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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Oct 25, 1909
Page
10
William E Soule reports a week of market mood turning bearish among domestic and foreign followers due to London money market moves. The Bank of England reduced its minimum discount rate from 4 to 65 percent, an unusual tightening signal that spurred selling.
The commentary notes a drastic 4 percent advance by the Bank of England, a rarity signaling gold scarcity rather than money shortage. It links English policy to turmoil in London and New York markets, with collateral liquidation and Egypt and South America driving reserve depletion, while US exports and cotton boost foreign trade revival.
Lady Willoughby de Eresby, formerly Eloise Laurence Breese of New York, hosts shooting parties in Lincolnshire. The king is expected to visit eastern counties in early November and include her family among his hosts. She is noted for horseracing interest and social prominence. Her sister Anne Breese married Lord Innes-Ker. their mother has remarried.
The October trade picture shows a sharp rise in exports with 503 183 bales moved from Oct 1 to Oct 15, versus 699 668 bales in September. Analysts expect a readjustment era as banks withdraw deposits, raising uncertainty and possibly lower stock prices until money flows reverse from East to West. The Steel Corporation directors' dividend decision may steer the week’s stock activity.
In Hubbardston on October 24 a 16 year old girl Maud Ethel Lackey obtained her father's consent to marriage through a bluff and married William A. Cleveland a 23 year old man in the Methodist parsonage. The couple had planned the union for some time but the father initially opposed due to her youth. After the marriage the father blessed the match and the pair soon after secured the marriage certificate. The bride had been in school until October 15.
The 75th anniversary of Delta Upsilon will be observed with a three day convention in this city starting November 3. Delegates from colleges nationwide will attend, with flourishing New England chapters at Williams Amherst Harvard Colby Middlebury Bowdoin Brown Tufts and Technology.
Dividends payable include Homestake Mining at 50 cents and E I duPont powder preferred at 11 4 per cent. Rock Run Fuel Gas preferred at 13 4 per cent and Streets West Stable Car line com at 1 per cent. Trenton Potteries preferred at 1 per cent. Bethlehem Steel and Buffalo Rochester Pittsburg books close. Meetings for Chicago Northwestern Elevated. books open Rio Grande Southern Chicago St. Paul and Minneapolis Galveston Houston Electric Nevada Consolidated Shannon Copper.
District Attorney Hill, speaking at Hebrew Independent Club, defends his 16 year corncob pipe habit and denies favoritism in the office. He stresses fairness to all classes, cites 2500 new cases and 400 placed on probation, and says he followed independent course from party lines while praising Governor Draper’s appointment as sincere.
A photo shows a woman head removed from the cut taken Saturday on Tremont Street near School Street at 11 45. A $5 reward is offered for the unidentified lady to call City Editor’s room at the Post between 3 and 5 p m wearing the same costume.
Representative James F. Powers of Ward 13 South Boston urges Democratic voters to back Alonzo Moran brother of the late DA John B. Moran. He claims Moran faces opposition from two Draper Republicans and cites Pelletier’s role in backing against O Connell. Powers says Moran would carry on the late DA’s policies, announcing a committee with Powers as chairman and Beady Barry McGettrick and Feeney as members.
Twenty sail arrived with the Teaser captained by Peter Dunskie from Brown's Bank carrying 17,000 pounds of white halibut 12,000 pounds of fresh cod and 20,000 pounds of salted cod. Total fleet receipts reached 567,000 pounds of mixed fish. The 19 trawlers held haddock cod hake pollock and cask totals. News of shipyard work on the Ransom B. Fuller includes cutting the steamer in two for a major overhaul with added staterooms and space. Major liners Cambrian Arkansas Michigan Devonian Saxonia Livonian and Verona delays due to westerly gales and upcoming sailings are noted along with anticipated arrivals Esparta Pannonia and Pasqualino. Captain Ned Hawes hosted Captain Bill Abbott for his 74th birthday aboard the Yale. Cross Rip Lightvessel No 5 Relief No 9 Hen and Chickens Lightvessel No 86 changes outlined.
President Taft’s floating White House sails down the Mississippi with 22 boats carrying governors, senators, and diplomats. He plans a breakfast, a St Louis speech, a dedication in East St. Louis, and a voyage to New Orleans for the convention.
President Taft, after a day of careful speaking, was unable to be heard ten feet away in Texarkana tonight and his condition on the trip worsened, leaving him without a usable voice. The Arkansas stop comes amid his campaign tour as reports describe his voice at its most serious point so far.
Daily maritime brief notes tide times sunrise and set, high water, and rise details. Ships arriving include Boston, Simms, Lexington, Harvard, Crowell, James S Whitney, City of Rockland, Blair, Governor Dingley, Strout, Godfrey, and others from Norfolk to Portland. Sailed includes Maiden for Baltimore and tugs with barges. Several vessels report damaged equipment and rigs. captains report conditions in Reads and lower harbor.
The Eliot Church on Kenilworth Street Roxbury marked its 75th anniversary with a 10:30 a.m. service attended by many former members. The week of events continues through Friday with a prayer meeting and an historical sermon by Rev. B. F. Hamilton D D pastor emeritus during morning services.
Dublin announces new National University of Ireland appointments including Dr. Douglas Hyde of the Gaelic League as professor of modern Irish and Dr. Henebey formerly of Washington to teach Irish language at University College Cork.
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