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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Oct 04, 1902
Page
10
Vermont on Sept 2 favored the General Assembly framing a local option high license bill to be submitted to the people for adoption or rejection. Percival W Clement drew the local option bill, introduced in both chambers this afternoon as the Legislature adjourned until Tuesday afternoon.
The October exhibition of fruits and vegetables will be held at Horticultural Hall 300 Massachusetts avenue on Friday and Saturday Oct 3 and 4. Admission is free. The annual meeting for electing officers and standing committees will be held Saturday at 1 o'clock.
The New York market swung after a rumor that Comptroller Ridgeley overruled Secretary Shaw on national banks reserve requirements, then recovered following official denial. Copper Range and Massachusetts Gas moved, while copper stocks showed an improving undercurrent amid speculation of future consolidations and growth.
A false report claiming Comptroller Ridgeley overruled Secretary Shaw sparked a quick stock rout in New York and a Boston panic as traders dumped blocks of shares. Denials from banks and officials followed, with little impact on government securities and a late rally near the day’s end.
The Oct 3 reports show the Comptroller Ridgeley denying overrule claims on government deposit reserves, stressing joint discretion with the Secretary of the Treasury. Trade signals from New York reflect improved shipments, lower stocks, higher wages, and rail earnings up, with cotton and wool trends mixed but overall favorable expectations for late 1902. Bradstreet's notes a resilient fall trade, high crop movement, and strong business conditions despite some regional variances.
Boston reporters note today’s top and bottom stock movements on the New York Stock Exchange railroads sector with closing bid and asked prices recorded.
Frederick Betts of J M Fisher & Co was found guilty on all nine indictments charging use of the U S mails to defraud. The jury returned verdicts at 5 pm after brief instructions from Judge Lowell. Defense plans appeal. bail likely to be raised to ten thousand dollars at next hearing.
Former Congressman H. H. Atwood declared yesterday that he is not a candidate for the Republican nomination in the 10th district.
A man lost his footing on a moving vehicle and fell. It is feared he sustained internal injuries.
James Ray aged 17 of 29 Law rence street Charlestown was run over at the corner of Salem and Tileston streets yesterday morning and may be fatally hurt. The youth worked as a milk wagon driver and was injured in the street accident.
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