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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Sep 15, 1904
Page
8
Wall Street opened with granger stocks hesitating briefly before a strong, steady advance. Buying pressure lightened profit-taking, and bears offered little resistance as iron and steel linked shares led the rally. Cash reserves declined, rates rose, and New York turnover topped 1,000,000 shares as Copper Range and other miners posted gains amid broker warnings and analyst comment.
Springfield Sept. 14 The grand jury returned no bill in the case of Fred B. Paddock charged with aiding the escape of Hoffman the forger. The decision ends the preliminary step in the case.
After eight weeks of idleness in Fall River, mill treasurers report a weakening among textile unionists and expect a break soon. About $60,000 has been paid to strikers, with $35,000 to weavers, $12,000 to carders, and $10,000 to loom fixers. Some unions show financial strain as stocks of printing cloths fall and total goods on hand remain limited. Wages lost reach about $1.25 million and overall production loss nears 2.5 million pieces.
New York Consolidated New York Sept 14 Prices sharply recovered from recent lows as short covering and bold buying by major interests propelled a brisk session. Weather improvements and frost damage hoped to be lighter than feared spurred bulls in trunk line issues. Heavy totals featured Am Copper, Am Locomotive, Erie, Reading, US Steel and Union Pacific among 214,970 shares traded.
Dividend notices show American Can Co 2 percent preferred due Oct 1. International Smokeless Powder & Chemical Co 1 percent common due Oct 1. National Sugar Refining Co 1 1/2 percent preferred quarterly due Oct 7. Union Co 1 1/4 percent quarterly due Oct 7. Other firms include Renee Steel Co and additional entries in the list.
Judge Lathrop issued an order of notice in the Supreme Court case attorney-general va. the Preferred Mercantile Company. The petition seeks to compel cessation of business under a charter obtained last year amid alleged illegal use. The notice is returnable Friday.
The Suffolk County probate file shows Owen Lynch leaving $1000 to Catholic Charities. He directs $500 to Rev. G. J. Patterson of St. Vincent's Church and $100 to multiple Catholic charities and homes including the Little Sisters of the Poor and several Baltimore institutions.
New York September 14 H H Rogers of Standard Oil expresses mystification at Thomas W Lawson and his Frenzied Finance articles. He says he cannot account for Lawson and will not seek to placate him. Lawson replies with a sharp retort about two scalps as possible placation.
Chicago September grain trading opened weak as foreign markets prompted aggressive liquidation. Wheat slid nearly 2 cents with December and May futures down, while corn fluctuated and closed near session lows after frost fears faded. Provisions rose, as a Minneapolis yield estimate shifted sentiment briefly before late-session weakness.
Ennis and Stoppani report Chicago grain prices with wheat at 113 to 118 percent ranges for Sept through May, corn near 52 to 58, oats around 38 to 85. Liverpool's influence cited, wheat steady as buyers absorb offerings, corn and oats buoyed by May demand and frost risk in outlook.
Boston theatre listings note understudies stepping in for ill leads, with Loris Scarsdale replacing Georgia Caine as Omee Omi in Ade Luders operas. Other items include longstanding runs, new debuts by stars like Robert Edeson, and upcoming concerts at the Boston Theatre and Grand Opera House, reflecting a lively week in area performing arts.
Through Worcester Springfield Pittsfield and the Berkshire Hills to Albany the Fall River line to Boston for five dollars. Stopover in New York until Oct 25 for two dollars extra. From stations west of Boston Oct 12. Descriptive leaflet available from A S Hansen agent Boston or 366 Washington street.
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