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This newspaper page contains 10 articles. Subscribers can read the full text of each article.
Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Dec 06, 1907
Page
12
The speaker asserts ownership of all his shares, questions management, and warns holders to keep stock under 20 as values may return to the public while a large block remains with American Smelting interests. He cites a need for daylight into the enterprise and cites widespread investor gullibility.
A letter accuses the Boston Stock Exchange and its official organ of publishing false Trinity stock reports. The writer alleges long running fraud harming banks and trust companies, cites Trinity as the exchange’s most active stock, and threatens legal action for misleading price reports and missing Trinity from official lists.
George Saul was arraigned in Municipal Criminal Court on two counts one for obstructing foot traffic on Dedham Street and another for using profane language He was discharged on the obstruction charge and fined $5 for profanity He appealed and was held in $100 for the Superior Court.
Pat Crowe the Eddie Cudahy kidnapper was seized Tuesday night by Jack Brooker an Omaha hack driver who held him prisoner until morning over an $8 unpaid hack bill. Crowe later obtained funds to secure his release.
Wall Street reports aggressive bullish action as banks stabilize after the Kansas City bank failure. The market, led by rail and copper shares, climbs with heavy short covering then trims gains. Bank of England and Chicago optimism aid the rally while caution grows about further advances.
In Salt Lake City on December 5 former Senator W. A. Clark of Montana forecast a six month reduction in copper output would erase the surplus. He predicted copper would return to about 16 cents per pound, enabling broad consumption and employment for many displaced miners.
A Boston financier declares Trinity Copper the top speculative buy amid a surge of activity and a predicted major corporate move. He warns against margins and urges immediate market orders to ride a looming price run, noting past wild swings and a likely Balaklala smelter deal.
The Boston Market lists price movements and total daily sales for stocks and bonds. The table records the day’s course and volume, reflecting changes across major issues and market sectors.
The Boston curb market reports active trading with a strong list. Stocks like Boston & Corbin up to 111-2 and Raven to 97 cents led gains, while Nipissing rose to 65-8 and Troy Manhattan to 70 cents. Davis Daly firm near 41-4 and Steamship fours fell 7-8 to 81-2 as overall list fluctuated.
Secretary Cartelyou's annual report proposes dividing the country into sections and retaining a larger share of bank reserves within each area. The plan would reduce power of New York banks by shifting reserves to regional banks, aiming to stabilize the monetary system and prevent future panics.
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