Stock Market Opens Strong in New York and Boston Gains
The market opened with bullish tone in New York and Boston showing strength despite little overall price change. Steel and copper shares led gains with U S Steel preferred up to 98 and common to 30, while American Woolen rose on arbitrage buying and Allouez advanced on Chase Barstow buying amid steady overall sentiment August 21.
MENTIONED IN THIS ARTICLE
New York
Boston
Greene
Allouez
Chase & Barstow
Bright, Sears & Co
City Trust and Safe Deposit Company
Philadelphia
U. S. Steel
Southern Pacific
Michigan
Market notes on bonds dividends and stock hopes
Bond and Goodwin at 3.5 percent discount on a note maturing November 6 is issued in anticipation of taxes. Opinions vary on Osceola's likely dividend, with 2 percent the common estimate. Reading directors meet today amid talk of a possible dividend rate change, though best-informed expect no change. Calumet and Hecla seems to recover and prove skeptics wrong about metal markets. New York traction roads report a dramatic earnings rise over the past two to three weeks aiding market improves. Lowell stocks to be offered in Boston auction including Bigelow Carpet Merrimack Middlesex Lawrence and Massachusetts Cotton Mills. Tamarack directors have not yet met and December dividend still uncertain. US Mining rights demand steady and NYSE governors may block July exchange close due to triple holiday disbursements.
Massachusetts Supreme Court rules against labor monopoly aim
In Berry vs Donovan the Massachusetts supreme court held that forcing laborers to join unions to control the labor market is unlawful. Michael Berry, a non union shoemaker discharged from Hazen P B Goodrich Co in Haverhill, sues the boot and shoe workers union and wins a $1500 verdict. The 1902 agreement between the firm and the union to hire only union men is ruled unlawful.
MENTIONED IN THIS ARTICLE
Boston
Massachusetts Supreme Court
Michael 2. Berry
Jerry E. Donovan
Boot and Shoe Workers Union
Berry
Haverhill
Gerry
Hazen PB. Goodrich & Co
Roosevelt Receives Holy Cross Doctor of Laws Crown
President Roosevelt is conferred the degree of doctor of laws by the Holy Cross university following his address. He praises Holy Cross, calls it a great institution and a new type of nationality while greeted by students and locals in Worcester. The procession and speeches highlight the president’s praise for service and duty at home and abroad.
MENTIONED IN THIS ARTICLE
Wright
Roosevelt
Hall
Holy Cross College
Clark College
Holy Cross
J. F. Hanselman
Ut. Gov
Guild
Walker
Assembly Hall
Worcester
Hanselman
United States
America
Gen
Rockwood
Hoar
Williamstown
Massachusetts Governor Douglas Commencement Address
Governor L Douglas of Massachusetts delivered a commencement address praising broad opportunity and education as true success. He warned against equating wealth and power with success, urging adaptation to changing conditions, emphasis on family life, and broader aims beyond money. He noted widening opportunity, improving education, and the danger of wealth concentration, urging society to pursue higher, nobler motives than mere riches.
MENTIONED IN THIS ARTICLE
L. Douglas
Massachusetts
Adna R. Chaffee
Korogoro Takahira
United States
Arthur Webster
Clarke University
Louis N. Wilson
Clark University
Gov. Douglas
Also Mentioned on This Page
New York Market
Minneapolis
St. Paul
Sault Ste. Marie Rose
Tennessee Coal
Brooklyn Rapid Transit
Union Pacific
Reading
Southern Railroad
Amalgamated
Great National Bank
Rogers
James H. Eckels
Cleveland
Frick
Rockefeller
Mutual and Equitable Life
Thomas W. Lawson
Bond & Goodwin
Calumet
Hecla
New York Traction
Lowell
Bigelow Carpet Co
Merrimack Mfg
Middlesex Co
Lawrence Mfg. Co
Massachusetts Cotton Mills
Lowell Gas Light
Tamarack
New York Stock Exchange
Red Top
Harvard
Yale
Putnam
Greater New York Merchants Clearance Association Ltd
Merrimack Street
Merrimack St
Opp
Monument Sq
Millard F. Wood
Fzhone
Adams
Appleton Bank
Central St
Chas
Wheeler Thorndike
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