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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Nov 18, 1887
Page
6
Newest designs direct from European and Asiatic potteries plus American made sets. Odd standard patterns to match old sets. All grades from everyday to finest decorations. Glass department offers pressed ware to crystal. Lamp department features Rochester and English Duplex with 180 kinds to choose from in New York Philadelphia or Boston.
From four dollars each to two hundred twenty five dollars including new piano lamp designs. One price shown in plain figures. Inspection invited.
Jones McDutfee and Stratton report 120 Franklin Street as a key address in Boston trading. Federal authorities coordinate with the exchange before 10:30 A.M. to review notes.
New York Stock Sales for November 17 report total volume of 473,500 shares. The list shows shares sold with opening, highest, lowest and closing prices for today and the prior close, reflecting Boston Stock Exchange quotations corrected daily.
The Boston money market remains quiet with abundant loanable funds, lending eased at call, time loans from 4.5% to 7%, and clearing-house balances steady. The local stock market rose early, then softened with declines in rail and line shares. Ohio Indiana Western reorganization proceeds, forming Columbus Indianapolis Western Railroad with $32.8 million capitalization.
Money on call has been easy. stock market remained active then slipped. St Paul led gains, others weakened midday, with declines afterward and a heavy close. bonds steady, total sales $1,201,000 including Atlantic & Pacific liens and rail issues.
London at noon quotes Consols at 105%s for money and 108516 for the account United States 43 13014 United States 4tes 110% Canadian Pacific 50 14 Mine 61% 5 Junio seconds 10014 Mexican ordinary 4014 St. Paul common 79% New York Central 111%% Pennsylvania 5514 Reading 865s Mexican Central 14% 1:80 p m Par's advices note 3 per cent rentes at 80 francs 40 centimes for the account.
The Boston and Maine railroad filed its 1887 income statement with the railroad commissioners. Net income rose to 2 901 058 from 1 786 458, with total income 8 192 333 and expenses 5 291 830. Dividends were 400 000 on a 7 per cent float, leaving a surplus for the year of 1022. The balance sheet shows total assets 16 298 648 and liabilities, with 3946 stockholders, 2025 residents of Massachusetts, and 68 per cent of stock held in the state. The road carried 18 365 807 passengers and 2 950 787 tons of freight over 609.31 miles of line. The annual meeting of the Boston Revere Beach and Lynn railroad was held, Edwin Walden presiding.
Boston interests report on rail traffic from Winthrop Junction to Lynn Crescent Beach and Tidewater areas with yearly passenger totals for 1885 to 1887, noting rapid settlement, growing stores and churches, expanded summer travel, and new stockholder actions. It also covers rival rail lines, proposed routes from Duluth to Tower and Grand Marias to Iron Range, director speculation around D O Mills for New York & New England, and quarterly earnings and freight car orders across multiple lines including Reading, St Joseph & Grand Island, and Baltimore & Ohio mortgage arrangements.
An enthusiastic Mystic Hall audience heard stirring speeches on Wednesday as West Medford presses for incorporation as Brooks, arguing the town should break from Old Medford. Citizens vowed to continue the fight for ten years if needed, with belief in eventual success.
For Tris and next week the business at G. W. Simmons & Co.'s is always the largest of the year. If there is any article of clothing needed in the household, the place and time to buy is at 32 to 44 North street, and now.
Commercial matters show steady or firmer tones across commodities. Hides active, flour firmer, corn higher, oats firmer, rye steady, oatmeals quiet, beans moving fairly, butter firm, eggs very firm, potatoes plentiful, sweet potatoes steady, pork and lard unchanged, fresh beef quiet, lambs dull but ample, veal moderate demand, sugars steady, molasses quiet.
The boot and shoe market shows another advance with large orders daily as cotton trade gains in the south and southwest. Open weather boosts domestic trade while wax and hip lines move slowly. Demand remains strong in buff, split, and women’s grain goods, with busy factories and steady rubber trade. shipments overall rise year over year.
Leather and hides prices hold firm with light spring demand expected. Export leather value for the week stands at 48333 dollars, while domestic hide sales ease to lower prices. hemlock and buffalo lines show varied firmness across grades.
Market reports show flour prices rising with millers seeking 10 cent advances on spring patents and higher quotes for winter flours. Corn remains firm with new steamer yellow on track at 62 cents and 60 cents for grade. old steamer mixed in elevators sold at the ruling figures. Oats market also firmer with prices advancing amid active trading.
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