New York Stock Sales June 7 Social Transactions
Social transactions totaled 211 244 shares. The report lists shares sold, opening, high, low and closing prices for today and the closing price yesterday.
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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jun 08, 1887
Page
6
Social transactions totaled 211 244 shares. The report lists shares sold, opening, high, low and closing prices for today and the closing price yesterday.
The Money Market remains quiet with moderate loan demand. Rates for call loans run 3% to 4% with collateral, and corporate paper around 4.5% to 6%. New York and Boston exchanges rise year over year, while government securities hold near 109% and 128% for certain issues. West End stock activity fluctuates amid remonstrance fears, with relief after Whitney’s intervention. several rail and mining issues show varied movements.
A writer urges investors to reduce copper prices and cut extravagant costs to fund rebuilding Lake Linden without stockholder burdens. He expresses willingness to contribute his own funds but doubts trustees will act, framing the effort as a noble cause connected to mine operations.
Boston and Lowell Railroad declares 30 percent dividend. New England Mortgage Security Company pays 3 percent on July 1. Richmond and West Point Terminal Company offers a semi annual 2 1/4 percent on its preferred stock.
London on June 7 marked steady to firm with Consols at 101 15 16 for money and account. Atlantic and Great Western shares at 46 percent, Canadian Pacific at 62 14, Illinois Central at 140 1/4, New York Central at 116 1/2, Pennsylvania at 67, Mexican Central at 18, St Paul at 94 3/4, Mexican ordinary at 63, Mexican shares quoted alongside other major rails and lines.
A condensed directory lists individuals and their firms across cities including Baltimore Chicago Davenport Davenport Detroit Dubuque Louisville Milwaukee Owingsville Owensboro Saint Louis San Francisco Savannah St Louis and more. Each entry pairs a name with their company or firm indicating a professional network across industries.
New York traders saw money on call ease to 3 5 with last loan at 3 and prime mercantile paper at 5 6. Government and railroad bonds stayed quiet to firm as the stock list opened weak but firming late. St Paul and Pacific Mail sparked activity then faded, with overall gains limited and the close steady to firm. Railroad bond sales reached 1 808 000, while several issues moved variedly including Jersey Central Debentures to 106 and Oregon Transcontinental 6s to 100.
A list of mortgage filings dated May 21 to May 26 across Roxbury Charlestown West Roxbury Dorchester and South Boston. Transactions include Everett Truette Catherine Truette John Tomfohrde William Preble Levi Hastings Horace Farrington Jank Frost George Poor Henry Lawrence Ashley Parker Albion Knowlton Barthold Schlesinger and others with amounts ranging from 5500 to 8500.
General Sherman in Washington cites a rumor from Cumberland West Virginia about a white man with a colored man asking for the price of selling an enslaved person. He notes the oddity of such an inquiry long after the war and says emancipation awareness seems unlikely to both.
Drs. Marshall and Longacre of Olney Illinois report using Hosford's Acid Phosphate to treat indigestion with good results. The comment notes positive outcomes from their cases.
Commercial matters show lumber in strong demand and potatoes in good demand. Flour, seeds, hay, tallow, molasses, and provisions are unchanged. Butter, eggs, beans, hides, and refined sugar show little movement while strawberries remain plentiful at low prices.
Receipts of Eastern lumber rise as shipments arrive at steady quotations and building activity boosts trade. Hemlock boards and shingles show light supply with firm prices. two inch spruce plank and timbers remain very firm. Western pine quiet yet demand for Southern and New England goods holds. hardwoods show good demand with steady prices. Week’s total lumber inspections reveal substantial stock in Boston while Northwest rafting hampered by low water. floods and fires affect timber regions, yet overall demand remains active and prices strong.
The weekly national crop bulletin notes favorable weather for growth with rains aiding wheat and corn, except parts of Illinois Missouri and Iowa where light showers occur. Hay tobacco regions in the Atlantic coast and Ohio valley report good conditions. Hail damage reported in Tennessee and Mississippi. insect injury widespread. Illinois Indiana Ohio Michigan Missouri Kentucky Wisconsin Minnesota Dakota Nebraska Iowa figures show varying condition percentages. overall spring wheat prospects strong in many counties with some drought and insect impact.
The flour market remains firm with full prices and strong demand, while corn trade stays quiet and prices hold. Reports cover grain in Chicago stocks, Liverpool clearances, Bombay and India wheat outturn, and Boston port clearances with mixed futures and spot quotes for No 2 white oats, steamer yellow corn, and various grades of flour, meal, and butter.
The Elgin butter market stands at 17c with 50 920 ths sold on call while St Louis shows inactivity. New York and Chicago butter are steady, Elgin creamery and Westen creamery report 17c and 12 14%4c respectively. Cheese demand modest with Utica active then dropping. St Louis lower, New York steady, Chicago quiet. Eggs show little change. Western receipts rise and bids on call list various firsts and prices. Potatoes and hay remain firm with dull trade. poultry, seeds unchanged.
Strawberries sold Tuesday at 10 15c with some poor lots. The train Wednesday morning will consist of twelve cars. A few Florida peaches in the market are selling slowly at 250 per crate. Russets apples priced at 3 70, 450. No 2 russets at 275, 300. Evaporated apples vary by grade from 15 to 18 cents. Valencia oranges 7 per case. Lemons Messina and Palermo priced 2 box 460. Florida oranges Bright 176 to 200 priced 8 50 per case. Bananas Paracoa 1250 to 200, Aspinwall 250 8 50, Jamaica 1 2 50.
Good demand for trucks noted while Bermuda potatoes receipts are light at 7.60 per barrel. Southern potatoes weak at 3.60 per barrel. asparagus prices falling with ample supply. Cucumbers strong at 8 cents each or 3.5 per crate. Bermuda onions abundant and dull at 1.25 per crate. Various items like cucumbers, beans, squash, and cabbages show mixed activity and prices across crates and per bush values.
Packed meats show no changes with markets quiet and prices firm. Lard and hams unchanged, fresh beef steady at the advance, pork and lard items listed with varied lots, and beef items priced from 4 to 10 dollars per unit.
Cotton market opened dull with declines and closed steady as June to January futures ranged from 5 36-64d to 6 62-64d. Spot Upland and Orleans opened easier. New York spot closed easy with middling uplands at 11 7-16c and lows around 10 9-16c. Futures in New York opened steady with scattered bid and asked quotes across months.
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