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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Nov 12, 1907
Page
10
Boston University Law School students held a mass meeting to improve faculty student relations. They propose uniform conduct rules for clerks, full attendance credit for postponed lectures, delivery of telegrams to students, careful mail delivery, and timely notices to students in recitation.
Mary W Logue of Somerville held on grand jury charge after failing to post bail. Cram, Milliken & Co sued for extortion over a letter claiming he is father of her child. Judge Sheldon ordered notice to show cause for writ of habeas corpus returnable tomorrow morning.
The Democratic State committee met and decided not to seek a recount of the governor election results from the prior Tuesday. Party officials stated confidence in the announced totals and pledged to support the governor’s administration.
A motion was filed in the U S Circuit Court to remove Alexander P Browne as master in the Houghton vs Whitin Machine Works suit and to appoint another. Browne had inspected thread boards at Fall River Iron Works on Oct 2 alleged to infringe patent 12 263 issued Aug 23 1904. W A Jenner argued the motion before Judge Lowell who took it under advisement.
Market activity remained firm as sentiment improved over the weekend. Traders lifted Union Pacific Reading Southern Pacific and Amalgamated with notable gains while gold imports totalled 51.2 million dollars and bank credit expansion eyed at about 120 million dollars.
Boston Holy Development Company directors urge forming a Maine corporation as Boston Ely Mining Company with 200 000 shares. Assets to be exchanged for 165 950 shares, old company dissolved, new stock issued to current holders, and a 15 cent per share assessment proposed. Boston Ely trades 75 to 80 cents on the curb as gold engagements affect banking positions. London denies a New York Times copper pool story. currency demand in New York remains strong with high lending premia.
The Boston curb market on Exchange Place November 11 saw Consolidated Steamship bonds rise 2 3-8 points to 10 8-4, with steamship stock up 1-8 to 3-4. Davis Daly gained 1-8 to 4 1-8 and Giroux moved 1-4 to 3 1-4 while Superior & Pittsburg rose 1-8 to 9 1-2 and Shawmut up 11 cents to 41 cents. Boston Corbin fell 1-4 to 8 3-4 as the curb list fluctuated.
Wall Street observed a modest rise as commissions reported orders from dormant sources and margin ventures possibly resurfacing. Short-covering and scarce supply pushed higher quotes in a few high grade issues, but overall trading remained stagnant with no sustained buying to push the market higher. Investors wait for clearer signs while banking indicators reflect the recent New York shock.
Former Secretary of the Treasury Shaw tells the New Haven Chamber of Commerce that the US currency is non elastic and that its volume should respond to trade needs. He discusses potential bank note issuance tied to bonds, the role of the comptroller, and risks of unnoticed increases in circulation.
October copper production at the Lake Superior mines was 18,853,406 pounds, down from September’s 18,897,920 pounds. For the first ten months of 1907, Lake mines production exceeded the same period in 1903 by over 9,000,000 pounds.
Jesse Newton Seal manager of the northeast lines of the Southern railways died at George Washington University Hospital in Washington D C on November 11. He was a longtime railroad executive and a prominent figure in transportation circles.
Medford Nov 11 Irish bazaar of Division 4 A O H and Division 18 Toadies Auxiliary opens at the opera house tonight and runs through the week ending with a New England barn dance Friday. Proceeds aid sick and death benefit funds. Speeches by state A O H president and other leaders. Four named tables honor Daniel O Connell Robert Emmett George Washington and Theodore Roosevelt with prize games and exhibits.
Thomas J. Giblin, a Democratic candidate, opened his campaign in East Boston against incumbent Salem D. Charles. He calls for younger leadership and rotation in office, releasing an open letter criticizing Charles nine years in the post and pledging party service 365 days a year.
Brockton November 11 A group of lasters once employed by the W L Douglas Shoe Company who voted to end their strike last Saturday applied for their jobs today but none were rehired The firm cited its satisfied present crew of lasters and held no openings for the former workers
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