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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jun 28, 1910
Page
12
Total sales in New York reach 753 400 shares and Boston 33 097 shares with American Hide and Leather rising 1 to 512 as the top New York gain. U S Red. & Res. prd. down to 6 15 and Madison Electric up to 250 in Boston. Call money in New York 27 8 percent, Boston 3 to 4 percent. Time money New York 3 43 4 percent, Boston 4 to 5 percent.
Trading activity surged as stocks fell toward yearly lows with Rockefeller issues among the hardest hit. Weakness spread across rails and metals amid drought and heat reports in the Northwest, while final prices closed near day’s lows and rails led losses.
Amalgamated shares led a broad market slide after opening, as persistent selling pressed Steel and other industrials. Bullish news on dividend plans and copper producer updates failed to stem losses. local money rates and New York clears showed continued strain amid a weak close.
The document details a weekly bank statement with a year-by-year surplus reserve for Boston and New York over ten years. It notes Dee building in Houghton Michigan with 3000 feet of floor space. Fitzgerald Hubbard & Co publish a booklet on dividend paying stocks. Westinghouse Electric & Manufacturing stockholders meet. shares close July 16 reopen July 38. William B. Thompson of Thompson Towle & Co visits the city.
Gossip notes that hot weather rather than shorts or liquidation cooled prices while Nevada Consolidated reports May production at 6 million pounds and a net $400,000. Amah Camated curtails output and several mines suspend Sunday work, signaling possible broader supply cuts and prompting calls for general curtailment to aid the market.
The Gas Commission approves 500 shares of Cambridge Electric Light at 200 dollars each. Calumet and Hecla plans a temporary shutdown to repair the Whiting shaft, not reducing copper output. American Trust Company will act as transfer agent for Contact and Boston Miami copper firms. Old Dominion reports a 500 foot deep west ore body on the 15th level, high grade and self fluxing. Superior shaft shows rich mineralization at the 4th level, No. 2 shaft crosscut at 400 feet down reveals an excellent lode. Amalgamated Copper curtails Sunday work, implying nearly 10 percent production reduction. Paine, Webber opens new offices on the ground floor of the...
Woburn Massachusetts awards a temporary loan of 50000 to I S Moseley Co at 3.98 percent discount plus 1. Warwick Rhode Island invites bids for 375000 temporary loan maturing either December 5 or January 5. War Department Insular Affairs invites bids for 425000 4 percent Porto Rico bonds. Concord Massachusetts seeks bids for 15900 temporary loan maturing November 9.
The Boston curb market yesterday faced bearish pressure but less than on larger exchanges. Goldfield Consolidated Rhode Island Coal Chino Cobalt Central Cac tus Algomah Massachusetts Coal and Ohio fell while Calaveras and Ely Central held firm Calaveras hit a new high price of 8 dollars per share.
Butte Balaklava Copper Co declares a quarterly dividend of 50 cents on July 20 for stock of record July 1. Associated Merchants Co proclaims quarterly 1 percent on first preferred and extra 4 percent on first preferred with July 15 payment and July 7 record, plus extra 4 percent on second preferred to July 7. H B Claflin Co announces quarterly 2 percent on common stock with July 15 record July 7. United Metals Selling Co declares quarterly 5 percent.
Calumet and Hecla payable seven dollars per share in dividends Chino Copper post ex dividend. Chicago and Illinois company 15 8 per cent. and 2 per cent pid. Markets show ex dividend National Biscuit United Fruit meetings open to books.
The Boston Safe Deposit & Trust Company unveiled its new 12 007 square foot building on Franklin Street between Arch and Devonshire with 8000 square feet under sidewalks. The 3000 ton vault spans 69 by 40 feet and holds 15 000 safes, marking the largest vault in New England. Removal to the new quarters is set for July 11.
American boxer Harry Lewis defeated Young Josephs of England in the eighth round of a 20 round match for the welterweight championship of England and a $3000 purse per side at the National Sporting Club in London. Josephs’ seconds threw in the sponge after he was counted out three times.
Worcester wins 10 innings 4 3 and 10 5 over Haverhill. Martini pitched well in game one after the opening inning. Haverhill left early runners, while Worcester capitalized with key hits and on errors to claim the sweep in Haverhill.
Lynn defeated Lowell 3 to 0 in New England today. Pitcher Tyler followed Fesster and delivered a masterly game after the rookie’s disastrous first inning. The visitors managed only three runs in that opening frame.
New Bedford 1 0 0 4 0 1 0 0 1 8 falls to Fall River 5 0 0 0 0 0 0 0 0 5 after late scoring. Butler hits a two base, McCrone triples, Wormwood and Griffiths strong on mound. Bridges Rising and Cunningham steal bases. Wilson, Wormwood, and Griffiths handle pitching duties. Time 2h12m. Umpire Connolly.
In Brockton on June 27 Lawrence defeated Brockton 3 to 0. Finlayson led Lawrence with a dominant pitching effort while McLane Hearn and Bannon supplied strong batting. Three Brockton batters reached first as Lawrence secured the win.
Upsets dominated the first day at Oakley Country Club open tournament. Heine Schmidt defeated former state champion J G Anderson 20 holes. In the afternoon Henry W Stuckien state champion lost to H W Thayer 2 up with both scoring 76 and Stuckien posting a 35.
Houston Employees Outing marks the fourth annual field day for the James A. Houston Relief Association. A special car line departs Chauncy and Summer streets at 2 pm Saturday July 2 for Riverside Recreation Grounds Auburndale with boating bathing water sports and diverse contests. Prizes donated by P H Magrane support the event and dancing will cap the evening as cars return to Boston at 8 and 10 30. Committees include transportation sports refreshments publicity and more.
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