Market Spreads Rise on Brisk Buying Across Specialties
Wall Street firms report further gains in specialties as copper shares surge on brisk buying. Investors track price movements and seek steady momentum amid active trading across sectors.
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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Aug 16, 1900
Page
6
Wall Street firms report further gains in specialties as copper shares surge on brisk buying. Investors track price movements and seek steady momentum amid active trading across sectors.
London and New York markets advanced as American stocks attracted buying, with 343000 shares trading and traders optimistic about a near term peaceful China settlement. Mexican Central's first half 1900 earnings show improved profits, while Fitchburg and Chicago New Hampshire rail figures reveal rising net income and dividends. Copper shares surged in Boston with notable gains across Osceola Centennial Calumet & Hecla and allied mining stocks as Calumet & Hecla extended its charter and life.
The Trustee under the Deed of Trust of the International Paper Company redeems bonds Nos. 22 52 58 108 100 186 158 and 176 at the Trustee on August 31 1900 with accrued interest. Interest will cease on that date. Captain at Trust Company of New York trustee 80 Broad Street New York August 14 1900.
President Agassiz notes damage from recent mine fire and reports shaft repair nearly at the eleventh level with completion possible by year end if lower damage is limited. Centennial Eureka shows six month ore value of 722,665 dollars with copper 189,456 pounds gold 14,628 ounces silver 384,688 ounces. net earnings not disclosed.
Boston report shows highest and lowest sales and closing bid and asked prices with a dividend note. Total sales include listed bonds at 28,585, unlisted bonds at 1,000, listed stocks at 19,575 shares, and unlisted stocks at 4,204 shares.
Reports from Washington detail deciphering issues with Conger messages and caution over publishing China crisis details to protect 800 legation members in Pekin. Sec Root reviews routes for allied forces while Chaffee advances toward Matow near Pekin amid mounting tension and uncertain battle expectations.
London Aug 15 William St John Broderick under secretary of state for foreign affairs said the government expected the Pekin legations to be restored soon and that Shanghai troop landings could occur to protect British lives. He pledged resolve to safeguard British interests and welcomed Count Von Waldersee's appointment, hoping it would strengthen ties with Germany. He also expressed hope Yangtze viceroys would oppose the insurrection.
The Times reports Shanghai despatch that the viceroy drops opposition to landings if no other forces arrive but British disembarkation will wait for further orders. The truth is widely known that Great Britain faces cautious steps amid tensions.
The article notes Matow or Mathou near the Pekin highway and Chaffee advancing toward the Chinese capital. Imperial troops were expected to resist at Thung eleven to twelve miles east of Pekin, where two main roads meet. Japanese and Russian troops reportedly landed at Shan Kai Wan and may converge on Pekin for a strong independent march.
News from Yang Tsun China confirms Corporal Thomas F. Brophy of the U S Marine Corps was killed in action while serving with allied forces. Born in Conception Bay N F he came to Gloucester and worked in fisheries before enlisting in 1898. He had served on the Vermont and other ships and earned his corporal rank. Fellow local Fred Benson died in a preliminary China engagement.
Lieutenant Colonel J R Reilly of the ordnance department is relieved from command at the Watertown arsenal Massachusetts and ordered to assume command of the New York arsenal Governor's Island New York Major John C Butler is transferred to Watertown arsenal Captain George Squier signals officer U S V is ordered to New York to take charge of the cable expedition
Cipher traffic from Consul Fowler hints at pressure on legationers to leave Pekin under Chinese escort as Allied troops move toward Tung Chow. Officials split on strategy with McKinley’s arrival prompting cabinet talks and uncertainty over withdrawal outcomes.
The despatch from Taku reports opposition of no consequence yet mentions terrible heat and many men affected. It references Chaffee and Matow with unclear details about troops and conditions near Ho Bi Wu and the road beyond toward Bi Wu.
Berlin reports confirm the advance on Pekin by international troops and note surprise at speed. Dissent grows over Prince Von Hohenlohe's role as chancellor amid China policy, with calls for an extra Reichstag session and criticism of William’s personal regime.
Major Philip F. Harvey, surgeon from San Francisco, sails on the Burnside for Nagasaki by the first available transport to set up a base hospital there for allied operations.
The American Board received a Aug 13 cable from Consul Fowler at Che Foo stating a messenger returned from Paoting with word that Presbyterian missionaries were killed on June 30 and Congregational and China Inland Missionaries on July 1. It lists American board workers Rev Horace T. Pitkin his wife Mrs Pitkin at home in Troy New York Miss Mary S Morrill and Miss Annie A Gould of Portland Maine.
Washington August 15 All the news from China indicates that Chaffee may lead a Busco Japanese column toward alliance with the Allies. Army observers in Pekin weigh possible joint operations and regional shifts as talks continue.
Despatch from M. Pichon reports Li Hongzhang as tasked with negotiating telegraphically with the powers as Beijing is surrounded by hostile forces. French legation guarded by imperials. siege conditions threaten evacuation and the march of Allied troops.
War Department releases Filipino correspondence from General Funston era. Letter from Montague R. Leverson accuses McKinley Otis of piracy in the Philippines and proposes a council of war against U S officials. Leverson denies a telegram existed and criticizes Washington officials.
At a Revere Board of Selectmen meeting three members voted to revoke common victualler pool and billiard table dance hall and bowling licenses at the Point of Pines. Amusement licenses were not touched. The action followed reports of improper conduct and a beer sample analysis. Manager Walsh expressed surprise at the decision.
Major J. W. R. Hoff, a surgeon now in Chaffee Washington, is ordered to proceed without delay to Taku China and report to Geneva Chaffee for assignment as chief surgeon on his staff.
Sam Randall aged 72 died at Brockton Hospital this afternoon. A well known, lifelong bachelor who lived alone with only a brown spaniel for company. Local legend noted for his solitary lifestyle linked to an early romantic disappointment.
A serious car accident in Paris at Boulevard Des Batignoles and Rue St. Petersburg injured thirty five people. Two cars collided at right angles near a horse car that toppled, scattering passengers and breaking glass. Most victims were women and children.
A cablegram from Bishop Frederick R. Graves of Shanghai and the Yangtze Valley advised the Protestant Episcopal Missionary Society not to dispatch a party of missionaries from the United States to China as contemplated. The message answered an inquiry about a proposed mission group.
A. M. MacInnis of Monterey Mex, a guest at Hotel Essex since Sunday, fell on the marble stairs to the barber shop yesterday morning. He was severely cut on the head and taken to the Emergency Hospital where he remained between unconsciousness and delirium all day. His condition is serious.
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