This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!
This newspaper page contains 17 articles. Subscribers can read the full text of each article.
Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Aug 27, 1887
Page
6
Corrected daily from official reports of the Boston Stock Exchange. Includes notes on payables on demand not yet declared quarterly and monthly payments. References to balance in New York and interest on sterling bonds remitted but not included in this sample.
The Boston money market remains quiet with ample loanable funds and expectations of easier rates soon. $1,000,000 from bond payments due for Treasury acceptance will aid the bank statement. rates show 6 percent for bank loans and 6 to 7 percent for outside paper, with notable activity in corporation paper and stock turnover in Atchison and related lines.
The Boston & Albany Railroad Company declares a dividend of 2 per share. The Freehold & Jamesburg Agricultural Railroad issues a 4 percent dividend. The Charleston Mining and Manufacturing Company proclaims a quarterly dividend of 350 dollars per share.
Stock market notice compiled for the Boston Post details dividends due in September 1887 and related payments. It lists United States pensions, railroad bonds, and various company dividends with payment dates and locations, including Boston sub-treasury and New York settlements.
The New York financial desk reports a broad market slide with Oregon Navigation, Reading, and Oregon stocks leading the drop. Railroad bonds traded heavily while losses narrowed later, and analysts note liquidity pressure and sharp sector rotations as bargains emerge for cash buyers.
Today's transactions total 550,993 shares with listed sales figures. Opening, highest, lowest and closing prices are provided alongside the prior day's close for comparison.
In London on August 26 bar silver stood at 453 16d per ounce. Money rate at 1 percent with open market discounts for short bills 21 2 percent and for three months bills 243 percent. In Berlin on August 26 the Imperial Bank of Germany reported a specie increase of 2 160 000 marks.
A circular to Northern Pacific stockholders outlines claims by the Oregon & Transcontinental Company against the railroad, observes ownership differences, and cites legal moves and competing lines. It argues the Oregon group seeks to shield Oregon Railway and Navigation while hindering Northern Pacific. It notes the Cascade branch opening and the proxy committee’s composition as factors in the governance dispute. Also included are preliminary railroad statistics from Poor a s 1887 with assets and liabilities totals.
The New York & Boston Rapid Transit Company defends its project against park commission bans and outlines rapid surveying work. It aims to contract the entire Boston terminal to Fifty-ninth Street line by November 1, with bonds required for each contract and daily expenditures around $700. The firm positions itself as a construction company, holding stock and denying street speculation.
New Haven paper quotes Sperry, former head of the Derby road, praising the Consolidated road as well financed and brainy. He says the New York & New England line east of Willimantic will gain value, but the Consolidated will outpace rivals with speed, favorable grades, and freight potential. He predicts the Consolidated will be the best equipped in eighteen months.
The excerpt discusses sole rival Pennsylvania Central and potential cooperation between New England and Rapid Transit. It estimates building a line to the Consolidated would cost 25 to 40 million dollars with no stock and insufficient bonds at 80 cents. It questions Boston to New York in three and a half hours as unrealistic and cites a New York banking contact suggesting President Bostwick may exit the New England business, implying troubling road affairs.
The Arizona Mineral Belt line advances toward the United Verde mines now controlled by ex-Governor Tuttle of Arizona. The mines yielded over a million dollars in copper, silver, and gold in fourteen months using a single water jacket furnace. The property paused on Dec 1, 1884 due to copper prices and freight costs, with funds in the treasury, then resuming under Governor Tuttle as freight rates drop with the Prescott & Arizona Central and Mineral Belt railroads. On August 1 he began turning out mineral.
The piece reports dividend increases for Lockwood & Crossman and talks of higher grain rates to Duluth matching Minneapolis. It covers the Brooklyn stock liquidation, changes in railway management, and Fitchburg- Central Hudson excursions. It also lists anthracite coal shipments planned and 1887 output projections, Manitoba rail ambitions, and various railroad earnings figures for six months ending June 30 across multiple systems.
A Boston letter suggests replacing United States bonds with State bonds as security for bank notes at 85 to 90 percent of value. The plan would avoid government market distortions, forbid defaulting states, and aim to lower surplus while preserving banking stability and state credit.
Statements worthy of attention claim the Digestylin cure for dyspepsia from the William F. Kidder & Co factory at 83 John Street New York. The product is sold by all druggists at one dollar per bottle, with testimonials from certifying physicians.
The report lists commodity movements with many staples steadier and firmer. Mackerel and cod show firmness, eggs and potatoes rise or stay strong, flour corn and oats vary, while meats and sugars display steady or quiet demand.
The mackerel market shows firm prices with large orders from the South and West. Supply remains tight, late-season catches expected to be small, while prices for various sizes edge higher across Boston and Gloucester.
We want people to find what they are looking for at NewspaperArchive. We are confident that we have the newspapers that will increase the value of your family history or other historical research. With our 7-day free trial, you can view the documents you find for free.
People find the most success using advanced search. Try plugging in keywords, names, dates, and locations, and get matched with results from the entire collection of newspapers at NewspaperArchive!
You can also successfully find newspapers by these browse options. Explore our archives on your own!
Browse by location and discover newspapers from all across the world.
Browse by date and find publications for a specific day or era.
Browse old newspaper publications to find specific newspapers.