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This newspaper page contains 16 articles. Subscribers can read the full text of each article.

Newspaper

Boston Post

Location

Boston, Massachusetts, United States of America

Date

Apr 27, 1887

Page

7

Money Market Quiet in Boston and New York Trading

The Boston money market held steady with double name paper at 4 1/2 to 5 percent and single name at 5 to 6 1/2 percent. Loans on call with collateral ran 4 to 6 percent. Clearing house balances hovered around 3 percent, with New York funds at par. The local stock market was dull, with notable moves in New York & New England and Boston & Lowell.

Boston New York City of Suffolk County Court House Sterling Exchange New York & New England Boston & Lowell Atchison California Southern Atchison Plains Atlantic Pacific Chicago Burlington & Quincy Chicago, Burlington & Northern Wisconsin Central Union Pacific Elijah Smith Oregon Navigation Congress Short Line Company Union Pacific Company Wade Europe Flint Pere Marquette Sandusky Toledo Cincinnati St. Louis Pullman Kansas City Memphis Lord Boston & Maine Eastern Fitchley Preferred Central Massachusetts Common Rutland Common New England S. V. White H. Victor Newcomb San Diego Sanego Land and Town Company Sweetwater Valley National City

Stock dividends declared by three rail and instrument firms

The Fitchburg Railroad Company declares a dividend of 2 dollars per share. The Boston Concord and Montreal railroad declares a dividend of 82 60 per share. The Mason and Hamlin Organ and Piano Company declares a dividend of 3 percent.

Fitchburg Railroad Company Boston, Concord & Montreal Railroad Mason & Hamlin Organ and Piano Company

Newton builder Charles C. Pottle commits suicide

Charles C. Pottle a Newton Highlands carpenter and builder aged 60 cut his throat with a razor in his chamber yesterday morning after despondency over money troubles and the death of his only child. He leaves a widow and no children, having lost 700 dollars in the failure of F. A. Hawley & Co.

Charles C. Pottle Newton Highlands F. A. Hawley & Co

Norsford's Acid Phosphate Endorsed for Gastritis and Nervousness

Dr W J Harris resident physician at Good Samaritan Hospital St Louis Mo reports great results from Norsford's Acid Phosphate in chronic gastritis and in many cases of extreme nervousness caused by digestive debility.

Norsford W.J. Harris Good Samaritan Hospital St. Louis

Bonds Offered on Chicago Burlington & Quincy Railroad

Interest on bonds payable May 1 and November 1 in New York or Boston. The issue, secured by first mortgage bonds of the Chicago Burlington and Quincy Railroad Company, covers mileage built and paid for with limits on total miles and bonds. Bonds bear 4 percent interest, payable semi annually, and mature May 1, 1927. Subscriptions open April 26 to April 29, 1887, with staged payments and optional bearer or registered formats. A parallel issue will be made in Berlin by Berliner Handelsgesellschaft.

Chicago, Burlington & Quincy Railroad Company Nebraska New England Trust Company of Boston Kansas Colorado Dakota Wyoming Mayland New York Chicago, Burlington & Quincy Mailroad Company Berlin Berliner Handels Gesellschapt

Prominent Banks Named in 1887 Financial Notice

August Belmont & Co of New York Lee Higginson Co of Boston Kidder Peabody Co operate jointly with offices in New York and Boston under a dated April 25 1887 financial notice listing major banking houses and their regional ties for investors and clients.

August Belmont &Co New York Kidder, Peabody & Co Boston

Market Decline and Late Rally in New England Stocks

The report notes a weak morning with New England markets leading the decline, a partial rebound midday, and a dull close near day lows. Railroad bonds traded briskly with total sales around 1.33 million, while several bonds and income receipts changed hands.

New England Atlantic & Pacific Erie Indiana, Bloomington & Western Union Pacific Mobile & Ohio Houston & Texas Waco Louisville New Albany Texas Pacific Indianapolis Decatur & Springfield

New York Financial Market Briefs April Rally and Declines

New York financial news notes easy money on call with last loan at 4 and close at 4 1/2. Prime mercantile paper in good demand with easier rates. Bar silver quoted around 96 1/4 to 96 1/2. Stock market opens heavy then recovers before closing modestly active. Reschtyg and New England stay leading, Michigan Central and Canada Southern slump at session end amid a rally after directors meeting.

New York Sterling Exchange Reschtyg New England Michigan Central Canada Southern

Boston Water Power company holds stockholders meeting

The Boston Water Power Company met yesterday at 87 Milk Street, presided by Jarvis Braman. Treasurer Brown reported weak results from a land vote, noting 115 shares subscribed, 250 of them by directors, and presented a detailed assets and liabilities balance sheet totaling about 2.998 million, with a potential mortgage foreclosure dispute pending in court.

Frenchman’s Bay Wollaston Aspinwall Boston Water Power Company Supreme Court Water Power Company Nathan Matthews East Boston Milk Street Jarvis D. Braman William B. Brown

Boston & Lowell Show Fight Over Lease Authority

The Boston and Lowell Railroad issues a circular to White Mountain division staff asserting the lease of the Boston Concord and Montreal road remains valid until judicially voided. Employees are ordered to protect property, resist unauthorized possession, eject hostile claimants, and report invasions promptly.

Boston & Lowell Boston & Lowell Railroad Company White Mountain Boston, Concord & Montreal Road Boston & Lowell Corporation Boston & Lowell Road Boston & Lowell Railroad

Railroads clash over through tickets and commissions

PirrissurG Penn April 26 reports growing tension among Western Passenger and Central Traffic associations over through tickets and commission abolitions. Forties Co circulates stopping tickets on 32 railroads, shrinking West through-ticket coverage. New Haven Hartford picks W E Chamberlain Boston Albany to run Harlem River branch May 1, with further staff moves including Waterbury shift to Air Line division and Allen reassigned to Shore Line. New York & New England directors meet. S V White replaces Victor Newcomb, G N Landers named to fill vacancy. directors say no further resignations, tour criticism dismissed as harmony.

Pirrssurg Penn Western Passenger Association Central Traffic Association Forties Company Burlington & Missouri River Chicago Burlington & Quincy Milwaukee & St. Paul Green Bay Winona & St. Paul Hannibal & St. Joseph Kansas City St. Joseph & Council Bluffs Missouri Pacific Missouri Kansas & Texas Milwaukee & Northern St. Louis Iron Mountain & Southern Keokuk & Northwestern Texas & Pacific West Pennsylvania Company New York, New Haven & Hartford New Haven Clark W. E. Chamberlain Boston & Albany Harlem River Consolidated Road F. C. Payne W. A. Waterbury NEW York & New England New York New York & New England Railroad 8. V. White Victor Newcomb G. N. Landers New Britain Conn Bostwick Pearsall and Bateman

Railway earnings and corporate actions reported

The report lists earnings for several railroads in April and March 1887 with gains and losses, notes President Hill of Manitoba selling his St Paul and Duluth stake, and records a deed of trust securing first mortgage bonds of the Chicago Santa Fe California lines. It mentions a judge’s decree in a Central Trust case, bondholder dividends, and a Boston trustee as mortgage administrator. It closes with an ad for G W Simmons & Co promoting sports outfits and catalogs.

St. Louis San Francisco Canadian Pacific Wabash Arkansas Texas Hill Manitoba St. Paul & Duluth Chicago & West Michigan Springfield Lil Chicago, Santa Fe & California Railroad Company Iowa Boston Safe Deposit and Trust Company Chicago Kansas City Indianapolis Gresham Central Trust Company Lake Erie & Western Road and Construction Company Lafayette & Bloomington Lake Erie & Western Chicago, Santa Fe & California Railway Company

Commercial Matters Amidstead in Market Report

The market bulletin notes mixed movements with lumber improving while coal remains unchanged. Flour and oatmeal hold firm, rye flour steady, oats and rye quiet, barley and malt stable, butter and cheese firm, eggs higher, beans and potatoes quiet, hay firm, straw steady, grass seeds unchanged, truck good demand, tallow unchanged, provisions firm yet quiet, fresh beef stable, sugar and molasses steady, apples firm.

Lumber Market Notes Reflect Strong Demand Across Species

Eastern lumber shows steady improvement with high receipts and strong demand for frame lumber box boards and shingles. Hemlock scarce but prices high. whitewood scarce. Western logs and Menominee river stocks reviewed. mill capacity near top speed with Lake Michigan arrivals limited. detailed price notes for clapboards lathes and various hardwoods included.

Boston Lake Michigan Green Bay Menominee Vermont Indiana Western Eneer Tina Eulups Collin West India

The Coal Trade Report Shows Stable Prices and Shifting Freight

The coal trade remains quiet with steady prices and strong shipments at ports. Anthracite movement to the West rises while eastern demand stays light. foreign coals and gas coals hold firm with seasonally fixed prices. Reading dealers face possible contract terminations as rail rates rise under interstate commerce rules.

New York Reading

Market Reports April 26 Flour And Grain

April 26 market notes show flour firmer with some 10 cent asks on spring patents though buyers resist. Corn remains quiet with unchanged prices. steamer yellow trades at 54 1 2, 58 on spot, high mixed 54. Oats dull as large stock increases dampen activity. no white on track, bids 38 1 2 to 40 1 4 cents. May orts sold at 8 7 8? Current call bids and asks listed. inspections include 7 cars with 2 cars No 2 spring wheat and 1 car steamer yellow corn.

Bree B.& Air L Kr&n Iowa Os Central Pac Ches Ohio Isteet Sneer Col. & H del. & L R. G Erie Tex B&w Long Island Lon Man Vise Pacific M. & Ohio M. & Essex Glok Nash. & Chat Pt N. J. Cent N.& W. Pref Paville N. Y. Cent N. E Ohio & Miss Ont West Oregon Pittsboro St. Pat M.& Mages Texas Pacific Union Pacific Utlea & BL R . Ig Bhity Pullman Val Ibis W. Union Thy American Oil Oe Oet As Ao D& RG Gm St. R Sop & TC Tex. PL P.R. G A. Pac U. Hac Linden Nav Shore N. W Ames Aarms Amador Belle Isle Col. Coul Ontario Cale Vai Ophir Sly DD Terra Sods Plymouth Cristo. Ius Bloche Eureka Quick Iver Pref Homestake Santiago Jis Stanislaus Martin White

Also Mentioned on This Page

Money Market Devonshire Street Fitchburg Railroad GH Venner & CO Congress Street If. D. Kyle Broad New Sts New York City Wilson W. Jay & Co State Street Gray’s Dynamo Boston Water Power Dare Biy Burton Bale Aches California Cal Ivle & Noreroas Bulwer Teres Best & Belcher Union Con Foreign Financial Market London Canadian Pavitic Erie Seconus Ilinois Central St. Paul Common Pennsylvania Imperial Bank of Germany Chicago, Burlington and Quincy Railroad Co the New England Trust Company CxHicaco, Burn- Lisacron & Quincy Rail AroaAp Company Ee Ne Renewel Fund Gael Entin Peenance Boston Stock Exchange Boston Land At & Pac Sane Ny&ne Trutland A&p Inc Lewis Coleman J. W. Johnson Henry M. Whitney Henry M. Y. B. Edgerly John O.K M&b &S Bell Addy Allouez Eee O. Franklin Osceola Quincy Seraveres Lamson Salk Ad Boston Lia Sores Frenchman's Bay West End Rere Fitchburg E&p M M&b Sp&m Thee ITV Nys&ne Oc & LC Rutland Eee O A& Pine Napa Tamarack Quirley Ees Big West End Ld AT & SF Sebeeee At & Pac Aee Cal So R& Alb Owe Ee Vo T&s F Bh & M Neb Lr&fts Sonora Maverick San Diego la Bishes Pane B&hl B& M Concord Lu Fitchburg Pra Am Bell Telephone New England Telephone Erie Telephone Brookline Land Diego Land West End Land Atlanic & Pacific R R. Fis Mexican Central Tee Morteare Central Mass Cleveland & Canton Bur North San Cleveland Flint & Pere Marq Lowa Pall &S City Little KO Springfield & Mem Ee Tock & Fort Smith New York & New Eng S & Lake Old Colony Sheene Allonez Atlantic Sane Bonanza Boston & Montana Eid NEW York Financial Brookline Avenue Huntington Avenue Upas Rales Musee Nn Adres Alatext Taut N. York Treasury D. G. Smith Henry D. Hyde Railroad Matters G. W. Simmons & Co North Street Lunber Coal Trade
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