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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jun 18, 1909
Page
14
The stock market slid in a sharp, surprise reversal with heavy liquidation and margins wiped out. Copper sentiment, Reading dividend contrast, and short covering helped shape a broad decline as traders weighed speculation, news of a British ship firing, and potential Panama loan expectations.
Boston reports the Butte Electric and Power Company has posted rising earnings with gross income up from 843,660 in 1907 to 1,269,596 in 1908, net for dividends up 57 percent. For 1909 four months show 42 percent higher gross and 45 percent higher net, with stock at 125 per share.
The Iron Trade Review reports rising confidence across iron and steel sectors as orders expand and railroads increase expenditures. Steel firms plan higher output, with bar iron price hikes and many car orders—35 000 for Pennsylvania lines, 4 300 for Harriman lines, and 60 000 total expected—driving a shorter inventory shutdown and full operation at mills.
The clipped market ledger lists numerous US and Japanese bond issues with shorthand identifiers, coupon types, and rates such as reg 101 percent for Japan 4s and 3s with coup 102 percent, including entries for Kan City So Ist 3s 74 percent and Am T & T ev 457 with 104 percent.
The page shows wheat quotes for July, September and December with open high and low values, plus closing figures. Corn and oats quotes appear with multiple months and price ranges, though OCR errors obscure some figures and labels.
The Bank of England reports changes this week with total reserve up while circulation falls. Bullion and other deposits increase whereas public deposits decline notes reserve rises and government securities remain unchanged. Reserve ratio rises to 50.66 percent from 48.70. 2,000 2,444,000.
The directors of the Louisville and Nashville Railroad Company declared a 3 percent semiannual dividend. The two prior semiannual payments had been 21.5 percent.
The notice lists ex-dividend and books close dates for several issues. Norfolk and Western common at 2 percent, ex-dividend. Chicago, Rhode Island and Pacific Railway. Dominion Coal. New England Cotton Yarn. Utah Copper. Mexico Consolidated Mining. Books open for Mexico Consolidated Mining.
The Leopold Morse Company held its first annual outing yesterday at Lee's Inn Squantum. Morning baseball pitted married men beating singles 6 to 1 with L Joel and J Smith starring. Afternoon sports featured S Davidson winning the broad jump and I Greenburg the 100 yard dash amid a musical program led by Elizabeth Laurie and Joel.
Rain postponed Nashville to Little Rock travel and reported scores show Atlanta 4 Memphis 0 and Montgomery 8 Mobile 2 with updates on affected schedules.
Interest payable dates set for June 1 and December 1 across New York Boston Chicago. Announcement outlines payment schedule for corporate notes and bonds with participating entities and settlement timelines.
Bunker Hill day in Lynn featured two wins for the home team. Havehill fell in the morning and Fall River was defeated in the afternoon. Brockton won but Lynn remains the league leader.
In the schedule, Lynn faces Lawrence, Fall River plays Brockton, New Bedford meets Haverhill, and Lowell competes with Worcester reflecting regional basketball pairings.
Lynn won 4 to 0 despite Haverhill keeping the game close early. Page led Lynn with two hits while Lessard allowed few runs and worked 1 hour 25 minutes. Key plays included fielding by Courtney and Dutt and a sacrifice hit by Boardman.
In the third inning three walks and two errors allowed Lynn to score three runs. A late two base hits by Solbraa and Burg helped Fall River prevail 5 to 2. Abbott walked twice and Wormwood fanned twice as Umpire McLaughlin presided over a 2 hour game.
Lawrence edged New Bedford 1 to 0 in a tense game. Pitching held strong as Sline allowed four balls and Griffith struck out five, while key plays by Crum, Vinson, and Hammond secured the lone run.
Haverhill outbatted Lowell but Blanchard held the hits scattered and Traverhill failed to tally as the game ended 3 to 0. Merrill earned the win for Haverhill with 5 strikeouts while Blanchard took the loss.
Brockton won three straight from Worcester, 11 to 2, with O'Toole pitching well and Wilson hit hard for Brockton. The box shows key hits by McLean Shannon Murch Donovan Reynolds and McCune, plus a three-base shot by Henricksen.
In an afternoon game at Lynn on June 17 Wormwood of Fall River loaded the bases with two out in the inning. The tense situation showed the pitcher’s control and the offense tried to break through as the crowd pressed for a rally.
Box score notes list players Henricksen McGovern Shannon Hickman and another McGovern. Left on bases Brockton six Worcester five. Walks given O Toole two Wilson one. O Toole struck out four. Time one hour forty seven minutes. Umpire Klobedanz.
Jack Johnson ends his vacation and will prepare for tough fights starting next week. He is set to box six rounds against Tony Ross or Marvin Hart at Pittsburg on Wednesday night June 30. An Albany sparring bout July 2 may occur if a fitting opponent is found for the champion.
English High defeated Somerville High 66 to 1 at Broadway Athletic Field. Pitcher Green allowed four hits with no walks. Pike struggled in later innings as English scored six in the fifth to seventh. Attendance reported as 1500 with Murphy umpiring.
Bowerman purchased Hosea Siner, 23, 187 pounds, from the Illinois Missouri league. Anson and Dick Paddon rate the recruit highly, calling him a “find.” Siner reports in Boston July 8.
Scores listed include Roger Wolcott A A of 12 defeating Notre Dame 2 at Fort Revere 14 to 5. Medford 5 beat Emerson Piano 4. Cambridge Red Sox 7 over St Marys 6. Wakefield 7 over St Marys 6. North Woburn 11 over Somerville A A. Brighton K C 8 over Woburn K C. Norwood Press 10 over Walpole A A. Malden Athletics 3 over Neponsets.
George Stovall first baseman for the Cleveland club was sent home by manager Lajoie after injuring a finger yesterday. The ailment is serious enough that he may not be able to play for a week.
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