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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Apr 04, 1888
Page
6
The Boston money market shows firm conditions with close at 6 percent and New York funds slow. Time paper 5 to 7 percent. call loans 6 to 7 percent. exchange figures and Treasury holdings detailed. U S currency and foreign exchange quotes listed. Atchison dividend cut to 6 percent sparked trading. Chicago stock actions and various rail and utility shares noted. market tone cautious yet hopeful for recovery.
A long list reports various dividends from multiple banks and companies including Holyoke National Bank four percent, First National Bank of Malden thirty four and a half percent, Powow River National Bank Amesbury five percent, Boston Suspender Company two percent quarterly, Merchants' National Bank Salem three percent semi annual, First National Bank Danvers three percent, Lawrence National Bank Lawrence three percent, First National Bank Salem three percent, Exchange National Bank Salem, Mercantile National Bank, Grinnell Manufacturing New Bedford two percent quarterly, New Bedford steamboat company five dollars per share, Falmouth National Bank three percent, Home National Bank Brockton three percent semi annual, Long Island railroad one percent payable May 1, and Atchison Topeka Santa Fe railroad one hundred sixty dollars per share nominally 114 percent per cent with dates for book closings and reopenings.
A brief list of cities and transit style terms appears, including Boston Cambridge Chicago Cincinnati Haverhill Lynn St. Paul Minneapolis Omaha Pawtucket Brookline Boston Albany Old Colony Kansas City Cable R. The fragment hints at a regional cable franchise or public works matter involving multiple municipalities and transit lines.
The estate announces auction sales of numerous stocks and bonds on Wednesday April 4 1888 at 11 30 o clock. Listings include Howard Watch Edwards Manufacturing State National Bank Tremont National Bank and many others with quantities and serial references across banks railroads mills and manufacturing concerns. Also offered are municipal and corporate bonds plus miscellaneous securities and real estate related instruments.
London trading notes show U S bonds listed as 4s at 12614 and 126. United States 4428 quotes 10814 with Atlantic and Great Western firsts at 3644 and 63 percent for Canadian Pacific. Erie listings include 241 and Erie seconds 9814. St Paul common 7014, New York Central 106, Pennsylvania 6554, Reading 2714. Paris advice notes 3 percent rates at 82 trancs 16 centimes for account.
Money on call eased to 2 to 3 percent with last loan at 3 and close at 3. Sterling and government bonds showed steady rates while rail bonds stayed quiet. The stock market moved active after 2:15 with notable gains, especially in Jersey Central, Canada Southern, and a raid on Lackawanna causing a sell off before steady, later gains. Total sales reached 998000 with wide distribution and mixed results across railroad and utility issues.
Canned foods remain steady while lumber improves and flour holds quiet. Corn and rye are dull or steady with oats firm. Millseed and cottonseed meal show strong demand, while hops and malt stay steady. Prices for butter cheese and eggs are stable, beef and veal steady, pork quiet, and sugars mixed with refined active.
The warmer week lifts activity across the lumber market with yard orders moved from rainy periods. Prices remain steady overall as Eastern and Northern shipments show firm demand for dimension lumber and whitewood, while Southern and Western stocks hold steady or improve. detailed quotes cover Hemlock, Cypress, Black Walnut, Laths, Shingles, Clapboards, Pine and Spruce across multiple regions and stock categories.
Market update from Watertown Union shows cattle, sheep, and swine counts for the week ending April 3, 1888. Prices vary across beef, store cattle, sheep and lambs, hides, tallow, and skins with several sales highlighted and noted shifts in Western and Northern stock demand.
A fair movement in canned goods with steady stocks and ample supply. Demand fair for premium lobsters at $1.65 per dozen and for certain salmon, sardines, and various fruit and seafood items. prices for multiple 2- to 6-pound cans listed, including apples, apricots, cherries, clams, oysters, mackerel, peaches, pineapples, pears, and pumpkins with broad ranges and sporadic quantities noted.
The Daily Commercial Bulletin reports a sluggish week in New York commission circles with reorder demand from the West checked by railroad labor troubles and transportation interruptions. Jobbing trade was moderate, staple cotton goods steady but in light demand, prints and satins fair, and men’s wear woollens quiet with light demand for foreign goods.
The Post announces a new integrated layout for market reports. Telegraphic commodity updates will follow the Boston market on each item, ensuring a comprehensive, single source per market. The former Reports from Trade Censures department is discontinued and its content now aligns with local market coverage.
The report lists carload grain prices excluding rye and notes a quiet market with dull trade due to a strike affecting prompt delivery. It records various flour qualities with price ranges, New York receipts and exports, several regional price notes for wheat and corn, and mentions steady to firmer trends in some markets along with specific bid levels for No 1 hard, Northern, and white wheat varieties.
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