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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Sep 01, 1905
Page
10
Wall Street faced a severe session with heavy selling from all quarters including London. Analysts cite fears of tighter money alongside London's disappointment over peace news and large bucket shop driven losses, while a late rally faded to a weak close.
New York stocks saw broad losses as 61 of the 64 most active issues finished lower amid heavy selling. Traders blamed a rush to unload, with banks potentially short this week and stop orders driving prices down. Union Pacific, Reading, Amalgamated and Erie led declines, while copper and foreign markets offered little support.
Gossip of the Street reports a broad market reaction with a bear raid and price declines around two points on average. Copper stocks fall while Wolverine and United Copper slide. Lake Shore and New York Central face mixed signals as analysts note earnings and asset growth underpinting long term value.
Boston September 1 1905 Thomas W Lawson declares the System inflated stock prices and plans to sell copper and other stocks short to prevent a market collapse. He says he acts on principle to protect public money and urges investors in America and Europe to read upcoming ads while facing ridicule from System touts.
Closing bond prices and yields from New York show varied movement. United States rf 2s trade around 104% while U S rf 28c stays near 104%. Corporate and regional issues such as Man g 4s and Mex Cen 4s display small changes, with several 4s and 5s hovering near prior levels.
The Hon. Edward B. Callender of Dorchester declares his run for Boston mayor, subject to caucus approval, and states he will withdraw if the party leader finds it embarrassing. He vows not to purchase tickets or buy ad space and pledges honesty and restraint in campaigning.
Representative George H. Cadigan of Ward 4 has withdrawn from the Charlestown Senate race. The contest now features Senator James J. Mellen against George F. Monahan.
Closing bid and sales data for the Boston market list 4s from Gr& W United Fruit 6s and other issues. A note records akx dividend second instalment paid assessments paid ex rights and totals for listed and unlisted stocks bonds and rights with share counts.
John B. Moran vows a hard hitting bid for district attorney of Suffolk County with or without a party nomination. He also signals active involvement in the city’s mayoral race, including possible candidacy on a public ownership platform if he loses the DA contest. He declined to detail his fall strategy but threatened consequences if events don’t align with his views.
Alderman Linehan urges a formal investigation at the next Board of Aldermen meeting after an adjournment. The session will reserve seats until 2 50 with a police detail from Station 2 to maintain order as the dock trust matter is revisited.
John J Douglass, a Ward 2 East Boston candidate, will back the machine nominees. A Boston College and Georgetown graduate, he was elected to the Legislature in 1899 and 1900 and last year fell short by seven votes.
The Hampden Club outing at Hock's Grove in Needham has been canceled after two postponements. Members, described as a rough house crowd by an informer, deny responsibility and blame opponents in Ward 17.
Emma Gertrude Lee filed for an absolute divorce from Yee Wee Lee, her Chinese husband, on grounds of cruel and abusive treatment. The case, filed yesterday through counsel J F OConnell, cites sensational facts to come. Mrs Lee, living incognito with a Back Bay family, alleges Lee’s jealousy and has indicated possible backing from On Leong Tong if he resists. The couple married in Providence Rhode Island on May 2 1903. he is 37 she 28.
Michael Travers of Roslindale faced drunkenness and assault charges in Jamaica Plain court. His wife requested separation but hoped for support, and the judge offered one final chance conditioned on his pledge to reform.
William Be Parker of West Boylston was held in 500 bail by Judge Stone in Clinton district court on charges of assaulting 6 year old Mary Kristok of Sterling with a hearing set for tomorrow.
President W. T. A. FitzGerald of the Democratic City committee announced the call for nomination papers for state officers. Papers will be ready Tuesday at 4 pm at the election commissioners office with filing starting Wednesday at 5 pm and closing Friday at 9 am. Boston delegates to the state convention numbered 307.
James F. Powers withdraws as candidate in Ward 13. The race now features Representatives McGrady and Brazzell and ex-Councilman William L. Newton vying for two seats, turning Ward 13 into a three cornered contest.
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