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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Feb 01, 1888
Page
6
Fragmentary OCR data includes multiple numeric sequences and abbreviations without clear events or entities. The readable items show numbers such as 210 14 percent 2314 61 165 Jan 80 and codes like GH and Abe g.53, but no identifiable people, organizations, places, or concrete actions to summarize into a proper news item.
January closes with ample loanable funds and steady rates. The Boston market shows dull but firm activity with Atchison leading gains in London listed stocks and Chicago lines. New York trading reflects mixed movements in rail and bond issues, including a large rise in Atchison anticipation and a varied New England rail result.
Cordis Mills Company declares a dividend. Commonwealth Loan and Trust Company declares a 5 percent dividend.
The document notes 8,000,600 converted as preferred stock with terminals estimated at 1,500,000. Gross revenue for ten months ending Nov 1, 1887 reached 1,?? with operating expenses of 221,487, including 22,500 spent on gauge change preparations. Net return estimated at about 1,080 per month.
A detailed proposal outlines cost and gains from converting to a wider rail gauge. Local business earnings reach 133000 yearly, with 150000 spent over three years on the project. The plan lists numerous connections in cities like Cleveland and Canton, projecting major interchanges and enhanced traffic flow through the region.
London January 31 Atlantic & Great Western firsts 3753 rie 28 percent Illinois Central 12414 Mexican ordinary 4614 Pennsylvania 5614 Reading 34 percent Paris advices quote 3 percent routes at 81f 3212 for the account Money 2 ½ percent in the afternoon Giscount open market rate for short and three months bills 143 percent.
Lumber flour and oats are quiet while corn and cornmeal hold steady. Butter cheese and pork firm. Beans and peaches show fair demand, cranberries light, Florida oranges fair. Poultry ducks and geese strong. quail scarce. Beef veal lambs and mutton varied, with small veal supply and steady to fair movement overall.
Stocks and bonds update notes bonds to be listed across London New York and Boston exchanges. Listings include government and corporate issues with changes affecting traders and investors. Officials confirm cross market access and timing for the listings.
Experts have verified the statements as accurate after detailed examination. No further context or specifics are provided in the source fragment.
The undersigned offer the mortgage and supporting documents for inspection concurrently in New York Boston Chicago and London. For price and particulars contact 53 State St Boston MA.
New York on January 31 reports money on call easy at 2 1/2 to 8 with last loan at 3 and closing 2 1/4. Prime mercantile paper 5 1/2 to 7. Bar silver weaker at 96. Sterling dull steady. Actual business 60 day bills at 4.84 and demand at 4.85 4.86. Government bonds dull but firm. railroad bonds fairly active and generally firm. Stock market dull after noon with prices falling to new lows, some late bounce but overall weak. notable strength in Wheeling & Lake Erie, and notable activity in Mobile & Ohio issues and others with mixed debentures and conversions.
The lumber market remains quiet amid continued cold weather reducing demand and small movement. Eastern trade is limited to car lots with tiny cargo arrivals while Western lumber shows light demand and firm prices for hemlock and hardwoods. Boston weekly totals list large figures for pine, spruce, and hardwoods across several categories.
Prices of market beef and store cattle with Western and New England lots. Hides and pelts listed. Sheep and lambs pricing from several sellers. Oats and produce markets show quiet but firm trends. Butter, cheese, beans, grains, hay, and potato markets summarized with regional quotes and receipts.
R C Downer president F C Squire vice president VW R Dresser cashier invite correspondence for mercantile accounts capital amount noted with names and titles.
A district timber catalog lists Western Pine and Eastern Pine, Southern Pine, and Spruce products with assorted grades and prices. It shows 1 2in boards, select and common grades, sheathing, coarse and planed boards, cargo and yard quotations, and varying prices by size and finish. Multiple species and sizes are priced from 3.00 to 62.60, including flooring, trim, and box board materials.
Market reports show a quiet flour market with moderate demand. Spring patents remain firm at 5.10 per barrel, with little concession. Prices listed include Minnesota rakers at 4.10 to 4.35 per bbl, Michigan stone 4.10 to 4.60, winter patents 4.45 to 4.50, and export grades around 4.0 to 4.90 per bbl, with Canada varieties also cited.
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