Market dull with weak prices across Wall Street
The May 16 market report shows stagnation in New York trading with minimal volume. Major stocks drifted, unions UP and Reading fell, and copper and mining notes dominated after a quiet session.
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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
May 17, 1907
Page
12
The May 16 market report shows stagnation in New York trading with minimal volume. Major stocks drifted, unions UP and Reading fell, and copper and mining notes dominated after a quiet session.
The Boston Market reports daily stock and bond price movements with totals. Bond highlights include C B Q railroad 4s trading near 93 and Illinois Steel 5s around 99 despite ex-dividends. Listed and non listed equities show broad activity with total sales around 11,719 shares for listed stocks and 4,160 for non listed, plus bonds and rights.
Heavy fog delayed arriving steamers including the Boston and Prince George along the New England coast in the early hours yesterday. The United Fruit Co steamer Taunton reported eighteen hours of impenetrable fog on her trip from Nipe Bay, Cuba to Tong Wharf. The Leyland Line steamer Georgian is set to depart East Boston for London at 1:30 pm with a cargo of 72,000 bushels of wheat 653 head of cattle 400 tons of provisions 300 tons of flour 100 tons of lumber and other goods.
In Lynn Italian Colony Laureto Di Gravio is under arrest for the murder of Val entine Di Pietro at 43 Elmwood avenue after a night of quarrels. Di Gravio denies guilt while police detain three other witnesses including the victim’s wife. An autopsy confirms a single bullet caused instantaneous death.
Boston curb market shows focus on New York and Cuban Steamship Superior Pittsburg Rosario and Bradley with prices firm. Raven rights traded moderately from 10 to 14 cents as total sales and day to day fluctuations vary for each issue.
Chicago reports a sudden wheat surge lifting September to 1003-4 and December to 102, with July at 991-2, driven by fears of poor European and American crops from bad weather and insects. July gains 5 51-8, September up 41-2, December 5. corn and oats also rise while majors buy heavily then sell.
The Time the Place and the Girl faced a postponed debut as monkeys used with a hand organ caused cross language confusion. Managers sought English speaking owners after an ad failed to clarify requirements, sparking feuds among monkeys and Italian staff and stalling the production.
Senator W P Dillingham of Vermont leads the Immigration Commission leaving Boston to study sources in Europe. Members include Latimer Bennett Howell Wheeler and Lodge to join in Europe with Jencks and Neill at home. They plan a three month tour examining Italy Austria Hungary Poland and other nations to inform a new congress report.
J Bruce Ismay president of the International Mercantile Marine Company says no move to end the New York strike and will maintain current stance. Longshoremen Union secretary Conners confirms no concessions and that workers will stay in place at Hudson and Christopher streets ready to meet the company.
In Grafton New Hampshire two years after little Elwin Braley disappeared officers pursue Harry Wilkinson known as The Tramp. Citizens recall seeing Wilkinson near a wood lot where a galvanized sap bucket was found and linked to a cattle search. Detectives plan interviews and a wider town canvass to identify the bucket owner and locate Wilkinson.
A jury in the Charlestown Superior Court under Judge Richardson reported a disagreement over the will of George Ingalls who left 30 000. The testator gave 10 000 to Bridgton Academy 3500 to the Congregational Church South Bridgton 2000 to Winchester Home for Aged Women and the residuary estate to Hunt Asylum after small bequests.
In Utica on May 16 relatives of Cassville resident Charles Loomis identified a body from Seneca Lake as Loomis and buried it. The body turned out to be a stranger, thought to be Edwin B. Weitzell of Reading Penn, with head injuries suggesting murder.
The article argues for individual freedom to contract and for workers to form unions, criticizing the Employers' Association led by Mr. Hugo. It states support for legitimate unions and agents, denies hostility to organized labor, and rejects claims that the fight targets the closed shop.
Enthusiasm marked a meeting of striking team drivers seeking to form a cooperative teaming company to provide employment and weaken the struck firms. It was announced that a foreman from a struck firm sought entry into the venture and a large customer promised business to the foreman if joined.
The House adopted the railroad committee's resolve urging better train service from the Boston and Albany management after Rep. Charles A. Dean argued the lease harmed Boston business and called it a crime. Committee Chairman Wittum said the panel felt like spanking the Albany management until the issue heated up.
Senator Elmer A. Stevens committee on Ways and Means rejects a public opinion bill. The measure would authorize a vote at the next State election on electing United States Senators by popular vote.
Beginning tomorrow morning and continuing until further notice all cars on the Arlington Harvard square line will run to Park street subway and all cars on the Newton Mt Auburn street line will run via Cambridge bridge to a terminus in Hanover street Passengers on Mt Auburn street cars may transfer to Park street subway cars at Mt Auburn Harvard square and Brookline street Passengers on the Arlington line may transfer to Hanover street cars at Harvard square and Brookline street
Jackson news reports extreme heat has driven up dog bites to about 100 children. Mayor Clascow orders that dogs found at large be shot to curb the danger as children are kept indoors.
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