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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jan 09, 1900
Page
6
Stocks lag in morning trading before advancing as traders digest a Boston bank statement showing important gains. Investors monitor broader market cues and sector rotation as price trends firm.
The market opened weak on Transvaal news but recovered as big players returned, with London sales and a firm undertone. Big Four common dividend 1 1 2 percent payable March 1, Jersey Central up 1 4 percent payable Feb 1, and rumors of American Steel and Wire cash dividend. Arcadian mine upgrades with new No 2 hoist enabling higher output. mill headwork to finish this month. Montana Coal appoints registrar Massachusetts Loan and Trust. Erie Telephone shares to participate in 114 percent dividend in April. Copper market strong. Amalgamated Copper rallies in Boston and New York. US copper output 1899 up 16 percent in volume and 63 percent in value.
A stock and bond sales report lists ex dividend status and assessed taxes with totals for bonds, stocks, and unlisted shares. It cites Wilson W Fay & Co and a long list of mining interests, gas, and land holdings, alongside market commentary from Messrs. Howard Crosby & Co on Liverpool wheat, Russian shipments, and London market tones.
A shipment from the Fraction property yielded over 60 per ton in gold. The Harrisburg Group now boasts a fully equipped modern plant. Treasury stock offered at ten cents per share with demand to act before January 10. Accidental Development Co. manages sales from Rogers Building, 200 Washington St., Boston.
Fitchburg Railroad announces a 2 percent dividend on preferred stock to be paid January 16, 1900, to shareholders of record at the close of business December 30, 1899. Transfer books close from January 1900 to January 1900, inclusive. Glipason, treasurer.
Two seasoned handwriting specialists and a bank teller testified today in the Molineux murder trial. They asserted that the Barnet and Cornish letters and the poison package address were written by the defendant, Roland K. Molineux, aligning with other admitted writings.
The Boston and Maine and Fitchburg railroads near a potential lease arrangement. Vanderbilt interests appear cautious, while State ownership of common stock is noted. Officials discuss terms of a five percent preferred stock lease with one percent on common stock and awaiting director and legislative review.
Town Hall witnessed a ceremony presenting silver medals from the U S Treasury to Captain R M Lavender and ten volunteers for rescuing a sailor from the schooner F H Smith during the Portland gale on November 27 1898. The rescue spanned over three hours amid hurricane winds and wreckage.
Captain Charles Foster, a volunteer life saver who earned government medals, helped recover the new sloop Lisuzio Bb from a dangerous Wood End bar anchorage. He alerted Lt Lester, prompting swift volunteer response to the rescue today.
The New England Watch and Ward Society asked for revocation of the Piscopo Hotel license at 32 and Fleet Street. The hearing began at 11 yesterday and adjourned at 3 in the afternoon to reconvene Friday.
A mass meeting in Mechanics' Building at Boston College was held yesterday afternoon in the college hall. Joseph RR Williams presided and urged student effort for the carnival while J A Dorsey called attention to poor past college athletics due to lack of college spirit.
The Boston and Maine potato shed now under construction at Front street freight yard in Charlestown measures 1500 feet long and 34 feet wide with capacity for about 285000 bushels. Sections will be leased to city potato merchants for storage and sale with 12 feet high bays and 10 by 15 foot offices.
In the Social Hall of Tremont Temple the Woman's Club House Corporation held its annual meeting led by president Isabela A. Potter. Reports showed nearly $20,000 on hand and about $15,000 needed to resume building operations. Subscriptions in blocks and single shares at $50 were recorded.
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