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Newspaper
Lowell Daily Courier
Location
Lowell, Massachusetts, United States of America
Date
Jun 01, 1905
Page
3
The market opened weak in New York and Boston with many shares fractional lower. Haw key declined to 491 and Calumet to 618 while copper orders under the market suggested little selling pressure. Greene’s regular dividend is expected next Saturday.
On June 1 in New York opening prices showed sharp concessions from yesterday with Union Pacific and Amalgamated Copper leading losses. By 11 a.m. most stocks fell across the board, transcontinental groups hit hardest while local traction shares limited declines. Noon trading held near the lows as selling persisted and bonds weakened. By 1 p.m. intermittent dribbles suggested a brief pause in the unloading.
Futures opened easy with June at 8.35 bid and July at 8.45 as later months traded between 8.46 and 8.80. Spot closed quiet ten points lower with middling upland around 8.75 and middling gulf at 9.00. sales totaled 2643 bales.
The report covers copper demand rising at home and abroad with prices for copper 15 cents and electrolytic 14 1 2 cents. Copper Range directors meet around June 10 to decide dividend matters while Swift and Co. declare a 1 percent regular quarterly dividend payable July 3 to stockholders of record June 21. Amalgamated publicity looms after next Monday’s stockholders meeting. Old Colony and Boston Northern Railways authorized to issue 500000 bonds each at four percent for 50 years. Massachusetts Mills in Georgia noted amid broader market chatter.
Stock sales ranged from 99 percent for some issues to 246 for Lowell Gas Light with mixed moves across firms. Mining activity shows Congestion halting ore extraction at Bing ham Consolidated mines while Amalgamated and Washoe operations scale output and larger deals emerge in bonds and reorganizations. American Bridge Company reports peak orders for structural work near 100,000 tons with Am bridge expanding capacity.
Chicago action aims to force arbitration on deliveries to strike bound houses. A new committee will seek an immediate ruling, with a vote possible to resume deliveries if approved. May building permits drop, reflecting disrupted trade. Teamsters negotiate with individual Employers Association members on boycott terms.
The Bureau of Statistics finds Britons drink tea at six pounds per person and Americans drink coffee at 11.75 pounds while the UK’s coffee is under one-fifth of a pound. France and Italy top wine, England and Germany lead beer, Austrians drink ardent spirits most, US, UK, France and Russia vary little in spirits, beer rises in the US due to European immigration, and overall beer and wine dent stronger drink consumption. Portland Argus.
Boston June 1 Ivernia from Liverpool Foley's Kidney Cure corrects irregularities and has cured many severe cases after other treatment failed It builds up worn out tissues and restores health A. Davis Mt. Sterling Iowa says two bottles of Foley's Kidney Cure effected a permanent cure Uncle Eben notes a time catching up on work quotes Washington Star
An official report details heavy naval losses after a two day engagement. Russian battleships Sissoi Veliky Navarin and Jemtchug reportedly sunk or disabled while Cruisers Niitaka Ozawa and Svietlana were destroyed. Allied ships Shilano Yamato Tainan Sado rescued 915 Russian crew. Casualties cited near 800 with quick casualty updates planned for families.
Tokyo reports the emperor plans parole terms for Russian officers captured May 27 in the Sea of Japan action, mirroring those given to Port Arthur surrender officers. An officer from the Borodino notes Vice Admiral Rozhdestvensky was aboard Kniaz Suvaroff during the fight and boarded Bedovoi as Borodino sank before capture.
Report from Admiral Togo details a devastating Japanese rout of the Russian fleet. Most ships sunk or captured, tonnage loss over 150,000 tons. Rojestvensky wounded and captured. Tokyo voices elation as Togo’s triumph triggers nationwide celebrations.
London dispatch reports hospital ships Orel and Kostrama seized and towed to Sagebo for alleged Hague convention infringements. Tokyo correspondent notes three Russian warships Izumrud Kniaz Souvaroft and Aurora types reaching Hamada on Honshu’s west coast, likely to be captured.
Nagasaki June 1 Russian torpedo boats from Mladivostok seized a target and were then forced to relinquish it in a recapture followed by counteraction. The event signals ongoing combat activity in the region with naval forces exchanging control of strategic positions.
A Japanese steamer Daishen 700 tons was seized by a prize crew of 13 who headed toward port. Mistakenly the Russian commander steered for Gensan Korea and met a Japanese transport. The Japanese crew attacked recaptured Daishen and to Sasebo.
A Nagasaki report says Admiral Rojestvensky, wounded in the battle, is in Sasebo hospital with a forehead bruise and minor skull fracture. Internal injuries areundetermined. He is monitored as his prognosis remains guarded with stable vitals and no brain complications observed.
The Japanese battleship Yashima and several supporting vessels were sunk or lost around Port Arthur during 1904. Key losses include the Yashima sunk by a mine in May, plus the Akatasaki, Oshima, Hayatori, Atago, and Takasago in subsequent clashes or accidents. The Yashima was a premier battleship comparable to Maine, with 19 knot speed and a heavy 12 inch and 6 inch gun battery.
Delayed transmission from Tokyo indicates Admiral Rojestvensky sustained a forehead wound a slight skull fracture and minor injuries. Japanese casualties reportedly under 800 with ongoing updates from naval authorities.
Wounded Japanese sailors arriving at Maidzuru navy yard hospital recount a clash with the Russian fleet. They place the Mikasa at the lead, describe a vertical line approach, and note the Souvaroff opening fire before the two fleets exchanged heavy gunfire at close range during the sea battle.
Nagasaki reports that about 3800 Russian naval prisoners have been landed. Three damaged Russian vessels drifted ashore off the coast of Nagato province.
St. Petersburg June 1. The Russian cruiser Izumrud arrived at Vladivostok though initial advices are not public. Emperors despatch from Rear Admiral Nebogatoff referenced but contents withheld. Russian fleet praised for tactics but flagship Kniaz Souvaroff sunk and Admiral Rojestvensky失 unable to command.
The American schooner Thistle placed tenth in the Emperor William's cup race off The Lizard England on June 1. The vessel completed the course at 12.44 Deth boda, marking a modest showing for the crew amid strong fleet competition.
In Portsmouth New Hampshire on June 1 about one hundred longshoremen at the coal handling plant of the Boston and Maine Railroad wharves walked off over the discharge of Clarence Staples time keeper. They had been paid overtime but objected to Saturday night work and left when Staples was fired. A meeting was called to discuss the situation.
A series of scattered monetary figures and terms appears, including several currency amounts such as 245,91 and 200,000.00, along with phrases like legal tender notes and redemption fund. The text lacks clear context or complete sentences.
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