids due August 10 for 70000 notes payable October 11. New York Stock Exchange applying to list Louisville and Nashville Railroad 18700000 in unfilled 50 year 4 percent bonds due 1940. North Adams Massachusetts seeks a 2000 loan payable 400 yearly 1910 through 1914. Henry Worthington Steam Pump Company stockholders authorize 5 percent notes to refund 6 percent notes held by International Steam Pump Company. Montgomery Alabama treasurer accepts bids for 50000 five percent paying bonds due in 10 years, bids due noon August 16.
Copper has powered a regional boom in Boston and surrounding areas. The text notes copper as a major wealth creator for New England families, supporting mansions, marriages, ships, and large financial endeavors. It references a table showing shares rising from a few to about 50 points.
Malden on August 9 seven year old Myer Klane son of Mr and Mrs Harry Klane drowned in a swiftly flowing stream behind his home around 5 PM. The tragedy occurred in a quiet residential area as emergency crews responded to the incident.
A boy leaning over the bank to grab cloth slipped as the bank gave way and was swept away. Charles W. Ellinger of 62 Pearl Street raced to help but the child vanished under the Pearl Street bridge, his body wedged against the stone abutment.
Newton August 9 pauv ers may ride like princes in a newly commissioned automobile bought for the city almshouse by Superintendent J. P. Goodwin. The vehicle is believed to be the first of its kind and will serve business needs while providing elderly or infirm inmates with essential trips during hot days.
Washington notes a growing view that Representative Nicholas Longworth, Roosevelt’s son-in-law, is becoming a key factor in Ohio politics. Once opposed to any tie to his father-in-law, he showed grasp of tariff issues on the ways and means committee. After a rest in Hot Springs, he will return to Cincinnati and decide on a gubernatorial bid.
New York August 9. John A L Young president Windsor Trust Sterling Birmingham head of loan dept and Charles Katz president of a Brooklyn brewery were summoned to the district attorney. Investigation concerns 20000 shares of Davis Daly and Ohio Copper stock found on the curb market though locked in the bank vault as security for a $50 000 loan.
Counsel argues the trust company acted only as agent in placing the loan and not responsible for the stock. Heinze’s lawyer seeks an investigation claiming larceny in collapsing the collateral arrangement. Stock, deposited as security, was later found with bears on the curb. The bank denies possession and the case remains unresolved as $50,000 rumor and a $1,000 bonus surface. DA weighing possible criminal action.
In St Louis police report that Sam Turrisi is Calle gero Giandusas, blamed for last week’s Viviano child kidnapping. Giandusas linked to the Walter Lamanas case in New Orleans, where the victim was killed after ransom demands. Giandusas escaped jail and has not been recaptured.
Mrs Ida J Wilson a 24 year old colored woman was badly burned at 40 Sterling Street Roxbury yesterday afternoon at 3 o clock. She was using gasolene to clean a dress and fumes ignited from a lighted oil stove causing burns to her neck and arm. William Wheeler who lives nearby rushed in and beat out the flames.
Charles W. Badson formerly of 28 School street is held for Boston police at Fruitvale California. Inspectors will be sent to bring him back after he fled bail and was charged with being guilty of forgery and uttering. He allegedly forged his client’s name to a release and kept $3150 in a Newton Highlands claim. Bail was set at $5000 before he fled.
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