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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Dec 10, 1887
Page
6
The Boston money market shows little change with abundant liquidity and rates steady at 6 percent. Call loans secured by collateral range 6 to 7 percent, time loans 6 to 7 percent, while New York funds trade around 16 to 20 cents per $1000 on discount.
The Etna Quicksilver Mining Company declares a dividend of 10 cents per share. Central Railroad and Banking Company of Georgia pays 4 percent, due December 21. Nashville, Chattanooga and St. Louis Railroad Company issues a quarterly dividend of 1 percent, payable January 10. Connecticut River Railroad Company declares a quarterly dividend of $2 per share, payable January 2. Oregon Navigation dividend of 1.44 percent expected next Monday. Cheshire Railroad Company declares 6 percent annual on preferred stock, $3 per share. Commercial Towboat Company approves 2 percent dividend on canal stock at a Thursday directors meeting. Cutting Car Company declares second quarterly 2 percent dividend, payable by check June 1 for shareholders December 1.
Proposals addressed to the Boston Safe Deposit and Trust Company as Trustee will be received until Saturday December 24 1887 at 2 pm for sale to the railroad company at or below 105 percent and interest of 122 006 dollars of sinking fund six percent secured bonds or registered certificates issued December 1 1881 payable December 1 1887. The right to reject any or all offers is reserved.
Boston firm Williams & Co reports sales at the brokers' board during December 9 before calls from 10 to 10:30 A M. The brief item notes active trading and price movements on the exchange.
The December 9 report lists official closing prices for mining shares led by Best & Belcher and Nevada Queen. Notable values include Crown Point 9 3/4, Gould & Curry 6, Hale & Norcross 8 1/2, Union Consolidated 4.10, Mexican 0-0, and North Belle Isle at 1 1/2 to 2.00. Many prices are given with fractions or decimal tails.
Money on call easy at 4 to 5 percent with last loan at 4 1 4. Sterling exchange quiet with posted 4.82 to 4.86. Government and railroad bonds dull but firm. Stock market dull but firmer late. Richmond West Point active and down 1 4 percent, Manhattan up 1 3 percent. Canadian Pacific and Union Pacific strength noted on earnings and government settlement hopes. Kansas & Texas issues remain focal with bids rumor-driven.
Today's transactions total 215 039 shares with a summary of shares sold and the opening highest lowest and closing prices for the day. Quotations are corrected daily from the official reports of the Boston Stock Exchange.
In London the markets opened strong but weakened on rumors that Count Kaimoky, Austro-Hungarian prime minister, had resigned. Consols quoted at 101 11-16 for money and 101 15-16 for account. 2:30 p.m. Paris rentes around 82 francs 67 12 centimes for the account. discount rate 3 percent in open market.
The New York & New England Railroad Directors may change at the annual meeting with expected benefit to Boston security holders. Mexican Central reports January interest on hand and potential dividend paying status within two to three years. Birmingham land boom fears rise as notes come due, forcing borrowing and higher rates. Eastern railroad board changes possible to reflect large interests, with consolidation bills likely to pass and an Eastern Boston & Maine stock exchange offer in play. Maverick Land and Hast Boston prospects also cited with large buy orders near current quotes.
A listing of names and firms across multiple cities including Draper Moore Co Augusta White Craw Averucen Paine Co Buffalo Walker Wells Howard Laws Reese Quast Spencer Knox Marks Rothenberg Bernstein Paul Philadelphia Arieids Austin Fields Tracy Crown Hamilton Brown Shoe Co Dunn Salmon Boyd & Co notes partners and firms in a compiled trade directory.
Commodities list shows dairy and grain futures steady to firm with occasional shifts. Potatoes and hay meet solid demand, while apples and chestnuts soften. Florida oranges and cranberries remain strong. livestock and poultry largely quiet with poultry, beef, and veal stable.
Gloucester and Boston reports show mixed demand with firm mackerel and scarce medium fish. November receipts include codfish 8,592,000 lbs and hake 47,000 lbs. New York sardines market weak as factories shut until April.
The flour market remains firm with mills operating at full prices due to limited water power. Spring patents range around $54,530 per lot with high offerings at $0.50 per barrel. Corn prices steady with mixed and steamer grades on track and in elevator, oats and barley firm, and millfeed prices sustained.
Export price quotes for cornmeal rye oats and barley in various grades. Includes fob Canada export terms for cornmeal and corn meal bag prices, millfeed bran middlings and cottonseed meal, and domestic flour and barley ranges. Also notes steamer grades and white/barley varieties with approximate cents per unit.
Butter steady with quiet demand and 446 tubs arriving in New York for order. Eggs firm on choice lots. beans show good movement at full prices with scarce yellow eyes. Potatoes and hay demand stay firm. prices rise for choice stock. Poultry markets soft with limited demand. game and venison steady. Price lists cover butter cheese eggs poultry and potatoes with receivers' wholesale quotes.
In Chicago mild weather eases markets with butter and cheese unchanged. Eggs firm with Western extras 21c and firsts 19c. New York butter improves at 24 to 33c, cheese and eggs steady. Beans firm with fair demand. medium 235, pea 283, 240. Liverpool cheese market steady at 58s.
Ocean trade notes 8000 boxes of Seaverns & Co Jamaica oranges and Florida citrus with firm demand for cranberries. Almeriz grapes sold at auction for 176 dollars and 3 8712 barrels. various apple grades quoted from 1 74 to 3 25 per bushel. Nut and dried fruit prices listed. truck market remains quiet with little change.
Pork market remains steady with best cuts firm and lard in fair demand. Hams quiet and steady, fresh beet unchanged. Trade quiet with prices fairly steady. Choice cattle are scared and firm. Other fresh meats unchanged.
Raw sugar values hold firm with refining grades at 51g 5140 and centrifugals 96 tet 6c. Manila and Lipilo futures show minor gaps while Juvas Noe remains 6 6c. Refined sugar steady with granulated at 615 16c and powdered grades steady.
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