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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jan 07, 1887
Page
6
An Albany despatch reports the Troy and Boston line to be consolidated with the tunnel system, backed by the State and Fitchburg interests. The arrangement aims to develop Boston’s commerce by improving location terminals and connections, despite large deficits and no cash on hand.
The Boston money market shows little change with good general paper at 6 percent and call loans 5 to 6 percent. Clearing house balances and New York funds are reported, with government securities weak and sterling steady. The local stock market remains active with Atchison leading and a broad list of stocks traded. analysts note possible volatility if the interstate railroad bill passes. Union Pacific, Oregon Short Line, and Central Massachusetts figures show notable movements amid broader market chatter and speculative fever.
Money on call is easy 4 to 6 percent. market opens weak then rallies to near best figures of day. St Paul Omaha coal stocks lead gains as overall activity increases. bonds mixed though railroad issues remain heavy. daily turnover 332,758 shares with notable price moves across Canadian Southern Delaware L and W Chicago St. Louis Missouri Pacific and others.
London prices for United States, Canadian Pacific, Erie, Illinois Central and New York Central shares show modest moves. The market lists Consols at 1009 16, United States 45 13056, Canadian Pacific 68 percent, New York Central 116 percent, Pennsylvania unknown.
Analysis shows Fitchburg acquisition of the Hoosac Tunnel and related lines boosts its market reach. Experts note the deal echoes a broader plan to merge with Boston Hoosac Tunnel & Western, creating a Boston to Johnsonville route. The transaction shifts preferred stock terms and raises questions about state bond security and future legislative changes.
Judge Shipman dissolves a temporary injunction in the Mills versus Hurd case. The Consolidated Rolling Stock Company of Connecticut, formed by 1886 act, merged Housatonic, Boston and Maine, Bridgeport and New England Rolling Stock companies. Mills, a stockholder and trustee, challenged the consolidation and sought accounting and liquidation. The court denied the motion and dissolved the injunction.
Reports show St Paul and Duluth earnings for December 1886 rising to $32 580 with 1885 at $29 651 and increases in January to December figures. Manitoba 1886 gains narrow while 1885 earnings slip. The Denver and Rio Grande Western seeks a regular stock list, and Wabash news splits stock into two entities with uncertain stock position. Chicago and Alton and Wabash post December gains. Railroad construction expands in New Hampshire Ohio and Texas as weather signals spread and midwestern links to Chicago are planned.
Poor and insane census lists inmates across Massachusetts facilities. Tewksbury almshouse totals 970 with 436 men 468 women and 36 boys 830 girls 970. Monson Primary School 336. Bridgewater Workhouse 459. Worcester Lunatic Hospital 751. Taunton Lunatic Hospital 624. Northampton Lunatic Hospital 478. Danvers Lunatic Hospital 707. Westboro Insane Hospital 187. Worcester Chronic Asylum 390. Lyman School 107. Lancaster Industrial School 73. Massachusetts School for Feeble minded 161. Eyed Hees total 5243. In 1884 5086 inmates. 1885 6467. last year 6228.
About forty Prohibitionists met in Tremont Temple vestry led by Solomon Woodberry who urged extended political activity. The ward and city committee was chosen with Woodberry as president and William Heason as vice president, along with Marks Adams Shilliday and others in secretary and treasurer roles.
The Rev David Gregg of the Third Reformed Presbyterian Church New York says his Park Street Church Boston visit was his first in the city. His congregation has not been officially informed of his call and a decision will take at least a week. He has served nearly seventeen years and received other invitations including one from a Boston church and one from Pittsburg.
The body of Mrs Julia Appleton McKim was buried in Mount Auburn cemetery after services at Trinity Church at 12 30 conducted by Rev Phillips Brooks. Music by the church quartet and organ included I know that my Redeemer liveth Abide with me and I heard a voice from heaven. Near relatives and cousins acted as pallbearers.
Wool, flour, corn, oats, butter, cheese, eggs, hay, potatoes, apples, beans, and packed meats remain steady or firm. Fresh beef is firm yet quiet, sugars and molasses unchanged, sweet potatoes dull, potatoes easy, and general demand moderate for apples.
The Boston wool market reports 5047 bales domestic and 8330 bales foreign received in the week ending Jan 6, with last year comparable figures. Sales total 2 662 000 lbs. Domestic and foreign wools show varied prices across regions, with overall firm prices due to ample stock. New York and Chicago markets described as cheerful with renewed demand, Texas and California wools noted as quiet or steady, and outlook favorable if London sales open higher.
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