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Newspaper
Lowell Daily Courier
Location
Lowell, Massachusetts, United States of America
Date
Jun 13, 1905
Page
7
The Boston market featured Greene Consolidated as a weak leader while Isle Royale Copper Range and Old Dominion declined. Pullman rose and United Copper gained after a strong bid, but London selling and Morocco concerns kept overall trading dull and prices lower.
New York June 13 trading day opens with gains failing to hold after a three day holiday. Major declines hit Union Pacific St. Paul Canadian Pacific Missouri Pacific and U S Steel preferred while Metropolitan Street Railway slips. By noon losses persist with some recovery in limited rails and industrials. Afternoon session sees persistent weakness with St Paul Union Pacific Reading U S Steel preferred and Amalgamated Copper under pressure. Prices drift near the day’s low by 2 pm as selling continues and support remains weak.
New York June 13 futures began soft with June at 7.90 and 7.95 and advancing months from 8.10 to 8.48. Spot markets closed quiet with middling uplands at 8.90 and middling gulf at 9.15, 215 bales sold.
Money on call is easy at 2 percent. Prime mercantile paper ranges from 3 to 4 percent. Exchanges total 291,659,241 dollars with balances of 16,777,461 dollars.
Market chatter notes shorts struggle to lift Amalgamated shares amid cautious trading. Analysts warn near term volatility as investors await earnings cues and potential sector shifts impacting liquidity and valuations.
Hartford bishop Chauncey B Brewster warned at the diocesan convention that church fairs must avoid demoralizing practices and keep prices fair and honest He urged Christians to elevate political life resisting degradation and noted danger from both foreign born and native wrongdoers threatening the commonwealth.
Market observers note oversold conditions as London opens, with steel gaining favor and a solid quarterly report anticipated. United Shoe Machinery shows current assets of 7,951,927 and liabilities of 409,999 as of March 1 1905. Wabash Railroad directors refuse to declare interest on debenture A and B. Pullman plants near Chicago employ 6,000 workers, up 2,500 in three months. Three Consolidated Exchange members fail on the bear side. Paine, Webber & Co. put wheat crop at 665,400,000 bushels, up 113,000,000 from last year. No assessment planned by Allover officials, future cash needs likely under $1 a share. The crop report improves outlook, Mergenthaler declares 2.0% dividend. Northern Central 4% payable July 15. Boston and Suburban Electric earnings up 20–25% seasonally. Commonwealth Avenue line shines with good weather. Greene Consolidated Copper faces director resignations. Old Dominion plant to yield 4,000,000 pounds monthly once online by Aug 1. President Smith predicts $6 per share earnings after construction costs. Colonel Greene asserts no borrowing, boosting confidence with a 6000-share addendum and a 5-year coal and coke supply deal with Phelps, Dodge & Co.
The Associated Press reports the decision on Russo Japanese talks hinges on venue and negotiator count. Washington may be chosen unless Japan calls for Paris or Mukden. Russia favors talks outside outside influences and may defer to President Roosevelt if a deadlock occurs, with Manchuria advantages noted.
The national board awarded Frank Hafford to Birmingham after Lowell claimed the player. The dispute stretched months as Hafford, once with Lowell, moved through Lake Doe and an independent league before demanding high pay and joining Birmingham.
St. Petersburg June 13 A meeting time and venue for the Russian and Japanese peace plenipotentiaries is expected to be announced from Washington amid exchanges between the belligerents. Count Cassini and Mr Takihira with President Roosevelt as intermediary may decide the location, possibly Paris or Manchuria, as diplomats discuss terms and alliances.
Tokio reports that on June 11, mixed Russian columns attacked near Yingscheng Erhshih jipao and Shufangtai. All attacks were repulsed. Losses not stated.
In the Straits of Malacca the Russian auxiliary cruiser Dnieper halted the Dutch steamer Flores from Amsterdam or Batavia and transferred 41 Chinese crew members and St Kilda mails to Flores. The Dnieper had captured the St Kilda with contraband and sunk it in the China Sea. European officers of the St Kilda returned on board the Dnieper.
A Providence Journal report recounts an Amherst freshman’s awkward evening after gatecrashing a Smith College reception in Northampton wearing an express-arrival suit. He endures taunting from two sophomores about his clothes, fearing exposure and choosing study over social risk.
London dispatch reports that after several disappointments the Americans in London have formed a polo team to compete for the James Gordon Bennett cup in Paris on June 17. The players are Insley Blair, Robert Collier, Frank McKay, and Craig Wadsworth. French and Spanish teams have entered and an English team may also compete.
Alma F. Ingralius a Swedish national aged about 30 employed by Charles H Briggs on Potter Avenue Providence Rhode Island committed suicide by asphyxiation in her room during last night. Her body was found by another servant with windows and door closed tightly.
The chief engineer of the Peihan railway led an inspection train across the Yellow River Bridge, a structure over 1000 feet long, on June 11. Officials expect the line to open for general traffic in November.
The health department in New York destroyed six million pounds of adulterated and harmful materials over the past year. The action reflects stringent enforcement to safeguard public health and prevent dangerous products from reaching consumers.
An old advertisement claims Foley's Kidney Cure can cure slight kidney or bladder troubles in a few days and stubborn cases of Brights disease and diabetes. It urges immediate use and cites Burkinshaw A E, Storey Co, and Ellingwood Co in Davis Square.
Concord New Hampshire June 13 the Concord club of the New England league has not received final payment of 250 dollars due on the draft of pitcher Irving M Young by the Boston Nationals and today business manager Mason of the local team made formal demand for the return of Pitcher Young to this city
Albany N Y June 13 The Court of Appeals refused a stay of execution in the Albert T Patrick murder case delaying proceedings until October 2 and saying execution dates will be fixed before adjournment.
In Boston on June 13 the Ubero Plantation Company receivers Jeremiah Smith Jr and H W Ogden filed their first report in circuit court. They outline the company history and receivership, noting the only chance of substantial investor return lies in recovering funds from improper recipients or liable officers. They seek authorization to hire counsel and to pursue legal proceedings to recover losses for stockholders, either in the corporation or in the receivers’ names.
Fort Monroe Virginia reports an early morning assault by Admiral Dickins fleet from 2 15 to after 3 o clock. Texas Hartford and Hornt tried to run by at 2 21 a m but were silenced by shore batteries. Fort Washington Maryland notes half the hostile fleet anchored off Blackstone island in the lower Potomac about 70 miles below Washington.
Bishop Brady awarded diplomas to graduates including Miss Elodie Chapdelaine who performed Liszt. The program featured Shades of Light and Lustre, other musical numbers by Tamberello and Tessier, and a valedictory epilogue. Honors included a gold medal for Chapdelaine and a certificate for Murphy. Bishop Brady offered a blessing as the audience mingled with the Sisters of Notre Dame afterward.
Guthrie Oklahoma June 13 Geronimo the Apache leader prisoner of war has returned to Fort Sill from Bliss Oklahoma where he attended an Indian celebration with National Editorial Association observers. He left Fort Sill with the war department's permission.
Ogden Utah June 13 The world's five mile motorcycle record was broken by KE B Heagren of Salt Lake on the Greenwood track. The time 5 59 3 5 equals 234 5 seconds faster than his prior mark set in Salt Lake City last June.
An old advertisement asserts Hollister's Rocky Mountain Tea will positively cure children and make them strong. The claim targets weak constitutions and childhood troubles, offering tea or tablets for 3 cents by Ellingwood & Co.
Springfield Nova Scotia June 13 The Cumberland Railway and Coal Company miners struck today leaving the works idle about 1500 men unemployed. The dispute stems from the discharge of a crippled former lamplighter and the miners demand reinstatement. Management refused a meeting, prompting suspension of operations until an understanding is reached. If prolonged, nearly 2000 will be idle as soft coal from the mines serves railroads and factories in the maritime provinces.
In Ostend on June 13 the second round opened at the Kursaal with Tschigorin having defeated Blackburn and Leonhardt beating Alapin. Other games were adjourned to resume this afternoon.
The St. Petersburg bourse shows belief in a peace arrangement as business booms with four rising 1% to 87. The note includes a quip about weather forecasts and a few light newspaper snippets from Puck Town and Country and Philadelphia Press.
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