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This newspaper page contains 18 articles. Subscribers can read the full text of each article.
Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
May 11, 1899
Page
6
A market rally unfolds as investors heed a publication's guidance boosting stocks. Traders observe broad gains across sectors with notable moves in technology and finance shares as confidence returns to trading desks.
In a brisk trading session May 1, Central Massachusetts copper shares rose as improving crop and railroad earnings buoyed sentiment. The Washington Copper Mining Co increased capital stock to 100 000 shares with 29 000 new shares offered to record holders at 2.59 each. Treasurer Frederick T H Clark resigns from Wahaita Copper Co due to outside business pressures.
The article lists varied highest and lowest sales with closing bids and asks, mentioning stocks and prices in a dense OCR dump. It references Wilson W. Fay & Co. at State Street and notes listed stock and reported shares with dollar figures and percentages.
Opening and closing quotations appear garbled with scattered figures. The fragment mentions Wheat and Corn prices but readable data are missing or corrupted.
Boston financier Thomas W. Lawson, famed as a hedge operator, allegedly forced a market swing by buying Sugar and covering shorts. The article notes his year’s profits near 30 million, lavish purchases in Boston including a Winchester country house, real estate, a yacht, and a bid for a Boston daily, signaling his growing influence on Wall Street and copper markets.
Boston reports the thirty fourth annual meeting with treasurer William Brooks detailing receipts of 15 748.15 and investment income 14 567.03 against expenses 29 112.87. Cooper completes thirteenth year as superintendent amid sickness from contagious diseases. census figures show changes in children and families helped. officers elected include President M McPherson and Treasurer William G Wroeks.
Governor Wolcostt named Henry S. Dewey of Boston and George Wentworth of Weymouth as associate justices of the Municipal Court and Janely M. Thompson of Creenfield as judge of probate, to fill posts vacated by C. C. Conant's resignation. Dewey and Wentworth serve as special justices with $4000 salaries each under a recently passed law.
The passage describes a figure who on Monday and Tuesday moved three brokers on copper, each loaned $250,000 without collateral. New York seeks him, yet he ignores invitations, choosing to remain a modest outside operator in provincial Bo ge instead of joining the money centers.
City fiscal figures show a net debt reduction of 954 420 during the year, with gross debt at 82 971 270 72 and redemptions totaling 20 429 870 10. Inside and outside debt limits, pending loans include rapid transit, highways, sewerage, and schoolhouse projects, while departmental appropriations and expenditures tighten remaining funds.
A stalled legislative session lingers over a pressing problem as leaders debate possibilities. The chamber faces a long wait with no clear remedy or immediate passage expected.
House and Senate spent long sessions on tax issues. The House refused to substitute the personal property assessment bill and adopted the taxation committee report. Debate covered alien assessors and protection against tax dodging, with votes recorded on multiple bills affecting foreign corporations and exemptions.
The Vicksburg returns from a voyage to Trinidad and the West Indies visiting Santiago Guantanamo San Juan and other ports. Officers include Captain Lilly Lieutenant Cresan Ilish and Engineer Offley. The ship carried seventy six apprentices and an equal number of sailors and firemen. One shell damaged rigging but no serious harm. The crew awaits prize money from Oriente Ana Pain and San Fernandito. The vessel may stay about a month.
The report notes discussions on exempting stocks while horses and other personal property were taxed. Mr Mellen of Worcester attacked the Jefferson Coolidges and others with large foreign stock holdings. Mr Newton of Everett closed for the report of the committees and it was accepted almost unanimously.
Worcester figure Mr Washburn opposed the House bill taxing legacies and successions. He argued the measure is not offset by removing the tax on intangible property and may be unconstitutional. Supporters claim relief for tax dodgers and benefits to manufacturers and towns, but the tax rate is low and may not reduce overall burden. The bill, projected to yield about 3 million annually, was refused a third reading.
Worcester’s Mr. Johnson backs a constitutional amendment to allow civil cases verdicts by non unanimous juries. Chelsea’s Mr. Howland cites reserved public rights while others push to seek voter input. The House nearly rejected the measure as debate continues. Norfolk’s Mr. Williams urges delaying the half million highway bill for scrutiny. Essex’s Mr. George says district favoritism could aid passage. bill set for Monday. Pittsfield’s Mr. Tolman opposes extending workingmen’s trains into Boston to seven day parts. Dean of Wakefield argues modern conditions justify changes though critics say railroad commissioners should decide. Boston’s Mr. McCarthy contends merit first. Dean cites 8 AM shifts for workers and higher weekly rail costs. The Railroad Commission reportedly opposed the measure. season ticket savings cited. Adjourned without a vote.
The Count Dorias sale of paintings and bronzes closed at 260000 dollars. Daumier fetched 954 dollars, while W A Clark paid 360 for Corot and 6090 for Lepine. Notable attendees Archbishop Ireland Speaker Reed Vanderbilt and Countess Castellane attended but bought nothing.
The Federal Trust Company begins operations on So MHK street under Hon Joseph by O Neill as president Josiah S Dean as secretary and David Jon rears re as secretary. Directors include prominent local merchants and business leaders. Capital stock Mayo oversubscribed three times signaling strong city confidence. Mr Neil Dean Bates are noted figures in finance with Bates from a leading Boston bank. Telephone number 2284.
An antique ad touts Dean's Ointment as a cure for sleepless days and nights of discomfort. It claims quick relief from piles and urges customers to buy at local drag stores for 50 cents.
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