Market Shifts as New York Stocks Close Strong
The New York market showed dull trading yet overall strength with notable gains in Delaware, Lackawanna & Western and Delaware & Hudson. Union Pacific rose near 8 points, Atchison held strong, and Lazard Freres plans to ship 1.5 million in gold Thursday while Union Pacific interests reportedly buy Southern Pacific.
MENTIONED IN THIS ARTICLE
New York
Delaware, Lackawanna & Western
Delaware & Hudson
Union Pacific
Atchison Common
Lazard’ Freres
Southern Pacific
Chicago, Burlington & Quincy Railroad Company
Directors Propose 6 Percent Dividend on Preferred Stock
Stockholders face a compromise offering 35 percent of accumulated dividends as the board plans to reduce the rate from 8 to 6 percent. The payment to settle totals about 7.91 million dollars, and accepting the proposal would imply consent to the lower rate.
MENTIONED IN THIS ARTICLE
Pinkhiham
Supreme Court Adjourns for October Term
The United States Supreme Court adjourned after a three minute session until the second Monday in October. The two remaining insular cases, including the fourteen diamond rings importation case from the Philippines and the second Dooley case on exports to Porto Rico, were not acted upon and will go to the next term.
MENTIONED IN THIS ARTICLE
Washington
United States Supreme Court
Philippines
United States
Porto Rico
St Louis and San Francisco Refunding Plan Announced
The St Louis and San Francisco Railroad seeks to readjust and refund its bonded debt with a fifty year gold refunding mortgage totaling 40,000,000. Refunding bonds will be secured by first lien on 1902 miles of railroad and equipment, with Seligman & Co. managing a 30,000,000 sale and a 20,000,000 underlying bond exchange. Underlying bond holders must deposit by July 6 to participate.
MENTIONED IN THIS ARTICLE
St. Louis & San Francisco Railroad Company
Pacific
St. Louis
San Francisco
J. & W. Seligman & Co
Morton Trust Company
New York City
Old Colony Trust Company
Boston
The
Union Trust, Company of
Seligman Bros
London
Seligman & Stettheimer
Frankfort
Berliner Handelgesellschaft
Berlin
Seligman, Freres & Cie
Paris
Alsberg, Goldberg & Co
Amsterdam
Ae Om Iptore
Doukobhors Opposed to War Lean Toward Emigration
The Doukobhors, pacifist Quakers of Russia, oppose all warfare and drew Tolstoy’s strong appeal. Many Doukobhors are emigrating to Canada seeking peace and refuge.
MENTIONED IN THIS ARTICLE
Russia
Tolstoy
Boston hearing on street widening and hospital bill
Commonwealth of Massachusetts announces a hearing by the Committee on Cities at the State House Boston on May 27 1901. The hearing covers House Bills 1398 and related measures authorizing the Boston Board of Street Commissioners to widen Walter Street and to take park land, and authorizing Boston to maintain a hospital for chronic disease care. The session is set for 10:46 a m in Room 444 with House Chairman Brigham presiding and Frank W. Were ReLaAL listed as involved.
MENTIONED IN THIS ARTICLE
Commonwealth
Massachusetts
State House
Boston
Committee On Cities
Thomas N. Hart
Board of Street Commissioners of
Walter Street
City of
O'Cock A. My
Brigham
Frank TT
Were Relaal
New Tariff Planned for the Philippines
Washington May 2 Interest in Supreme Court decisions centered at the War Department today. Senator Lodge and others pressed Secretary Root on Philippine governance and a new tariff plan. A provisional Manila draft favors an ad valorem limit with specific duties retained, set at 15 percent for essentials, 20 percent for less needed goods, and higher for luxuries, with a 16 percent cap on metal goods and 20–30 percent for fine items. Free trade may be declared in October.
MENTIONED IN THIS ARTICLE
Washington
Supreme Court
War Department
Root
Lodge
Massachusetts
Philippines Commission
Senate
Congress
Philippine Islands
Philippine Commission
Manila
Difk
Cabinet weighs Supreme Court rulings on insular cases
In Cedar Rapids May 28 the President and Cabinet discussed Supreme Court opinions on insular cases. A De Lima ruling could force refunds of duties on Puerto Rico and, if applied to the Philippines, open ports until Congress acts. Implications include fear of revenue loss and possible extra sessions, with officials weighing dangers of Philippine imports and sugar tobacco impacts.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Supreme Court
de Lima
Congress
United States
Porto Rico
Philippines
Spooner
Downes
Griggs
Porto Rico Delays Free Trade Hope After Court Ruling
Porto Rico merchants react to the Supreme Court decision on Dingley duties deeming imports to the United States 16 percent tax unconstitutional. They call for an extra session of the Porto Rican Legislature to declare self-supporting status and end customs receipts, while lamenting broader constitutional questions and potential impact on internal revenues. Local bank and sugar interests express mixed views on U S taxation.
MENTIONED IN THIS ARTICLE
United States
Pathe
Supreme Co
St Richards
Supreme Court
Pero
Sina
Democratic Party
Porto Rico
Philippines
South America
Canada
Fitzgerald
Congress
Union
Foraker
Great Britain
Republic
San Juan
de Lima
Orto Rico Free Trade
Citi P
J. J. Silva Banking Company
Fritze Juundt Company
Portoco
James Jarr
Porto - Rico
New York
Rei Scotas
Ali
I .Reede
Baxween
Porto
Insular
Kopaielerure
Rico
Allen Seanar
Hollander
Supreme Court ruling eases U S annexation policy
London papers note the insular cases decision leaves Congress free to govern annexed territories as it pleases. The St James Gazette calls it a legal fiction that aided U S development and suggests the ruling helps McKinley era policy and might resolve post Spanish War issues.
MENTIONED IN THIS ARTICLE
London
United States Supreme Court
Congress
St. James
McKinley
Cabinet telegram honors Griggs after Supreme Court ruling
The Cabinet on the presidential train sent a telegram to former Attorney General Griggs congratulating him on the Supreme Court sustaining his argument. The message from Hay Wilson Hitchcock and Smith says the decision compensates months of hard work.
MENTIONED IN THIS ARTICLE
Boone, Ja
Griggs
Supreme Court
Hay
Wilson
Hitchcock
Smith
Roosevelt Pleased by Supreme Court Insular Decision
Vice President Theodore Roosevelt, a passenger on the Lake Shore Limited, said he was very pleased with the Supreme Court ruling on the insular cases and declined to comment further.
MENTIONED IN THIS ARTICLE
Syracuse
N. Y
Theodore Roosevelt
Lake Shore Limited
Supreme Court
Secretary of Korag Comment on Supreme Court Insular Decision
The secretary, in Colorado City, said the Supreme Court ruling affirms Congress power to legislate for territories and insular possessions and declined to discuss the matter further. He did not elaborate beyond noting the decision’s significance.
MENTIONED IN THIS ARTICLE
Richard Olney
Moorfield Storey
Olney
Colorado
Korag
Supreme Court
Congress
No Change in Philippines Customs Rule Maintained
Treasury officials decide no insular decision requires the U S government to alter Philippine customs administration. Duties will continue to be collected on imports from the islands as before until a court verdict makes the islands legally the same as Puerto Rico under U S rule.
MENTIONED IN THIS ARTICLE
Philippines
Washington
Treasury
Philippineslands
United States
Porto Rico
Secretary Root Comments on Court Decision and Foraker Act
Secretary Root is quoted saying the court sustains the administration's decisions on the Spanish islands since the Paris treaty. He notes the Foraker act shows Congress can legislate without constitutional limits for the islands and that uniform duties provision does not apply. The decision, he says, is gratifying.
MENTIONED IN THIS ARTICLE
New York
Root
Washington d
The
Tribune
Congress
Ports grant piloted coasting trade tax exemption
About $10,000 will be saved annually by vessels engaged in the Porto Rican trade through a ruling that they are in the coasting trade and thus exempt from pilottage charges at touching ports, provided masters are properly licensed as pilots at those ports.
MENTIONED IN THIS ARTICLE
New York
Boston Importers Puzzled By Supreme Court Decisions
Boston importers and Massachusetts congressional leaders, along with business figures, struggle to interpret two Supreme Court decisions. The ablest constitutional lawyers in Boston read the opinions and seek the full scope of the rulings.
MENTIONED IN THIS ARTICLE
Massachusetts
Boston
Supreme Court
Local Official Delays Enforcing Tax Ruling
Collector Ly man weighed the nions and admitted uncertainty after two court rulings on the same day. He planned to await Treasury Department guidance before enforcing the law, leaving the possibility of refunds unsettled.
MENTIONED IN THIS ARTICLE
Lyman
Post
Treasury Department
Puerto Rico decision sparks mixed reactions from lawmakers
Congressmen Roberts Greene and De Lima comment on the Puerto Rican act ruling. Roberts calls it a victory for the administration and urges study. Greene hails common sense and supports legislative flexibility. Reactions emphasize continued debate over imperial policy and governance.
MENTIONED IN THIS ARTICLE
Congressman Roberts
Congressman Greene
Fall River
Congress
Ie de Lima
Steed
Paving division inspectors doubled to speed street repairs
Superintendent B T Wheeler doubles the paving division inspectors from ten to twenty to catch holes and defects early. Each district now has an inspector responsible for weekly sweeping coverage, covering 20 districts with named inspectors in South Boston East Boston Roxbury Brighton Roxbury Back Bay and West End.
MENTIONED IN THIS ARTICLE
B. T. Wheeler
Mr. Wheeler
Charles J. Regan
Dennis Be Sullivan, Jr
South
Boston
James N. ‘ Nan
East Boston
Fred M. Kimball
Harestown
John McNamara
Brighton
Wallace
Irving H. Gilder
Roxbury
Ohn Nutley
John C. le Rouche
Art K. Paradise
South End
William Devitt
Back Bay
Ariel M
I. el Hurley
Frederick M
Gen
Sullives
Jenkins
Laws
Ryan
Pact Afa
Also Mentioned on This Page
New York Central
Arnings
Lackawanna & Wabash
Gould
Rockefellers
Lackawanna
Wabashi
of Boxton
National Shawmut Bank
Pullman Company
Colorado Fuel and Iron
American Sugar Refining Company
Boston News Bureau
Boston Sugar Inter
Arbuckle
lSc
Richens OG Sok
Tahoe
Aubrey
Heinze
Eaek i Ores
Eepany
Tiy
Oeey 6
Butte
Montana
Tf Amalgamated
Igred
Herarchy
Heinze Princhén
Pate
Amalgamated
Bos- 4
Ange
Quincy
TM Mountain
W&s
Utah
Poventore
Trinity
Mohawks
Loeb & Co
J. P. Morgan & Co
Tamarack Mining
Peat Divin
Chancery Chambers
Eek Head
Stevera A
Cisca
Et Lpia
Calumeta
Eine Crescent Oil
We Ee
Boston Stock Sales
Neers
Ate
Bell Tel
Eis
Ry & Br
NE Gas & Coke
Am Tel & Tel
Anaconda Mining
Bingham Mining
Bonanza
Boston Boston
Maine
Bos & Mon
Boston & Prov Butte & Bos
Cal & Hecla Mining
A Chi Ind & Lu
Cochiti Mining
Cal Southern
I Con Mercur
da Range Mining
Elm River Mining
Franklin Mining
Gen Electric
Isle Royale Mining
Bee Ee c
Ween Eoees
Ibe
Mergenthaler Lin
Michigan
Tel NY
Domin
Osceola Mining
Paret Mining
Cee Co
Cy Mini Es
Island
Santa Fe Mining
Standard
R & Ae Trimountain
Trinity Mining
Union Pacific Coe Severe
United Fruit
Victoria
Wyandot Mining
Nbing & Ref
Brooklyn Rapid Transit
Colorado Fuel & Iron
Ae Consolidated Gas Fe
Continental Peers
General Electric
International Paper
International Power
Republic Steel
Graciosa Ol
Southern Pacific Railway
Pacific Coast Railway
C. P. Huntington
Reginaldv. Nuttall
Huntington
Nuttall
Graciosa Oil Co
State Street
Room
ST@CK EXCHANGE
Chi
Delaware
Nedson
Dever
Pes Grande
Valley
Illinois
Iowa
Manhattan
Louisville
Nashville
Exican National
Saeete
Miny & St Louis
Mb & T. Werner
New Jersey Central
Contra
Eeovens
Neer & Western
Sone
Pennsylvania
Ontario & Western
At Touts
San Fran
St Louis
St. Paul
Ramares Bellway
Texan & Pactite
St Louis & West Pee
Sneer
Wiresusin Central Estes
Soi Ash Ag
Diamond Ring
George H. Ly- Man
Dingley
Congreseman McCall
Congressman McCall
Ways and Means
McCall
Congressman Naphen
Naphen
Edward Atkinson
Edward Attkinson
George S. Boutwell
American Union
Robert M. Morse
Supreme Bench
Nority
Nelson B. Clark
Nelson R. Clark
New Engand
Porto’ Rico
Peru
Aenere
Meg Hellander
M’kinley
St. James Gazette of
Roosevelt
Long
M'Kinley
Caus Tidus
Chickering
Samuel W. M'Calia
Francisco
Porto Co
Port Rico
Congresaman Conro
Wheeler
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