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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jan 07, 1888
Page
6
The Boston money market shows dull, quiet trading with call loans at 4 percent and outside paper near 5 percent. New York exchange figures decline year over year while Atchison stock plunges on bear talks. Lake Superior Iron Company debuts on the Boston Exchange amid mixed rail and mining shares and market speculation.
The Monson National Bank declares a 4 percent tax free dividend. Hamilton Woollen Company sets an 8 percent dividend. Minehill and Schuylkill Haven railroad proclaims a $176 per share dividend. McKay Metallic Fastening Association issues a quarterly $1 per share dividend.
Dealers advertise buying and selling stocks and bonds for investors or margin accounts. They list municipal and railroad securities as core offerings and promote active trading and investment services.
International Trust Company transacts general banking and trust business for banks, corporations, individuals, and officials. Accepts trusts created by will or otherwise and handles property care and income collection. Offers exchange on London from £1 and up and cable transfers. presiding officer is John M. Gramam.
The Williams and Co mining and miscellaneous stocks section reports January 6 sales with 156,527 shares traded. Stocks listed include New York Consolidated, Southern Pacific, St. Louis and San Francisco, and Union Pacific issues, with closing prices shown for January 6 and January 5, and notable bid/ask levels across the day.
The Boston Fish Bureau reports steady to higher prices for cod and bank cod with scarce fresh fish and firm mackerel. Canned goods stay quiet with light stocks. herring demand remains old-quotation level. Receipts for the week include large quantities of pickled bank cod and various frozen fish.
Scrambled OCR fragment lists multiple items and vessels with scattered numbers and names such as Campobello, Catalpa, Bruns Ships Berth, Lord Acoustic, Mass, and Addax Basting Mach. The readable fragments suggest a catalog or directory page with headings and numeric entries, but no coherent events or narrative.
Money on call eased with rates 4 to 5 per cent and 60 day bills at 4 83. Prime mercantile paper 6 7%. Stock activity limited with Delware & Hudson and Quicksilver standout gains. Railroad bonds firm as market closes near best prices. notable gains and cautious trading define the day's session.
Old Colony 8 notes show J M Washburn serving as treasurer on December 27 1887 with an official entry.
London and Paris money and bond quotes out of early January trading. Consols at 102 15 16 for money and 108 for the account. U S 4s 126 1/2, U S 4 1s 110 1/4. Atlantic and Great Western 3 9 1. Canadian Pacific 64. Erie 29 1/4. Erie seconds 100 1/2. Mexican dollars 51 1/4. St Paul 77 1/4. New York Central 112. Reading 83 3/4. Mexican Central 14 1/4. Open market discount 2 per cent. Bar silver 44 16 pence. Paris 3 per cent rentes 81 francs 37 1/2 centimes. Exchange London 2 francs 30 44 centimes for checks.
Market notes show mixed activity with some items firm or steady and others quiet. Corn easier, butter and eggs stable, beans and hay in fair demand, Florida oranges sought, and meat products like pork and beef largely quiet or steady.
The flour and grain market holds firm with little trade. Mills keep prices, some advancing, while demand remains quiet. Quoted ranges cover flour, cornmeal, rye flour, oats, oats futures inactivity, and barleys. Inspections show mixed carloads of wheat, corn, and oats. barley and malt steady. hops unchanged.
The butter market is steady with firm prices as trading remains subdued. Western cream eries face light supply and prompt delivery, while other regions show slow activity and varied quotation levels across fresh, imitation, and packed varieties.
In New York butter remains dull with buyers scarce as Western creamery sells extra at 28¢ and eggs at 18¢. Liverpool reports active cheese with finest colored at 57 58s and white at 58 60½d. Butter markets improve in New York as prices firm and demand steady, cheese quiet yet firm, beans firm and dried apples steady.
The market for apples is firm with quiet demand and listed prices for Spy Hubbardston spitz and Baldwins. Cranberries Cape Cod varieties are firm with prices for dark light colored and crates. Oranges lemons and Palermo items show various quoted prices. Florida lemons and Valencia oranges appear in jobbing ranges. Virginia hand picked peanuts and French nuts show mixed quotes.
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