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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Oct 19, 1887
Page
6
Boston money market shows easier conditions with loans at 4 percent at clearing house, some call loans near 5 percent, time paper around 6 1 2 percent. New York exchanges rise, gold and currency data listed, small investor and railroad stocks described amid gains and cautious optimism for further market improvement.
Amoskeag Manufacturing Company declares a dividend of 333 384 percent per share scrip and 50 per share. Iron Steamboat Company of New York pays 24 percent dividend, payable November 1.
The Bath Water Supply Co of Bath Maine offers $500 pieces of first mortgage sinking fund bonds due 1916. Coupons payable June and December at Boston Safe Deposit and Trust Co. Bonds issued under Maine Legislature acts. Company works complete with many consumers and rental income from the City of Bath. Recommended as a conservative investment. For further information apply to
Money on call eased to 2 percent with last loan at 2 and bar silver at 0.5. Sterling climbs to 4.8153 for sixty day bills and 4.851% for demand. Government bonds dull but firm while railroad bonds stay quiet. Stock market opened strong then slipped, rebounded mildly led by Vanderbilt issues and weak noon losses recovered.
London financial markets report closes with Consols at 103 1 16 for money and 103 3 8 for account. U S 4s quoted 129 3 6, Atlantic and Great Western firsts 38 3 4, Mexican ordinary 40 3 4, St Paul common 78 1 2, New York Central 108 1 4, Reading 81 4, Canadian Pacific 63, Erie 27.
The Boston Railroad Clerks Association has announced officers for the coming year. President E. B. Chamberlain of the New York and New England road. Vice President A. B. Averill of the Fitchburg. Treasurer F. H. Reeves of the Boston and Lowell. Secretary W. S. Whitcombe of the New York and New England. Executive committee members include C. W. Trask, D. W. Bates, J. P. Manning, Gilbert Hodges, M. R. Perry, G. E. Carley, and A. A. Lawson, all of various lines. Ananes committees include C. A. Huntington, M. T. Burnett, and KK. G. Preston from multiple roads.
A large force works grading and building the Oregon Pacific from South Santiam River eastward. The line is completed and running ninety six miles east of Yaughna City with twelve miles of track east of Albany. Santiam River bridge is temporary and heavy work continues from Albany to Boise City, Idaho. A Buffalo Rochester Pittsburg railroad stockholders meeting on Nov 1 will decide on bonds totaling ten million dollars to refinance debt.
A wide list of buyers and firms in multiple cities is named including Mullen of Tucker Smith & Co in Baltimore Ramsdell Sweet in Buffalo Carpenter Greensfelder Selz Schwab Co Leonard Meis Laws Jones Robinson McLogan Carnahan Bertsch Harvey Marks in Chicago Cincinnati Plant Faller Meis Laws Reed Jones Goodbar Dunwoody Kirkendall Richardson Monroe Lott Blasland Stern Putney Noyes Schafer Lindsley Walker Kelley Allen Freeman Einstein Taylor Rodgers Lee Fuller Lane Bell French Spahr Spahr and others indicating active shoe trade connections from Baltimore to Philadelphia and St Louis with numerous companies and buyers named.
Liabilities of D. G. Yuengling & Co. New York stood at 1 693 686 with assets 2 203 659 a surplus 609 974. Creditors plan a stock company and bonds of 1 593 685 secured by mortgage on three firms. Citizens' Knitting Co Valatie shows about 80 000 liabilities. workers unpaid six weeks. J B Monroe Holliston blacksmith attached. Spear Dehnhoff music publishers assigned to Simon Gusthel. Walker Taunton grocer failed with about 2 000 debts and 500 assets. Timothy Bros Nashville Tenn assigned for 200 000 liabilities.
A twohorse team collided with a buggy at the State and Devonshire streets excavation site, throwing W. T. Van Nostrand, Charlestown brewer, from his seat and causing substantial bruising and partial buggy damage despite police efforts to prevent accidents and clear blockades.
Mankind loves group travel and the Pennsylvania tours provide ample companions for pleasure. The last tour formed several happy parties which merged into a single merry circle of congenial travelers.
Commercial matters indicate mixed tones with several staples steady and others quiet. Butter and cheese hold firm while eggs meet good demand. meats remain in fair demand with fresh beef firm yet quiet. flour and corn show quiet or unchanged trends, and refined sugars edge firmer.
Lumber trade remains quiet with steady prices in the east and strong demand for select hardwoods. Boston survey tallies show total lumber volume near 1.84 million feet with pine, spruce, hemlock, and cedar in steady to firm ranges. the Agriculture Department notes rail ties demand will rise to about 2.16 billion feet annually, stressing timber supply.
The flour market shows no material change with steady prices and quiet trade. Corn demand remains limited with steamer yellow at 57 to 58 cents for elevator lots and 56 to 57 on track. No 2 whites hold at 86 37 cents for track and elevator. On call and inspections details are listed with weekly Liverpool receipts and Paris stock figures provided.
Austria-Hungary is projected to export about 20 million bushels of wheat, 15 million barley, and 6 million oats this year. Quotations cover flour, cornmeal, rye flour, corn, oats, malt, hops, and millfeed with varied prices for export, wholesale, and jobbing, plus modest notes on recent market activity and receipts.
Butter prices show steady wholesale quotes across Western and New York creamery markets with slight variations by grade. Cheese and eggs hold firm. poultry demand is quiet at prior quotations. Beans, seeds, hay, rye straw, and potatoes display stable to moderate trading, with multiple regional price ranges and grain-like commodities listed in wholesale terms.
Elgin reported butter steady at 26c with 145896 lbs butter and 49104 lbs cheese sold. Utica market dull with 14000 sales and prices around 10 4c to 11 4c. New York butter steady cheese easy eggs steady beans and dried apples quiet. Little Falls cheese sales included 3450 boxes at 1c 175 at 11 4c 3270 at 11 4c 50d at 11 4c 1250 on commission and 30 boxes farm dairy at 10 12c. Butter sales listed 178 pkgs dairy at 22 24c and 10 pkgs creamery 25c.
Apples abundant with steady prices while demand remains quiet. pears plentiful but choice lots scarce. cranberries steady at old quotations and quinces strong at 84 50 500 per barrel. Grapes receipts decline. dried apples moderate demand. Cape Cod cranberry crop similar to last year with little frost damage. Steamer Kansas brings grape shipments to D H Tally Co and others. Bordeaux prune arrivals indicate 89 890 quintals to 26th June. Listings include detailed per barrel and crate prices for apples cranberries grapes pears and citrus. bananas nuts and chestnuts also priced for regional trade.
There is strong demand for onions maltas tomatoes and greens with prices listed per basket box pail or bush. Notable figures include onions at 2 per basket, malta 275 per barrel, tomatoes 26 50c, green tomatoes 40c per bush, cabbage 7 per 100, red cabbage 2 per barrel, shell beans 1 per bush.
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