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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jan 26, 1907
Page
10
A market figure claims Acme Consolidated will rise from ten cents to high values while criticizing traders and urging purchases at low prices. He states Laramie, Hahns Peak will soon move, apologizes for past price barriers, and warns investors to act before a supposed real movement begins.
The January 25 retreat in stock prices sparked renewed bearish sentiment after a brief rebound last week. Traders noted scant support and widespread selling, with Amalgamated and Great Northern among the notable declines. The money market firmed slightly while reports on Great Northern and copper issues fed the pessimism, and several companies announced dividends or board actions.
The New England Grain Dealers Association held an afternoon meeting at the Chamber of Commerce then a dinner at the American House attended by over 150. Henry L. Gorman of Toledo spoke on reciprocal demurrage and uniform grain grading. plans were approved to form a Grain Dealers Mutual Fire Insurance Company with $500 000 in subscriptions and policies capped between $5000 and $4000 to cut costs through dividends.
The Boston market report lists stock and bond prices with daily sales totals. It shows Am Tel & Tel 4s trading around 87 1 2 to 87 1 4, Central Vermont 4s at 85, and Chic Bur and Quin 3s near 91 1 4 with several thousand dollars in activity.
In a swirling 1907 market, Trinity remains the active stock as copper and copper-related names swing. The author endorses buying Trinity under 65, cites past calls on Butte Trimountain and Copper Range, and warns of short sellers exploiting today’s mood while urging Trinity holders to watch future move of the TIC.
Ex dividend data outlines total sales across listed stocks at 60 978 shares bonds 22 100 dollars unlisted stocks 21 755 shares and rights 11 of unspecified value. The fragment notes day’s trading activity with divided instruments and varied holdings.
A good volume of business was recorded with firmness in most curb issues. Superior & Pittsburg held around 28, La Salle about 30, Laramie near 3, and Acme Consolidated near 45 cents. Globe Consolidated advanced from 148-4 to 163-4, while Tecumseh gained 5 points to 388. Fluctuations across curb issues are outlined in the table.
Three offshore trips reported rough weather on Georges Bank. Haddock fetches 8 4 cents, large cod 6 cents, market cod 4 cents, pollock 3 3-4 cents, and cusk 2 cents per pound. Vessels listed with fares and cargo notes accompany reports of the Allan steamship Numidian from Glasgow and Moville carrying 126 passengers, many Poles and Russian Hebrews, plus 184 boxes and casks of canned butter for Montreal. The Leyland steamer Iberian arrived from Manchester with about 1000 tons. harbor traffic included potential collisions near Slate Ledge buoy, but no incidents. Other ships noted include the Red Star liner Marquette, Bohemian, and the steamer Admiral Dewey outbound from Port Morant with 49 passengers, and the Sylvania from Liverpool expected to arrive. The Landsman concludes the item.
Boston Council K of C banquet committee met to finalize plans for the 14th anniversary banquet at Hotel Vendome on a Tuesday evening. Speakers will include National Director Joseph C. Pelletier and Boston Mayor John F. Fitzgerald, with reception from 6 to 6 30 and music throughout.
Sun rises 7 04 sets 4 50 day length 9 46 moon sets 4 48 high water 9 15 9 45 steamers arriving and clearing lists of vessels with routes to Glasgow Moville Halifax Nantucket Philadelphia and more and naval collier Marcellus and tugs towing barges reported in Boston harbor
Pilot Joseph F. Findlass of Fall River was swept from the pilot house of the tug Cora L. Staples in a collision with the tug Luckenbach near Narragansett Bay. He was found unconscious aboard the steamer Creton and is hospitalized with frozen feet and a severed finger, but expected to recover.
In Jersey City two boys aged 7 and 1 were killed by illuminating gas in their home. A man in the same house was overcome and in critical condition. a third resident, John Isasel, 97, is listed in critical condition.
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