Offer Good Through January First Nineteen O seven
A limited time offer runs until January 1 1907. Details specify a deadline for accepting the deal and the validity of pricing or terms.
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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Nov 09, 1906
Page
12
A limited time offer runs until January 1 1907. Details specify a deadline for accepting the deal and the validity of pricing or terms.
Eleven indictments were handed to Judge Lochren in federal court accusing railroads of issuing rebates and grain firms and individuals of receiving them. The Great Northern led with four indictments and about 75 counts, followed by the Chicago St Paul Minneapolis & Omaha with one indictment and 50 counts. Also charged were Wisconsin Central and Minneapolis St Louis railways, plus several receiver firms including Spencer Grain Company. Individual railroad officials were indicted though their names were withheld. Further investigation is planned as the term ends.
Wall Street receded to mid simmer business with slight price effects and money at 10 percent. The Hill stocks and Reading showed notable moves while Union Pacific and copper shares fluctuated on earnings, earnings surplus, and potential government aid. Banks and London trading remained light as market closes weak with several leading stocks down.
The Boston Market records the day’s course of stock and bond prices with the total rate clearly tabulated. The notes reflect market movements and the ending figures for the session.
Interest in the Cobalt properties out ranked other districts with Silver Leaf at 31 200 shares priced 26 to 37 cents. Silver Queen traded 10 38 shares at 8 to 314 cents, followed by Superior Pittsburg at 275 with 4049 shares, New England Gold Copper at 60 cents, and Butte New York up 1g points to 85 cents.
In Chicago on November 8 Paul O. Stensland president and Henry W. Hering cashier of the Milwaukee Avenue State Bank testified about forged notes used as collateral. Francis Peabody’s $10,000 signature was admitted forged and Hering identified other forged notes. Stensland noted account No 409 contained $200,000 in forged notes.
Gypsy Smith’s revival at Tremont Temple drew a capacity audience with many men in attendance. He argued that the greatest sinners are often those in fine dress and large houses, and the evening was highlighted by enthusiastic singing and a lively choir participation.
The Massachusetts General Court heard a major session on savings bank insurance at the State House. Louis D. Brandeis argued that savings banks should offer insurance, noting the vast funds held by insured workers and the high costs of industrial insurers. Supporters urged “over the counter” insurance with premiums paid via wages or through employers, while critics warned it benefits thriftier citizens less. Several business leaders and legislators endorsed the reform as a needed change. no opposition from insured men was voiced and the hearing closed.
Water Front Commission members and Bristol Ing docks manager F Girdlestone, visiting Boston to forge closer ties, dined with Mayor Fitzgerald at Youngs Hotel. Former Harbor board chair Woodward Emery attended. Girdlestone heads to New York before meeting Boston Merchants Association directors to discuss a Bristol Boston steamship link. Next Water Front Commission meeting set for Nov 13.
A mortgage of 12,000,000 from the Lake Shore Southern Railway to Knickerbocker Trust of New York was filed in Milwaukee. The loan funds a proposed 200 mile railroad between Madison Wisconsin and Huron Bay on Lake Superior with construction to start soon.
The United Fruit Company steamer San Jose, captained by William Owen, arrived at Long Wharf at 7 30 last evening delayed by head winds. On board were saloon passengers including Professor E K Rast of the Smithsonian Institution and his brother Miles Rast who had been touring Costa Rica.
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