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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Apr 07, 1891
Page
6
Fitchburg reports March gross earnings up with copper notes and strong money market. Clearing House loans absorbed at 6 percent with demand for funds, while New York funds weaken. Boston and New York bank statements show mixed gains and losses.
Net income and totals for Chicago Stock Yards Milwaukee Lake Shore and Western Oregon Improvement Company Wabash New York Ontario and Western Lake Erie and Western Louisville New Albany and Chicago show gross and net figures and monthly totals for March and December 1891 and prior years. Highlights include surpluses at Milwaukee and Oregon Improvement, deficits at others, and various income streams like interest and other income.
A list of quarterly and semiannual dividend payments are due from major companies and railways. Entires include American Bell, Chicago Milwaukee St Paul, Rock Island & Pacific, Delaware Lackawanna & Western, General Electric, Georgia Alabama Investment, Great Northern, Lehigh Valley, Hudson Navigation, Long Island, Missouri Pacific, Manitoba, New York & New England, Northern Pacific, National Lead Trust, New England Telephone, Norfolk & Western, National Cordage, Scroila Copper, Procter Gamble, Burton Hole Machine, Rio Grande Western, Thomson-Houston International Electric, Central R.A., Union Stock Yards, and Western Union with payment dates ranging April through May and various per cent rates.
The public offering lists capital stock of 700000 dollars for two breweries in Connecticut, split into 14800 preferred shares at 8 percent and 14000 ordinary shares at 12 percent, with $100000 reserved for working capital. Preferred dividends are cumulative, earnings reported show an 8 percent on preferred and 10 percent on common over the last two fiscal years, with a $16,086.54 surplus. Directors and registrar are named, ownership transfers from Farmers' Loan & Trust Co. alongside details of property valuation and guarantees.
New Haven March 11 1891 public accountants certify total net profits of the A Winter Co Brewery and the Morden Brewing Co of the Connecticut Breweries Co for 1889 and 1890 amounting to 142086.54 dollars. Signed A H Morse Co I B Prindle cashier Peaceusess Nat Bank Bridgeport C L Rockwell cashier First National Bank Meriden.
The Bridgeport and Meriden breweries form a new company to acquire enlarge and run both plants under one management. Former Meriden and Bridgeport owners will stay in management with salaries not exceeding five thousand dollars annually. Bridgeport plant sits in central Bridgeport with a five story brick building. Meriden plant occupies central Meriden with a long block and a top quality model facility. Output serves local customers with plans to expand including bottling for New York market. Stock subscriptions already exist among customers and investors.
Eastern Electric Cable Co. shares listed with price notes. Thomson-Houston Electric Co. and Westinghouse Electric Co. appear in the snippets. European Welding Co. also referenced with pricing marks.
Money on call stays easy with last loan at 3 percent and mercantile paper at 6 8. Sterling rates firm for bankers' bills while government and railroad bonds hold steady. The stock market remains active and broadly higher after noon, with Sugar, Chicago Gas, and the Grangers leading. Burlington, Union Pacific, St. Paul and Louisville show gains, while Illinois Central and Great Northern prefereds lag. Trading volume exceeds recent weeks as prices close near day highs.
Miscellaneous stock exchange sales reported by Wilson W Fay & Co at No 7 State Street list items including Geyser Min with uncertain figures, E Auto Gas Lighting, Eastman Car Heater, Beaver Cons Elec Light and Edison Volyform among others with small lots and prices, unclear due to OCR corruption.
London trading update lists Consols at 96 7 16d for money and 96 11 16d for the account. Erie seconds quoted at 102 3 4, Illinois Central at 97 4 4, Mexican ordinary at 40 3 4, and St. Paul common at 96 3 4 for the day played.
Reading of bond and currency quotes shows New York Central at 104 percent, a 3 per cent rake on francs at 94.90, bar silver at 44.75, money market at 1.4 and 2 per cent, with open market discount rates for short and three month bills at 2 percent.
A translation notes the Carlsbad Sprudel Spring praised by poets Goethe and Schiller with lines on health and virtue. It mentions Sprudel Salt powder and warns that genuine bottles must bear Eisner & Mendelson Co. signatures as agents in New York.
A historical analysis argues the Democratic opportunity among Alliance voters in the 1892 election, outlining farmer currency pressures, political alignments, and the potential impact on party strategy and policy focus. It examines monetary reform, debt relief, and cross faction cooperation shaping electoral prospects.
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