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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Oct 05, 1887
Page
6
The Chicago & Eastern Illinois Railway reports results for year ended June 30 1887 with gross earnings 1 950 104 and net earnings 800 042 down 11 739 from prior year. Freight earnings rose 11 percent while tonnage grew 18 percent to 1 691 150.
The market reflects tight liquidity under the comptroller call with bank loans at 7 percent and little new corporate activity. New York funds traded at par with small discounts, while the local stock scene showed Atchison strength early but closed mixed. Dividends were declared, bonds varied, and earnings reports highlighted steady improvement in several railroad groups and regional securities.
Directors announced a range of dividends and bond issues across banks and rail companies. St Louis & San Francisco declared a semi annual preferred stock dividend and authorized bonds for construction. Several banks in New England announced percentages on common or semi annual dividends with varying dates and payables.
Warns all persons not to purchase any certificates dated after September 14 1587 claiming stock in Atchison Topeka and Santa Fe RR Co The company lacks charter authority to issue such vast stock and a suit is pending in the US Circuit Court District of Kansas with no hearing yet to decide the issue Protects innocent buyers from illegitimate worthless stock
The record lists sales at the Brokers' Board on October 4 during the morning session from 10 to 10 30 A M. The note captures early price activity and trading interests at the Boston Stock Exchange during that window.
Money on call eased to 4 to 6 percent with last loan at 5 percent. Government and railroad bonds remained dull to firm as Western Union led a late rally. The stock market stayed quiet but firm with small gains, closing near best prices after a busy morning and a modest afternoon decline.
Today's transactions totaled 262 634 shares traded with details listing shares sold and the opening figures. The report outlines stock movements across multiple listings and notes overall activity for the day.
Market wires show London consol prices at 10111 16 for money and account with U S 4s at 11144 and shares like Canadian Pacific 537% and New York Central 111. A Berlin Bank statement notes a large specie decrease of 86 857 000 marks. Paris quotes 3 per cent rentes at 2 francs 20 centimes for the account.
A sequence of September property transfers shows William G. Russell to Joseph M. Neall on Hancock street for 12000 with 8000 mortgaged back, plus numerous deeds on Mechanic Beverly Willis Willis Willis and St Botolph streets, several transfers in West Springfield and Roxbury, and including Chelsea noting Lucy Reedley selling on Bellingham street.
Nathaniel M Jemegan transfers a mortgage on land and buildings at Rockville Park Roxbury to Timothy Corly dated September 14 83700. Ditto to Sophronia Jackson for Rockville Park Roxbury dated September 14 1000. Sarah Janeuart mortgages property on Eden Street Charlestown dated September 14 for 400 dollars to Maria L Mace.
An exchange notes all passenger stations between Oakdale and Ware are finished and a Bondville station will start this week. Ware hosts a refitted Ware River passenger depot and a new 830 by 100 foot freight depot with an engine house construction underway. Foundations for a Jeffersonville freight house and stone abutments for bridges near Harrisville and Oakdale are done. A future union depot northeast of the junction is planned, Sawyer's Mills adds a small passenger depot, Wal tham gains a coal elevator, and west Ware extension work advances rapidly.
Winnipeg dispatch reports Premier Norquay stating he never refused bond offers and would accept at 84 with a commission. Provincial Treasurer Larivere expects the road to be built by month end. Canadian Pacific progress includes a St. Mary bridge near completion and American lines to connect by December. Rio Grande expands with 800 freight cars and thirty locomotives. South Pennsylvania case decision anticipated. Manitoba road new mileage 1444 miles at $960,000 cost. Rail earnings across major lines are summarized.
Lumber and flour hold firm while corn oats rye and malt stay steady. Butter cheese eggs demand remains healthy with quiet bean demand. Potatoes hay straw grass seed tallow apples and pork stay steady. Lard ham and fresh beef hold firm with other meats in fair demand. Raw and refined sugars unchanged. Molasses quiet and steady.
The lumber market remains steady with light arrivals of Eastern and Northern stock and solid demand for high quality lots. Prices hold firm across species including hemlock, pine, spruce, and oak while Western lumber shows upward price tendency. shipments from Puget Sound, Oregon, and British Columbia reflect expanding trade and rising log values.
A dense catalog of wood prices lists various species including ash oak cypress pine and spruce with prices per unit for boards planks and cargo. The figures cover whitewood chestnut butternut and Western Pine stock as well as planed and rough cut options with yard and cargo terms.
The New Bedford oil market reports private sales of 700 bbls sperm in parcels for manufacture and 140 bbls in New York for export. Whale oil sells 24 bbls in Hudson's Bay for manufacture. Whale bone sales reach 9000 hs in New York for export. Current stock totals include 26 500 Arctic whalebone in New Bedford and 90 753 lbs exported year to date, with Sperm 12 486 bbls and Whale oil 5 514 bbls shipped. The figures compare unfavorably to last year in both volumes and bone weight.
The Watertown market lists weekly live stock totals for cattle sheep lambs and other stock with state breakdowns and prices. It shows week compared figures last week and a year prior, plus car counts on major roads and price ranges for beef store cattle hogs sheep hides and skins.
Market quiet with steady prices in flour corn and oats. No 2 white oats sold on track at 36 3/4 to 37 3/4 cents, with November to May calls showing firm bids and mixed results. carload quotes given for flour corn oats and rye with various futures and spot bids.
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