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Newspaper
Lowell Daily Courier
Location
Lowell, Massachusetts, United States of America
Date
Dec 04, 1905
Page
8
The New York market showed hesitation in early trading on Monday December 4 with some losses then absorbed and a modest recovery led by industrials. Watchful investors anticipate Roosevelt's message and possible rate regulation bill acceptable to railroads. Money is scarce with slim bank reserves, keeping rate rise risks for year end.
New York trading opened with broad declines across the list as offerings pressed prices. Rail stocks like Anaconda and Brooklyn Transit fell about 1 to 3 percent while leaders such as Rock Island showed better performance with gains near 4 percent. By noon buying lifted some stocks, but overall the market remained unsettled with slow progress in the afternoon and a retreat in many issues before 2 pm.
New York reports futures opening firm with December at 11.26 and March bids up to 11.70. Prices shown include January 11.38 February 11.50 May 11.34 and July 11.99 while middling uplands sit at 12.25 and middling gulf at 12.60. Sales total 745 bales as the market closes quietly, about 70 points higher.
Money tightness looms as a market factor with copper as a leading ore. Amalgamated trades near zero, better than in 1901. standard stocks skim market margins. A new refining furnace at Calumet & ia boosts output by about 1,000,000 pounds monthly. Investors find bargains scarce as speculators dominate. Chapin treasurer cash on hand by December 1 noted.
Reports show Copper Range mines produced 2300 tons in November down from October and September due to fewer working days. Massachusetts saw 184 new charters totaling $5,683,000 capitalization in November, while Lake copper districts expect record dividend disbursements in 1905, surpassing all prior years except 1390 and 1900. Hayden, Stone notes mixed signals on American Woolen dividends.
New York December 4 the Nippon Club hosted a reception for Japanese minister Takahira before his December 10 departure from Washington. About 60 guests attended including Prof Tison two other Americans Commander Takeshite the naval attaché and Commander Takigushi. Takahira urged Nippon Club members to seize the opportunities created by recent Russo Japanese wartime outcomes and market prospects. He left by midnight train to Washington amid a round of goodbyes and a storm of cheers.
Washington on December 4 the department of agriculture released a cotton crop bulletin estimating total yield at 10,167,818 bales of 500 pounds gross weight not including linters. The picked and to be picked area runs to 26,117,153 acres, down 882,399 acres or 3.3 percent from planted estimates.
New York December fourth. The government crop estimate due at noon boosted demand and encouraged a feverish opening in the cotton market. First prices rose 15 to 32 points. March jumped to 12.25, up 76 points from Saturday. subsequent activity showed irregular fluctuations as traders awaited the official figures and brokers shouted bids. The report was postponed, causing a brief lull before prices recovered to a higher level.
Dallas December 4 The National Ginners Association released its annual cotton crop report showing a season yield of 9,623,000 bales. President J A Taylor stated the report is nearly complete and he has allowed two percent for a possible under estimate.
New York December 4 postpones the examination of John D Rockefeller H H Rogers and other Standard Oil men in the effort to oust the Standard Oil Trust from Missouri due to failure to serve. Hearing moved to January 4. Rogers served but service deemed void and must be redone. Others sought include Henry M Flagler John D Archibald Wade Hampton James A Moffett and Walter Jennings.
Steamers arrived in New York from Liverpool and Havre with standard passenger and cargo passages. Umbria reached New York from Liverpool dated December 4 while La Gascogne arrived from Havre on December 4, signaling routine Atlantic traffic and port activity.
A notice states that the American Bankers Association selected the issuer to guarantee their new Bank Money Orders and that this company is the sole authorized guarantor. It promotes the money orders as a convenient way to send funds without visiting a post or express office and invites applications for various forms of guaranty or surety.
The United States Senate convened in Washington with Vice President Fairbanks presiding. Senators Knox and Aldrich took oaths. the bodies swore in Warner of Missouri and Frazer of Tennessee. Taliaferro presented credentials. The death of Senator Platt of Connecticut was announced and memorial resolutions read before adjourning. Tomorrow the president’s message will be received.
Washington reports the 59th Congress opening with crowded galleries and crowded floor. Speaker Cannon secures the speaker's chair after a roll call and tally showing 243 votes for Cannon to 128 for Williams. Clark McDowell proclaims Cannon duly elected and ushers him to the chair.
A 70 year old G A R veteran, Eric N Griffin, lies unconscious at the city farm after a Friday night fall in a Bay State Court tenement near Central Street. He came from Reed's Ferry New Hampshire last year and has no home, subsisting on pension and state aid. Police had responded to prior drinking incidents. a doctor was not summoned for over 12 hours.
In Halifax on December 4 a strong northeast gale with frequent snow drove the steamer Lunenburg of Halifax ashore outside the Sand East, abreast of Amt harbor, Magdalene islands. The ship, 169 tons, built length 23, faced dangerous conditions as the crew attempted rescue in the thick snow.
A serious village fire rages in Yatesville endangering all dwellings. Incoherent text references Chennai and Philadelphia appear. the main detail notes wide danger to the village as flames spread through homes.
Boston & Maine clerks in Lowell announce a New England cities tournament trophy from R. J. Sullivan of Manchester. Teams from Boston Worcester Nashua Portland and Lowell compete. Brownies lead as Fairmounts slip by one pin to Hillsides. Indians rise to fourth after beating South Ends, Wannalandts fall to Thorndikes. Olympics and B&M game postponed. Fairmounts trail B&M by 1436 pins in total. Bob Fullerton tops with eight 275+ strings and 23 over 9?. Dwyer Higgins high early strings. several bowlers noted for long strings and new Benedicts.
In a dark Princeton clash the Annapolis Middies tied the Army 6 to 6 as Douglass broke free for a late score. Navy, initially outplayed, surged in the final minutes with a grand drive to clinch the dramatic tying touchdown amid cheering, band music, and revelry.
Trinity A. C. defeated Highlands 6 to 5 at Spaldingfield in a rough Saturday game highlighted by Beane the Trinity half back. Couture kicked the goal for Trinity while F. Thompson scored for Highlands. Timers were Ray Pullen and Sidebottom. referees Pullen with linesmen Corey and Burnham.
A Wednesday night event at Centralville Rollaway rink features a two mile race for women with top Lowell skaters. First prize is four pairs of skates for the balance of the season at Centralville rink. second and third prizes are cash. Race timing is between 8 and 10 o'clock.
Lowell Y M C A Centrals defeat Dorchester A C 61 to 45 in Dorchester the hottest game of the season with a tight first half 28 to 27. Myrick Pearson and J Fish led scoring as the Centrals use quick teamwork. Umpire Wilson Singleton.
Tickets on sale at reduced rates via all rail or steamer and rail with stop over privileges. Booklets include winter resorts and train schedules and reservations. CHAS. L. LONGSBORF, 2 Pa.
Corrected timetable lists numerous daily and Sunday departures for Boston, Lawrence, Salem, Haverhill, Newburyport Amesbury Portsmouth Exeter Dover Rochester Alton Bay Somersworth Portland Augusta Bath Waterville Lewiston Rockland Skowhegan Bangor Belfast St John N B Halifax N S and Montreal routes. Includes special notes on Western and Bedford lines and Quebec Express with multiple daily times and Sunday variations.
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