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Newspaper
Lowell Daily Courier
Location
Lowell, Massachusetts, United States of America
Date
Dec 16, 1901
Page
9
In early trading Amalgamated Copper fell toward sixty under a bear programme, dragging copper stocks down. Mohawk slipped from 33 to 31. Osceola, Tamarack, Wolverine, Copper Range, Cochiti, Adventure, and Baltic all posted declines while Erie Telephone rose from 19 to 20. No Woolen stock sales through noon.
The market shows broad movement with Amalgamated Copper sliding from 65 to 62 then rallying near 66.5 as St Paul and other rails retreat. Widespread small changes across rail and steel issues with Consolidated Gas dipping and Pressed Steel Car and Sugar showing notable shifts before a Reading led modest rally.
Henry Mertens of London notes Amalgamated’s stock conservation to meet conditions, potentially creating a giant trust if Calumet yields. English copper firms grow wary yet likely accept any outcome over uncertainty as Erie reorganization advances with Kidder Peabody arranging funds and a new successor company to manage debt, stock issues, and exchanges for Erie holders.
The American company, through its successor, will control all except the Michigan firm. The plans as presently understood indicate the official program will be released in a few days.
Multiple funeral services on December 13 to 16 mark the deaths of Catherine Hoar aged 60 and others including Margaret Sweeney and Stella Howard. Services were held at St. Jean Baptiste, St. Peter's, and local churches with burials at Catholic cemeteries and the Lowell cemetery. survivors include daughters Mary Philadelphia and Katie Lowell.
The Saturday Review urges that Senator Lodge’s December 10 executive session speech reveals Lord Lansdowne’s surrender to the United States. It argues the treaty favors neutralization and opposes unilateral U S action while praising nine points of Lodge’s legal arguments amid the era of dubious diplomacy.
Ottawa real estate dealer F W Dowd predicts a share of any three to four million Nordica verdict against the government. The singer seeks funds paid by France to the U S for ships destroyed belonging to Ichabod Norton, ancestor of the Norton family.
A testimonial claims a six month severe cough was cured after taking Dr Benoit's Cough Medicine. The brief notes multiple similar endorsements in the same collection.
Washington December 15. Chairman Payne of the ways and means committee says no definite plans yet for reducing war taxes but informal discussion and data gathering underway. He expects a bill on the general lines of the last reduction after holidays, with hearings possible. Various interests seek changes including removal of the ten cent tax on ten items and reductions on beer, wine, tobacco, and banking capital taxes. Some favor wiping out the entire war revenue tax list at once, restoring pre Spanish‑American War revenue laws.
Washington this week the House will advance a temporary revenue bill for the Philippine islands with debate extended through Tuesday to Wednesday or Friday. Opposition from some Republicans and cane sugar interests contrasts with Democratic support. Senate actions likely before adjournment include Hay-Pauncefote treaty ratification and nominations.
In New Bedford on December 14 Mrs Elizabet h Margaret Mowbry was arraigned in the third district court on a charge of killing her husband John Mowbry and pleaded not guilty. The case was continued to December 19. Witnesses Mrs Nancy Lovejoy and Mrs Margaret Bessey were bound for $200 each, or jailed for failing to provide bonds.
A record in Mr Dowds possession cites Dowds grandmother among heirs. Another Kansas heir and Nordica relation is Mrs J F Bowersook of Lawrence.
London home office denies Josephine Eastwick a pardon for forging a railroad certificate. She pleaded guilty on November 18 and received six months in prison. Despite pressure from American embassy officials, no reason is given for the denial.
In Washington on December 14 it is reported that President Roosevelt will not accept Andrew Carnegies offer of 10 million dollars in U S Steel bonds to found a higher education institution. Senators and representatives oppose the bonds as presented due to government hold period. The President hopes Carnegies bonds can be converted to cash or U S bonds for acceptance.
London reports reveal a stark rise in deaths in concentration camps during October and November. Whites, including 2633 children in October and 2271 children in November, drive a six month total of 13 041 deaths, with a high rate blamed on camp conditions and disease.
London officials discuss electrifying the railway network with Great Britain's largest line. The Globe reports directors and experts have reached a stage where electrification could speed up and reduce the cost of service, signaling a major shift in railway operations.
Inspect before purchasing elsewhere, the Christmas stock of the Zepher Co. opened at a new Lowell location at the junction of Central and Middlesex streets. The move marks a first attempt for the firm in Lowell and invites shoppers to preview seasonal offerings.
A mountain cloudburst sent Piney River over its banks by three to five feet, flooding Spring City Tennessee and forcing residents to flee. About 100 feet of the Cincinnati Southern Railroad washed away shortly after the southbound No. 3 train passed. The waters kept rising as rain continued.
The document lists capital stock paid in 250 000 and surplus funds 50 000 along with undivided profits after expenses. It shows National bank notes out at 48 800 and totals assets 2 248 004 88 and liabilities including deposits 674 988 17 and due to other banks 9 140 45.
New York December 14 reports the Kaiser Wilhelm der Grosse sailing today with notable passengers including Senator Chauncey M. Depew Prussian minister of commerce Ludwig Brefield John G A Leishman U S minister to Turkey and John Wallace Riddle secretary of the American embassy at St Petersburg aboard.
A stove overheated in D W Estes restaurant in the Opera House block sparked a fire in Rumford Falls Me causing 4000 dollars in restaurant fixtures and 2000 dollars in building damage. Insurance covers the loss.
Terre Haute Indiana December 14 D W Minshall reputed wealthiest man in Western Indiana died today at 74 He recently donated 5000 to DePauw University for a science hall nearing completion His estate is estimated at 2 000 000.
The final day of the American Friends Peace conference fell to speech making chaired by Arthur Perrys of Boston. Professors Ellen C. Wright and Pearson delivered talks from Wilmington College Ohio and Penn College Iowa with James B. Unthank presiding.
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