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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jun 05, 1891
Page
6
The Senate rejected the street railway location bill while debate highlighted the Davis claim on committee views. In related action, the Cape Cod Canal scheme received amendments adopted, shaping the bills’ futures and signaling adjustments by the committee and senate.
The Massachusetts Senate reviews the House bill imposing a 5 percent tax on collateral legacies and 1 percent on direct succession, with amendments proposed to exempt charitable and religious groups and adjust appraisal and collection methods. Debate covers timing, revenue use for the common people, and Probate Court powers. bill extended to Friday.
Reading on party vote President Sprague voted no Thayer of Worcester moved to amend the House bill on License Commissioners powers by striking a prior amendment. The railroad crossing duty bill advanced with Coveney's cross section addition. Charles River Improvement Commission amendments concurred. Treasury Committee reported on appropriation for Woman's Charity Cla hospital.
Special to the Post reports rapid growth in Providence athletics with two new clubs launching this month. Metropole Athletic Club begins with 250 members and Providence Athletic Union exceeds 600, backed by leading professionals and business figures. Plans include a $100,000 new building with a free theatre and a notable slate of committees guiding site, funds, and governance. The piece notes Brown University gymnasium plans, an upcoming track, and active clubs like Eastside Tennis and the Country Club amid a rising athletic movement in the area.
The Boston Normal School of Gymnastics awarded diplomas to a class of thirty three in the Paine Mall gymnasium on Appleton street. Dr Larkin Dunton presided as head master while addresses by President Hall of Clark University and Miss Amy E Homans highlighted the ceremony.
The funeral service for Judge Josiah G. Abbott was held at Emmanuel Church Newbury Street with no eulogy. Pallbearers included notable judges and officials such as Oliver Wendell Holmes and Horace Gray. Delegations from Wellesley and North American Insurance Company attended. Burial followed at St Marys Church Cemetery in Wellesley Hills.
The Boston money market grows firmer yet remains tight with calls at 6 to 7 percent. Rock Island shares tumble from 74 to 71 while Sugar common rises on dividend hopes. London and New York flows, export dynamics, and bank calls influence prices as traders weigh dividends, gold shipments, and crop signals amid a mixed market.
A small gathering at Young's Hotel in Massachusetts planned efforts to popularize the Swiss Referendum in the fall campaign. Attendees included Josiah Quincy of Quincy, A. Banage, and Sylvester Baxter of Boston. No action was taken. another meeting will be held soon.
Dividend notices list payments and dates for multiple companies including Amoskeag, Boott Cotton, Boston Albany Railway, Brookline Gas, Chicago and Northwestern, and others. Entries show per share amounts, semiannual or quarterly schedules, and payment dates such as June 10, July 1, June 18, and July 15, with several pref stock continuations and common stock yields.
On June 4 in New York Money on call remained easy at 2 to 3 percent with last loan at 3 and close offered at 2. Sterling exchange steady weak for bankers' bills with actual business at 4.84 for sixty days and 4.88 for demand. Sugar surged from 84 to 88 amid trading. Rock Island rose over 1 percent to 7144 and Burlington climbed. market closed quiet and firm near opening levels. Several stocks fell early, notably Rock Island, offset by a sharp sugar gain and a late rally. overall, the market finished fairly active, firm to strong, with railroad bonds dull and few notable losses in Chicago & Indiana, Louisville & Nashville, Susquehanna & Western, and Texas Pacific.
A fragmentary OCR style notice lists multiple names such as Best and Belcher, Crown Point, Sierra Nevada, Gould and Curry, Hale and Norcross, and several figures like 4.10 and 2.45. The text is incomplete and includes stray fragments, unclear dates, and inconsistent punctuation.
Reuters style bulletin notes London market figures with Consols at 94 16 16 for money and 958 16d for the account. Canada Pacific at 70 percent, Erie seconds 99 74, Mexican ordinary 83 4, New Yor Ven tral 102, Reading 16 percent. Bank of England cuts discount rate from 6 percent.
A dated 1891 notice lists members and associated firms connected to the Boston Stock Exchange. Included are Nahua Man Co, Payne Investment Co, Blackstone Nat Bank, Tremont Nat Bank, Salem and Nashua banks, Manchester Mills, Saratoga Victory Man Co, Fitchburg pref, Bowker Fertiliser, McKay firms, Griffith Steam Laundry, American Axe and Tool, Glendon Iron, Third Nat Bank, Brookline Gas Light Co, Boston Athletic Association bonds, and other corporate names with monetary values and issue dates.
The open market shows bids for short and three month bills at around 3 percent. Bank of England reserves rise between 17 and 18 million pounds. the bullion balance increased by 3,109,116 pounds this week and reserve ratio climbs from 40.60 to 44.36 percent. Paris reports a 4,076,000 franc rise in gold and 4,626,000 franc rise in silver. Buenos Aires gold trades near a 3.23/4 percent premium.
A dense list of stock lots offered by R L Day Co Breck Auctioneers includes bonds and shares from Kansas City to Boston with many banks mills and railroads. The sale notes collateral holdings of diverse entities with dates June 6 1891 and various debentures and bonds through 1907.
Thousands visited 131 Tremont Street to view the New Breeders Association exhibit of rare and valuable animals. Mrs O Borris oversees the display featuring a cross eyed cat, a monkey with a kitten, a white cat named The Plumed Knight and the oldest cat thought to be from Russia, among others. Entries handled by H Edmands with numerous prizes including a ladies gold watch and silver cups.
The Bath Times reports the schooner Charles 8 Baylies of Bath collided with the steamer Penobscot off Seguin Monday night. The 600 ton Morse fleet coal carrier was not badly damaged, merely smashed on the starboard bow above the waterline. Crew calm after initial alarm. vessel sailed to the Market above Richmond to discharge cargo after meeting a tug.
Secretary Proctor enjoyed a carriage ride in Vermont dining with Senator Morrill at Strafford and staying in St Johnsbury. He plans to join Congressman Grant at Kirby Farm for the night and then proceed to Brunswick Springs to reunite with his family.
A northeast gale with high seas raged at Marblehead all day. The steam yacht Day Dream belonging to Isburgh arrived and anchored, while all fishermen faced stormbound conditions. Trawls nets and traps are at risk, and schooner Oro of Swampscot sought harbor.
Look into a Paymaster's books reports an apparent $10,000 shortage in the Delaware & Hudson Canal Company's accounts after Paymaster Fred C. Ward was injured in a railroad accident. Company officers order a strict audit as they doubt Ward's dishonesty.
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