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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
May 23, 1889
Page
6
London observers note Gladstone's wife receives a diamond brooch bearing a miniature from Millais. Parnell and MPs attend as Ireland endorses Gladstone's platform for nation building without empire risk. Gladstone praises public criticism as discipline and thanks supporters.
In a Cook county insane asylum inquiry Dr. Clevenger testified that reputable staff cannot stay there. He described 1856 dissection bodies scorched due to vermin and criticized the institution as unhealthy and controlled by boodleism. He urged new male and female wards and a 500-patient cap with state control.
A Fall River circular announces Bourne Mills Corporation will offer workers a share of profits for six months from July 4, 1889 to January 1, 1890. Payout expected by February 10, 1890, at no less than six percent of stockholders’ cash dividends, based on continuous service. Planned by President Jonathan Bourne and Treasurer Geo A Chace.
The Connecticut Senate votes 20 to 4 to deny the Housatonic Railroad’s request to build a parallel line from New Haven to New York. The body also approves a bill allowing railroad branches when a Superior Court judge deems public convenience. Senate tabling leaves cross- ing abolition debate to be printed.
At Far River on May 22, thirty six stockholders representing about 8300 shares attended the annual meeting. Officers elected for the year included Corporation clerk Henry K. Braley and treasurer Edward L. Anthony. Directors named were Opathan Bourne J Arthur Beauvais Charles Barney George M Ward Francis A Foster John Brayton Thomas E Brayton Charles J Holmes and Edward Anthony. A letter from A S Covel Boston declined reelection. the board voted to thank him for services. The treasurer reported receipts of 946319 with 36000 for improvements and a net profit of 130673 for the year ending March 30 1889. Total profits and losses reached 2651 87297 with dividends paid 98000 and balance 153872.
Nashua New Hampshire May 22 The annual meeting of the Peterboro railroad stockholders elected officers and directors Edward Spalding George E Ramsdell AB Bott Thomas B Eaton Virgil C Gilman George Hall Charles E A Bartlett Harry W Ramsdell and named E Spalding as president with G C Shattuck as treasurer
Advices from St Pierre dated May 22 state that two French fishing vessels the Ella and Quartre Freres, with 175 men aboard, sailing for Newfoundland fisheries, have been lost and all hands are believed drowned.
Hartrop Conn May 22 The Connecticut House passed the secret ballot bill by 188 to 9 with the sole amendment extending the time for a voter to prepare his ballot from three to five minutes.
The Boston money market stays dull with the clearing house rate at 4 percent and time loans 3 to 5 percent. Exchange with New York and Chicago shows premiums, while government bonds hold at 106 to 132 bid. Mexican Central stock surges on London buyouts as New England and other rail stocks move. earnings and dividends noted with Fort Payne reports and Dorchester Gaslight Company meeting announced.
Chicago, Burlington & Quincy declares 1 percent quarterly dividend payable June 16 with shares eligible through May 23 and books closed May 24 to May 18. Peabody Mills and Fall River Mills announce 1 percent monthly or quarterly dividends. Westinghouse Electric and Pacific Mills post dividends, while Consolidated Gas boosts by 1 percent annually. Cincinnati Indianapolis St Louis & Chicago also declares 1.5 percent payable June 15.
A letter from Henry Villard Charles L Colby and Colgate Hoyt representing the largest permanent investment and majority stock asks stockholders to proxy for a June 17 1889 meeting in Portland Oregon. They seek to stabilize relations among Northern Pacific Union Pacific Oregon Railway and Navigation and oppose moves by St Paul Minneapolis and Manitoba to control the Oregon Railway and Navigation Company. Proxies must be dated no earlier than existing proxies and may be substituted.
Letters of credit issued are now available in all parts of the world, offering global access to financial instruments. Banks report streamlined processing and international acceptance, enabling buyers and sellers to transact with confidence across borders.
New England showed as a dominant buyer in opening trades while demand faded toward noon. Chicago Gas led activity briefly before retreating, with St. Paul and several other issues strengthening midday. The market ended mostly higher with St. Paul crossing 70 for the first time since September and Jersey Central leading gains.
May 22 London markets show mixed consols at 993 16 for Roney and the account. Atlantic and Western estern firsts at 32 percent, Erie at 204, Erie seconds 106 6, Illinois Central 118 4, Mexican ordinaries 52, St Paul common 7042, New York Central 109, Reading 23, Mexican Central firsts 75 14. Money rate 1.1 percent. Discount rate for bills 144 percent. Paris quotes 3 percent rentes at 87 francs 55 centimes. Bank of England bullion withdrawn today 10,000 pounds.
Somerville board of aldermen committee on public property to confer with owners of the old powder house and land to determine a purchase price for preservation as a Revolutionary relic. Concord square schoolhouse contract awarded to Dearborn Bros. & Co. for $21,541.89. almshouse site to be reported at 10 to 20 acres costing up to $20,000.
Honolulu boasts 1024 telephones serving towns and businesses with flat rates of 5 dollars per quarter for homes and 9 dollars for businesses. The Paradise of the Pacific extols the central office that answers instantly and handles calls for breakfast orders, times, and shipping news. A street arc system of 58 two thousand candle power lamps with 60 more planned and 2000 sixteen candle power incandescent lamps for homes completes a sweeping electrical upgrade.
The Woonsocket officer Henry L. Ballou died of consumption aged 47 after a southern California trip. Col George F. Gardiner of New York, aged 62, died of heart disease in the Coleman House. Rev James P. Wilson D D Newark died after overwork at 80, long time Union Theological professor. William Wright LL D Cambridge Arabic professor died in London at sixty.
The Fall River market for print cloth shows more sellers than buyers, with prices easing to about 3 percent. Trade activity is subdued as merchants weigh supply against limited demand.
The market is stocked with light and heavy weight horses largely from the West. At Isburgh & Co a sale of 100 head showed a good average, with prices from 45 to 200 dollars and draught stock in supply. Several stables report strong demand for fine horses and steady prices across categories.
Wheat activity was fair with New York buying seen and local traders bullish early then selling off. Corn opened firm but weakened as receipts rose and cash demand fell. Provisions remained dull. shorts bought little and forecasts hinted only small declines ahead.
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