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This newspaper page contains 19 articles. Subscribers can read the full text of each article.
Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Mar 17, 1900
Page
8
A flat market with room traders dominating activity. copper advances in London and several miners report steady progress. Visible copper stocks rise as several firms announce dividends and management changes amid ongoing reorganizations and speculative lending concerns.
The piece argues brokers seek client profits to generate more orders, notes mutual distrust among traders, and explains why a secant broker gives cautious advice. It offers a free book detailing both sides of wheat trading and invites readers to request it.
Boston report lists today’s top and bottom sales with closing bid and asked prices. Ex-dividend status noted. Total sales amounting to 47 067 50 for bonds and 12 123 shares of stocks plus 9 340 shares of unlisted stock recorded.
R G Dun and Co reports the new monetary act has not yet changed business. February foreign commerce exceeded all but six months in history with cotton exports valued at 90.84 million and domestic exports at 48.21 million. Wool sales total 7.32 million pounds as mills run high output with little wool buying. failures rise to 198 in the United States and 23 in Canada.
The text claims Standard Oil earns eighty million dollars a year in profits on a five percent basis, implying a property value of about one point six billion dollars and claiming this represents roughly one seventh of all money in circulation globally.
The article notes Standard Oil paid 20 each to 23 000 shareholders from a total 80 million in 1900 with Rockefeller receiving nearly 5 million. Since 1891 dividends reached 267 million, with stock rising from 167 to 547 a share in six years, insiders hold under 8 percent control.
Howard Crosby & Co report minor wheat declines yesterday influenced by large Northwest winter wheat receipts and weather. Openings show a firm tone due to cold weather and lower Northwest shipments and higher Liverpool prices. Argentine shipments for the week total 9,644,000 bushels, with export movement boosting weekly totals. Omaha telegram notes winter wheat damage and a 10 degree below zero spell contributing to price advances.
Globe Manila cables report the reviewing authority disapproves Captain Bordman’s acquittal for delivering a prisoner Gargenero to Guimbal locals who executed him. The Guimbal court’s condemnation is noted, while Bordman faces no further culpability. Captain McDonald’s sentence is disapproved as too lenient. the reviewer favors letting him go unpunished to avoid setting a precedent for grave official failures.
A Roxbury rummage sale to benefit the Roxbury Homeopathic Dispensary opens next Tuesday at 2%1 Washington Street for two weeks or longer. Organizers include Mrs Wilson Dibblee and Mrs William Curtis.
Bradstreet's reports cheerful trade advices with unabated value strength in farm products, cereals, pork, and cotton. Prices see some liquidation and a favorable buy opportunity for bulls in cotton, while rail earnings and bank clearings show gains and declines year over year.
A meeting on Sunday evening March 18 at All Saints Church Brookline to discuss coffee room work. Speakers include Bishop Leighton Coleman rector Daniel Dulaney Addison rector Frank Lawrence Vernon and S H Hillard.
An advertisement touts the Rice method as a painless cure for rupture with a free trial offered to all. It notes Charles Lange of Morrison Illinois, a 72 year old man previously crippled by a double rupture, recovered after short use and now needs no support. The piece urges others with ruptures to write for trials and to spread word to others.
Yale University trustees approve changes in the English department to require sophomores take five courses and allow six from ten options including Greek Latin mathematics history chemistry physics English French German. The senior year philosophy study is abolished. A new chair of Semitic studies is created and forestry funds establish a summer school and a new forestry department.
The seventh annual Old Cambridge Photographic Club exhibition opens with 161 pictures at Brown & Nichols School Garden Street Cambridge. Notable displays include Carruth Russell Peabody Thorp Devens and Sharples with award worthy platinum prints and strong portraits of flowers and foreign views.
The House debated giving the commissary general brigadier general rank, ordered the bill to a third reading by 61 to 44, and discussed electing the Newburyport Board of Aldermen chair, with a close division on a referendum amendment. The session also recommitted the Catholic Total Abstinence Union petition and tabled motions on railroad season tickets and the Boston teachers retirement fund.
Mr. Carey of Haverhill presents a petition from C. B. Galusha and others arguing voters qualified to elect state officers may vote at the next election if the Boston and Albany railroad is purchased by the State. A remonstrance against leasing to the New York Central is also presented. The House approves the Senate order allowing the Metro politan Water Board committee to travel on its investigation duties.
The retirement of Colonel Pfaff opens the race for commanding officer of the First Regiment. Colonel James A. Frye, who led Fort Warren’s battalion in the Spanish war, is the leading candidate with strong coast defense credentials. Major Charles P. Nutter is also well informed and popular, but Frye appears to have broad support. Lieutenant-Colonel Woodman from Fall River is not a strong contender.
The committee urged amending the dentistry registration law to ensure only persons of good character receive licenses and to require license display near the chair. The House debated recommitting a liquor hours bill and postponed it to Monday. The railroad committee opposed Carey and MacCartney’s grade crossing petition, favoring railroad funding of crossings.
Dr W Seward Webb and Geo W Phillips sue in equity in the United States Circuit Court against the Boston and Maine and the Fitchburg railroads with Governor Crane Lieutenant Governor Bates and Edward H Bradford to restrain the lease of the Fitchburg line to the Boston and Maine and to stop voting 50 000 Commonwealth shares for the deal. They contend the proposed lease injures Fitchburg preferred stockholders and that Boston and Maine cannot secure the 6 percent annual dividend.
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