Market Lethargy Grips Wall Street Amid Low Trading
The market sank to a new yearly low with about 133,400 shares traded. Stocks drifted lower with few gains, while London and foreign markets weighed on sentiment. Analysts cited weak demand, mixed exports data, and the idle tape as key factors shaping the dull session.
MENTIONED IN THIS ARTICLE
Wall Street
Stock Exchange
London
Morocco
Germany
France
Great Britain
Berlin
Paris
New York
Seattle
Northwest
Baltimore & Ohio
Boston
CAI
Ccese
New York Market Closes Narrow With Small Day Declines
Forenoon activity shows firming in Atchison Canadian Pacific Amalgamated and Steel stocks but afternoon trading slips from high levels with only fractional losses. Bearish sentiment grows though conditions remain favorable. stocks may dip further tomorrow while buying on declines is advised. Also notes Copper Range Consolidated dividend and June 1905 transfer deadline.
MENTIONED IN THIS ARTICLE
State Street
New York
Wall Street
Coney Island
London
Atchison
Canadian Pacific
Union Pacific
Steelshares
Reading
Amalgamated
Greene Consolidated
Green Consolidated
Wisconsin Central
Steel Common
Illinois Central
Anaconda
Atlantic Coast Line
Baltimore & Ohio
Northwest
Missouri, Kansas & Texas
Louisville & Nashville
NEW York Consolidated
Atchison, Canadian Pacific
W. B. Smith & Co
Congress Street
Amalgamated Copper
American Sugar
Arch
Brooklyn Rapid Transit
Chicago, Mil & St. Nee
Ua Mae Aon
Erle Piste Dala Pa
Aaa Ae Ae
Missouri Pacific
New York Central
Sail
Pennsylvania
Ovaw
Ae States Steel
Doan's Kidney Pills Endorsement by Boston Worker
John Horner of 28 Orange Street Boston employed by B & A R R says Doan's Kidney Pills cured his long kidney trouble. He suffered for fifteen years with back pain headaches dizziness and kidney secretions. He reports complete relief and recommends the remedy. Sold by all dealers 50 cents Foster Milburn Co Buffalo NY sole agents for the United States. Remember the name Doan's.
MENTIONED IN THIS ARTICLE
John Horner
Orange Street
Boston
Mass
Dean
Foster-Milburn Co
Buffalo
New York
United States
Doan
Financial Briefs Underwriters Debentures and Stock Changes
New Haven issues 15 million dollars of four percent debentures to J P Morgan Co and Kidder Peabody to date July 1 1905 run to July 1 1955 sell at 106 3 72 percent rate non taxable in Connecticut Ontario Western funding plan noted. American Ice Securities replaces certificates on NYSE. Mexican Central Railroad raises capital from 47 975 000 to 100 000 000 with 250 000 new shares swapped for income bonds. Taunton borrows 85000 from Moseley at about 3 380 percent discount due Nov 7. Mackay companies amend declaration of trust for quarterly dividends and set annual meetings for July 12 1905 and Feb 15 thereafter.
MENTIONED IN THIS ARTICLE
New Haven
New York, New Haven & Hartford Railroad
J. P. Morgan & Co
Kidder, Peabody & Co
Boston
Connecticut
New Haven Road
Ontario & Western
American Ice Securities Company
New York Stock Exchange
American Ice
Mexican Central Railroad Company
Secretary of the Commonwealth
Taunton
Mass
Moseley & Co
Wheat Strength in Chicago Buoys Grain Market
Cold wet weather in the Canadian Northwest boosted Chicago wheat to a strong session. July option rose 1 1/4 cents with corn up 4 1/4 cents and oats up 4 4 cents while provisions gained. Short covering dominated as traders fretted about further frost and potential eastward spread.
MENTIONED IN THIS ARTICLE
Chicago
Ill
Canadian Northwest
Liverpool
Chicago grain quotations outline wheat and corn prices
Ennis and Stoppani report wheat futures gaining on Northwest rain and Minneapolis strength with July at about 86 to 87 and September near 82 to 83 while corn shows dull early trade, then late session buying lifting prices. Options on July wheat reflect puts around 86 to 87 and calls near 88. Oats remain inactive though a firm tone develops.
MENTIONED IN THIS ARTICLE
Chicago
Ennis & Stoppani
Chicago Board of Trade
State Mutual Building
Northwest
Minneapolis
Ringling Circus Draws Record Boston Crowds
Boston crowds flock to Ringling Brothers Circus on Huntington Avenue with a 14 000 seat tent often sold out nightly. The program features elephants horses clowns and a Parisian dance number as the show runs over two hours ending with dramatic hippodrome races and thunderous applause.
MENTIONED IN THIS ARTICLE
Boston
Ringling
Huntington Avenue
Ringling’s
Merry Andrews
France
Hippodrome
Circus
Gas Companies Vote to Unite in Boston Consolidated Merger
Meetings of seven local gas firms resulted in a merger into the Boston Consolidated Gas Company. The eight company Massachusetts Pipe Line Gas Company had already been absorbed. The joining entities include Boston Gas Light, Brookline Gas Light, Roxbury Gas Light, Dorchester Gas Light, Jamaica Plain Gas Light, South Boston Gas Light, and Bay State Gas.
MENTIONED IN THIS ARTICLE
Boston Consolidated Gas Company
Massachusetts Pipe Line Gas Company
Boston Gas Light Company
Brookline Gas Light Company
Roxbury Gas Light Company
Dorchester Gas Light Company
Jamaica Plain Gas Light Company
South Boston Gas Light Company
Bay State Gas Company
South Boston group seeks more police and better streetcars
The South Boston Citizens Association urged the mayor for higher police funding and full quota protection after tributes to Henry F. Naphen. They pressed for an immediate hearing, and proposed two mounted police for Marine Park in summer to improve transit access amid crowds.
MENTIONED IN THIS ARTICLE
South Boston
Marine Park
M. T. Mead
Joseph L. Bateman
Police Department
Spalding Disbarred by Boston Court
Edmund Spalding, admitted to the bar in 1896, was disbarred in the equity session of the Superior Court on petition by the Boston Bar Association. He confessed drafting a trust agreement transferring property to trustees for income to Horace Elliott and others, using funds for personal disbursements, with remaining balances converted for his use.
MENTIONED IN THIS ARTICLE
Edmund
Spalding
Superior Court
Sheldon
Boston Bar Association
Oliver A. Elliott
Newburyport
Sarah F. Adams Et al
Horace A. Elliott
Richards Confirms Gas Rate Cuts by Boston Consolidated
James L. Richards, president of the Boston Consolidated Gas Company, says eight firms merged under 1903 and 1905 acts and the new firm will cut gas prices starting July 16 and January 1 1906. He estimates annual consumer savings of at least 240000 dollars and notes no charges for services after July 1 and for connecting appliances after July 1. He adds the plan aims to benefit the public and stockholders while solving Boston’s gas problem economically.
MENTIONED IN THIS ARTICLE
Ssls Copper Range Consolidated CO
Peranis
Ederic Stanwood
Boston
Mace
James L. Richards
Boston Consolidated Gas Company
Dividends Payable Alerts From Major Corporations
United Fruit Company pays 1 percent quarterly with July 15 date. P. Lorillard Company issues 2 percent preferred dividends on July 3. United Gas Improvement Company declares 2 percent quarterly with July 15 date. Bealen Trust Company offers 4 percent semi annual dividend with July date. Massachusetts Light Companies announce 1 percent quarterly with July 5 date.
MENTIONED IN THIS ARTICLE
United Fruit Company
P. Lorrillard Company
United Gas Improvement Company
Bealen Trust Company
Masschusetts Light Companies
Grace Pensioned Fireman Grace James M Grace
Fire Commissioner Wells pensioned James M Grace of Engine Company A, age 32, recently incapacitated by illness, at a yearly pension of 600 dollars. Four new men joined the department: Cornelius P Meehan to Engine 34, Thomas A Mc Laughlin to Engine 43, Charles J Deininger to Engine 27, and Michael D Sullivan to Engine 22. George C Dowling transferred from Engine 22 to Engine 12.
MENTIONED IN THIS ARTICLE
James M. Grace
Engine Company
Wells
Grace
Cornelius P. Meehan
Thomas A. McLaughlin
Charles J. Deininger
Michael D. Sullivan
George C. Dowling
South Boston Man Breaks Ankle in Malden
Joseph W. Caron aged 34 of 766 East Sixth Street South Boston fell from a ladder at a Maplewood Street candle factory this afternoon fracturing his left ankle. Malden Hospital doctors are caring for him.
MENTIONED IN THIS ARTICLE
Malden
Joseph W. Caron
East Sixth Street
Boston
Maplewood Street
Malden Hospital
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Dulness
Greene Consolidated Copper
United States Mining
Osceola
Allouez
United Copper
Isle Royale
Mohawk
Wolverine
Massachusetts Electric
American Telephone
Mining and Stock Exchange
Arizona Commercial
Bay State Gas
Majestic
Ahmeek
North Butte
Pioneer Lynn
Ice Securities
Eee
Locomotive
Smelt & Befny
Sugar Refining
Anaconda Mining Co
Chic
Denver & Rio Grande
Ao” Distillers
Erie Eee
Illinois Dentral
Eevee
International Paper
Kansas City
Metropolitan Securities
Oory
Ester
People’s Gas
Ee Pacific
Eallers Railway
U S Rubber
Eeeeresee
U S Steel
Ene
Carolina
Chemical ‘Ee
Western Union
Evens
Wisconsin
NEW York Bonds
U S
Japan
L & No
N.c
Do Ist Inc
Nor Pac
Ys N & We
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C&o
C,ri & P
Stl&w
UN Pac
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D & RG Ds
Dist See
Erie P
Utah Apex
BUNDS
Bell Tel
Tel & Tel
Ill Steel
aAm Wuset
Tel “& Tel
Ars Ik
Bos & W
Daly-West
Ir & Steel
Edison el Ill
Oee
Franklin
Guanajuato
oMergenthal_ Lin
Michigan
Nat Biscuit
Caceola
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Esce
United Fruit
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Utah Pia
Victoria
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Pas St Ry
cExakx
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Joseph J. Raymond
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Wan’s Ticket Agency
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