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Newspaper
Lowell Daily Courier
Location
Lowell, Massachusetts, United States of America
Date
Jan 25, 1902
Page
7
Financial reviews of the week report no major moves on the exchanges. Trading at noon on Saturday January 25 shows only minor reactions among active stocks, with some advancing briefly before demand faded.
Boston reports two hours of trading with no major changes as several copper stocks edged down slightly while others rose modestly. Dominion Coal opened 1% lower and drifted lower during the session. Weolen preferred at 78% and Erie receipts at 21, New England Telephone at 14 traded.
New York on January 25 reports a steady opening with mixed gains and losses mostly under 4. Major names such as Amalgamated Copper Anaconda U S Steel and Sugar moved modestly. Trading stayed on a small scale with railroads remaining heavy though some specialties stiffened before 11 o clock and Sugar rallied briefly in the second hour.
New York on January 25 reports cotton futures opening steady. Prices listed include January at 7.99, February and June unavailable, March 8.07, April 8.11, May 8.15, July 8.20, August 8.05, September 7.73, October 7.73.
The London market was heavy this morning with rising demand for good bonds. Southern Pacific is said to be negotiating for the purchase of the Mexican National. Massachusetts cotton mills declared a semi annual dividend of 3 percent payable February 10. A rich gold strike is reported on the southern fork of the Bonito river in Mexico. Bank figures show rises in reserve, loans, specie, and deposits with a decrease in circulation. Henry Clews & Co notes earnings gains but slower growth and possible lower prices could boost activity, while Haven & Stout see favorable week and improved wheat outlook despite a narrow market. Denver News reports surveys for rights of way west of Salt Lake City to San Francisco by Gould interests, signaling a new transcontinental route rivaling Union Pacific and Santa Fe. Proposed route would traverse Salt Lake City to Eureka Nevada to Walker Pass and on to Kern river.
A railway line from Tulare Valley to San Francisco will traverse forty mining camps in Utah and Nevada, with 18 districts near Deer Creek. Anaconda Montana opens a vast new ore reduction works receiving 500 to 1000 tons daily, touted as the world’s largest. Albert H. Gary becomes Allis-Chalmers chairman as the firm expands from steel to mining machinery. the New York election confirms the consolidation that formed the $25,000,000 capital company. Dun & Co notes quiet textile markets with steady demand, buyers cautious, while raw wool gains support from London ore prices.
In Washington on January 24 the House approved a Cannon amendment to the urgent deficiency bill providing 500000 for the protection and shelter of army officers and enlisted men in the Philippines. The vote was 178 to 105 with 16 Democrats voting yes. The Speaker blocked a recommit until after title read. Richardson sought a further amendment requiring a detailed expenditure statement from the President.
Judge Braley granted a restraining order against Teamsters Union officers and Allied Freight Transportation council members to prevent interference with Brine Transportation Co. The order lasts until Monday 2 o clock as the merits are heard. Police arrested about 20 people for shouting scab and related disruption during the day.
Greenfield January 24 The preliminary hearing for Louis Bitzer charged with murder in the Ida Colomb e and Louis Martin Bitzer cases at Turners Falls ends with Bitzer held for the grand jury. Two moving scenes occur as Bitzer’s daughter Anna, 16, embraces him in court and 10 year old Carrie testifies before being withdrawn after defense objection.
Inquest before Coroner Scholer resumes into the January 8 New York Central tunnel disaster that killed 17. President Newman testified, Franklin admitted records of past engine runs were destroyed, and District Attorney Jerome pressed about signals and post‑accident changes. Pavising objected to such questioning.
Northampton January 24. The spooling department strike at the Nono tuck silk mill ends with about 190 young women returning to work. The company agrees to higher speed and better silk, with wage terms partially undisclosed. Ira Dimock of Hartford, president of the company, visited and prompted the settlement as the main shaft speed rose from 124 to 126 revolutions per minute.
In New York on January 24, evidence began in the Albert T. Patrick murder trial related to the Wm Marsh Rice case. A Swenson & Son bank teller identified a $25,000 check to Patrick and questioned its authenticity, noting Rice’s death the prior day and a telephone report from Patrick via Short.
Devoe Lead and Zinc Paint lasts twice as long as a traditional lead and oil mixture prepared by hand, offering greater durability and longer intervals between maintenance.
A historical note states that potatoes constitute nearly 14 percent of the total food consumed by the populace, highlighting the crop's significance in local sustenance and economy.
Julia Ward Howe led a packed Massachusetts State House hearing on constitutional amendments for woman suffrage. About two thirds favored removing male from voting qualifications, with 15,000 Boston women registered last fall and 11,000 voting. Opponents debated persistence of effort as supporters hailed progress for states with suffrage. Separately, discussion of steamship charters and capital needs for Massachusetts Steamship and Boston Steamship companies outlined plans after acquiring Boston and Philadelphia Steamship.
The committee on accounts approved the weekly payroll for the city farm including Supt Donlan while back pay for the widow of Supt Saunders remains unsettled. Supt Donlan may seek interior painting of city farm buildings despite prior poison use. An alderman is asked to define public rights at a Merrimack landing above the falls. An old river captain plans a new steamer and questions free landings and rental rights.
Nearly ten thousand residents of Cumberland Maryland lined the streets to cheer Rear Admiral Winfield Scott Schley as he passed through en route to Chicago, meeting a jubilant greeting from the crowd this afternoon.
Seismic tremors rattled St Louis and nearby towns just before 5 o clock this morning. The first shock was light, the second more intense, waking sleepers and producing a rumbling sound across the region.
City of Lowell adopts rules requiring filing of written statements with the Superintendent of Buildings before any building work. Plans and specifications must be submitted for repairs within fire limits, with an agreement to follow the described work. A permit will issue only if plans comply. Violations incur fines up to twenty dollars per offense. Ordinance takes effect upon passage.
In Quincy on January 24 a dynamite cartridge exploded prematurely in a sewer trench, fatally injuring two men. Owen Murphy of Roxbury, about 45, and Joseph Mooney of Jamaica Plain, 36, were hospitalized and reportedly not expected to survive.
Frank Rakowski a former U S Army private was brought to Alcatraz Island from Fort Columbia Washington and sentenced to ten years for threatening President Roosevelt. He contends intoxication influenced the threat.
A furious gale swept the Japanese coast blanketing Yokohama in the disaster. The fishing fleet suffered heavy losses with two hundred fishermen reported missing after the storm.
Washington reports both state and navy departments deny a complaint to the British government about its naval attache. No official information supports the claim of misconduct or inquiry regarding gathered official information.
Health department moved four recently exposed patients to the smallpox hospital after a Ford Street case triggered quarantine. Two young men and two young women from two Canadian families were kept under observation with one showing symptoms.
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