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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jul 30, 1908
Page
10
Volume in New York and Boston appears sharply contrasting with gains in some copper and steel names while most issues retreat. News of Vanderbilt injury rumors and broader market hesitancy weigh on sentiment as Erie and Wabash activity drives the day's late trading.
Par values set at 100 for common and par 100 for common. Reserved 5 000 000 of preferred and 1 000 000 of common in treasury. Boston Idaho Mining reports 400 tons milling ore in 16 days. shipments due July 29. old mill being torn down for a new one. Davis Daly holders may face 2 per share assessment in upcoming reorganization. Majestic mines resume Harrington Hickory work after a year. Raven Company deepening 1100 foot shaft. Rhode Island shares rise with market. United Fruit seeks 1 940 000 more stock listing on NYSE. First National Copper to list after Oct 1. possible Trinity consolidation rumored. Coveney Murphy form curb firm at 50 Congress street.
Boston markets show daily stock and bond price movements with a summary of total sales for the day. The report records price changes and turnover across major sectors and market leaders.
The Boston curb market on July 29, led by Steamship Tours, First National Copper and Miami, rose on reorganization plan news. Consolidated bonds moved to 121-2 from 12, First National Copper held at 5 to 41-2, and Miami fell back to 8 after an early rise to 81-2. The market closed strong though not at day highs, with full curb list details following.
In Paris on July 29, several notable Bostonians registered at the Herald office including W. C. Ross Thurlow S. Widger Mrs. Lillian Huston W. E. and Mrs. Murdock J. B. and Mrs. Dorothy L. Simpson Joseph A. Dasha Mrs. and the Misses Irene C Esther H and Joseph A Jr Mrs. L. Lutz and Charles F. Kellogg.
The Cleveland and Pittsburg Railroad Company declares a quarterly dividend of 1 3 4 percent on original guaranteed stock with Sept 1 payment. The same company issues a quarterly 1 percent special guaranteed betterment stock due Sept 1. Casein Company of America posts a quarterly 2 percent dividend on preferred stock with Aug 10 date. Electric Properties Company reports a quarterly 1 1 2 percent preferred stock dividend due Aug 10.
Curb brokers met to elect a governing committee at 20 Exchange Place. Charles S. Dole was named chairman as Lawson was not chosen, with a one year term and a $100 admission fee noted. Several elected members are identified as Lawson supporters despite public statements to the contrary.
A New York telegram reports a coordinated push on Fraction and related Goldfield mining shares with insider-driven breaks. It urges investors to buy blocks, notes past mergers at $5.00, and cites Jumbo Red Top and Red Top as precedent for big gains amid continued pressure from insiders.
The Boston chapter plans an August 5 gala at Wonderland to honor the order’s heritage as the anniversary of the departure from Paris of its namesake explorer. The park offers regular attractions plus extra features. the ballroom will host knights and ladies. Past Grand Knight P. A. Kearns leads the executive committee. the event shifts from August 3 to Wednesday to maximize attendance across 54 local councils.
Wire dispatches report the steamer Meachan owned by the Todar Wanda Iron and Steel Company ran aground in fog near Passage Island Port Arthur carrying 9000 tons of coal. The vessel lies in an exposed position awaiting further assessment. Additional items note cholera fears along the Volga and a Dutch envoy's brief Washington visit, plus Navy orders keeping Rear Admiral Cowles as chief of the Bureau of Equipment after retirement.
A 55 year old man fell from a barn roof while shingling on the Fred Norton farm in Anson and broke his neck. In New Hampshire a state convention nominated Rev Edmund B Tetley for governor opposing licensing laws and criticizing major parties. In Fall River a Textile Council meeting voted to forward the sliding scale wage agreement to its executive committee for review.
The government will seek a rehearing or Supreme Court review of the Seventh Circuit decision in the Standard Oil Indiana rebates case. Prosecutions against Standard Oil and similar rebate offenses will proceed vigorously, with emphasis on enforcing the law and pursuing punishment where warranted. Att Gen Bonaparte denies any truth to reports of a dinner with John D. Rockefeller’s son in law, stating such tales are untrue.
Newport news notes seaman apprentice H. Swafford, stationed at the naval training station, awarded the gold medal for marksmanship by the Admiral Trenchard section of the Navy League of the United States in New York. Swafford scored 432 of 540. home town Fort Worth Kansas.
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