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Newspaper
Lowell Daily Courier
Location
Lowell, Massachusetts, United States of America
Date
Dec 26, 1902
Page
17
The Boston copper market opens with a strong rise led by Amalgamated closing above 63 as the entire copper list gains one to five points. New York buys heavily on the belief in a sustained boom while broader markets rally after a bank statement, though profits prompt some selling and several names fall.
Contracts awarded for new building and engineering enterprises across New England total about 1 246 000 for the past week, up from 1 022 000 a year ago. Year to date contracts amount to 132 348 000 vs 131 008 000 last year, with roughly 38 percent for dwellings and 1 percent for mills and factories.
The Bank of England kept the dis count at 4 percent as January dividends and interest disbursements in New York are forecast to total 132 million dollars, the largest single time payout. Reports show shifts in New York bank reserves and deposits, with varied changes across loans, specie, legal tenders, and circulation. Henry Clews notes robust trade, labor prosperity, iron industries, rising exports of corn and cotton, and railroads’ strong earnings, while Dun & Co reports cotton goods improving demand and steady inquiries despite silver weakness and cotton stocks. Opening prices range 5 to 10.
Spencer S riska k and Co listed as NY Stock Exchange members with offices at 27 and 29 Pine Street in New York City.
Claven and Stout discuss investment demand after January disbursements. Past experience shows January booms often fail to materialize. Prices depend on money returning to the East and normalization of interest rates. Securities at four percent would improve prospects for broader stock market, with strong current stock ownership and conservative national interests confident in continued prosperity.
The notes from European powers and Venezuela agree to arbitration at The Hague. Secretary Hay will prepare a note expressing U S approval while Monroe Doctrine is not seen as entering the arbitration. Roosevelt not to be arbitrator. Great Britain and others may have conditions, some cash expected, while blockade likely to end.
Senator Cullom of Illinois, head of the foreign relations committee, met with the President before today’s cabinet session. He told an Associated Press representative that while he cannot speak with absolute definiteness, given the exchanges among powers, it appears likely the Venezuelan controversy will be referred to arbitration by The Hague tribunal.
The Swedish bark Framm carrying 475 tons of coal for La Guaira Caracas railway was ordered to stay outside the blockade as coal is deemed contraband of war. The captain awaits consignees orders while a Dutch consul gains permission to send a coal carrying schooner to Los Roques with provisions, and two schooners were seized earlier. Berlin notes suggest Britain and Germany may refer the Venezuela dispute to The Hague if Roosevelt does not accept arbitrator role.
Snow for 48 hours and a northwest gale caused heavy drifts along Lake Shore lines near La Porte Indiana and disrupted service on the Big Four Erie Nickel Plate and Baltimore & Ohio routes. Electric lines deployed snow shovels at short intervals to keep cars operating.
Atlanta reports 18 above zero as the coldest of the season with freezing temperatures extending along a cotton belt line from central Georgia eastward. Nearby cities show Jacksonville at 38 and Savannah at 34 as winter conditions grip the region.
St Paul Minnesota reports 19 degrees below zero overnight marking the coldest spell of the season. Similar readings come from the Northwest with a forecast of slightly warmer weather ahead.
Lincoln Neb Dec 26 The coldest weather of the winter was recorded in Lincoln with the mercury at eight below zero. Other parts of the state, especially central areas, were two to three degrees warmer. No wind and the cold is moderating.
Sioux City Ta December 26 tempera ture scene reports a severe cold wave with morning readings at 15 below zero and only a slight moderation by noon.
In Schenectady New York over 15 inches of snow fell yesterday and today with additional accumulation. Street car traffic was hindered during the morning but service is now being maintained promptly.
The lake country experienced a fierce snowstorm with about eight inches of snow accumulating last night. Rail traffic is delayed as trains run late, hampering travel and shipments across the region.
Port Henry New York reports four to six inches of snow fell last night across the region. The fresh snowfall improves sleighing conditions and transportation outlook for the area.
The report notes lukewarm reception of the Venezuela dispute resolution via The Hague. Roosevelt’s rejection of arbitration is seen as final, sparking doubts about outcomes and stability in Venezuela and the broader peace process amid political uncertainty. The article weighs potential lengthy details and uncertain enforcement under President Cas tro.
Chicago officials report eight thousand railway freight handlers plan to press for higher pay following a summer strike that disrupted industry for three days. Negotiations with rail clerks are underway and both unions may coordinate action.
Natural gas has been found 13 miles west of Douglas in an oil well. The gas sent gravel and sand high above the derrick and was accompanied by a small flow of oil.
S C Mead, secretary of the New York Merchants Association committee on transportation and franchises, met with state railroad commissioners for two hours to discuss facts and suggestions to be presented at Tuesday's hearing on inter urban traffic facilities in New York. The commission promised full cooperation within its powers. Albert Strassman filed with the commission a petition signed by over 50,000 people demanding intervention to address traffic conditions in Greater New York.
The British steamer Buckingham under Capt Froggett, sailing from New Orleans and Norfolk via Havre to Bonezz Scotland, ran aground at Enard Bay while seeking shelter from a gale. A tug and divers were dispatched to assist. Fancy hosiery for men, 25¢ to $1.59 at H L Batley Co 69 Merrimack Street.
Newton December 26. A hearing on charges against Newton police chief Fred O Tarbox opened in city hall with Mayor Weeks presiding. Charges include failure to suppress liquor nuisances, civil service violations, improper collection of court fees, opening letters, and pressuring officers to falsify convictions. Proceedings focus on Officer Mariner and Sergeant Bartlett testimonies as the court adjourns at noon.
Nell the police patrol horse died after being shot by Agent Richardson following a leg injury sustained when her mate’s kick caused her to be unseated. Nell had served the department for 14 years pulling the wagon and died after Christmas Day collapse. A young replacement horse named Tom is being trained to take her place.
Ridgewood New Jersey December 26 one man killed and three injured when four men walking on Erie railroad tracks failed to notice an approaching passenger train. Edward Martin of Berea Ohio employed by a Cleveland firm was killed instantly others injured include Henry Naholie Stencil Stanishinski and William Shields all from Ohio and New Jersey towns.
The eastbound Cincinnati and Master express on the Big Four derailed at the Toledo and Ohio Central crossing in clear weather after a signal misread. One locomotive wrecked. engineer Stump and brakemen Reed and Lampkin injured lightly. no passengers hurt.
Paris dispatch says a sensational street rumor of Frederick T Humbert’s death in a Madrid prison is unfounded. Officials and authorities discount the claim, with precautions taken and a doctor within the escort party to prevent self harm as prisoners are moved.
A conference in West Superior Wisconsin brought Marine Engineers associations and Pittsburg Steamship officials to an agreement. The key outcome was a one percent wage increase for the engineers, meeting all highlighted demands.
Boston dispatch reports the Sylvania arriving from Liverpool on December 27 and the Philadelphia arriving from Southampton on the same date, part of a marine news brief from the era.
Stephen O Halloran a street department employee had a narrow escape this noon when he jumped from an engine near Bleachery station. He fell head first at Middlesex street crossing, suffered a facial laceration and lip wound, received three and four stitches, and was taken to Emergency hospital. He is 45 years old.
Presidents Truesdale of Lackawanna and Underwood with Thomas of the Erie agreed to ease Brooklyn coal shortages. President Swanstrom of Brooklyn convened four leading coal dealers to discuss cooperation and action.
London observes Boxing Day with many shops closed and streets quiet though the city’s theatres begin Christmas pantomimes. The Buffalo Bills Wild West show opened to enthusiastic reception, marking a lively contrast to the weather and holiday customs.
Dana C Townsley 78 a former Buckland cobbler living lately in Athol died by hanging at the poor farm while visiting his daughter an inmate. He was despondent. Fr We H Ryan Christmas offering 1288 went to parish improvements including altar windows walls pews school addition. George Prince of Salem Depot NH fractured leg on Common Street Lawrence. Dr Winchester veterinarian ordered Lawrence infected with hoof and mouth disease.
Funeral services were held yesterday for Mrs. Alice Drury at Trimaculate Conception Church with Mass sung by Rev Fr Tighe and burial at St Peters cemetery. Other notices include Annie Carr Bertha Martin infant Joseph Duchurme Emma Munn Hannah Wright with details of dates, ages, and burial places in Medfield North Chelmsford and Boston areas.
The piece promotes Chamberlains Cough Remedy as a prudent seasonal transfer for households. It claims rapid relief from colds when taken at first symptoms and notes it is safe for children. Advertising copy from a Boston Transcript excerpt ends with a debate exchange.
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