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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jun 12, 1888
Page
6
The Boston money market opens with easy conditions and nominal rates. Time paper quotes 3 to 5 percent, most at 4 to 5 percent, call loans 2 to 4 percent, and New York funds trading near par to a small premium. Local and New York exchanges show declines from last year, while the weekly bank statement indicates a mixed average with a small reserve loss and modest increases in loans and deposits.
West End Street Railway Company announces semiannual 4 percent preferred stock and 6 percent common stock payments due July 2. Payers should note the dates and rates for the respective shares.
Auction listings from Williams & Co Boston show extensive securities to be sold on Wednesday June 15 1855. Items include Metropolitan Nat Bank shares Killeg material, railroad company bonds, city of Boston water loans, various bank and railroad stocks, mining names, and assorted certificates with quantities. The note lists names, shares, and bond types among the numerous offerings.
San Francisco closing prices for mining stocks June 11 show AVL at 42.05, Bodie Consolidated at 2.36, Chollar at 4.10, Sierra Nevada at 3.80, Union Consolidated at 3.46, Crown Point at 4.51, Gould & Drury at 3.70, Yellow Jacket at 4.85, Hale & Norcross at 7.00, North Belle by, and Mexican at 3.90.
United States stocks edge higher with 414s at 10914 and Erie at 2442 while Illinois Central rises to 121%4 and New York Central to 107% New risks in Canada with Reading at 20%5 and St Paul at 65. Short and three months bills discount at 1 14 percent in open market. Paris rentes at 83 francs 32Y4 centimes and London exchange at 25 frances 29 centimes for checks. Bank of England bullion additions total 30000 pounds. Berlin reports Imperial Bank of Germany specie up 12 320 000 marks.
Money on call eased 1 to 2 percent with last loan at 1 percent. Manhattan stock led losses, dropping over 2 percent as market closed weak at day’s lows. Railroad bonds quiet. East Tennessee 1sts rose to 125.24, Michigan Central 6s to 130, Texas and New Orleans Mabine 6s to 103 amid broad declines. Total NY stock sales 298,420 shares.
Urica New York sales show cheese at 7 9 16 cents, 8 8 14 cents and 8 0 per box, with 1100 at 89 80 and butter mostly steady around 20 cents per pound. Little Fars reports 2750 boxes at 8e and 4100 at 8 4e with dairy butter prices around 17 to 19 cents and 15 creamery packages at 18 cents.
Health Commissioners Durgin and bab bitt led a citywide spring-cleaning inspection focusing on Shaving Street and Quiet Alley tenements. Filthy, poorly ventilated houses were remodelled to improve light and air. one owner who failed to comply may face eviction orders for three properties.
The Fifth Regiment Veteran Association schedules a reunion on Wednesday June 27 marking the regiment's twenty fifth anniversary return from the South. A trip to Lexington is planned with a large tent on the Massachusetts House grounds for members. Major Loring W Muzzey hosts arrangements for a peaceful, successful event and attendees must report to the committee by Monday June 18.
Soloist Signor G Campenari, a popular baritone, will sing an aria from the Barber of Seville tonight. Overtures include Tannhauser Wagner Orpheus aux Enfers Offenbach William Tell Rossini Jubilee March Bilse and light numbers by Bizet Delibes Strauss. The Harvard Glee Club will attend the concert on Wednesday June 20 and contribute vocal numbers.
From London and Liverpool reports dated June 11 1911 grain markets show wheat and corn activity quiet with slow cargo shipments. Prices held or edged lower on wheat and corn as demand remained weak, with mixed quotations for various wheat grades and steady cheese lard and pork prospects in Liverpool trade.
Detroit S C Sutter of HF Haldwin & Co treasurer Lexington Bassett of Bassett & Sons Lafayette Murphy of Murphy & Comstock Little Rock J Wolf Wolf & Lro Meridian J Baum J Baum & Co Francisco Feder Rosenthal Feder tre Savannah Theo Collat Collat Bros Et Lots I S Powell Wheeling G W Boyd Boyd & Co presented as a roster of figures in a regional trade notice.
Flour and corn dip slightly while oats stay steady. Butter and lard advance, eggs firm, beef steady with fresh beef higher. Pork and veal steady. mutton and lambs quiet. Poultry quiet, fruit prices firm with oranges steady and lemons fair. Truck activity remains strong and refined sugars buy-active while raw sugar holds firm.
Trading in Chicago markets showed a downbeat day as wheat eased on weak mill demand and rising visible supply. Corn remained pressured by ample receipts and high prices, while oats weakened in step with corn. Provisions stayed light with uncertain officials' crop data failing to move prices.
The boot and shoe trade remains dull though some West orders show improvement. The manufacturing season ends soon with many hurry orders and duplicate fills. Wax boots and heavy shoes sell well while calf goods lead. women's lines and slippers see rising demand. Rubber trade stays selective with national contracts heavy and tennis sports goods in strong demand.
Boston market report for June 11 shows dull flour trading with small lots. bid levels listed for various flour categories. Grain stocks in Boston elevators and Chicago exchange figures are provided. several regional markets report steady to lower prices with quiet demand across wheat and corn, including specifics on spot and futures quotations and receipts.
The report shows a weak market with prices lower across cereals. No 2 whites and oats show declines. stock levels rise slightly in Boston Albany and Hoosac tunnels. Sluggish demand limits ship prices. New York and Chicago receipts and bids reflect a soft, unsettled trading day.
Butter prices steady across Western creameries with receipts tight and ready sale. Western creameries quote 21¢ for choice, 18¢ for imitation. Western extra fresh 20–21¢. firsts 17–19¢. Vermont ranges 18–21¢. Cheese and eggs markets also firm with quiet demand. various regional quotes listed.
The steamer Hertha arrives June 12 from Barecoa with bananas for W. W. and C. R. Noyes. The Marmion docks June 13 from Jamaica with bananas for the Boston Fruit Company.
Apples show tight supply dominated by russets. Pears and peaches scarce, with small shipments. Oranges and lemons steady but limited, trade active at typical wholesale levels.
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