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Newspaper
Lowell Daily Courier
Location
Lowell, Massachusetts, United States of America
Date
Dec 19, 1903
Page
7
The stock market showed strength in coalers with gains during the two hours of trading on Saturday noon. D L W rose from 250 to 261, D H from 160 to 165, and Jersey Central from 57 to 60 as U S Steel preferred opened lower on 7000 shares.
New York on December 19 reports a wild open with first prices 11 to 21 points higher as buyers rush in. The market stays strong and feverish with short covering while longs dump to take profits. The suspension of Laighton and Foulk adds confusion though not a major loss. the firm is expected to resume after speculation by a trusted employee.
The Liverpool cotton market opened 8 to 12 points higher on December futures rising to 7.09d amid ironical cheering. Trading remained brisk throughout the session and by close the market stood 20 to 23 points above the previous day’s close.
Stockholders anticipate a dividend for next year as reserves rise by 5 947 525 and 5 952 800 for reserves less US, loans fall 2 153 600, specie up 6 553 400, legal tenders up 1 761 200, deposits up 5 428 300, and circulation down 81 200. Wall Street shows cautious improvement per Haven & Clement, with West prosperity and cotton prices lifting planters while mills face potential curtailment in the South. cotton remains a key export driver for 1904.
New York Boston Philadelphia and Chicago are linked by private wires as commission orders are executed across all markets. Securities are carried on margin consistent with sound banking principles per the daily market letter.
Albert S. Guild notes November exports reached 160,000,000 with a 35,000,000 rise from last year. Most of the gain, 32,600,000, came from cotton due to high prices and crop delays. Imports were 77,000,000 versus 85,000,000 a year ago, leaving an excess export balance of 83,000,000. This supports inbound gold and a likely continued favorable trade balance amid cautious imports.
The Gorham Street Methodist Church annual meeting elected Thomas Gardiner moderator Eli Turner clerk and Joseph Maden treasurer with trustees Joseph Sutcliffe Eli Turner and E W Stark for three years Informal anniversary services set for Jan 10 1904 and supper for Jan 13 The 25th anniversary celebration and Rev Matthews ministry postponed to next May for possible church dedication as Primitive Methodists meet in the city Also notices from First Church of Christ Scientist Middlesex hall and Worthen Street M A highlight includes a courtroom quip about a pie and enemies.
New evidence allegedly supports Dowd and Logue’s innocence in the 1899 Lowell robbery. Gen. Jophanus Whitney and inspector discuss the case with J. B. Cover as the governor’s council plans a hearing to resolve questions of identity and guilt.
New York December 18 members of the steel billet pool met to maintain the 23 per ton rate for billets. The meeting was harmonious and scheduled quarterly gatherings for next year. Trade conditions were described as satisfactory and the Claireton Steel company, a Crucible subsidiary, represented along with over twenty other billet makers. The Claireton firm accepted the rate without dispute.
London dispatch reports Russo Japanese war insurance risks increasing at Lloyds by about five percent, with twenty and twenty five guineas per cent quoted to end January and February. Ordinary cargo insurance to and from Japan rose similarly as Japanese bonds fell earlier but closed unchanged.
New York December 18 rare hearing resumes in the United States Shipbuilding receivership case. Untermyer cross examines Charles B. Alexander as witnesses are lined up. Guthrie and Untermyer clash over private business cablegrams. Alexander details early shipbuilding ties while disputing questions on correspondence and underwriting in Paris and France.
Creditors of H B Shattuck and Son discussed a 25 cent on the dollar settlement offer. A creditors committee recommended acceptance though no action was taken, meeting adjourned to the chairman's call. The firm cites liabilities over 300000 and outlines terms to pay small claims in 90 days and other claims at 25 percent with promissory notes.
Col Swaim of the Government Bureau of Engraving and Printing in Washington endorses Munyon's Paw-Paw as a cure for nervousness rheumatism and general indisposition. The ad urges trials for catarrh dyspepsia and despondency, touts high altitude exhilaration and states large bottle $1 and Paw-Paw Laxaive Pills 25c.
Joseph F. Rourke, 26, has taken the clerk post after a civil service appointment, coming from nine years in Lowell Daily Sun’s business office. Stanley W. Qua declined, Harvard Law student at Harvard, while Supt Conlon’s architect need remains unmet. The park commission met, preparing annual and superintendent reports outlining past work and future needs. Diphtheria counts rise to 16, with a recent trio from one family. Assessors prepare for next year, expecting little net gain in values.
Deaths include Rebecca Wells 77 at 57 Pine Street daughter Mrs Graham widow of John C Wells. Patrick Hogan 63 dies at Lowell General Hospital with brothers Michael and Martin J. nearby. Ann Rowland 39 dies at City Hospital, England-born brother Thomas. Rosanna Kane 18 Bassett Street dies at home. Burial for Wells at Pine Street residence Sunday 2 PM. Eudora E Simpson 36 6 months dies in city, wife of Dr Charles E Simpson.
Burlington Vermont December 18 The six troops of United States cavalry stationed at Fort Ethan Allen for almost two years left by train for New York to sail Sunday on the transport Kilpatrick for the Philippines Commanded by Lieut Col Robert Schuyler the units I B D A K and C depart The 48d artillery remains at the fort and the Fifteenth United States cavalry recently back from the Philippines is expected to arrive soon
Brookings South Dakota December 18 surprising results followed the postmortem of William Allison 21 who died after ten days illness from stomach inflammation Surgeons found a diaphragm opening with a dilated stomach occupying the left chest replacing the left lung A twisted anatomy showed the heart on the lower right side and organs displaced from infancy The case regarded as one of the most remarkable in surgical history
North Adams December report shows both victims from last night's central police station incident alive with good recovery prospects. Chief Wm F Dineen survived a gunshot and shows potential recovery if no blood poisoning develops. Patrolman Gardner Northup, who tried to shoot himself and cut his throat, is under guard and not arraigned. A formal assault with intent to murder charge was filed. case paused until Northup can attend court per Judge Carleton Phelps.
A powder can explosion at Edey near Avonmore Pennsylvania killed one man and seriously burned four others as they tried to open the can. Fire followed the blast and three men were rescued from the burning structure. the victims were Italian coal miners.
Germany and Mexico start erecting booths in the liberal arts and education buildings while other countries plan soon operations. Plaster casts of famous American sculptors arrive for storage before installation in the hall of sculpture. The Louisiana Purchase Exposition board of lady managers closes its final session with action on postponed matters. Miss Helen M. Gould leaves for New York with her party. president Mrs Daniel Manning of Albany says she will return to attend duties and likely reside in St Louis during the exposition.
In New Haven on December 18, Huch A. Keenan grand master workman ruled against a request by 15 Connecticut lodges of the Ancient Order of United Workmen for a grand lodge special meeting to repeal assessment laws. The decision states the Connecticut grand lodge cannot reverse its new assessment rates without the consent of the supreme lodge.
Washington reporters note the Democratic caucus adopted a resolution binding all members on party questions. Two thirds majority decisions will guide senators unless pledged to constituents or instructed by state legislatures or when constitutional construction is at issue.
Malden observed a day of business pause for the funeral of Mrs Mary Diana Converse wife of Hon Elisham Converse a noted public benefactor. The service at the Converse mansion included ministers from First Baptist Boston Albany Providence and nearby leaders before burial at Woodlawn cemetery.
An OCR fragment references a Kidney Cure campaign linked to specific streets and a figure named Urkinshaw. Details are garbled but imply a local health or public notice tied to Elm Street area and a person associated with a cure effort. The incomplete text suggests controversy or public interest in a medical claim.
Ipswich December 18 a dynamite charge used to remove from a well. Italian known as No 81 was killed when the stick exploded. Andrew Curry of Beverly was seriously injured. Contractors Welch of Beverly employed the men for Phillips estate foundation work. The explosive was placed in the wall yesterday and exploded while being removed today. Curry taken to Salem hospital in critical condition.
Claims totaling 150000 have been filed against Hyman Gattle, the diamond broker who vanished last July. Bankruptcy filings allege he obtained over 200000 in diamonds on memoranda from dealers in Amsterdam, Utien, N C, and New York, with pawn tickets totaling 37000 found and about 30000 worth unlocated.
New York reports dwindling cod liver oil shipments causing medical and drug sector anxiety. Prices have surged from 21.50 24.50 per barrel in late December 1901 to 105 130 amid a scarcity blamed on seal destruction of cod stocks off Norway.
Philadelphia December 18 Judge Gray of the United States circuit court of appeals sustained Judge Kirkpatrick of the U S district court of New Jersey in the case of Harry C Spinks and other stockholders who appealed against the payment of an assessment by receiver Henry C Tatnall of the Asphalt Company of America The higher court decided against Spinks and the other stockholders.
Miss Cayenne replies with a wry quip about evolution, noting that some descended while others merely drose differently in a Washington Star exchange.
Ipswich reports two men arrested as tramps were detained on suspicion of East Boston robbery. Frank Brown and James Wilson claimed shoemaker trades with links to Lowell and Haverhill. State Officer Neal investigated. hearing held. men held for further hearing. Police later think burglars may have reached Lynn, with officials cautious.
Samuel Silverstein, a clothing merchant in New York, pleaded guilty to presenting false proofs of loss to a fire insurance company. Judge Cowing sentenced him to one year in the penitentiary. His confession linked to wider irregularities among professional adjusters and losses claimed by insurers.
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