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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
May 21, 1901
Page
8
The New York market moved with normal traits Monday May 2 as open ing fell then steadied with largely floor-driven action. News centered on a machinists strike and a proposed stock increase by American Telegraph and Telephone Company while strong bids supported Gould stocks and coal issues.
Boston stock market figures list the day’s highest and lowest prices, along with the closing bid and stead prices, reflecting the day’s trading activity. The report notes market fluctuations and key price levels at Sted.
George Plumer Schmidt, age 21 and a former Princeton student, claims the title of world’s youngest full fledged stock broker after paying $71,160 for his New York seat, the highest price ever paid. Ex dividend, second instalment paid. Life listed stocks total 28,641 shares valued at $60,100. Unlisted stocks 10,449 shares, bonds $1,400.
Harvard sophomores and freshmen staged a raucous annual baseball clash on Soldiers Field. Cannon crackers mud and gunfire disrupted play as Alexander the freshman pitcher held firm amid chaos. Game ended in darkness with the freshmen leading and both sides suffering few injuries.
Great interest surrounds the 25 mile motor paced race at Cheries River Park with Pierce McEachern and Stinson as principal contenders. McEachern, praised for his workout, leads a crowded field while bets favor his victory despite Stinson’s form.
The Cadilac Hanley yacht nears launch for the Canadian Cup defense. The vessel, built for the race, is nearly finished and expected to launch in about ten days. Detroit crew members are anticipated to attend the event as witnesses.
Leaders of the national machinists strike say momentum favors them as many firms capitulate overnight. In Boston area about 400 strikers won concessions, reducing the total to around 1180, with more firms expected to grant demands today.
Reports show several Boston firms agreed to nine hour shifts and wage boosts, reducing active strikers to about 1180 while hundreds of sympathizers remain in shops. Key settlements include Consolidated Machine Specialty, Poland Laundry, Consolidated Button Fastening, and Tubular Stud works with others in United Shoe Machinery. Cambridge and Roxbury shops stand firm or face management actions as talks continue.
About 60,000 machinists nationwide walk out seeking a nine hour day wage scale matching the ten hour rate and other terms. Rails largely unaffected though some shop and local union actions occur. statements note arbitration and union representation while progress varies by city and firm.
In Rochester on May 20, about 260 machinists joined a labor stoppage, while 600 street and building laborers began a walkout demanding higher wages and union recognition.
At a regular meeting of Brass War Union No 65 last night it was reported seventy four finishers at Hancock Inspirator Company and Ball Bearing Company Roxbury struck yesterday in sympathy with machinists out on strike bringing total to about 150. Jamaican Plain American Steam Company workers were granted a nine hour day yesterday. A smoke talk will be held next Monday evening at Bartenders Hall near the Columbia Theatre inviting all workers in brass and metal trades.
The joint committee on Labor Day formed by delegates from the Central Labor Union and Building Trades Council organized last night in the C LU Hall. Joseph H. Post was elected chairman J K R Crozier secretary and William J Joyce treasurer. The meeting adjourned until next Monday night.
In San Francisco on May 20, employees at Union Iron Works joined a strike wave. Workers reportedly walked from their benches amid wider labor action. The yard had recently launched the battleship Ohio and had seen a presidential address to workers two days earlier.
In Pittsburg on May 20 the Oil Well Supply Company and the American Steel and Wire Company signed the scale. Hays Patterson and the Oliver Iron and Steel Company and Pittsburg Shafting Company refused to sign. For this district 104 firms employing nearly 4 machinists have signed the scale and workers are at work.
The Sharon machinists strike spread from South Sharon to all works in the area with most machinists out. Machinists at Sharpeville and West Middlesex also left their posts. In Oil City, machinists remain at work as establishments largely meet international union demands.
Except for about one hundred moulders helpers who refused to work, the St Louis metal workers show no sign of a general strike as of today after wage and hour demands were not met.
In Schenectady New York on May 20 machinists in the city’s large industries were at work and free in the big industries here is anticipated.
In Buffalo on May 20 machinists in Lehigh Valley Railroad shops began a strike demanding a nine hour day with ten hours pay. Other shops idle. unclear if holiday or strike due to civic day.
In Keene New Hampshire May 20 none of the machinists at the Boston and Maine railroad shops nor other local Keene shops struck. No strike orders had been issued and city shops were reported running as usual.
Hyde Park machinists employed by John Robinson here have been notified of a 54 hour weekly schedule with pay for 57 hours. The arrangement is satisfactory to the men.
About 400 machinists at Worthington Hydraulic Pump Company in Brooklyn struck but returned to work after the superintendent promised to submit their demands to the board of directors.
Auburn May 20 There is little sign of a strike among machinists in Auburn New York. McIntosh Sey mour Co engine makers who employ the largest number in the city acceded to the...
Cleveland D May 20 reports up to noon today fourteen local concerns had granted the demands of the men.
A combined Harvard and Boston lacrosse team meets Crescent A C of New Jersey at Bay Ridge Long Island next Saturday. Boston club to pick six players from Ellis Finlayson Jones Crowhurst Ferrin Ferrin Barnes Hall. Harvard lineup includes Wynne Guggenheimer Hardy Goddard Mitchell and Seaver.
King Edward will arrive today to sleep aboard the Erin and watch the Americas Cup trial race between the Shamrock I and Shamrock II on Tuesday. Lipton has refurnished two deck cabins for the King, hired a special chef, and arranged meals on board. Lord Suffield is expected to accompany the King with possible attendance by four ladies, though no firm plans exist.
The Fifty-second Anniversary of the Children’s Mission to the Children of the Destitute will be held at Arlington Street Church May 22 in the afternoon. A brief report of the work of the past year will be given by the secretary. Addresses will be made by Mrs. Alice Treeman Palmer of Cambridge Rev James Ball of the First Church Boston Rev John Suyde Wellesley Hills and Rev J Worsley of Cambridge. Organist Mr B L Whelpley. The program includes a poetical recital for destitute children. Aldwin President. Christofuien Rep1ot. Sac
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