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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Oct 18, 1887
Page
6
Money at the clearing was abundant with loans as low as 4 percent. Bank and clearing house balances showed favorable movement. New York funds carried premiums. The local stock market rallied mildly, led by Atchison, with broad dullness elsewhere and notable activity in several railroad and utility issues.
New York stock market activity for October 17 shows 406000 shares traded. The report lists shares sold along with opening highest lowest and closing prices for today and the prior close, based on Wilson Fay and Co quotations corrected from the Boston Stock Exchange.
Edison Electric illuminating Company declares a 2 percent dividend payable November 15. Boston & Provincetown Steamship Company also at 2 percent payable November 15. St. Louis & San Francisco Railway Company sets 21 percent on preferred stock payable October 31. Northern Railroad Company declares a $3 per share dividend.
Money on call easy at 2 1 4 to 5 percent with last loan at 5 percent. Prime mercantile paper steady at 6 ½ percent. Bar silver firm. Sterling strong. 60 day bills around 4.81 to 4.82. demand near 4.85. Stocks open irregular, then weaken, rebound, and close near best prices. Erie second bonds active but weak. Many listed bonds and rails show declines, with light afternoon volume and a quiet close.
London quotes show Consols steady with mixed values for Canadian Pacific Erie and Mexican issues while Bar silver sits at 441-16 per ounce. Bank of England bullion intake today totals £10,000 as the market closes steady after a flat session and New York quotes arrive.
Boston Star reports General George A. Sheridan denouncing Robert Ingersoll in a lecture titled The Modern Pagan. Sheridan accuses Ingersoll of fabricating facts and ignoring Christian achievements, mocking belief and citing Locke Aristotle Cicero Keppler to defend God.
Captain Peter E. Dolliver, a long time shipwright and senior member of the Ancient and Honorable Artillery Company, died Sunday morning at his Somerville home from paralysis following a recent shock. He served as commissary for the artillery for several years and was active in Masonic circles. About 60, he leaves a widow.
Joshua Pillsbury died at the old homestead on High Street Newburyport yesterday morning aged ninety two. He was born in the house built in 1700 with Pillsbury land dating to 1651. Five Joshua Pillsburys in direct succession. the name now extinct and his age the greatest among them. He outlived his wife by six years and outlived all his children with five grandchildren surviving.
Canned goods hold firm while flour remains quiet and corn unchanged. Oats slump with demoralization, oatmeal quiet, rye flour steady, and malt steady. Millfeed firm, butter and cheese firm though quiet, eggs in good demand, beans and potatoes steady. Hay straw grass seeds and tallow steady, apples easy, truck in fair demand, pork steady, lard unchanged, hams quiet, fresh beef firm but quiet, other meats in fair demand. Sugar markets steady with raw unchanged and refined quiet. Molasses quiet and steady.
President Austin Corbin states that the Philadelphia and Reading Railroad will settle with first series bonds holders by paying 1 percent on par for first mortgage bonds and depositing unpaid coupons for second preference bonds. The Reading company extends terms to all certificate first Ss via reconstruction trustees. The Duluth South Shore and Atlantic line opens sections, freight at Boston and Albany remains heavy with extra trains, and Rhinelander denies Milwaukee Lake Shore Western lease to Chicago and North Western.
Creditors await resolution as H Webster & Co 78 Broad Street New York shows assets of 813000 against 735000 liabilities and a likely full payout. John F Henry & Co 24 College Place New York assign assets favoring banks. a meeting of creditors slated for Oct 28 amid prior 1878 failures. Brown & Co Cambridge reports 6500 debt. W H Sweet Auburn Cranston assigns. Charles H Mark York Sulphur Spree faces 2211 in executions. Stafford Murphy livery and undertaker liabilities near 50000 with 20000 secured. General A P Che tun named receiver of Chicago encampment.
General Clinton B. Fisk of Seabright New Jersey founder of Fisk University is registered at the Tremont House. The Theological Circle met at the Crawford House. The Cambridge Club held its first annual meeting and dinner at Young's with forty members present chaired by P G Porter. The Irish Charitable Society met at Parker House elected six new members and approved six proposals. John B Moran presided. Resolutions were adopted for the deaths of Frank H. Pendergast and Richard J. Murphy and notices of the deaths of Frank Campbell and Patrick Harkins were reported. A committee was appointed for suitable resolutions. Forty Longwood minstrels dined at Parker House and planned their annual Music Hall performances January 11 and 12 1888 for the Boys' Home in Dedham.
The Chicago Independent Grocer notes activity cooled slightly with a few items weaker while peaches stay firm due to light packing. Weather boosts expected tomato crops. frost damages Jersey tomatoes but packing remains heavy and likely short of average. Oyster pack in Baltimore begins next week with prices at 80 cents for 1 pound and 1.40 for 2 pounds. Jersey and Harford county stock quoted at around 105 to 107.41 dollars.
Grain markets show no material change with quiet trade. Spot demand remains solid for spring patents while oats prices slump due to large elevator offerings. various prices listed for No 2 white oats and track versus elevator stock. Record of elevator and Chicago stocks, imports, and visible supply accompany the price notes.
Prices for millfeed bran and winter feed in sacks hold steady with oats and wheat futures noted. Rye, malt, and hops quotations show varied tonnage levels and quality classes, reflecting market conditions and regional demand.
Butter markets hold firm on all grades with quiet trade. Cheese quiet yet firm. Eggs beans hay and produce show stable to firm quotes. Wheat and sugar movements noted in Montreal and New York bulletins with modest price firmness for creamery products and tallow.
Market listing shows strong demand for onions, maltas, tomatoes, cabbage, beans, beets, carrots, lettuce, peppers and other produce. Prices include $2 per basket onions, 274 per barrel maltas, 40 cents per bush beets, $1 per bush lima beans, $1 per bush shell beans, and various box and barrel rates for celery, cauliflower, peppers, spinach and eggplants.
Apples abundant with light demand. pears plentiful but scarce top-quality lots. Quinces strong at 450 to 600 per bbl. grapes large in, low prices. cranberries firm and steady. Dried apples light. peanuts slow. chestnuts steady. hickory nuts quiet. Prices listed for apples, cranberries, grapes, pears, oranges, lemons, bananas, and nuts with varied regional lots and sizes.
No change to pork lard and fresh beef prices while lambs are plentiful and easy. Listing shows long cuts 17.50 to 18.00, short cuts 17.50 to 18.00, backs 138.50, light backs 17, lean ends 13.50 to 19.00, pork tongues 16 to 16.50, prime mess 15, mess 17. The report includes miscellaneous items like fresh ribs sausage bologna and lard with varied per hundred weights.
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