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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jul 06, 1887
Page
6
The July money market shows stiff demand with funds hard to obtain. Loans on call hold at 7.8 percent while time paper ranges 5 to 8 percent as New York funds and exchanges fluctuate amid weak stock activity and a subdued local market.
London July 5 Consols at 1017 1 for money and 1019 16 for the account Canadian Pacific 631 Erie 331 4 Mexican ordinary 61% New York Central 114% Reading 2074 Mexican Central 1714.
The report lists daily price and demand shifts across farm goods including flour oats butter cheese eggs and meat. It notes steady to firm movement for items like oats rye flour seeds hay and eggs while fresh beef and hams show improved demand and supplies such as bananas and potatoes remain plentiful or in good demand.
Several financial notices show quarterly and semi annual dividends declared by banks and rail companies. First National Bank Greenfield and First National Bank Orwell in Vermont announce various percentages, while others including East Pennsylvania railroad and Little Schuylkill Navigation Railroad and Coal Company list specific rates. The Huntington & Broad Top Mountain Railroad declares a preferred stock dividend of one dollar per share. East Bridgewater Savings Bank hints at a dividend, though the figure is unclear.
The New York Financial report notes moderate initial firming with Reading leading gains up to 14.2 percent in early trading. Afternoon weakness broadens with New England and Louisville & Nashville among the few notable decliners, while West Shore 48 boosts daily bond activity to the session total of 803 000.
Senator Cullom spoke to a large crowd in Saybrook Illinois arguing the nation must curb paupers and criminals from entering. He urged regulated immigration to protect native workers and reduce wage pressures while calling for fair sharing of profits between labor and capital and restrained taxation to meet government needs.
The State board of health held its monthly meeting yesterday. The food analyst reported improvement with 17 of 120 milk samples below standard, while 110 of 145 samples were genuine. Water and drainage topics were referred to committees and the annual report is due next week.
Railroad commissioners held a hearing for residents along the Nantasket Beach railroad line. The line has not operated since last fall and petitioners, who moved nearby expecting ongoing service, ask the commission to compel operation to fulfill the line's obligations.
Ten years ago Katie Stokes lit up the Coup show in Saratoga drawing wild praise for her beauty and courage. A riding accident ended her circus career, later she performed in Booth's theatre and pursued light opera and legit drama on stage.
General George S. Batchellor of Saratoga sails to assist in a high profile will contest over Abd el Messiah Antoun Yousef's $10 million fortune. The Syrian usurer's widow stands to inherit, while sisters and nephews seek shares if the deceased was a Turkish subject. Batchellor argues British subject status. he previously served on Cairo's international tribunal.
The market remains strong with steady prices and ample demand for Eastern lumber and shingles. Boston week figures show high totals for pine spruce hemlock and hardwoods with firm prices for cedar shingles and lathes. western and southern varieties stay steady while hardwoods remain in good demand.
The flour market is quiet with prices held steady and buying limited to immediate needs. Corn and oats show subdued activity with sellers aiming higher, while elevator stocks and on call bids reflect a cautious market. Visible supplies and stock levels across wheat corn oats rye barley and related products are tallied for July 4 and June 27 figures.
Receipts at seaboard ports show New York Boston Philadelphia Baltimore New Orleans totals in flour corn and wheat grain for week ending July 2 1887. Exports from these ports list shipments by flour wheat corn and related data across New York Boston Philadelphia Baltimore New Orleans and totals for the week.
Butter prices remain near last quotes with Western creamery at 19 20c and Western extra firsts 18 17c. New York and Chicago markets steady. Cheese remains firm with strong Utica sales and Canton large lots at 8 9c. Liverpool and Eastern markets show steady to firm pricing across varieties. Potatoes, eggs, beans, and poultry prices also show little change amid broad market stability.
Pork and lard prices show steadiness while beef market remains quiet and easier. The Wilcox Company cables list lard stocks across Continent ports for July 1887, with totals from Hamburg to Antwerp. fresh beef and lamb markets are described as dull or unchanged with varied prices for pork cuts, lard, bacon, and bacon products.
Cotton prices opened steady and closed easier across July to September futures. Spot market in Liverpool and New York showed weakness, while receipts and sales figures indicate moderate activity. United Kingdom and Manchester markets remained dull with yarns and cloths soft, and sugar and molasses prices held steady.
Prices for market cattle and store cattle listed with quality grades and figures. Includes first quality at 6 75 to 6 25, second quality 5 6 50, and third quality around 4a4 50. Farrow cows 15 32, Milch cows and calves 25 48, yearlings 5 18 00, two year olds 14 23. partial figures and unclear OCR text.
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