07 Feb 1888
Page 1
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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Feb 07, 1888
Page
1
A Methodist Episcopal Church in Fremont Ohio burned in a blaze while the town faced wider news, including tariff talks in the House, a pending Pacific railroad committee dispute, and local incidents. The report notes other items such as a Spencer farm house fire and various political notes from state and national agendas.
Prince Bismarck spoke to the Reichstag on the military loan bill, urging peaceful aims with force behind Prussia, noting Russia and France risks, and stressing a million troops on frontiers. Vienna and Paris reports follow on budget and foreign policy.
New York reports a looming rubber trust as a compromise among Meyer and New Jersey manufacturers outlines pooling stock for a national trust. Low cost factories stay active while others close, boosting profits but risking thousands of jobs and higher consumer prices. working capital estimated at 50 million dollars with annual trade around 100 million.
In a sequence of events at Metropolitan National Bank, directors met through the day and received a $200,000 loan from united banks, then $50,000 more was pledged. A deputy marshal arrested ex-vice president J R De Camp on a false-declaration charge, and the banks withdrew support. The bank will suspend, liquidate, and a receiver will be appointed as government examiners take control.
The forecast covers twenty four hours from 7 a m Tuesday February 7. Maine New Hampshire Vermont expect fair weather then light snow with a slight rise in temperature and variable winds. Massachusetts Rhode Island Connecticut fair and warmer then light snow and colder Wednesday with light to fresh winds. Eastern New York fair then light snow in the north portion with warmer followed by colder and light to fresh winds. Southeastern New England fair with rising temperatures tonight. Observers report high pressure in Utah and low pressure in Dakota moving toward the lakes with another low pressure center bringing snow. Tuesday outlook is fair and warm with possible rain or snow.
Observations were recorded at the game moment across all named stations. Data notes cover timing and across the reporting points to ensure synchronized recording of events and positions at the moment the play occurred.
Copper futures for February 16.70 and March 16.80 held steady as buyers outbid sellers in New York. London opened lower amid war scare, then closed strong at 75 pounds 12 shillings, with 400 tons traded and a rare surge in demand. Tin and lead movements noted, including a firm lead with four carloads sold.
The Abercoin, sailing from Maryport England to Portland, wrecked off Gay's Harbor with a cargo of iron. Three of the twenty seven crew members were saved. The ship and cargo are valued at $120000.
Shipping news lists multiple arrivals and departures with vessels such as British Queen from London to Boston and Eider from New York to Bremen. Ships footnote positions include off Malta Halifax Southampton Lizard and various origins including China, Japan, Amsterdam and Messina with cargos and routes to New York, Bremen, Antwerp, Boston and Philadelphia.
Auctioneer Leonard Co. advertises a sale of personal property from the Brom Fleat Estate on Iichad Street. The notice lists the auctioneer as the agent and indicates a forthcoming auction event.
Six day strike of freight rates across the West with Missouri River points seeing declines. St Louis & San Francisco matched Chicago lines to Missouri River destinations, triggering drops by Rock Island Missouri Pacific and Atchison in Kansas. Lumber grain livestock and packing house rates all fell, with Cedar Falls and Des Moines regions hit.
In Suheenantopah Penn a tense standoff cooled as Sheriff Dufty and Captain Christian deterred riot threats at Keeley Run. Coal operations at William Penn and Suffolk continued under armed guard while a Polish led meeting at Robbins Opera House urged calm amid unrest and religious rhetoric.
In Pittsburgh Pennsylvanians report continued unrest at the Solar Iron Works where over one hundred non union workers, all colored, resumed operations under police protection. A mob attacked as the workers left, injuring several lightly while officers escorted them home.
The General Executive Board met in Punxsutawney Pennsylvania and endorsed the Reading railroad workers strike. Members Barry Bailey Carlton McGuire and Secretary Hayes attended with Powderly and Ira Aylesworth absent. The board pledged moral or financial aid to the strikers. Powderly could not attend due to illness and was expected to arrive soon.
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