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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Nov 04, 1887
Page
6
Boston money market shows steady demand for funds with the clearing house rate at 6 percent. Time money trades mainly 6 to 7 percent while New York exchanges fall from last year, and government securities stay quiet as banks report balanced reserves and notable stock activity across Boston and national markets.
Bath Water Supply Co of Bath Maine issues 5 percent first mortgage bonds in $500 pieces with coupons due June and December at Boston Safe Deposit and Trust. Bonds issued under Maine Legislature acts, fully completed works, hydrant rentals, and a conservative investment.
The Dedham National Bank has declared a dividend of 2 percent. The notice notes the bank will distribute this amount to eligible shareholders. The date of payment and further details are to be announced by the bank.
Irregular motions in bonds noted with C and O extensions down 2 at 66 and Western bonds down 3 at 104. International seconds fell 2 at 78, Mobile and Ohio second debentures 4 at 1814, third debentures 8 at 13, Ohio Southern incomes 2 percent at 311. St Paul J and M 7s rose 1 to 118, Denver and South Park firsts advanced 44. percent to 74.
London reports mixed firsts for Atlantic and Western issues with Canadian Pacific and Mexican stock quotes, while New York Central and other rail shares show varied percentages. Paris notes a weekly gold decline of 5.725 million francs and silver drop of 1.276 million francs, and Germany posts a 9.14 million mark rise in specie.
California mining stocks report shows closing prices for several mines in San Francisco on November 8. The list includes Crown Point Gould & Curry Hale & Norcross Mexican Silver Sierra Nevada Union Con and Yellow Jacket among others with varied prices.
Money on call easy at 3 to 5 percent with last loan at 81 and close at 5 percent. Prime mercantile paper steady at 6 8. Bar silver weak at 9545. Sterling exchange dull but firm around 4.82 to 4.85 for bills. Government and railroad bonds dull and steady to firm. Stock market dull after 2:15 with limited demand and narrow price swings led by Missouri Pacific and Union Pacific.
Directors report major expansion with 7 locomotives 18 passenger cars 2 baggage cars and 195 freight cars added. 3 locomotives 10 passenger cars 1 baggage car and 73 freight cars sold or broken up. Improvements funded from the improvement fund include 4 locomotives 3 passenger cars 1 baggage car and 82 freight cars. Hanover Branch equipment added. plans for 20 new passenger cars. Second track rail and sleeper use noted. eight iron bridges built. grade crossings reduced. Dividends declared and New York steamboat trade expanded. new first class passenger steamer planned for 1889. East Weymouth second track completed. Jockton Easton line nearly complete expect opening Jan 1 1888. Harwich Chatham branch built under independent company with seven-year operation. 70 percent gross earnings fee. Overall earnings surpass prior record by 43765916.
A dense record of Oct 1 real estate deeds across Boston area towns listing transfers on Huntington avenue North Russell street Chestnut street Roxbury Dorchester South Boston and Winthrop with prices from 1 to 30 thousand dollars and mortgage backs to various lenders including Rollin H Allen H Parker Greeley S Curtis and Horace A Lothrop.
A series of mortgage notices list Henry Lawrence to Roxbury Institution for Savings on land and buildings in Roxbury street for 5600 dollars. Aivah Littlefield mortgages Lincoln street property for 85000 dollars. George W. Nason secures 20000 dollars on Huntington avenue. Other filings include properties in Revere Dorchester and Beale street with amounts ranging from 2800 to 70000 dollars.
Elegant suites at the Revere House feature spacious rooms and private baths. The property emphasizes refined accommodations and classic hospitality in a historic setting.
J Cannett Littlefield listed at Equitable Building corner of Milk and Devonshire Streets in Boston detailing his contact location.
The item presents a catalog of hides and cattle terms with prices per weight or unit. Regions named include Brighton, New England, and Southern districts with entries for cows steers calves hides and dry Buenos Ayres Montevideo Rio Grande and Entre Rios.
Leather is not active. Hides easier. Flour market quiet but firm. Corn and oats stable with oats firmer. Rye and rye flour steady. Butter very firm. cheese quiet. Eggs firmer. Beans fair movement. Grass seed and hay steady with fair demand. Potatoes plenteous. sweet potatoes scarce. Pork, lard, and fresh beef quiet. Lambs dull and plentiful. veal moderately in demand. Refined sugars higher. raw sugars unchanged. molasses quiet.
Market remains active as sample orders fill and manufacturers await further orders. Jobbing salesmen report favorable outlook with early delivery common. Leather prices firm, calf lines selling well, and spring brogans and goat kid lines show strength. Rubber boots demand remains high with limited immediate delivery.
The Bureau of Statistics shows September imports vs 1886 with a slight rise in raw silk and silk manufactures, a small drop in cotton manufactures, a $2 million rise in iron and steel manufactures, a minor increase in raw wool imports, and a near $1 million decline in wool manufactures.
The leather market shows fair demand at steady prices with cautious dealer strategy. Finished leather remains strong in wax and kip while grain leather boot and plough shoe activity is moderate. Rough leather stays quiet though some improved rough splits and scarce hemlock sole grades appear. exports stay robust with leather out of port valued at $73 and New York sides at 27,243.
The market remains very firm with flour prices unchanged. Mills are well sold and offers below five dollars for choice Minneapolis brands are refused. Winter patents dull, spring patents steady with light supply. Cornmeal and corn hold firm to easier, oats firmer but quiet. Carload quotes cover flour, cornmeal, rye, oats and millfeed with prices for domestic and export lots.
Butter prices steady with Western and New York creamery quotes around 26 to 27 cents for extra fresh and 21 to 24 cents for other grades. Cheese and egg markets show cautious activity with higher demand for certain fresh eggs while longer dairy lots move slowly. Potatoes and beans see steady or easing values as a syndicate forms to reduce trade costs.
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