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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Mar 21, 1889
Page
6
The Boston money market moved to around 2 percent with call loans 24 to 4 percent, while New York exchanges rose sharply to 118.5 billion. Bond offerings totaled 84.1 thousand dollars with varied yields and several rail and copper stocks posted mixed gains amid a broader market recovery.
The column lists closing figures for bonds and mining stocks with multiple issues showing varied yields and prices. Several U S and Canadian issues are cited, including nav lists and railroad securities, alongside noted mining concerns such as Hock, Exchequer, Plymouth, and United Copper with price quotes and percentage changes.
Money on call remains easy from 2 to 2 1/4 percent with last loan at 2 percent. The stock list climbs with gains led by Lackawanna Louisville & Nashville Missouri Pacific Atchison and Burlington while Railroads stay firm. Afternoon rally lifts Pullman Chesapeake & Ohio first preferred and Denver Rio Grande among others before a quiet close.
The Bourne Mill Company declares a monthly dividend of 1 percent. Providence Gas Company pays a quarterly dividend of 2 percent or $1 per share. Dunkin Mining Company approves a quarterly dividend of 5 cents per share, payable April 15, creating a cash outlay of $10,000 and leaving a surplus of $27,000 to $28,000.
Boston dated March 6 1889 reports most First Mortgage and Income Bonds deposited under the January 30 1889 circular. Holders may still deposit until April 10 1889 at Boston Safe Deposit or Glyn Mills Currie in London to receive full receipts with per bond fees. after that, deposits require double fees. Levi C. Wade serves as President.
Official closing prices for mining stocks in San Francisco on March 20 list Bodie Consolidated 2.80, Chollar 0.90, Union Cal 0.827, Hale & Norcross 3.89, Yellow Jacket 3.90, Mexican 0.68, Commonwealth 2.40, Navajo 2.65, North Kelso 2.65, Opalites 7.51, with other entries shown in the daily rundown.
March 20 London markets show U S government bonds at 4s 131½ percent and 4s 131½ on the account. Canadian Pacific 49 Erie 25 Illinois Central 111½ Mexican ordinary 44 56 St Paul 63 42 New York Central 110½ Pennsylvania 55 Reading 22 Mexican Central firsts 71½ Money 244 22 percent. Open market discount 3 percent three months bills 2½ percent. Paris advices quote 3 percent rentes at 84 francs 87 centimes for the account. 2 p m stock market quiet.
Fragmentary OCR text shows street and hall mentions including zy and 8 North Market S¢ Poston and Fanovil Halli Market. Readable items indicate a public market fragment with vendor or stall references in a street grid.
Flour and rye flour are dull while oats and cornmeal show modest firmness. Eggs drop as butter and cheese hold steady. refined sugars surge while molasses remains strong and tallow weak. Poultry and pork firm, fresh meats largely quiet, and oleomargarine dull amid steady to active price signals.
Attendance fair and demand good at Antwerp wool sales on March 20. Details list Buenos Ayres selling 784 bales at 90 195f PB 100 kilos, Montevideo 83 bales at 140 910f, Uruguay 78 bales at 185 2001, and sundries 375 bales.
The Fall River strike continues to exert limited impact on New York cloth prices. Quoted values stay near steady with 64x64 cloth at 316-16 4c and 66x60 at 342 43 9-16. Prints and cambrics remain valued for arriving goods as cotton goods show steady demand and tone with active jobbers and brokers, though some dullness noted in regularity of orders.
The London horse market reports a steadier trade with improving demand and plentiful Western imports. Bowler's carload featured bay or brown driving and family horses selling up to 900, a saddle horse at 425, while Isburgh & Co sold near 100 head including trotters from 360 to 200. Walker's bazaar moved 150 head with singles to 456 and pairs to 600, private sales ranged 50 to 175. Moses Colman & Son posted more private sales for drivers, with 60 auctioned 60 to 22. Combination sale stable saw 7 carloads largely cleared, prices around 800 for heavy stock and 100 to 275 for lighter stock. Russell's sale called for good drivers 150 to 275 and draught horses similar. Welch & Hall disposed of 60 head at auction and private sale 100 to 275. International exchange sold 100 head from West and Canada with improving trade 125 to 250. H E Snow's wade fair with 4 loads of mixed draught express and team horses selling 100 to 800.
The Grain Markets in Chicago report shows wheat opening at the day’s low and closing near the high. Hutchinson emerged as a buyer and maintained purchases through the close. Farnum Reardon & Co note activity in the session.
Reports indicate large purchases near leading bulls and steamship charters for wheat in Baltimore. Prices declined or held flat as markets failed to rally, with May wheat around 35 cents and oats near 24 to 26 cents. CS Williams & Co list opening highs and lows for March to July, while New York and St Louis close with mixed cash and futures quotes for Wheat Corn and Oats.
Market dull with little trade interest as carload grain receipts total 39 today. Quotes cover flour types, corn, oats, wheat and rye with regional receipts from New York Chicago St Louis Detroit Milwaukee and Minneapolis.
Receipts today include 3305 packages of butter and 3300 egg pkgs. Butter prices show a range across creameries and dairies with Western and Vermont extra firsts leading, while eggs, beans, and potatoes also move slowly with no major shifts. The market remains quiet and prices largely unchanged.
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