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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Feb 14, 1890
Page
6
The money market shows clear easing with Clearing House rates from 7 percent to 5 ½, and loans on time from 4% to 6 ¼ percent. New York funds discounted at 25 cents per 31000, while exchanges rise to 16,031,367. Wisconsin Central earnings jump in February, and rail stock activity shifts as brokers debate rate manipulation across major lines.
Wall Street opened firm yet the day’s activity yielded only small fractions. Railroad bonds remained dull with totals around 1.15 million dollars in sales. Advances appeared in International seconds and Toledo Kansas City & St Louis firsts while several issues slipped. overall tone firm but prices fluctuated little by session end.
Furnished stock list shows Eastern Electric Cable, Gethins Electrical Mfg, Union Electric Vat, United States Mailbox, Thomson-Louston and Thomson-European Welding among firms. Entries appear jumbled with misprints but indicate early 1900s electrical and related manufacturing firms trading or quoted.
The fragment from San Francisco dated February 13 mentions closing day details and stock prices. It lists several entities and amounts but the OCR text is garbled, making precise names and figures uncertain. It references mining stocks, prices, and several proper nouns that are not fully readable.
The New York money market showed easy call loans at 3 to 4 percent with closing at 24 percent. Sterling rates steady with sixty day bills around 4.8224 and demand at 4.87. Government and railroad bonds dull to firm. Sugar slipped to below 66, while Louisville & Nashville held high, and Manhattan rose about 1 percent to 1144e. Coal-road output cuts and late selling pushed Lackawanna and Reading to the lead in a tense final hour.
London midday report shows Consols at 97 16 for money and 97 for the account with several railway shares quoted including Canada Pacific and Illinois Central. Bank of England bullion balance today stands at 70 009 pounds with a weekly gain of 957 000. Bank reserve ratio rises to 46.87 percent from 40.20. Paris weekly Bank of France statement notes 1 125 000 francs gold added and 750 000 francs silver reduced.
At the 898th Bos ton Society of Arts meeting Frank Gilley of Chelsea described electrical purification of sewage. He demonstrated the method with Chelsea sewage, showing chlorine and oxygen release, hydrogen bubbles, color changes, and a surface precipitate rising and sinking. He referenced Webster's Thames station and illustrated with diagrams and lantern slides. No business was transacted.
Salem Aldermen direct the Mayor to oppose life tenure for the police before the legislative committee. Salem Riding Association opens its riding rink in North Salem with a reception for invited guests.
F X Roch of North Adams Massachusetts offers to compromise creditors at 35 cents on the dollar. Sancerson and Son, hat and cap dealers of Springfield Massachusetts, have failed.
A quirky local note touts Old Saul's Catarrh Care as a fix for persistent nasal congestion priced at 25¢. It also mentions a popular men’s café at the Revere House attracting patrons and boisterous vibes.
The Boston Common Council met 125 minutes but transacted little. They debated removing Montgom ery Square trees for a future electric lighting plan, and recommitted the order. It passed several items including city property inventories and a study on municipal gas and electric plants. The lunatic hospital proposal suggested five buildings at Austin Farm with 200 acres, total cost about 450000. A central administration annex funding request, sewer office space need, and firefighting staff changes were also discussed.
Piles rise for new brown stone and brick houses on Boylston street by Silas W. Merrill. An apartment house is planned for Lot 458 Beacon street by Seth R. Baker. Frances terrace in Brookline on Tappan street sold to Eugene R. Knapp. Suffolk county records filed with Boston Real Estate Exchange. Permits to build listed for J. C. Woodside stable on Townsend street and Lawley & Son office on O street near E First.
A list of real estate deeds and mortgages recorded. Fossett grand to Rowe in West Roxbury for 1500. Soler to Williams estate in Dorchester for 10000. Brown to Boston Five Cents Saving Bank in Winthrop for 3500. Fleming to Home Savings Bank in Dorchester for 1300 and 1200. India Street Trust to Whitney for 800000. Pike to Adams in Roxbury for 1000. Oburg to Mayo in East Boston for 1000. Crane to Matthews with multiple streets for 60000. Cooley to Curtis in Dorchester for 250. Middleton to Cary in Dorchester for 2100. several midcity sales in Somerville Malden Cambridge Arlington Newton Brookline and other towns totaling thousands. includes sale of West End railway property in Cambridge for 5500 and Boston Santa Jerusalem property in Bowdoin for 12852. transfers on Washington Brighton Lake streets and related parcels.
Jamaica Plain Gun Club held a shooting at Clarendon Hills with Barrett earning the gold medal and Schaefer taking the silk umbrella prize. Multiple No 1 through No 8 events featured Clay Pigeons and Blue Rocks, with top placements listed for Barrett, Weld, Roxton, Chase, Brooks, Bowker, Chapin, and Schaefer among others.
Lynn clerks at the Lynn Postoffice have passed resolutions to be sent to Washington via Congressman Lodge. They request shorter working hours, higher salaries, and regular vacation days.
Market notes show flour steady, corn abundant, oats dull, and rye flour quiet. Mills and tobacco byproducts stay firm with cottonseed meal dull. Butter and cheese move up, eggs steady, poultry firm, and potatoes lively while fruits like Florida oranges and Almeria grapes hold firm. Sugar and molasses firm or quiet as indicated.
Fall River reports a steady and active print cloth market at 322 cents per yard for 64s and 3 se for 5Gs. Week sales, largely futures for delivery from April to October, are expected to exceed any week in some time.
Farnum Reardon & Co quote wheat oats corn and hogs with closing prices from New York St Louis and Minneapolis markets. futures show February contracts for wheat at 84 to 85 cents, corn around 35 to 37 cents, oats near 26 to 27 cents, with various May June July placements and regional price differences noted.
Receipts of domestic wool for the week reach 4393 bales against 4613 a year ago. Foreign wool imports total 4306 bales. Total sales amount to 2,821,200 lbs, with domestic 1,874,200 and foreign 947,000. Prices are varied and dealers expect possible lower values before the new clip, while mills hold off beyond immediate needs.
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