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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jun 03, 1886
Page
3
Boston money market is largely unchanged with some banks reporting higher demand. Rates show 4 to 4 1/2 percent for good paper, 3 to 4 percent for manufacturing paper, and 3 to 3 1/2 percent for call loans with collateral. Clearing house rate holds at 2 percent. New York funds sell at 15 to 20 cents premium per $1000.
A fragmented financial notice lists bonds including Chicago Cincinnati St Paul Portsmouth St Louis. Gold Coast County District of Columbia. Chicago Milwaukee St Paul. Dubuque Division First Mortgage 6s due 1920. Hancock County Ohio 41-28 yy is 6s.
Municipal and railroad securities activities are reported with market movements, broker commentary, and preliminary price shifts. The item notes investor interest in city bonds and transit related debt, with reference to yield directions and likely issuance trends.
California mining stocks closing prices listed from San Francisco on June 2 show Rivers $6.18 and Gould & Curry, Bodie Consolidated, Hale and Norcross California and Virginia, Holmes Eureka Consolidated and Mono among others, with varied fractional gains and losses as markets wrap for the day.
Market notes show mixed mining stock activity with several names listed. Con Coal at 2400, Homestake 2000, Ontario 28 50, Quicksilver 475, Quicksilver preferred 2000, Sutro Tunnel 110, Tron Silver quoted, Bureks GOD steady, Con Cala & Va.ce and AliCO around 00 with limited detail.
The flour market remains dull with unchanged prices, though sales require concessions. Corn and oats ease slightly while No 2 white and other grains show mixed movement. Butter and dairy prices fall, beef and veal trade slow, and hay markets favor buyers. Maryland Delaware strawberries move 9 to 12c, tallow firmer at 4c, and shipments include 4000 bbls cabbage and 850 crates peas on the Norfolk boat due Friday.
The Week Ealing report shows markets for flour and grain with slight demand for flour and generally unchanged prices. Spring and winter wheat patents range around 4 to 5 dollars per barrel, roller flour prices vary by state with New York, Michigan, and Ohio area figures, and mixed cereals such as cornmeal and oats show mixed movements. Other grain items include bran, middlings, and cottonseed meal with current spot and arrive prices.
Closing prices for bonds and railroads show varied results across issuers. Notable listings include Mex Cen 7s, Oregon Nay 7s, and Union Pacific with multiple price points, while ex-dividend appears for Mex and related securities.
Ohio railroad commissioners report details 7124 miles of track up 1 percent with 616 standard gauge and 708 narrow gauge. Total Ohio track 17974 miles, 1517 under receivers, capital stock 430,576,191 dollars with 9419 stockholders. Freight and passenger figures show declines. freight tonnage up 43 percent, passengers down 16 percent. Safety notes on couplers urge standardization and continued use of self-acting couplers to avoid disruption.
Butter steady with multiple creamery grades quoted between 10 18c per lb and 7 8c for best new cheese. Eggs dull with Eastern fancy and Western prices noted, beans and potatoes vary by type and region. Metal prices slight demand uptick for ingot copper. various copper and tin products priced. Provisions solid with pork, beef, and lard pricing, smoked hams active at varied weights.
A Concord dispatch reports the Dow case on the Northern railroad lease to the Boston and Lowell began before the full Supreme Court bench and will span two days. Plaintiffs speak through ex judge Jeremiah Smith of Dover and other leaders including Gilman Marston of Exeter Harry Bingham of Littleton Edgar Aldrich of Littleton and John Mitchell of Concord. Defendants are represented by A A Strout of Portland C H Burns of Wilton W L and Lancaster ex judge W L and J H Benton Jr of Eston.
A historical sales listing shows entries for Whittier Dredge Bullion, Merchants' Electric Light Power, Peoples Telephone, Easiman Freight Car Heater, Am Eiec and more. Figures include amounts like 200, 400, 130, 37, 700, 208 and SOC. The fragment notes various vendors and services with terse monetary figures.
The annual meeting was held at noon Wednesday at the treasurer's office 17 State street with President J S Richardson presiding. Directors re-elected include Daniel S Richardson Lowell William H Hill Brookline James A Dupee Winchester Francis Goodhue Brattleboro VT George F Fay Fitchburg Thornton K Ware Fitchburg H Edward L Davis Worcester.
An 1890s to 1920s era ledger style listing shows banks such as Lowell National Bank and First National Bank Lowell, with other financial and industrial names including Holyoke Water Power, McKay Metallic Fastening, Tremont and Suffolk Manufacturing Co, Chicopee Manufacturing Co, Jackson Manufacturing Co, Lancaster Mills, Merchants National Bank, Traders National Bank, and Boston Con Organized rail and river lines. The document notes share values, dividends, and references to several cities including Lowell Boston Chicago Cincinnati and Rutland with various dates and financial figures.
The Rock Island announces its annual meeting held Wednesday with re-election of the board except H M Flagier replaces A G Culman. For year ended March 31 gross earnings reach 12 004 348, net earnings 5 147 456 after fixed charges 5 080 216, surplus 29 947, land sales and other items noted.
New York June 2 market notes show money on call 2 3 last loan 21s. Prime mercantile paper 4 5. Bar silver 955. Sterling exchange rates at 48719 4894. Government bonds dull and steady. railroad bonds active. Stock market after 2:15 p m mixed with heaviness early then strong late. Notable closes: St Paul 92 14, Northwestern 113 44 113, Lackawanna 1301g, Lake Shore 21g. Omaha common stores up on dividend expectations. overall declines across most issues, with a few advances such as Texas and Pacific Ry up 1 1 2. Final prices mostly fractional declines. total bonds around 1 395 500.
The report notes the Chicago and Atlantic line joining the east bound pool. It lists earnings for several railroads for May and the year to date, including Burlington Cedar Rapids and Northern Milwaukee Lake Shore and Western and Northern Pacific. It also reports the Canadian Pacific’s plan to gain control of two roads and a Salem street railway transfer recorded at Salem. A Naumkeag mortgage issue of 250000 first bonds is filed to secure the loan. The Ohio and Mississippi reports April and four months totals with increases and decreases in expenses and net earnings.
A passage catalogs numerous attorneys and firms from cities like Athens Atlanta Baltimore Charleston Chicago and more, naming individuals and firms such as Baldwin Fleming Draper Lester George Brown Wells Brooks Wallace Seixas Oehrig Ford Pionsky and many others. It ends with a travel tip advising Angostura Bitters as a remedy against seasickness for ocean trips.
Miscellaneous market report notes steady prices with better demand across linseed oil lard oil red oil palm olive and fish oils. Lists numerous item quotes including cod and menhad en oils, gamma sugar, hides, waxes, and coal with wholesale activity in cotton and molasses. Freight rates to Liverpool and London cited amid shipping market context.
Prices for store cattle and work oxen ranged from $9 to $24 with assorted lots. Sheep and lambs traded in light demand. veal calves plentiful with mixed prices. Hides, tallow, and pelts listed. several yard sales noted. The report cites light arrivals from the North and East and weaker cow trade amid a generally slow market.
Carloads of Western cattle arrived for export and home trade with price ranges from 575 to 610 per cwt live weight. At Watertown yards, sales included various lots from 1250 to 1505 pounds with prices from 5 1/2 to 6 1/2 cents per pound and several heavier steers averaging around 590 dollars per lot. Brighton sales showed mixed outcomes with steers around 6 cents per pound and multi hundredweight lots, while market sentiment suggested a softer tone and expectations of supply changes by August.
The report notes cotton steady with mixed upland and Orleans prices across grades, flour and wheat markets showing receipts and varied bid levels, and general activity mixed with some firmness in wheat and steady to firm in pork and lard in Chicago and other markets. Numerous city and regional price points, receipts, and exports are listed for Detroit Milwaukee Toledo Cincinnati and St. Louis baskets.
Net receipts and exports list across ports from Augusta to Consolidation showing varied activity. Some markets sit quiet or steady with mid price movements while others report dull or firm tones. highlights include Great Britain exports and continent shipments.
Special reports from Chicago describe a volatile wheat market with early losses reversing to a 3% spike before close, aided by buying led by Cudahy and broad demand. Corn and provisions appear steady to featureless. Car receipts and tomorrow’s estimated arrivals are listed, with mixed grain activity across multiple rail routes and ports.
Prices surged throughout the day as a new Cudahy broker accepted offerings, triggering broad buying. The noon close was 765 on the curb, 77% on the open board, and 77% on the afternoon board, finishing at 77%. New York covered shorts aggressively led by Fraley who absorbed a large short line. Final call stood at 775 with calls T9 7v14 and puts 7614 T63.
Commerce notes wheat steady on passage and for shipment with Mixed American corn at 193 6d per quarter while California wheat quotes around 31s to 343 and 32s 6d for prompt. Liverpool markets show dull breadstuffs and steady corn. cotton steady with 10000 bales sold. Bond quotes and financials include Consols at 1009-16 and U S bonds around 4s WS.
Shipping ledger records vast cargo entries across multiple vessels and destinations. The Boston list details numerous consignments including books, machinery, earthenware, bottled beer, steel, leather, and much more from firms such as Townsend Soule Leigh & co and Barirg Brothers & co, with quantities ranging from single cases to hundreds of bales and crates. Additional entries cover Georgetown lumber, Brunswick timber, Progreso hemp, Cardenas sugar, and Cape Islands mackerel and eggs for various traders and schooners.
Export records listSteamer Boston Queen Cleared May 26 with flour sacks bushels beef leather and various goods to London and Liverpool. Steamer Kansas Cleared May 29 carrying beef cattle wheat lard bacon soap stock goods to London. Schooner Rettie at St John and Bark Ajax at Esbjerg report additional cargoes including petroleum and refined commodities. Steamer Borderer Cleared May 29 with flour tobacco wheat peas leather shooks and machinery among others.
When visiting or leaving New York City, seek Baggage Expressage and $3 Carriage Hire and stop at the Grand Union Hotel opposite Grand Central Depot. It offers 618 rooms, cost about one million dollars to fit, with daily rates from $1, European plan, elevators, restaurant, horse cars and elevated railroad access. Families can live better for less money at this first class hotel. February 2 or July unclear.
A dense 1880s style timetable lists through service from Boston to Tilton Laconia Plymouth and beyond with multiple daily departures. It covers Boston station Causeway Street and 218 Washington Street offices, Pullman cars to Montreal, local White Mountain and Northern Division runs, and connections via Fitchburg Hoosac Tunnel. Passenger timings, Sundays and weekday variations, and notices from A A Fulson Superintendent.
Rail service details list Boston stations Haymarket Square and Causeway Street plus a city office at 306 Washington Street. Pullman cars on Portland and Bangor trains and multiple daily departures to Bangor St John Halifax Eastport Calais Lewiston Augusta Manchester North Conway and Portland with varied times from both Haymarket Square and Causeway Street stations.
Western Division timetable lists departures from Boston Station Haymarket and Great Falls Dover Exeter Merrimac Haverhill Georgetown North Andover to Alton Bay Rochester Parmington Kennebunk Biddeford Saco and other locations. Times vary by route with morning and afternoon slots including 7.30 am 8.30 am 12 M 1 3.30 PM and up to 6.15 am.
Train list shows weekly and Sunday departures from Boston to Reading Way Stations Lowell Lawrence Bbover Maverhill Portland Bangor Lewiston Medford with multiple morning and evening times. Sunday service notes Wednesday Friday and Saturday restrictions and workingmen’s train details and station stops.
Daily schedule details for multiple coastal towns and cities including Biddeford Saco Berth Conway Wolfeboro Great Falls Rochester and Portsmouth. Notes on branches Saugus Lynn Way Stations Newburyport Portland Bangor St John Halifax and more with times across morning noon and evening. End by James T. Furber and Veron C. D. J. Flanders signatories.
Lucius Tuttlle and Mellen, general superintendents, publish a detailed Boston to Jefferson and Way Stations timetable starting May 31 1886. Includes multiple daily departures and returns with numerous stops such as Belmont Waltham Met Belmont Waverly Berlin Hudson and So Clinton numbers and express services.
Detailed weekly schedule for Old Colony trains via Fall River Taunton and Brockton to New York and Newport. Lists departure and return times from Boston and intermediate stops including Taunton Randolph Stoughton North Easton Cohasset Hingham Plymouth Cape Cod region and Provincetown with weekday and holiday variations and notes on connections.
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