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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Feb 14, 1888
Page
6
After 1893 an annual sinking fund of 10 percent to redeem bonds at par. The company may redeem the full issue at 105 and interest on six months' notice after 1895. Bonds offered at a price net over six percent.
Norfolk & Western Railroad Co offers 70 year gold bonds authorized in 1887 to fund railroad construction from Graham to Wise County Virginia with a first mortgage on Clinch Valley Division and equipment valued at 500000 dollars. Subscriptions open Feb 13 to 16 1888 at 95 percent. interest 5 percent from March 1 1888. London issue through Vivian Gray & Co. Principal and interest payable at New England Trust Co. Boston. We recommend these bonds as safe and conservative.
Blake Brothers and Co reports mining and miscellaneous stock sales for Feb 13. Total shares traded 111,807 with prices for leading stocks including Canadian Pacific Erie Illinois Central Mexican Mexican ordinary St Paul Pennsylvania and others. money market rates at 12 4 percent. Paris 3 percent francs 81 70 for the account. London consols at 102 7 16. U S bonds at 43. Filings note new accounts and closing figures.
Boston money market remains quiet with clearing house rates at 2 and general paper at 4 to 5 percent. Banks show higher balances and New York exchange totals rise. Local stock activity grows weak yet ends steady as Atchison and other rails drift with mixed notes on new lines and corporate moves.
Chicago and Eastern Illinois Railroad Company declares a semi annual 3 percent dividend payable March 1. Chicago and Indiana Coal Railroad Company issues a quarterly 14 percent dividend payable March 1.
Fragmentary OCR style item reports sales figures and board fee amounts with scattered numbers and letters. The readable parts mention sales before the Boston Stock Exchange and a board fee, with several numeric values like 500, 1000, 200, and 300, but the overall meaning is unclear due to garbled text.
New York on February 13 reported easy money on call with rates from 2 to 2 1/4 and a last loan at 2 1/4. Sterling exchange remained dull yet firm while government and railroad bonds showed mixed activity. The stock list was heavy and largely stagnant with few gains, led by declines in Lake Shore and Milwaukee and Lake Shore & Western, though a late, firmer tone appeared before closing.
Washington February 13 1890 Senate discussion covers free list language books patent law international copyright and per diem service bills. Reagan defends Post Office administration noting few politically-motivated removals and many voluntary resignations. The Blair educational bill is sidelined while a tax restoration for Harriet H. Robinson is passed. Senate adjourns at five.
A string of fires causes heavy losses across Minnesota Vermont and New York. The Ryan block in St Paul suffers over 300000 in damage with Foote Schutze Co and Ryan Drug affected. Musquito Mills at Wi nona burn for about 67000 with 40000 insured. St Albans Hospital gutted with two deaths. In New York a Park Place brick building and a Pinckney Street dwelling incur stock and structure losses totaling about 75000 and 500 dollars respectively.
The House introduced several measures including repealing internal revenue taxes progress report, Treasury loan of surplus funds, establishing a postal telegraph, and regulating telegraph companies. A bill punishing lottery advertising in DC was referred after debate. A foreign affairs report sought Treasury information on Canadian authorities blocking wrecking ships. The House adjourned at 5 o'clock.
Puria Ap EL Puta February 18 district assembly No 213 committee of colliery engineers firemen pumpmen and mechanics seeks guidance from the Knights of Labor after a Reading Coal and Iron Company grievance request from after January 1 received no response. Authorities say a strike by eccentric engineers could occur within days as a last resort to force recognition. flooding idle mines would cause months of repair.
Wasninector Feb 18 Major Frank T Bennett Second Infantry and Captain Leopold O Parker First Infantry ordered to return home to await retirement First Lieutenant Charles McClure Eighteenth Infantry granted fifteen days extension of leave of absence
A long list of boot and shoe buyers by city and firm appears, naming buyers from Athens Georgia to Washington Pennsylvania and including firms from Myers & Co to Smith Simmons & Peabody. The item reads like a trade directory snippet with numerous names and locations.
Canned goods steady, flour firm, corn quiet but steady, spot prices higher for some items. Butter firm, cheese in fair demand, eggs very firm, beans in good demand, hay fair, straw steady, potatoes unchanged, sweet potatoes firm. Foreign potatoes moving, poultry quiet, ducks and geese unchanged. Apples quiet, cranberries light, Florida oranges fair, Mediterranean fruit quiet. Pork firm, lard fair, hams steady, beets steady, mutton steady, veal scarce, lambs fair movement, sugars steady, molasses unchanged, tallow fair.
Wheat opened firm with Lester and other large houses buying. Storage rates were cut to 14¢ per bushel for ten days, driving market strength. May wheat closed higher than Saturday, aided by higher specs and better exports, though outside buying remained light. Corn opened steady but weakened end day. hogs seen at 10,046 Saturday with 12,000 expected today. elevators cut grain storage to 4c per ten days.
Market reports from February 13 show flour prices firm yet quiet with demand mainly for small lots. Concessions to move larger supplies at $5 per barrel are unlikely as millers remain firm, with various grades listed from fine to winter patents and export Canada lines. Corn market steady with few sales, Chicago No 8 yellow quoted around 64.
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