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Newspaper

Boston Post

Location

Boston, Massachusetts, United States of America

Date

Jul 22, 1887

Page

6

Money market holds steady amid mixed bond activity

Boston's money market remains quiet with rates near 6 percent as banks cover clearing needs. New York exchanges rise while Atchison leads gains in a broad market. Wisconsin Central and Minnesota equities show weekly earnings increases. Cambridge Railroad stock swap offer promotes large exchange to preferred stock in West End consolidation.

Europh California Britisi Boston New York Philadelphia

Dividends Declared by Utilities and Rail Line

The South Boston Gaslight Company declares a 4 percent dividend. Illinois Central Railroad approves a 3 1/3 percent dividend payable Sept. 1 for holders of record Aug. 10. Calumet & Hecla sets a $5 per share dividend payable Aug. 22 to holders of record July 23. Tropical American Telephone declares a 1 percent dividend with 10 cents per share on stock of record Aug. 1 payable Aug. 15.

South Boston Gaslight Company Illinois Central Road Calumet & Hecla Tropical American Telephone Company

Financial Market Highlights from London Paris and Berlin

Foreign markets show gains and steady demand. Canadian Pacific rose to 623 1 2, Erie at 32, St. Paul at 835 to 85, Bank of France reports gold up 2.226 million francs and silver 1.475 million. Russian securities advance 1 1 2 percent, St Petersburg exchange 176.26.

London Canadian Pacific Erie St. Paul Paris Bank of France Berlin St. Petersburg

New York Stock Sales July 21 Trades Report

Today's transactions total 155,287 shares with listed securities showing opening, high, low and closing prices. The report itemizes each stock's activity including volume and price movement for the session.

New York

New York Money Market and Stock Summary

Money on call easy at 4 to 4 1 4, last loan 4, close 4. Prime mercantile paper stable. Bar silver 961. Sterling quiet. Government and railroad bonds dull and heavy. Stocks opened weak but recovered losses. end of day firm and close strong. Railroad bonds dull with $556,000 in sales. Notable gains: Chesapeake & Ohio B at 70 1 2, New Orleans & Mobile 2 at 99, Louisville & Nashville 1 at 113, San Francisco class 1 at 114, Iron Mountain Arkansas 14 1 2 to 111 1 4, Tennessee Coal Birmingham 6s 86 1 2, St Paul Iowa & Minnesota 7 8 to 118 1 4, South Minnesota 6s 115, Mobile & Ohio fourth debentures 22 1 2.

Boston New York Sterling Exchange Bank of England Ives Baltimore & Ohio Iit Atchison Shorts Sonora Southern Kansas Chicago, Kansas & Western Chicago Burlington & Quincy Chicago, Burlington & Quincey Road Nebraska Railroad Commissioners Union Pacific Oregon Short Line Atlantic & Pacific Pullman Palace Cleveland & Canton Common Oregon Transcontinental Chicago, Burlington & Northern Flint & Pere Marquette Mexican Central Wisconsin Central Common Wisconsin Central Penokee Milwaukee & Lake Winnebago Minnesota ST. Croix Wisconsin Pasca Massachusetts Common Maine Central Boston & Maine Strow Boston & Maine State Street Concord New England Shepaug Connecticut New Hilal Low- Clos- Closa Est Ing. A Northwestern Eas St. Louis S-E Ohio & Miss West Seer Oregon Pittsburg Reading Fee Mo & MS Wes Cas Pacific Toledo & O.C Pacific Utica & I Ee Oregon Inn Pacific Mail Pullman Pal W. Union Sears Fia Uw St. Gee Allouez Bonanza Calumet & Hecta Franklin Osceola Seater Os Erie Uiney Brookline Ee Livy San Diego West End Bonds Adams American Ns Fargo Atlantic & Pacific Ine BSI Cal Southern Incomes Kan. & Western Amédaor Ae ii Onario Ciu Ran. & Westernine Gilver Brains Phoenix I Rock & Ft Santiago N.Y N. E iTornado Og. & L. Champlain Peab Ark Valley Helle Isle Rutland Wis Central Entral Atch Topeka Boston & Albany Boston & Lowell Oeneee LG Uv Boston & Providence Chi E. Minois Northern Quincy Flint & P. Marq Welsays BOL Nak N.E Old Colony Eee Gt. F Prime Mercantile Western Union Dulness Chesapeake & Ohio New Orleans Mobile Louis New Albany St. Paul Iowa South Minnesota Mobile & Ohio Alyy

Vicksburg and Meridian Railroad Reorganization Plan Altered

The Vicksburg and Meridian railroad reorganization committee modifies the plan to avoid sale. A new consolidated mortgage covers old bonds with 4 percent for two years and 5 percent for three years. Existing income bonds, preferred and common stock receive new preferred stock valued at ten thousand dollars per mile, with dividends from land sales. If the plan fails, foreclosure sale begins in October.

Vicksburg & Meridian Road

New York and New England Seizes Shepaug Line

W H Starbuck acting for the New York and New England railroad has secured control of the 32 mile Shepaug road from Hawleysville to Litchfield and contemplates extending to Winsted. This would forge a strong rival to the Nangatuck line now held by New York New Haven Hartford. The purchase was pursued quietly, and the announcement shocks many stakeholders.

New York & New England W. H. Starbuck Shepaug Road Hawleysville Litchfield Winsted Nangatuck New York, New Haven & Hartford

Shepaug Railroad Sold to William H. Starbuck in New Haven

William H. Starbuck now controls the Shepaug railroad from Litchfield to Hawleyville after purchasing it for about 200000 dollars. The line, finished in 1870, has a capital stock of 299700 and last year earned 68940 with expenses of 64612. An extension to Winsted is likely to compete with the Naugatuck line and align with the Hartford Connecticut Western network. Edwin McNeil, long a controlling figure on the Naugatuck system, may influence the plan.

New Haven Conn Shepaug Litchfield Hawleyville William H. Starbuck Derby Shepang Winsted Naugatuck Road New England Consolidated Road

Railroads Update From City Directors Meeting

Lynn & Boston directors accepted new Harris street and Winthrop avenue Beachmont locations. Crescant Beach double track nearing completion. Manitoba road annual meeting set for Aug 18 at St Paul to elect directors and discuss Montana Central stake. Arizona Mineral Belt first 15 miles earning, 22 laid, 30 graded, 35 miles stocked. Maine railroad commissioners refuse Bos ton & Quebec Air Line route due to incomplete survey. Rock Island to cut Iowa corn rates 2 to 244 cents. New York reports half rate teacher tickets to be redeemed from scalpers per yesterday’s agreement.

Lynn & Boston Railroad Harris Street Winthrop Avenue Beachmont Crescant Beach St. Paul Arizona Railroad Commissioners Maine Boston & Quebec Air Line Skowhegan Jackenanton Canadian Pacific Rock Island Western Association Iowa New York Boston & Albany

Commodity Market Notes Show Mixed Stability Across Foods

Leather demand quiet while hides improve and fat spreads remain steady. Flour, rye, oats, and malt hold steady with firm or unchanged prices. Potatoes in good demand and fresh beef firm. Butter, cheese, eggs, beans, seeds, hay, straw, poultry, pork, lard, hams, raw sugar, refined sugars, and molasses show varied quiet to firm levels with overall steady trading in the period. Truck demand is fair.

Boot and Shoe Market Maintains Strength Amid Mixed Shipments

The boot and shoe market shows strong demand with shipments dipping slightly this week before expected rebound. Buyers include both large houses and many smaller jobbers, while labor troubles in a few small districts threaten to widen the free shop system. Lynn and Haverhill factories stay busy producing fine goods and heavy goods with rail support, and rubber goods contracts remain solid as prices stay firm with hints of an advance.

Worcester County Lynn Haverhill

Leather and hides market steady with mixed demand

Export trade remains light amid a quiet foreign market. Rough leather shows firm light stock and steady brogan and buff grades, while rough splits and some calfskins struggle. Finished leathers hold selective demand with steady wax lines, and hides vary by region with green salted and Buenos Ayres notes mentioned.

West Brighton New England Flint Buenos Ayres Montevideo Rio Grande Entre Rios

Chicago Markets Opening and Closing Quotes

The Chicago markets report lists yesterday's opening high and low prices and the closing quotation. It also notes the closing price for the same day last year for comparison.

Market Reports July 21 Flour and Oat Market Steady

July 21 market notes show flour and miller prices holding to old quotations. Oats and corn maintain steady demand with limited on hand sales and on call bids in Albany and local elevators. Carload details list various grains including No 2 white oats and steamer yellow corn with precise bid and ask ranges.

Albany ST Ee Minnesota Bakers Michigan

Grain and Feed Prices in New York and Canada Markets

Market notes list prices for rollers, patents, and patents for winter wheat in New York and Canada for export. Cornmeal and oatmeal values shown, with rye, oats, malt, and hops ranges. Embedded figures include freight terms fob, prices per barrel, per ton, and per bushel for various grades and origins.

Market Reports Foresees Firm Butter and Rising Cheese

Butter markets stay firm for fine Western creameries at 21c and extra Northern at 22c. New York butter steady, Chicago firm at 21c, cheese very firm with prices rising, New York cheddars at 10 10.4c, Vermont dull on cheese. Egg prices mixed, oats and beans weak, hay quiet, potatoes in short supply, tallow steady. Western creamery and cheese quotes dominate the scene with regional variations.

New York Chicago Vermont Ohio Liverpool Choice Island Nova Scotia New Brunswick Northern Choice Northern Sage Choice Canada Choice Michigan Island Canada North Timothy Bush West East Swale Long Islands Bristol Ferry

Market Rumors Beef and Pork Prices Hold Steady

The pork and lard market shows firm demand with unchanged prices while fresh beef remains firm at prior levels and trade stays quiet. Veal lamb and mutton also hold steady with varied meat prices across cuts and preparations listed for pork, lard, beef, and fresh meats.

Fruit Market Prices and Arrivals Report

Apples arrive freely as sales lag in common lots. Norfolks sell at 1 1/26 per half barrel and 2 2 50 per barrel, Jerseys at 3 5 0 for choice sweet lots, Astrakans at 3 2 5 per barrel, Virginia cantaloupes and Georgia pears vary in price, watermelons plentiful with 70 000 receipts in six days. Extra lots 24 80, medium 18 20, small 12 16 4 100. Blackberries, raspberries, blueberries mix steady demand. California sale notes Bartlett pears 3 20 3 40 per box, Hale’s early peaches 2 7 8 5 per box, Duane purple plums 3 10 3 65 per box, Fountainbleau grapes 1 16 per box. Steamers Bergenseren and Aguan arrive. Dried apples firm with quoted rates. Oranges and lemons: Messina 5 7 per box, Palermo 5 50 7 00 per box, lemons 2 50 6 00 per box. California fruits: apricots 2 42 6 26 per case, pears 3 4, peaches 2 3, plums 2 2 50 per case.

Virginia California Bartlett Hale Duane Bergenseren Aguan Messina Palermo

Local Market Prices for Fresh Produce and Horticulture

A fragmented market listing shows bids and prices for various produce. Items include Quians Egyptian tomatoes Norfolks cabbages cantaloupes beans and Rhode Island plants with prices ranging from 50 cents per crate to several dollars per basket or hundred.

Maltas Rhode Islands Chicago

Market Prices for Farm Produce and Crops

Prices listed for various crops and produce including wax $2 per bush green $1 50 per bush peas 175 per bush green corn native 20 cents per dozen four dozen beets 50 cents per bush 250 100 Long Island 175 per box 3 100 squash native summer 250 100 Southern 1 25 per crate carrots 250 00 count lettuce 1 per box native cucumbers 244 each and 8260 per 100 citron melons 3 350 barrels parsnips 75 cents per dozen bunches.

Miscellaneous Cotton Markets and Prices in Liverpool and New York

Liverpool futures opened firm and closed quiet with several July to September bids around 5 40-64 to 5 41-64d. Spot Upland and Orleans steady near 10 1/2d. New York spot steady with middling at 10 1/2¢ and various classes priced. Futures quotations mixed with July to December bids and asks, market closed steady. Salk pipelines show activity with shipments and exports detailed. Sugar and molasses markets described with refining and centrifugal prices and cargo notations.

Liverpool Orleans New York Manila Orto Rico Cienfuegos Barbadoes Cuba

Trade Centre Flour and Grain Market Figures

Reports from New York show mixed grain trading with flour receipts totaling 13 817 pkgs and exports in the thousands of barrels while wheat and corn futures move unevenly across major Midwest cities including Chicago Detroit Minneapolis and St Louis. Prices for No 2 red wheat hover around 73 to 78 cents with various futures listed and shipments reported.

Hogs and Cattle Markets Across Midwestern Cities

Market reports from St Louis Kansas City Peoria and Chicago show hogs lower with mixed packers at 5.10 to 5.60, cattle steady to stronger with shipping steers 5.20 to 6.20, and sheep and lamb prices varied. Receipts in Chicago reach 11 000 cattle and 190 000 hogs with movement slower in hogs and steadier in cattle.

ST. Louis Kansas City Peoria Chicago Texas

Cotton Markets July 21 Receipts and Stocks Across Ports

Augusta Net receipts 2, gross 2, sales 28. Galveston net receipts 2, stock 2143, mid 934 ¢. New Orleans net receipts 263, exports coastwise 1066, sales 1000, stock 54 887, firm mid 4 ¢. Mobile stock 818 nominal, mid 9 4 ¢. Memphis net receipts 19, shipments 80, sales 50, stock 7644, mid 10 gc. Savannah net receipts 1, stock 1112, quiet, mid 101 4 ¢. Charleston net receipts 1, stock 886, quiet, mid 10 4 ¢. Wilmington stock 753 nominal, mid 10 4 ¢. Norfolk stock 2846 steady, mid 10 4 ¢. Philadelphia net receipts 63, gross 65, stock 16718, quiet, mid 10 ¢. Baltimore stock 4752 nominal, mid 10 ¢. New York net receipts 52, gross 52, exports to Great Britain 3921, to the continent 804.

Augusta Galveston Dail New Orleans Mobile Memphis Savannah Charleston Wilmington Norfolk Philadelphia C. Baltimore New York Great Britain Continent

Also Mentioned on This Page

Cambridge Cambridge Railroad Company Massachusetts West End Street Railway Company Waneee Railroad Cambridge Railroad Metropolitan South Boston Boston Consolidated Street Railway American Loan and ‘Trust Company Congress Street Mass American Loan and Trust Company Aspinwall N Mining Alae Vxsse Sas B&n K& Wss Do Inc. Oeewewee C&w Mich &S Yoo P& Rend Am Bell Tel Eye San Diego la See Spidee West Enn Fitchburg Maine Ceneweder Alboer, Phabuie AU Pevonshire St Boston, Mass Nassau St Saue Mercantile and Travellers Messrs Baring Brothers & Co Devonshire Street Treasury Mason Intiding Kilby St Thomas Leavitt Prest He Pringe Birmingham Kansas & Western Northern Pacific RR Boston Stock Exchange Ikers’ Board Ulis Rutland Gs Tamarack A.T& SF A & PF T&sf K & Wine Bell Erio GOD Gos Mass. Iis Eee Asec Ny&x&ne Pullman Pac Air L Rl Can Ches Ohi Alton Cole Hovde Kia Fort Wayne Ft. W Lele I Tex L.E Lake Shore Long Island Man Beach Sea Te Mith Elev GOYA Ike Nash Eree Nid J. Cent Wilson W. Fay & Co Frenchman’s Bay Land Lord Acoustic Kensington Mafg Sc . Fee Bowman Reece Button Hole NEW York Financial RAILROAD_ MATTERS Vicksburg & Meridian Shepaug Railway Chicago Markets R. Waheat GAT Stort St. i Canada Superior Canada Western Eastern Salk Northwest United Western Steam Lake Detroit Toledo Cincinnati Milwaukee Sp. Louis Minneapolis
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