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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Feb 28, 1905
Page
8
Ennis and Stoppani of the Chicago Board of Trade report May wheat fell four cents with heavy selling by bull houses and shorts, while corn showed weakness early but less impact. They expect higher corn prices ahead and note oats were slow but affected by the moves in wheat.
The Rubber Goods Manufacturing Company declares a 1 percent preferred quarterly dividend for March 15, the Kansas City Fort Scott Memphis company plans a 1 percent preferred quarterly distribution for April 1, and Chicago & Eastern Illinois Railroad adopts a 1.50 per share quarterly payout on April 1.
New York stocks show uneven moves with heavy profit taking and buying. Southern Pacific leads gains among lesser advanced issues while St Paul and New York Central fluctuate. Pennsylvania peaks then retreats as American Locomotive and steel shares stay strong amid bullish sentiment.
The data lists multiple U S government and corporate bond issues with coupons and current yields, including US 2s rf 8s 4s and Atchgen 48s, C&O 4s, Cuba 5s, D&RG 4s, and FW & DCis 110 109 percent, reflecting market pricing and yields.
Wall Street and Boston markets show continued speculative interest with over 2,000,000 shares traded. Stocks ease from last week’s rise as distribution grows, Southern Pacific strengthens on rumored dividends though unconfirmed, while Union Pacific and New York Central retreat. Copper and iron stocks falter, Amalgamated leads losses, and officials note ongoing consolidation chatter similar to 1901–02.
Boston World Beaters manager Jimmy Collins arrives in town weighing 177 pounds and confirms plans for a strong 1905 run. He previews Burkett at left field and Grimshaw as a top fielder, expects to reach New Orleans soon, and predicts Boston will lead the league by October with post season series wanted.
Members of Ladies' Auxiliary 16 A O H plan a Japanese party this evening in Winthrop Hall, Upham's Corner, Dorchester.
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