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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Mar 28, 1887
Page
6
The entry lists Basset Whitney and Co as bankers and brokers at 2 Devonshire Street with connections to New York and Boston stock exchanges. It notes services in stocks bonds margin trading and municipal and railroad securities alongside mining company details and various securities figures.
The Boston Money Market closes firmer in new money while loanable funds rise. Call loans sit near 6.7 percent and time loans above 5 percent. Clearinghouse exchanges total 12.83 million with 1.52 million balances, weekly 79.35 million and 7.87 million balances. New York bank reserve drops 1.15 million. New Bedford loan awarded to Blake Bros. & Co. Government securities steady with 4s and 8s quoted near par.
The 1886 road report shows surplus gains despite modest net earnings. Talks persist on linking Baltimore & Ohio with Atchison to form a transcontinental system under one management. Atlantic & Pacific sales slip, Union Pacific eyes Oregon Navigation holdings, Wisconsin Central shares rise amid Boston talks. Copper market remains weak with firm foreign demand signals.
A compilation of entities announcing dividends includes the Boston Cab Company with 142 percent, Monument National Bank of Charlestown at 6 percent semi annually, North National Bank of Boston at 3 percent, Andover National Bank at 34 percent, Atchison Topeka Santa Fe Railroad at $150 quarterly, Evansville Terre Haute railroad at 1 44 percent, Delaware Lackawanna Western Railroad at 1 percent, Nashville Chattanooga St Louis Railroad at 1 percent, Salem Electric Light Company at 1 14 percent quarterly, and National Bank of Commerce New Bedford at $3 per share.
Atlantic and Great Western firsts and seconds trade mixed as railway stocks show varied gains and losses. Canada Pacific and New York Central move within narrow bands while Reading and Pennsylvania reflect modest shifts in the session.
Money on call remains easy with last loan at 4 and bar silver near 97. The stock market steadied after 2 p m as a favorable bank statement surprised traders, lifting leaders like Western Union and Louisville & Nashville. Bonds showed mixed moves with Atlantic & Pacific 4s active and overall week sales totaling 8.07 million dollars.
Today's transactions aggregate 261,636 shares with a breakdown of shares sold and opening prices for the listed securities.
Creditors of T. Ross Hanson and Co boot and shoe jobbers Philadelphia accept 50 cents on the dollar. Michael O Halloran of Gallivan and O Halloran Stafford Springs Conn assigned. Albert Trask Peabody Mason seeks 10 cents on the dollar. Varnum Y Jerome Boston grocer assigned. Liabilities around 5000. Hubert S Goodridge Lynn druggist failed. William Leary and Co Holden attached. John E Foye Boston water inspector insolvent. Preston Friend Gloucester grocer Elijah Beach Boston tailor failed liabilities about 7000 with 50 cents on the dollar offered. Other failures include Whittier and Hooper Frederickton N T Matthewson Harley Co Halifax N S William Orr Coastville Ill McCalla Stavely Philadelphia C Whitman Onondaga Valley N Y John Young Clarksville Tenn.
The Mosquito fleet regatta at City Point starts the yachting season with two classes for boats 13 to 15 feet and under 13 feet. Prizes of 10 and 5 dollars trigger entries by mail to John Bertram at Nautilus House. Start at 11 a.m. off South Boston Yacht Club, with a looped course around buoys and back, weather permitting.
Joseph Cook discusses Labor and Prohibition at the Polls and Journalism by Specialists in Reform at Tremont Temple. Pandita Ramabai speaks on Hindoo women. letters read from noted religious and academic figures. Boston lectureship committee to report and officers to be chosen.
The Boston School Regiment Drum Corps held its first annual party at Berkeley Hall on Saturday evening with about seventy couples present. Alf red Mudge acted as floor manager and Drum Major C E Cook led an array of officers including Colonel A A Clatur Jr Lieutenant Colonel E F Smith Major Merriam Brace Major G D Meston and Captain J L Damon Jr. among the guests were Lieutenant Cox Lieutenant F H Mudge Battery A Captain Howard Captain Reed Captain Rogers Captain-Sergeant E H Green and Roxbury City.
Dry goods and flour remain steady while oats and millfeeds show firmness. Butter cheese eggs and beans hold steady. potatoes hay and straw are quiet. Rye rye flour and malt stay steady with light trade. fresh beef and sugar unchanged. Apples firm but quiet as supplies move cautiously.
The market shows steady demand across dry goods with strong cottons and fair demand for flannels and prints. Prices favor buyers on piece-dyed goods while new classifications threaten higher freight costs. shippers protest to railroads and courts as receipts remain light and commodity quotes move across eggs butter beans seeds hay and produce.
Market report notes a quiet flour market with limited trade and firm mills. Inter state commerce bill raises freights. dealers stock up in anticipation of higher prices. Corn and oats show steady prices with detailed bid and offer quotes. various futures and cash calls listed. Inspections include white and yellow wheats and mixed corn, with multiple elevator and export price bands noted.
Market notes show butter prices unchanged in Chicago St. Louis and New York with quiet demand. Cheese remains firm in Chicago St. Louis and New York with steady inquiry and a Liverpool quotation of 65s. Eggs also report a steady market with prices about.
The market indicates steady pork including hams and lard with unchanged quotations. Fresh beef remains quiet but steady while veal supply is good and sales fair. Lamb and mutton are quiet and unchanged. multiple cuts of pork, lard, beef, and veal are listed with varied prices and futures shown.
Liverpool futures opened steady and closed firm with consecutive daily marks from March through September and July August. spot market in New York held steady as demand remained light at middling uplands and Orleans. Sales reached 8000 bales with 6500 American, receipts totaling 80,000 bales with 21,400 American.
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