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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jun 20, 1889
Page
6
The money market remains dull with low discount rates. Exchange totals show gains year over year, bonds firm in New York and Boston. Atchison stock slips while Union Pacific reports April earnings and various railroad issuances and rates are noted.
Cutting Car Company declares 2 percent quarterly dividend payable July 1 to stockholders of record June 19. Ade Salmon Falls Manufacturing Company pays $9 per share on July 1 to stockholders of record June 19. North End Devings Bank offers 2 percent semi annual dividends payable July 1. Atlantic Cotton Mills pays $3 per share on July 1 to stockholders of record June 19.
Consols at 97 18 16 for money and account. Atlantic & Great Western firsts 3154, Canada Pacific 567%4, Erie seconds 10614, St Paul common 73%, New York Central 111, Pennsylvania 53, Reading 245%. Open market discount rates 142 for short bills, 1% 17-16 for three months. Paris advices show 3 per cent rentes at 85 francs 574% centimes. Bank of England bullion balance today £33000.
The general offices will move to 45 Broadway New York on July L next. After that date all transfers of the company’s capital stock must be presented to United States Trust Company of New York transfer agent and registrar at 45 Wall Street New York. J A Williamson President Boston June 18 1889.
The Milwaukee Commissioners of the Public Debt invite sealed bids for five hundred bonds of $1,000 each issued under ordinance No 45 1889 to fund schoolhouse construction. Bonds dated July 1 1900 bear 4 percent interest with semiannual coupons and retire five percent annually. Bids due June 20 1889 at 10 am, bids to be opened with the City Comptroller. delivery July 1 1889. right to reject any or all bids reserved.
Corrected quotes and last sale figures issued from the official reports of the Boston Stock Exchange.
Money on call easy at 2 2 percent, prime mercantile paper 3 to 5 percent. Bar silver 92, sterling steady. Government bonds dull, railroad bonds active. After noon sale activity rose then slipped to day’s lows. St. Paul and New England led losses while Oregon stocks advanced. Close showed general weakness with most issues at low prices. notable gains and losses listed among rail and steel stocks.
The report cites Colorado and Cincinnati Midland achieving one first each at 92 in St Louis, with Arkansas and Texas also recording firsts at 80. It also mentions seconds at 28 and another first at 1% alongside these figures.
The report lists varied commodity signals with firm leather and flour while corn rises and oats ease. Other goods show mixed activity including staples like butter cheese eggs and sugars remaining steady or quiet. Livestock and truck movements show steadier or firmer trends amid overall modest shifts.
The Print Cloth Market in Fall River reports prices firm at 3% for 64x64 spots and contracts through October, with demand outrunning supply. Spot goods total about 10,000 pieces available.
Cable from London reports large attendance of English and American buyers at wool sales. Prices favored sellers with Cape and finer cross breds up modestly. total 14,562 bales offered across Victoria NSW Queensland South Australia Swan River New Zealand with varied prices per run and wool types.
Readable text lists bales and prices for greasy and scoured goods, including 400 bales from Tasmania and 8800 bales from Cape of Good Hope and Natal, with decorative monetary values and conditions noted. Names and exact destinations are fragmentary.
Market notices show little change in the boot and shoe market with fall orders closed by manufacturers. Duplicate orders keep some activity, jobbers press for prompt fills, and Western wholesale trade remains strong as a large house in June ahead of last year. Southern crop prospects improve but uncertainty remains.
The leather market remains strong with no notable price increases and buyers avoiding concessions. Flood-related transport delays keep crop-sole receipts low despite larger weekly arrivals, while export demand supports steady to higher prices for various leather types and finishes.
Western butt hides weaken with quotes around 544 5%4c and sales at 544c. Seconds and Bs fetch lower offers from 4 4%4c while the market sits near a low point. Southern green salted hides arrive slowly with sales around 4c. southern dry hides quoted up to 8 8%ac with some sales at 8c. Montevideo and Buenos Ayres hides steady. Heavy prime sheepskins move at full figures. others only fair demand.
Trade in rubber boots and shoes advances slowly while totals meet expectations. Raw rubber shows no change as markets stay steady, supported by a strong statistical position. Prices cited include fine Para 66 67 cents for new and 66 cents for old. coarse Para 42 42 ½ to 46 cents for old.
Chicago reports July wheat opening at 77% to 78c, then a selloff as supply grows and weather boosts bearish sentiment. Crowds buy on Hutchinson tips, but the day ends near session lows with calls for lower prices amid spring and winter wheat outlooks. Corn stays firm on light receipts, hog futures weak after selling pressure.
Horse dealers report fair sized trade with varied prices across shops. Isburgh & Co sold 125 head at 300 down to 60, and 10 pairs of carriage horses from 300 to 550. Walker's bazaar moved 56 head with highs at 250, others to 40. Several stables note good arrivals yet market appears unsettled amid large consignments.
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