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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Dec 19, 1905
Page
10
In a dated letter from Boston on December 19, 1905, a correspondent criticizes market manipulation and bank collateral issues surrounding a copper stock slump from 67% to 68% then 49, noting banks, brokers, and margin concerns amid a chaotic trading day.
Wall Street opened in panic as three Chicago banks failed amid rail and coal concerns. Amalgamated Copper and United Copper plummeted while London buying steadied later. overall market recovered some losses but closed below Friday’s level with copper shares guiding the swing.
The Boston market reports ex dividend and ex rights events. Total sales include listed stocks 83,615 shares bonds 18,000 unlisted stocks 36,631 shares rights 4,955.
Active curb market with Arizona Commercial Shawmut Copper and Utah Apex leading. Prices drifted lower in morning, then recovered late. Chicago grain letters note strength in wheat on abroad steadiness and Argentine offers with a sharp later break. copper dividend declared to stockholders of record December 4 1905.
The Central Vermont and Grand Trunk railways offer low round trip fares to Montreal and Quebec from New England points with Boston fares example at 12 dollars to Quebec and 10 dollars to Montreal. Tickets valid Dec 28 to 31 aboard three daily express trains via White River Junction including the New England State Limited. Descriptive booklet available from T. H. Hanley N E P A Boston.
A large crowd gathered Saturday night around Gilchrist company window featuring a magic mirror that transforms into Santa's workshop door. The pushing crowd caused the plate glass to crack as spectators strained to glimpse the display amid strong appreciation for the decorations.
The Wabash Railway will make St. Louis the terminus of its freight lines with new terminals at Third and Fourth streets costing over 1 million dollars. The inbound and outbound houses total 1700 feet in length and include a 60 000 square foot brick three story freight area with a cold air ventilation system. A 848 by 26 foot outbound hall sits alongside a 250 foot wide transfer space enabling 120 car placements and potential throughput of 170 cars per day. A fruit auction house adjacent to two tracks expands the terminal complex. The railway also extends local freight rates beyond the city and cuts coal transport charges to manufacturers by about a third.
The notice lists dividend rates for several institutions. American Woolen Company offers 1 percent preferred with a Jan 15 date. First National Bank offers quarterly 2 percent with Jan 1. International Trust Company offers 5 percent extra and 5 percent with Jan 1.
The piece extols the ease of Cascarets as an “easy novelty” and “easy to buy, easy to eat, easy to give children.” It frames medicine taking as less hardship and links the product to universal ease in a changing world. The tone mimics a period newspaper promoting convenient health solutions.
Seven day tours with hotel meals en route include longer stay in Washington and stopovers in Baltimore Philadelphia New York depart Boston under the Personally Conducted System on Jan 19 Feb 2 16 Mar 2 16 80 Apr 6 20 and May 4 Rates for May tours at 27 Facts listed by George M Roberts P A N E D 205 Washington street Boston
Ehrlich and Kopf at 25 Court Street promote the largest varied assortment of pipes cigars and smokers novelties for the holidays Their ladies department provides convenient shopping and displays amber necklaces as fashionable gifts in ladies wear The firm manufactures amber jewelry and offers gifts for men and women alike
The Baltimore and Ohio railroad on the Royal Blue line announces reduced rates effective December 1 for trips to Southern winter resorts via New York and Washington. A round trip from Boston to Jacksonville is 54 dollars with other points similarly discounted. Liberal stop-overs offered. For schedules and reservations contact J. B. Scott, New England passenger agent, 80 Washington Street, Boston, Mass.
New England travelers can visit Montreal or Quebec with round trip fares from Boston of 10 dollars and 12 dollars respectively valid December 29 30 81 and January 1 2 with return until January 31 and stopovers allowed in Canada. Proportional rates from other New England points. Contact Geo E Blarsters N E P A at Rutland R R 298 Washington St Boston for details.
The transfer of stock places Charles W. Morse of New York in stronger control of Eastern Steamship Company which runs Boston to Maine routes. Ledyard to join its board. Boston & Maine denies ownership links and plans to avoid investment under Massachusetts law. Fuller resigns as company president. remaining shares move to First National Bank directors.
In Philadelphia on December 18 a 19 year old plumber's apprentice James Higgins and 18 year old Ella Ragan married after declaring they could live on love and kisses on three dollars a week. The bride's mother refused to forgive the daughter and the groom's father took them into his home.
The months mind for the Rev. John J. Heffernan who died at his brother M. B. Heffernan’s Dorchester home will be celebrated at St. Peter’s Church Meeting House Hill tomorrow at 9 o’clock. The date change was required by Christmas offices.
Railroad commissioners and inspectors rode a special train to the Baker's Bridge crash site on the Fitchburg division of the Boston & Maine. They were joined by operating officials who explained signals while stops at Lincoln showed the local ahead of the express by one minute per the train sheet, but 2 minutes 30 seconds to 2 minutes 40 seconds per the trainmen. The inquiry focused on the Lincoln to Baker's Bridge geography.
Robert P. Stevenson and John Mc Mahon, youths, were sent to the reformatory by Judge DeCourcy for breaking and entering. George Sullivan, the third youth, faced probation and the judge deferred part of the case for district attorney review after the two tried to shield him.
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