Amalgamated Leads Copper Shares Decline
Stock market slid in New York and Boston at noon on Wednesday March 12 as copper shares fell. Amalgamated Copper led the decline amid circulating rumors and widespread selling pressure.
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Newspaper
Lowell Daily Courier
Location
Lowell, Massachusetts, United States of America
Date
Mar 12, 1902
Page
7
Stock market slid in New York and Boston at noon on Wednesday March 12 as copper shares fell. Amalgamated Copper led the decline amid circulating rumors and widespread selling pressure.
In Boston on March 12 copper shares fell before noon with Amalgamated Copper dropping from 68% to 6 and Centennial down 2 to 22 as other mining issues traded lower than Tuesday’s close. In New York the opening carried irregular, narrow moves among major stocks with some gains in Chicago Terminal transfer stocks and various regional issues while Amalgamated sank further and several names rose modestly before prices slipped again in the second hour.
On March 12 in New York the cotton market opened steady with March at 8.84 cents, April 3.02, May 871, June 8.72, July 8.75, August 5.59, September 8.28, October 8.08, and November at an indicated 0.01 cent ask.
Backers of the Dominion Coal boom assert a plan to retire preferred stock and bonds with common stock at par and earn 2 100 000 dollars or 10 percent on outstanding capital this year. President J A Coram of Cochiti Gold Mining denies reports of heavy losses and selling his Lowell residence, saying the home is not for sale while noting his unencumbered real estate exceeds 500 000 dollars.
Tacoma reports a February gold strike on a Pelly river tributary between Yukon and Pelly river, 40 miles from Fort Selkirk. Miners report dirt worth up to 700 dollars per pan. News of the find caused a Dawson stampede toward Pelly river with around 200 claims staked by March 1.
In St Louis on March 12 David P Francis was unanimously re elected president at a board meeting of the Louisiana Purchase Exposition company. Other officers were re elected as well.
Robert M. Dean, 25, was in Fitchburg police court charged with polygamy after two Lowell warrants surfaced. He denied guilt as neighbors reported cries from his Freeman block apartment. A Lowell wife described brutal abuse including an axe attack on her mother. another wife in Fitchburg recounted a severe beating. Dean, from Townsend, worked for the Boston & Maine railroad and will be sent to Lowell after Fitchburg proceedings.
Cambridge March 11 Harvard authorities were disturbed by a fresh outrage by the secret society Med Fac A large black flag bearing Med Fac was hung across Quincy square from Quincy hall to Beck hall with a portrait of Mrs Agassiz Radcliffe college president cut from its frame Investigations show the portrait was hung on a college wall previously but was cut out with a sharp instrument Officials have no clue to the vandalism.
The quote urges bearing misfortune with calm dignity and proving oneself worthy of improved fortune through composed resilience. It emphasizes inner strength, steadfastness, and merit in facing adversity.
London March 11 The war secretary Mr Brodrick disclosed in the House of Commons that 6000 yeomanry would be immediately embarked with large drafts of cavalry and infantry to reinforce Lord Kitchener. He said Kitchener would receive all assistance he requested.
Three men jailed on Howe Street after breaking into a Polish priest’s Perry Street house and terrorizing residents. They gave names John Kennedy Frank Gleason and Timothy Curran with Curran later identified as John Hughes, wanted in Lawrence for horse theft. Hughes allegedly stole a Lawrence sleigh, swapped it for a wagon in Lowell, later recovered and returned. He faces drunkenness charges and possible larceny charges for a cape theft from Mrs Shannahan. Descriptions and details to assist identification were sent to state police heads.
MARINE NEWS. STEAMERS ARRIVED. Boston, March 12 Arrived, steamer Tampico from Rotterdam.
An excerpt from the March Century presents a humorous Samoa of Stevenson era via Mrs Strong. It quotes a native dictionary with ironic definitions such as an old man with a young wife to beg deliriously for fish-hooks and widow as a detached shellfish. The piece notes the complexity of ta meaning I we two beat a stick play instrument reprove tattoo open a vein bail a cannon wash clothes and turn a somersault.
General Booth declares plans to compile a drunkards directory in principal towns and seeks saloon keeper cooperation. The Army will then trace the drunkards to their homes and pursue reform efforts there.
Delegates from several British chambers of commerce met with Foreign Secretary Lord Lansdowne in London to urge against a reciprocal treaty with Cuba. They warned that Cuban entry of reduced duties into the United States could ruin European trade with Cuba. The interview was private, with Lansdowne giving only faint encouragement to investigate the matter.
In Boston on March 11 the railroads committee heard Cape towns push for action on freight rates on the N Y N H R R. Rep Hayes pressed Benton as to books burned remarks, while the Cape Cod canal matter advanced with ex Gov Boutwell opposing revocation. hearing adjourned.
In Lawrence superior civil court Miss C Agnes G McCarthy of Lawrence sues the Lowell street railway. Testimony shows the plaintiff fell ill after the accident and nervousness persists. defense argues fright caused injuries. Investigators, doctors, and witnesses describe visitations to Lowell and Merrimac square with several hundred onlookers.
The Boston longshoremen strike grows with Italian replacement crews securing vessels while police guard premises. Governor's State House conference yields no result as traffic declines and R S Brine Transportation dominates operations. Mayor Collins seeks help from M A Hanna and awaits acceptance of good offices.
Gloucester March 11 cablegram from Hon Geo von Meyer ambassador to Italy announces his candidacy to fill the eleventh district seat caused by Moody’s cabinet appointment. He will visit soon and personally conduct his campaign in the city.
London expresses steadfast resolve after Gen. Methuen's disaster prompts widespread humility. Public sentiment shifts from humiliation to resolve, with Lord Rosebery urging perseverance in a speech to Glasgow students. He concedes losses but declares it will not dishearten Britain and vows to uphold duty and endurance.
In this city on March 11 John Davis died. Funeral at the late residence An Gover street Friday March 4 at 2 p m. Friends invited.
Ignatz Lowinger a Hungarian count born in Temeswar shot himself in the temple at the McClelland hotel in Waco Texas on March 11. A native of Hungary he fled political oppression about 30 years ago and built a large fortune. He recently married a wealthy widow and appeared content until his death with no stated motive.
Texarkana Tex March 11 A mysterious shooting affray on Maple street left one man dead and another fatally wounded. Only one name learned H E Nestor of Marshall Texas. The fatally wounded man is shot through the brain yet conscious. the dead man also shot through the brain.
Over 3000 pairs direct from the factory including floor goods and samples. Styles in Box Calf Velour Wax Calf Vid and Patent Leather valued at 3 to 5 dollars per pair. All at one price 1.98 a pair. Display in Merrimack street windows. Sale starts Friday 14th inst. Basement shoe department A. G. Pollard & Co.
The article recalls Governor Altgeld’s pardon of three Chicago anarchists and notes his ongoing influence. William Jennings Bryan? No, Darrow leads the body’s handling after his arrival. Altgeld’s remarks accuse Lord Pauncefote of meddling in American affairs and claim British neutrality hindered relief funds for Boer women and children. The gathering, under the Chicago branch of the American Transvaal league, included German Swiss and Italian societies.
Matthew J. P. McCafferty, born in Worcester, is among three appointees to the Worcester license commission. A longtime Democrat and former school official, he has held key roles in local business and social groups, and lives on Uxbridge Street with his wife and four children.
Fred M. Welch of Winchester, Mississippi, an employee of the Boston and Maine railroad, was killed at Rotterdam Junction last night when he was crushed between the bumpers while coupling cars. The accident occurred in Schenectady County, and Welch died at the scene.
Three hundred miners at the Congress mine in Arkansas went on strike after a local union was formed. The walkout follows the union organization and affects mine operations. No injuries or arrests reported.
The Manchester Y. M. C. A. basketball team defeated Lowell by thirty points in a fast paced season finale. Key players included Hazen and Robitaille for Manchester and Lew for Lowell, with Robitaille scoring five baskets and Soule filling in for Doyle. The match featured sharp passing, strong defense, and two 20 minute halves to cap the season, as Manchester edged Lowell 40 to 10.
Gloucester March 11 Shipping and mercantile interests are troubled by a freight handlers strike in Boston that halted sailings and forced at least two fish firms to close as they could not ship goods. Fresh and salt fish merchants feel the impact across the industry.
London streets record about 150 fatalities and 8060 injuries annually from traffic accidents, reflecting ongoing road danger.
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