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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Feb 07, 1888
Page
6
A Boston stock exchange update shows New York stock sales on February 6 with 167125 shares traded and daily price data. The report also notes ongoing court proceedings where prosecutors present circumstantial evidence against Mrs Robinson related to poison deaths involving her relatives.
The Money Market reports a quiet opening with the clearing house rate at 2 percent. Commercial paper trades as low as 4 percent with factory paper 4 to 5 percent and general 5 to 6 percent. Loans on call ease at about 4 1/2 percent. Boston bank balance, exchanges, and U S treasurer funds are detailed, with a setback in the local reserve.
Rotch Wharf Corporation New Bedford pays 5 per share. Kansas City Fort Scott Gulf Railroad pays 2 percent on common and 4 cents on preferred stock semi annually, both due Feb 15. Kansas City Springfold Memphis Railroad pays 2 percent semi annually due Feb 15. Minneapolis Street Railway declares a 144 percent dividend payable Feb 10, to be paid by Leo Higginson & Co.
The Kansas City Cable Railroad principal and interest are payable at the New England Trust Co Boston, which also serves as Trustee under the mortgage. The bonds are recommended to trustees and investors as a safe and conservative investment.
Prices on the London stock exchange were unsettled yet firm by mid afternoon as quotes showed Consols at 102% for money and account and U S bonds around 48 129% for the day. Parish advices noted 3 percent rentes at 81 francs 15 centimes for the account. The market rallied on a buoyant tone following Prince Bismarck's speech in the Reichstag.
Money on call eased to 2 to 4 percent with last loan at 3 percent and close at 21 s. Government and railroad bonds steady. Trading in coal stocks Western Union Union Pacific and Missouri Pacific subdued as market remained dull and listless despite liberal purchases on both sides. Union Pacific fell briefly late session but recovered while most issues weakened and overall activity stayed light.
The Ancient and Honorable Artillery Company held an enthusiastic armory meeting with about 240 members. A plan was adopted to host the London Honorable Artillery Company guests, escort them to Washington, visit Mt. Vernon and Arlington, then Gettysburg, West Point, and Boston, with a reception at Hotel Vendome and excursions to Plymouth, Lowell, or Lawrence.
Mrs Sarah Jane Robinson faced a second trial on a murder charge in a special Judicial Court. The case centers on the death of her brother in law Prince Arthur Freeman on June 20 1885, alleged to have been caused by arsenic. The defense challenged evidence about insurance and pre existing plans, with the judge ruling on admissibility of direct and circumstantial proofs.
Canned goods report strong demand while dried fruits hold steady. Flour and oatmeal steady, corn quiet but firm, millet and milifeed subdued. Butter and cheese in fair demand, eggs quiet, beans and hay in fair demand. Potatoes and citrus show mixed activity, pork and lard hold steady, fresh beef unchanged, mutton steady, veal in small supply, lambs moving, sugars easier, molasses flat, tallow quiet.
Demand for canned goods remains strong with higher prices driven by oil tin and plate costs. Pacific coast pack totals for 1887 reach 907,890 cases with BC and other regions contributing. figures cover apples, berries, beans, corn, tomatoes, salmon, and many other canned items.
There is little change to note in dried fruits with citron steady and Valencia raisins firm. California and Malayas are unchanged, evaporated and sun dried apples quiet at old quotations, while French planes show no change.
The Chicago market opened with sellers at 82 8 and 3/4 cents, trading fair but timid. Hutchinson bought at 52 24? but no large amounts moved. the war talk kept shorts cautious and activity limited, ending with more wheat for sale than at the start and a weak close.
The Frourn market stays steady with firm prices and several sales since month start. Wheat and corn futures are dull. quotes center on flour at 2 50 to 5 10 per barrel and various grades from Canada to Michigan. oats and barley hold firm while cornmeal and rye show steady demand across prices and ship terms.
Receipts are light while creameries fetch firm wholesale notations across Western and Eastern firms. Cheese and beans show steady to unchanged prices with multiple regional quotes, and grass seeds hay and straw markets remain steady with regional variations. Potatoes stay about the same.
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