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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Mar 07, 1905
Page
10
Boston and New York markets show strong copper stock demand with Utah and Calumet leading gains. Atlantic gains and Union Pacific fluctuations mark a volatile day as investors weigh copper prospects, dividends, and ore reserves amid a broader market rally and sector optimism.
Closing prices across U.S. government and railroad bonds show a mixed session with several issues trading near par and others modestly higher. Notable levels include US 4s around 104 to 182 and various issuer notes such as B&O 4s near 104, Erie 4s around 101, and Union Pacific 4s near 106 while several corporates and state issues hover near these marks.
A week long journey to Washington on the Pennsylvania line departs March 10 for £25 round trip with all expenses except supper. Similar tours offered March 24 April 7 and 2. Consult George M. Roberts P A E D 205 Washington street Boston for details.
President John S. Taylor has sent a contract to pitcher George Winter with a Boston offer at stake. Winter may join Lancaster if the Boston terms fall through, while Olmstead of Escanaba has signed with Collins and will train in the South after going from Washington. Taylor plans an 18-man payroll and seeks all players on hand for spring practice.
New York stock activity rose after weekend news with early gains in Canadian Pacific Metropolitan Baltimore and Ohio and the general market. In the afternoon trading remained dull then firm and finished strong with heavy purchases of Amalgamated Copper Steel stocks Union Pacific St Paul Atchison and New York Central.
Chicago March 6 wheat markets ease as Australian shipments add to selling pressure from the United States. May wheat falls % to close lower, July down %, corn and oats rise slightly, and provisions advance 74 to 12 percent. Market opened weak and stayed soft.
Harvard president Charles W. Eliot argues in Harper's that organized employers threaten liberty through monopolies in wages and hours. He outlines eight objects of a Boston employers association and urges better harmony between employers and workers to promote public justice and peace.
Honolulu dispatch notes Japanese newspapers advertise the steamer Centennial to sail March 2% and Olympia on April 18 to transport laborers from Hawaii to the U S Pacific coast. Centennial to run monthly between Honolulu and the United States as agents seek workers. Authorities warn disturbances may follow arrivals at San Francisco and Seattle.
President J C Maben of Sloss Sheffield Steel and Iron announces the purchase talks by J H Hoadley and associates are ended. Sloss Sheffield's executive committee recommends a regular dividend on preferred stock and an initial 2 percent dividend on common stock. J H Headley says the syndicate won’t finalize until control of Tennessee Coal and Iron is effective, with negotiations to resume.
Yarmouth Nova Scotia March 6 The Bank of Yarmouth closed its doors as W H Redding Sons boot and shoe dealers here filed an assignment for creditors. The bank with 300000 capital held nearly 400000 in deposits as of December 31 1904 with a 35000 reserve and 2000 in profit and loss. Senator Levitt president is noted as a wealthy local figure. No public figures on the shoe firm.
Philadelphia March 6 Fred T Chandler a member of Chandler Bros bankers and brokers was today elected president of the Philadelphia Stock Exchange. His sole opponent was E C Miller of FE C Miller Co.
Greene Consolidated Gold Company declares its first dividend of cents per share to stockholders of record March 18 with payment scheduled March 2.
Elmer J. Bliss of Regal Shoe Company warns in a New York interview that Cuba's registration rules under Spanish law strip American owners of rights to marks used there. He notes unscrupulous Cuban registrants can block U S manufacturers, urging State Department action to protect bona fide rights.
Yesterday a fleet brought 16 offshore trips and five shore trips totaling 1,444,000 pounds to the wharf. Combined with 20 trips since Saturday noon, the grand total reached 2,088,100 pounds, a record not seen since 1904. Haddock led the catch with 1,491,700 pounds and the largest trips were the Slade Gorton 120,000, Metamora 120,000, Tartar 114,000, Mildred Robinson 100,000, and Benjamin F. Phillips 90,000 pounds.
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