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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jan 17, 1888
Page
6
Omaha and South Omaha rely on water works funded by 800000 dollar six percent twenty year bonds listed on the New York Stock Exchange. Market activity was dull with limited price movement. Railroad bonds showed strength while several issues moved marginally on light volume.
The Boston money market eased with transactions at 3% to 6% and time paper around 4% to 6%. Clearing house balances, New York funds, and bank statements moved modestly, while corporate activity showed cautious buying as Atchison and several rail issues fluctuated and New England and New Haven discussed harmonizing services and commuter upgrades.
Authorized issue of 500 000 registered bonds due January 1 1988 bearing 4 percent interest payable semi annually issued at par and accrued interest after January 1 next. Right to raise price anytime without notice reserved. J M Washburn December 27 1887 Treasurer.
Report of stock sales by Wilson W. Hrey & Co at No 7 State Street dated January 16. Listings include various stocks such as Gray's Dynante, Napa, Security, Honecrine, Nation Acilespiece, Crtalpa, Reece Button Hole Machine, Lord Acoustic Tel, Busall Limes, McKay Heeling Mach with prices and quantities shown for each.
New York money on cats ranged from 3 4 to 41 2 percent with last loan at 4 and closing at 6 percent. Prime mercantile paper 5 4 2 7 12 percent. Bar silver 9 6 5 percent. Sterling exchange steady. Actual business 4.44 to 4.84 for 60 day bills and 4.86 to 4.80 for demand. Government bonds dull. railroad bonds fairly active. Stock market shrinkage after noon with Reading and St Paul most active. Liss stagnant. Lackawanna up about 2 p. m. but near first prices at close. Cotton oil certificates very active early, then little change.
London bond and stock prices shown with Consols at 1029 16 for money and 10256 for the account. United States 4s at 129, Atlantic and Great Western firsts at 3834, Erie at 295, Illinois Central 121, St Paul 764, New York Central 111. Reading 4 130 p.m. Paris advises list 3 per cent rentes at 51 francs for the account. Money stands at 114 per cent at 2:40 p.m. Bar silver 447 16d per ounce. Bank of England bullion on balance today 51 000 pounds.
Hecht and Putzel shoe dealers of Baltimore assigned to Jacob Hecht for creditors with a $150000 trustee bond. Isidor Cohnfeld of New York with $780000 liabilities left for New York. assets not stated. Providence’s Jackson Institution for Savings suspended after a deposit drain of about $20000. deposits over $400000, asset value and mortgages fell. Amaza Lyon umbrella maker of New York assigned due to his endorsement for W. H. De Forest. estimated to be about $100000.
President Elijah Smith outlines why no dividend is paid yet due to subscription shortfalls for 2,000,000 of 7 percent preferred stock to fund improvements. Net earnings rise to about 1,140,000 with 790,000 after fixed charges, leaving 650,000 for common stock. Subscriptions reopen March 1, 1883 with installment plan and accrued dividends. Expert James C. Clark extols Atchison system and Chicago extension benefits.
A compiled roster of boot and shoe buyers, listing names and firms from multiple U S and foreign cities including Birmingham Chicago Detroit Philadelphia St Louis Selma and more, with associated firms such as Perry Mason Co J Mantonya Co Waterman Star Co Lippincott Son Co and others. The item outlines buyers across diverse regions and notes several firms and representatives in the trade.
Canned goods steady firm notes and flour very firm. Corn dull and quiet. Oats very firm and oatmeal steady. Millfeed easier. Butter firm, cheese strong, eggs dull. Beans in fair demand. Grass seeds very firm. Potatoes moving fairly, sweet potatoes quiet. Hay fair demand. Poultry firm, game dull, tallow fair demand. Florida oranges in fair demand. Cranberries very firm. Nuts unchanged. Truck quiet. Pork firm. Fresh beef quiet. Lambs fair demand. Veals steady. Sugars firm, molasses steady.
Canned goods show firm demand with quiet squash and rising gallon apples. Tomatoes stay tight, lima beans firmer, and dried fruits steady with active Valencias and firm Currants. Prices listed for numerous canned items include apples, apricots, beans, and seafood, while dried domestic and foreign fruits feature sun dried apples, evaporated fruits, and raisins with varied quotes.
The grain market remains firm yet quiet with millers holding prices. Winter patents are weak as buyers find winter-wheat mills unwilling to concede, while spring patents edge closer in price. oats and oats futures show small activity with steady spot quotes and limited shipments.
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