Stock Market Rally After Villard Declines Amid Firm Close
The market recovered late as Villard stock selling eased after Decker Howell & Co suspension, with common dropping 23 to 17 percent and North America around 3 percent. The general list firmed, several names fell 5 to 20 percent, and bonds plus higher-yield issues showed mixed moves. Sending a relief tone, the day closed with a firmer, active tone and notable speculative activity in income and railroad issues.
MENTIONED IN THIS ARTICLE
North America
Jowest
Decker, Howell & Co
Villard
Toledo
Ann Arbor
North Michigan
Louisville
New Albany
Chicago
Great Northern
Edison General Electric Light
Cadillac
Whitney & Co
Morgan
Louisiana & Texas
Texas Pacific
Atchison
Northern Pacific
Iron Mountain
Canada
Southern
American Dock
Omaha
Hocking Valley
East Tennessee
Erie
Iowa Central
Mobile & Ohio
Richmond & West Point Trust
Wabash
Clearing House to Issue Loan Certificates in New York
On Wall Street rumors of banking trouble culminated after hours as three Clearing House banks faced unsettled claims. Bank of North America owed 1 1 400 000, due to Decker Howell Co. The Mechanics and Traders Bank settled, others aided by the association. Money scarcity drove urgent demand at one half percent and legal rate. A presidents committee will issue Clearing House loan certificates backed by bills receivable and collateral to distribute reserves and avert panic. Crowds at the Windsor Hotel discussed the plan with cautious optimism.
MENTIONED IN THIS ARTICLE
Clearing House
New York
Navy
Wall Street
New York Clearing House Association
Bank of North America
North River
Mechanics &‘ Traders
Mechanics & ‘Traders’ Bank
All Right
Decker, Howell & Co
Clearing House Association
United Credit
United
Windsor Hotel
Failures of the Day Hit Wall Street Firms
New York report details mass suspensions including Decker Howell & Co of 447 Broadway with liabilities around 10 million and assets above, plus Narr & Vriend and Charles M Whitney & Co. The collapses stem from cash shortages, margin calls, and heavy obligations to banks. Whitney, Walker, and other brokers face suspension amid panic, with creditors' payments expected if markets stabilize.
Walker Son & Co Assets and Liabilities Reported
John T. Walker, Son & Co. shows liabilities of 1.1 million against nominal assets of 1.3 million, with 500000 in merchandise and 800000 in accounts and bills receivable, half owed by Nightingale Bros. & Knight. Suspension of payment came from tight money markets and silk paper suspicions. The firm dealt in raw silk and tea. David Richmond of 43 New Street assigned to Frank L. Requa. Richmond, a Stock Exchange member since 1870, was known for conservative business. liabilities not believed large.
MENTIONED IN THIS ARTICLE
New York
Decker, Howell & Co
Villard
Standard Oil
Chicago
Narr & Vriend
Philadelphia
Northern Pacific
Narr & Friend
Charles M. Whitney & Co
No. 96
Broadway
Whitney National Bank of
New Orleans
Quintard
Charles M. Whitney
Edwin M
Frank M. Larcher
West Orange
N. 4
McCurdy
Whitney & Co
Columpbus
Toledo
Hocking Coal &Isn Company
Stock Exchange
Johkn
Ty Walker, Son & Co
Pine Street
RG. Dun & Co
John T
Joseph Walker
John W. Cowles
Brooklyn
William P. Ryle
Nightingale Bros. & Knight
Paterson
N.J
John J. Walker
John T. Walker, Son & Co
David Richmond
New Street
Frank L. Requa
Richmond
The
Treasury Windom weighs relief moves as bonds redeeming
Secretary Windom said the market shows improvement and the worst may be past. He would not commit to Treasury relief actions but indicated readiness to redeem 42 percent bonds with available resources, while not yet approaching 4 percent bonds. He noted a tight $9 million surplus after large disbursements and explained heavy payments in recent months, including pension and bond purchases, raised currency in circulation to about $163 million, with 44 percent bonds redeemed today totaling $157,500 and bringing the year’s total to $4,601,500.
MENTIONED IN THIS ARTICLE
Treasury
Wastmngton
Windom
Wall Street
Treasury Department
Department
London Stock Exchange Opens Amid Crisis Fears
London reports early gloom with fears of dearer money and a likely price collapse. A Bank of England broker announces large gold inflows from Paris and promises from Russia, lifting sentiment. By noon money borrowed eased to 6 percent, rails 6 to 8 percent, and liquidation progressed. American railroads rise, rupee paper and English rails gain, closing with relief despite a prior collapse rumor.
MENTIONED IN THIS ARTICLE
London
Stock Exchange
Bank of England
Paris
Russia
New York
Times
Nussia
France
Brazilian squadron receives cordial welcome in New York
The Brazilian fleet arrives in New York mid November. The Dolphin and Yorktown will greet the squadron at Sandy Hook with a salute. Admiral Da Silvera and officers will be entertained in Newark and Washington, with visits to Mt. Vernon and the Naval Academy.
MENTIONED IN THIS ARTICLE
Washington
United States
Walker
Rio Janeiro
New York
Dolphin
Sandy Hook
Sterling
Yorktown
Governor's Island
Bedloe’s Island
North River
Philadelphia
Gherardi
Vesuvius
Admiral da Silvera
Newark
Mt. Vernon
Naval Academy
Niagara Falls
Aquidaban
Guanabara
Queen and Crescent to be merged under East Tennessee system
Chattanooga official announcement states the Queen & Crescent line from Cincinnati to New Orleans will operate under East Tennessee Virginia and Georgia railroad leadership. Henry Fink named general manager with Ki. Ht. Hudson as assistant general manager and B. W. Wrenn as general passenger and ticket agent. In New York, the Trunk Line Passenger Agents Association votes to stop selling tourist or low rate tickets.
MENTIONED IN THIS ARTICLE
Chattanooga, Venn
Queen & Crescent
Cincinnati
New Orleans
East Tennessee, Virginia & Georgia Railroad
Henry Fink
Ki. Ht. Hudson
B. W. Wrenn
New York
Trunk Line
English girls report desertion by dancing impresario
Two English girls Jessie Mason sixteen and Katie Murphy fifteen accused Italian Joseph Stephani of taking them to America to sing for ten shillings a week. They traveled via New London where threats failed to force further singing. Stephani took their clothes and disappeared. New London officials funded their return to England and barge office workers aim to send them home.
MENTIONED IN THIS ARTICLE
New York
Jessie Mason
Katie Murphy
Portsmouth
Eng
Joseph Stephani
America
Stephani
Brooklyn
Bridgeport
New Haven
Hartford
Norwich
New London
McAllister Evening Garment Reintroduced For Gentlemen
The McAllister, an evening outside garment by A. Shuman & Co, is again offered for sale. Noted for light bulk, pliability, and warmth, it shapes well for both walking and riding.
MENTIONED IN THIS ARTICLE
McAllister
Messrs. A. Shuman & Co
Sugar Trust Receivers Appointed in Brooklyn Case
Judge Pratt in Brooklyn’s Supreme Court appointed receivers to take possession of Sugar Trust property. Harry Havemeyer Stephen White and General Henry Slocum named with bonds of 500000 each. He vacated the injunction on reorganization and outlined duties and restraints on trustees.
MENTIONED IN THIS ARTICLE
New York
SpreciAr
Pratt
Supreme Court
Brooklyn
Sugar Trust
Harry O. Havemeyer
Sugar Refineries Company
Stephen V. White
Wall Street
Henry W. Slocum
Central Trust Company
Duncan Cameron
Brooklyn Sugar Refining Company
Cameron
Suzor
K. W. Slocum
H. O. Havemeyer
People's Trust Company
Mr. White
Jay Gould
Arthur B. Claflin
General Silocum
William Marshall
John G. Jenkins
General Slocum
Street Railroad
Congress
Havemeyer
Great Sugar Refineries
Interest Dividend Declared for Lancaster Bank Receivership
John W. Corcoran, receiver of Lancaster National Bank, declares a 6 percent interest dividend on proved claims from Jan 20, 1886, to Nov 20, 1890. Recovery of concealed funds from Tinmouth Mountain enabled previous 50 percent and two 26 percent dividends plus a final 10 percent by 1889. Remaining task is a small surplus distribution to stockholders.
MENTIONED IN THIS ARTICLE
Lancaster
John W. Corcoran
Lancaster National Bank
William H. McNeil
Tinmouth Mountain
Massachusetts
McNeil
Canada
Corcoran
Gloucester schooner Queen Seized Over Customs Violation
The Gloucester schooner Queen arrived at Souris to load turnips and potatoes and was chartered by Matthew McLean & Co. Captain Seeley sought clearance, but Collector Foley refused and the vessel was seized on a customs act violation charge alleged to have occurred last year under a different owner and captain.
MENTIONED IN THIS ARTICLE
Halifax
Queen
Seeley
Souris
P. Kk
Matthew McLean & Co
Foley
Fire roars through Madrid tobacco factory
Mapkip November 11 A large tobacco factory in Madrid was destroyed by fire causing about 200000 dollars in damage. Hundreds lose work as the blaze still burns in cellars. The queen visited the ruins and opened a relief subscription while a huge crowd applauded. Amesbury November 11 a carriage factory fire destroyed premises of F W Merrill and others, with losses around 2000 dollars, insured.
MENTIONED IN THIS ARTICLE
Mapkip
Amesbury
F. W. Merrill
E. Douglass
J. McLane
A. L., Walsh
Fire Alarms Reported At Two Local Homes
A gas jet ignited a curtain in the basement of Mrs. Stewart at 17 Bowdoin Street causing trifling damage in yesterday afternoon’s 2 05 alarm from Box 28. A second alarm from Box 24 at 6 15 reported a fire in A Ellery’s house at 123 Everett Avenue caused by a burning match into a clothing basket with about 150 dollars of furniture damage covered by insurance.
Philadelphia superintendent resigns to head Drexel school
Professor James McAllister resigns as head of Philadelphia city schools to lead the educational institution founded by Morgan J. Drexel.
MENTIONED IN THIS ARTICLE
James McAllister
Philadelphia
Morgan J. Drexel
National Players League Holds Fall Meeting in Pirrssura
The National Players League opens its annual fall meeting with full club representation. Boston awarded the championship while debates on consolidation with the National League stall. Pittsburg and New York threaten to exit. Judge Bacon to attend next session for legal guidance. Cincinnati applies for admittance.
MENTIONED IN THIS ARTICLE
Pirrssura
Penn
National Players’ League
Boston
Pittsburg
New York
National League
Charles H. Prince
al Johnson
Cleveland
Brunell
H. Prince
John M. Ward
Cincinnati
Players’ League
Hague
Thirteen Shots Fired On Georgia Race Track Tragedy
A sensational shooting at the Chattahoochee Valley exposition in Columbus Ga ends with IT G Dawson of Glenville Ala dying after thirteen shots. Three suspects, Dick and Robert Howard and James Bickerstaff, are arrested claiming justification. Dawson, married to and deserting the Howards’ sister, faced strong local sentiment.
MENTIONED IN THIS ARTICLE
Columbus
G. Dawson
Glenville
Ala
Dawson
Robert Howard
James Bickerstaff
Howards
W. CC. Dawson
Alabama
Eufaula
Creorgia
Municipal Government debated at Baptist congress in New Haven
The Baptist congress in New Haven heard Rev Francis Bellamy of Boston and others discuss municipal governance. Bellamy argued cities fail when run by trained politicians and rings, urging mayoral control of appointments, city gas reforms, and rapid transit with fair rates. He cited 10 percent fictitious gas dividends and urged citizen oversight to curb monopolies.
MENTIONED IN THIS ARTICLE
New Haven
Conn
Baptist Congress
Francis Bellamy
Boston
Alexander
Bacon
New York
Leighton Williams
Amity Baptist Church
New York City
Bellamy
Boston Marine Society Holds Annual Meeting and Votes
The Boston Marine Society met in Berkeley Hall with Captain Luther Fisk presiding. Secretary John Humphrey reported receipts of 1848 and expenditures of 1488.34, while Treasurer J D Wadsworth showed total receipts of 15 174 49 and expenditures of 18 289 91. Officers were elected including Luther Fisk as president and John Humphrey as secretary. New members and honorary appointments were announced.
MENTIONED IN THIS ARTICLE
Boston Marine Society
Berkeley Hall
Luther Fiske
John Humphrey
RK. &. Forbes
Charles W. Lamson
Bernard O'Neil
H. W. Burdett
Charles Emory
Timothy M. Benson
Alexander Crocker
M. F. Pickering
Zenophan
Rich
Wiliam PF
Dancan
Elin Kelly
J. D. Wadsworth
T. P. Qhones
F. D Wadsworth
Captain Howes
Commonwealth
Luther Fisk
Albert Lewis
Ionn Humphrey
Edwin VD. Wadsworth
Osborn Howes
Richard Matthews
James P. Martin
William Loveland
William F. Humphrey
David H. Tall
Rufus Crowell
Damel H. Dawes
Martin L. Eldridge
John L. Manson
Daniel Bakes
J. 5
Atwood
David Plumer
Liorace N. Berry
Edgar Lincoln
Edmund A. Poole
J. J. Mahatty
Abram E. Burse Marine
Powderly to the Knights of Labor Setstle Strikes Demand
Denver November 11 Over two hundred delegates opened the Knights of Labor general assembly with Grand Master Workman Powderly urging union strength through organization and preparedness to strike if needed He criticized New York Central press subsidies and press coverage of Irish aid while workers face hardship He supported equal rights for both sexes and federation with railroad groups and Farmers Alliance delegation invitations
MENTIONED IN THIS ARTICLE
Denver
Col
General Assembly of the Knights of Labor
I’. W. Powderly
Powderly
Brother Lee
Knights of Labor
New York Central Railroad
New York Central
New York Daily
Ireland
America
Farmers’ Alliance
Conspiracy to Defraud In Railroad Pass System Uncovered
A Columbus Ohio investigation finds employees of the general passenger department of the Columbus Hocking Valley and Toledo railroad conspired to issue bogus passes and editors' books. Local brokers Claney and Ranney were arrested with bonds for tomorrow. Charles E. Rose, formerly Pan Handle clerk, is under surveillance and confessed. Kilmer Gibson, late Hocking Valley clerk, is also watched. Further arrests expected.
MENTIONED IN THIS ARTICLE
Kilmer Gibson
Hocking Valley
Passengers Scalded In Hyannis Rail Collision
A collision between a passenger train and a construction train near Yarmouth on the Hyannis branch left about fifteen injured including engineers Samuel McDonald and Charlie Eldridge. McDonald suffered severe head injuries likely fatal. Howes in Yar mouth severely scalded. Free man Chase burned. several schoolgirls also hurt but no serious cases reported.
MENTIONED IN THIS ARTICLE
Hyannis
Yarmouth
Old Colony
Samuel McDonald
Henry H. Howes
Freeman. Chase
New York & Boston Express
European and Caribbean Steamship Mail Schedules Compiled
A detailed listing of mail conveyances from New York and Boston to Europe and the Americas. Includes vessels such as Paraense Antigua Victoria Ems La Gascogne and Pavonia with cutoff times and specially addressed correspondence for Britain Ireland France Belgium Germany and other nations.
MENTIONED IN THIS ARTICLE
War Para
Pernambuco
Paraense
Baltimore
Great Britain
Ireland
France
Belgium
Netherland
Switzerland
Austria
Italy
Spain
Portugal
Norway
Germany
Denmark
Sweden
Russia
Turkey
New York
Antiquera- Victoria
Southampton
Hamburg
Korlestand
Netherlands
Auarania
Queenstown
Liverpool
Scotland
Ethiopia
Spaarndam
Ems
Vie Southampton
Bremen
la Gascogne
Havre
Brazil
la Plata
St. Thomas
St. Croix
St Thbhomas
Barbados
Trinidad and Nemerara
Windward Islands
Vara
Sexgurnoia
Newport News
Trinidad and
Tobago
Alps
la Plata Countries
Flaxman
Yucatan
Campeche
Tabasco
Chiapas
Mexican States
Cuba
City of Washington
Nova Scotia
Yarmouth
Leston
Nassau
N. P
Viking
Hayti
Curacoa
Venezuela
Trinidad
Guiana
Prins F. Hendrik
Costa Rica
Hispania
New Orleans
Newfoundland
Halifax
Boston
Trans Pacific Mails to Asia and Pacific Islands
Shipping mail notices list routes to Japan, Shanghai, Hong Kong and dependent Chinese ports, East Indies, and Pacific islands. Close times set at Boston office on specified dates in November and December for various steamship departures.
MENTIONED IN THIS ARTICLE
Japan
Shanghai
Hong Kong
The
East Indies
British India
Straits Settlements
Siam
Botch
Australia
San Francisco
Boston
New Zealand
Fiji
Samoan
Hiawhakian Islands
Alajeda
Six Per Cent Mortgages on Chicago Real Estate Offered
Offers six per cent mortgages on business and residential real estate in Chicago with full-value insurance. For more information contact Orin Hawkes at Din 113 Devonshire Trees, Room No. 32.
MENTIONED IN THIS ARTICLE
Chicago
Orin Hawkes
Din
Long list of railroad and bank shares offered by estate
On Wednesday November 12, 1890 at noon a probate sale of various securities is announced including Rutland RR Boston Athengton First N bank Suffolk National Bank Metropolitan National Bank and numerous others with diverse bonds stocks and warrants. Also on Saturday November 16 1890 at noon an additional batch of collateral assets and shares from Cutler Land Co Brockton Street Ry Co Long Island RR Co and other railroad and utility concerns are to be offered by administrator.
MENTIONED IN THIS ARTICLE
Rutland RR
Boston Athengton
First N
Reading
Maas. Mutual Ins. Co
Eliot Ins. Co
American Ins. Co
N. Webster Bank
Tremont N. Bank
N. Bank of Commonwealth
N. Bank of No. America
Blackstone Nat. Bk
Lowell Mfg. Co
WN. Union Bank
Suffolk N. Bank
Metropolitan N. Bank
Blackstone N. Bank
de Columbian N, Bank
S. de Tremont N. Bank
de Mechanics’ N. Bank
Dedham N. Bank
Hill Man. Co
Boston Art Club
Order of Executor
B. & Albany RR. Co
Fitchburg RR. Co
Edison Phon
Toy Bull Mfg. Co
Third N. Bank
Mass, Cotton Mills
American Loan
Rast Co
Vremont N. Bank
Boston & Albany RR. Co
Lawrence Mfg. Co
Merrimack Mfg. Co
Cocheco Man. Co
Ottawa, Oswego
Fox River Valley
Boston
Revere Beach
Ollateral
Cutler Land Co
Brockton St. Ry. Co
Long Island RR. Co
West End St. Ry
Eastern RR
United States
Highland St. Ry
West End Street
Globe Investment Co
Boston & Albany RR
Old Colony RR
Bates Mfg. Co
City of Boston
W. L
District of Columbia
Consolidated RR. of
Vt. Lst Mort
Sandusky & Cleveland RR
Ogdensburg & Lake Champlain RR Consol. Mort
Union Pacific RR
S. F
Rulland RA
Eastman F. Car Heater Co
Sand
Kanert St. Joe & Ornelt Blutts
Guar
Lombard Investment Co
Consol. KR
Pierce Quirk
Cohasset Savings Bank
Suffolk Leeds
Brighton
J. Frank Wadleigh
Suffolk
Bennett Street
Kennett Street
Rieker
Wilson
Aic
Loston
Couasset Savings Bank
Mortgaree
Eastern Investment Company
Milk Street
Tur
Andrew A. Meyir
Treas
Also Mentioned on This Page
Railroad Matters
V. White
H. C. Havemeyer
Arthur L. Claflin
P. By
Madrid
Chattahoochee Valley Exposition
General Assembly
Flood
Hood
Levi Campbell
Parkersburg
W. Va
C. J. Hood & Co
Apothecaries
Lowell
Mass
Lewis J. Bird & CO
N.B
Snow & CO
Kfalten St
Concord Grapes
Almeria
Messina
Florida Oranges
Francis Henshaw & Coo
Congress Street
Corner Exchange Place
Boston Stock Knechange
Alen
Massawippi Valley RR. Co
Revere Head & Lynn RR
Passumpsic Rivers RR
Cedar Falls & Minnesota RR. Co
N.tube Works Co
Payne Coal & Iron Co
Do Morris Palatial Car Co
Ft. Payne Coal & Iron Co
N. Tube Works Co
Champion Iron Co
Westinghouse Elec. Co
Franklin Co
Lewiston
Detham N. Bank
Kot Ins
Boston Towboat Co
Charlestown
County of Ramsey
Maine Cent
Eastern
Burl. & Mo
L. G
Newport & Richford RR
Bangor Elec
Lt. & Power Co
Third Nat. Bank
Merrimac Mtg. Co
Hamilton Mtg. Co
Metropolitan Nat. Bank
New York Safety Wedge Elevator Co
Thayer
Hamilton & Dayton RR
Bowman Silver Mining Co
City of
City of Cairo, LI, 88, Jan., 1892. #1, 000 Wyandotte
Kansas
C City & Northwestern RR
Dedham Nat. Bik
Springfield Gas Light Co
Burl
Missouri River RR
Boston & Albiny RR
Farkie Valley RR
Vermont & Maas. RL. Co
Chicago Junction Bus. & Union Stock Yards Co
Plu
Pacific Mills
Merrimack Man, Co
Horatio Harris & Co., Auctioneers and Commission Merchants
State Street
California Fruit
Morocco
Florida
Lewis Wharf
C. E. Morrison & CO
Faneuil Hall Market
California Fruits
R. L. DA Steca
Brak
CUO
Hocom 2
Boston Stock Exchange
Ednesday
Boston Lead Mfg. Co
Worcester Gas Lt. Co
Filiot Ins
Ft. Payne Rolling Mills
National Exchange Bk
Tremont Nat
Merchants’ Nat
National Exchange Bank
Columbian Nat
Citizens’ Bk. of
Wichita
Kantiwinthaatas Mil
ATES
Pfa
Chicago & West Michigan RR
Pass
Rivers RE
Maine Central RR
Sioux City Valley Land Co
American Waltham Wateh Co
Pewahbic Mining Co
Michigan
Kansas City Packing & Chase Refrigerator
Do Para Rubber Shoe Co
Do McKay & Big
M. Asso
Payne Coal & Tron Co
Cedar Rapids & Mo
Col. Springfield & Cinn
Angass City
Memphis
Birmingham RR
Webster Electric Co
Ist
Reece Kuston Hole
Feauw
American Waltham Watch Co
Brookline Gas Light Co
Boston Water Power Co
Lawrence Gas Light Co
Lawrence Vig
Portland
S. R. Knights & CO
Omles
Woepeshington St
Bain St
Cambridgeporte
American Widland Railway
Chicacs
Joel Hayden & CO
New England
Anniston City Land CO
S.ee
Cassino
Gum
Anniston
Alu
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