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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Aug 17, 1889
Page
6
The market shows mixed activity across staples with flour and oats steady to dull listening. Livestock and fruits vary from firm to quiet. pork steady, fresh beef firmer, and poultry fairly active. Hops, malt, cornmeal, and several feed items show subdued demand while California fruits and oranges remain active and lemons steady.
The Money Market shows quiet steadiness with Clearing House rates at 3 percent. General loans run 4 to 6 percent. call loans with collateral 3 1 4 to 4 1 2 percent. New York exchanges around 101 million. United States currency and bonds fluctuate as copper stocks move on Boston, Butte, and related mining interests.
Kidder, Peabody & Co. bankers at 113 Devonshire Street advertise mercantile and travellers credits available worldwide through Messes, with a New York office at 1 Nassautists offering credits in all parts of the world.
New York money on call was easy at 3 to 4 percent, with Sterling at 4.8414 for sixty-day bills and 4.8714 for demand, and government and railroad bonds steady. Stocks opened irregularly but rose modestly after noon led by Atchison and Wabash preferred, ending dull but firm. notable gains included Illinois Central 4s of 1951 to 109 and Western New York & Pennsylvania firsts to 114. Grand Trunk and other issues moved slightly, while total railroad bond sales totaled 693,000 dollars.
Chicago, Burlington & Quincy directors declare a quarterly dividend of 1 percent pay able Sept. 15 to stockholders of record Aug. 20. Transfer books close Aug. 21 through Aug. 27. The Distillers and Cattle Feeders Trust declares a monthly dividend of one half of 1 percent, payable Sept. 2.
Foreign financial reports from London show U S 4s at 131, Atlantic & Great Western firsts at 33 percent, and several other rails and utilities listed with varied percentages. Paris quotes 5 per cent rentes at 15 francs 30 centimes, bullion movement today totals £13,000 to Bank of England, and France's weekly gold up 87,442,000 francs with silver up 1,650,000 francs.
A Parker House meeting to organize Carney Hospital fall festival yielded no action and a follow up is planned next Thursday. The article lists numerous guests at Brunswick, Thorndike, Vendome, Parker's, Tavern, Tremont, Quincy, Young's, Adams, American, Rovers, Crawford, and United States hotels including George W. Wilkins J. Swan George Morgan P. Keen Edmund Fryon Henry Sapner and many others from cities such as Philadelphia Cincinnati New York Chicago and Boston with international guest K Nakaiyama of Tokyo and several families.
The Norfolk Norwich Line runs the shortest Sound route between Norwich and New York. Elegant steamers feature modern appliances and a dining room in the upper cabin with ample light and air. Meals are served a la carte with seasonal delicacies. Steam boat trains offer reclining chairs at no extra charge.
Fall River reports a quiet and steady print cloth market on August 16 with 64x64s spots priced at 313-16c less 7/2 percent and futures at 3%4c. Weekly sales reach about 200,000 pieces.
The option markets report mixed action with wheat closing steady after an opening dip and gains driven by New York and St Louis activity. Cash prices rose on some futures strength, while exports stayed quiet. Minneapolis and Duluth showed mixed closing values as traders noted a possible late movement of new spring wheat and a hoped for sharp decline in supplies.
The report details slow demand and steady to firm prices for cod haddock and other fish with supplies tight in Halifax and nearby markets. Prices quoted include large bank cod $4 25 to $5 small $3 25 to $4 50 and haddock around $2 50 to $3 50 with other species showing modest moves.
Prices for salt mackerel remain firm with steady demand though supplies lag. North Bay, Block Island, and Mt Desert reports improve catches. weekly landings total 1022 bbls versus 2395 last year. Large fish sold at Gloucester and Portland markets, with various No 1 and extra No 1 grades priced. Nova Scotia and Prince Edward Island mackerel arrive in smaller sizes, while Irish mackerel trade slows. The 1888 Irish fisheries report notes 4,000,000 mackerel salted for the American market, and calls for better transport and capital for curing.
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