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Newspaper

Boston Post

Location

Boston, Massachusetts, United States of America

Date

Oct 10, 1887

Page

6

Money Market Shows Easier Tone in Boston Banks

The Boston money market closes easier with banks lifting liberal lending. Call loans run 6 to 7 percent while clearinghouse borrowing sits at 5 percent and ample funds support New York demand, amid weekly exchange totals and bond activity across Europe and domestic markets.

6 Percent Improvement Bonds for City Street Work

6 percent bonds issued for street improvements are secured by a tax lien on all abutting property. The city valuation and population figures are listed with several figures and the offer invites inquiries at 3 Wall Street New York.

Bath Water Supply Co Bath Maine Boston Safe Deposit and Trust Co Legislature of City of

New York Financial Market Update

Money on call was easy at 4 percent and mercantile paper at 6 1 2 percent. The stock market opened weak on London losses, with a decline of 1 4 to 1 2 percent, then recovered slightly but ended near the day’s low amid dull railroad bonds and light overall volume.

New York Western Union Northwest Reading Chicago, Burlington & Quincy Stock Exchange Atchison Messrs. Cordley & Co Union Pacific Philadelphia Oregon Northern Pacific Oregon Navigation Leavenworth St. Paul Minn Fargo Pioneer Press Devils Cak Sherbrooke Mayville Caledonia Northern Pacific Road Hawley Minnesota and Dakota Company Duluth Wheatlands Boston Financial Chronicle Sully Richmond Terminal Company Boston & Lowell Lowell Richmond & Danville Sterling Exchange London New York City & Northern Trust Nickle Plate Trust Shenandoah Valley General Mutual Union Ndiana Bloomington & Western St. Louis Arkansas & Texas Manhattan Central Pacific California United States Atlantic & Great Western Canadian Pacific Erie Illinois Central The Baltimore & Ohio Frankfort Paris Crédit Fonciers Crédit Agricole Suez Canal Panama Canal Berlin

Foreign Markets Mixed As Rail Stocks Drop

London markets closed mixed with United States and Canadian securities posting varied gains and losses. Paris and Berlin showed thin activity while Suez and Panama canal shares moved modestly.

Market Trends in Commodities and Meats Steady

Commercial notes show metals and flour steady while corn oats oats oatmeal rye flour and rye are quiet or unchanged. Butter cheese eggs and pork stay firm or in steady demand with beans potatoes hay and straw steady and grass seeds tallow apples and molasses quiet. Fresh beef firm but quiet and other fresh meats in fair demand.

Metal market shows steady demand across iron and tin shifts

The market reports steady pig iron demand with old rails and steel materials favored by Western buyers. Foundry grades improve while Scotch pig iron offers are low, and 1887 rail orders influence near term demand. London tin rises on bear covering, copper and zinc futures move higher, and October Lake Superior pricing holds.

Ene Sebabel Fects Oregon Railway An Navigation Company Barntage Wee Ee Eess Ees S California Southern Atlantic & Pacific Sandusky Wisconsin Central Oregon Transcontinental Kansas City Springfield Memphis Heston & Lowell Rutland Fitchburg Boston Central Massachusetts New York New England Atchison Trust Chicago, Kansas & Western Sonora San Diego Otay Ranch Frenchman’s Bay Charles H. Lewis West End Boylston Street Winthrop Calumet & Hecla New York Commercial Bulletin Lake Superior United States London Quincy Tamarack London Cables Baltimore Gray Forge Eglinton Glengarnock Summerlee Shell

Market Reports October 8 Flour and Grain

Flour and grain demand is quiet with firm, unchanged prices. Corn activity is subdued with steamer yellow offered around 58c and ranges between track and elevator, while oats and No 2 white varieties show limited trade and varied car-lot offers. Inspections include mixed grain types and several oat grades with call and settlement data through Oct 10.

Also Mentioned on This Page

Bears Argus New York Clearing House Treasury Department Fairchild Im Continental Reichsmarks Bank of England Great Britain Bank of France Bank of Germany Commercial and Financial Chronicle Careness Bank OF France A. Sim Austria-Hungary Netherlands Belgium Italy New York City Boston Post Chicago, Burlington & Northern Wisconsin Chicago Burlington & Northern Iowa Minnesota & Northwestern Flint & Pere Marquette Providence Portland Galveston Wichita St. Joseph San Francisco Indianapolis Burl. & Mo. River Land Grant Chicago, Burl. & Quiffey Summit Branch RR Republican Valley Wilson W. Fay & Co State Street BOO Ic Vevag Gray’s Dynamo Elec Topeka Land J.acctessasestecce Hastman Car Heater Elec Mfg Pion Ics Cai Ae Als Addax Basting Mach Busell Trimmer San Fr Cincinnati Orleans Pittsbur Louisville Milwaukee Omaha Minneapolis Denver Detroit Cleveland Columbus Hartford New Haven Norfolk Worcester Areas Syracuse N. Y N. York Pit'burg L’ville Kan P’dence Paul Ston Clevel’d Columb’s N. Haven Feoria st.Joseph I. Lowell T&s F Tr Ale Ee Inc Conn & Pass R'& BE Cl & Spr Bell Tell Osceola Steele Shair P . Tee Boston Land Boylston St Land San S&c B&q Sp & M Ny&n Rutland Pfd Kidder, Peabody & UC Devonshire St Boston, Mass Nassau St Messrs Baring Brothers & Co Loncorn Europe British Provinces Topeka Kansas Wall Street, New York Boston Stock Exchange BROK ERS R. L. Day & CO I' Am Bell T&s Pyankud Nincy Bivatack Csisses Ee Ee Land Companies Aspinwall Cses Cal City Shot & Gulf Coun Bintie Little Rock & F Smith Osee Serip Sinth Pacific Saas S-S Ogdensburg L. Champlain Waibiew Oxydensburg & Chives Inc Cree Ae Sree T.& Bi Atlantic Pac Img Wesnessc3s Boston & Albany Boston & Lowel Wear Boston & Mai Chi Bur Orthern Qalucy California Sothern Central M 3 Sand Caron Flint & FP A- Flint & P Fort Scott & Guilt Ee Sss Ny .v Bell Telephone New Eng Mining and Stock Exchange Atch Asses Wesntos Eis Aeieas Allouez Mining Breece Brunswick Fi Mining Etree Catalpa Mining Seewne Crescent Mining Ecseeerseesssesen Dunkin Mining Franklin Mining Elec. Mfg. Co Kensington Chir Co Allouez Arnold Rappa Aztoc Security So. Side AD Bonanza Stormont Bownan Sutro T Spocce Elee Brun. A'D Huron Standard Mesnard Toledo R National Columbian National Bank Shoe and Leather National Bank National Bank of Commerce New England National Bank Old Boston National Bank Freeman’s National Bank National Rockland Bank First National Bank of Chelsea Union National Bank Weymouth Andover National Bank First National Bank of Lynn Nanumkeuge Steam Cotton Co Wrest Lyman Mills Sneer Esnee West Ind Street R. A Concord R. R Metropolitan Morse R. R Revere Beach & Lynn R. R Eastern Railroad Cambridge Gaslioa Gut Co. Jalarkea Salem Gaslight Co Amer. Loan and Trust Co Shiarae Charlestown Goo Concord N. H Elk. & Mo Old Colony KR. R Boston & Lowell Gs Suri Allegan G. Rap Con. R. R. of Vermont Francis Henshaw & CO National Bank of Redemption Blackstone National Bank State National Bank Tremont National Bank Metropolitan National Bank Siitkoniasee Atlas National Bank National Bank Bates Manufacturing Co York Manufacturing Co LOCO Chicopee Chicopee ManufacturingOnns of 11234 1 Massachusetts Cotton Mills Union Cotton Mfg. Co Fall River West End Street Railway Oe & Northern Conn Pass. Rivers RR Northern Roe Seales Boston & Providence Cass Ni Ees National Tube Works F. & M. Insurance Co Erie Telephone and Telegraph Phila Ing Alt & T.H Pac Air L C.R Csscas Central Pac Ches Ohio Alton Owas ZOO Am Cleve East Tenn Wayne Texas Tex Pongs & Pem L. E Lake Shore Long Island Eae Lou Lou N. A Man Beach Eley St. L M. & Ohio Essex Tees Nash, & Chat N. J. Cent Cssses Aes Pittsburg Rich Dan R. & Fyea Roch. & Pitts Rock Island Eee Eneorse Pullman Pal N. W St. Ms N. Pac Iu. Pac W. Shore U.S Caaivae OS Adams Wells Fargo Amador Quicksilver Col. Coal Surinam Sane Cristo Tenn. C.& I H.C’. & Iron Union Con. Ae Oly Ontario Ise Providence Lease Stonington Courier-Journal St. Catherines Ont St. Catherines Street Thorold Welland Canal Baltimore & Potomac Minneapolis & ST. Louis Scloto Valley West Jersey Denver & Rio Grande Shenandoah Valley NEW York Financial United States Watch Company Waltham Congress Street Shire Street Congress Square Quincy House Lynn
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