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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Nov 05, 1896
Page
6
Treasury reports indicate higher wages and compensation structures are expanding, with deposits of recently imported gold already arriving. The development suggests a shift in fiscal policy and potential inflationary pressures.
In Pittsburg this morning the division superintendent ordered a shift to full time with twelve hour days and six to seven day weeks, ending idle time. The Walls and Altoona shops will begin tomorrow, a move tied to yesterday’s election. Separately in Baltimore the Sloss Iron and Steel Co. reports buyers expect stable prices and producers quote a 50 cent advance for prompt delivery, signaling renewed prosperity for iron.
Washington officials say the Treasury will be a large gold gainer for some time as imported gold is deposited in exchange for Sherman notes and United States notes. Deposits began today with 2.38 percent gold moved in from New York, and currency taken in. the Treasury holds about 40 million Sherman notes and 58 million United States notes for exchange for gold.
A fashion pattern description for garnet zibeline guimpes with velvet trim and two skirt styles. Details include center back closures, pinted plaits, and adjustable waist fullness. Sizes 2 to 14 years offered with pattern numbers and prices, orders sent to New York with short delay.
Glasgow merchants foresee a McKinley tariff spike influencing trade. They expect sugar duties around 2 cents, boosting December to February US purchases and tightening European woollens, soft goods, iron and steel deliveries before March 1897.
San Francisco reports near capacity wharves with vessels discharging and loading cargoes. Steamers and sailboats load grain for European ports while many ships wait in the stream. City of Benares Forest Hall and Valkyrie sailed yesterday bound for Queenstown with wheat in their holds.
London reports McKinley’s win spurring trade in Bradford and Yorkshire as American dealers place large orders for wool and clothing. Prices for raw and manufactured materials rise while Dundee notes local investment firms buying American securities since the election. The overall market for goods has not yet shifted.
London observers note that if Lord Salisbury’s forthcoming Lord Mayor’s banquet speech matches the satisfaction caused by M. Hanotaux’s French Chamber address, European markets expect increased business activity beyond the past year.
Berlin bankers and bourse operators say they are satisfied with the U S presidential outcome. Exporters expect large orders now McKinley is elected. Germany fears a high US tariff. Ambassador Uhl expects revived trade with the United States.
August Schrader, famed healer, drew vast crowds at Salter’s Casino Bayonne yesterday. He plans to open in New York Friday likely at Masonic Hall. A German father carried his crippled fourteen year old daughter to see him, hoping for a cure. Schrader blessed a handkerchief and promised gradual improvement. The father pressed for a sooner fix, but Schrader warned it might take two years.
Gloucester on November 4 saw Marshal Parsons launch a liquor raid arresting Charles Kendall Edward Kippin Charles W Grown Fred B Thomas and John E Keefe. Edward Tobin and James Melanson were convicted in police court for liquor keeping and fined 100 each.
In Pittsfield Massachusetts on November 4 Mr Crane won election and the town lit up. Daktor hosts open house with Mr Crane providing refreshments to celebrate the victory.
The Fall River school committee discussed abolishing slates and sponges in favor of paper in schools. The change is expected to be adopted.
Two 13 year old boys from Rice Grammar School Walter Earl Averill and Ernest J Hills ran away after skipping school to travel toward West Wenham and Springvale Maine. They bought Lowell tickets, stayed with Mrs Julia Finnegan in Lowell, then walked twenty six miles back before being returned to Boston by police. Their mothers retrieved them and the boys admitted the plan.
The sunken schooner Modesty remains largely unrecovered due to rough seas as masts were removed to aid raising efforts. Tug Peter B. Bradley and lighters stay on site awaiting favorable conditions to lift the vessel.
Boston shares surged with heavy buying before noon as traders sought quick profits on leading issues including Sugar Bay State Gas Pioneer and Boston Montana. Rumors swirled about Addicks and changes in Bay State Gas while a sharp rally faded into a modest close with overall gains. Pioneer reported favorable No 4 tunnel notes and potential big gains ahead.
Telegraphic from the U S Naval Observatory to Harvard College Observatory reports Perrine’s discovery of a faint comet. Precise positions given: Nov 2 2007 GMT R A 20h 21m 35s dec plus 25° 6′ 40″ and Nov 3 7215 R A 20h 19m 55s dec plus 24° 21′ 5″.
The Puritania Outing Club, a leading North End social group, held its opening last night at the club rooms on Commercial wharf near Atlantic avenue. The crowded rooms were filled with members and friends who enjoyed music and dancing into the late hours.
The Middlesex Club will celebrate the Tuesday result at the American House on Saturday at 1 30 p m. Speeches are planned by Senators Hoar and Lodge, ex Governor Boutwell, the Hon G H Lyman, Congressmen Barrett and McCall, the Hon H M Knowlton and G A Marden.
Not excelled by any high priced gaiment, Salva tion Or, twenty five cents a bottle.
Sales reported by Wilson W Fay Co and others show assorted stock numbers and values. Items include 100 Water Power Assented, 100 Pontiac Mining, 50 McKay & Copeland Lasting, 3.75 100 Rutland R R com, 58 American Electric Heating, 5 United Telegram, 50 International Button Hole, 68 Swift Co, 1000 Terminal City. The fragmentary list indicates a catalog of firm names with monetary figures and item identifiers.
Julius C. Morse letters the Post to correct a published item about Major McKinley. He says the clothes incident occurred four years earlier during the Mills bill period when McKinley was a Ways and Means member, not chairman, and asks for a correction.
Miss Gracie B. Munro received a gold watch at her home on 545 Eee Sets Avenue last evening from Ernest Otto on behalf of her friends. A pleasant entertainment followed the presentation.
Through car service begins Sept 10 1896 with multiple Boston to Albany Chicago Cincinnati and St Louis routes. Trains No 7 15 19 283 87 68 83 49 48 75 and 68Night Express offer sleeping and drawing room cars dining service and connections to New York Hartford and Springfield. Tickets and schedules available at city and station offices.
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