Strong Markets on New York Trading Feature
Railroad stocks headline the special feature in New York trading with strong activity. Local features highlight Bingham, U S Mining, and South Range Coppers as notable movers.
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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Mar 16, 1901
Page
10
Railroad stocks headline the special feature in New York trading with strong activity. Local features highlight Bingham, U S Mining, and South Range Coppers as notable movers.
The New York market led with gains in Erie, C B Q, and American Tobacco while pools boosted low-priced shares. A Boston Towboat dividend and Amalgamated Copper optimism fueled trading as Amrimex stock and Mass Consolidated rose, with mining interests in Coeur d’Alene and South Range signaling broader strength.
The New England Telephone and Telegraph Company offers to redeem its third series six percent bonds, numbered 1001 to 1500, by tender until March 28, 1901. Eligible bonds offered at the lowest price will be redeemed on April 1, 1901, with a maximum payment of 1020 dollars per 1000 bond plus accrued interest. Tenders go to the Company treasurer at 125 Milk Street, Boston, with “Sendera of Bonds” on the envelope.
The American Telephone and Telegraph Company announces its annual stockholders meeting at 15 Dey Street New York on Tuesday March 26 1901 at noon. Items include electing directors and inspectors of election and authorizing transfer of certain lines to Shehsee companies. Transfer books close March 16 to March 26 1901. Secretary Charles Hustis Hubbard.
A report on delayed European arrivals ranks steamers Commonwealth Wini fredian English King and others due to tempest weather. Liner Bostonian is sixteen days out from London to Charlestown. Gorsemore carrying 7200 bales of Australian wool is twenty-one days overdue. Bohemian is fourteen days late from Liverpool. Saxonia and New England sailings loom next, with cadets visiting the Enterprise and immigration officials planning next week’s influx. Local fish prices rise at T Wharf as cargo boats battle rough seas and harbor activity shifts to East Boston and Neponset piers.
Bradstreet's reports no important changes in the week with improving wheat crop prospects and strong iron and steel demand. Rail earnings rise 14.4 percent from last year, lumber and leather active, wool declines, and heavy export activity but textile markets lag.
The Pyramid Pile Cure is described as a painless, harmless remedy for piles, with testimonials from users in Iowa Alabama Tennessee and Missouri. It is presented as superior to surgical operation and widely available through druggists.
Lawyer William G. Nash leads victims of Dr. John Grant Lyman and will present evidence to District Attorney Philbin in New York seeking an indictment for swindling. Oliver P. Simpson accompanies Nash with a full exposure of the Lyman operating method. Dr. Ira B. Cushing, reportedly out $17,000 in the Yukon Company and more in International Zinc, joins the prosecution syndicate.
In New Brunswick, Editor St. George Kempson of Perth Amboy was granted release on $4000 bail from jail after months of confinement for contempt of the Court of Chancery. The editor had refused to provide for his wife, with the couple already divorced in North Dakota, and the ruling was issued by Chancellor Magic, president-judge of the Court of Errors and Appeals in Trenton.
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