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Newspaper
Lowell Daily Courier
Location
Lowell, Massachusetts, United States of America
Date
May 17, 1902
Page
7
The market opened weak with continued liquidation and short selling driving declines. Western Union tumbled after news a Pennsylvania railroad contract would end, while coal stocks weakened. a relief rally followed but failed to hold. Reports on a South Africa settlement and European gains offered optimism for next week.
New York May 17 opening shows a mild dip with many leading issues slipping. Western Union falls amid contract friction with Pennsylvania, while International Silver edges down, and Sugar recovers slightly to 127 percent as selling broadens through Reading Manhattan Missouri Pacific and others.
In Boston on May 17 Massachusetts Electric common fell to 42 percent, down two points from yesterday. Copper shares were weak across the board with Copper Range at 56 percent and Centennial at 18 percent, each down several points. Atlantic slipped to 33 percent, down one, while Dominion Iron & Steel traded and closed at 54, a fractional advance for the day.
Futures opened with a barely steady tone across the curve led by May at 9.11 and June at 9.02. Prices for other months ranged from 8.85 in July to 7.89 in December and January, with a note of May 17 release.
The April bank statement is expected to show surprising strength with May set to improve. Reserves rose 4.89 million, loans fell 22.91 million, specie down 1.66 million, legal tender up 0.53 million, deposits off 24.07 million, circulation up 0.04 million. Rutland preferred declined sharply on light trading volumes.
Connected by private wire with Rolston and Hooley J S Bacfe and Co members New York Stock Exchange and others, signaling direct market access and brokerage connectivity among prominent firms.
The German Emperor telegraphed to President Roosevelt offering a bronze statue of Frederick the Great to the United States. Roosevelt thanked him and said Congress will be asked to receive the gift. The statue would stand in Washington. The exchange signals growing friendship between Germany and the United States.
Three French boys aged 7 to 12 along Merrimack river below Moody street bridge escaped drowning after the noon rise. The eldest grabbed his companions' clothes and shouted for help while a crowd gathered on the bridge. A 20 foot ladder allowed rescuers to pull all three to shore safely.
The Presbyterian general assembly began its second day at Fifth Avenue Presbyterian Church with a devotional service followed by reports from special committees. Rev. Dr. Henry J. Van Dyke led the morning session as the new moderator. The women’s home missionary board also convened today.
A notice announces that Trans Continental Maps are mailed to institutions executors investors and trustees upon request. The brief item emphasizes availability to specified entities and outlines the service without further details.
The examination of representatives from major western packing houses before Justice Chester was adjourned to May 26. Attorney General Davies cited difficulty locating witnesses and claimed packers would welcome a judicial inquiry to explain beef price increases and corn cost factors. Davies said documents show illegal price agreements when corn prices were lower. Chester ordered a new subpoena plan to locate witnesses.
The House passed a bill transferring all public lands of Porto Rico ceded by Spain to the United States, with exceptions for sites chosen within a year for naval and coaling stations and other U.S. uses. Lacey urged Porto Rico’s commissioner gain floor access to explain the measure. The President later sent to the Senate nominations for Squiers as envoy to Cuba and Bragg as consul general at Havana.
A blaze at the New England trunk factory on Chapman street Charlestown started before 1 PM and prompted three alarms. The fire, in a wooden building owned by heirs of N Brintnell, destroyed the structure but spared B. S. Walker's livery stables and about 38 horses and many carriages. Total damage estimated at 8600 to 12000 dollars.
Providence May 16 Former Chief of Police Sean H. Childs 60 killed himself this forenoon by gas from a rubber tube placed in his mouth. The death followed despondency. A widow survives. He served in the Civil War and retired with the rank of lieutenant. He was wounded at Bull Run Antietam and Gettysburg.
Providence May 16 A strike of 52 file forgers at Nicholson file works occurred after management limited firing to no more than a dozen files at a time, down from 100. Workers say pay has been cut from 20 to 40 cents per day.
Copenhagen May 16 The Folkething lower house passed by 98 to 24 a resolution in favor of cession of the Danish West Indies to the United States on condition that a subsequent popular vote on the islands shows a majority in favor.
Rioting persisted in New York City's east side as 500 reserve officers reinforced police. A picket, Mrs. Jennie Pflex, was arrested after allegedly assaulting butcher Schlosky and shredding meat in a shop. Pickets attacked an arresting officer, prompting more help. Many small shops stayed closed amid ongoing boycott protests over high meat prices.
The side wheel steamer Ransom B. Fuller was successfully launched at 8 45 this morning at Bath. Spectators from Boston and New York witnessed the event as Miss Anna Morse acted as sponsor. The vessel, built for the Eastern Steamship Co, towed to Bath Iron Works for engines and boilers. Expected in service mid July, the wooden three decker will be among Maine coast’s fastest. It features oak keel, hackmetack frames, white oak planking, and 190 staterooms with modern fittings. The ship’s length is 273 feet, breadth 65, beam 40, depth 14, tonnage about 2200.
Chicago May 17. Dr Emil G Hirsch urged at Israel Temple that the Jewish Sabbath be replaced by Sunday aligning with national rest. He argued economic life requires observing Sunday and that closing shops or courts on Saturday harms freedom and opportunity.
Amusements review praises Billy Viall's Burlesquers as a strong visiting troupe with an olio and whirl acts by Walthour and Van, a funny blackface monologue by John FE. Warde, and lively Irish, German, and Rube sketches. Misses May Ogden Florence Moore and Blanche Leslie star in gowns with Hadley Palmer in a notable small role. Final performance announced for tonight.
The estimate places the expense between three and four cents per mile traveled, indicating a low operating cost for electric propulsion on the a4 car.
Alarm from box 216 at 6 35 this morning reported a roof fire on Lawrence street. Fire was put out quickly. Building is owned by the Watson estate.
Cleveland's Baking Powder is promoted as the standard of purity and strength. It claims to render food healthier and more palatable while being economical. The advertisement warns against sampling schemes and sales gimmicks and assures buyers of full value for their money.
Obituaries report James H. Clain age 32 died at 326 Thorndike Street leaving a wife and two children. Mary Carson age 67 died at 19 Lundberg Street leaving a husband John and five sons and three daughters. Frederick Cutter of Pelham NH noted for town service and botany. Mary Harrington 22 of this city died at 9 Cross Street Catholic, survived by mother Catherine, sister Annie and brother Cornelius. Funeral notices appear elsewhere.
Funeral services were held for David M. Lansing at Edson cemetery chapel with Rev. J. M. Craig officiating. Bearers named. Burial in Edson cemetery by Undertaker Weinbeck. Susan Connors funeral from 46 East Pine Street to St. Patrick's Church with mass by Rev. Fr. McHugh. Floral tributes noted. Bearers listed. Burial in Catholic cemetery. Ellen Kelliher funeral from 25 Winter Street at 2 PM, burial at St. Patrick's cemetery conducted by Undertaker Monoy.
Obituaries list multiple deaths: Ellen Kelliher 40 at 25 Winter street. James H. Cluin 32 at 326 Thorndike street. Mrs Mary Carson 67 at 19 Lundberg street. Frederick A Cutter 66 died Pelham May 16 with prayers and church service May 19. Mary J Fagan 2 months 12 days at rear of 94 First street. James J Quinn 21 at 13 Watson avenue survived by Maurice J and Annie. Mary A Harrington 22 at 9 Cross street.
The Official Messenger reports that the appeal of Balschaueff, who killed M. Sipiaguine minister of the interior, was rejected and the assassin was hanged May 16 in St. Petersburg.
Boston reports arrivals of the steamers Saheim from Liverpool New York May 17 La Touraine from Havre and Gallia from Naples with steamers Saheim La Touraine and Gallia listed among arrivals in the May 17 maritime update.
First 36 hole women’s match in the region opens on Nashawtulle links under Concord Golf Club. Nineteen of 28 entries from Braeburn, Country Club, Concord, Oakley, Vesper, Wollaston compete for silver cups as Mollie Adams of Wollaston posts a 97 on a windy day.
In ieenfield May 16 the Rev J W Stebbins of First Methodist denounces Sunday golf as hellish and plans action beyond sermons. He has preached twice and will visit Country club links next Sunday. He claims he will seek warrants for leading offenders if town authorities do not act.
Church leaders in New Jersey and Long Island push reforms on women's attire. One bishop objects to hatless women in public, while the other urges modesty in church choirs by discouraging cassocks and surplices.
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