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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jul 29, 1889
Page
6
Financial notice from Joils Jeffries & Sons at 73 Devonshire Street advertising a seven year office term and recommending their safe investment option for savings banks trustees and individuals.
The week closes with a slightly easier money market. Clearing House loans range from 2 1 4 to 5 percent, time loans 3 4 to 5 percent, call loans 2 1 4 to 4 percent. Bond offers total 109000 dollars with most accepted, while imports exceed exports by 2 7 25 million dollars for the last fiscal year.
Jamaica Plain Gas Company declares a 6 percent dividend, totaling 10 percent for the year. New York Providence Boston Railroad declares a quarterly dividend of 2 percent payable August 10 to stockholders of record July 27, with books opening August 10. Mahoning Coal Railroad, leased by Lake Shore, declares its usual semi annual 1 percent dividend on common stock.
Western Farm Mortgage Trust Co Rogers manager announces 6 percent debenture bonds with semi annual interest on city and farm property. Principal and interest guaranteed. Address Congress Street Boston MA.
Foote and French Bankers announce an offer for sale or exchange of various marine railway and navigation company securities. Bonds include Merged Gold 5s due Pacific 24, Merged Gold 6s due St Joseph and Grand Island 1st, and Oregon Short Line 1st Gold 6s due 1925 1933 1922. Commission orders in bonds and stocks executed. 48 Congress Street Boston.
On July 27 New York money on call was easy at 1 percent with no loans. Prime mercantile paper in demand outside banks, while within city banks demand was light. Rates for sixty to ninety day indorsed bills were 4 1/4 %, four months’ acceptances at 5 4 4 6 6, and good single names with four to six months to run at 6 4 2 6 %. Bar silver stood at 91 1/2. Sterling futures dull at 4.85 4 for 60-day bills and 4.874 for demand. Government and railroad bonds were dull and steady. Stocks remained extremely dull as rain kept brokers from the floor. The notable move was a rise and recovery in C I T I & St Louis common, with strength in Chicago Gas. London higher. Chicago accounts cited for gains. Overall, small fractional declines early gave way to gradual improvement into the close, with railroad bonds showing little except Ohio Indiana & Western strength. Total sales about $255,000.
San Francisco July 27 official closing prices list many stocks. Best & Belcher 3.50 Gould & Curry 1.60 Chollar 1.40 Occidental 5.00 Union Con. 2.95 Sen. Cal. & Va. 7.25 Crown Point 2.20 Yellow Jacket 2.90 Sommonwealth 4.10 Seghaca 1.40
London reports mixed current trade results with Canadian Pacific at 58 4, Erie at 26, Mexican ordinary 654s, Milwaukee and St Paul common 7146, New York Centres 10844, Philadelphia and Reading Money 14 percent.
Market notes show steady to unchanged prices for most commodities including flour corn oats and butter. Fruits remain active in California while pork lard and meats show varied demand as hogs and lambs stay quiet and beef, beets, and veal trend slow.
Fall River reports weekly cloth business with production 175000 pieces deliveries 179000 on hand 7000 last week stock 11000 sales 66000 spot 28000 futures 35000. Prices listed at 315 16 cents for 64 by 648 and 37 16 cents for 66 by 50. Market firm and steady.
U.S. pig iron output for the six months ending June 30 surpasses prior years while surplus stock grows modestly. July demand remains active, foreign markets strengthen the domestic position, and prices at shipping ports and abroad show firm to rising trends across pig iron, steel, and related products.
Market notes show a marked decline in raw sugar prices during the week with further drops expected. Trade sources report resinitive demand softness and lower futures, signaling ongoing price weakness across cane markets.
Sugar refiners report a temporary decline with large raw sugar receipts and hopeful prices soon. Rio coffee remains unsettled with prices down to 1744c per pound. Brazil coffee stocks stand at 455,299 bags. Spices and teas hold firm with modest gains and steady demand, while rice and dried fruits stay quiet and prices largely unchanged.
Market notes on domestic grain carloads, flour receipts, and price ranges for corn oats and rye across Chicago New York St Louis and Minnesota. Lists quantities, freight terms, and bid offers, with firm spring and weak No 2 Red values and steady cornmeal and rye flour outlook.
The receipts of produce for today list butter totaling 630 packages and oleo at 104 packages.
Saturday market notes a dull trade with sales at old prices across butter cheese eggs beans potatoes hay and straw. Butter remains steady for high grades while common grades are weak. New York and Liverpool markets show mixed conditions with steady cheese and quiet egg demand.
Reports show ample supplies and steady demand for apples peaches pears and berries. Prices span from 0.50 to 4.65 per unit across varieties with Messina Palermo lemons Georgia Le Contes and Delaware Bartletts among listed, while cantaloupes blueberries raspberries huckleberries pineapples grapes watermelons and bananas are quoted with regional distinctions and varying box or basket prices.
Steamers Olympia Viking Brinio Marmion Kong Alf and Savannah boat are listed with fruit consignments for Seaverns Co Boston Fruit Co and others. Olympia carries Palermo oranges and lemons Naples oranges lemons. Viking and Brinio bring bananas. Savannah boat has 680 pigs fruit and 17 540 watermelons allocated to Curtis Co Morrison Chapin Farnum and Berlin J Cham. Marmion and Kong Alf due next week from Jamaica with bananas for Boston firms.
The California Fruit Union and Golden Gate Fruit Association sales report prices for Bartlett pears Beurre Hardy yellow egg plums and Crawford peaches. Auctions by Harris Co Snow & Co and Snow Co show pears at 237 42 dollars, 150 165 for Beurre Hardy, plums around 75 cents, and Crawford peaches mixed with quality. Three cars of pears peaches and plums to be sold Monday morning.
Receipts today show tallow, beef, pork, lard, hams, preserved meats, and bacon with varying quantities. Markets steady with New York pork quiet to steady and beef generally inactive. lard weak, refined quiet. Regional notes from Chicago and St Louis indicate mixed pork and lard pricing and softer dry salt meats.
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