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This newspaper page contains 15 articles. Subscribers can read the full text of each article.

Newspaper

Boston Post

Location

Boston, Massachusetts, United States of America

Date

May 06, 1887

Page

6

Money Market Holds Steady Amid Mixed Bond Activity

The Boston money market remains unchanged with call loans at 5 to 6 percent and time loans 1 4 to 6 percent. Exchange figures show New York funds at 12 to 16 cents per $1000 discount, with rail and bond activity led by Atchison, Mexican Central, and various union Pacific related notes. Quarterly earnings and dividends are noted in several lines, including a 2 percent dividend declared by Fall River Machine Company.

Fall River Machine Company

New York Financial Stock and Bond Market May 5 Report

Money on call eased from 8 1 4 to 5 percent with last loan at 4 and close at 4 4. The market was quiet after 2 15 but firm near day’s best. Reading and New England led a broad advance with Fort Worth & Denver showing strength. Rock Island & Pacific declined 14 percent before recovering. Railroad bonds were active with Erie, Detroit, Mackinack & Marquette land grants and other issues contributing to $2,326,000 in total trading. Numerous issues rose or fell in narrow ranges, with mixed gains in grangers and various firsts and incomes. Today's NY stock sales totaled 200,377 shares with multiple securities listed by opening, high, low, and close.

Boston New York Randolph Mass Adams, Blodget & Co Yestery Burlington & Quincy Atchison Atchinson Atchison Stockholders Topeka Kan California Southern Chicago Burlington & Quincey Union Pacific Wright Northern Pacific Road Northern Pacific Oregon Northern Pacific Comany Portland Tacoma Butte Oregon Navigation Company Cascade Division Atlantic & Pacific Louisville Evansville & St. Louis Louisville & Evansville Chicago, Kansas & Western Southern Kansases Chicago & West Michigan Detroit, Lansing & Northern Boston & Providence Boston & Maine Lowell Manchester & Lawrence Fitchburg Central Massachusetts Heston & Albany Boston& Albany Prime Mercantile Sterling Exchange Reading Rock Island & Pacific The Stock Exchange New England Fort Worth & Denver Rock Island Anata Grangers Fort Worth Erie Detroit, Mackinack & Marquette Shenandoah Valley Generals Green Bay Keokuk & Des Moines Jersey Central Denver & South Fork Indium Bloomington & Western New Jersey Midland James River Valley Manitoba Wabash Great Western Indianapolis Decatur & Springfield Ohio Southern South Carolina Chicago & East Illinois Central Iowa Boston Stock Exchange Ev& St Boston Laines Frenchman's Bay Maverick Li T&sf Ny&ne M. A T&s B& N Bs Ee KO Sp&m Oa Ee L Ev & St GOSS Cs Cvesace Og & L. Cine Do Inc Bell Tel Sea Weenews Orl New Eng Eastman OH Bonanza Cal & Nee Franklin Cal B&m Eee Denver & RG Do Fitehbur Gerret Sostaan Ae Rae Man & Law Sean Vo Nys NE Old Col Pullman As Rutland Ptd Senna AB Summit Br Aueidic Boston la Campobello East Sp & M Cal & Hee Boston Land West End Ld C.re& Eee Hburg Pia T& SF At & Pac Am Bell Telsone Merrimack Eastman Lamson Huron Trenton Osceola Maverick Land San Diego West End Land A&p B&l A. C&ek Ev & St L Pac Air L B.C.R.& Neae Iowa Central Pac Ches Olio. Sewer Alton del. & L den. & RG East Tenn Parbeert Ill Central L. E W Staeer Lake Shore Long Island Lou. & N Lou Man Eiev Bou OL ‘ M la S. Ae i. Tees USL Pad Mas & St. L Ules Vauilic Ohio Seseneve Lang M Essex Nash Chat J. Cent Pacifiv N. Y N. K Oregon Trans St. Paul Bro St. T M&m St. T A. Ivke Texas Utica & B.ool el Bobs Land Seepee Pacific Mail Watson H.G W. Sts P&p Ae P. Isis Gebahar Ni Pac Lsts Ists LLO Adams Wi Oils Fargo American Leh Quicks Amador Salitinge el Cristo Standard

Foreign Markets in London See Mixed Rates and Reserve Drop

May 5 London markets report mixed bond quotes with US four and twelve percent notes listed. Bank of England bullion fell by £575,000 in the week, reducing reserve to liability ratio from 50.90 to 48.28 percent as of 4 p.m.

London United States St. Paul Common New York Central Pennsylvania Bank of England

Horsford's Acid Phosphate The Genuine Wrapper Warning

Advertises Horsford's Acid Phosphate warning against imitations and counterfeits. Urges buyers to ensure the wrapper reads Horsford's to guarantee authenticity and prevent fake products from being sold.

Hoorsford Horsford

Michigan Central 1886 Annual Report Summary

The Michigan Central Railway’s 1886 report shows gross earnings of 12,295,827, up from 10,707,894 in 1885, with freight and passenger earnings rising 14.95 percent and 16.08 percent respectively. Operating expenses were 8,146,391 and taxes 258,288, leaving a 4.86 percent rise in expenses, while gross earnings grew 14,883 percent. The company invested in steel, ties, ballast, track upgrades, fencing, and station maintenance. a Grand River Valley mortgage premium of 191,250 will fund a double track between Porter and Kensington. Total funded debt stands at 16,976,000 with interest charges 50,000 per year lower than the prior year.

Michigan Central Railway System Grand River Valley Porter Kensington

Eastern trunk lines sued over commission privileges

The Chicago News reports the Chicago and Alton and Rock Island railroads will sue to force the Eastern trunk lines to pay commissions to ticket agents, contending discrimination compared with Burlington, Northwestern and St. Paul lines. General solicitors have prepared test cases and will seek court injunctions.

St. Paul Chicago News Chicago & Alton Rock Island Burlington Northwestern

Atchison Topeka Santa Fe elects new officers and directors

Torrka Kan May 5 At the annual meeting of the Atchison Topeka Santa Fe railroad directors and officers were elected with B P Cheney as chairman W B Strong as president and W Smith as first vice president and chief engineer Other officers include G L Goodwin secretary and treasurer Geo Peck general solicitor George W McCrary general counsel and J P Whitehead controller along with several named directors This mirrors nearly the same slate chosen by the Southern Kansas railway shareholders.

Atchison Torrka Kan Atchison, Topeka & Santa Fe Railroad B. P. Cheney W. B. Strong I. T. Burr C. R. Codman Barnstable Mass A.W. Nickerson Warren Sawyer George O. Shattuck Alden Speare W. F. Wharton George 8. Ealey Galveston Tex Kansas City J. F. Goddard Topeka J. P. Whitehead H. C. Clements A. A. Glasier CO. A. Higgins Southern Kansas Railway

Revenue figures and rail interests drive 1886 earnings and industry moves

The Oregon Improvement Company reports March earnings totaling 74152 with Pacific Coast Steamship 40339, Pacific Coast Railroad 5281, and other departments 28531. Separately, Porter’s syndicate paid 8 million for Iron Range lands, Baldwin Jr. becomes Union Pacific Montana agent, and rail finance moves include foreclosures on Chicago & Alton bonds, Richmond & Danville taking East Tennessee lines, St Paul aligning with other trunk lines, Fort Worth & Denver price pressures, and Rock Island system expansion with Minneapolis & St Louis joining. New Baltimore & Ohio admission talks set West rates equal to others under joint committee rules. Continuous notes on trunk line commissions and system consolidations mark industry activity.

Oregon Improvement Company Pacific Coast Steamship Company Pacific Coast Railroad Company H. A. Porter Iron Range Railroad William H. Baldwin, Jr Union Pacific Railroad Montana Butte City Mont Kiernan Chicago & Alton Richmond & Danville Railroad Company East Tennessee, Virginia & Georgia Railroad East Tennessee St. Paul Chicago Burlinton & Quincy Fort Worth Denver Rock Island Atchison Minneapolis & St. Louis Trunk Line Joint Committee New York Baltimore& Ohio Baltimore & Ohio New York, Ontario & Western Baltimore & Ohio Western Connection

Elaine as a Comic Opera Confronts a Troubled Path

The narrator recounts a failed attempt to adapt Elaine by Tennyson into a comic opera. Tap ioca, an eager impresario, urged a humorous treatment resembling Deseret. The aging plan encountered resistance as Elaine’s grave character and tragedy argued against lighthearted ridicule. The idea was abandoned.

Ellen Elen Tennyson Elaine Evangeline Dlaine Martha Washington Tapioca

Commercial prices and market notes in steady trade

Market bulletin shows leather improving while hides dull boots and shoes active. Grains and cereals mostly firm with oats and rye quiet, flour and corn steady, butter and cheese firm, eggs lower. Live cattle and provisions steady to firm, prices for flour and cornmeal listed. several futures quotes and regional price ranges included.

Leather and Hides Market Faces Broad Shifts in Demand

Leather and hides market shows weakness in rough leather and dull demand for Western hides, with sole leather and buff leather holding firmer prices. Notable activity centers on sole leather prices across hemlock and union grades, while finished calfskins improve though many sales carry concessions. imports show light export demand and regional disparities in Western and New England supplies.

New England Brighton West Buenos Ayres Montevideo Rio Grande Entre Rios

Boots and Shoes Market Outlook for Fall Demand

The fall boot trade remains robust with strong orders from buyers and ample factory work in Worcester county. Demand is steady across wax kip, calf boots, and women’s lines, though delivery times lengthen slightly and some regions face lighter demand due to drought. Shipments for the past week total 47,165 cases, with yearly totals approaching 911,048 cases since January 1.

Worcester County Lynn Haverhill Oxford

Market Reports May 5 Flour Market Steady Quiet

The flour market holds steady with quiet trade. Winter wheats stay firm with few advances. Corn tightens and pricing firm. Steamer yellow elevators move at 53 to 54 1/2 cents, steamer mixed at 53 cents. Oats steady with moderate business, fancy barley oats at 48 cents, No 2 white oats 40 to 44 1/2 cents on track and in elevators. Prices quoted include 225 2 30 per barrel and 99 per bushel, with June oats sale at 2 700 bushels. Call bids show No 2 white oats around 38 1/2 to 39 1/4 cents. Inspections total 22 cars across several wheat categories.

Chicago Bakers Michigan York Canad Superior Canada New York Canada Western Eastern

Butter Market Mixed as Supplies and Prices Vary Across Cities

The butter market shows quiet to mixed trading with light receipts and varied bids across regions. Western creamery extra, 28¢ bid. Philadelphia and New York steady. Cincinnati and Chicago mixed with slight declines. eggs and beans prices reported with broad fluctuations. cheese and tallow also move within narrow ranges.

Western Creamery Extra Franklin County St. Louis Philadelphia New York Eastern Creamery Western Creamery Cincinnati Chicago Elgin Creamery Liverpool Indiana Ohio Michigan St Louis Florida Western Eastern Vermont Nova Scotia Westae Timothy North Bush West Jersey Aroostook Hebrons Northern Burbanks Maine Houston Prince Edward Island New Brunswick

Provisions Steady Demand in Pork Market and Mixed Beef Prices

The pork market shows no change with fair demand and steady prices. Lard remains quiet and unchanged while fresh beef demand is steady but prices ease slightly. Receipts are light with a fair supply of mutton and steady prices. veals are plentiful and markets quiet. Spring lambs have fair supply. mixed listing details for July through September and various pork and lard prices are noted.

Chicago Gia Bec

Also Mentioned on This Page

New York & New Haven Bostwick West End State House East Boston Maverick East End Frenchman’s Bay Bill Calumet & Hecla Whitney Europe Quincy Kidder, Peabody & CO Devonshire St Boston, Mass Nassau St Messrs Baring Brothers & Co California British Provinces Lynn& Boston Railroad Company Basset, Whitney & Co Devonshire Street Iowa Water Co Water Works C. H. Venner & CO Congress Street State Street Memphis Birmingham Chicago, Kansas & Western RR Chicago, Burlington & Northern RR Northern Pacific RR F. C. Prince & CO Gould, Hall & Mills GEO Gould HS. C. Hall WM. N. Mills Boston Stock Eexchange New England Mortgage Security Co Mile Street Brewster NEW York Financial Am Bell Telephone Wisconsin Central Boston & Albany Eenee Hoston & Muaine Linois San Cleveland Flint Pere Bieta Iowa Falls City Ao KO Mary, Hough & Mne New Calumet & Hecliv Essevees Catal Sear Ironton Quincey Wilson W. Fay & Cow Gray's Dynamo Lord Acoustic Honerine Boeetts Nee Stormont Crescent N. E Foreign Financial Markets Railroad Matters Michigan Central Report LW. A. Croffut Washington Post Lathrop Come Opera Deseret Dudley Buck Tapioa Jen San Francisco Cali Alta Bulwer Eencert Best & Belcher Phil Crown Point Sierra Nevada Eureka Union Gould & Curry Utah Hale & Norcross E.ia
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