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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
May 19, 1888
Page
6
A notice announces $100,000 City of Peoria bonds issued to refund maturing Water Loan bonds and marketed as a legal investment for Massachusetts Savings Banks. A separate ad seeks a partner for a wholesale drug business inviting a capable young man with nominal capital up to $3000 and requests responses to Box 1882, Boston.
The closing prices and auction sales list numerous securities with trustees and administrators ordering the sale. Stocks include Faneuil Hall National Bank Portland First National Bank Mechanics National Bank Chelsea Road 640 shares Pratt Mans Co and Adams Express among many others. The day showed firm to strong tone with total sales around 1 280 000 dollars and notable price movements across Chicago and Kentucky issues.
Boston money market remained quiet on May 18 with 2 percent clearing house rates and general time loan ranges from 3 to 5 percent. New Commercial Bank charter pursued. gold and treasury figures shown. foreign exchange strong with cable at 4.89 percent. Local stocks dull until Washington bond purchases lifted sentiment. Texas and Western rail names discussed with shifts in Atchison and Chicago lines. Copper and other metals activity noted, along with earnings and mileage data for several regional railroads.
The Utah Territory invites bids by 12 noon on the 81st day of May 1888 for 150 bonds of one thousand dollars each bearing five percent interest semiannually. Principal payable within twenty years, redeemable after ten. redemption fund of fifteen thousand dollars annually after ten years. Bonds fund educational institutions, exempt from taxation, with bids to highest bidder and bidder security required. James Jack, Territorial Treasurer.
The office of the undersigned will issue new registered bonds due January 1, 1938 bearing 4 percent interest per annum payable semi annually at par and accrued interest from January 1 last. APRIL 24, 1885.
Money on call stays easy with last loan at 2 and 60 day bills at 4.8644. Government and railroad bonds hold quiet but firm. Stocks trade mostly dull with St Paul and Reading leading gains before closing at near day’s highs. Reading and St Paul show notable activity late.
In San Francisco on May 18 the official closing prices for mining stocks show Chollar at 1.20, Mount Diablo 3.50, Altar Best & Belcher 4.45, Navajo 4, North Belle Isle 4.05, Commonwealth 4.40, Ophir 7, Crown Point 6, Savage, Gould & Curry 4.35, Sierra Nevada 4.40, Grand Prize, Hale & Norcross, Mexican 2.15, Union Con 1.66, Utah 4.40, Yellow Jacket 0.85.
London and Berlin market notes reflect U S 4s at 129 1 2 percent and 4428 109 percent with Atlantic & Great Western issues and Erie quotations. Parish advices list 3 per cent venues at 82 francs 57 centimes. Open market discount at 4 percent. Par silver at 41 1 2 per ounce. Berlin bank reports an increase in specie of 16 880 000 marks.
Appleton Rosmeisel J & M Rosmeisel Craw Baltimore Mullen Tucker Smith & Co Ad Dixon WT Dixon & Bro Ad Patterson Ren shaw & Co Ad Challis J T Challis Ad Smartt G M Smartt Bros & Co Ke Oehrig John ston & Co Re Podge Phelps Dodge & Palmer Ad Wallace J D C Wallace Ad Rosenthal Goldsmith Rosen thal & Co Rd Chilligothe Oehrig Miller & Co Ad Hunt N A Hunt & Co Ad Fourtius N O Stone Cincinnati H H Simpkinson J A Simpkinson & Co Ad Thorne W F Thorne & Co Ad Davenport S P Bryant & Co Re Evansville WJ allam & Son Gallipolis W H Andrews J Dages & Co Tre Kansas City R G Wallace R G Wallace & Co Macon I Dannenberg Pa Mobile Wollner Wollner & Lowenstein Re Meridian I Marks Rothenberg & Co Re Pittsburg J R Gregg Gregg & Elliott Re Pittsburg H Childs Jr H Childs & Co Ad Huston W E Schinerty & Co Philadelphia H F West GH West & Sons Am Philadelphia BE S Reeve Ad Pittson Mark McDonnell Craw Richmond P E Frank Southern Shoe Co Rochester D M Hough Hough & Ford Rd St Lo Mo Joseph Baum J Baum & Co Pa Co St Joseph A I Smith Smith-l'razer B 8 Co Qu Curley Tootle Hosea & Co St Paul O Henry Foot Schulze Co Am San Antonio L Oppenheimer M Halff Bro wa Wilmington F Rheinstein F Rheinstein & Co Pa Williamsport J E Dayton J E Dayton & Co Ad
Commodity prices and demand shift across grains meats produce and supplies. Flour oats corn meal and rye show firmness while hops and cheese stay quiet. Butter eggs lingers firmer. pork lard and beef mix steady to good demand. Truck demand strong as raw and refined sugars hold firm with steady molasses.
Wheat rose to a daily high despite mixed trading as foreigners cover July while longs soften late. corn oversold recently. lard strength lifted the meat market. Receipts and futures activity cited with extensive price ranges and regional quotes across Chicago New York St Louis Detroit and Milwaukee markets.
The fish market shows no improvement with weather delay and incoming fish. Mackerel supplies shrink while codfish and canned fish stay firm or unchanged. herring demand quiet for barrels but steady for boxed lots. Week ending May 18 receipts show mackerel, herring, alewives, codfish, and lobsters with varied figures. First mackerel of the season landed May 10 at Barker weir. Lobster fishery at Barrington reports fair freights and falling prices, while Ipswich clam industry expands, and Mattapoisett River weir sees a waning herring catch. Boston quotations unchanged from last week.
A sweeping market summary notes flour prices and demand across regions. Details span domestic and export quotes, with mixed tones of firmness and dullness. Butter and eggs show tight supply and firm prices, while corn and beans in various markets remain steady to firm.
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