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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Nov 01, 1887
Page
6
The Boston money market closes firm at the clearing house with 5 percent on call loans and 6 percent on time paper for regular customers. October and year-to-date exchange figures show sizable activity, while the local stock market remains dull outside copper with mixed results. News notes include commentary on Jay Gould’s trip, Atchison stock movements, and railway case rulings.
The article reviews 1887 earnings and bond activity, noting Oregon Improvement Company gains, copper miners like Huron and Calumet & Hecla rising, and a copper boom on the Boston and New England stock exchange. It details ingot copper output, stock declines, and copper price movements in London and Boston with monthly and yearly comparisons.
The Union Cotton Manufacturing Company of Fall River declares a 5 percent dividend. The Otis Company and the Columbian Manufacturing Company each declare a dividend. The Erie Telephone Company declares a quarterly dividend of 76 cents per share. The Robeson Mill Company of Fall River declares a quarterly dividend of 11 percent.
Today's New York stock sales total 205000 shares. The report lists shares sold with opening high low and closing prices for each, along with yesterday's closing.
The yearly directors report shows gross receipts of 627 011 or more than last year with net 63 763 89 and a profit carry of 211 64423. Ten locomotives and many cars were purchased while stone stations rise at Allston Newton Highlands Ashland and Chatham.
Canned goods and dried fruits show no material change with firm prices. Harford County has local surplus and easier supply. tomatoes weaker. NY second hands quote 105 dollars, pumpkin sold at 1 dollar locally, and Ohio packers buy pumpkin for factories at 250 per ton. Currants, dates, and raisins face mixed demand with occasional rises.
Money on call easy at 3 to 6, last loan 4 and closing 4 percent. Prime mercantile paper 6 8 percent. Sterling around 4.82 for sixty days and 4.85 on demand. Government and railroad bonds dull or steady. Stock market very dull after 2:15 with minor recoveries and late selling heavy. Notable quotes include Jersey Central consols 116, Harlem 131, Missouri Pacific 3121/4, Green Bay 31 1/2, and Texas & New Orleans 100 with various d seeds.
Atlantic and Great Western firsts at 39 percent per share, Canadian Pacific 558, Erie 28, Illinois Central 126, St Paul common 110, New York Central 110, Pennsylvania 57 42, Reading 32 14, Mexican Central 14 44, Canada Northwest Land 24. Paris reports 3 percent rentes at 82 pounds. Bar silver 43 15 16d. Bank of England bullion on balance £11,000.
W. S. EVANS & CO. Bankers and Brokers advertise at 991 Washington St offices 1 2 and 3 next to Young's Hotel. They deal in stocks bonds and oil bought and sold for cash or carried on margin with direct connections to New York and Chicago. Extra facilities rapid service small wires profits unlimited brokers orders solicited margin.
Canned goods steady. Flour and rye markets quiet. Oats firmer. Butter firmer. cheese very quiet. Eggs steady and firm. Beans moving fairly. Potatoes and sweet potatoes in fair movement. Pears in good demand. quinces scarce. Grapes in fair demand. Pork and lard unchanged. Fresh beef quiet. Lambs dull and plentiful. Veal moderately demanded. Tallow, refined sugars firm. raw sugars unchanged. molasses quiet.
The flour market shows no material change. Prices firm for spring patents but millers remain firm and unsatisfied. Corn stays very firm with stock scarcity causing quiet business. Oats gain a little firmness with some activity. No 1 whites quoted at 861/4 37 1/2c. Various No 2 White oats price and shipment data listed with cash, November, December and other months.
The article lists bid and ask prices in cents for grains and flour, notes carload quotations for corn oats rye and barley, and details stock of grain in elevators and Chicago and New York, with assorted flour and meal prices and farm produce values. It includes specific items like wheat oats corn and rye, and provides state and regional price ranges and quantities.
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