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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jun 06, 1906
Page
10
Wall Street reports persistent stock market breadth from yesterday's speculative surge. Profits were taken on top stocks while others advanced, with professional operators driving the market as money in bank reserves and sub treasury transfers ease the local money market.
Stocks opened strong on London cues with broad gains as Wabash, Southern Pacific and Readings led early strength. Amalgamated eased late while Pennsylvan ia faced pressure from Interstate Commerce probing. New York closing was uneven, with notable activity in Readings, Texas Pacific and Southern Pacific amid late profit taking.
An advertisement-style note touts Dean's Kidney Pills as cures for kidney strain caused by daily labor and poor posture. It cites a Boston user testimonial and notes the product is sold by all dealers at 50 cents, Foster-Milburn Co. as sole U.S. agents. Also reports on mining and corporate elections including Hancock Consolidated development, Parrott Silver & Copper directors, and New York Cotton Exchange officers.
Boston report shows today's bond and stock price movements and a record of total sales across markets. Investors reacted to shifts in yields and trading volume, with notable activity in large cap issues and bond issuances.
Arizona curb market leads activity with the stock climbing to a fresh high at 47 percent amid overall modest demand. official sales noted in the market report.
The Foreste Powder Company lighter sank with 30 tons of dynamite on the South Boston flats last Saturday. The McKee Wrecking Company raised the lighter yesterday without mishap, with diver Fred Wallace handling the submarine phase of the operation.
Lionel Edward Keyser, the new British vice consul in Boston, is expected to arrive toward the end of June. He sails from the British Foreign Office in London to succeed Arthur Woodhouse, who was appointed to the consulate of St Pierre and Miquelon last April.
American Beet Sugar Company declares a usual 1 percent dividend on its preferred stock payable July 2. American Car & Foundry Company confirms a 1 percent quarterly dividend on its preferred stock. Union Traction Company of Philadelphia pays a semi annual dividend of 1 per share on July 1. Paso Electric Company sets a semi annual dividend of 3 per share on the preferred stock payable July 9. New York & Harlem Railroad Company declares a regular semi annual 5 percent dividend on its stock payable July 2. Aly-Weet Mining Company posts a usual quarterly dividend of 10 cents a share payable June 15. Chirked Railway Company announces a usual quarterly dividend of 2 percent payable June 30.
The defense begins with the wife of the defendant Lillian L Borges present in court. MIT professor Fred L Bardwell testified visiting the Ubero plantation in 1902 finding few shacks and receiving pay and stock, later becoming a director. Henry A Gifford testified in 1904 of extensive plantation activity with coffee and rubber trees and about 200 workers on site.
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