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Newspaper

Boston Post

Location

Boston, Massachusetts, United States of America

Date

Jan 31, 1888

Page

6

Market totals and stock quotes from New York and Chicago notes

The day's business reached 1 654 000 dollars with major issues gaining in price. Names such as Nickel Plate Chesapeake & Ohio St Paul Hamilton & Dayton Cleveland Columbus Cincinnati & Indianapolis Hocking Valley and Buffalo & Erie appear among 1894 to 1911 issues with varied rises. The Chicago market records guests including ex-Governor Morton and several dignitaries at Parker Tremont and Quincy House in New York and Boston area.

Chesapeake & Ohio St. Paul Hamilton & Dayton Cleveland Columbus Cincinnati Wabash Morris Buffalo & Erie New George T. Comins Concord N. H A. H. Barrington Providence J. B. Owento New York W. L. Paine Parker York Griffith Coit San Francisco Morton Vermont Tremot George D. Robinson William DeVene A. P. Jenkins Belfast Irc A. E

Mind the Money Market Boston Bank Rates and Stocks

The Money Market in Boston opens easier with light loan demand and excess supply. Clearing house balances and New York funds shifted, with rates on calls at 3% to 4 1/2 percent. U S treasury funds and sterling exchange noted, plus a weak close in the local stock market. The Missouri River bridge at Sibley completed, freight traffic expected Feb 1, passenger March 1. Chicago & Eastern Illinois and Indiana Coal Railway consolidation discussed, with full dividends and extensive coal traffic plans.

Boston New York Liv United States National Bank Sterling Exchange Reichsmarks Chicago St. Louis San Francisco Telegraph New Orleans Bank Savannah Charleston Atchison Big Ag Missouri River Sibley California Southern Chicago & Eastern Ilinois Chicago & Indiana Coal Railway Chicago &Astern Eastern Illinois Jerre Haute Ind Indiana Coal Brazil la Crosse Amcounts Chicago & West Michigan Railway New Buffalo Chicago & Atlantic Chicago & Western Indiana Railroad Belt Railway of Chicago & Western Indiana Doulton Grape Creek Indiana Indianapolis Indiana, Bloomington & Western Railway Ohio River

Debt and securities held by railroads totaling millions

Total debt and capital listed as 16 018 000 and 7 502 000 with securities owned by Chicago and Eastern Illinois and related lines including First consolidated mortgage bonds and various stocks. Assets include cash after current liabilities and securities tied to Chicago and Western In lana, Bolt railway, Nickeliate Coal and Chicago Indiana Coal railways with amounts noted.

Chicago & Eastern Illinois Railroad First Consolidated Chicago & Western Inlana Railroad Eees Bolt Railway of Chicago Andry Securities Chicago & Indiana Coal Railway

Earnings and markets slide through 1887 rail era

Centra&Sc. Railroad earned 2,071,604 with 456,500 on investments. Operating expenses reached 818,004 while earnings on stocks stood at 306,437. December earnings fell to 88,589 from 102,557 in 1886, with 1887 annual earnings at 1,147,160 vs 1,226,536 in 1886. Chicago and Michigan lines show mixed movements as bond and stock prices shift and key tonnage and grain rates adjust. Boston Wharf Company reports 1887 land sales receipts of 77,350.16 and total assets near 2,250,622.19 with funded debt 576,000 and stock value 600,000.

Centra&Sc Eee Eaeacceess Eee Detroit, Lansing & Northern Preferred Chicago, Burlington & Quine Chicago, Burlington & Northern Chicago Kiernan Chicago Burlington & Quincy New York St. Paul Chicago, Burlington & Quincy Pullman Palace Chicago Tribune Flint & Pere Marquette West Michigan Union Pacific Washington Wisconsin Central Atlantic & Pacific Kansas City Springfield Memphis Birmingham Boston & Lowell New England Boston & Maine Eastern Central Massachusetts Fitchburg Erie San Diego Frenchman’s Bay Topeka West End East Gostha Campobello Wollaston London Tamarack Calumet & Heela Quincy Atlantic Kearsarge Allouez Dunkin South Side Dunkin Mining Company Leadville Calumet & Heela Stamp Mills Boston Wharf Company Boston Herdic Phaeton Company Williams

Dividend Declarations From Regional Firms

The Boston Duck Company and the Thorndike Company each declared a dividend. Bowker Fertilizer Company announced an 8 percent dividend, Wakefield Rattan Company 5 percent, and Providence and Stonington Steamboat Company a quarterly dividend of 243 percent.

Boston Duck Company Thorndike Company Bowker Fertilizer Company Wakefield Rattan Company Providence & Stonington Steamboat Company

Old Colonyff New Bond Issue Authorized at $500000

The Old Colony ff announces authorized bonds of five hundred thousand dollars with a registered issue due January 1 1958 and bearing 4 percent interest payable semiannually. Bonds issued at par and accrued interest after January 1, 1888 at the treasury of J M Washburn with price-raising reserve without notice.

London financial roundup shows mixed US and railway stocks

London at 2 p.m. quotes Consols 102 15 16 for money and account. US 4s 129 1/4, US 44s 110 1/2. Atlantic & Great Western firsts 39, Erie 20 1/4, Illinois Central 124, Mexican ordinary 46 1/4, St Paul 7 3/4, Pennsylvania 66 3/4, Reading 44 1/4. Money 3 4 per cent.

London United States Atlantic & Great Western Erie Iilneis Central St Paul Ennsylvania Reading

New York Financial News on New Years Markets

New York financial desk reports money on call easy at 2 to 3 percent, prime mercantile paper 5 to 7 percent, sterling dull, 60 day bills at 4.83 and demand at 4.854. Government bonds dull and steady, railroad bonds fairly active. Stock market quiet after noon with little change, Missouri Pacific and New England showing brief activity, overall market fluctuating but ending near previous levels amid a cautious, bullish early tone and later liquidation.

Prime Mercantile Sterling Exchange Missouri Pacific New England Bears Coulers Grangers

Rail line sale talks target San Antonio & Aransas Pass

A San Antonio despatch reports the Atchison is negotiating to buy the San Antonio and Aransas Pass to block Rock Island’s proposed Gulf access. The SA&AP operates 420 miles with 40 miles graded Beeville to San Diego, linking to the Mexican National, and its main line runs San Antonio to Aransas Pass with a Rosenberg branch. Atchison offers would give a 60 percent stake, but current owners have offered only 40 percent.

San Antonio Tex Mexican National Aransas Pass Rosenberg Southern Pacific Gulf, Colorado & Santa Fe Atchison Galveston

Sleeping car rates draw state legislative heat in Ohio

The Chicago Railway Age notes that an Ohio Senate bill would require sleeping car firms to provide a night or twelve hour berth for one dollar and to close upper berths when unsold. The proposal, likely to be copied, would curb luxury and raise questions about affordable options for those unwilling or unable to pay premium prices for privacy and exclusiveness in travel.

Chicago Railway Age Ohio Senate

Chicago to California rates rise but pullman excursion preserved

The Chicago & Alton railroad lifts the one way rate from Chicago to California to 100 while keeping a through Pullman palace buffet and drawing room car excursion to Los Angeles at the old round trip rate of 80. Excursions depart February 16 at 12 05 pm with tickets valid six months and free route choice on return. The Fitchburg stockholders meet today and may add Francis Smith of New York to the board. A Western despatch notes plans to extend the Chicago Teambal Springfield line from Springfield Missouri to Little Rock Arkansas, with Missouri claims the Chicago Burlington & Quincy backs the plan.

Chicago California Chicago & Alton Railroad Pullman Palace Los Angeles Fitchburg Francis Smith New York Boston, Hoosac Tunnel Springfield Little Rock Ark Missouri Chicago, Burlington & Quincy

Ninth annual reunion of Catholic Young Men Boston College

The ninth annual reunion of the Young Men's Catholic Association of Boston College was held at Mechanics Hall on Huntington Avenue. Governor Ames and staff attended with a grand procession and reception committee escort, followed by an orchestral concert, a cornet solo, and a long illuminated dance floor with about 1000 attendees. Prominent Catholic and Irish figures and a collation marked the evening.

Young Men’s Catholic Association of Boston College Mechanics’ Hall Huntington Avenue J. C. Mullaly Edmands Nicholas Russo P. A. Halpin Association Patrick Donahue Donahue Jere W. Fogarty Irish Society

Obituary of Captain Sylvanus C. Blanchard of Boston Marine

Captain Sylvanus C. Blanchard a director of the Boston Marine Insurance Company from 1873 to 1885 died in Richmond Virginia aged seventy eight. Born in Yarmouth Maine he built wealth as a ship owner and Boston resident at 502 Columbus Avenue. A Democrat and Post reader his death followed old age and injuries from a fall. He leaves a widow two sons and a daughter. one son is in San Francisco. Remains will be sent north for interment in his birthplace.

Sylvanus CC Blanchard Sylvanus C. Blanchard Boston Marine Insurance Company Richmond Yarmouth Blanchards New England Boston Columbus Avenue Dr. Webb Post San Francisco Captain Blanchard

George Godwin F.R.S. Architect Editor Dies in London

George Godwin F.R.S. renowned architect editor and writer died in London aged about 70. Born Brompton in 1815 he won a Royal Institute medal in 1835 for an Essay on Concrete later translated into several languages. He authored Churches of London and helped found the London Art Union.

George Godwin F.R.S London Brompton Royal Institute of British Architects London Art Union the Builder

Rev. Brainerd Keat Dies in Chicago Paralyzed

The Rev. Brainerd Keat died in Chicago on Sunday from paralysis. Born in Dorset, Vermont, on April 25, 1802, he graduated from Williams College in 1824 and moved to Chicago in 1856 where he devoted himself to missionary work among railroad men.

Brainerd Keat Chicago Ile Dorset Williams College

Social gatherings at Youngs and Crawford House noted

A Republican Institution held a business meeting and banquet at Youngs with thirty six members led by William Parkman Jr. A Pilgrim Fathers committee met at Crawford House to plan March celebrations. Examiner Club met at Parker House. A large Youngs dining hall hosted seventy five for ex Senator Cronins California trip, with Col lings presiding and many dignitaries present. Adama House register lists ex governor Smythe and A Herrmann with wife.

Young’s William Parkman, Jr United Order of Pilgrim Fathers Crawford House Examiner Club Parker House Qne Cronin California John A. Collings P. D. Dwyer L. H. Sullivan James E. Pray John B. Martin L. J. Logan J. J. Carew William 4. de Verne Lane Givlin Adama House Frederick Smythe New Hampshire A. Herrmann

Market Report Shows Mixed Steady Food Commodities

Canned goods steady, dried fruits and Chicago markets steady, flour quiet, corn firm, oats higher, cornmeal steady, oatmeal quiet. Buckwheat flour firm, rye firmer, barley dull, malt quiet, millfeed quiet. Butter firm, cheese very firm, eggs in fair demand, beans in good demand. Hay fair, straw steady, potatoes firm, sweet potatoes steady, foreign potatoes fair movement. Truck unchanged, poultry firm, ducks geese in good demand, quail scarce. Apples quiet, cranberries light, Florida oranges fair, Mediterranean fruit quiet, peanuts unchanged, pork firm, lard fair demand, hams steady, fresh beef unchanged, mutton steady, veals small supply, lambs fair movement, sugars steady, molasses unchanged, tallow quiet.

Chicago Florida

Market Report Jan 30 Flour and Grain Markets

The flour market remains quiet with moderate demand and prices listed for various grades. Corn, oats, and barley show firm or dull activity, with quotations for export and domestic use and light western train inspections affecting deliveries. Stocks and visibles in Chicago reflect mixed movement across wheat, corn, oats, and barley.

Park c Chicago Farnum, Reardon & Co Ibus

Stable Botter Trade with Steady Creamery Prices

No change to note in Botter. Trade remains quiet at steady prices. Full prices obtained for choice creameries. Western extra fresh made creameries sell at 31 32 cents, some fancy Elgin at 83 34 cents, Western extra firsts at 746 20 cents, Western firsts at 22 25 cents, Western June creameries at 20 28 cents, Western fancy imitation creameries at 23 24 cents.

Elgin

Also Mentioned on This Page

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