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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Aug 17, 1906
Page
8
Wall Street sank into dullness as speculation in Union Pacific and Southern Pacific paused awaiting a decision on dividends. Traders blamed delays in authorities and funeral attendance for the hold up while Pennsylvanias strength kept the market active in convertible bonds.
Stock market fades from session highs after Union Pacific and Southern Pacific dividend reports fail to materialize. Union Pacific ends at 162 1 2 amid a cautious pullback. Southern Pacific slips to 82 1 2 while Pacific Mail gains 1 4. Boston market shows copper gains with Calumet & Hecla leading, and several mining shares advance amid steady money conditions.
Boston reports the day’s market activity with total sales of 31,606 listed stock shares and 11,984 unlisted shares plus bonds totaling 30,000 dollars. The record notes the daily course of prices and overall sales for the market.
Quotations from the Chicago grain market furnished by Ennis and Stoppani of the Chicago Board of Trade. The State Mutual Building hosts their market summaries and price updates for traders and brokers.
New Brunswick New Jersey August 16 Dr Augustus Smith promoter of a longevity scheme has not aged for five or six years He bathes sanatorium inmates in Union Creek Egg s Warrior claiming the river of life will grant immortality and pointing to his age of 135 as proof of its powers
Special train from South station at 2 00 PM on Saturday August 18. The train runs direct to Crescent Park from Back Bay with no car changes. Round trip fare is one dollar.
The curb market on the Exchange place opened with surprising strength compared with yesterday. Key names included Klondike and Boston, Cumberland Ely, Eclipse Oil, and Keweenaw Copper. Prices changed little, with Micmac Gold rising to 5 percent, while trading remained steady and concentrated on a few stocks.
A clash at Butler Junction near Tarentum Pennsylvania left one non union miner dead and two others reported killed with bodies dumped in the Allegheny River authorities arrest alleged union participants. The Freeport Coal Company had resumed operations with non union miners after a strike and mine closures.
Dorchester Avenue Bridge flaw exposed a crack in a truss rod near the south end of the west section. Welding repairs took three days, half the bridge was closed, and officials warned a heavier frost or load could have caused a catastrophic collapse. Bridge Commissioner McDonald warned other Boston bridges may face similar issues.
After a Union Pacific executive committee meeting in New York the railroad said no dividend announcement would be made today. The year ending June 30 showed gross transportation receipts of 67,281,542 with expenses 36,963,773 and a surplus of 29,201,844. The balance after preferred dividends stood at 25,219,812 with 2,206,610 in betterments. Southern Pacific reported gross receipts of 105,619,113 and expenses 70,586,649 leaving a surplus of 21,560,712. after 7 percent preferred dividends the balance was 18,790,833 with 2,117.2 credited for betterments.
Miss Margaret E. J. Brown of Boston traveled to Philadelphia to meet her lover rather than wait for his return, intending to wed him there.
Boston residents learned yesterday that Andrew S. Scott and Miss Margaret E. Brown were married in Philadelphia on Tuesday. The couple, long engaged, had lived in Boston and planned a local wedding before Scott's business trip to Philadelphia led to a hasty union. Brown then traveled to Philadelphia for the ceremony.
Ottawa noted that Massachusetts and Rhode Island troops may carry arms during their Canadian visit. Preparations for welcoming the U S troops include a drumhead service and full military honors upon their arrival on August 19. Lieutenant Colonel Rogers coordinates details with the Duke of Cornwallis Own Rifles.
The 21st annual convention closed at the Bellevue with delegates moving to Lexington and Concord for a Concord Inn dinner. KE D Goodhough of Ohio chairs a committee to prepare a blacklist of dealers found guilty of shady practices amid efforts to curb dishonest collector thefts of stamps from dealers.
Captain James Lindsey reports his schooner Harvest Home was run down by the British brigantine Venturer bound for St John New Brunswick off Cape Cod near Nauset light. Harvest Home dismasted with bow stove in and boats smashed, crew taken aboard Venturer then Lion and landed at Harrington. Harvest Home from Ellsworth built 1870 registered 78 tons and bound to Providence with lumber cargo.
King Edward departed Friedrichshof with Emperor William and other royal guests after a cordial leave taking at Cronberg station. The pair spoke together in King Edward’s compartment before the train moved. Von Tschinsky and Sir Charles Hardinge were noted to be in conference with the monarchs until midnight.
The Morning Post reports a Stock Exchange rumor that King Leopold may finance Tanganyika railways or that King Leopold and John D. Rockefeller could jointly fund them. The paper cites Leopold’s interest in the Katanga Company tied to Tanganyika.
The will of Patrick J. Sullivan, part of a 200000 estate, was admitted to probate. He leaves 5000 to Catholic University Washington DC and to various Catholic charities including Boston College trustees St. John's Seminary Boston Public Library Little Sisters of the Poor and others. He also earmarks funds for a public library purchase of standard Catholic books and numerous other Catholic charities.
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