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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Sep 17, 1887
Page
6
The money market shows rates easing with loans at 5% and 6% amid fading stringency. Clearing house balances and exchange activity rise, while Atchison and Western Indiana moves shape railway finance. New York and Boston lists push stocks higher from September to October, led by rail and telecom names amid rising earnings and tightening money conditions.
The North America Insurance Company declares a 3 percent dividend. The Honerine Mining Company declares a 2 percent dividend. The Nashville and Chattanooga Railway Company will pay a 1 percent dividend on October 10 to stockholders of record September 30.
Stock and bond orders were executed in Boston New York and Philadelphia with notable activity across markets. Traders reported brisk turnover in bonds and equities as clearing houses processed settlements and price quotes.
Reported by Wilson W Fay and Company Boston shows sales on Sept 16 for items including Dunkin Eastman Car Heater Summit Branch R Reece Button Hole Mach Gray's Dynamo Electric Mach Kensington GHBIP and Bruns ships berth among others with varying quantities and prices. The list names several manufacturers and stock quantities reflecting a market snapshot of industrial goods and equipment.
Money on call opened at 6 and closed at 5. Prime mercantile paper steady at 7 percent. Sterling dull. Government bonds and railroad bonds weak. Stocks turned volatile midday and early afternoon with Western Union Reading and New England showing activity. By late trading prices steadied near best levels after a brisk rise spurred by rumors of treasury action to ease money market strain.
London bullion deposits into the Bank of England today total KOzWwau. Advices show 5 per cent routes at 81 francs 20 centimes for the account and London exchange at 25 francs 39 42 centimes for checks.
Albany and several cities report boot and shoe buyers and agents listed with firms and locations across New York, Georgia, Ohio, Illinois, Missouri, Virginia, Pennsylvania, and more. Names include Converse and Son, Goff, Dodd, Wells, Henderson, Dorr, Kendall, Sidwell, Patterson, Lawless, Seabury, Greacen, Rowell, Rose, Schmertz, Paul, McDougall, Tracy, Allen, Woolman, Nettleton, Jenks, and others.
The Rev. William F. Davis, jailed on Charles Street for preaching in the Common without a permit, issues a manifesto seeking subscriptions to publish a full history of efforts in five years to suppress open air preaching. Estimated cost is $500.
Pearline promise to finish the job swiftly. The ad urges readers to get the product and have cleaning done efficiently.
General Manager Potter of the Union Pacific arrives in Chicago and presses the Southwestern association for through haul and through billing to Chicago to compete with Rock Island and Atchison routes. He disputes rumors of a Chicago line and affirms Adams supports his position while rail securities topics also appear in NYSE listings. He says Kansas Pacific will breach Kansas City barriers if needed.
A New York despatch reports the Thursday party nominated for Northern Pacific directors was declared elected yesterday. Newly elected officers include President Robert Harris of New York, Vice President and General Manager Thomas F. Oakes of St. Paul, Third Vice President James B. Williams of New York, Treasurer Samuel Wilkeson of New York, General Auditor J. A. Barker of St. Paul, Land Commissioner Charles M. Lamborn, General Counsel George Gray of New York.
The past week saw several roster changes in the Massachusetts volunteer militia. William H. Denny becomes first lieutenant of Company K Highth Infantry on Sept 9 replacing Denney. Frank F. Allen is appointed second lieutenant of Company C First Infantry on Sept 14. Captain John Mahoney of Company B Ninth Infantry is discharged on Sept 14 by resignation.
Trade page lists prices or mood for various goods including fish flour corn oats oatmeal rye malt millfeed butter cheese eggs beans potatoes hay straw seeds tallow apples and meats. Demand is described as quiet steady firm unchanged dull or dull with various items showing price or demand signals.
The Boston market notes a larger mackerel supply with a strong demand and pric es down 1 to 3 dollars. Prices for canned and fresh fish hold firm while large mackerel schooling off Margaree and Plymouth Bay boost prospects. shore arrivals rise as the season winds down.
At the Nashville Chattanooga and St. Louis annual meeting the old board and officers were reflected for the coming year and a 1 percent dividend was not increased. A Red River Valley Railroad representative was in Boston to negotiate bonds. Stockholder reports show mixed earnings across roads for early September with overall gains and losses compared with last year. The United States seeks $2 million from Northern Pacific over government land ice pond takings. Newport News and Mississippi Valley system earnings for seven months ended July 31 rose to 1,288,451.
Dr. 5. E. Whitman reports Digest ylin beneficial in severe dyspepsia. Sold by all druggists at one dollar per bottle or by W. F. Kidder & Co. manufacturing chemists located at 3 John Street, New York.
Flour market quiet with old spring wheat patents scarce and firm in demand. New flour abundant but weaker than old. corn, oats, and rye show varied activity with prices mostly steady. Cargo and call quotations list extensive grain pricing, including specific futures and period notes for No 2 white oats and steamer yellow corn.
Butter cheese eggs and dairy prices remain steady with old quotations. Grass seeds hay and straw supply clear while sweet potatoes and potatoes show fair to good demand. Tallow and beans list firm quotes. various regional prices noted for butter cheese eggs poultry and pork products.
Newsprint lists a wide range of market rates for vegetables and fruits. Onions native 2 25 a basket, tomatoes 40c per pound, cabbage 100 per head, Lima beans 1 50 per bush, beets 40c per bush, peppers 76c per bush, lettuce 25c per head, eggplants 1 per dozen, celery 1 25 per stalk.
The peach train will have five cars on Saturday morning. Jersey peaches sell today at 30 cents and 125 per basket, New York peaches at 60 cents and 126 per basket. Apples are plentiful. trade dull, only choice eating fruit in demand. Strong demand for Bartlett pears and Seckers sales strong. Grapes plentiful with low prices to move stock. Demand for choice plums is good, supply moderate. Apples and grapes list various varieties with prices. Bartlett natives and P or Bbl listings noted.
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