Test of Financial Stability Demonstrating Unwisdom of Sacrificing High Grade Securities
An editorial praises New York recovery after a financial panic. It lauds government and figures like J. Pierpont Morgan and John D. Rockefeller for supporting confidence with substantial deposits and coordinated actions. It urges calm, urging investors to buy high quality listed stocks as conditions improve.
MENTIONED IN THIS ARTICLE
New York
United States
J. Pierpont Morgan
John D. Rockefeller
Cortelyou
James Stillman
Europe
Copper sales surge as prices rise above prevailing rates
In the last two days 10 million pounds of copper have sold at 4 to 30 cents per pound above current market levels. An estimated forty million pounds have been sold to London since October 1. Copper remains a sought after buy.
Prices Hold Despite Scarce Money on Wall Street
Wall Street shows a curb in exuberance as prices hold amid scarce funds. Brokers faced heavy call requirements, with only bears and cash buyers active. renewals at 20 percent supported by a bankers pool of 25 million dollars. Facing bank runs, sentiment lingered on stabilization efforts by Rockefeller, Cortelyou, and Morgan as trust company suspensions added pressure.
MENTIONED IN THIS ARTICLE
Wall Street
Bankers
Trust Company
New York
Trust Company of America
Colonial Trust Company
State Street
Rockefeller
Cortelyou
Morgan
London
Union Pacific
Wes-L
Southern Pacific
Southern Railway
Chesapeake & Ohio
Canadian Pacific
Delaware & Hudson
Brooklyn Rapid ‘Transit
General Electric
Great Northern
Borough Bank of Brooklyn
United States Exchange Bank
First National Bank of Brooklyn
Williamsburg Trust Company of
Brooklyn
Union and Industrial Trust Companies of
New York Stocks End Narrow Day Amid Rumors and Cash Talks
Markets moved within a tight range as rumors affected New York houses. Dealers shifted to cash trades to curb credit strain while late gains came from government deposit optimism. Amalgamated and Anaconda led with sizable advances and the overall 25-stock average closed near day’s high, with notable moves in copper and steel shares and mixed results in rail and mining issues.
MENTIONED IN THIS ARTICLE
New York
Amalgamated
Sugar
Atchison
Brooklyn Rapid Transit
Staal
Northern Pacific
New York Central
Pennsylvania
Reading
Southern Pacific
Union Pacific
Steel
New York Stocks Exchange
Investment Scam Promises High Returns on Stocks and Bonds
An offer from a Boston firm promoting a $300 stock and bond combination claims to yield 152 3 percent dividends and interest with assets backing more than double the capitalization. It cites Boston Idaho Mining and Paymaster Consolidated Mines, urges quick action, and directs remittances from the Old South Building in Boston.
MENTIONED IN THIS ARTICLE
Savings Bank and Trust Company
Wall Street
Paymaster Consolidated Company
Tucson
Arizona
Paymaster Consolidated Mines Company
Boston-Idaho
Steamship bonds rise in Boston curb market closing higher
Exchange Place October 25 reports steamship bonds strengthening through the day, advancing from 101-2 to 11, then rising to 125-8 before closing at 121-4, up 17-8 net. The rest of the curb list showed quiet activity and steady prices with detailed fluctuations listed.
MENTIONED IN THIS ARTICLE
Exchange Place
Heinze Company in Reading Faces Bankruptcy Action
Receivers were appointed today for the Pennsylvania knitting mills of Reading, a Heinze-affiliated hosiery maker, after a bankruptcy petition filed yesterday. Liabilities are about 600000 with assets near 210000, including 39000 in merchandise claims and 460000 in stock and bonds controlled by Heinze, plus a 180000 cash loan from Heinze people.
MENTIONED IN THIS ARTICLE
Philadelphia
Penn-sylvania Knitting Mills
Reading
Penn
McPherson
United States District Court
Heinze
Contest on Larkin Will Sparks Probate Court Hearing
The will of late Patrick Larkin Cambridge leaving $60 000 to Catholic charities is contested by three cousins Nora Lawless Mary Whalen and Bridget Costello. Justice Hammond ordered a quick hearing to prove kinship and the case moves to Cambridge Probate Court.
MENTIONED IN THIS ARTICLE
Patrick Larkin
Cambridge
Nora Lawless
Mary Whalen
Bridget Costello
Supreme Court
Hammond
James Wardell Convicted in Manslaughter Case
James Wardell was convicted in New York general sessions before Judge Foster of manslaughter in the first degree for aiding his wife Laura to commit death by her own action on June 17 in her apartments at 33 West Twenty-fifth street. The penalty may be up to 20 years imprisonment.
MENTIONED IN THIS ARTICLE
New York
James Wardell
Foster
Laura
West Twenty-fifth Street
Teachers Seek Tenure Retention After Good Behavior
About 500 Paterson New Jersey teachers petition the Board of Education to extend tenure during efficiency and good behavior.
MENTIONED IN THIS ARTICLE
Paterson
N. J
Board of Education
Boston & Corbin Annual Report 1907 highlights
The Boston and Corbin company issues its first annual report for the year ended July 31 1907. Assets total 611 208 with mines 412 694 treasury stock 160 000 mine development 22 106 and cash 8219. Liabilities total 611 203 including capital stock 500 000 and surplus 104 256.
MENTIONED IN THIS ARTICLE
Boston & Corbin Company
Treasury
Corbin
Schooner Hannah F Cachan Ashore on Falmouth Flats
A schooner named Hannah F Cachan from Bangor bound for New York with a lumber cargo went ashore on Falmouth flats in Vineyard Sound last night. No injuries reported. Pilot and crew reported safe but vessel grounded in strong tides near Vineyard Haven.
MENTIONED IN THIS ARTICLE
Vineyard Haven
Hannah F Cachan Bangor
New York
Falmouth Flats
Vineyard Sound
Editor Theodore Weeks Shot at in Office Incident
A man entering the Long Island City Daily Star office at 41 Borden Avenue was shot in the back by a bullet fired at a cat. Editor Theodore S Weeks, age not stated, was injured in the Oct 25 event. Police investigated the stray shot as the cat fleeing the scene.
MENTIONED IN THIS ARTICLE
New York
Long Island City Daily Star
Borden Avenas Today
Theodore S. Weeks
Dr. Winship Urges Work for Boys in Home Routine
In Battle Creek Dr. A F E Winship urged Michigan teachers to give boys household duties starting at six, then a regular routine of chores between 12 and 14, so that by 16 they are not a burden on their families. He warned business men spend more time on hogs and horses than on their sons and noted many boys turn out well despite this.
MENTIONED IN THIS ARTICLE
Mr. Morgan
Mr. Rockefeller
Clearing House Committee
United States
Ani Bell
B&q
Chicago Junction
Chi & W
SS &S
Atchison
Tolgoa
Bos & Alb
Ros & Me
Eitchburg Pf
Pennsylvania
Union Pac
West End
Sly
Saadae aAdventure
Allouez
Arizona Com
Atlantic
AO & S
Bingham My
Cal
Foo Bonenza
Birtte
Coal Ns
Heela
Granby
Greene
Mexico
Michigan
Quincy
Santa Fe
Shannon
Tamarack
Ob Trinity O
United Cop
Utah
Victoria
Winona
Boa Bend
Cumberland
West
the Pullman
DAS United Fruit
Isle Royale
TOD la Salle
Dasee Paper Swift
Battle Creek
Mich
A. F E. Winship
Boston
Michigan State Teachers’ Association
Freight Derailment Delays New Bedford Line Near Taunton
Taunton Oct 295 The New Bedford and Fall River Fast Freight was derailed after a switch near the city causing most of today’s service to be knocked out. The fast freight split while taking the switch for New Bedford. trainmen escaped injury by leaping clear as cars piled up.
MENTIONED IN THIS ARTICLE
Taunton
New Bedford
Fall River
Peanut Diet A Poor One At Aurora College
President J Alien of Aurora College shows a 60 day peanuts only diet. After two weeks he has lost six pounds and reports intense fruit craving. He experiences rapid pulse and two bouts of illness from overeating. He once went four hours without food then ate a pound of peanuts.
MENTIONED IN THIS ARTICLE
Aurora
Aurora College
Democratic Dinner for Whitney Aides at Quincy House
The Democratic city committee will host a luncheon and reception for Henry M. Whitney and his associates on the Democratic State ticket this afternoon at the Quincy House at 1 o'clock.
MENTIONED IN THIS ARTICLE
Democratic City Committee
Henry M. Whitney
Quincy House
Scotland Hit By Record Rain Damages Farms
Crops across Scotland were damaged to the tune of 15 million dollars due to heavy rains in the past two weeks. The article notes that America may be asked to aid in making up the deficit.
MENTIONED IN THIS ARTICLE
Glasgow
Scotland
America
Also Mentioned on This Page
F. Jonasson & Co
Congress St
Broadway
Machelney
Stock Exchange
U U. S
North Butte
Greene Cananea
Woollen
Calumet & Hecla
Butte Coalition
Mohawk
Mexico Consolidated Mining & Smelting Company
Freeman
Neill
Frank A. Ruggles
Stats Street
Vicinity
Union Pacific Railroad Company
New York Metal
Lake
New York Consolidated Stock
Gregory & Gulick
Merchants Manufacturing Company
Ivall River
Bigelow-Calumet & Hecla
Houghton
Goldfield Consolidated Company
Tiligh
Adams Express
Aee
Amalgamated Copper Ae
Am Car & Foundry Ae
American
Sugar Refining
Tobacco
Anaconda Mining Co
Ou Atchison Ag
Atlantic Coast Line
Dow Grh
Baltimore & Ohio
Brooklyn Ranid Transit
Central Leather
Chesapeake
St Louis Ro Ag
Colorado Fuel & Tron
Colorado & Southern
Consolidated Gestee
Delaware
Denver & Rio Grande
Ierie
Air General Electric
Hocking Villey
Illinois Central
Kansas City
Minneapolis & St Louis
St P & S
Ste
Missouri Pacific
Kansas
Texas
Ontario & West
Norfolk & Western
Mit Pacific Mail
Aira Ga
Pitts
St Louis
Pullman Palace
CAPS
Ehelrese
Republic Steet
Texas & Pacific
Toledo, St
United States Realty
Unites States Steel
Pisa Pt
Virginia Cavoina
Westinghouse Electric
Western Union
Wisconsin Central
Reston
Chicago
Chi- Caro Board of Trade
State Mutual Wheat
Pei
Rte
Savings Bank — Trust Company
Boston-Idaho Mining Company
L. Diamond Company
OLD South
Mass
J. Thomas Reinhardt
New Change Place
Broad Street
York City
Amal-Nevaeda
Bay State Gas
Bingham Mary
Sal
Black Mountain
Boston Corbinee
Boston Ely
Boswrocolo
Butte Bradley
Butte & Loudon
Combertand Ely
Davis-Luly O
Dominion
Om Copper
East Butte
Farwell
Goldfield-Bos
Hancock
Howell & Little
Lake Cowper
Ene Ag
Majestic
McKinler-Cobalt
Gardner
Nevada
Troy Manhattan
Larkin
Boston & Corbin Annual Report
Schr
Carlton
Cat
Dr. Winship
Busi
Ness
Taunton Cwitch
Whitney
Consolidated Steamship
Frederick R. Tibbitts
Investment Securities
Aiass
Gonsoliba
Boucht
Inter-Trust Security Co
Water St
Boston, Mass
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