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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Aug 13, 1907
Page
9
Portland Mo Aug 12 A bond issue of 985000 authorized by the city government to pay the year 6 per cent bonds issued Feb 27 1872 linked to the Portland and Ogdensburg railroad and maturing Sept 1 1907 was awarded to the firm of N W Harris &
New York August 12 1907 mining shares defied wider market weakness with insiders buying during declines. Goldfield plays Silver Pick Goldfield Consolidated Daisy Florence and Combination Fraction seen as top profit prospects as Baruch and eastern capitalists show strong interest in the Goldfield camp. Market closed steady with inside support and emphasis on Nevada Consolidated Boston Consolidated and Cumberland Ely at market.
Co. of Boston led with 97.79, Parkinson & Burr posted 97.778, Bond & Goodwin 97.50 for the full sum. East Boston Savings Bank bid 98.15 for $50,000 of the issue.
Panic grips the stock market as brokers clash to sell and prices slide from early losses. Amalgamated hits a new low with a $71,000,000 drop. Great Northern sinks from 1906 peak to fresh lows. Bears cover, rallies falter, and heavy selling persists into the final hour amid London and Berlin pressures.
Acting Comptroller McCooey announced bids for 15 million in 4 percent city of New York bonds and notes. A total of 57 bids were received from individuals and firms, with many bids at 100 plus minor adjustments. Remaining bonds to be sold over the counter.
At Oyster Bay on August 12 President Roosevelt hosted a luncheon for prominent politicians including Boston District Attorney Asa P. French. The gathering featured several top Republican leaders discussing general political issues while the President and French, noted allies since the Bram trial decade ago, hinted at major plans involving the Boston lawyer. Timothy L. Woodruff of New York attended as well.
Detroit won a close contest to host the sixth annual convention of the International Brotherhood of Teamsters, defeating Kansas City Toledo and Niagara Falls. The afternoon session of yesterday’s meeting selected Detroit as the convention site.
The convention voted to modify the constitution so no more than one vice president may come from a single city or town. Chicago’s 4% executive board majority was cited as an issue. Ex officio general president and secretary treasurer join the board with no vote, while remaining full board members. An invitation was extended to all unaffiliated locals to join the brotherhood this year. Former President Shea urged broad support and offered counsel. The finance committee report and the Chicago strike’s conduct will be key topics as the convention nears adjournment.
The President issued an executive order authorizing a Labor Day holiday for all per diem employees and day laborers in the federal public service whose work continues through the first Monday in September. The White House released the decree on August 10, 1907, signed by Theodore Roosevelt.
Julius V. Fuller of Pittsfield, 43, was found dead in a Bear Mountain berry field camp during a vacation. Medical Examiner Beebe cited valvular heart trouble. Fuller, who ran a berry picking business at Bear Mountain, had two prior leg injuries from accidents there. The incident occurred while his brother and others in the party were elsewhere.
Dedham August 12. Northern Norfolk District Court set a record with 51 defendants as Judge Emery Grover disposed of cases. The surge followed a wholesale arrest of a party of Finns in Norwood for gambling on the Lord's Day. Twenty-nine were fined five dollars each and most posted collateral promptly.
A drunkenness convict from Lawrence, escorted by Commitment Officer Haddigan, attempted to flee in citizen dress. Onlookers suspected assault until the officer showed his badge and ordered help. The prisoner was restrained with handcuffs and sent to Bridgewater State Farm by the 2:40 p.m. train.
Officers of the Carriage and Cab Drivers Union settled a dispute with the employing firm over drivers working more than 11 hours a day without strike. The union officers visited management and the matter was settled satisfactorily.
The 53d International Typographical Union convention opened in Hot Springs Arkansas with about 1500 delegates. President Lynch outlined goals including union label support, expanded eight hour day success, pensions for aged members, machine education, and tuberculosis prevention in union workrooms.
Judge Scho field ignored the mercy appeal by Lawyer Quinn for client John H. Coffey. Coffey, charged with breaking and entering at 32 Broad Street on August 3, faced potential punishment after remarks about a lengthy criminal record. The request for jail physician examination before sentencing was granted and the case was postponed to this afternoon.
Theodore Morrell, about 60, disappeared from his Lee home last Thursday. Officers and volunteers combed woods near Great Barrington after tracing him there but losing track. Relatives fear he may be dead due to mental instability.
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