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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
May 11, 1887
Page
6
The Boston money market shows easier rates with abundant loanable funds. Double name paper 4–5 percent, single name 5–6 percent. call loans 4–5 percent. Stock market steadiness cited, with Water Power active and long-range optimism for a bull move amid railroad and canal stock movements.
The Lowell machine shop declares a 3 percent dividend. Troy C and W manufactory Fall River declares 3 percent quarterly. Mercantile Fire and Marine Insurance Company declares 6 percent. Chicago and Alton road declares 2 percent quarterly on preferred and common stock payable June 1 to stockholders of record May 17.
Today's transactions total 177,082 shares as buyers and sellers moved listed stocks. The report tracks opening, highest, lowest and closing prices across the day with a focus on volume and price ranges.
New York on May 10 reports Mooney on call easy at 31% to 6 with last loan at 6 and close at 6. Bar silver 94. Sterling exchange dull. Government bonds dull but firm. railroad bonds quiet and strong. Northwestern, Fort Worth & Denver, Reading and New England lead activity. Market irregular but steady with fractional gains. after 2 p.m. East Tennessee and other names rise. overall close steady with modest gains. Railroad bonds total 1,408,000. Mexican Central incomes 180,000. Various firsts and incomes show modest movements across many names.
Fragmentary OCR lists several entities including United States 4s, Atlantic and Great Western, Illinoi Central, St. Paul, Reading and Pennsylvania with various numbers and percentages. The line ends with London, suggesting a place reference or dateline.
The quarterly check of Internal Revenue Collector Fitzgerald's office by Special Revenue Agent Morey shows ten months ending April 30 with receipts of $105,000 more than the same ten months last year, a figure exceeding the total internal revenue for Maine and Vermont in the prior year.
Dr. F. Skilleem of Pulaski Tennessee declares Horsford’s Acid Phosphate a reliable medicine for impaired vitality. He notes its effectiveness and endorses its use for men facing reduced vigor.
Lumber and most grains show firmness with oats and oatmeal steady or quiet. Butter cheese and truck demand unchanged or firm while eggs and some produce like beans potatoes and apples show minimal moves. Overall market tones indicate stability across commodities and livestock inputs with few shifts in prices or activity.
East and Northern lumber show light supply with steady prices and good demand for hemlock boards frame and lumber shingles and laths. Western pine spruce and southern lumber demand remains robust. six arrivals this week totaling 1,883,171 feet with Boston week readings across pine hemlock cypress white wood black walnut hardwood and other grades.
The May Department of Agriculture report shows winter wheat down overall from April 1 with regional variation. Drought and cold weather hurt Texas Arkansas Ohio while Tennessee Kentucky and the Middle Atlantic improve. Rye and barley standings shown. spring ploughing behind schedule on the Atlantic coast. Cotton planted exceeds four fifths of the proposed area.
The report notes a slightly higher than previous year but lower than correspondents at the date. State figures include North Carolina 70 Mississippi 84 South Carolina 80 Louisiana 338 Texas Florida 96 Arkansas 80 Alabama 88 Tennessee 90. Some areas report slow germination and poor stands due to drought at planting, with replanting quickly filling gaps under favorable weather.
The flour market remains firm though trading is slow with buyers paying quoted prices as needed. Corn stays firm with steamer yellow at 53 1 2 cents on spot, mixed at 52 1 2 cents, and outs firm. oats and bran/millfeed show steady to firm bids, with May oats sold in large parcels and closing Chicago quotes showing May to June movements across wheat corn and oats futures.
Butter markets show mixed activity with Elgin selling 40 410 pounds at 21 per pound while Philadelphia and New York list weaker quotes. Chicago holds steady with Western creamery and Eastern dairy varied. Cheese and eggs mostly steady or nominal. several regions report firm or easy tones in commodities like beans seeds hay and potatoes.
Freight notes show no strawberry arrivals by rail today. Remaining stock sold at yesterday’s prices. Two ships bound for Boston carry extensive Messina orange and lemon cargoes including the Prydian with 16 500 boxes oranges and 4 500 Palermo lemons among other lots.
A detailed record of prices and demand for oranges apples bananas dried fruits and Florida produce. Lists box prices per origin including Palermo Messina Valencia lemons and Key West, with notes on demand for truck summer squares spinach dandelions cabbages beans tomatoes onions turnips and rhubarb across regions and crates.
Pork and lard show steady prices with moderate to quiet demand and a fair fresh beef trade with little change. The report lists extensive price quotes for pork and beef cuts, lard in various pails and tiers, hams, ribs, tongues, and veal, with regional and market notes across May through August.
Liverpool cotton futures opened dull and closed steady with May to November bids around 5 42-64d. Spot Upland prices held at 5 11-16 to 5%4d. New York spot steady at 10% for middling uplands. Futures quotes hovered with May 10.73 and November 9.80 bid. PIPELINES certificates closed at 66 4/4. refined oil 64.4 c per gallon. Sugar quotes steady with various refined forms listed. Port exports at 9.51 bid and 10.70 opened futures.
Summary of the Boston Post report by George J. Fox listing prices for store cattle including oxen cows calves yearlings and steers and for sheep lambs hogs hides and pelts with classifications and quality notes. Includes ranges for milch cows, two three year olds, Western fat swine and spring lambs and explains grade distinctions.
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