Amalgamated Copper Leads Stock Exchange Selloff
On Monday June 5 Amalgamated Copper drew selling after its statement. Shares fell from 84% to 82% before rallying to 82%. The copper list overall was quiet with a firm tone. United Copper slipped to 28% while Tamarack rose to 110 and several miners declined. The market remained largely dull with activity centered on arbitrage stocks and steel issues.
MENTIONED IN THIS ARTICLE
Amalgamated Copper
Amalgamated Copper Company
Tamarack
United Copper
Centennial
Granby U. S. Mining
Wolverine
Amalgamated
United States Mining
Steel
New York
Union Pacific
Reading
Themarket
Boston
Wall Street Week Opens Higher Amid Mixed Readings
New York June 5 prices opened the week higher with gains in St Paul Union Pacific Reading and Sugar and in Amalgamated Copper Steel preferred Brooklyn Transit Smelting and Ontario Western. Chicago and Alton also gained while realising trimmed most early advances. By noon gains faded and dullness returned as Amalgamated Copper slipped. Late strength in U S Steel preferred and other rails backed gains but overall activity remained uneven. Bonds fluctuated as Ontario Western rose on large dealings. By 2 pm sporadic buying gave way to episodic moves and sagging prices.
MENTIONED IN THIS ARTICLE
New York
St. Paul
Union Pacific
Reading
Sugar
Amalgamated Copper
Steel
Brooklyn Transit
Ontario & Western
Chicago & Alton
Unicon Pacific
U. S. Steel
Norfolk & Western
New York Central
Republic Steel
Southern Pacific
Tennessee Coal
Western
Cotton futures open strong with varied midyear bids
New York on June 5 reports futures opening high with June at 7.85 and July 8.08 as the market shows steady demand. August to March futures range from 8.10 to 8.45 with the spot market closing quietly 10 points lower at middling uplands 8.40 and middling gulf 8.65 after 500 bales sold.
MENTIONED IN THIS ARTICLE
New York
Uplands
Gulf
Greene Consolidated Copper declares bi monthly dividend
Directors met Saturday afternoon and declared the regular bi monthly dividend of 40 cents per share payable June 20. Books close June 8 and reopen June 21. Some directors favor placing Greene dividends on a quarterly basis with hints of future 50 cent quarterly dividends amid reports of dividend cuts. The Greene Co. pays $2.40 per share annually and earns nearly $4 per share annually while investing in new construction and development despite 15 cent copper, with surplus funds to cover new construction.
MENTIONED IN THIS ARTICLE
Greene Consolidated Copper Co
Greene Co
Greene
Amalgamated Circles Stir May Coal Output And Osceola Share Rumor
The Dominion Coal Company reports May output of 294,489 tons versus 221,541 in April. Boston police show interest, following Amalgamated trends after a Saturday rise. An authority forecasts Osceola dividend at 2.50 per share amid market chatter.
MENTIONED IN THIS ARTICLE
Dominion Coal Company
Copper and wheat trends in May markets report
May copper output reached 380 tons at Franklin mine with 1490 tons year to date and domestic copper sales above 100 million pounds in May. Kansas wheat crop expected between 82 and 85 million bushels, vs 95 million last year. Copper Range dividends declared at one percent payable July 1 to holders June 10. Wall Street eyeing transfer tax impact and possible railroad dividend hikes this year.
MENTIONED IN THIS ARTICLE
Franklin
New York
Ripley
The
Atchison Road
Kansas
Wireless reports from sea prove routes near Nantucket
Reported by wireless from New York on June 5 describes the steamer Ryndam in contact with Siasconset Mass 70 miles east of Nantucket lightship at 8 am. The Finland from Antwerp and Dover for New York spoke with Siasconset at 9 am, 195 miles east of Nantucket lightship. The Minneapolis from London for New York communicated with Siasconset at 10 50 am, 65 miles east of Nantucket light ship.
MENTIONED IN THIS ARTICLE
New York
Ryndam
Rotterdam
Boulogne
Siasconset
Mass
Nantucket
Finland
Antwerp
Dover
Minneapolis
London
Canal dividend figure revised to 141 francs per share
Paris June 5 The Suez Canal Company report for 1904 to be presented tomorrow proposes a dividend of 141 francs per share rather than 14.1 percent as earlier cabled. The correction fixes the per share amount to be distributed to shareholders.
MENTIONED IN THIS ARTICLE
Paris
Suez Canal Company
Large fire devastates St Etienne business quarter
In St Etienne France on June 5 a large portion of the business quarter burned. The loss is estimated at 300090 dollars. Fire authorities say the blaze caused extensive damage across several blocks and investigations are underway to determine the cause.
MENTIONED IN THIS ARTICLE
St. Etienne
France
Massive Twine Hauls Bind Kansas Wheat Crops
Fifty freight cars carried 1 600 000 pounds of twine to bind Kansas wheat crops. The twine can bind over 600 000 acres of grain and would encircle the earth at the equator six times with material left to connect New York City to Cleveland.
MENTIONED IN THIS ARTICLE
Kansas
New York City
Cleveland
Amalgamated Copper reports strong financials and stock move
New York June 5 Amalgamated Copper Company released its financial statement showing an April 29 cash surplus of 8 942 712 and cash assets of 2 756 758 with investments valued at 154 281 303 and a 7 350 000 loan to Washoe Copper. The report notes assets beyond mines exceed 50 000 000 over liabilities and discusses price fluctuation impact on earnings. stock fell from 84 to 82 after the statement.
MENTIONED IN THIS ARTICLE
New York
Amalgamated Copper Company
Washoe Copper Company
H. H. Rogers, Jr
IF. P. Olcott
Amalgamated
Amalgamated Copper
Criticism of Amalgamated Report Revisited
The first annual statement of the Amalgamated is faulted for catering to Wall Street. It contrasts Amalgamated with Calumet & Hecla, showing unfavorable relative values and questioning the life of its Comanche ground. Litigation costs are noted as draining assets, with Montana copper war losses and stagnant Amalgamated production compared to rivals.
MENTIONED IN THIS ARTICLE
The
Amalgamated
Wall Street
Treasuries
Boston & Montana
Anaconda
Calumet & Hecla
Amalgamated Mines
Comanche
Calumet & Heecla
Bell Telephone
Amalgamated Copper Co
Montana
Temporary injunction against Pres Pulliam
Boston June 6 A temporary injunction against President Harry C Pulliam of the National League restrains him from suspending or fining John J McGraw the New York playing manager. Umpires are barred from preventing McGraw from taking the field. McGraw was suspended 15 days and fined 150 in New York for alleged misconduct.
MENTIONED IN THIS ARTICLE
Boston
Harry C. Pulliam
National League of Baseball Clubs
Jonn J. McGraw
New York
Justice Sheldon
Superior Court
McGraw
New York City
Pittsburg
National League Directors
Pulliam
Boston Nine
Sheldon
Shedon
New York Club
Massachusetts
Russian ambassador Rosen to sail July 27 from Washington
Baron Rosen, newly appointed ambassador to the United States, will depart Washington on July 27. His impending return comes amid ongoing U S developments and does not appear to be hastened by current events.
MENTIONED IN THIS ARTICLE
Baron Rosen
Washington
United States
Attack Expected on Vladivostok Frontier
Vladivostok reports indicate a Japanese attack on the frontier will not be long delayed as fortifications are completed. Meanwhile in Tacoma, purser Marrington notes 18 transports seen heading for Korea from Maji May 10, with rumors of Japanese men marching overland to join forces in northern Manchuria and a possible advance toward Vladivostok.
MENTIONED IN THIS ARTICLE
Vladivostok
Japan
Tacoma
Wash
P. C. Marrington
Maji
Korea
Manchuria
Rojestvensky's Order Cited In Japanese Action Reports
Despatches from Japan describe the battle with the Gromski destroyer. An engineer officer says a Whitehead torpedo sank the ship after heavy casualties. The cruiser captain notes Rojestvensky's signal urged a triumphal entry and sinking part of the Japanese fleet, blaming indecision and loss of ship-to-ship communication for the defeat.
MENTIONED IN THIS ARTICLE
London
Japan
Gromski
Nakimoff
Straits
Rojestvensky
Vladivostok
Rojestvenky
Russian Left Advanced Near Gunshu Pass
Russian left forces have made a slight advance at Gunshu Pass in Manchuria on June 5, with the overall situation remaining unchanged.
MENTIONED IN THIS ARTICLE
Gunshu Pass
Manchuria
Cavalry Skirmishes Reported in Manchuria Action
Tokio dispatch from Manchuria headquarters states that on June 3 an enemy force of about 300 infantry and cavalry attacked Erhshipao, seven miles northeast of Changau, and was repulsed. The same day about 20 squadrons of horsemen moved south of Taipingehien on the Kwangping-Chiatun road, northwest of Fenkhwa, with part of the force engaging forces near that sector.
MENTIONED IN THIS ARTICLE
Tokio
Manchuria
Erhshipao
Changau
Taipingehien
Kwangping-Chiatun
Fenkhwa
Seme
Battle report near Shintsuha with enemy losses
Shintsuha nine miles northeast of Kwangping sustained heavy artillery fire from our guns in the area. The enemy withdrew west-northwest. Our casualties were four men slightly wounded. The enemy loss exceeded 100 men.
MENTIONED IN THIS ARTICLE
Shintsuha
Kwangping
Vice Admiral Uriu Bound for Woosung
Shanghai dispatches report Vice Admiral Uriu arriving off Gutzlaff island and likely bound for Woosung. The Tokiwa flagship, with Naniwa Takachiho destroyers Murasame and Sagunami, has arrived in Hangchow bay near Gutzlaff, while Uriu pursues Russian vessels after the Sea of Japan engagement.
MENTIONED IN THIS ARTICLE
Shanghai
Uriu
Gutzlaff Island
Woosung
Gutzlaff
Hangchow Bay
Tokiwa
Uru
Naniwa
Takachiho
Murasame
Saguanami
Tsu Islands
Formosa
Sea of Japan
Rejected Suitor Fells Two in Hebron Shooting
Miss Belle Harrison returning from church with Charles Peet was accosted by Dell Dasso a farm hand she had rejected. Dasso drew a revolver and ordered her to alight. He shot both. Peet is critically wounded and may die while Harrison is in critical condition. Dasso fled.
MENTIONED IN THIS ARTICLE
Rockford, Lll
Belle Harrison
Hebron
Charles Peet
Dell Dasso
Dasso
Peet
Anarchists Arrested in Marseille over Paris Plot
Three anarchists two Spaniards and one Italian arrested in Marseille on suspicion of involvement in the May 31 attempt on King Alfonso of Spain in Paris. They arrived from Paris and face unspecified charges.
MENTIONED IN THIS ARTICLE
Marseilles
France
Paris
Alfonso
Dickson's Tea Store Advertisement at 68 Merrimack Street
The notice promotes a tea store offering high grade teas at all prices with a claim that gold dollars cannot be bought for 50 cents. It emphasizes value and urges readers to visit Dickson's Tea Store at 68 Merrimack Street.
MENTIONED IN THIS ARTICLE
Dickson’s
Merrimack Street
Salute for Alfonso XIII in London Amid Rain
King Alfonso XIII was greeted by the Prince of Wales and the Duke of Connaught as he toured from Victoria station to Buckingham Palace. The route featured grand stands, decorative arches, and vivid Spanish colors while crowds cheered despite a steady downpour and highly cautious police arrangements along the procession route.
MENTIONED IN THIS ARTICLE
Prince of Wales
Duke of Connaught
Buckingham Palace
Alfonso XIII
Victoria Station
Grosvenor Gardens
London
Spain
Crawford's Case in Trial for Post Office Satchels Fraud
Washington June 5 government ends live testimony in the Crawford case charging conspiracy with August W Machen and George E Lorenz to defraud the Post Office department over a contract to supply letter carriers satchels. Wade Chance testified Crawford ran the Postal Lock and Device Company. Cross examination focused on Crawford Chance correspondence and approval by Spencer Trask.
MENTIONED IN THIS ARTICLE
Washington
Wm. G. Crawford
August W. Machen
George E. Lorenz
Post Office Department
Wade Chance
Postal Lock and Device Company
Crawford
Worthington
Chance
Spencer Trask
Trask
Magnificent Wedding Gifts for Royal Pair
Berlin reports deputations from Prussian provinces congratulating Crown Prince Frederick William and Duchess Cecilia on their coming marriage. Cities presented a silver service of over 1000 pieces, not ready for two to three years. Prince and Princess Arisugawa of Japan gave two silver flower bowls. The king of Saxony donated four Meissen vases and France provided two serres vases and more.
MENTIONED IN THIS ARTICLE
Berlin
Frederick William
Cecilia
Mecklenburg-Schwerin
Arisugawa
Japan
Saxony
Presents From Dignitaries Arrive For State Visit
The ledger lists gifts including vals tapestry the sultan of Turkey rugs and porcelains the Austrian emperor a carriage and two horses and the province of Posen a state carriage. Beyond these the presents have not been announced.
MENTIONED IN THIS ARTICLE
Vals
Sultan of Turkey
Province of
Posen
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New York Market
Greene Consolidated
Bright, Sears & Co
Merrimack St
Union Bank
C. N. Woodward, Mgr
Beston Stock
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J. S. Bache & Co
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Tex & Pac
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Cal & Hec
Isle Royale
Michigan
Shannon
Utah
AT & T
United Fruit
Wireless
Suez Canal CO
20Th Century Shoe Store
Oxfords
F. H. Pearson Co
Amalgamated Report
Pres. Pulliam
Manila
Swatow
Yokkaichi
Hong Kong
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A. W. Burnham
Bank
Shettuck St
Roger Ot Ae and
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Lowell Polish CO
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State of
Frep A. Burrreicx
Jesse N. Shepard
Frepeei
J. Fleminngs
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