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Newspaper

Boston Post

Location

Boston, Massachusetts, United States of America

Date

Jun 03, 1887

Page

6

Money Market Stays Quiet as Bonds Rise in Boston

The Boston money market remained quiet with good loanable funds and moderate demand. General paper sold at 4 to 5 percent, call loans at 4 to 5 percent, while government securities showed strength above 10 percent. Atchison and Union Pacific traded mixed as earnings and securities moved on market expectations.

Boston New York Sterling Exchange San Diego Atchison Wall Street News Chicago Wisconsin Central Western Avenue Twenty Sixth Street Indiana Twelfth Street Taylor Union Pacific

Foreign Financial Markets and Bank of France Report

London June 2 Consols steady with slight shifts across issues. Atlantic & Great Western firsts at 454 1/2, Canadian Pacific 63 7/8, Erie 3 0 5/8, Illinois Central 140 4 2, St Paul 96 3/8, New York Central 116 1/2, Reading 26 1/2. Bank of France gold down 1,175,000 francs, silver up 1,450,000 francs. Bank of England bullion down 108,000 pounds. reserve ratio falls from 47.04 to 46.44 percent.

London Atlantic & Great Western Canadian Pacific Erie Ilinois Central St. Paul New York Central Bank of France Bank of England

New York stock market slips on heavy selling June 2

Money on call easy 4 to 6 pct with last loan at 4. Market opened irregu lar and sold off after 12 oclock with Pacific Mail and Richmond & West Point especially weak. Bears dominated intraday, later recovering to end quiet to firm as readings show heavy bond and stock activity and large rail and income issues traded.

New York Prime Mercantile Sterling Exchange Richmond & West Point Reading Pacific Mail Bears Fort Worth Denver Mexican Central Atlantic & Pacific Chicago Burlington & Quincy Syracuse Binghamton & New York Oregon Improvement Texas Pacific Rio and Trust Wabash Green Bay Indiana Bloomington & Western Central Pacific San Joaquin Fort Wayne Lawson & Co Gould Echmond China British Columbia Canadian Pacific Richmond Terminal Cammack

Boot and Shoe Buyers In Town From Many Cities

Altoona Pennsylvania J A Curtis of Fox and Curtis. Baltimore Maryland D H Stevenson of Stevenson and Slingluf Tre. Binghamton New York H A Goff of Stern Goff and Co. Am Chicago IJ H L Seixas of Cook and Seixas Tre. Chicago Lil C W Marks. Chicago NI S Goldsmith of Goldsmith Stein and Co Ad. e eos O W W Laws of W H H Laws and Co Ad. Dallas Texas J Newberger of Sanger Bros Re. Davenport Iowa S P Bryant of 8S P Bryant and Co e. Dubuque Iowa W P Large Tre. Denver Colorado H Plonsky of Burton Bros Pa. Indianapolis Indiana A Jones Jr of Jones Mc Kee and Co Ad. Little Rock Arkansas I Wolf Pa. Macon Georgia I Dannenberg of W A Doody and Co a. Milwaukee Wisconsin G H Atwell Ad. Mobile Alabama l Bernstein Re. Montgomery Alabama D Weil of Goetter Weil and Co Pa. New York New York S H Powers Re. Philadelphia Pennsylvania W H Weiner of Weimer Wright and Watkins Tre. Philadelphia Pennsylvania G W Terry of Samuel Bunting's Sons and Co No 7 Reading Penn W Curtis of Curtis Jones and Savannah Ga L F Collar of Collat Bros St Louis Missouri J H Shafer of Shafer Swarts and Co San Francisco California S W Rosenstock of 5 W Rosenstock and Co Tre. Toledo Ohio S W Nettleton Rd

Altoona Penn J A Curtis Fox & Curtis Baltimore H Stevenson Stevenson & Slingluf Tre Binghamton A Goff Stern, Goff & Co Chicago L Seixas Cook & Seixas Lil Marks S Goldsmith Goldsmith, Stein & Co W Laws Laws & Co Dallas Tex Milwaukee Wis H Atwell Mobile Ala L Bernstein Montgomery D Weil Goetter, Weil & Co New York S H Powers Philadelphia Pennn W H Weiner Weimer, Wright & Watkins W Terry Samuel Bunting’s Sons & Co Reading W Curtis Curtis, Jones

Fire Marshal Reports High Fire Losses and Carelessness

Fire Marshal Whitcomb presented the annual report to the city council detailing fires from November 8 1886 to May 1 1887. It lists locations causes owners contents affected losses and insurance, notes 344 fires investigated and attributes many to carelessness. He links incendiary fires to insurance company practices and over-insurance incentivizing arson.

Whitcomb

Reagan promoted to assistant chief of Boston fire department

Assistant Chief John W. Reagan, advanced from captain, gains top post last week. He has served since boyhood and is praised by business and insurance leaders for his efficiency. Reagan will oversee the rose and harness divisions and assist Chief Webber during his absences.

John W. Reagan Boston Reagan Rose and Harness Webber Department

Regatta Planned by Eastern Yacht Club at Marblehead

The regatta committee declares a triangular course of twelve mile legs totaling thirty six miles for June 21 off Marblehead. Starters include Julia designed by A Cary Smith and purchased by J Jefferson Coolidge and Sachem. New York owners invited with Lt William Henn of Galatea also invited. Start at 11 o'clock off Half-Way Rock.

The Eastern Yacht Club Marblehead Julia A. Cary Smith J. Jefferson Coolidge Sachem New York Galatea

Ives Stayner Deal Rocks Vandalia Rail Network

An Indianapolis dispatch reports Henry Ives has secured from McKeen an option on the Vandalia property for 2 million dollars. The Vandalia system includes several Indiana and Illinois lines with complex lease and guarantee arrangements involving the Terre Haute and Indianapolis, Pan Handle, and Pennsylvania interests. A separate City of Mexico note mentions railway contracts and ongoing construction across Mexican lines. Executives in New York and Boston are preparing to issue up to 40 million dollars in bonds at five percent, with a transit plan to place the bonds in multiple markets.

Indianapolis Henry I. Ives McKeen Vandalia Terre Haute & Indianapolis Indiana State Line St. Louis Terre Haute Terre Haute & Logansport Indiana Coal Road St.Louis Pan Pennsylvania Big Four Cincinnati William M. Thayer George N. Stark Nashua N. H William Rotch Boston H. A. Blood Fitchburg Levi M. Bates C. V. Liddell T. N. Bruin New York City W. C. Chapman D. C. Lindley Canada L. E. Chittenden Boulevard Fifty-ninth Street Pelham Avenue New York

Canadian Pacific Railway reports four month earnings and April gain

The Canadian Pacific Railway Company shows gross earnings of 2 723 793 for the four months ending April 30, 1887 with working expenses 2 487 340 and net 1 236 453. The April net income is 282 456, up from 608 065 year earlier. The Abyssinia sails May 30 from Vancouver with 81 cabin passengers and cargo including 2 500 000 pounds tea and 63 bales silk. It plans to sail to Yokohama and Hong Kong June 20.

Canadian Pacific Railway Company Abyssinia Canadia Pacific Line China Japan

Directors Re-elected as Chicago & Rock Island Stockholders Meet

At the Chicago meeting of the Chicago & Rock Island Railroad stockholders, all last year’s directors and officials were unanimously reelected. The annual report shows 1887 figures with declines in net and balance compared with 1886, and notes favorable changes in land sales and surplus. Southern California rail news reports rival lines clashing, SP expansion toward San Diego, Santa Ana, and possible steamship links to Honolulu.

Chicago & Rock Island Railroad Company Chicago Southern California Southern Pacific Company Atchison, Topeka & Santa Fe Company San Juan Capistrano Oceanside Southern Pacific Railroad Company Santa Ana San Diego Atchison, Santa Fe Company Santa Diego Honolulu Topeka Claus Spreckels Santa Canadian Pacific

New C M and St. Paul Line Opens Sioux City to Manilla

Beginning June 5 1887 the Chicago Milwaukee and St Paul Railway opens a new line linking Sioux City and Manilla and via the Chicago and Council Bluffs division offers the shortest through route from Chicago to Yankton. Through Pullman sleepers run without change between Chicago and Sioux City. The line creates a direct route connecting eastern southern and central Dakota Nebraska central Iowa and northern Illinois.

Chicago, Milwaukee

Baltimore and Ohio deal clarified by Garrett declaration

Kiernan cites a Garrett statement to counter rumors about the Baltimore and Ohio deal. Garrett says the plan extends the system and grows business, not surrender control, and denies Jay Gould holds any Balti more & Ohio stock or influence. He adds the line to New York will be B and O’s own route.

Kiernan Robert Garrett Mr. Garrett Baltimore & Ohio Jay Gould Gould Garrett New York

First Interest Payment On Wabash East Line Due Receiver McNulta

The first interest payment in twenty eight months for the eastern Wabash lines is issued by Receiver McNulta. Disbursements include Lake Erie Wabash & St Louis firsts 87500 Great Western firsts 879360 Decatur & East St Louis firsts 94500 Illinois & Southern Iowa firsts 10500 first mortgage funded debt bonds series A 16702 Quincy & Toledo firsts 17500 and six months interest on mortgage scrip certificates. Total 807561 with nearly 50000 more interest on interest.

Wabash McNulta Lake Erie Wabash & St. Louis Great Western Decatur East Quincy & Toleo

New York Boston Rapid Transit Members Inspect Hub Line

The New York and Boston Rapid Transit Company officials arrive to study a proposed line from New York to Boston. Joseph R Bodwell of Maine serves as president and J Gregory Smith of Vermont as vice president, with they visiting since Wednesday.

NEW York & Boston Rapid Transit New York New York & Boston Rapid Transit Company Joseph R. Bodwell Maine J. Gregory Smith Vermont

Lawrence aldermen hear petition on railroad route

The Lawrence Massachusetts board of aldermen held a morning hearing on the Haverhill and Lawrence railroad petition for a city route. The session was lively. by 1 pm the hearing closed and the petition for Canal street was rejected. A different route must be chosen if the railroad seeks entry.

Lawrence Mass Haverhill & Lawrence Railroad Canal Street Vicksburg & Meridian Road Missouri Pacific Milwaukee Lake Shore & Western Louisville & Nashville Denver & Rio Grande Atchison Colorado New Mexico Oregon Railway and Navigation Company Portland Ore Union Pacific Oregon &Transcontinental Company Oregon Improvement Company New York Reading Jersey Central Old Colony Railroad Cleveland Leader Baltimore & Ohio Connection Cleveland Central Iowa Railway First Lake Shore

Real Estate Transfers in Suffolk County Highlights May Transactions

Suffolk County records show multiple May transfers. Edinboro street and Grandview street parcels change hands for small sums, with several properties mortgaged back. Additional transfers occur on Huntington, Cambridge, Marlboro, Adams, Newbury, Roxbury, West Roxbury, and East Boston, including city street developments and large lots in Charlestown.

Edinboro Street Frederic W. Hassam Louis Abrams Joseph F. Wilson Jacob Berwin Caleb W. Loring Arandview Street Granville S. Seaverns Et al John J. Teevens Grandview Street Huntington Avenue Josiah B. Kendall Albion Knowlton Cambridge Street T. Jefferson Coolidge Henry M. Whitney Cambridge and Charles Streets Marlboro Street John W. Shapleigh Fannie W. Benedict Adams Place Mary E. Fountain Frederick FE. Hanson Newbury Street William 5. Rand Joshua Ss. Ingalls Roxbury John H. Haines Emeline B Shirley Street West Roxbury George W. Chamberlain George C. North William H. Wood Herbert A. Tuttle Brook Street South Boston Irene D. Lloyd William Ruth Fourth Street Michael A. McCarty Cornelius Casey East Eighth Street John D. Bates Rudolph J. Pierce F Street Boston Mary Brown Amos Croucher Chelsea Street Workingmen’s Cooperative Bank John H. Burnham Albert F. Low Lexington Street Charlestown Ephraim L. Hall Charles W. Cogswell Bunker Hill Street

Mortgage filings list various Boston area property liens

A sequence of May 21 2000 mortgage notices recorded across Boston area neighborhoods. Frederic P Ingalls to Pamelia J Cartwright on Cumston Street. Carl J Benson to West Roxbury Cooperative Bank on John A Andrew Street. Algonquin Club to Oliver Peabody on Commonwealth Avenue. John McCarthy to Francis J Ward on Longwood Avenue. Elon E Forbes to Brighton Five Cents Savings Bank on High Street. Elbridge L Hutchins to Merchants Cooperative Bank on Milton Avenue. Daniel Buckley to Granville S Seaverns on Granville Street. Elizabeth Patterson to West Roxbury Cooperative on Hemlock Street. John C Loud to Suffolk Savings Bank on Charter Street. Frank W Kragman to Brookline Savings Bank on Englewood Avenue. Margaret Ann Emroe to Tending Cooperative on Parker Street.

Frederic P. Ingalls Pamelia J. Cartwright Cumston Street Carl J. Benson West Francis J. Ward Longwood Avenue Xbury Elon E. Forbes Brighton Five Cents Savings Bank High Street Faneuil Elbridge L. Hutchins Merchants’ Cooperative Bank Milton Avenue Dorchester Daniel Buckley Granville Seaverns Granville Street Roslindale Elizabeth Patterson Charter Street Frank W. Kragman Brookline Savings Bank Englewood Avenue Brighton Margaret Ann Emroe Tending Cooperative Bank Parker Street

Commercial Markets Show Mixed Steady Leather and Grain

The leather market is quiet with most items like fiks and bats steady while fomar remains firm. Grain and feed items show limited movement with ry flour in light demand and oats steady, butter and oils mixed as coking notables hold firm.

Mit

Leather and Hides Market Delivers Mixed Signals Amid Steady Prices

Leather and hides markets show quiet demand with steady prices across several items. Picked leather demand is light for brogan and cheap hides, while rough calfskins and finished leathers report fair sales. buffalo and calfskin prices vary, and river/kips from Rio Grande and Montevideo fetch mixed bids.

Rio Grande Buenos Ayres Santa Fe Montevideo Texas Ceara Sierra Leone Entre Rios Cordova Rangoon River Plate China New Orleans Brighton and Country Calcutta Lée Brighton New England West

Boots and Shoes Trade Outlook in New England Markets

The boot and shoe sector shows little new activity with major buyers moving through and orders from samples sold. Labor troubles have eased across New England, warehouses report steady trade, and buff leather goods gain popularity while misses and children lines stay busy. Some firms cut prices early, hurting margins, but overall orders and outputs rise as buff shoes and calf lines remain strong.

New England Worcester County Lynns Haverhill

Also Mentioned on This Page

Leavenworth Kansas Central Railroad Potter Utah Southern Los Angeles Detroit, Lansing & Northern Pacific Coast Steamship Company Wisconsin Central Common North St. Paul Minn California Southern Chicago, Burlington & Northern Sandusky Cleveland & Canton Flint & Pere Marquette Oregon Central Massachusetts Old Colony Boston & Providence Boston & Lowell Chicago, Kansas & Western Ogdensburg & Lake Champlain Southern Kansas Pueblo & Arkansas Valley Quincy & Warsaw Memphis Birmingham Bell Telephone Washington, D. C United States Supreme Court Bell Company Bell Erie Telephone Ona Lamson Calumet & Hecla House of Representatives West End Street Railway East Boston Newport Frenchman’s Bay Penobscot Boylston Street Maverick Central Railroad and Car Company Savannah Kidder, Peabody & CO Devonshire St Nassau St Messrs Baring Brothers & Co Europe California British Provinces Basset, Whitney & Co Bankers & Brokers Devonshire Street F. H. Prince & CO State Street Kansas City Northern Pacific RR Boston Stock Exchange C. K & W Ince Samson TOU Ae Penobscot Ld West End Liand T&s A&p T&s FC Cen Inc Nor Pac P& Ark Estes Bell Tel Eeene Ween Nee Eng Boston Weae Boston Ld Bb la Maverick la B&n Fitchburg Pra O. Penobscot Ld West End Flint Ny&ne Oo Gilleg M. A T & S F Biks A& P Inc B& N Do Inc C& Sp Kcom& To Bs Leo Bell Tel Bonanza Franklin Osceola Boylston Land East Bos Frenchman's Bay Newport la Sence West End Ld T& SF At & Pac Wal BO Cc S& Ween O* Ci al Det Col Sete Wees Pullman Pal Eeee Une Ing Alt Tha Air L Peewee Eens Can Iowa Sane Central Pac Ches Ohio Chi Alton C. B.& Q Peer St.l Es Everdave Tae Nee Cleve. & Col Gil Gabe Atlantic Brunswick Antimony St Pref Ate Yy Pranklin Trenton Fort .& D Wayne Trouston & ‘Pexus Central Quincy Boo W Land Couare Cas. & Tex Long Island San di On Lone N Lou Sees Eee . O West Miideissasevees Man. Beach, Bonds, Man Mem. E Ch Wees Ane Pee Atlantic & Pac Kan, & Western Centraline Pacific Essex Pao Nash Y & New Eng N. J. Cent New Eng N. Y N. E Psi If L. Cham GBS Northwestern Terre Peab, & Ark St. L Rutland N. K Sonora Ohio & Miss Centre Oara Topeka & S. Fe Pittsburg Atlantic Pacific Boston & Albany Rich A . Ee Boston & Maine Lowell Dai Jane Providence W. P Fi Roch Pitts Burl Norther Rock Island Chit, Burl, & Quincy West Michigan Central of Mass. Com Roledo & UO Flint & P. Marq Corm Aha Flint & P Uticn & Se K. C Sipuk Lemp Ee W Oeck & Oon We& Lea Dey Bos Oregon Lin Rutland. Com Bing van Bhe Rutland Pref IL One Pal Mie Summit Srane W.t American Ot Union Wisconsin Centrat Kell Telephone CPP Eesab Beers Cen Oy Bs Lamson Store Serv. Co Oo Dhesi P& RG Pullman Palace Car Eastman F St. CD Ists LOS LP Shore X. Weqns Adiaains American Amador Nelle T Slea Elle Isle Onuilo Brunswick Plymouth D.ce Santia Bt Con Cal & A Wilson W. Fay & Co Financial Telegram Elec Bruns Antimony Rappannock Gray's Dynamo Pléc Lord Acoustic Lord Acoustic Telephone Eeereseres Burton Stock Eastman San Francisco Cal Tanetes Best & Belcher Navajo Teeee Chollar Gly Con Savage Sierra Nevada Pans Crown Point Union Gould & Curry Yellow Jacket Hale & Norcross Foreign Financial Markets NEW York Financial Savannah, Ga L & F Collar of Collat Bros St Louis J H Shafer Shafer, Swarts & Co Rosenstock Rosenstock & Co Toledo Nettleton, Rd Chief Reagan Eastern Yacht Club Regatta City of Mexico Herald Tampico Mexican Central Railway Guadalajara England Dodge Mexican National Railway International Railway C. P. Huntington Suffolk County A.C. Lombard Montreal Halifax Annapolis Liverpool
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