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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Feb 20, 1906
Page
10
In a february trading session, stock prices were steadied by sustaining factors from rumors of major projects and a subscription privilege tied to Chicago and North Western. The market saw renewed strength despite irregular movements, with a notable rally from last week’s lows and a moderating rise in new capital issuance.
In a tense trading day led by fund buying and short covering, New York stocks rose with Amalgamated and Northern Pacific among top gainers while Old Dominion and Union Pacific strengthened. The market closed strong after a volatile session with continued London price support and notable moves in copper shares and railroad issues.
The New York New Haven Hartford railroad has offered to purchase the outstanding stock of the Boston and New York Air Line, using the same approach as with the Naugatuck road. The Air Line runs roughly 50 miles from New Haven to Willimantic.
Trading on the Exchange Place curb market was moderate with Greene Copper at the core. Raven Mining and Eagle and Blue Bell saw solid demand, Raven Copper rising to 45 shillings while Eagle and Blue Bell held at 3 to 14 shillings.
At her Beacon street home Mrs Julia Ward Howe is reported recovering from a severe rheumatism attack. Since returning Thursday from the Baltimore Woman Suffrage convention she has been bedbound with a swollen right knee. Attending physicians say the crisis has passed and she may be up within a day or two.
Second instalment paid. Total sales bonds valued at 35000 dollars. Stocks listed amount to 53400 shares and unlisted holdings total 16441 shares.
Reports of railroad companies just received compare with corresponding periods of previous years, outlining earnings trends, revenue figures, and notable variances to guide investors and analysts.
The report notes bullish sentiment driven by year over year price comparisons as new lows attract fresh buyers. General news is bearish with shipments worldwide larger than expected and foreign markets lower. Trade remains active with shorts covering, suggesting a continued bulge and potential sales tomorrow.
Non naturalized Chinese residents in Boston protest deportation orders from years past. About many Chinese have been moved to the federal building then to Charles Street prison. Ng Mon Hoo claims citizenship but lacks papers and Charley Wong Sing warns of family hardship if forced to China.
In New York on February 19 the Force of Life Chemical Company case heard how an employee, Nellie A. Wallington, described her duties teaching patients to be patient. She testified she was to tell them to have hope and to coax them to have courage.
An English election meeting features a tense exchange as a heckler demands a yes or no answer. The candidate explains some questions cannot be answered simply, and then poses a blunt domestic question about whether the opponent has stopped beating his wife.
Low round trip fares from Boston to Los Angeles San Francisco San Diego Portland Tacoma Seattle and other Pacific coast points $49.90 to $52 with direct line sleeper service via Chicago Northwestern Union Pacific and Southern Pacific Bays routes with 3 night Los Angeles Limited options Tickets and information available from J. E. Brittain General Agent 300 Washington St Boston.
The very low rates now in effect to the Pacific coast and other parts of the West over the Wabash line, with tourist sleepers on the celebrated Continental Limited from Boston Tuesday Thursday and Saturday, make this a highly desirable route for travelers seeking value. Their office is at 176 Washington street.
Investigation into the 330000 loan to Ferdinand E Borges shows the Providence Trust Company charter has passed to William G Orcutt of the Equitable Building. Orcutt says Borges has no further interest in the company and pledges a clean solid start with new officers and directors.
Albert S. Hall arrived to take possession of Shenandoah Irrigation assets held by Provident Securities. He found all Shenandoah properties transferred to Naturita Canal and Reservoir Company by Judge Palmer order. Gurleys had moved holdings to escape Provident control, but Palmer’s judgment returns property to the original Shenandoah venture.
Brockton residents await word on Eugene Nobel and Annie Butler as the 18 year old sister accompanies him on a Maine honeymoon. Annie, still wearing her turquoise engagement ring, grieves yet clings to hope while Mrs. Butler laments the sudden marriage and plans to cope with the unexpected turn of events.
Springfield February 19 The John Hancock National Bank directors voted to liquidate and join Union Trust Company. Stockholders meet March 28 for ratification. Capital stock 250000 dollars surplus 50000 dollars loans and discounts 503974 dollars.
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