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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Mar 20, 1907
Page
10
March 19 report from State Street shows renewed selling and nervousness as stocks swing downward. Amalgamated, Anaconda, and Union Pacific fall while some issues recover. Raven Mining plans capital expansion and executive changes.
Local curb trading was quiet with a reactionary trend across the list. Notable drops included Raven to 17 8 and Davis Daly from 161 4 to 141 4, while Nipissing rebounded from 121 4 to 13 and Rosario and Northern Ontario Copper held near 90 cents and 11 4. Fluctuations across the curb list followed.
The report shows total sales across listed stocks 47 846 shares bonds 19 500 unlisted stocks 22 186 shares. Details indicate ex‑contract items and assistant payments in a mixed securities portfolio.
A promoter outlines detailed calculations showing 50 percent yearly dividends from Argenta ore. He breaks down ore grades, concentration losses, smelter payments, and taxes to claim net profits of 13.90 per ton from low grade ore and 87 per ton from shipping ore, totaling 3 946 dollars daily at 350 operating days. He argues production could rise to hundreds of tons daily and predicts share prices climbing to five then ten dollars.
Frank S. Wood of 50 Congress Street Boston advertises Arcenta stock for sale at Main 4737 inviting buyers to purchase before the market moves.
Wall Street faced nervous trading as fears of a breakdown returned amid last week's slump. Large accounts faced pressure to close positions, rumors of a major liquidation grew, and anxiety over foreign money markets persisted while New York bankers held gold.
The piece argues that wealth comes from smart investments rather than labor alone. It highlights how bankers profit from savers and urges investing in ventures, notably the Chicago to New York direct electric railroad, priced at 45 dollars per share with 4.50 monthly payments, predicting huge earning potential.
A proposed railroad would cut the distance to 750 miles and running time to 10 hours, costing less to build and maintain than current steam systems. The message urges readers to invest or at least inquire, encouraging immediate action with coupons.
A purchase shows the Westinghouse Company supplying passenger coaches from Niles Ohio Car Works and power equipment for the first 15 miles of the Air Line with delivery in April.
The notice from THE HANCOCK CO fiscal agent Boston asks for name and address to provide additional information about the Chicago New York Electric Air Line Railroad stock. It requests recipients to respond with their full name and mailing address.
Judge Anderson in Chicago Federal Court ruled that John R. Walsh former president of the Chicago National Bank must appear April 8 to enter his plea to 160 counts of misapplication of funds from a national bank. The ruling followed hours of argument over whether a bill of particulars should be provided before pleading.
The New England Telephone and Telegraph Company invites holders of its Fifth Series bonds 2001 to 2500 bearing 6 percent interest to tender for sale and surrender by noon March 23, 1907. Redemption limited to 1020 per thousand with accrued interest, tendered to Treasurer at 119 Milk Street Boston.
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