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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Feb 05, 1887
Page
6
Friday trading shows firmer money market with higher lending rates at the clearing house. Boston stock activity features New York & New England and Union Pacific, with detailed bond and share movements, earnings tallies, and plans for railroad extensions including Atchison and the Gulf, Colorado & Santa Fe. notable purchases and anticipated government actions accompany the day’s market shifts.
Stock and sales figures from brokers' board trading show highest and lowest prices for many issues. Key entries include Am Bell Telephone, Mex Cent bonds, Cal So stock, and Lamson, Boston firms, with totals around 856000 to 7000 shares and various percentages. Final totals note 439,089 shares traded February 4 with opening, intraday high and low, and prior close listed.
London february 4 Consols stand at 10016 for money and account United States 4s at 18073 do 424s 112 percent Atlantic and Great Western firsts 4354 Canada Pacific 6024 Erie 303 percent do seconds 6%4 Illinois Central 165 Mexican ordinary 405% St Paul common 88% New York Central 112%3 Pennsylvania 5544 Reading 177%
Money on call eased to 1 to 3/2 percent with last loan at 3¾ and close at 3¼. Rail and railroad bonds stayed steady or strong while stocks advanced after 2:15 with Western Union and New England leading gains before a late pullback. The day closed firm near session highs as overall activity remained robust in the afternoon.
Mortgage notices list multiple transfers dated Jan 31 to Feb 1 for properties in Roxbury Charlestown Revere South Boston Winthrop Dorchester and Brighton. Amounts range from 8000 to 10000 with trustees and lenders named including Edward Turner William N Felton George Parkman and James French.
Paul Frohnert of Edgeworth stands trial on charges of threatening to set fire to the Boston Rubber Shoe Company works. He allegedly wrote to the superintendent threatening destruction. main evidence includes paper and handwriting. Counsel are P Maguire for the prisoner and Scofield for the government.
An advertisement for MenMan’s Peptonized Beef Tonic touts it as the only beef preparation with complete nutritious properties. It lists blood-building, force-generating and life-sustaining benefits and recommends it for indigestion, nervous debility, exhaustion, overwork, and pulmonary ailments. Caswell Hazard & Co. of New York market the tonic, sold by druggists.
The fish market remains active while flour and rye are steady or quiet. Corn inches firmer and oatmeal stays quiet but firm. Butter cheese and beans stay firm, eggs dull, potatoes in good demand, provisions and sugar firm. Hay straw and grass seeds quiet. Fresh beef quiet. Molasses steady.
The Boston fish market shows steady demand for all fish with firm prices and strong mackerel sales. The Mitchell Fish Company forms with Potter & Wrightington after buying Reed, Mitchell & Co, with Reed as president and Crowell as treasurer, while Boston weekly receipts detail mackerel, herring, cod, and haddock totals.
Market activity remains subdued with flour demand quiet and prices largely unchanged. Corn shows faint firmness with steamer yellow at 52 1 2 but oats pull back slightly. No 2 white near 39 1 2 to 40 1 2 cents, No 3 white around 44 to 45 cents. Closing bids and quantities listed for oats and corn. Chicago quotations and Minneapolis flour production figures noted.
The notice provides detailed current prices for rye flour oats barley malt hops and millfeed. Prices show ranges for oats from No 1 white to No 3 white and mixed varieties, rye at 62 to 64 cents per bush for New York No 1, and malt hops quotes across several grades and regions with 1885 and 1886 references.
Butter quotations hold steady with Western creamery extra at 26c bid and 30c asked for fancy selections. New York and Liverpool show mixed activity with Western creamery at 24a 27c and Liverpool weak. Cheese remains in steady demand with New York and Ohio values firm, eggs light receipts, and vegetables and poultry showing modest demand and stable quotes.
The report lists the Savannah boat due Monday with 4500 boxes, and detailed prices for apples, greening, Tallman sweet, Northern Spy, and other varieties from Massachusetts, Maine, and Virginia. It also covers dried apples, Valencia oranges, Messina lemons, Palermo and Malaga imports, Florida oranges, tangerines, mandarins, and Cape Cod cranberries with per box or per barrel rates.
Market notes pork and lard values remain unchanged with steady demand for fresh meats. Prices across pork cuts and lard reflect little movement, while beef and other fresh meats show minimal or no change. Local bids and opening to closing quotes indicate a stable commodities scene.
Readable fragments show prices for lambs mutton and dressed beef in various grades with percentages and regional notes. Mentions Chicago dressed lambs and Eastern mutton with ranges from 4 to 9 cents per pound and higher for choice lots.
Liverpool weekly cotton summary reports quiet futures and steady spot prices with mixed U S and United Kingdom activity. American sales, exports, and stock levels are given alongside New York spot rates, futures quotations, and diverse commodity notes on sugar and oil prices.
New York notes Flour receipts 23940 bbls and sacks with dull demand, prices for Minnesota extra and other grades quoted. Wheat receipts 39050 bush, No 2 spring at 31/4 to 3 1/4 c, No 1 red 92 1/4 c. Chicago and St Louis report mixed gains and declines in flour and grain prices with provisions firm and hogs steady to higher. Detroit Milwaukee Toledo show tighter spreads in wheat and corn with steady to higher provisions and whiskey.
Kansas City reports hogs firmer at 4 7 to 4 9 per pound with 5000 receipts today and 6373 yesterday. St Louis shows hogs higher with prices from 4 90 to 5 10, others up to 5 35. Peoria notes hogs 4 50 to 5 30, while Chicago lists cattle receipts at 6000 and hogs higher with multiple price tiers and sheep steady.
Augusta net receipts 405 gross 431 shipments 2164 sales 299 stock 21009 mixed prices 8 16 16 to 18 cents. Galveston net receipts 1151 gross 1151 sales 884 stock 67072 steady mid 8 18 16 c. New Orleans net receipts 7026 gross 7065 exports to France 10 to the continent 50 coastwise 640 sales 3000 stock 370234 steady mid 8 16 c. Mobile net receipts 723 gross 742 exports coastwise 67 sales 500 stock 30341 steady mid 8 15 16 c. Memphis net receipts 1389 gross 1412 shipments 2265 sales 1150 stock 105375 corrected steady mid 8 1 6 ec. Savannah net receipts 1861 gross 1861 exports continent 2400 coastwise 499 sales 700 stock 64997 dull mid 9 c.
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