The Portland daily press., 1884-06-13
RAILROAD MATTERS.
The Boston and LOweII-PrOpOsed Lease
of Other Railroads.

The Boston and LOweIl-PrOpOsed Lease
of Other Railroads.
special meeting of the stockholders Of the Bos-
ton and Lowell railroad to act upon the proposed
lease by the Lowell corporation of the Northern
railroad of New Hampshire. the Peterboro and
Hillsboro, the Concord and Claremont and the Bos-
ton, Concord and Montreal railroads. was held in
Boston yesterday After some preliminary action
it was decided to take full ballot of the stock
holders, the polls to remain open until Wednesday
next. The terms proposed by the Boston and Low
ell road are that it will pay to the Northern road
$39, ,355 in gold quarterly as rent, the first pay
ment to be made July 1st, 1884. 1t assumes also
all taxes, assessments and charges. 1t will pay in
terest coupons upon the existing first mortgage
bonds of the Concord and Claremont which bonds
amount to $500 900 and also the interest coupons
upon the first mortgage bonds of the Peterboro and
Hillsboro which bonds amount to 100000 and also
the interest the coupons upon the first mortgage
bonds of the Peterboro and Hillsboro, which bonds
amount to 100000, and will cancel the bonds at
maturity upen receiving therefor new bonds to the
same amount at no higher rate of interest. 1t will
at its own expense maintain the properties in as
good order as they now are and will make no mort
gage without securing the above conditions to all
parties concerned.
The terms of the lease with the Boston. Concord
and Montreal railroad are substantially follows
That the Boston and Lowell company will at its
in good condition; that sum equal to 20 per cent
of the gross receipts of the Northern Concord and
Clarement, N. H, ,Peterboro and Hillsboro, Boston,
Concord and Montreal and Pemigewassett Valley
railroads less 100000 per shall be set aside
for the Boston, Concord and Montreal railroad, as
a rental for its road and the Pemigewasset Valley
and the Boston & Lowell will in consideration,
thereof guarantees to the Boston, Concord and Mon
treal Company that the balance Of the 25 per cent
remaining after the deduction of the $200,OO0 per
annum shall be equal to a sum sufficient to pay the
in crest upon all Indebtedness of the lessor compa
ny and six per cent on outstanding preferred stock
for the first year, and five per cent upon the same
for each succeeding year thereafter during contnu
ance of the lease. The lessee company agrees that
it will once in three months pay to the lessor any
difference between the rental provided for guaranty
give, and it is further understood that in the
gross receipts of the several roads exceed in amount
in any year 81 600 900 the rental of the lessor
shall not exceed in such event 25 per cent of said
81 100000.
The Union Pacific.
A Washington despatch states that the experts
appointed to examine the Union Pacific accounts
have returned and make unfavorable report to the
effect that the decrease in earnings in the first
quarter of the year as compared with 1888 was
81 800, 900, and that no dividend has been earned
and none could be paid.
Wall street was flooded yesterday with all sorts Of
unfavorable rumors. 1t was reported that the gov
ernment's experts had discovered deficiency of
$4,000, 900 in the Union Pacific sinking funds
and that tn money had been used to sustain the
market value OF Il6 SU0ck. FT6S1QelG DlllOn
states that the company has done nothing whatever
in the stock, and that not one dollar has been use0
for such purposes. II was further stated that
Pacific road at Humboldt, but later, this was Off
cially denied by the company's agents. These
ports had an adverse influence on share speeula-
tions which was weak and feverish. ..ss
sxailread Receipt.
PORTLAND, June IL.
Received by Maine Central Railroad, for Portland
3R miscellaneous merchandise. for C0nnantjnp
roads, SO cars miscellaneous merchandise.
Hides and Fellow.
The following are Portland quotations on Hides
and Tallow:
OK and Steer Hides 80 fbs weight and over7c Y fb
Ok and Steer Hides under 80 bs.........6c " fb
Cow Hides, all weights. .................. cP tb
Bull and Stag Hides, all weights. 4c y fb
Sheep skins 76c9$l each
Light and Deacon Skins. .....-.. rs to 4oc each
Rendered Tallow. w.--.............-....... 74scP ID
Dry a1o0sis wholesale EsariEes.
This following quotations are Wholesale prices
woolons and Fancy Goods. corrected dsily by Deer
Ing Milnken Il Co., 1853 Middle streets
uNsLEACHEp oorroSs.
No Navy ss;n in IL sno E;,, = lS3sgjss
Light s. IN. Szsa Fine 81. :2s8S11a
fine 80 in. q 8ys Fine i(-4....26 g3o
staACAED Uorro&s.
Best 44....1O,s DI2 fine 6-4 i6 1IS
Med. A.. 71a 91O fine IA LIB 9221s
Light A.. q a Fine S-4....2O @25
Fine "a. .....221a (D2715
Fine 10-4 rs @S2as
TICKINas. ETC.
Tckings, Drills.... ...... 69 9
Best.. IA @161a Corset Jeans. .6Aa q S15
Medium. lO1a 91318 Satteens. a
Light. .... q 8 Cambrics.. 59 61a
Oenims, best 1315@1515 Silesias. .101sd18
Ducks........ 8 021315 Cotton FlanI ole. Brown
Fancy 111R@1A 7i5141s
" Bleach cd. S9l61a
8atting. ...... 899 9g10@lO1a@Il IA 9l21s