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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jul 03, 1886
Page
3
Boston money market remains firm with strong demand and rates near 4 to 5 percent for good paper. Clearing-house loans steady at 6 percent. New York funds par to 17 cents discount. Strong local stock activity with gains in Atchison, Union Pacific, and telephone stocks. new NYSE member William Basset welcomed.
Franklin National Bank declares a semi annual dividend of 24 percent. First National Bank of Chelsea sets a dividend of 3 dollars per share. People’s National Bank Marlboro proclaims 3 percent. Hartford insurers announce 5 percent from Itna and National Fire, 4 percent from Connecticut Fire, and Hartford Fire at 10 dollars per share. Pocasset National Bank Fall River declares a semi annual dividend at 3 percent per year.
City of Boston 6s City of Cambridge 6s City of Lowell 6s City of Baltimore 3 65s City of Portsmouth 0 43 bonds listed as investment issues.
Blake Brothers and the Pacific Termination Company announced a first mortgage proposal with the Oregon and Transcontinental Company and the Gold Spokane and Palouse Bank. Northern Pacific Guarantee noted.
Money on call is easy at 1 6, last loan 1%. Sterling exchange dull. Actual business at 487 for 60-day bills and 48844 for demand. Railroad and government bonds steady. stock market dull after 2:15 p.m. Louisville & Nashville stock surges to 1048, others close near opening. Total railroad bonds turnover 2,695,000, up from yesterday by 1,013,000. Indiana and Ohio futures show mixed moves with several issues advancing or declining, daily transactions 161,546 shares.
A dense list of railroad and mining stocks with quotes for Adams Express Ohio & Mississippi Aston Terre Haute Ontario and Western American Express Oregon Navigation Boston Air Line Selectan Transcon CR&N Canada Pacific Central Iowa Panams Pacific Mail Canada Southern Reading Richmond Danville Chicago and Alton Rock Island St Louis San Francisco etc. Includes preferred and coupon issues, plus yields and prices for Union Pacific Wabash Missouri Pacific Northern Pacific Denver Rio Grande and more.
A Bloomington railroad line has appointed Judge Gresham to appoint a receiver amid disputes over the Cincinnati Sandusky and Cleveland lease. The board explains the action aimed at protecting revenues and honoring prior obligations after a reversal of a favorable Ohio court decision. Secretary J D Campbell signs the July 1 1886 communication to bondholders and stockholders.
Referee Cassidy, appointed in United States Trust Company v West Shore, sails Thursday on the same steamer as Chauncey Depew. He had reported up to June 1 balance of $1,040,546.35 and recently paid $571,776.22, including a half million check, under Supreme Court confirmed partial report.
A broad description of the Richmond & Danville Railroad guide book for Southern tourists titled Where to Spend the Summer and How to Reach the Resorts of Virginia, North Carolina and Georgia via the Piedmont Air Line. Includes notes on Wells Fargo dispute, locomotive news, earnings reports, and rail line developments with multiple dated facts.
Mensman s peptonized beef tonic marketed as the only beef preparation retaining all nutritious properties. It asserts blood making force generating and life sustaining effects for indigestion dyspepsia nervous prostration general debility and enfeebled conditions from exhaustion overwork or acute disease, especially pulmonary disorders. Coswell Hazard Co proprietors New York sold by druggists.
The dull flour market and steady corn contrast with firmer oats and unchanged other grains. Butter and cheese hold, eggs firm, and refined sugar rises to 66K per lb. Fresh meats stay firm, pork market stronger and exciting. Internal revenue for eleven months ending May 30 1886 rises to 107,104,485, up 3,402,838 from last year with shifts across spirits, tobacco, fermented liquors, banks, and miscellaneous items. Secretary Swank notes robust iron and steel output but calls for higher exports and lower imports to sustain growth.
Wheat end of week prices in Chicago have trended lower since 1880, with July week-outs and arrivals ahead of the new crop. San Francisco exports are light due to high freights while Minneapolis flour hits record lows. The Cincinnati Price Current forecasts winter wheat at 295.6 million and spring at 140.6 million bushels, total 435 million. Wheat and corn supplies shift versus last year, while visible stocks in the U.S. and Canada stand at 53.6 million bushels of wheat and 14.3 million of corn, down from last year. Market tone remains firm for corn and oats, with steady or higher prices for several grain grades and assorted flour and meal prices listed.
The market shows steady butter with large receipts and rising stock while demand remains fair and focused on fine grades. Western creamery dominates sales with 16 18c covers. Northern creamery is light and best grades move slowly. Cheese remains firm with strong export demand. New York markets show weakness for certain cheddars while Liverpool rates stay firm. Eggs, beans, apples, and fruit markets vary with steady to higher wholesale prices and several regional price notes.
Provisions show firmer demand for pork lard and beef, with export and local demand fueling price advances. Fresh beef also firmer and higher. mutton veal lamb supply good and prices largely steady. Comprehensive price list for pork cuts, beef, and other fresh meats included.
The market remains quiet with steady quotations for middling uplands and good ordinary. New York futures opened barely steady with bid and ask ranges across months. Liverpool holiday noted. Spot market closed quiet with modest advances for mid uplands and other grades. sugar and molasses show varied quotations amid steady refining and oil markets.
Market report from New York shows receipts 20 436 barrels 1 344 barrels 53 571 sacks and stronger tone with increases in No 2 and Western State goods. Rye flour corn meal oats and coffee prices listed alongside pork beef lard and butter and other staples with regional figures from Milwaukee Chicago Cincinnati Toledo Detroit St Louis Minneapolis and notes on shipments and vessels.
The weekly report shows graded receipts across ports with varied activity. Net receipts at all US ports total 17 845 bales for the week, and exports to Great Britain and other destinations rise while stocks at ports reach 355 015. Interior stocks total 37 063 and Liverpool stocks 661 000. The exchange will be closed July 3 and 5.
Cattle receipts reach 4300 with 2000 shipments, steers to 41550, stockers and feeders 255 425, cows bulls and mixed 150 200, bulk 260 310 through Texas 3 4. Hogs receipts 21 000, shipments 7000, higher with rough mixed 445 480, packing and shipping 475 480, light 445 435, ships 275 425. Sheep receipts 4000, shipments 500, natives 224 50, Texans 1200 200, lambs 1300.
Chicago despatch reports active markets with heavy buying by major houses. The opening on the open board showed a strong rise over last night, but regular board opening slipped around 7 7/8 to 8 1/2 cents, prompting profit taking from long holders and widespread selling from shorts. The general tone remains strong as traders expect continued activity.
Special despatches to Clark Ward in Devonshire Street describe Chicago wheat opening higher on strong demand and short-covering, with prices moving to 7 1/4 cents and then slipping. Oats rise with wheat while provisions weaken after early gains. notes on broadening market, large short interest, and expected shorter world wheat crops.
Commercial dispatch notes cargoes off the coast and another brief pause in wheat buying. Demand fair with prospects slightly higher. wheat quiet but steady on passage and for shipment. Liverpool market shows quiet winter and spring wheat with mixed prices. California and Western corn weaker. sugar in Havana firm with 1000 bags sold.
Financial notes from London dated July 2 list U S bonds with quotes including 45 113 a 44 49 and 1234 for do seconds. Canadian Pacific Erie St Paul New York Central Pennsylvania Reading and Illinois Central are cited with varying prices and percentages as market references.
A long, scattered list of cargo consignments from Yarmouth Newfoundland to Liverpool and Rio Grande do Sul. Items include lobsters, fresh fish, eggs, mackerel, woollens, earthenware, hardware, oil, wine, textiles, leather goods, machinery, and various crates and cases with numerous merchant names and firms such as Ellis & Co, DeLong & Seaman, J G Hall & Co, Jordan, Marek & Co, Wright Bros, Stone & Downer, and many others. No narrative, but a snapshot of a large diversified shipper cargo movement across ports with quantities and goods.
A fragmented ledger lists ships and cargoes from CAPE VERDI ISLANDS to Halifax including tar, beer, canned goods, oil, meal, bread, and numerous miscellaneous items. SRIDGEWATER NS Schooner Cyrene carries flour and meal. Demerara and Glasgow bound vessels report varied imports and exports such as butter, cheese, wool, hay, leather, hardware, and timber amid July and June clearances.
Friday receipts show Boston and Albany and other lines handling large consignments. Cotton bales and wool totals run high, with flour, corn, oats, malt, butter, cheese, and leather among the varied goods. Multiple rail divisions report dozens of bales, barrels, cases, and boxes, reflecting heavy commerce across Boston related lines.
Albany NY E L Smith and O M Pratt of Smith Pratt and Herrick Ads Apalachicola Florida J N Coombs of Coombs and Co Craw Bayou Sara Le J Freyhan of J Freyhan and Co Par Pig dee ob Li I Greensfelder of Greensfelder Rossnthal lo Per eg Lac Wis Charles Stickney of The Stickney B and 30 Craw Fort Worth and Dallas Tex E B Lewis of Lewis Bros Galveston Tex S M Penland of 3 M Penland and Co Par Mobile Ala Adam Curtis of Adam Curtis and Co Nashville Tenn o J Smith of Hall Ordway Mfg Co Ads Portsmouth O NJ R Tracy of C P Tracy and Co Prescott AP T O Bray Par San Antonio Tex S Halff of M Halff and Bro Par Antonio Texas A Oppenheimer of D A Oppenheimer St Louis Mo F 5 Powell Craw
CHAS. MASON, Commissioner of Patents, commends Trevard Mr Eddy as one of the most capable and trustworthy practitioners. He assures inventors they cannot employ a more capable person to prepare applications for early and favorable patent consideration.
Schedule details changing on Monday June 1986 with trains from Boston to New York Shore Line Fast Express and multiple local routes to Providence Mansfield Attleboro Dedham West Roxbury Stoughton Canton and more including return times and transfer notes. A. A. Folsom superintendent notes passengers may wait at Mansfield for Shore Line arrival and a Shore Line delay caveat.
The Concord and Boston branches announce departure times starting June 28 1886 from Boston B and L depot to Manchester Concord NH and connected lines with multiple daily runs including morning and afternoon slots and Sunday service. Returns from Boston and Manchester areas are listed with early and late evening offerings.
John Adams Gen. Supt. Fitchbore trains depart Boston for the West with multiple daily options including Pullman sleepers for Chicago and New York Central routes. The schedule lists numerous stops from Worcester to Brattleboro and West Fitchburg via East Deerfield Mount, with varied express and accommodation trains and Sunday operations.
Detailed timetable lists departures from Boston stations Haymarket and North Lawr... to Rochester Farmington Dover Exeter and beyond with numerous daily and Sunday trains. Includes varied times for Malden Medford Melrose Highlands Reading Wakefield and Wilmington routes with return segments and special Sunday services.
Readable snippets list train times for numerous towns including Amesbury Beverly Chelsea Dover Everett Great Falls Rochester Hampton Lynn Marblehead Middleton Newburyport North Conway Peabody Danvers Portsmouth Revere Rockport Gloucester Salem Swampscott Wenham Wolfeboro and Sunday trains for Lynn and coastal routes with multiple daily departures and noted branches and services.
schedules list frequent daily departures from Haymarket Square and Causeway Street to Augusta Bangor St John Halifax Eastport Calais Lewiston Manchester Concord North Conway Portland Rockland Castine Southwest Bar Harbor Machias and other points via Maine Central Grand Trunk and Knox and Lincoln Railways with times from early morning to evening and steamship connections from Portland on select days.
Point of Pines and Oak Island timetable lists departures from Boston at multiple morning and afternoon times with Sundays returning, and Oak Island and Sun Pays daily slots. City ticket office is 306 Washington Street. J Flanders signs as General Manager and General Passenger Agent.
A historical timetable listing numerous departure times for trains from West Medford and other stations including Concord Mass, Bedford, Arlington, Lexington, and more. The notice notes full information on local and through trains available at stations and is signed by Mell en and Lucius Tut tle.
A new timetable announces Monday May 31 1886 departures from Boston for Jefferson and Way Stations with 7 am and evening express options. It lists multiple destinations including Oskdale, Boylston, Clinton, Berlin, Hudson, Met, Sudbury, Wayland, Belmont, Waltham, and Waverly with various morning and late afternoon trains. Lucius Futtle named General Passenger Agent and C S Mellen General Superintendent.
Timetable listing weekday departure and return trains from Boston via Fall River and Taunton to New York and numerous branches to Newport Brockton Whitman Cohasset Hingham and Cape Cod destinations with limited daytime and evening options including return times and through-services.
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