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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
May 05, 1905
Page
10
Markets in Ely and New York opened with heavy trading as liquidity moved across sectors. The day showed uneven activity with gains limited by cautious sentiment and external factors weighing on overall market direction.
A broad market slide leaves Union Pacific and New York Central down sharply while copper equities lead losses. Analysts note concentrated buying by insiders may limit further declines, with a potential rally looming if sentiment shifts post Union Pacific stockholders meeting.
RSON and Buss brokers reported activity on the Boston Stock Exchange as margin trading intensified for bonds and securities. The scene highlighted brokerages expanding credit on listed assets amid cautious market movements.
Boston man N. W. Putnam testifies after ten years of kidney complaints that Doan’s Kidney Pills cured his backache and helped kidney secretions. He endorses Doan’s as a kidney remedy sold by all dealers for 50 cents, Foster‑Milburn Co., Buffalo, sole US agents. Remember the name Doan’s.
The report covers Lake Shore Michigan Southern results for 1904 with earnings and surplus figures. Board changes include J Pierpont Morgan and others. Vanderbilt Jr replaces late Edwin Worcester. Nickel Plate annual meeting votes 205000 shares with Rockefeller and Stillman joining the board. Indianapolis Terra Haute Traction project details and leadership are listed plus Michigan Central 1904 earnings and surplus. Anaconda Copper meeting proxies named. minority stockholder concerns noted and Amster comments on Washoe savings and ore discoveries.
The New York Consolidated market opened firm on higher London prices but soon turned bearish. Prices fell sharply by noon and again after 2 p m with active selling. Buying remained quiet yet absorption occurred as banking interests sought a larger stock position. The session closed weak and irregular with a modest late rally.
The Mechanics National Bank at Washington and Franklin streets will be liquidated and taken over by a trust company. Capital is 250 000 dollars with a 950 000 surplus. Incorporators include C O L Dillaway W E L Dillaway Arthur H James Hiram M Burton and others. Dillaway is bank president and directors include Dillaway James Davidson James Curniff and Edwin Kramer. Bank chartered 1836 and became national in 1866.
Senator Edward Nevins proposed updates to anti fire bills after a biograph fire and Shawmut Church panic. He had earlier backed Lynn theater safety measures for moving picture machines and now adds a clause protecting churches and other public places from disasters.
Ralph Osborne a basso cantante presented a largely French program at Steinert Hall with Lewis Williams piano and Margaret Gorham piano. The Boston born singer trained at Harvard and in London and Paris, displaying pleasing mid to low register tone and solid interpretation though some arias were too high in pitch.
Ennis and Stoppani report wheat and corn futures with July and September prices and option activity. They note bears remain in the market, with limited rally strength and professional trading, while corn and oats showed early strength then profit taking as general conditions hold steady.
Eighty five Yale alumni gathered for the Yale Club meeting at Hotel Brunswick. Rev. B. C. Bushnell of Arlington presided, and Professor R. De C. Ward of Harvard delivered a talk on Immigration after a sumptuous feast.
Colonist tickets priced from 49.90 to 52.00 to California Oregon and Washington are sold daily until May 15 with after rates rising about 17 dollars. Travel includes Boston to San Francisco Los Angeles Portland Tacoma Seattle and other Pacific coast points with lower rates to intermediate stations. Reductions also apply from all New England points. Half price Pullman tourist sleeping cars offered via direct line or via Colorado scenic route. Contact S A Hutchison manager tourist department Union Pacific North Western line 300 Washington Street Boston.
The Common Council approved a bill to establish a relief hospital in East Boston after a near unanimous vote. Senator William Taylor led the measure through both chambers, and 12 to 1 in the Board of Aldermen. 67 members were present for passage. Myron Pierce opposed. The hospital trustees will acquire land by eminent domain and begin work. The council also approved a $330,000 loan to repair and extend city water mains.
Roxbury Council 123.9 Knights of Columbus marked its tenth anniversary with a banquet and reunion last evening at Putnam Hall on Tremont Street. Officers delivered addresses, followed by a concert and banquet proceedings.
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