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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jun 07, 1899
Page
6
A Boston market report notes gains led by copper shares as Calumet & Hecla buys 320 acres near Laurium for 190000, with Standard Oil reportedly taking Michipicotten Island stake. Descriptions detail copper dividends totaling over 5 million since May and planned development and a stamp mill on the island site.
Investors are reminded to complete buy now subscriptions before the closing deadline set at 50 cents per share. The offer targets new and existing holders seeking to participate in the limited window before the pricing ends.
The report totals Cam eron and Noyes dividends since January to June 1 1899 at 11 234 000 with major listed firms including Boston Montana Anaconda Copper Quincy Mining Co Hecla Osceola Tamarack Atlantic Wolverine and others totaling 102 478 009 in dividends. It notes a 4 percent common and 11 2 percent preferred semi annual and quarterly dividends payable July 1 to June 10 record. Also reports Blue Bell Copper Co organized in Delaware with officers Addicks Allen Keller and notes Arizona property in Yavapai county.
Boston reports today’s trading results with total sales of 37,130 for bonds, 16,250 in listed stock, and 15,604 in unlisted shares. Closing bids and asked prices are noted alongside ax dividend remarks.
Wilson W. Fay & Co. at No 7 State Street reports miscellaneous stock exchange sales. The brief item notes trading activity without specific figures or names.
The new Plant line steamer La Grande Duchesse enters Boston Harbor on its maiden visit. The vessel will sail to Halifax and Prince Edward Island in June, replacing the Olivette. Plant’s career includes founding the Southern Express Company and ties to both Union and Confederate leaders.
H B Plant celebrates another milestone with the launch of La Grande Duchesse linking the port with the provinces. The vessel, tested to 19 knots, was accepted recently and will begin service to Halifax, Nova Scotia on June 10, running until early July.
The board and officers pledge strong support and bring a corps of experienced engineers to assure a brilliant outcome.
A local notice states that shares or stock are offered exclusively through the issuer’s office. It emphasizes direct sale by the company, restricting distribution channels and sales through brokers or third parties.
Henry B. Goodenough of Brighton a major wholesale beef dealer at Quincy Market and well known capitalist. Frank W. Homans of Gloucester a wholesale fish and ice dealer.
Eight years after Mr. Plant absorbed the Boston to Halifax Hawkesbury and Charlottetown line, the new floating palace arrived yesterday in port. The vessel carries the man responsible for the historic takeover aboard.
A stock of vessels have sailed to River Platte Paysandu and Africa with 11,195,828 feet of lumber earning over 110000 in freight. Willard Mudgett loads cargo for Africa while S W Watson coal barge sells for 4000. A harbor bout between Captain Seely and Professor Winneberg ends with Winneberg ahead. Captain Birdsall readies Annie Murray for launch on the Fourth of July at Camden. City of Quincey to be painted and carry Lynn to Nantasket excursion. Chattahoochee repairs at East Boston. Franklin and Monadnock noted back from Cape Horn voyage. Ferry Winthrop hosts a harbor sail for passengers.
The report details cargoes and preparations for ships including the Julia Ill and A Hayford as they load lumber ballast and treenails for voyages to Provincetown and the Grand Banks. It notes crews from various regions, a sinking master buried at sea, lightning strikes near Formosa Channel, and ships moving through the harbor with arrivals and debarkations.
The Mazet investigating committee bars witnesses from counsel and cites corruption claims in the Tenderloin district. John Ellis testifies of payments to A B Waite for protection at a Sixth Avenue resort, with Waite denying receipts and facing legal action. Police Captain Trice and Chief Devery figures are implicated amid transfers, assessments, and liquor violations. Magistrate Olmstead issues a disorderly conduct warrant for H C Henderson, Price's counsel, charged by Clarke and Crawford. The hearings resume tomorrow.
Lady Randolph Churchill faces a possible loss of her magazine title as a Boston firm asserts rights to The Anglo-Saxon. Her American edition planned for mid month may need a new name, with The Anglo American Review proposed as an alternative. The American News Company confirms the conflict but allows potential dual usage with different locales.
Funeral services were held yesterday at the Kensington on Boylston Street for Philip Henry Savage who died at Massachusetts General Hospital. The Boston Public Library delegation attended along with Harvard associates and friends, with Scripture readings and prayers by Rev Edward Eversett Hale and remarks by Rev Minot J Savage. The body was afterward taken to Forest Hills for cremation.
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