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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Dec 07, 1888
Page
6
The Boston money market held steady with clearing house rates at 4 percent. General market time loans ranged 4 to 6 percent, most at 5 to 5 1/2 percent. Call loans with collateral were 4 to 5 percent. Bond offerings totaled 666,450 with Treasury acceptances at 108. The article details foreign exchange, rail stock movements, and industry notes amid a buoyant yet cautious trading day.
The document lists stock and bond orders executed in Boston New York and Philadelphia including 80 shares N City Bank 2000 Cons of Vermont 5s 1913 300 Burl & Mo Rivers RR 78 1893 and many others. It announces auction sales on Saturday Dec 8 1883 by order of Executor with numerous items from Consol. RE. of Vt 2 shares to 7000 So Kansas RR Ist 5s 1926 and other railroad and bank securities.
Amory Manufacturing Company declares a dividend of 3 dollars per share payable December 15. The action names the company and the payment date, with no additional context or details.
The Massachusetts National Bank of Boston Incorporate 1784 issues exchange drafts on London San Francisco and China. Wa and French presides. Cnas. W. Persins serves as cashier.
London markets show Consols at 961 16 for money and 96 1 2 for account. Atlantic & Great Western firsts 37 54, Canadian Pacific 53 1 2, Erie 26 1 4, Erie seconds 99 1 2, Illinois Central 116, Mexican ordinary 44 1 2, St Paul 63 1 2, New York Central 110, Pennsylvania 64 1 2, Spanish 4s 71 2 3. Paris advices quote 3 percent rentes at 83.1742 francs for account. Bank of England bullion withdrawals £150,000. weekly bullion drop £176,000 and reserve ratio 40.35 percent. Paris gold up 306,000 francs, silver down 1,575,000 francs. Berlin Imperial Bank fixes discount at 4 percent.
New York financials note money on call easy at 2 percent, with steady sterling and dull government bonds. Stocks opened higher, fell on bear pressure, then rallied to finish the day at the strongest levels, led by Missouri Pacific and Southwestern issues. Railroad bonds showed more movement. notable price changes included St Paul Chicago & Missouri River 6s to 101 and Gulf, Colorado & Santa Fe 6s to 90.
Reported by Wilson W Fay & Co a hardware sales list includes 50 Eastman Heater 3 25 60 WMA accin 844 50, Lord Accu Tel 500 Cusi 6kBO Munsell Trimmer 5 2 50 hurton Car 50 100 Fench Bay Lo 200 Catalpa Sem Ree mu Thom Hous e 100 Dunkin 2 25 Reeve But WH M 3 75 400 Honerine 75
The wool market shows firm prices and steady to active demand. Ohio Pennsylvania fleeces reach 33–38c, Michigan X around 32–34c, and Texas pulled wools at 65–66c. Foreign and Montanan goods are scarce, with strong New York and New England quotes and a general expectation of additional foreign shipments.
Leather and wool show steady demand with firm conditions, flour and corn mild, oats strong, rye and barley softer, cottonseed meal firm, malt quiet, hops slow, butter and cheese firm, eggs steady, beans and potatoes in good demand, poultry and game quiet, hay strong, fruit and meats mixed with general steadiness, tallow and sugars unchanged. Prices reflect a cautious, steady trading day across agriculture and related commodities.
A dense price table lists wool grades and rates for many regions including Colorado Wyoming Utah Kansas Nebraska Ohio Michigan Maine and California. It covers unwashed pulled fine and medium wools carpet wools and international lots from Australia Cape of good hope and East India with prices per pound in cents.
London wool sales report continued good buying spirit with prices for new clip 42d higher. Of 10 606 bales offered, most items sold across Victoria New South Wales Queensland South Australia New Zealand Cape of Good Hope and Natal with varied scoured greasy and locks and pieces prices listed per class and origin.
Chicago trading shows wheat moving locally with May unable to sell down and prices near the bottom as large traders hold lines. Cash corn demand stays cool with light receipts and oats steady due to a major trader covering shorts. New York and St Louis futures close with various cash and ahead prices for wheat corn and oats.
The leather market shows steady to soft pricing with cautious dealer and producer behavior. Finished leather demand remains quiet while wax and hip leather hold firm demand, grain leather remains steady, and rough and calfskin segments show varied activity. Hides markets in New England and the South show mixed levels with multiple price quotes for various categories and regions continuing to reflect a slow, supplied market.
Boston markets report garland lot prices for all grain excluding rye. The piece lists price ranges for flour and grain as of December 6, detailing bid and offer levels and market conditions for traders and merchants.
Flour markets show steady prices with quiet volume and modest demand. Spot quotes span fine to patent grades, with regional wheat flour and corn products trading slowly. receipts and shipments steady in New York, Chicago, and Milwaukee, while oats, rye, barley, and other grains display subdued activity and mixed price moves.
Butter market remains firm with quiet demand as creameries report limited supply. Prices range from 34 to 35 cents for fresh creamery, most sales around 33 cents. lower grades and imitations show varied quotations, including Western and Vermont lines, with receivers listed as the source.
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