Money Market Stays Quiet as Rates Hold Steady
The Boston money market ends a quiet week with little change in rates on call loans 6 to 7 percent and time loans 5 to 7 percent. Clearing balances the prior day at 6 percent, New York funds at discounts, and weekly exchanges show a substantial rise from last year. Government bonds hold at 107 108 with wide foreign exchange weakness and notable shifts at Atchison, Atlantic & Pacific, and several other rail and financial equities.
MENTIONED IN THIS ARTICLE
Boston
New York
Paris
Kidder, Peabody & Co
Treasury
New York City
Atchison
C. H. Venner
Gould
Venner
Atlantic & Pacific
General Sedgwick
Albuquerque Democrat
Atlantic & Pacific Company
Arizona
Interior Department
Rio Grande
New Mexico
Wisconsin Central Railway System
Wisconsin Central
Chicago
Wisconsin
Minnesota
Peersone
ST. Croix
Cleveland
Canton
GOSS
Market Report shows steady demand across multiple commodities
The issue notes fair to strong demand for iron copper tin and flour while grains like oats and corn remain firm. Prices for No 2 white oats and wheat on call are given, with extensive grain inspections and weekly Boston port clearances. Fresh fruit shipments include peaches apples pears grapes and citrus with varied prices and quantities.
Dividend Declarations From Companies Include Dunkin Mine
The Eastman Freight Car Heater Company declares a 3 percent semi annual dividend. The Dunkin mine directors announce a 5 cent per share dividend payable Sept 15 to shareholders of Sept 1. With 200000 shares, this dividend costs $10,000 and leaves $15,000 on hand.
MENTIONED IN THIS ARTICLE
Eastman Freight Car Heater Company
Dunkin Mine
Market dulls as government and railroad bonds slip
The stock market opened lower and closed near the day’s lows with light activity. Government bonds fell to 4 to 4 percent while railroad bonds showed little feature and declined from last sales. Total weekly bond sales were around 3.47 million, with Cedar Rapids Iowa Falls & Northwestern and Hocking Valley bonds among notable moves. Banks faced a weaker reserve and loan base despite a better than expected bank statement.
MENTIONED IN THIS ARTICLE
Stock Exchange
Cedar Rapids
Lowa Falls
Peoria
Decatur & Evansville
Lawson & Co
Money markets and stock notes from London and American railroads
London and New York money markets show firmer rates with open market discounts at 2 1 4 to 2 3 4 per cent. American demand for wod diverted to Paris while railroads like Wabash Reading Central Pacific Union Pacific and Denver and Rio Grande show activity and tentative gains amid market jitters.
MENTIONED IN THIS ARTICLE
Aee
Ing
Alt
T. HW
Seeee
Pac
B.& Air L
Central Iowa
Central Pac
Ches
Ohio
Chi, & Alton
Ae C
Col. & H.V
Del
East
Fort Wayne
Lou. & N
Bal
Lou
Beach
Man
Central
Pacific
St. Lo
Ohio & Miss
Ghiass
Weoat Sree
Oregon
Tn J
Pittsburg
Reading
Rae
Rich
Eae A
Ic & Dan
Weave R.& W
Roch, & Pitts
Rock Island
St. L
8. K
St. P
M&m
Toledo & OC
Union Pacific
Utica & BR
St. L. & P. Seer
L. E
Oregon Tin Eee
Pacific Mail
BOL Pullman Pa
N. W
Dbs
Yeede
Tex
L. G
B. R. Gi
U. O. Nay
W. Shore
Adams
U.soe
American
Wells Fargo
Amador
Ontario
Ontario Brunswick LG 1.65 Phenix Eae 4.65 Carson D
Plymouth
Col. Coal
Terra Do
Ie. Cristo
H.coal & Ir
Tornedo
London
United States
Atlantic & Great Western
Canadian Pacific
Erie
Illinois Central
St. Paul
New York Central
Paris
Stock Exchange
Wabash
America
Central Pacific
Denver & Rio Grande
Brookline Selectmen Support West End Railway Increase
At Saturday’s railroad hearing Brookline selectmen corroborated Henry M. Whitney’s testimony from the previous session. Whitney also testified as the session continued into today.
MENTIONED IN THIS ARTICLE
Railroad Commissioners
West End Street Railway Company
Board of Selectmen of
Brookline
Henry M. Whitney
Whitney
Money on call and mercantile paper rates steady in New York
In New York on August 20 money on call remained easy at 4 to 5 percent. Prime mercantile paper quoted around 6 9 9 and a quarter, with bar silver at 96 1 4. Sterling exchange steady with actual business around 4 80 54 to 4 81.
MENTIONED IN THIS ARTICLE
New York
Prime Mercantile
Sterling Exchange
Two Boys Confess Fire at Condor Street Spar Yard
Charles Moore age 16 and George O Keefe age 13 confess to setting a fire at Youngs spar yard on Condor street East Boston Friday evening. Moore works in the neighboring pottery and both boys live nearby.
MENTIONED IN THIS ARTICLE
Charles Moore
George O'Keefe
Young’s Spar Yard
Condor Street
Boston
Moore
O' Keefe
Spar Yard
Stock Quotations Saturday Opening High Low Close
The opening highest lowest and closing quotations for Saturday were listed, with the closing figures matching those of the same day last year.
MENTIONED IN THIS ARTICLE
Sun
Market summarize for metal trades in 1887
Copper and iron markets hold steady with firm copper prices in London and rising mill activity in iron. No 1 pig iron scarce, plate demand strong, tubes and pipes in moderate demand. Calumet & Hecla reports fire under control with plans to mine and pipe water. London coppers and English stocks show shifts. visible supply July 1887 52,208 tons.
MENTIONED IN THIS ARTICLE
Calumet & Hecla
Lake Edge
London Cables
Messrs
James Lewis & Co
Europe
England
France
Stock
Calumet & Heela Mining Company of Michigan
Boston
Agassiz
Jin
London
Vivian
South Wales
Baltimore
Gray Forge
Belinton
Glengarnock
Summerlee
Gartsherrie
Langloan
Old Raill
New England
Flour and Grain Market Report August 20
No change in flour markets with steady but quiet activity in spring and winter wheat flours. Buyers fill pressing needs at current quotations. Corn remains quiet with limited demand and sales only as needed. Steamer yellow in elevator at 56c and on track at 55c. Oar market unchanged.
MENTIONED IN THIS ARTICLE
Eoum
Lee
Minnesota Bakers
Michigan
New York
Canada Superior
Canada
Bush
Canada Western
Eastern
Yelow i
Boston Port Exports and Market Quotes for Aug 20 1887
Weekly Boston exports show butter 387853 lbs, cheese 169028 lbs, oleomargarine 132542 lbs for the week ending Aug 20 1887 with 1883 and 1887 comparisons. Butter market steady in general, West weaker, New York unchanged, Chicago weak. cheese firm with quiet demand. Eggs steady to firm. beans and hay firm to steady. prices for butter and cheese vary by region and grade. oat straw and tallow noted.
MENTIONED IN THIS ARTICLE
Atchison
Chicago
Dee
Burlington & Quincy
Union Pacific
Mexican Central
Flint & Pete Marquette
Boston & Maine
Boston
Winthrop Highlands
E. & T. Fairbanks
Franklin
New York Commercial Bulletin
Calumet & Heela
London Cables
San Diego Land Company
Lord Acoustic Telephone Manufacturing
Mining Exchange
New York
Jersey
Vermont
Cheesh—Northern Choice
Il Yeiw
Ohio Choice
Vermont’choice
Northern Sage
Llwiltec
Choice
Canada
Michigan
Nova Scotia
Island
New Brunswick
West
North
Long Islands
Bristol Ferry
Norfolk
Crop report shows fruit yields sharply down across regions
The August government crop report notes apples and peaches in poor to very low condition with forecasts of well below average crops. California fruit output is strong, with high values and large dried fruit prospects, while Florida orange boxes total about 2.6 million. Evaporated fruits dominate the outlook, including raisins and peaches.
MENTIONED IN THIS ARTICLE
New England
Middle States
Ohio Valley
Florida
California
Franccisco Journal of Commerce
Local Produce Prices From a Market Listing
A market list shows diverse truck demand with prices for onions Maltas tomatoes cabbages beans green corn beets turnips squash marrow carrots lettuce cucumbers and pickles. Prices range from 40 cents to 14 dollars per various units and varieties.
MENTIONED IN THIS ARTICLE
Long Islands
The Norfolk boat voyage carries cargo of potatoes and grapes
The Norfolk boat due Monday ships 250 bbls potatoes and 450 pkgs grapes, outlining its planned cargo for the return voyage.
MENTIONED IN THIS ARTICLE
Norfolk Boat
Norfolk
Provisions Trade Flows and Prices at Boston Port
Export volumes and prices for the past week show steady demand for pork and fresh pork meats. Beef markets remain firm with moderate supply and fair demand. lambs and yearlings are less firm due to abundant supply. Prices listed for pork cuts, lard, beef, and fresh meats reflect current market levels.
MENTIONED IN THIS ARTICLE
Eaves
Ddiss Vie Sa
GwbYec
Lord
Choice
Choice City
Tlee
Chicago
Brighton
Cotton futures firm after open in Liverpool and New York
Liverpool futures opened firm and closed strong with several August to February grades. Spot Upland prices advanced with 7000 bales sold. American sales listed. New York spot opened firm and closed firm. Saturday futures rose 3 to 6 points with 58,400 bales sold. Also notes on petroleum, sugar, and molasses prices and certificates.
MENTIONED IN THIS ARTICLE
Liverpool
Uplands
Orleans
New York
Middlig Uplands
Wheat Markets Report From Minneapolis and New York
Wheat opened firmer with No 1 hard and No 1 Northern prices rising for cash and futures. Track bids showed steady advances for old and new crop, while shipments and receipts totals appear for wheat and flour in Minneapolis and New York markets.
MENTIONED IN THIS ARTICLE
Minneapolis
Tle
New York
Minnesota
Chicago
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