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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Mar 01, 1907
Page
10
In Wellston Ohio Samuel Beatty 76 won $101 damages from Southern Ohio Gas Co for loss of a luxuriant growth of whiskers burned in a gas explosion two years earlier. I B Gilliland also received $6000 for injuries from the same explosion.
Gloucester Feb 28 Stockholders authorize sale of Gloucester Net and Twine Company property to Linen Thread Company Ltd of New York. Plant with about 150 employees will continue operations and output is expected to rise.
Market page shows listed stocks and unlisted securities activity with prices and percentages. Notable entries include Am Sugar Am Zinc Am Wool Am Ch pref and Boston Cop Isle Royale Swift Ca US Smelt with varied price quotes and ex-dividend indicators. Total sales list 44,624 listed shares and 12,785 unlisted shares with bonds at $5000.
Nevada Utah led the curb list with an opening rise from 81 2 to 9 and finishing at 83 8 after a drop to 77 8 on a free stock. Rosario remained active with solid commission house buying while Sutton Bay stayed near 68 cents and Raven held around 13 4. Boston Ely rose to 43 4 and Nipissing ranged 131 4 to 135 8 amid broader fluctuations.
The schooner Arcadian under Captain Charles Rudolph began a fishing trip but sprang a leak 50 miles from shore. The leak above waterline plus heavy heeling forced the vessel to return to Gloucester for repairs.
The stock market showed a sharp reversal of yesterday’s sentiment amid a week of volatile moves. Prices recovered to near Tuesday’s highs, with no clear news driving the rally and bears covering shorts aided by market support and accumulation. An IC commission hearing adjournment was noted as possibly influencing sentiment.
President Mellen of the New York, New Haven & Hartford plans a March 6 meeting with Boston merchants and transport interests to oppose the Morse syndicate bid for the New Haven sound lines. Authorities say Morse’s offer is finally and absolutely rejected, and the sound lines will not be sold. The conference aims to record freight and passenger rate objections to the transfer to support a potential Supreme Court challenge as contrary to public policy.
The New Haven plans to resist ICC efforts to separate sound lines from its rail system. Directors say retaining sound lines is vital to the carrier as a public service, aiding traffic, fair rates, and feeder water lines for freight. They argue connections with Pennsylvania in New York boost freight potential.
The King Crowther Corporation offers stock at 70 dollars a share until close of business next week March 9. After that, quotation withdraws and par value 100 dollars becomes the price. Dividend books close March 15. with 2 dollar dividend due, investors may gain a 11.42 percent yield at 70 dollars, over three times bank returns.
President Sidney W. Winslow testified at a late night hearing defending United Shoe Machinery Company amid bills restricting its lease practices. Supporters argued the company aids Massachusetts shoe makers with efficient machines and lower royalties, while opponents from labor unions urged limits on exclusive leasing arrangements. The hearing continued with testimony from manufacturers and union reps as discussions of royalties and industry impact unfolded.
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