Wall Street Faces Heavy Liquidation and Money Strain
In early Sept on Wall Street and Boston the market shows heavy stock liquidation with steep one to two point declines. Banks in London rates rise to 8 percent while calls and time money firm, and traders fear further money stringency amid European gold flows and a looming need for higher U.S. rates.
MENTIONED IN THIS ARTICLE
Wall Street
Bears
Bank of England
Paris
London
South America
Berlin
New York Exchange
Chicago
United States
Boston
New York
Cal
State Street
Gould
Europe
J. P. Morgan & Co
Union Pacific
Amalgamated
Louisville & Nashville
New York Central
Steel Common
Preferred
Mr. Lawson
Stock Market News Returns to Irregularity and Weak Close
The day saw continued bear pressure with support from Smelters Amalgamated Canadian Pacific Union Pacific and the Steels. North Butte led gains in small lots while Mohawk United Copper Osceola and Old Dominion posted declines. Copper outlook remains cheerful with experts insisting no near term drop below 16 1/2 cents and August Wolverine output hit a record 1 065 280 pounds.
MENTIONED IN THIS ARTICLE
State Street
Amalgamated
Canadian Pacific
Union Pacific
North Butte
Mohawk
United Copper
Osceola
Old Dominion
United Metals Selling Company
Houghton
Wolverine
Utah Copper Company
Bald Butte Mining Company
Paine, Webber & Co
Blair & Co
New York
Norwich
Conn
E. H. Rollins & Sons
Oneida
N. Y
South
Hartford
Tawne
Dai
Mining and Stock Exchangerican
Treadwell
Idaho Development
SOULE
Oia
Western T & R Se
Ass Allouez N Eee
Y Am Ag Chem
Tel & Tel
Arnold M
Atlantic
Bingham
Daly-West
Edison el Il
Franklin
Granby
Gréene
Guanajuato
Isle Royale
Mergenthal Lin
Michigan
Mont C
N Cn
Tel Tel
Butte
Shannon
Tecumseh Ee
Trinity
Union C
Union Pacific Ee
Coat & Oil
U S Steel
Utah
dVictoria
Boston and Maine annual report outlines earnings and bond plan
The pamphlet details 1903 04 05 earnings and costs, showing gross revenue rises from 84.3 to 86.2 million with fixed charges and dividends rising modestly. Directors propose selling 10 million in 20 year bonds to meet maturing debts and fund five year improvements including 6000 new freight cars and a 3 for 15 stock distribution.
MENTIONED IN THIS ARTICLE
Boston & Maine Railroad
Boston & Maine
Fitchburg
Eastern Railroad
Central Massachusetts
Treasury
Dividends Payable from Major Companies This Fall
Fitchburg Railroad Company declares quarterly 1 percent preferred dividend payable October 1. Boston & Providence Railroad offers quarterly 2 percent preferred on October 1. Mackay Companies pay quarterly 1 percent preferred on October 2. American Tobacco Company issues quarterly 144 percent preferred on October 2. Boston & Suburban Electric Company distributes quarterly 50 cents per share on October 15. St Louis & San Francisco Railway Company pays quarterly 1 percent first preferred on October 2.
MENTIONED IN THIS ARTICLE
Fitchburg Railroad Company
Boston & Providence Railroad
Mackay Companies
American Tobacco Company
Boston & Suburban Electric Company
St. Louis & San Francisco Railway Company
Fire destroys Forestport business district in Rome fire
Early this morning a blaze swept through Forestport village along the Black River canal destroying the business portion. Loss is estimated at sixty thousand dollars. Local fire units fought the flames and no injuries were reported.
MENTIONED IN THIS ARTICLE
Rome
N. Y
Forestport
Copper Enema Range Consolidated declares quarterly dividend
At its September 1 1905 board meeting Copper Enema Range Consolidated Company declared a quarterly dividend of one dollar per share. Payable September 30 1905 to stockholders of record September 9 1905. Transfer books close September 11 to 20 1905 inclusive. Fredric Stanwood treasurer.
MENTIONED IN THIS ARTICLE
Enema Range Consolidated Company
Frederic Stanwood
New York Bonds Close Mixed Across Market Notes
Closing bond prices show varied performance with several issues gaining and others slipping. Key entries include U S 8s at 104 104, L&N 4s 104 104, Man c g 45.1044 104, Penn c 3s 10514 135%, and South Ry 5s 120% 133%.
MENTIONED IN THIS ARTICLE
New York
L&n U
Nor Pac
Do Ist Inc
OSL Ridg
Do 2d Inc
Penn c
Aety RS Im Ria Be
J&a Z8
L. Swe
Bea
South Ry
West Md
W &Dcls
W&l E
Wis Cen
Bay
Price committee fixes 11 cent cotton in Asheville
In Asheville on September 7 the minimum price committee adjourned to 8 o clock to report to the general committee. It has agreed on a price believed to be 11 cents.
MENTIONED IN THIS ARTICLE
Asheville
Mining Manager Collins Faces Larceny Charge
Frank H. Collins, former manager of Republic Consolidated Mining and Milling Company, was arraigned after a Portland arrest on a warrant alleging misappropriation of between 5000 and 10000 dollars. Evidence included company books and checks to support the claim.
MENTIONED IN THIS ARTICLE
Frank H. Collins
Republic Consolidated Mining and Milling Company
Portland
Boston Market Ex-dividend and rights notes
The Boston Market reports financial activity with ex dividend and ex rights events. It lists total sales by category including listed stocks and bonds, unlisted stocks and rights, noting instalments and assessments have been paid.
Chicago Grain Quotations and Wheat Market Outlook
Ennis and Stoppani report Wheat prices fluctuating within narrow limits with a closing strength, noting a local factor could push prices higher. Corn and oats stayed firm on support from major interests, with receipts below expectations.
MENTIONED IN THIS ARTICLE
Ennis & Stoppani
Chicago Board of Trade
State Mutual
Nnis & Stoppani
Chicago
Radcliffe Graduate Drowns Near Holderness
Pauline Wright Brigham of Chestnut Hill daughter of the late Henry R Brigham was drowned in Squam Lake near Holderness New Hampshire on Tuesday. Miss Brigham a Radcliffe College graduate was known for her sincere character and broad sympathies.
MENTIONED IN THIS ARTICLE
Radcliffe
Holderness
Pauline Wright’ Brigham
Chestnut Hill
Henry R. Brigham
Squam Lake
N. H
Miss Brigham
Radcliffe College
Is Two Step Abolished For the Nation's Good
A Post Young Woman reports on dancing masters in New York opposing the two step. They claim it harms tradition and predict a return to minuet and mazurka with slower, more dignified dance forms. Some enthusiasts defend the two step as a lively college-age trend.
MENTIONED IN THIS ARTICLE
New York
Boston
Charles Spencer Wentworth
Roxbury
Canadian Tariff Commission Meets in Winnipeg
Agricultural interests will watch closely the session of the Canadian tariff commission opened at Winnipeg. It is preliminary to a general tariff revision the government announced will occur in 1906.
MENTIONED IN THIS ARTICLE
Washington
Canadian Tariff Commission
Winnipeg
Carnegie Steel cannot take more contracts for 19% market
Pittsburg September 7 Carnegie Steel Company reports no new contracts for the 19 percent market as order books are full with steel rails structural shapes plates and sheet bars.
MENTIONED IN THIS ARTICLE
Pittsburg
Carnegie Steel Company
Lawson as Presidential Hope for Marshfield Agricultural Society
The Marshfield Agricultural Society weighs electing Thomas W. Lawson as president. His Boston representative declines comment on his candidacy amid efforts to bring fresh leadership and new blood to the society.
MENTIONED IN THIS ARTICLE
Thomas W. Laws
Marfield Agricultural Society
Boston
Mr. Lawson
Lawson
United Staes
Marshfield Society
Victor Belanger
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