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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Dec 23, 1887
Page
6
Boston money market shows a firmer tone with rates at 7 percent for clearing house loans and 6 to 6 1/2 percent for city banks. Outside paper ranges 6 1/2 to 7 3/4 percent, with New York funds trading near par.
The Atchison Topeka and Santa Fe Railroad Co invites sealed proposals to sell sinking fund six percent secured bonds or registered certificates issued December 1 1881 payable December 1 1911. Proposals due December 24 1887 at 2 pm at 95 Milk Street Boston with bids at or below 105 percent. John P Whitehead Comptroller reserves right to reject all offers. Boston December 7 1887.
The Evansville and Terre Haute Railroad Company declares a quarterly dividend of 1 4 percent. The Mill Manufacturing Company declares a dividend of 2 percent, and Salmon Palio Manufacturing Company declares a dividend of 9 per cent.
The Cabot Manufacturing Company announces a 3 percent dividend. Esher Manufacturing declares 4 percent. Boston & Colorado Swelling Company proclaims 24 percent. Flint & Pere Marquette Railroad 344 percent. Fall River Workingmen's Cooperative Society sets quarterly 5 percent. Eliot Mills Company Fall River shows 24g percent. American Screw Company Providence declares $250 per share, first dividend in three years.
Money on call was easy, rates 4 to 5 with last loan at 4 1 4 and close at 4 4 5. The stock market opened firm and slid to dull heaviness after 2 o’clock with Reading and Hocking Valley active briefly, while Wabash weakened. Bond sales totaled 670,000 with various issues quoted higher or steady, and readings showed overall subdued turnover.
Today's transactions aggregated 202,130 shares with listed buy and sell quotes. The record shows opening, highest, lowest, and closing prices for the mining companies from the Boston Stock Exchange reports, reflecting changes from yesterday's close.
London market bulletin lists United States bonds at 4s 12 8 5 and 424s 11 0 percent with Atlantic and Great Western firsts at 30 7, Canadian Pacific 65 percent, Erie 29 1 4, Illinois Central 12 1 4, New York Central 11 1 percent. Open market discount rate noted at 1 30 p.m.
The market for short and three months bills is 25 234 per cent. Paris advices quote 3 per cent rentes at 81 francs 2744 centimes. Bank of England bullion fell by £77,000 in the past week. Bank reserves to liabilities drop to 44.92 per cent from 46.17. Paris weekly Bank of France statement shows gold down 2,500,000 francs and silver up 1,150,000 francs.
Thieves entered the A. S. Morrison & Bros yarn firm store and Jordan, Marsh & Co storeroom at No 2 Rowe Place on Wednesday evening. They pried open a heavy door, split boxes, and fled with twenty albums at 150 each ten at 3 and one at 18 along with a case of fine French dolls. An old jimmy was found on a snail shelf after the theft was discovered by the night watchman.
Judge Devens issued an order restraining A. D. Foster and other newly elected directors of the Eastern Railroad Company from acting pending court review of the Dec 14 annual meeting. The case centers on two ballot sets cast by stockholders after proxies were revoked and new proxies issued, with protest by the plaintiffs. The matter may go to trial next Tuesday.
Figures from Brockton show W L Douglas factory payroll at 849616 weekly with 249 workers. Men and boys average 1486 weekly. women average 1223 weekly. Text notes this wages level surpasses nonmanufacturing employer pay.
Under current management the daily receipts average nearly 14000 dollars. Improvements to routes stables rolling stock and management are underway and Mr Richards expects to soon provide a better street railway service than ever before.
Cincinnati Ohio John Straus Am Detroit Michigan S Suttertre Davenport lun A P Doe Ke Louisville Kentucky W C Caye of W C Caye Co Am Memphis Jenn W W Jackson of Lowenstein Bro US San Francisco Cal S Weder of Rosenthal Feder Co Ke San Francisco Cal S W Rosenstock of S W Rosen stock Co Tre
The counters of Messrs Estes and Laur Iat s bookstore at 801 to 805 Washington street display an attractive stock of Christmas volumes. Notable titles include Moore s Lalla Rookh in vellum with photo etchings and Recent French Art The Dusseldorf gallery and Nature and Art are among recently received publications.
Leather and hides soften while corn and rye remain firm. Butter and eggs hold steady. beans, potatoes and sweet potatoes show movement. Florida oranges demand strong. cranberries and hickory nuts vary in firmness and demand.
The leather market shows quiet activity with steady prices across most grades. Finishes like wax, oil grain, pebble, and glove grains trade in moderate to good demand, while rough and split leathers stay dull or firm with low activity and supply. Export values show $28,663 in Boston for the past week, down from $32,971 prior.
The boot and shoe trade shows few buyers but strong mail orders and overall activity ahead of prior seasons. Early delivery is demanded by buyers, large manufacturers report sizable shipments, and heavy boots and calf products remain in active demand while slipper and low shoe sales wane. Weather affects near home trade. rubber retail demand needs more snow and cold.
Market shows firm flour prices with consistent quotes. Minneapolis mills grind 20,000 barrels daily while water mills slow, expected to recover after spring. Corn demand rises with prices firm for No 8 yellow to ship and steamer corn at 65 cents on track. Oats trade limited but futures active with varied bid and ask levels across months.
The item lists bid and asked prices for white oats and cars in February and May, recording sales counts on two calls and after the ends. It also covers inspections of grain cars, mixed corn, oat categories, and millfeed trades, with quotations for flour, rye, oats, barley, malt, hops, and exports to United Kingdom and Continent, noting price ranges and ton figures.
Market notes show light demand for butter with fresh creameries limited in supply. Western creamery sales mostly at 26 28c, some brands 29 38c, while Eastern and Northern creameries struggle. Eggs and beans steady to firm with variable prices. poultry and potatoes show muted activity amid overall quiet trade.
In Chicago butter is quiet and a little easier while cheese holds steady. Eggs show tame trading. New York butter is quiet and cheese is quiet, reflecting steady wholesale prices across markets.
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