Market Decline Pressures Wall Street After Vanderlip Speech
Stocks sunk in heavy trading across exchanges with large margins down in industrials and rails as London and New York reacted to Vanderlip's remarks. Amalgamated Copper and St Paul led losses while Amalgamated, Reading, Union Pacific, and Erie saw notable moves. Trading ended irregular with pockets of strength and a firmer money market along with inflationary hopes revived by cautious optimism among bankers.
MENTIONED IN THIS ARTICLE
Wall Street
London
New York
Bankers’ Convention
Vanderlip
National City Bank
Washington
St. Paul
Stock Exchange
Chicago
Wisconsin Central
Erie
Northern Pacific
Great Northern
Reading
Union Pacific
Pennsylvania
Steel Common
Wall Heads Copper Fight Sways in Wall Street Rumors
Col E A Wall travels from Salt Lake to New York amid talks he will join the American Smelting interests and participate in new securities. Utah Copper stockholders set a October 17 meeting as Wall’s suit may be withdrawn if his stake is preserved. Calumet Arizona’s nine month copper output reached 93,716,000 pounds, down from last year but up from 1903, with expectations for stronger year end. Bond markets seen improving as money rates rise, with buyers from savings banks and insurers reinvesting October funds in solid corporates. Rumors from Houghton claim Calumet Hecla may seek option on Phenix property though no confirmation, while Phenix vein profits lag and other veins lack bearing ore.
MENTIONED IN THIS ARTICLE
Calumet & Hecla
Keweenaw County
Michigan & Arizona Development Company
Helvetia Copper Company
Pima County
Arizona
William A. Paine
Helvetia
Homestake Mining Company
New York
Union Pacific
South Omaha
Elkhorn
Rhode Island
Kearsarge
Houghton
Thomas Hoatson
Calumet & Arizona
North Butte
Wall
Exchange Place
Utah Copper
Colonel Wall
Richardson, Hill & Co
Towle & Fitzgerald
Troy Manhattan
Bisbee
Bay State Gas
Mining and Stock Exchange American DeForest
Copete
Treadwell
Montreal
Boston
Troy- Manhattan
Utah Apex
SOULE
State Street
Guggenheim
Phenix
St. Clair
Market Notes on Installments and Asset Listings
The Boston Market reports installment payments and assessment aid. It lists principal holdings including listed stocks at 84 422 shares, bonds worth 86 500 dollars, and unlisted stocks at 8396 shares.
Dividends Payable From Mining and Railroad Firms
Dividend notices list Homestake Mining Company and Coast Company paying quarterly dividends. Northern Pacific Railway announces a 1% per cent rate payable November 1. Also mentions a first preferred share and other quarterly disbursements.
MENTIONED IN THIS ARTICLE
Homestake Mining Ceperfice Ci Co Oe Ae ¢ Coast Company
Perorthern Pacific Ratilwa
Bankers Endorse Ship Subsidies Policy
The American Association of Bankers adopted resolutions urging government ship subsidies. They pledged to lobby for a subsidy law to boost the American merchant marine amid concerns over commerce growth and declining shipping. Officers elected included President John L. Hamilton and Vice President C. S. Whitson with an expanded executive slate.
MENTIONED IN THIS ARTICLE
Washington
American Association of Bankers
Executive Council
Association
John L. Hamilton
Hoopston
Ill
Chamberlain
Meriden
Conn
Edward P. Metcalf
Providence
R. I
H. M. Batchelder
Salem
Mass
Wheat and grain prices ease then rally on demand
Chicago grain despatch reports a natural reaction in wheat with early 4c profit taking, then a rally as Russian, Volga district issues and continental strength push prices higher. May wheat touched 87% to 87% with December at 85% to 86% while corn eased and oats traded actively on export and spring demand.
MENTIONED IN THIS ARTICLE
Chicago
Volga
Budapest
Corbett Breaks With Charlestown Machine Over Mayor Battle
Joseph J. Corbett Charlestown leader splits from the city machine and the board of strategy amid reported plans to unite against any mayoral challenger backed by Lomasney and the Democratic machine. Corbett heads to New York to discuss with Congressman John A. Sullivan as Dolan seeks unity to aid a machine candidate.
MENTIONED IN THIS ARTICLE
Joseph J. Corbett
Charlestown
City Machine
Board of Strategy
Corbett
Lomasney
John R. Murphy
Murphy
Firemen Commended for Loyalty and Courage
Fire Commissioner Wells issued letters of thanks to Captain M. Heffernan of Engine 18 and Michael B. Mulcahey of Ladder 7 for responding to an alarm on their day off. Also commended were Hoseman William J. Hickey of Engine 18 and Assistant Chief Holmes for similar acts. Assistant Engineman John H Johnson of Engine 25 was recognized and granted another day off after stopping horses attached to Ladder 10 on October 7 following the driver being thrown from his seat.
MENTIONED IN THIS ARTICLE
Wells
M. Heffernan
Michael B. Mulcahey
William J. Hickey
Holmes
John H Johnson
Trial in Germany awaits Heilbronn arrest
Hugo Heilbronn, seized as a fugitive from Germany on September 9, appeared before Commissioner Fiské and was ordered held at Charles Street jail pending deportation papers from the State Department. No hearing on merits occurred, as treaty requires only formality for documents.
MENTIONED IN THIS ARTICLE
Hugo Heilbronn
Germany
Fiské
Charles Street
State Department
Consolidated Railway Control 26 Lines
The Consolidated Railway Company shows 26 lines with 15 constituents, five leased, and six controlled lines. Total investments amount to $37,190,220 and recent extensions bring total mileage to 588.
MENTIONED IN THIS ARTICLE
Consolidated Railway Company
Électric
New York, New Haven & Hartford Railroad Corporation
Calais Boat Building Plant Destroyed by Fire
The Davidson Bros. boat building plant at Ferry Point Calais Mo burned tonight along with valuable patterns racing shells and unfinished boats. The facility produced many racing yachts in New England waters. Loss amount unknown.
MENTIONED IN THIS ARTICLE
Calais
Davidson Bros
Ferry Point
New England
Merchants of New York Urge Action on Insurance Funds
The Merchants Association of New York adopted resolutions asking the New York County district attorney to seek an indictment against life insurance officers who funded political campaigns. It also calls for civil action by the attorney general to recover the contributed funds and to urge reconsideration of not convening an extraordinary grand jury session.
MENTIONED IN THIS ARTICLE
New York
Merchants’ Association of New York
New York County
Merchants’ Association
Jerome
Vacancies in Equitable Board Remain Unfilled
Ex-President Grover Cleveland George Westinghouse and Justice Morgan J O'Brien trustees of the Equitable Life Assurance Society met in New York and said no names for director vacancies were considered. trustees will reconvene tomorrow.
MENTIONED IN THIS ARTICLE
New York
Grover Cleveland
George Westinghouse
Morgan J. O’brien
The
Equitable Life Assurance Society
Equitable Board
Will Contest Brings Up Ancient Divorce
Mrs. Abbie E. Taylor of Quincy contests the will of Horace B. Taylor in Suffolk Court of Probate over the legality of two divorces from 1871 and 1876. The estate is valued around 665000 with one third to Ella Taylor and two thirds to Henry W. Taylor. The hearing featured Dr. Clara B. Simmons and was postponed to October 30.
MENTIONED IN THIS ARTICLE
Abbie. E. Taylor
Quincy
Suffolk
Ella Taylor
Henry W. Taylor
Berkeley
Cal
Clara B. Simmons
Boston
Simmons
Charlesgate Hotel
Taylors
Taylor
Bunco Trick In Chelsea Nets Fake Check
A well dressed man and woman bought a dressing case at W. D. Baker's Chelsea furniture store and paid with a $32 Shawmut National Bank check. Baker gave $150 in cash change, but the goods costing $17 were sent to 76 Eleanore Street in the name of W. B. Allen. The teamster could not locate the named recipient and the bank later discovered the check was bogus.
MENTIONED IN THIS ARTICLE
W. D. Baker
Washington Avenue
Chelsea
Shawmut National Bank
Baker
Eleanor Street
W. B. Allen
War Balloon Inspects Forts at Toulon
The Lebaudy dirigible balloon conducted its first ascent under War Office patronage. Aboard were chief engineers and officers who reconnoitered defenses from Toul to Nanty near the German frontier, passing Fort Vendreville and the Haye forest. The 656 yard high airship covered about 30 miles at 28 mph, inspecting forts and photographing them to prove dirigibles as war assets.
MENTIONED IN THIS ARTICLE
Toulon
France
War Office
Toul
Nanty
Fort Vendreville
Haye Forest
Malta goats admitted amid health alarm at New Jersey quarantine
New York reports that 68 Malta goats were allowed into the United States under the care of Secretary Wilson of the Department of Agriculture. Physicians warn the action risks public health as Malta goats are considered a menace and linked to fever germs in milk in epidemic histories.
MENTIONED IN THIS ARTICLE
New York
Athenia
N. J
Malta
Wilson
Department of Agriculture
Horsmen Banquet for W. R. Chamberlain at Stables
About a hundred prominent horsemen held a surprise banquet for W. R. Chamberlain at his stables 824 Shawmut avenue, transformed into a Japanese tea garden. They presented a heavy gold chain and a Masonic charm.
MENTIONED IN THIS ARTICLE
W. R. Chamberlain
Shawmut Avenue
BH. F. Casey
George A. Medbury
Charles C. Coten
Avery Coburn
Fred
Conductor F L Hazard Hurt in Trolley Collision
Fay L Hazard of 458 Massachusetts avenue, a conductor, was seriously injured when another Tremont street line car rammed his trolley near the Cypress street car barns. He was taken to Massachusetts General Hospital with a broken leg and severe injuries to his arms and internal organs.
MENTIONED IN THIS ARTICLE
Fay L. Hazard
Massachusetts Avenue
Cypress Street
Hazard
Tremont Street
Massachusetts General Hospital
Police surveillance in Northey murder mystery outbreak
Police surveillance continued in the Northey murder case in South Windsor Me The death of Charles D Northey Jr of Whitefield who was fatally shot at Edward Coopers home Tuesday yielded no new features Coroner Henry W Plummer said an inquest may be held early next week
MENTIONED IN THIS ARTICLE
Windsor
Charles D. Northey, Jr
Whitefield
Edward Cooper
Henry W. Plummer
Also Mentioned on This Page
Wall and
State Streets
Standard Oil
New York Market
Allouez
Greene Consolidated
Utah
Tecumseh
Time Money
Amer Cotton Oo
Amer Hide & Lea
Amer Ice Securities
Amer
Amer Emelting & Refng
Ity Ize
Atlantic
Baltimore & 000
Canadian Pacific
Rooklyn Apid Transit
Chesapeake & Ohio
Chicago & Alton
Western
Chicago & Northwestern
Mil & St Paul
Ter & & Trans
General Electric
Illinois Centra
Ont & Mee
Central
Norfolk & Western
Republic Fs Teel Earevese
A Talendo Co
Logs
Sheffield Steel
Coal & Iron
Texas & & Pacific
Pacific
Virginie “Guiana Chem . Ee
Waba Eeeere
Eeesete
Aestece Eas
Wisconsin Central Ee
de Pref
Bene Ees
Nickerson
New York Consolidated Stock Exchange
American Telephone and Telegraph Co
William R. Driver
Am Bell Tel
Am Tel & Tel
Adventure
Allouez Min . Ie
O Ag. Chem
Arcadian Mining
Atlantic Mining
Bingham Mining
Bonanza Mining
Bosa Mining
Boston & Albany
Cis & Maine
Ae Eeeee
Ale
Central Oil Mining Ch.iu & Stk
Mercur Mining
Daly
West Mining
Edison I
Elm River Mining
Fitchburg
Franklin Iing Ga Ry & Elec
Granby Mining
Greene Con Mining
Att Humboldt Minin
Isle Royale Mining
Seeree
Mergenthal
Michigan Mining
Mohawk Mining
Vty National Biscuit
Tel & Tel
New Ge Mining
Hutte
Eredal
Old Colony Ees
Old Colony
Old Dominion
Osceola Mining
Parrott Mining
Phoenix Mining
Pullman Coeereeoe
Uincy Mining
Rhode Island Run
Santa Fe Mining
Aif
Shangon Mining
Tecumseh Mining
Trinity Mining
United Shoe
Eeeetee US Coal & Oil
Victoria
NEW York Bonds
S.c
B&q
Ri&p
Yeaterge
Wednes
C. A Ser
Do L & N Wu
Man c G
Do Ist. Inc
Ts M,k & T
Eeve N. Ry Esis
Hap Ogg
Wilson Bros. Jewelers
Court St
BOLT
Dolan
Aldermanic
Arthur Dolan
Common Council
Cauley
Heilbronn
Consolidated Railways
N. Y
Ins
Will
Bunco
Entertainments
Rev
John Snyder
Ees Leagu
Huntington Ave
Wright & Ditson’s
Washington St
Herrick’s
Copley Square
Globe
Nixon
Zvi
Thomas E
Sat
Mats. Sc
the Bells
Mr. Hyde
Shea
Wapoleon the Great
Empire Empire Stock Co
Lindsay M
Johson
Mgr
Ian Ae
Bonnie Brier Bush
Lord Chumley
F. L. Hazard
Northey
Tremont Theatre
Talmadge
Henry W. Savage
Ceorce Ade
Castle SO
Down Town
Ogee
Sardcu
Cleopatra
Colonial Theatre
Richard Carilli
Tokio
Fritzi Scheff
Mille
W. A. Parsons
Sp Con Langham Hotel
Northampton St
Boylston St
Sherlock Holmer
Umbi Attonso
Mats
Lyceum
the World Beaters Today
Kennebec
Mon
Frank Jones
Tues
Anchestras
Joy Line
B. D. Pitta
Agt
Congress
Collins Fund
Collins
Storrow
Boston _Post
John P. Conlon
Boston Post
Patrick A. Collins
Edmund A. Healey
Thomas Erwin
Charles Weil Phillips
George A. Flynn
Jefferson Coollage
Peas Cawiik Xs
A. J. Houghton
Joseph
George McCarthy
George F. H. Murray
Fred L. Charles H. Ee. Smith
Tammany Committee Club
John J. O'Callaghan
New Wee
Old Fort Hiller
Boston Truant Officers Division
Ee Ee
A. O. H Rochester
Ce Jackson
William P. McQuaid
P. H. Costello
Robert Treat Paine, Jree
James H Morton
James Buckner
Edward L Carley
Henry A. Frothingham
William J. Hennessey
James F. Nolan
Frank J. O’toole
Louis M. Clark
James M. Carley
House of Correction
Deer
Island
Martin A. Halloran
Eeertarseertion
James L. ‘Hogsett
James H. Cronin
G W. O'Donnell
A. A. Jeans Teeseee
A. A
Aft
Thomas F. Fitzpatrick
James Ea
M. W. Fitzgibbon
Goons
S. Campbell
H. Kelley
Z. F. Wilson
A. White Eoweanees
George At
Bihop
G. E
John P. Riley
Richard . McKeown
G. G. Brown
Peter Bay Es
Etereseereaeerea
J Smee Goode
Minton
Eereras
Kennison
Mellen
Agnes B. Cronin
Lara
Tom
Keith
Paul Conghas
Boston Theatre
Lawrence McCarty
Denman Thompson
Isaac B
SorHe
Aree
Kyrle Bellew
Raffles
FE. M. Holland
Henrietta Crosman
Bowdoin Ceire
Dora Thorne
Howard
Howard Burlesquers
Front Row
Louis Wesley
Monroe
Mack and Lawrence
Hayes and Healy
le Roy
Woodford
W. J. McDermott
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