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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Aug 18, 1909
Page
10
The market shows signs of decline with mixed intraday moves as traders absorb profits and await potential policy schemes. New York and Boston activity fades, copper and steel issues lead gains and losses, and overall sentiment remains cautious with continuing uncertainty.
The Michigan Copper Company levies a 2 per share assessment due September 6, with $20 paid on a $25 par value. Previous $2 assessment was imposed March 10, 1908. New England railroads show earnings recovery with July gains. Boston & Maine up about 12 percent gross, while Boston & Albany notes 15 percent rise in July gross driven by freight.
The Boston Market reports the day’s stock and bond price movements with the full sales total. The table records the day’s price changes and overall market activity for August 17.
The Boston curb market opened active with leading issues including First National Rhode Island Coal Champion Copper Davis Daly and Bay State Gas. Davis Daly rose back to 6 3-4 after a dip to 6 7-8 while Rhode Island Coal advanced to 9 1-2 and closed strong. First National held firm near 67-8 as others stayed near opening quotes. Full list of quotations follows.
A stock tip lauds Champion Copper as a current buy at 25 to 38 cents, predicting a market surge when other copper names rise. The writer cites past picks like Calumet & Hecla Superior Amalga Miami and North Butte, claiming disciplined investors could have profited and urging readers to buy Champion and hold.
Philadelphia issues 4 per cent 20 year city bonds totaling 5 939 700 to Drexel Co and Brown Bros Co at 102.8999. Additional 1 300 000 bonds awarded to sinking fund commissioners R I Day Co Henry West Graham Co and Columbia Avenue Trust Co. More notes include 1 500 000 grade crossing bonds to Seligman Co and requests to list 1 500 000 first mortgage 4 per cent gold bonds of Louisville & Jeffersonville Bridge and 7 634 000 20 year 4 per cent gold debentures of Michigan Central Railroad. Copper River Northwest Railway bonds eyed at 50 000 000, 50 year 5 per cent, through J P Morgan & Co. The Guggenheims own the Alaska road. Gardner Mass treasurer grants 45 000 a 12 per cent 15 1/2 year sewer script at par. War Department awards 1 500 000 Philippine bonds 10 and 30 year at 4 per cent to National City Bank and Mercantile Trust. New Bedford sells 10 581 834 worth of bonds at 101.031. Wallimantic Conn issues 109 000 4 per cent bonds to Rollins Sons at 101.1775.
Quincey Mining declares a quarterly dividend of 1.0 per share with books closed August 21 and reopening August 26. U S Cast Iron Pipe and Foundry declares a quarterly 1 percent preferred dividend with record date August 21. Both notices dated September 20.
Calendar lists meetings for Calumet and Hecla La Salle Copper Manitou Mining and Ex-Dividend notes for Consolidated Gaga Quaker Oats preferred. Books close for Michigan State Telephone common. Dividends payable for Norfolk and Western preferred.
Aug 17 residents of West Newbury faced a second summer blaze as two large houses and a Hadley barn burned. Mrs Anna Clarke narrowly escaped as smoke filled her room. Cameron and Hadley residences were destroyed. Fire alarms failed, townspeople rushed water from the pump, and authorities planned state police involvement tomorrow.
The campaign for charter plan No 2 will begin in earnest next week with a Boston City Club rally and a Dudley Street Opera House event likely. Secretary Robert Bottomley of the Committee of 100 reports 520 volunteers already signed up and ward committees forming across the city. Bernard J. Rothwell and Charles Hamlin are slated to speak in support of Plan 2. Guy Ham will cover Ward 20 for the Hibbard administration until Mayor Hibbard recovers. Former Mayor Fitzgerald supports Plan 2 but may not be invited to speak at Committee of 100 rallies.
On a Warrington township road in York County a man and two companions killed a six foot black snake. They cut it open to find a two foot garter snake inside. The garter snake’s stomach held a baby land turtle the size of a silver dollar. Both snakes were dead.
A City Point steamer anchored near the public landing at Dorchester Bay burned after 3 am. Firemen from Engine 19 and Ladder 19, a fireboat crew, and Captain Hamilton fought the blaze. Four firefighters fell into the water but were rescued. The vessel, valued at 3500 dollars, was driven onto the beach and submerged by hose lines.
Ex mayor Fitzgerald returns to the city on Friday aboard the Cymric. No large reception is planned and only a small group of his friends is expected at the dock. Closest advisers opposed a dinner amid the mayoralty campaign.
The Cape Ann steamship, under Captain Henry M. Godfrey born in Lubec Maine, is the preferred north shore excursion steamer from Boston to Gloucester Beverly’s summer capital era. Godfrey recalls a Brunswick incident where a fisherman collided with the hull, causing a near panic and eventual tow to Portland.
Montreal August 17 The legal department of the Canadian Pacific railroad claims to have unearthed a vast conspiracy to file false personal injury damage claims against railroads and other firms. Three arrests have been made and more expected. The group is said to involve several lawyers and doctors.
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