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Newspaper

Boston Post

Location

Boston, Massachusetts, United States of America

Date

Apr 22, 1887

Page

6

Money Market, Stock Trades Steady Amid Sharp Fluctuations

The Boston money market shows quiet, steady rates with commercial paper at 4 1 4 to 6 percent and loans on call from 4 to 5 3 4 percent. Clearinghouse balances run around 2 1 2 percent, New York funds at 5 to 8 per thousand premium. The Boston Stock Exchange reports mixed activity with Atchison volatile, Mexican Central strong, and railroad issues fluctuating. earnings and listings noted, including Union Pacific bonds and Chicago & Eastern Illinois bonds.

Dividend declarations from multiple firms announced

The Mechanical Refrigerating Company declares a dividend of 83 per share. The Merrimac Savings Bank declares a semi annual dividend of 2 percent. The Cape Cod Five Cents Savings Bank at Harwich declares a semi annual dividend of 2 percent. The Ashton Valve Company declares its usual quarterly dividend of 2 percent, payable May 1.

Mechanical Merrimac Savings Bank Cape Cod Five Cents Savings Bank Harwich Ashton Valve Company

Boston and New England stocks mix of gains and declines

Boston stocks held steady to firm at above day’s lows while overall market extended weakness. Bears targeted New England, Manhattan and Reading as late momentum pushed declines, with some firming into the last half hour. Rail bonds and various issues moved, led by Mexican Central and Lake Shore among others. New York sales totaled 68,836 shares with opening, high, low and close figures listed.

Bears New England Manhattan Reading Consolidated Gas Jersey Central Union Pacific Mexican Central Erie Houston & Texas Generals Lake Shore Louisville, New Albany

Foreign financial markets and bank reserves update

London markets report consol rates at 102 11 16 for money and account. U S four per cent bonds quoted 182 54, United States four and a half per cent at 112 1/2. Atlantic and Great Western firsts 49 1/4, Erie seconds 105, Illinois Central 189, Mexican ordinary 6 1/4, St Paul common 95 1/2, New York Central 117 1/4, Pennsylvania 61 4, Reading 23 4 3, Atlantic & Great Western seconds 12 1/4, Canadian Pacific 66 1/4, Erie 66 1/4. Bank of England bullion up 201,000 pounds. reserve ratio falls to 50.00 percent. Paris Bank of France weekly gold up 850,000 francs and silver up 2,850,000 francs.

Am Bel Tel Erie Eng Cal & Hee Huron Osceola Eeewe Erene Aspinwall Boston Brookline Land Boston Ld Frenchman's Bay Maverick B&n B&q Fitchburg Bee If&scy Ny&ne Railind Seek Ailroads Boi Ing T&s T.hl At & Pac B& MN Cal Suine B.C. Re& Air L C.K Central Lowa Rutland Par Tive Kc&sw Amoskeag Alton East B.& As St. le West End Jang Col. & MH Ats&s del. & HL Ares del. & L B& Alb. Se den. & Rog Abe c Rev Sota Bane B&q Vane Fort Wvayne C1h& Cc B&w Conn & P Tex Itern Lake Shore Mae DMI Nye Lou. & N Gag Man Wae Ag&pine Doe Sane Minn. & Bt Saee KC M & B Os Ev & St Ohio Essex Nash Bal Rip Walts N.&w C.&s Ae Brunswick Ant Alyce N Ohio & Miss West Oregon Pittsbora San Diego Lu Ouamon Land A&p TM & St Ee & Oh F& PN Pullman Union Rilo Portland S&p Asia Erie Pegonae Bell Telephone So Vr New England Telephone Erie Telephone Kani P Aspinwall Land Shore Boston Land Frenchman's Bay Land San Diego Land Adams Wells Fargo Ius Boston Water Power Wee We Arch Atlantic & Soret B. Isle Ontario Crown Point Sanths Do Gaberiats Cristo Sasinige Newroux & New England Eureka Stanislaus Homestake Wisconsin Central Neee Atlantic & Pacific Boston & Albany Boston & Maine Teeree California Southern Teree Central Mass Byayers & Canton Wee Chie North Chie Bar & Quincy Illinois West Michigan San Cleveland Flint & Pere Mara Gpa Springfield & Mary, Hough & Diet New York & New Eng Old Colony Union Pacific Sehen Gols Allouez Arnold Atlantic Brunswick Montana Alumet & Hecla Teese Catalpa Franklin Trenton Quincy London United States Atlantic & Great Western Illinois Central St. Paul New York Central Pennsylvania Reading Canadian Pacific Bank of England Paris Bank of France

Catholic Union elects officers for 1887 1886 Worcester Boston

The Catholic Union of Boston names officers for 1887 1886 led by Honorary President the Most Rev John J Williams and President J C Crowley with a full executive committee. Dover New Hampshire launches Daily Evening Times to run Republican stock paper with Robert W Welch editor. Edward M Lewis station agent at Passumpsic railroad Norwich Vermont commits suicide while ill. Herbert J Hoxie of New Bedford arraigned for murder by drowning his child in Acushnet River August 1 1885 pleads not guilty and awaits trial in New Bedford mid May.

Catholic Union of Boston John J. Williams D.D J. C. Crowley Thomas F. Ring J.G. Blake John J. McCluskey Samuel Tuckerman Thomas B. Fitz T. F. Maguire Henry McQuaid James L. Walsh Bernard Carr John Cartin Bernard McCann Johm Conlon M. R. Gately Dover N. H Daily Evening Times Amd Robert W. Welch Edward XM. Lewis Passumpsic United States & Canada Express Company Norwich Herbert J. Hoxie New Bedford Acushnet River Supreme Court Taunton

New York Markets Open and Close Tumble After Late Rally

Money on call easy from 4 to 6 percent with last loan at 5 and closing at 4. Prime mercantile paper at 5a %. Bar silver 95 14. Sterling exchange quiet and firm. Government bonds dull but firm. Railroad bonds moderately active and firm. Stock market turns active after 2 15 but remains decidedly weak led by Reading New England and Fort Worth and Denver. New England declines about 1 1/2 percent before a late rally.

York Sterling Exchange Reading New England Fort Worth & Denver

Dr C R Dake touts Horsford's Acid Phosphate

In Belleville a local physician Dr C R Dake reports prescribing hundreds of bottles of Horsford's Acid Phosphate. He states it is valuable for nervous disorders accompanied by loss of power, reflecting strong confidence in the remedy's efficacy.

Horsford C. R. Dake Belleville Fnl

Chicago & West Michigan Railway 1886 earnings and growth

The annual report shows gross earnings 1886 of 1 395 980, up from 1 297 301 in 1885. Net earnings reach 370 482, with dividends 153 755 and a balance to credit of income 148 520. Operating costs rise to 73.46 percent, and steel rails, tie renewals, new sidings and stations are noted. The road adds 317.88 miles steel track with 96.56 miles iron remaining.

Chicago & West Michigan Railway Company Newaygo Big Rapids Detroit, Lansing & Northern Baldwin Iaverse City Chi St. Louis & Pittsburg Central Iowa Reorganization Company Norfolk & Western Toledo, Ann Arbor & Michigan Railroad Texas Pacific New York Stock Exchange Lake Erie & Western East Tennessee Virginia Georgia Susquehanna & Western Philadelphia Philadelphia & Reading Ake Shore Chicago Lake Erie & Western Road C. R. Cummings

Meeting N E General Ticket Agents elect officers for six months

The semi annual gathering at Path finder Railway Guide office saw J R Watson as president and George W Storer as vice president. C A Waite became secretary while K K Watson was rerelected to the executive committee. Rates for American Institute of Instruction trips to Burlington were fixed with round trips July 1 to Aug 6 from Boston Worcester Portland Springfield at 8 dollars and other cities priced accordingly. Ohio Mississippi earnings for April stood at 878871 dollars, up 9450.

New England General Ticket and Passenger Agents’ Association Pathfinder Railway Guide J. R. Watson Mitchburg Railroad George W. Storer Boston & Lowell Railroad C. A. Waite Boston & Maine Railroad KK. C. Watson Connecticut River Railroad Mt. Holyoke Female Seminary American Institute of Instruction Enaton Vt Burlington New England Boston Worcester Portland Springfield Lowell Lawrence Itchburg Manchester Haverhill Providence

Market Report Notes Steady Prices Across Commodities

Commercial matters show no changes in leather hides flour corn oats oatmeal rye flour rye barley malt and millfeeds with butter cheese eggs beans potatoes hay straw and grass seeds remaining firm or steady. Truck demand is fair and provisions and fresh beef stay firm while sugar and molasses are steady. Apples also hold firm.

Boots and Shoes Trade Sees Steady Rise in Activity

The boot and shoe market shows rising volume and steadiness with many buyers and orders in regular lines and samples. Jobbers demand early delivery, signaling strong stock readiness. wax, hip and split boots lead, with brogans and plough shoes gaining. Calf boots sell well, women’s grain goods hold promise, and spring goods keep factories busy into May as confidence improves. The rubber market remains unsettled after Selbury dissolve, with May prices cut and some jobbers advancing purchases.

Selbury Company

Leather and Hides Market Roundup

The general market remains quiet with little change over two weeks. Finished calfskins weaken for large lots while grain and buff leathers hold steady, rough leather steady with limited supply, and sole hemlock prices stable. Foreign and Western hides demand improves amid concessions. sheep and New England hides show steady buying.

New England

Commodity Price Listing Amid Trade Nomenclature

A fragmented OCR snippet lists various goods and prices across regions including Buenos Ayres Montevideo Rio Grande and Entre Riot. The garbled text references hides sole leather and salted Southern items with assorted numeric codes and currency notes, reflecting a trade ledger style item.

Evera Buenos Ayres Montevideo Rio Grande

Market Reports April 21 Flour and Grain

Wheat and oats quotes steady with weak undertone in oats. Inter wheat patents at 475 515 per bushel. corn quiet and light business. flour prices steady to firm. Today’s inspections include yellow and mixed corn and various oats grades. Closing Chicago quotations show mixed wheat and corn futures. flour and meal prices listed for multiple varieties and export bids.

Inter Chicago Ames Csves Michigan New York Canada Superior Canada Canada Western Eastern

Wholesale note of late market for butter and commodities

The report lists mixed butter activity with receipts rising at Northern creameries and quiet on imitation and ladle-packed goods. Prices show Vermont 25c, Eastern 24c, Chicago sellers at 22 19 20c, Cincinnati fancy 25a 26c and 28 24c. Cheese and eggs also firm or steady with varied regional quotes and numerous farm products including beans seeds hay rye straw potatoes and sweet potatoes quoted with regional price ranges and jobbing adjustments.

Franklin County Vermont Eastern Creamery St. Louis Philadelphia Chicago Elgin Creamery Western Creamery New York Cincinnati Liverpool Wester Western Eastern Michigan Nova Scotia North West Jersey Houston Aroostook Prince Edward Island

Also Mentioned on This Page

Devonshire Street Boston Stock Exchange Atchison Lincoln Kiernan New Mexico Arizona California Oppenheim Louisville Evansville & St. Louis Hart Sandusky Flint & Pere Marquette Chicago, Burlington & Quincy Chicago, Burington & Northern Good Foundation Rothschilds Guadalajara Farnings Central Massachusetts Common Boston & Lowell Railroad Corporation Central Massachusetts Railroad Gleason Lamson Gilman Carrier Company Lowell Bears Escals Mining Kearsage Dollar Bay Houghton County Mich Portage Lake Hancock Kearsarge Frenchman’s Bay Brookline East Boston Kidder, Peabody & CO Devonshire St Boston, Mass Nassau St Messrs Baring Brothers & Co Europe Ferdinand A. Wyman West Ninth St Kansas City THE Atchison Consolidated Street Railway Company Atchison, Kansas Kansas Atchison Rapid Transit Company Minneapolis City of Portsmouth City of Cincinnati City of St. Louis Omaha Blake Brothers & CO State Street New England Mortgage Security Co Milk Street J. PF. F. Brewster I. D. Kyle Broad New Sts New York City A&pine Lou Ey & St L Aspinwall Lacae Brookline Li B&l Y&n A& Pine Ny&ne Gs Fkastman Tamson Wilson W. Fay & Co Elec Matyi Co Elec Lord Kensington Gray’s Dynamo Bowman San Francisco Cal Alta Mono Bulwer Ice Et Ae Thy Hest & Belcher Beens Foreign Financial Markets the Catholic Union OF Boston NEW York Financial Ballona Mojave San Francisco Chronicle Railroad Gazette Ohio & Mississippi Newtown Road Charters Valley Gas Company Stock Exchange Pittsburg Alleghany Westmoreland County Penn Erie Road Brogan Brighton Eiaa Tet Lac Park Tepe
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