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This newspaper page contains 9 articles. Subscribers can read the full text of each article.

Newspaper

Boston Post

Location

Boston, Massachusetts, United States of America

Date

Feb 06, 1888

Page

6

The Money Market in Boston February Fourth

The Money Market shows a soft week end with modest demand. Call loans run 4 to 5 percent and time loans 4 1/2 to 6 percent, with commercial paper mostly at 5 percent. New York funds discount varied from 10 to 17 cents per $1000, and weekly clearings reached $87,259,990 with balances of $9,372. The report notes a reserve increase and a generally steady treasury position, alongside mixed bank statements and foreign exchange quotes.

Boston J. N. Fisk New York New York Clearing House United States National Bank Sterling Exchange Reichsmarks Chicago St. Louis San Francisco Telegraph New Orleans Savannah Charleston Treasury New York City Boston Post Oston Baltimore An Francisco Paburgage Insas City Omsville Jilwaukee Pau Maha Jinneapolis Neveland Columbus Enver Indianapolis J. Joseph Atford New Haven Galveston Worecester Wichita Pringfield Ortland Yiacuse Rand Rapids Aluth Foss Vip N.Y Charles Merriam Chicago, Burlington & Quincy Sandusky Atlantic & Pacific Mexican Central Tue Guadalajara Fitchburg the Journal Augustus Kountze Vanderbilt Commodore Vanderbilt Troy Kountze Continental Construction Company New York & New England Northern Sonora Chicago, Burlington & Northern Chicago, Kansas & Western Birmingham West End Frenchman’s Bay Wollaston Berkeley The Gazette Frenchman's Bay Augusta Frank Jones New Hampshire San Diego Bell Telephone Erie Quincy Kersarge Allouez Franklin Difference York Phil’p’s O'Vas L. Milw’ke Ao St. Paul Omaha Milne’s Detroit Clevel D ‘la Denver St. Jo Peoria Hartf N.haven Galves Norfolk Port Lowell Philadelphia Ft. Louis Cincinnati S. Francisco Orleans Pittsburg Kan City Louisville Providence Milwaukee Dai St. Aul Omahi Minneapolis Clevelim i Memphis St. Joseph Hartford Worcester Springfield Portland Lowell Sewer Syracuse I. Ga. R Pila Ree Duluch Topeka Coe

The Metal Market Sees Little Change Amid Readings Strike

Market reports show no new developments in iron and steel amid the Reading strike and stable Lehigh conditions. Copper export activity soft, London tin steady, and various steel and pig iron prices quoted across regions with modest gains in pig tin and steady plate and nails demand.

Reading Lehigh Eastern London

Financial markets mixed with declines across major exchanges

London reports flat prices with a general 4 to 1 percent decline and no demand on the stock exchange. Paris and Berlin show weakness while investors remain cautious after the Austro German treaty news. Copper and bank shares move variably as authorities monitor political risk.

London United States Atlantic & Great Western Canadian Pacific Erie Illinois Central St. Paul New York Berlin Frankfort Paris Stock Exchange Austria Germany Rio Bank of France

New York Financial Roundup Opens Weak as Market Dims

Money on call easy at 2 to 2 1/4 percent with last loan at 2 and closing at 2 percent. Prime mercantile paper at 5.7 percent. bar silver 96. Sterling exchange dull. Actual business 4.8814 for sixty day bills, 4.8544 for demand. posted 4.841 and 4.86. Government bonds dull, railroad bonds quiet but firm. Stock market opened weak with continued declines to noon. bank statement viewed unfavorable. closing prices 4.4 to 14 percent lower. Railroad bonds active though irregular. weekly bond sales 7,488,000 versus 10,367,000 prior.

New York Prime Mercantile Sterling Exchange St. Paul Sioux City Delaware & Hudson Pennsylvania Indiana, Bloomington & Western New York Central Richmond & West Point Trusts Cairo Arkansas & Texas Houston & Texas Eneral Lake Erie & Western Kansas & Texas Texas Pacific Toledo, Ann Arbor & Grand Trunk

New York Stock Sales Feb 4 Share Totals

New York stock sales on February 4 totaled 91 683 shares traded. The report lists shares sold and opening figures with details on brokers and prices for the day.

New York

Grade Crossings and a Plan to Discontinue a Dangerous Junction

A Boston letter urges the Legislature to block a Providence and Old Colony railroad merger unless the grade crossing near Dartmouth Street is abolished. The writer proposes moving Providence traffic to the Albany route and sharing stations to remove the dangerous crossing, arguing the change aids the public without harm to any party. Boston, February 4, 1888. F. A. B.

Providence Old Colony Albany Dartmouth Street Boston Old Providence Albany Road Kneeland Street Old Albany

Commercial Matters and Market Steadies Across Commodities

The market report shows steels and metals steady or quiet with minor shifts. Agricultural items such as corn, oats, and rye show firmness or ease, while fruits and meats like Florida oranges, pork, and lambs display varied demand and steady prices.

Rio Coffee Market Struggles With Surplus And Slump

Rio market observers report a late year period of complaints from planters exporters and brokers over depressions in prices and reduced demand. Crop estimates for 1888-89 range from 4.6 to 6.0 million bags for Rio and 2.75 to 3.6 million for Santos with some estimates up to 6 million and 3 million respectively. Large supplies point to lower prices in consuming markets while drought rumors persist from interior sources and immigration in Sao Paulo rises alongside emancipation measures.

Rio Santos S. Paulo

Chicago Market Review By Farnum Reardon Co

Wheat opened fairly strong on lower consol and war rumors with buyers Jones McCormick Kennet and J T Lester Co and heavy seller Hutchinson. Provisions show Hutchinson as sole prominent trader selling 1,000,000 short ribs and 5000 tierces lard while corn is dull and receipts modest. Official hog receipts 22,294. week totals 162,140 with 39 shipments.

Farnum, Reardon & Co Jones, McCormick & Kennet J. T. Lester & Co Hutchinson New York Huutchinson

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Newark Grand Rapids Spring Id Oither Timore Perth Luth Qovese Atchison the Stock Board Cordley & Co Boston Exchange London Stock Exchange Cordelia Ann Coe California Southern California Southern Railroad National City Cal Chicago & West Michigan Union Pacific J. J. Potter Potter Kansas City, Memphi Birmingham Road Aberdeen Bessemer Treoury Birmingham Equipment Company Kansas City, Memphis & Birmingham Railroad Company Kansas City Springfield & Memphis Railroad Company BroCk Ab Pat 1St Mortgage Equipment Company Tamarack Mining Company Sey Tamarack,” Jr Tamarack, Sr Tamarack Roscomne Bens Boston & Montenaining Company Perkins H. G. Stevens Messrs. Mason & Smith Talbot Pewabic Mining Company State of Michigan Pomivewascot Nat. Bank Wei Cocheco Dwight Jackson Lowell Mig. Co Renee Lancaster Mills Manchester Mills Nashua Mf CO Weeseen Pacific Mills Pepperill Mfg .Co Eneneeseees Liozyq Warren Cotton Mills Boston Farine Ins Asenesese Washington Ins. Co Boston ‘Atheneum Seaet RS CO Iowa RR. Land Co Wwe Newburyport Gaslight Chelsea Portland Water Aes Boston & Lowell Boston & Maine Metropolitan Middlesex RR Lake Champ Saran Erica Sieves Boston Stock Exchange Williams & CO Wilson W. Fay & Co State Street Bonanza Devel’t Gabumnet & Hecla Osceola Pinalack Aspinwall Brookline Newport Atchison Istes Ee Atlantic & Pac. Inc Cai, Southern Inc West Chi K.C Ft.s Guilt L. R Ft. Smith Central Central Inc Scrip S. P N. i N. E N. Y Oregon Es Oz U. Champ Pueb. & Ark. Val Seeeses Boston & Albany Boston & Providence Burl North Central of Mass Ciu Sand. & Cleve Cleveland & Canton Cleve Canton Flint & Ere Marcom Flint & Pere M Ft. Scott & Gulf Spring New England New E Rutland Rutland Srand Summit Wisconsin Cen Wisconsin Central West End Rail Eng E- Erie R& E Lamson Store Ser. Co Pullman Palace NY &Ne French Bay Atlantic Cal & Hec Ccceees Ee Osceola Kearsarge A,t&s E. A&p B& A Gall M. A T& SF M& Bris Ny&ne Bell Tel Erie Tel Sibs Eastman CH San Allongz Arnold Cceves Cuecesce Kreareurges Esss T&s C& W Mich S&c Fitch Fr & PM Pfa M&b Ae Northern Ese Arlington Mills Androscoggin Mills Bates Mig. Co E. Sion Ee Hamilton Woollen Mills Rainieay Las Massawippi Valley Saco & Ports Boston Gaslight Brookline Gaslight American Loan and Trust Cos Consol Bridgeport Ereeeereee Va Ins. Co McKay & Bib Velow Heel Reece Button Hole Machine Co Winnisimmett Co Burl, & Q. Con Isaacs Massachusetts de Henshaw & CO Boston Nat. Bank First Nat. Bank Veve Ban Bank of the Republic Seeese Burton Crescent Napa Elec Honorine Bruns Kensington Chair Securit Addax Basting Mach Catalpa Ing. Igh Ioc Pacifi Bre O.R Acnc Bia Iowa Gentral Pac Ches Ohio Alton St. L Az Col. & A East Tenn Fort & Wayne Harlem Houston Texas GMM Cistas Long Island N.A Man Alon Pact Ash Tn J Va & W Hs Nor Enee A CO Distas Rome Va Roch Jitts S. Eset Tree Cies M.&m Teens Pacific Big Toledo & O BB . Pacific Utica & BR Ee Wee L. S Pet Snn Pacific Mail Pullman Pal W. Union Isis Jl St. P C&p. Kan M. Winion N. Pac U. Pac W. Deb W. Shore N. J. C. Int Adams American Wells Fargo Navajo Amador Ontario Brunswick Ophir Con Tay Santiago Standard Tenn, C.& I Licaad New York Exchange Gray Forge Eglinton Sammerlee Gartsberry Langloan Glengarnock Coltness Shell Eee Holland America Straits Australia Devonshire Street the Mercantile Agency Edward Russell & Co Franklin Street John Jeffries & Sons Devonshire St Foreign Financial Markets NEW York Financial California Alta Best & Belcher North Belle Isle Crown Point Savage Ting Florida Caicago Market
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