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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jun 06, 1887
Page
6
The Money Market notes quiet trading with rates steady across call loans, corporation paper, and mercantile paper. New York funds discount and bank reserves shift while clearing house totals show a robust week. Atchison and western stocks move higher amid mixed London and Mexican debt activity.
New York traders saw brisk activity on a short Saturday with gains led by Fort Worth & Denver and Virginia Midland while Richmond & West Point fluctuated. The session featured heavy railroad bond dealings, a mixed but firm tone, and a note on cash reserves that may limit bull speculation through summer. A Belfast & Moosehead Lake dividend of 5 percent on preferred and 14.5 percent on nonpreferred stock was announced.
Mining and miscellaneous stocks show movements from Wilson W. Fay & Co. in Boston. June 4 sales include Am Elec, Bruns Antimony, Empire, Standard Water, Burton Stock Car, and related shipping and telecommunication names with varied quantities and prices.
London on June 4 and 6 reports mixed stock activity with Atlantic and Great Western, Canadian Pacific, Erie, Illinois Central, New York Central and other rails showing varied quotes. Discount rates stayed inactive, and the foreign department showed brighter outlook on continued continental peace as American railroad securities drifted with a late uptick possible.
Beacon Street and Beacon Street adjacent parcels exchange hands with Boston City uploads between Francis W. Lawrence Henry Vey Sarah E Lawrence and Jenry M Whitney May 23 28000 plus several other transfers in Dorchester East Boston South Boston and surrounding streets with prices ranging from 1 to 40000 including mortgage backs and back transfers May 23 24 1884 across multiple streets and properties in the Boston area.
George F. Pinkham lends to Emily W. MacDonald on Elm Lawn Dorchester for 1200 dollars. Thomas C. Brundage mortgages land on Shirley avenue Revere for 1600 dollars. Hattie M. Davis mortgages Crest avenue Winthrop for 100 dollars. Fred T. Boynton mortgages Tatvere property to Charles H. Hersey. Joseph Arnold to Isaac Pratt mortgages Gardner street Allston for 5000 dollars.
A string of names from Chicago Detroit Indianapolis Louisville St Louis San Francisco and other cities lists brokers and firms including Wells Seixas Goldsmith Sutter Large Jones McClung Collar Shafer Rosenstock Perryman Boyd and Collat in a high level market competition roundup with no explicit actions or outcomes.
Pig iron and tin plates hold firm or quiet with mixed demand. Copper and cheese soften while eggs rise and potatoes show good demand. Straw in supply, strawberries plentiful at low prices, sugar steady to stronger, molasses unchanged, and nails and truck in fair demand.
A creditors meeting for Ferdinand Gel dowsky, East Cambridge furniture maker, reported liabilities around 57000 and assets about 75000 excluding mortgages. An extension of 5 10 171 and 2 months was unanimously granted to Geldowsky to allow creditors to be paid in full and for the business to continue. Several other insolvencies and assignments are noted in related notices.
The State's grounds at Framington prepare for the First Brigade which goes into camp next Tuesday. The First Infantry will parade in Boston this morning then travel by train to camp with Reeves's Band and drum corps assembling at 9 15 a m on the Common at Boylston and Tremont. They will march via Tremont Weet Summer High Congress Milk Broad State and New Washington to Fitchburg station. The Second Infantry under Colonel Bridges drills at South Flamington and aims to reach camp around noon for an afternoon of work. On Tuesday morning the regiments will resume moves as other commands arrive.
In the latest market report there is little change across pig iron and steel plate prices. No. 1 pig iron remains scarce with steady quotes, while exports to Europe bolster the home market. Lead climbs to 4%4c per carload, with limited supply, and speeder demand notes for spelter and sheet zinc.
Opening, highest, lowest and closing quotas quoted yesterday. Closing quota matches last year’s same day. No session Monday due to judges' election proceedings.
There is no change in the flour market with firm tones and steady demand. Spring patents sold at six twenty. corn quiet with prices steady. oats steady with firm prices. Call bids shown for No 2 white oats range from 39¾ to 41¢, and July and year oats trading around 63½ to 69½¢. Rail shipments and passages for June 1 1887 and weekly totals reflect continued exports to the United Kingdom and the continent. Prices for flour and corn products listed across multiple grades and regions.
The notice lists six rowed State and eight rowed Canada Western seeds with prices 66 70c and 80c respectively, Hoy 9 12c P th for choice 1855 Eastern and New York, with 1886 choice at 20 22c and ordinary medium at 10 18c.
The market shows steady butter with on call bids in Cleveland and Philadelphia. Prices: Western creamery 18 19c, extra firsts 17 18c. Vermont dairy 15 16c. New York unchanged. Cincinnati creamed 19 20c, 17c dairy, 12 13c. Cheese quoted New York extra 10 44 11c, Vermont extra 8 9c. Eggs: St Louis 1c, New York steady, Cincinnati 14 15c, Island 14 14 2c. Beans, hay, and potatoes firm with good demand. steamer Monday. Prime prices for beans and hay unchanged. Apples and fruit show little change. bananas and cocoanuts sold from Baracoa cargo at $125 and $3250 respectively.
The report shows varied demand and prices across vegetables. Asparagus at $1.20 per dozen raws, Southern beans $2 per wax crate and 75 cents string, tomatoes and other items listed with crates and per bushel or per bush prices. Norfolk boat shipment details include crates of cabbage beans peas and other produce with assorted unit prices.
The Trade journal reports no change to note in packed meat with prices steady. Fresh beef prices firm with an upward tendency while lambs are weak and muttons unchanged. The Drovers' Journal lists May 1587 hog packing by inch packers and summer set dates with comparative figures, and notes a total packed in Chicago for the first three months of the season at 685,753, down 121,051 from last year.
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