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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jun 06, 1910
Page
12
A volatile week sees copper, rail and industrial shares hit new lows as an injunction blocking railroad rate hikes spurs a sharp market drop. Despite rising dividends and strong fundamentals among rail and industrials, investors remain bearish amid legal and global financial developments.
The article argues that public and private capital are depleted and new securities flood markets since 1907 panic. It notes overcapitalization, limited new capital, and expected crop-driven demand for money. Banks may issue emergency funds, English rates may rise, and a cautious stance is urged amid looming uncertainty.
A brief market rundown notes stock listings including Amalgamated Copper Hast Butte Copper Philadelphia common shares and Nickel common stock in the day's records.
President Navin of Detroit announces pitcher Frank Browning has been released to the San Francisco club in the Pacific Coast League.
The notice lists several incidents with street boxes and times. Roxbury events include a rubbish fire on Clapp Street and a loss at Anderson Street location. South Boston reports indicate a separate fire near West Sixth Street with no loss and a larger $500 loss elsewhere.
The Finance Commission urges deferral of Senate bill 410 authorizing the Boston Elevated Railway to purchase stock in other lines and extend tunnels. They call for joint hearings by the rail and transit boards to examine lease renewals and rental terms before any action, noting potential loss of public interest if rushed.
The Finance Commission notes the joint board favors authorizing the Boston Elevated Railway to acquire other street railway stocks under conditions. It criticizes the lack of independent review by the Transit and Railroad Commissions on extending leases and fixing rentals for tunnels and subways. It cautions proceeding in late session and records opposing and supporting views from counsel for the railroad and city.
Senator Bennett of Saugus criticizes the Finance Commission for postponing the holding bill and argues the joint work by the Railroad and Transit Commissions already provides safeguards. He notes the bill's path requires joint price determinations, mayoral approval, and elevated company consent before becoming law, with hearings already conducted. The delay would push decisions a year and shift influence to Boston citizens and council.
Roger Wolcott, lone dissenter on the house railways committee, vows to oppose the bill and push for an investigation of the Elevated charter. He criticizes Sections added by Babson and supports the tunnel and subway model. Senator Tinkham praises the Finance Commission's stance and urges Legislative caution on Boston affairs.
A Dedham accident injured several passengers as cars collided and threw people from seats. Doctors treated minor cuts and bruises from broken glass while H. E. Moseley’s auto transported the seriously injured home. Service was restored after cars were separated and Hayes resumed operations.
Historical note states Larry Lajoie, celebrated ball player, was the sole great of his era not linked to a pennant winning club, a rarity amid elite teammates and storied franchises.
Charles II born 1630, king in 1649 by his father’s death, but ruled in fact from 1660 after Monk’s army brought him back. His reign saw joys and vices, the Great Plague of 1665, the Great Fire of 1666, and a 1676 secret treaty with France. He died 1685 and was succeeded by James II.
Two arrivals at the wharf yesterday include the trawlers Hope with 40,000 pounds of hake and 5000 pounds each of cod and cask, and Eva Avina with pollock haddock and cod. Other vessels near ready for first swordfishing trips and a large cargo ship ply the port as fog delays a coal carrier from Louisburg.
The notice lists sun rise and set times, daylight length, high water and tide rises. It records arrivals of numerous steamers and barges including Beldar Neilsen Louisburg C B and Yale and other ships with cargoes or towing duties. It also notes sails of Yale and several tug outfits with associated ports and destinations.
A Collinees basketball player James Collins is described as fully committed in Providence. The article notes ongoing performances and team integration, highlighting consistency and potential impact for upcoming matchups.
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