The Maritime History of the Great Lakes
British Whig (Kingston, ON), March 16, 1882


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Full Text

p.3 Secured A Charter - The steambarge Indian, and consorts, have been chartered to carry ties and telegraph poles to Charlotte. The rate given on poles is 20 cents apiece. The trip will probably not be made until after April 1st. Insurance rates begin then.

Whats The News - Rev. Bone had meeting on Garden Island last evening.

stewards, mates and pursers of R. & O. waiting for appointments.

RICHELIEU & ONTARIO CO.

Rumors concerning the sale of five boats of this Company, says the Witness, have lost none of their force this morning. The boats mentioned as sold are the Corinthian, Spartan, Corsican, Algerian, and Passport, and the price $280,000. Thus far the Company's officers will give no information concerning the story, which is as follows: A Company is to be formed with a capital of $500,000, in which the Richelieu people are to take one hundred thousand; a New York capitalist one hundred thousand; the St. Lawrence River Navigation Company fifty thousand worth of boats and fifty thousand cash, and the remainder to be supplied by Ontario steamboat owners. So far as can be learned there is no truth whatever in this story. Mr. Lunt, who was in Montreal yesterday, admitted that there had been negotiations concerning the sale of boats, but that there was no truth in the published story that a sale had been agreed upon. He left last evening for the west.

Meantime the story of the sale seems to have been taken "the street" like wildfire, and Richelieu & Ontario stock leaped 2 1/2 % before the close of the morning Board. It settled back a little afterward. It does not seem to occur to sanguine investors that these feverished rumours have sent Richelieu up and down like a shuttlecock several times during the past twelve months with the only result of encouraging stock gambling and rumor-hatching.


Media Type:
Text
Newspaper
Item Type:
Clippings
Date of Original:
March 16, 1882
Local identifier:
KN.14406a
Language of Item:
English
Donor:
Rick Neilson
Copyright Statement:
Public domain: Copyright has expired according to the applicable Canadian or American laws. No restrictions on use.
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Daily British Whig, 16 March 1882 Daily British Whig, 16 March 1882
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British Whig (Kingston, ON), March 16, 1882