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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Feb 25, 1890
Page
6
Commercial matters show dry goods unchanged and staple markets mixed with Cotton, flour, oats, and rye in quiet to dull ranges. Eggs lower, poultry steady, pork products fairly active, beef quiet, and sugars and molasses unchanged amid overall normal trade conditions. The report lists numerous local firms and prices in a dense ledger style.
City board to hold a committee of the whole public hearing on limiting streetcar speed to six miles per hour in crowded areas and ten miles per hour elsewhere. Mayor announces appointments to the Water Board and sinking fund, with debate over the regulation of electric cars and safety at crossings.
Somerville School Board met with Mayor Pope presiding. Miss Annie Thayer granted leave, Miss Lunt to replace her. Mechanical drawing to begin in eighth and ninth grades. bills approved totaling 653. Charles K. Meloney reelected, Clara A. Jordan hired. Textbooks committee to consider new grammar books. Committee on accommodations seeks four Highland rooms, or a new Elm Street four room building, plus a twelve room Prospect Hill school, land purchase for English High School in 1891. Finance proposed salaries 306500. truant officer 89505. janitors 7100. Superintendent 2500. gas and water 8100. textbooks 4200. writing and drawing desks 1400. stationery 3000. printing 850. miscellaneous 1100. physical training 6500. industrial training 1500. Total 120000. Adopted.
The Board of Fire Commissioners opened bids yesterday for five steam fire engines two first size and three second size. Bids came from Manchester Locomotive Works France Fire Engine Company Sheron Manufacturing Silsby Button Fire Engine Clapp Jones. Prices varied with quantities and sizes. bids were taken under advisement.
Clarence Ja says Horsford's Acid Phosphate has grand effect as a nerve tonic in neuralgic fever and uterine difficulties. Used where a general tonic is needed. He believes it is the best nerve tonic he has ever used and recommends it confidently.
The Boston money market opens firmer with bank clearing house rate at 5 percent. Time loans run 4 1 2 to 6 1 2 percent, call loans 5 to 6 percent, country banks discounting good mercantile paper at 6 percent. Clearing House balances and ex changes noted with domestic and New York figures. Proposals invited for two city loans of 1 174 and 600,600 at 2 1 2 and 3 1 4 percent, payable Jan 1, 1920 and Jan 1, 1900 respectively, to Alfred T. Turner.
Advertisement prompts readers to call for full particulars on bonds tied to the Androscoggin and Kennebec railroad, highlighting low investment yields around 3 percent and inviting inquiries from prospective investors.
The Westinghouse Electric Company declares a dividend of 174 per cent while Westinghouse Electric & Manufacturing posts 1 s per cent. Wellfleet Marine Insurance Company declares a dividend of six dollars per share.
Bills of Exchange on London featured as high grade investment bonds and a general banking business described. The note highlights London financial instruments and a broad banking service.
ELEC STOCKS listed include br W Prescott Co Devonshire St. Eastern Electric Cable Co at 51 Bill. Gethins Intectrical Mf Co. Union Electric Car Co. United States Mail Box Co 129 Thomson-Houston Co. Furnis Bole. Thomson-European Elec Welding Co 110. Prices and status vary across firms in this market snapshot.
Money on call eased from 2% to 3 1/2 percent. Prime merchants paper 4 1/2. Bar silver 95.4. Sterling quiet with bills 4.82 and demand 4.86. Government bonds dull, railroads quiet. Stocks active after 2:30 with broad gains, Tennessee Coal & Iron weak, heavy covering in list, Rock Island and Chicago, Burlington & Quincy lead gains. Closed firm near day highs. Tennessee Coal specs volatile though recovering.
New York stock transactions on February 24 show total 287,100 shares traded. The following list details the shares sold by name, quantity, and trading party as recorded in the market report.
London and Paris market notes show U S government bonds at 126% 4s and 125 44 for United States 4s, Canadian Pacific 76 24 and 76 42, Erie around 26 and 2642, Reading 20 and 2034, New York Central near 109, St Paul common around 69, Mexican ordinary about 37% and 37%, Paris routes at 88 francs 10 centimes, with short bill discount around 41/2 percent and three months at 44s.
The Wisconsin Central railroad is restored to stockholders by a decree signed by Judge Gresham, based on Hugh Ryan special master findings. Trustees Abbot and Stewart discharge after safeguarding assets from 1879 to 1886, with total receipts over disbursements of 187,015 and bonds, taxes, and improvements covered in the master’s report. The road, forming part of the Northern Pacific system, runs from Chicago to St. Paul and beyond with extensive branches.
Mr. Duartes Howard Still and Mr. J. F. Hyde have set up at room 87 Equitable building to run a general real estate and tire insurance business. Mr. Smith plans to specialize in selling property at full.
In Fall River on February 24 the print cloth market showed dull steady activity with little bidding. Prices held at 3c for 64s and 3s 6d for 56s as business remained stagnant.
London wool sales concluded with 10 147 bales offered and a thin turnout yet active trading. Prices dipped early but steadied by close, with Victorian medium greasies in strongest seller favor. Next series to begin April 10, with 55 000 bales carried over and 400 000 slated entries.
Chicago reports curb May wheat at 775% with a dull market and small range moves. Corn and oats show weakness then partial recoveries while provisions stay firmer with active rib buying by Arnour and bears covering on lard. Closing grain quotes indicate scattered gains and losses across wheat corn and oats in New York and St Louis sessions.
The general dry goods market shows little change with satisfactory jobbing, large orders from the West, and improved New England trade. Colder weather helps retailers move surplus seasonables, yet prolonged cold could hurt Geneva trade. Back orders stay high amid some failures, but overall trade remains sound. Cotton goods stay firm, brown drills and cotton yarns strong, white goods steady, and prints moderate with good agent trade at full prices.
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