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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jul 12, 1905
Page
8
The July 11 market report notes a broad decline as investors lock in gains after a prior rally. Brokers tied to organized buying leads reduced holdings, and expectations for money rates and the Japanese loan boost remained uncertain.
A New York despatch notes heavy selling in Union Pacific with calls it not just shifting bull positions but a broader downtrend. Officers and brokers discuss declines, purchases by Standard Oil, and a quiet Union Pacific meeting failing to reach a quorum. Stocks and bonds across Union Pacific Boston ties, Pennsylvania Steel, United Copper and Baltimore & Ohio are cited with dividends, bond issues, and new listings. Ahmeek, Greene Consolidated Gold, Majestic and other mining stocks show varied quotes as markets press lower.
Bond quotations show U S government issues and various corporate issues falling within narrow ranges. Notable items include U S 4s at 104 and 4s near 108, American Tobacco and various railroad bonds trading with modest moves, while standard rail and utility issues display small gains or losses in a quiet July session.
Washington reports show corn planted at 94 011 000 acres, up 2 080 000 acres or 2.3 percent from last year. Wheat conditions on July 1 average 85.8 for spring and winter combined with 24 257 000 bushels of wheat remaining in farmers hands. A new monthly crop report system was implemented today with officials confined until figures were ready.
An official rain forecast for tomorrow in North and South Dakota spurred a rise in wheat values in Chicago. Strong cash wheat demand in Southwestern markets aided the advance as the September option closed higher by less than a penny. Corn rose 5 cents and oats gained 4 cents while provisions held steady. Early trading showed bearish sentiment due to clear weather west of the Mississippi.
Ennis and Stoppani of the Chicago Board of Trade report dull wheat trading with occasional bursts of activity. They note a recovery in coarse grains and suggest renewed activity after the government report, with corn bullish if conditions are 86 or under.
The report notes first instalment paid on alix dividend with rights. Total sales include listed stocks 26 510 shares bonds 55000 unlisted stocks 13389 shares and rights 4258.
The Dominion Atlantic railway line now carries heavy tourist traffic to Nova Scotia and the maritime provinces. Outgoing steamers are filled with visitors seeking cool healthful breezes, with direct routes to New Glasgow Truro Springhill and St John via Digby and about twenty six hours from Boston. For details on tours contact the company's Boston offices at 2298 Washington Street or Long Wharf.
Boston faces a moth invasion from Gypsy Moths with officials predicting relief within days as winds shift. Superintendent A H Kirkland notes lights draw moths, winds from the past days pushed them here and away from the city could end the infestation. Nearby Cambridge parks struggle to suppress the invasion but gains are not seen yet.
Lynn reports an invasion of brown-tail moths spreading from Boston. Residents describe walls and windows blocked by dense swarms like a winter snowstorm. Park commissioners, led by Mr. Kirkland, mobilize to eradicate the pest.
The gypsy moth has appeared in Dorchester and Jamaica Plain and is declared a nuisance for foliage. Citizen associations plan to appeal to the State for aid. Superintendent Doogue has added men to park work in the district.
Stella Corbett missing from Charlestown is in custody at Station 15 charged with larceny of $25 from Susan B. Hammond on Frothingham Avenue where she worked. Police decline to release details on her whereabouts since leaving Charlestown or where she was arrested.
London July 11 The reported engagement of Miss Ethel Barrymore to Harry Graham late of the Scots Guards and former private secretary to Lord Rosebery has stirred the fashionable world though the engagement has long been rumored among close friends.
A troupe of wandering actors stranded in France reached the United States as stowaways. Charles Hartley 23 of New York and Fred Warner 21 of Paterson New Jersey were aboard the Cestrian at East Boston with others after fleeing sea toil. Joseph Raynor of Brooklyn joined them after arriving on the Oxonian from Antwerp.
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