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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Mar 10, 1887
Page
6
Boston money market remains firm with scarce loanable funds. Land shares led by Wollaston Land push market higher as traders weigh West End ties and impending stock movements while New York rail and utility notes show mixed strength amid a busy wagering day.
The Fall River Electric Lighting Company has declared a dividend of 8 percent.
New York Stock Sales March 9 reports Decatur Evansville won 134 to 112 and Western Pacific 6s traded at 1 to 116. Today's trades total 308,789 shares with opening, highest, lowest and closing prices listed.
London markets report various bond and stock figures with currencies in pounds shillings and pence. Consols quoted 100 13 16 for money and 101 1/2 for the account. United States bonds show 18 1/4 and 41 4/8 with fractional stamps. Major lines include Atlantic Gulf Western seconds 111.4 Canadian Pacific 62 Erie 34 4 or 1/4 Erie seconds 101 Illinois Central 180 1/4 Mexican ordinary 65 1/2 Read ing 20.
Money on call eased with late quotes at 4 1 4 percent and 60 day bills near 4 87. Stock list fell after 2 15 with Western Union the weakest, others drifting lower. Rail bonds were dull while Green Bay and Morris & Kasex dominated the day’s weakness in stock prices and several issue declines surfaced.
A list of buyers and their firms visiting Allegheny and other cities, including J A Lawrence of Lawrence May & Co in Baltimore and M H Kittredge of C L Kittredge Co in Detroit, with many regional names such as Rich & Beiderman in Birmingham and Kellogg in St Paul.
Mr Joseph Cook addressed a Beneficent Society gathering at Sleeper Hall on the value of Boston culture and climate. He urged encouraging Western young women to study music in a state with many more women than men, asserting education over marriage prospects and noting men are scarcer yet desirable in this context.
Washington Fire and Marine Insurance stockholders met at 38 State street to ratify the sale of the New England Bank estate property at the corner of State and Kilby streets. The syndicate offered 900000 dollars and guaranteed accommodations in a new building. the directors and stockholders approved.
Paragraph promotes gun use and whiskey sales, urging fair patron treatment and listing G. O. Tavley Old Bourbon or Pure Rye Whiskeys with signatures by Chester H. Graves & Sons. Mentions unbranded cases sent on request and discourages firearm use for patrons.
Leather trades rise with stronger demand in sole and rough leather while finished calf skins and hides move slowly. Export demand lifts sole leather and buff leather shows firm demand, but rough calfskins and domestic hides remain muted as prices hold near last quotes.
The boot and shoe market shows slight improvement with large buyers arriving and more on the way. Free shops prepare for rapid production, while factories vary in staffing. Brogans, plough shoes, calf boots, and slippers remain in demand. Haverhill lowcuts active. polkas quiet. lighter kid and goat lines pickup. Southern trade prospects look positive. Western markets report strong seasonable sales. Lynn gears up for next season. Haverhill labor troubles unsettled but likely soon resolved. Rubber trade draws interest ahead of the syndicate dissolution on the 31st. Goodyear to sell own goods. Woonsocket sells a factory. market expected quiet until month’s start.
Wheat markets in the West show improved sentiment with higher prices though trade stays quiet as buyers resist elevated asks. Corn remains fair with steady to higher prices for steamer yellow and steamer mixed, while oats firm up with No 2 white oats priced around 84 to 87 cents and track lots at 69 cents. Sales on call included 2700 bushels cash at 37 3 4 to 38 38 cents and 2700 bushels April at 35 7 8 cents. Inspections totaled 36 cars across several grain types, and UK and Atlantic port trade figures for wheat corn and flour are listed for recent weeks.
The report shows butter prices largely unchanged with light fresh-made receipts and firm New York demand. Cheese remains firm while eggs edge lower in Chicago and steady in New York. large Western egg arrivals displace Eastern lots. Prices for beans, potatoes, hay, and poultry hold steady amid ample receipts and steady wholesale quotes across multiple regions.
Market reports show firm pork prices with steady lard and hams as well as unchanged other fresh meats. Prices for pork, lard, and fresh beef are listed across March through June with varied figures for cuts, tongues, ribs, and plate items reflecting a stable overall market.
Auction reports show Valencia fruit on steamer Australia selling up to $6.50 per box for large and extra large, with Lona shipments lower. Florida oranges fetch about $1.35 per box, while several apple varieties and dried fruits command diverse prices. Peanuts pecans and nuts appear with mixed bids as market notes warn some fruit started but still high prices.
Liverpool cotton futures opened dull and closed steady across months from March to October with prices ranging 5 16-64d to 6 16-64d. Spot uplands and Orleans in the U S opened quiet and unchanged with mild upland prices around 55-16d. New York spot closed quiet with middling uplands near 91 8-16c and low middling around 97-16c. Futures in New York opened steady with bids and asks across March to December, and the market closed firm. Pipeline certificates, sugar and molasses prices and volumes are reported along with refiners’ quotes and shipper statistics.
The Boston Post reports, for week ending March 9 1887, cattle sheep hogs totals at Brighton and Watertown yards. Arrivals include 7 cars of West sheep, price ranges for market beef store cattle and milch cows, and notes on cattle movement restrictions and permits by commissioners.
The report lists numerous livestock owners across Maine New Hampshire Vermont and Massachusetts with counts of cattle sheep and at times oxen. Notable totals include J M Weeks 10 cattle W W Hall 17 cattle and R E French Co 20 cattle 500 sheep among others.
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