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This newspaper page contains 13 articles. Subscribers can read the full text of each article.
Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
May 10, 1907
Page
12
May 9 at State Street shows Union Pacific lead a broad swing as directors announce new securities plans. Stocks drop sharply with Union Pacific Reading St Paul and others tumbling. brief recovery later but overall mood wary ahead of crop and money reports.
A circular letter from Treasurer James Milne offers $250,000 in 7 percent cumulative preferred stock at par for 10,000 shares with stockholders eligible to subscribe for 200 new shares per 1200 shares of common stock held. WILLIAM E. SOULE.
The article provides an exact table of the day’s stock and bond prices and the total sales for the session. It records the day’s market movements with precise figures and totals for investor reference.
Nickerson Simmons Buss traded both ways in Nevada Utah arbitrage and bought Utah Apex heavily. Globe Consolidated fell from 15 to 13 percent amid recent manipulation. Raven sold at 1 to 1 1/4 percent while Superior Pittsburg held around 18 percent and Amalgamated Nevada rose to 2 1/4 percent. Butte Bradley debuted at 35 cents as totals and price changes are detailed.
Wall Street reacted to announcements by Union Pacific and Southern Pacific of new capital totaling 136000600. Union Pacific shares fell sharply by 8.25 from the day’s high as directors seek authorization for 100 million in common stock and 75 million in debentures. Harriman says preferred stock at par will protect credit.
Public School Shorthand Writers from outside Boston hold a convention in the Ford building on Ashburton Place tomorrow morning. Teachers will give addresses and shorthand notes will be read with stereopticon aid. Over 500 school children will participate.
Two sailors from the fishing schooner Mystery were rescued five miles off Yarmouth by the steamer Boston. George D. Surrette and Coleman Brabson reported four crew lost and eight dead on the Mystery during fog on the Banks. They survived a week afloat with little food. The pair returned home to Plymouth.
The Old Home Week meeting in the Mayor's office drew delegates from Charlestown Roxbury South Boston Brighton Faneuil Allston Savin Hill Harrison Square Roslindale Meet ing House Hill and the St. Alphonsus Association Roxbury and Savin Hill Yacht Club. Alderman Woods reported Brighton preparing an elaborate programme of literary events sports dedications and reunions with J P C Winship named as orator. Colonel W H Oakes said Charlestown is enthusiastic and supported free admission for visitors to the Bunker Hill Monument during Old Home Week.
A Boston financial agent proclaims the square deal as key to fair returns, criticizing 34 percent savings bank rates and urging higher deposit payouts. He cites rising bank rates, growing public trust, and ongoing sales of Sonora copper stock as proof that investors support his method. He promotes his publications and the Boston Daily Tribune as vehicles for a fair financial press.
Mayor Fitzgerald and secretary Joseph P. H. O'Brien denied an afternoon paper report that contracts were awarded without trustees’ consultation. They stated bids have not been considered and will wait for a meeting within days. Leonard D. Ahl to be elected board chairman.
Sadie Hendrickson of Jamaica New York fell ill on her wedding day May 9 and advanced toward appendicitis. Her fiancé William Beitel urged a rapid wedding then or the operation. Dr Wood and Rev Davison coordinated a last minute ceremony before an emergency operation at St Marys Hospital. The operation saved her life and her condition improved the following day.
Secretary Root called a meeting of the Christopher Columbus Memorial Commission for May 18 at the State Department to select a site and design for a Washington memorial funded by a $100,000 congressional appropriation. The commission includes the Senate library committee chairman, the Secretary of State, the Secretary of War, and the supreme knight of the Knights of Columbus.
Thomas W. Troy of New York was rushed to Miami in an automobile at top speed to prevent him from being lynched for killing George M. Newcomb, a prominent citizen. The incident occurred in a saloon shortly after Troy arrived from the steamer Cecilia at West Palm Beach.
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