This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!
This newspaper page contains 16 articles. Subscribers can read the full text of each article.
Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Feb 17, 1888
Page
6
The Boston money market firmed slightly with clearing house balances loaned at 3 percent. New York exchanges rose year over year while Treasury and foreign rates showed varied moves and central banks adjusted discounts.
After 1893 an annual sinking fund of 10 percent to draw the bonds at par. The company may redeem the entire issue at 105 with six months' notice for interest after 1893. Guaranteed principal and interest by Chicago Burlington and Northern Rkks and secured by a mortgage on rolling stock held in trust. Bonds offered at a net yield over 6 percent to investors.
The document outlines 1747 acres to be divided into 9 lots per acre or 15 723 lots valued at 100 each, totaling 1 572 300. Topeka City Railway stock values appear with 1166 shares at 140 per share, plus Topeka Belt and Circle railways costs. Cash and notes receivable and deferred payments total 1 776 645 18 with 1 606 910 25 outstanding shares. Trustees R Cordley G C, L James, G F Parmelee conclude the arrangement.
Kansas City Cable Railroad principal and interest payable at New England Trust Co Boston, trustee under the mortgage. The bonds are recommended to trustees and investors as a safe and conservative investment. 28 State Street Boston.
On February 16 at the Boston Stock Exchange brokers board sales reached 10,010 at 10:30 A.M. and New York stock sales totaled 161,851 shares. The report lists opening, highest, lowest and closing prices for today and yesterday. Foreign markets note United States bonds at 48 and 12834 with Atlantic & Great.
The boot and shoe market shows steady conditions with more buyers in town during delivery season. Factories are busy with orders, duplicates persist, prices trend lower than last year, and quick delivery is urged for women’s grain and light lines as shipments continue and rubbers show spring demand.
The Portsmouth Gas Company declares a 24 percent dividend. The North Pennsylvania Railroad declares a quarterly 2 percent dividend. The Delaware Division Canal Company declares a dividend of $1 per share. The Chicago Burlington & Quincy Railroad declares a quarterly 2 percent dividend.
Money on call easy at 11% to 21% with last loan at 2 percent and closing offers at 2 percent. Government bonds dull, railroad bonds mixed. Union Pacific and St Paul strongest late day while Richmond & West Point preferred fell from morning highs. Stock market improved in breadth and tone with Union Pacific and St Paul rising, Richmond & West Point preferred surging on resignation rumors.
The Bank of England cut its discount rate to 3.0 percent with gold holdings rising 497000 pounds and reserve ratio climbing to 46.36 percent. Paris money markets quote rates near 3 percent, with open market short bill discounts around 4.05 percent. Bank of France reports weekly gold up 4.05 million and silver up 1.4 million francs.
Leather hides dull and flour steady while corn and oats hold, bean demand strong, potatoes and sweet potatoes firm. Butter, eggs, pork and lard firm to fair, poultry quiet, quail plentiful, cranberries light, Florida oranges and other fruits in fair demand or quiet. Meat supplies steady or small, lambs moving, and tallow in fair demand.
New York on February 16 reports bids and refusals for copper with no rise over the prior day. Bears opposed advances while March and other months traded below the market. spot copper stayed at 16.50. About 600000 pounds changed hands amid active tin and lead trading with April and May deliveries at 4.95 5 and 5.07 4.4.
The 1887 foreign trade report shows total merchandise imports and exports at 1 424 100 000, up from 1 376 800 000 in 1886, an increase of 47 300 000. Exports total 713 404 021 in 1886 and 715 320 804 in 1887, with imports rising over 45 000 000 and the export surplus shrinking by 43 000 000, yet still over 6 500 000 more exports than imports. Gold and silver movement indicates net excess imports of about 25 000 000, with silver exports exceeding imports by 10 874 374 and gold imports surpassing exports by 35 744 873.
Leather and hides demand remains light with steady to firm prices across many grades. Hemlock sole leather and Union leather show steady demand, while rough and finished leathers vary. Western dealers hold firm views and supplies are ample for all wants.
Wheat opened higher with light trading as cables show poor demand and lower prices. Afternoon buying interest lifted the market as New York advanced and spurred orders here. Despite provisions weakness, grain held up. Corn opened firm with room traders buying.
The flour market remains steady with firm millers and quiet buying, reported prices span from fine flour at 2 50 to 5 10 per bbl for various grades. Corn and oats show quiet to firm trading, with steamer yellow corn and No 2 white oats noted and various bids, terms, and inspections listed.
The butter market remains quiet with a steady tone as buyers hold off amid softer western and New York markets. Prices stay near last quoted levels while receipts and demand show limited movement.
We want people to find what they are looking for at NewspaperArchive. We are confident that we have the newspapers that will increase the value of your family history or other historical research. With our 7-day free trial, you can view the documents you find for free.
People find the most success using advanced search. Try plugging in keywords, names, dates, and locations, and get matched with results from the entire collection of newspapers at NewspaperArchive!
You can also successfully find newspapers by these browse options. Explore our archives on your own!
Browse by location and discover newspapers from all across the world.
Browse by date and find publications for a specific day or era.
Browse old newspaper publications to find specific newspapers.