DULL MARKET TRADE WITH SUGAR SLIDING IN NY
Stocks slipped in New York with heavy losses in Sugar and Metropolitan Street Railway while Amalgamated Copper led gains. Brokers noted London selling pressure and limited long stock, as Boston showed modest covering near the close. Royal B Young and various zinc and mining issues were active in trading and dividends were declared by several firms.
MENTIONED IN THIS ARTICLE
Boston
New York
London
Paric
Metropolitan Street Railway
Brooklyn Rapid Transit
American Sugar Refining Company
Royal B. Young
Royal B. Young & Co
Joplin
Amalgamated Copper
Canada Southern Railroad Company
F. W. Vanderbilt
Cornelius Vanderbilt
Charles F. Cox
E. A. Wicks
F. Middlebrook
Ontonagon Herald
Adventure Mine
Knowlton Lode
United Zinc Company
United Zinc Companies
United States Oil Company
Fitchburg
T International Zinc Company, Limited
Acro Ese
Kereey
Montana
Butte & Boston
Parrot Mines
Colorado Mines
Mr. Heinze
W A. Clark
Green Mountain
Montana Consolidated
Sem Cie
Centennial-Eureka
Holden
West
Little Tiger
Boston Consolidated
Boston & Buffalo I
Fortuna
Navaho
New England Electric Vehicle
Tuttle
Boston & Maine Railroad
International Zinc Company declares monthly dividend
Notice shows a monthly dividend of 1 percent on outstanding capital stock to be paid January 1, 1900 to shareholders of record December 26, 1899. Includes stock broker ads and a Fitchburg Railroad dividend notice with books closed January 1 to 5.
MENTIONED IN THIS ARTICLE
International Zing CO
Oevise Vy Qopiecs
International Zinc Company
Timited
Fitchburg Railroad Company
Daniel
A. Glierson
Wheat Advice and Market Data From Boston Ledger
Excerpt discusses market moves and investing in wheat as safer than stocks. It notes closing prices, total sales by category, and messages promoting a market book and letter from Boston and Philadelphia offices. Concludes with ex dividend and assessment details and provides share counts for listed and unlisted bonds and stocks.
MENTIONED IN THIS ARTICLE
Boston
Chestnut St
Phila
Wall St
New York
Wheat Market Opens Weak as Bears Dominate Trade
Wheat opened weak with dull trading and light clearances as the crowd stayed bearish. insiders expected a rally before close, while interior offerings remained sparing hoping for higher prices. Liverpool closed steady to 4d lower amid unchanged general conditions and favorable weather.
MENTIONED IN THIS ARTICLE
Messrs. Howard
Crosby & Co
Liverpool
Common Council delays Franklin fund matter to next year
The Common Council voted 40 to 23 to table the Franklin fund issue until next year amid a lengthy debate. Council members urged immediate action or criticized current Mayor Quincy, while comments touched on bank troubles and the Globe bank closure affecting deposits and local finance.
MENTIONED IN THIS ARTICLE
Franklin Fund
Logan
Wells
Watson
Simpson
Bagley
Mulcahy
Bradley
Quincy
Kiley
Robert A. Woods
Bath Commission
Emery
William H.dyer
Police Department
Murphy Men Discharged From City Hall After Mayoral Clash
Two more men named Murphy supporters were discharged yesterday by Superintendent Wells with special inspector Connolly and Ward 11 measurer Hernan citing political motive. Hernan led caucus activity as president of the Russell Club while Wells backed Collins. Wells claimed a force reduction with no work now.
MENTIONED IN THIS ARTICLE
Murphy
City Hall
Wells
John A. Connolly
Ward 16
Martin Hernan
Ard
John R. Murphy
Hernan
William H. Russell Club
Wardli
Herman
Collins
Republican Speakership Caucus Set By Factions
Four factions led by Myers Bennett Reed and Saunders plan a meeting today to decide the speakership caucus timing ahead of the Legislature. The Bennett Reed Saunders group wants 11 oclock. Myers seeks flexible timing to ensure broad Republican attendance. Each candidate may send two representatives to the conference.
MENTIONED IN THIS ARTICLE
Myers
Bennett
Reed
Friends
Saunders
Hart to Name Ernst as Secretary Despite Post Election
Mayor elect Thomas N. Hart plans to appoint his son in law C. W. Winnet as private secretary the day after the city election. Ernst previously served as secretary to Hart for two terms and aided during his postmaster years.
MENTIONED IN THIS ARTICLE
Thomas N. Hart
C. W. Winnet
Ernst
Hart
Bone
Globe Bank Faces Clearing House Action
The Globe Bank storyline continues as it nears a potential receiver takeover after a financial crash. The situation escalates with discussions of a Clearing House action and the bank's looming regulatory response.
Funds Held Up Amid Ongoing Financial Strain
Officials warned that investors face delays as capital remains tied due to liquidity concerns and regulatory reviews. The statement emphasized patience while markets adjust and risk controls are tightened.
President Stevens Reacts to Comptroller's Action
President Stevens was seen at his residence after news of Comptroller Dawes's action. He called it a surprise and said he had no indication of such action. He returned from the bank and speculated that Dawes's figures on the bank's condition were correct.
MENTIONED IN THIS ARTICLE
President Stevens
Dawes
Boston Banker Explains Globe Bank Failure
A prominent Boston banker explained to a Post reporter that the Globe bank failed due to two main causes. He cited insufficient director guarantees and a run of deposits amid stock and Squire paper depreciation, with $8 million in deposits and over $1.5 million in doubtful loans. He noted insolvency and the comptroller ordering the bank closed.
MENTIONED IN THIS ARTICLE
Boston
Post
Globe Bank
Squire
Receiver Wing Talks Bank Closure
Bank examiner confirms receivership of a bank placed in his hands by the comptroller of the currency. He declines further comment noting communications are confidential and avoiding discussion of a suspension linked to findings reported yesterday.
Wing Finds Possible Banking Violations Rumor Surfaces
Rumor spreads that Mr. Wing found evidence of violations of banking laws capping loan sizes. Directors and involved parties would not confirm the claim.
MENTIONED IN THIS ARTICLE
Globe
Wing
Beal Silent on Clearing House Aid for Globe Bank
Thomas P. Beal a member of the Clearing House committee declines to discuss why 3 500 000 in Clearing House certificates did not save the Globe National Bank from bankruptcy citing lateness of the hour and asks to be excused from answering.
MENTIONED IN THIS ARTICLE
Boston
Associated Banks
Globe Bank
Globe
Thomas P. Beal
Clearing House Committee
Clearing House
Globe National Bank
Bank Director Refuses Comment on Failure Causes
George F. Ball a Globe National Bank director said Mr Wing took bank accounts for examination. He was shown a Washington report but refused to confirm or deny the figures. He added the case is too complex with facts and figures to state causes now.
MENTIONED IN THIS ARTICLE
Georgef. Ball
Globe National Bank
Wing
Washington
Causes of the Globe crisis and receiver placement
A banking and mining stock crisis led to the Globe being placed with a receiver after heavy bans on Three C group stocks. Key figures Charles H. Cole E A Clark and H Coolidge faced loaned assets and mounting money market strain culminating in Cole resigning and pledging his fortune to cover loans.
MENTIONED IN THIS ARTICLE
Globe
United States Mining and
United States Ol
Charles H. Cole
E. A. Clark
H. Coolidge
Cole
Chigo Kentucky
England
Boston
Investment Market Crash Forces Mass Liquidation in Boston
Months of leverage unravel as banks halt loans on margin stocks. Major falls hit Boston & Montana Butte & Boston Arcadian Utah and copper shares. Globe National Bank drains resources to prop up three C stocks, triggering failures of Squire Broadway and others. trust arrangements follow as brokers face collapse.
MENTIONED IN THIS ARTICLE
Boston
Boston & Montana
Butte & Boston
Arcadian
Utah
Globe National Bank
United States
Clearing House
Squire
Broadway
Squire & Co
Globe
Squire Company
Dillaway & Starr
Messrs
Clark & Coolidge
Charles H. Cole, Jr
Pittsfield Estate and Complex Bank Attachments
A description of a large estate with about 50 000 square feet of land known as the Robi house and its vacant state. The suit by Dupee and Sargent against Coolidge and others seeks 250 000 in claims, with an attachment to hold property for the mining loan collateral. The matter involves about fifty eight banks and brokerages. Judge Lowell allows a sale of 200 000 of pork products from Broadway National Bank assets to Chaplin for the Squire Company under the stated terms.
MENTIONED IN THIS ARTICLE
Robi
Hayeg
Es & Williams
Dupee & Sargent
William H. Coolidge
Messrs
Nath
Nath, Coolidge & Cole
Owin Coolidge
Eer
Dillaway & Starr
United States
Clark & Coolidge
Lowell
United States District Court
Daniel G. Wing
Broadway National Bank
H. W. Chaplin
John P. Squire Company, Corporation
Boston Mine Scandal Seen as Targeted Persecution
A Boston broker argues that Clark and Coolidge bore the burden of a Globe National Bank loss totaling 1.6 million dollars tied to United States Mining loans. He cites personal sacrifice by the two men and says the real culprit remains undisclosed while others shielded by the industry endure criticism.
MENTIONED IN THIS ARTICLE
Globe National Bank
Messrs
Clark
Coolidge
United States
Boston
United “States
Globe Bank
Mr. Clark
Mr. Coolidge
Efforts to Save Bank Meet Against Panic Threats
Brokers at Young’s held a conference amid a bank receivership surprise. Thomas W. Lawson and others sought to curb trouble by barring United States mining from the exchange floor. A possible preopen meeting and a Clearing House session were forecast to prevent a gamblers’ raid and stock panic.
MENTIONED IN THIS ARTICLE
Thomas W. Lawson
United States
Young’s
Post
Globe National Bank figures and leadership listed
Organized in 1824 the Globe National Bank with offices at 92 State Street began as a state bank then became a national bank in 1865. Capital stands at $1,000,000 with deposits around $8,000,000. President C. E. Stevens cashier C. H. Hooke and assistant cashier H. A. Tenney. Directors include George H. Ball A. S. Bigelow Henry Brooks C. E. B. Stevens H. H. Stevens James L. Weston and Charles G. White.
MENTIONED IN THIS ARTICLE
Globe National Bank
State Street
National Bank
C. E. Stevens
C. H. Hooke
H. A. Tenney
George H. Ball
A.S. Bigelow
Henry Brooks
C. EB
President optimistic as Broadway Bank closure rumors swirl
President Stevens asserted Globe National Bank remains in excellent condition with ample cash. He said Squire paper exposure does not threaten liquidity and denied any impact from a roadway Bank closing. Depositors are withdrawing based on rumors, but the bank can meet all demands.
MENTIONED IN THIS ARTICLE
Broadway Bank
Globe National Bank
Stevens
Squire
Aginner
Attachment filed against Clark and Coolidge in Jamaica Plain
Dupee and Sargent with Hayes and Williams lawyers filed an attachment for 400000 against Clark and Coolidge. The writ covers property held by Hayden Styne Co and Frederick H Prince Co. The sheriff attached Elizabeth A Clark's property at Prince and Pond streets Jamaica Plain, a parcel described as 68 300.
Somerville Mayor Declines Salary Increase
Mayor George O. Proctor refuses a $1000 raise added to his $2509, citing city finances and comparing with other officials and mayoral salaries. He notes a private secretary next year reduces the need for higher pay and informs Aldermen via letter.
MENTIONED IN THIS ARTICLE
George O. Proctor
Somerville
Board of Aldermen
Proctor
Pecp
Story
Potter on Trial for Slayings in Cambridge Street Case
Potter testified about a fatal incident on Nov 16 at Spring Lane where he says he struck Louis Silverstein after a dispute over 10 cents. He admitted past jail time for larceny and embezzlement. Two witnesses described him as quiet and peaceful. The trial adjourned to 9:30 today.
MENTIONED IN THIS ARTICLE
Louis Silverein
Bootblack
Pris Lane
Warren Potter
Cambridge Street
Goodman’s Place
Spring Lane
Silverstein
Potter
Portland
Concord Reformatory
Colonial War Society Dines with Officers Elected
The Society of Colonial Wars held its annual meeting and dinner at Purce Hall Copley Square. Officers elected include Governor Arthur J C Sowdon and Deputy Governor Hosea M Knowlton, with clergy and trustees among attendees led by Governor Wolcott and Bishop Lawrence.
MENTIONED IN THIS ARTICLE
Society of Colonial Wars
Purce Hall
Copley Square
Arthur J. C. Sowdon
Hosea M. Knowlton
Westenan
Charles S. Hamlin
Dward W. McGlewen
Charles S. Parsons
Abijah Thompson
Francis A. Foster
Robert T. Swan
Walter K. Watkins
Cox Court-Martial Delays Verdict on Disobedience and Drunkenness
Quartermaster-Sergeant Oscar Cox of Troop D faced a court-martial at Bacon Hall on charges of disobedience to orders drunkenness in uniform and assault and battery tied to the Dewey parade date October 1. Major Ballard presided with eight witnesses including M W Quinby who said the assault was unintentional. The court adjourned to Tuesday December 26 without a verdict.
MENTIONED IN THIS ARTICLE
Oscar
Cox
Bacon Hall
Harry P. Ballard
Fifth Infantry
Perrins
Satover
Sweetzer & Stover
M. W. Quinby
Arthur Marston
William H. Mathews
James L. Fairbanks
A. Caldwell
Cousal OQ
D. Greene
A. H. Hartlett
Gloucester Votes Deficit Loan For City Government
Gloucester city government boards approve a deficit loan of 70,008 dollars to fund municipal needs. The loan, named as the municipal loan of 1, is authorized to cover shortfalls in the current budget. The decision was reached at tonight’s city council meeting.
MENTIONED IN THIS ARTICLE
Gloucester
Also Mentioned on This Page
Amalgamated and
Parrot
Concord & Montreal Railroad
Manchester
Milford
Parrot Copper
United States Circuit Court
J. E. Addicks
New England Gas & Coke Company
Roxbury
South Boston
Brookline Gas Companies
Boston Pool
Standard Oil
Pinikham
Chayce
Essex
Campany
Tremont ST
Lamichael
Seo v
Boston & Texans
United Verde
Junior
Hanley & Casey Brewing
American Brewing
McPeck & Toppan
Kacmange Building
Boston Stock Exchange
Howard, Crosby & Co
Teople
Tech
T& SE
Portman Palace
Abr Ag Hg Tron & Steel
Albany
Central Mass
Tenn
Coal
Tron
Peace Leather
Onic Ory
New Yoan Eerie Son Tecommne Eis
Nh&h Ee
Chicago
Old Colony
Union Pacific
Este
Venesees
Anid Arnold E
Eeeseesonge
Oate Atlantic
Ors
Ittese
Michigan
Pontine C&c
Rhode “Peace
Santa
Indo Egypt
Mergenthaler Eoeene
New England
United Fruit
Isle Royale
Mags Electric
Abe
Merced Mining
Franklin
Council
C. H. Cole
United States Mining
D. 8. Wing
Miscellaneous Stock Exchange
Wilson W. Fay & Co
Rutopilas Mining
van Choate Electric
Aay State Auto& Engine
Boston Texas Copper
Anche
United Verde Extension
Nailroads
Los
Atchison
Baltimore & Ohio
Canada Southern
Canadian Pacific
Chesapeake & Ohio
Chicago Great Western Tiane B . Om
Art Chicago
Chicago & Northwestern
Pacific
Louis
Great Northern
Ilinois Central
Pitts & Gulf
Erie & Western
Louisville & Nashville
Manhattan
Metropolitan Street
New York Central
Western
Ontario & Western
Art of
St Louis
St Paul & Otisha
Texas Pacific
Bigot & & Wwire
Pakesawaines
U. S
U.S
Pres. Stevens
Mr, Beal
Faili Ny
George F. Ball
C. C. Stocks
Colonial War Society
DINES
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