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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Oct 23, 1906
Page
10
Wall Street reports a sharp rebound in stock prices after Friday and Saturday declines. Short selling pressure eased as buyers returned, with call money easing from 7 percent to around 6 percent and expectations of treasury relief measures, plus possible government fund deposits. Time money remained firm with 60 to 90 day rates near 6 1/2 percent.
Market gains led by Amalgamated Steel and Reading as rumors of Bank of France lending to England and possible U S relief plans boosted prices. Short covering and broad buying pushed 16 leading stocks higher with strong activity from Harriman interests and London. Local money rates and exchange quotes remained steady amid ongoing industrial updates and company notes.
Listed stocks total 54 053 shares. Bonds 14 000. Unlisted stocks 23 684 shares. Rights 11 136. Ex-div and exrts indicate trading adjustments. Pref stocks 2 500 do with 44 to 45 percent ranges. Assistant and associate positions referenced.
Yesterday proved enjoyable for John Philip Sousa who spoke with Italian composer Sig. Ruggiero Leoncavallo. Sousa's Band performed with soloists Lucy Anne Allen and Jeannette Powers amid Maine excursionists. Excursions from Portland Taunton and New Bedford are slated today.
Secretary Victor Metcalf after inspecting Ellis Island detention rooms said space is insufficient and overcrowded. He urged Congress to fund increased accommodations and proposed examination boards in European ports to ease crowding and supported amending the law barring unaccompanied boys under sixteen.
Ennis and Stoppani report no real market strength in Chicago grain prices. Quotations show Dec and May futures for Wheat, Corn, and Oats near or at unchanged levels, with limited upside momentum and required ongoing support to maintain current prices.
Secretary Shaw announces discontinuation of deposits to facilitate gold imports starting Oct 23. He says no desire to disturb Europe by this relief. He also plans to raise national bank circulation by 18 million dollars by accepting approved non government securities, released bonds to back circulation with a retirement window from March 15 to August 10, 1907.
Rockland Me Oct 22 The crew of wreckers has steadily worked to lighter the coal cargo from the schooner Helen B Crosby ashore off North Haven. No coal has yet been removed this week but with favorable weather they expect to clear a substantial part of the hold.
The Boston Market records stock and bond market activity for October 22 with closing prices. Listings include American Bell 4s, American Tel Tel, Chicago Quincy, Illinois Steel, Western Telephone 5s and railroad stocks like Atchison and its preferred, showing opening, high, low, and bid and asked quotes.
Abitibi and Cobalt led activity with 11 67 shares changing hands as Superior and Pittsburg and Nipissing also traded. Prices remained steady as the complete list of sales and fluctuations for the day follows.
The schooner Horace G. Morse, aground on Hog Island near Machias, was floated today. She will receive temporary repairs and be towed to Amherst, Massachusetts for further work.
Secretary of the Navy Charles J. Bonaparte faced a City Court suit for 27.80 filed by Elizabeth A. Merryman over a tin two inch sewer stopper claimed to come from his adjacent house. Bonaparte testified for himself as the case went to decision after a prior trial resolved in his favor.
The will of Daniel O Day partner of John D Rockefeller was filed for probate in New York. The entire estate goes to his widow and 12 children with Mrs O Day receiving 325000 annually for life unless she remarries, then a 5000 yearly income is set.
Athanasias Papullas aged 40 of 9 Troy Street was arrested yesterday afternoon by Inspectors Pierce and Waite for larceny of two checks from the Fourth National Bank, property of Anastas Brother of 9 Ferry Street.
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