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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Oct 31, 1910
Page
14
A volatile week left averages down overall with only Thursday rally. Industrials at 116.70 and rails near 118.11 reflect a partial recovery from July lows, while Steel dominates activity and market sentiment tilts bullish on easy money. Analysts flag possible rate moves as European and U.S. banks tighten and earnings reports fuel optimism.
Dividends payable on various securities include Distillers' 1-2 per cent and Goldfield Consolidated 459 cents. U S S Rubber first preferred 2 per cent, U S Lubber second preferred 11-2 per cent. Subscription payable Lehigh Valley $25. Ex dividend Am Steel Foundries Norfolk and Western pfd Pullman Company. Books close U S Steel pfd 1 344 per cent.
A rare sale at par includes a substantial bonus of common stock and a limited amount of 7 Cumulative Preferred Stock from a well known Canadian company with 75 years in business. No bonds ahead of the preferred, secured by assets valued at $135 per $100 share. Earnings growth in Canada seen as rapid. common stock may rise. Full particulars on application.
Italie Garibaldi granddaughter of Italy’s liberator Joseph Garibaldi spoke at the Italian Methodist Church at 287 Manover Street to over 50 locals supporting her Italian mission for Messina quake orphans. A collection followed and she will address the Industrial School in the North End on November 3.
Thomas J. O Brien ambassador to Japan and his wife arrived on the Empress of Japan for a two month furlough. They proceed to Grand Rapids Michigan. The ambassador said Japanese feeling toward the United States was most cordial.
Ida Tarbell, in a magazine piece on tariff mysteries and cruelties, attacks William Whitman of Brookline as a leading beneficiary of protectionism. She accuses him of steering Schedule K to burden consumers, boosting his wealth, and pressuring the census move through North and Aldrich. Tarbell praises Eugene N. Foss and notes Lodge’s reversal on hides, highlighting political fallout in Massachusetts.
The Boston Elevated Railway plans with the Massachusetts Railroad Commission to redesign the Cambridge bridge approach by removing the double twists at the Boston end. The change aims to prevent a repeat of the recent Brighton car crash that killed four and left 51 injured. The city mayor had faulted the line for deviating from approved plans, while the company said it followed permits. If approved, relaying of tracks would begin immediately.
The piece notes Senator Lodge remained loyal to free hides but bucked the Payne Aldrich tariff on several items. It highlights votes to raise duties on barley rubber goods and pig lead, restore Dingley wool rates, and bolster cotton glove duty, framing it as a stand-patter stance amid rising public pressure.
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