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Newspaper
Lowell Daily Courier
Location
Lowell, Massachusetts, United States of America
Date
May 10, 1902
Page
7
Wall Street opened weak as the bank statement disappointed expectations and prices drifted lower, closing near day’s lows after an initial dull session. Boston market followed with copper leading declines, Centennial and Mohawk mixed as losses mounted and overall activity remained limited.
New York stock list opens lower with Amalgamated Copper at 68 14, Atchison 79, Reading 65 percent after 2000 shares traded at 65 and 65, Erie St Paul and Colorado Fuel down about a point. Delware & Hudson falls 3 percent as miners strike spreads through early dealings.
In New York on May 10 futures opened steady with May at 9.36, June 9.23, July 9.18, August 8.98, September 8.41, October 8.21, November 8.16, December 8.13 and January 8.13.
The report details declines in reserves loans specie legal tenders and deposits, while circulation rose. Dun and Co commentary notes record consumptive demand but production curtailments due to fires, labor disputes, and a tornado. Prices rose, later easing in some sectors. railways earnings rose. bank exchange declined in New York but rose elsewhere. Haven and Stout highlight steady demand for prime investments amid persistent high security prices.
Bright, Sears & Co report steady government bonds and moderate prices for newer issues. They note banks expanding circulation, potential U S 2 per cent improvements, and a mixed crop outlook. Railroads show strong returns about 10 to 12 percent ahead of last year, with merger plans under consideration. Iron trade remains busy, while general trade shows encouraging signs though costs rise due to raw materials and labor.
Lawrence May 9 A harmonious conference between American Woolen company representatives Washington mills strikers and State board of arbitration yields a reply opposing wage premium changes while offering limited holiday deductions and no discrimination. A mass meeting tomorrow in Music hall signals likely final action Monday with high hopes from mill officials. Reports from Boston show many looms returning to work across Washing ton Lowell Collinsville and Olneyville mills amid rising productivity. Three ships near Grand Manan found with dynamite aboard are held for Ottawa inquiry.
The Dominion fisheries protection cruiser Curlew under Captain J. H. Pratt arrived at St. Andrews New Brunswick on May 9 with three captured vessels. This marks the first fruits of the dynamite prohibition effort to safeguard fishing grounds and enforce the ban on explosive devices used against ships.
Fort Worth Texas May 10 S B Hovey first vice president and general superintendent of the Rock Island railroad in Texas confirms the railroad will extend its lines to the gulf coast this marks official confirmation of the gulf coast linkage plan for the Rock Island system.
London commentators ridicule the recent denials by Ismay Pirrie and Hart Wolff as they acknowledge the shipping combine reality. They decry "diplomatic untruths" and warn the dollar power has eroded British Atlantic trade. King Edward reportedly opposes the combine on patriotic grounds.
News from the Newport highlights devastation in Quezaltenango and surrounding towns after the Guatemala earthquake. At Quezaltenango 500 people were killed or injured out of a possible 40,000, with one white victim, Mrs. Clara Kildare. Destruction includes collapsed houses, yawning crevices, a vanished stream, and a destroyed railroad bridge at Ocos. Esalco volcano near San Salvador remains active with ongoing earthquakes and tidal waves.
Fire in Milford New Hampshire started in the barn and spread to the John Herlihy family home. The house and barn contents burned, ten cows and two horses perished, an elderly mother was rescued after collapsing smoke, with an estimated loss of 4000 dollars. cause is suspected incendiary though unknown.
Baltimore May 9 Wm Pinkney managing director of the Neptune line from Baltimore to Rotterdam and Amsterdam says Morgan steamship syndicate has bought the Cunard line. An offer for its ships was made but not accepted. Pinkney, now in the city, states Cunard has been absorbed and remains in close touch with Morgan operations.
Christiania May 9 American engineers arrive and hire 2000 laborers to lay 18 miles of railroad to the Dinderlanda len iron ore fields. All equipment used is American.
Boston May 9 delegates from the National Municipal League spent the final day of their conference at Harvard Fogg Art Museum with President James R. Carter presiding. They attended papers and were luncheon hosted by Harvard. The tour included visits to the Craigie House Washington headquarters Longfellow home and to Radcliffe College invited by Dean Irwin.
Eugene P. Ware visited the White House to meet retiring H. Clay Evans in the President's room. Ware will assume control of the pensions office once confirmed. The Senate confirmed Evans as consul general at London.
Washington May 9 The House resumed consideration of the omnibus Statehood bill admitting Oklahoma Arizona and New Mexico Territories as states The proposed Overstreet amendment to fuse New Mexico and Arizona into Montezuma or another home for the constitutional convention was defeated 23 to 106 The measure passed the House without division ensuring statehood for the three territories
Senate passes joint resolution allowing steam railroads in the District of Columbia to occupy street portions temporarily for travelers during the national G A R encampment in October. Culberson's war department inquiry on Gen Smith's Philippines order is postponed.
News of novelist Paul Leicester Ford's death reaches Keene as details emerge of his planned Cheshire estate purchase with Edward H. Kidder. The 1000 acre property spans Dublin and Marlboro, with contractors halted mid work upon word of his passing. The estate, bought from George B. Chase of Boston for fifty thousand dollars in improvements, was to be a center of planned aesthetic development this summer.
A May 9 gathering in New York for Paul Leicester Ford and Malcolm W. Ford relatives heard Worthington Ford confirm a single funeral to be led by Bishop Burgess of Long Island with Rev. Dr Sayres assisting. Bodies to be interred in Irvington on Hudson after services. Mrs Ford remains weak but out of danger. she had visited Malcolm Ford’s former home and seen her 7-year-old grandson.
In Cambridge on May 9 Cornell beat Harvard six to three in the opening lacrosse game for the intercollegiate championship. A strong wind hindered play but Cornell’s teamwork and passing stood out. The first half favored Cornell four goals to Harvard two, while the second half was two to one in Cornell’s favor.
Havana May 9 Gov Gen Wood offers a reward of 3000 dollars for conviction of the murderers of Senor Vega president of the Spanish colony at San Juan y Martinez Pinar del Rio province. The killing is linked to political ill feeling and anti Spanish sentiment reported in parts of the island.
Three American missionaries from the Chi Li district are officially reported to be en route to Pao Ting Fu under a military escort. The Dowager Empress and the Emperor granted an audience today to Admiral Skrydloff and his staff, commander of the Russian Pacific squadron.
Washington May 9 Delegate Marcus A Smith of Arizona collapsed on the House floor after a brief, vehement speech on the statehood bill. At 3 o clock three doctors assessed him saying the attack could be apoplexy like and the condition later seemed more favorable with experts awaiting further word.
The President today signed the oleomargarine bill in Washington marking a milestone in food regulation. The action confirms new labeling and production rules for oleomargarine nationwide.
In Scranton on May 9 ex ecutive boards of three anthracite coal departments of the United Mine Workers held secret sessions. President Mitchell said operators refused to arbitrate the dispute. A decisive vote on striking was to follow as divisions among district leaders surfaced but no final decision was made.
On April 30 1902 Mr Murphy petitioned the commissioners to amend his application by adding a statement he was convicted for drunkenness in 1899. Denied as filed after examination. The Civil Service Commission finds Murphy failed to prove good moral character under rule 10 and withdraws his name for the foreman position and cancels his application.
A dangerous blaze on Congress avenue in New Haven prompted three alarms after starting at 12 30 pm in a barn behind the National Steam Laundry. The fire spread to six more buildings, including five dwellings, surrounding wooden structures. By 1 15 pm crews believed the blaze under control, but six homes and the laundry plant were burned.
Pekin May 9 An imperial edict confers a mandarin's button of the first class on the German bishop of South Shan Tung the Rev Dr Anzer for services in maintaining peace between Chinese Christians and non Christians
The Commercial Cable Co issued a morning notice stating a chartered sloop leaves St Lucia for St Vincent at noon today. The dispatch comes as relief efforts are coordinated for the region.
Gustave Toudouze a leading naturalist in the South died at his Lozoya Texas home at age 84. Born in France he immigrated to the United States more than fifty years ago.
The annual strawberry festival at the 1st Trinitarian Congregational church runs Tuesday and Wednesday evenings next week featuring entertainment supper and music by orchestra. Admission is 10 events.
George Blood aged 78 died yesterday morning at his residence on ML Pletcher street leaving a wife two sons Melville and Clarence a daughter Mrs. Frank Johnson and a sister He was a member of Post 120 G A R Middlesex lodge KK of P and Rathbone Sisters Katie Lannon aged 36 died today at 28 West street wife of Thomas Lannon street railroad starter She leaves one sister Mrs John Burt of Lakeview avenue
The body of Hannah Ann Lewis was sent to the city Thursday for burial in Edson cemetery with Rev. Smith T. Ford presiding. Granville Darling’s funeral was at 2:30 PM from his Liberty Street home, also in Edson cemetery, with Rev. FE Bigelow officiating. Margaret A. Fife’s funeral occurred at her Fifth Street home with Rev. W. A. Morang conducting services. Joseph Patenard was buried in the Catholic cemetery after services at Undertaker Albert’s rooms. Lycurgus K. Watson, Civil War veteran, was laid to rest in Bison cemetery after services at Undertaker Brooks’ warerooms.
In this city on May 9 Mrs Adeline Dow aged 78 funeral at son-in-law Nelson Keables 14 Hoyt avenue Sunday 3 pm interment Stirling Conn. In Fall River May 8 James B Harley aged 66 years funeral from 447 Highland avenue May 12 1 pm. In this city May 9 George Blood aged 73 2 months 5 days funeral Sunday 2 pm. Katie Lannon aged 36 at 28 West street May 10. Delina Gagnon aged 55 at 103 Suffolk street May 9.
Ecuador lists three active, five dormant, and twelve extinct volcanoes. Eleven peaks remain unclimbed, highlighting ongoing challenges for mountaineers and scientists tracking eruption risks and geological history.
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