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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
May 30, 1887
Page
6
Boston markets report a quiet week end with little rate change. New York funds traded at a modest discount, clearinghouse lending steady at 8 percent, and Suffolk county courthouse loan bids opened with multiple banks and trusts offering varied prices. The week’s clearings and balances show gains over last year, while stock activity remained dull with limited gains in several large issues.
The Brush Fleeting Aluminating Company of New York declares a quarterly dividend of 2 percent. The Boston and Albany Railroad Company announces a dividend of 2 dollars per share. The Boston Exchange Company declares a final dividend of 4.25 dollars per share. The Delaware and Hudson Canal Company declares a quarterly dividend of 1.44 percent.
Sale totals from brokers in Boston list mining and miscellaneous stocks. Names include Moly, Antimony, Lord Acoustic Telephone, Barton Stock Car, Bruns Ships’ Berth, Am. Elec Mafg, Empire and others with varied prices and percentages, reflecting trading activity and interest among mining firms and related industries.
Consols quoted 1089 16 for money and account United States 4s 18213 Atlantic Great Western firsts 4814 4 Canadian Pacific 64 Er ie 367% Erie seconds 10414 Mexican ordinary 64 St Paul common 94 New York Central 116% 3 Reading 25%. Discount weak at 1 4 stock exchange loan rate to next account 2 142. Week's business inactive but upward tendency after holidays. Indian stock conversions may lift consols. Dealings reached 10358 yesterday. Egyptian convention lifted Turkish securities to 142. yesterday 3s rose 58 Virgin ia 1%. American railroads dull and closing heavy.
Money on call eased at 3 to 5 percent, last loan 4, closing 3. Prime mercantile paper 5.6. Sterling and government bonds steady. Railroad bonds quiet to firm. Stocks traded lightly with near unchanged directions until bank statement released, then modest gains and a firm close. Rail bonds sold about $694,000. several issues advanced modestly. New York Stock Sales May 28 show 69,146 shares traded. list of shares sold and opening prices follows.
A list of shoe buyers and sales agents in multiple cities, naming individuals and firms from Altoona to Toledo. The records include J A Curtis of Fox Curtis Athens GA, O W Baldwin Baldwin Fleming Buffalo NY, T T Ramsdell Ramsdell Sweet & Co Brun, N A Hunt NA Hunt Co Cedar Rapids IA, A B George Chosen, J H Ls C Chicago, W M F Prouty G P Gore Co Chicago, Goldsmith Stein Co Ad, W W Laws & Co Ad Cincinnati, B and H B Sachs Sachs Tre, S P Bryant Bryant Co Re Dubuque IA, E B Pickenbrook Ad Denver CO, H Plousky Burton Bros Pa, V Hendricks Hendricks & Cooper Re Indianapolis, A Jones Jr Jones McKee Co Ad, Branham KeKee Branham Vo, E F Beals Beals Torrey Co Milwaukee Beals, J M Hill Hill Co Ad, H Bernstein Re Yeoria Li Baner Baner & Trefzger Yo, W P Upham Upham Gordon, A W Tedcastle R G Clark Co Reading, J W Curtis Curtis Jones Savannah GA L Collar Collar Bros St Louis Shafer Adler Frank Co Pa, M I Cahn Cahn Mikelsburg Co Ad, S W Rosenstock Rosenstock Co Tre, A E Nettleton Ad Syracuse NY Nettleton Ad Toledo O S W Nettleton Ad.
Harvard's varsity crew will test a newly imported English eight oared racing shell. The cedar boat, brought to Cambridge three weeks ago, features traditional gunwales and wooden thole pins, a flat bottom, and a light crew design. While promising craftsmanship, the finish lacks, and expect gutted rerigging after the first trial to match American ideas.
The Suffolk county court house loan bids were opened by the city treasurer at noon Saturday. Franklin Savings Bank offered multiple $50,000 tranches at 108 10, 107 10, 104 70, and 102 40 at 4 percent. Sarah E. Butler bid $5,000 at 100. Five Cents Savings Bank submitted $800,000 with 1,000 bonus or 1-3 of 1 percent. New England Trust Company bid $400,000 at 100 64 and $460,000 at 101 36 1 2 percent. Blake Bros. Co and partners offered $800,000 at 100 27 34 percent. The contract was awarded to the New England Trust Company.
Dr George McKnight of Hannibal New York reports using Horsford's Acid Phosphate for nervous exhaustion with satisfactory results. The endorsement highlights a medical use and positive outcome attributed to the product.
Pig iron unchanged while steel plate remains in fair demand and nails stay fairly active. Steel rails fall, tin plates quiet, copper dull, pig lead strong, zinc scarce. Flour firm, corn dull, oats easier, butter sluggish, cheese dull, eggs steady, beans quiet. Seeds and hay steady, potatoes in fair demand, straw unchanged. Tallow quiet, apples dull, plentiful strawberries at low prices, truck in fair demand. Provisions steady, raw sugar steady, refined sugar very firm, molasses unchanged.
American pig iron and steel products remain steady with uneven foreign demand. Exports of British iron and steel in April rose to 321,278 tons while total value edged up to £1,917,263. U.S. imports remain a major market. Prices for pig iron and tin plates are firm, copper dull, lead strong, zinc scarce.
Flour market remains firm with mills pushing higher prices while buyers hold. Corn is weaker with sales at lower prices. oats quiet with slight easing. Closing calls show bids and asks for No 2 white oats and various wheat and corn grades. inspections include mixed winter and steamer yellow corn.
The market report lists prices for rollers, patents, export rates for Canada shipments, corn meal, rye flour, oatmeal, and various milled grains. It notes domestic and export terms, bag and bulk pricing, freight terms, and upcoming spring demand with ranges for oats, malt, and hops reflecting 1885-1886 context.
Butter prices remain steady with receipts ample, while New York is weak and unchanged. In St Louis Elgin creamery at 18 18 2c, Western dairy 14 165cc. Cincinnati fancy creamery 17c and dairy 2 1se. Cheese mostly steady in New York at 10 12 to 10 5c. St Louis cheese dull and declining to 9?c. Eggs firm in New York and Cincinnati, and St Louis 9 2c. Seeds, hay, and potatoes firm with light receipts. market overall quiet with dull tones for butter and cheese, and stable egg prices.
Truck trade remains fair for various trucks while asparagus supply is good and activity dull. Prices vary: cucumbers steady at 6 dollars? per crate, Bermuda onions around 15 dollars per crate, carrots about 1 dollar per bush, native spinach and dandelions at 25 cents per bush, and beans, beets, and tomatoes showing mixed demand with several items selling slowly or at low figures.
The report outlines stable provisions with mixed quotations in Chicago and a West hog packing total near 200,000 for the week, above last year’s 220,000 and last week’s 175,000. Cattle averages show demand steady as shipments to Eastern markets improve, with Nebraska operations expanding. By June end, overall packing may dip vs last year, while June supplies should remain ample though tightening could begin.
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