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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Dec 14, 1886
Page
6
Boston reports a steady week opening with abundant loanable funds and unchanged rates. New York and London markets show mixed moves. bonds and stocks trade unevenly while several rail and mining issuers see notable activity and shifting control amid upcoming director elections.
Stock and bond orders were executed in Boston New York and Philadelphia. Market activity covered multiple listings and dealers reporting transactions across the three financial hubs.
Blake Brothers & Co lists bonds for investment including Chicago Burlington Northern 6 Per Cent due 1896 Chicago Burlington & Northern 5 Per Cent due 1926 Chicago Kansas & Western 5 Per Cent due 1926 guaranteed by Atchison Topeka Santa Fe Rail Road Chicago & Eastern Illinois Consolidated gold 6 Per Cent due 1934. They anticipate a higher market for first class bonds and deem now advantageous to purchase.
The Boston Revere Beach Lynn Railroad Company has declared a dividend of three dollars per share. This action will be payable to stockholders of record on a specified date with distribution to follow.
New York and Boston stock exchange members listed include FL H PRINGE and td, reflecting roster updates.
London financial report lists Consols and railway shares with mixed prices. The Bank of England balance today shows bullion outflow of £50,000.
The December 13 sales list shows prices for South Boston Horse R R, Security, American Shoe, Bruns Antimony, National, Honerine dividend, Lord Acoustic Telephone, Bannon, Boston Water Power, Summit Branch Railroad, and Bonanza stock. Totals include multiple share quantities with varying values across the list.
Money on call moved 6 to 10 with last loan at 10 and closing bid 12. Prime mercantile paper 4 5. Sterling steady with 60 day bills at 4.8014 and demand at 4.8134. Rail shares swing, Western Union and Norfolk & Western lead gains. market recovers in late trading, closing steadier though mixed. Railroad bonds total $1,558,000 with notable Erie seconds and Denver & Rio Grande issues. Northwest
Listings show buyers and representatives from GWR George & Co Buffalo W H Walker Phelps Dodge Rosenthal Goldsmith Smartt Lyle Murphy Farnsworth Standish Monroe Moore Rosenthal Feder Rosenstock Smith Frazier Brown Shoe Co Shaffer Boyd & Co across cities including Baltimore Philadelphia Chicago Chattanooga Cincinnati Detroit Lafayette Memphis Petersburg Saint Louis Wheeling and San Francisco.
Cora E. Walker of Cape Girardeau Mo writes to Boston Chamber of Commerce president about her effort to support her family under hardship. She saved nearly all but 30 dollars for a sewing machine. A merchant confirms her truthfulness and 25 dollars is sent to her to buy the machine for Christmas cheer.
Sergeant-at-Arms Adams orders a list of doorkeepers messengers and pages to report in uniform on the morning of Jan 6 1887 among those named are Stillman Edgell John Kinnear Charles Parker Luke Davis George Clapp James Mahoney Charles Uffeld Henry Syker James Armstrong Thomas Coyne Benjamin Brown D W Tatt Joseph Connerton Charles Ayer Joseph Haistrick Thomas Tucker Sidwell Alexander Marsh Whiting Pope Hollis Charlies Smith Pedrick Kimball Steele Finan and others from Co F Dolan and Merrifield.
An old catalog style listing promotes male honey cough cure price 265, 50c and 1 dollar Glenn's Sulphur Soap 26c German Corn Remover 2c Hill's Hair Dye 2 types Black and Brown Pike's Toothache Drops 2c Bean's Rheumatic Pills 2c. The entry ends with a catalog number 606.
Commercial matters show fair demand for pig iron and steel plates, firm copper, quiet spelter and zinc, and steady to firm grains. Butter, eggs, apples, and provisions hold steady. oats and poultry soften. Wheat, corn, and rye prices listed with New York, Liverpool, and Boston exchange figures and ship shipments for apples.
Pork and lard hold steady with fair demand while fresh beef shows slow demand. Lamb supply is ample and high quality gets retail attention. veal and mutton vary by grade. Detailed pricing for pork cuts, lard, ribs, beef, and other meats listed with bid and sale figures.
The market shows steady American pig iron with No1 X at 19 20, No2 X 18 18 25, gray forge 16 75, and small lots about 1 20 ton higher. Foreign pig iron holds steady with Coltness 21 50 22 00 and Langloan 21 21 50. Old rails firm at 25 American and 22 50 2300 English. steel plate in good demand. copper and lead stable. tin plates fair. charcoal and coke prices noted.
The London Statist notes a tentative revival in the British iron trade after a long low mood. Output has fallen with sixty furnaces going out since January leaving 60 blowing now, 420 at year start. Exports to the United States rise with hematite iron and steel products, though broader exports lag.
December 15 market notes show flour demand steady with light trading ahead of daily necessities. Corn prices ease slightly while oats dip. steamer yellow and mixed corn prices are listed with bid and asked ranges. After the call 10 300 bush May sold and 500 bush No 2 white bid and ask levels are recorded alongside daily settling prices and a 145 car inspection tally.
Butter markets show quiet but firm trade with Western creamery extras at 28 29c and 24 26c for extia firsts, while Chicago and New York hold steady. Cheese prices in Chicago and New York remain unchanged. Liverpool quotes on cheese at 63s. Eggs trend firm for fresh laid stock. poultry and hay markets drift with overall firm prices and moderate demand.
The report notes choice No 1 Baldwins and greenings selling well with firm, steady demand. Cranberries show moderate supply and choice lots are firm. Grapes unchanged. The Savannah steamer delivered 6500 boxes of oranges with good demand and a slightly firmer market.
Liverpool cotton futures opened steady and closed dull with various spreads from December to July. Spot prices for mid uplands and Orleans quoted, receipts and sales detailed. New York spot and futures mixed with multiple bid and ask levels. Sugar and molasses markets described as firm with refined and raw prices listed for several grades and regions.
New York reports flour receipts and varied prices for white Western extra and Minnesota grades with several subcategories. Wheat and corn values shift lower with No 2 spring and No 2 red prices noted, while oats, rye, barley, and rye options show mixed movement. St Louis notes softer flour and lower No 2 red wheat, with provisions and lard in firm-to-soft ranges and batched receipts across grains.
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