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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Oct 15, 1887
Page
6
The Boston money market shows moderate loanable funds with steady demand and a tendency toward easier rates. Clearing-house figures reflect 5 percent loaned balances, with New York funds at 5 to 12 percent. U.S. treasurer and New York notes totals, and several bank stock movements are noted along with attitudes on Depew and market manipulation claims.
Cape Cod Five Cents Savings Bank Harwich declares a 2 percent dividend. McKay Metallic Fastening Association sets a quarterly 75 cent per share dividend. Stafford Mill Company Fall River approves a 3 percent quarterly dividend.
Stock and bond orders were executed in Boston New York and Philadelphia involving Kidder Peabody & Co. The activity covered multiple exchanges and included several security types. No further details were provided in the fragment.
Money on call was easy at 4 to 6 percent with last loan at 5b and closing at 6. Prime mercantile paper quiet with single names at 7 9, double names 6 644. Sterling steady. actual bills 4.8172 and 4.86 for demand. Government bonds dull but firm. railroad bonds weak. Stocks opened active then weakened. Lake Shore, Reading, Missouri Pacific, Omaha declined. later slight rally but close weak near day lows amid bear pressure from Chauncey M. Depew interview claims and Vanderbilt stock weakness. Western Union and St Paul led declines. Reading showed rallies. Vanderbilt declines continued. late trading renewed selling near the close.
The day’s trade shows varied gains and losses across many bonds and receipts. Major items include Chesapeake & Ohio series B coupon off with prices around 65 and 481 at 63, Union Pacific sinking lands at 110, and Shenandoah Valley 6s around 84, with several others noted among rail, utility, and trust instruments.
The report lists prices for Consols 1027-16 money and 1029-16 account, Atlantic & Great Western firsts 39, Canadian Pacific 63, Erie 27 and 9914 for Erie seconds, Mexican ordinary 8742, New York Central 107%, ex-dividend Pennsylvania 5614, Reading 3134, Canadian Northwest Land 248. Money 214 to 8 percent. Open market discount for short bills 844 percent. Paris 3 percent rentes at 82. Bank of England bullion today £37000.
J T Odell resigns as assistant general manager of the Northern Pacific and becomes superintendent of the Chesapeake & Ohio railway. A private letter says the move was forced to curb the land ring blamed for ruin at the railroad and for pressuring administration, with potential Oakes follow on. The land line ring allegedly blocked Dakota settlement to aid speculation and development.
A string of advertisements from various firms lists shoe and boot buyers across U S cities. Names like Mulien Tucker Smith & Co in Baltimore and Greensfelder Florsheim in Chicago appear alongside others such as Reed Jones in Columbus and Briscoes Swepson in Knoxville, outlining firm reps and partner firms in a regional goods trade.
Joseph Foley eight years old residing at 1 Arrow street court Charlestown fell from a freight car in the Eastern railroad yard yesterday afternoon and was drawn under a car wheel losing his right arm at the elbow.
In East Boston Municipal Court Judge Emmons sent the James Frazer case to the Superior Court. Frazer, a fisherman, is charged with assault with a knife on Charles H. Camron in April last and was bound over in 500 dollars bond, with default sending him to jail.
A brief note touts Pearline as the preferred cleaning option for households. It emphasizes ease of use and effective stain removal, urging readers to choose the well known brand for better laundry results.
Commercial matters note grains and fats quiet or steady with oats weaker and pork steady. Eggs in good demand and beans fair. Prices for butter cheese and lard firm or quiet. Potatoes hay straw grasses steady. apples easy. molasses and refined sugars quiet. Fresh meats show firm or fair demand.
Exports from Boston port in September show corn 117165 bush, wheat 243023 bush, flour 288202 bbls. September value $1,428,077, down from $1,522,696 a year earlier. Nine months ending Sept 30, 1887 total $10,708,734 vs $10,981,564 for the prior year.
The flour market remains quiet with scarce spot spring patents while demand persists for certain items. Corn and oats are subdued with prices largely unchanged. several bids and asks shown for No 2 white oats and winter wheat varieties. Inspections totaled 656 cars with varied grain and oat stock movements and a range of flour quotations across grades and regions.
Market price data shows export rates for cornmeal and rye flour, millfeed and oats quotes, oats grades, and rye and malt prices. Hops for 1886 1887 are listed with quality ranges and prices.
The butter market is largely unchanged with quiet trade and 26 27c for choice Northern creameries. Cheese holds steady while eggs remain in demand at old prices. Beans show moderate demand for yellow eyes and steady prices for other varieties. Rye straw and hay are firm with steady mark prices. tallow, sweet potatoes, and various Jersey Norfolk lots listed with specific wholesale figures.
In Liverpool butter and cheese markets are dull with only fine lots selling. Ordinary grades are near unsaleable. August white or colored cheese brings 55 58s, September 61s. In New York butter remains steady with Eastern creamery 25 27c and Western 23 26c. Eastern dairy tubs 22 24c, Western 16 18c. Cheese steady with various grades quoted. Liverpool cheese at 58s.
Apples receipts large with quiet demand while pears remain plentiful and quinces firm at high prices. Grapes plentiful with low prices. cranberries steady. dried apples light. nuts slow for peanuts and steady for chestnuts and hickory. Prices listed for apples pears grapes cranberries oranges lemons bananas and nuts with multiple regional varieties and box prices.
A listing of varied vegetables and produce with prices per basket, bush, barrel, or box. Items include onions, tomatoes, cabbage, beans, corn, beets, carrots, lettuce, peppers, spinach, and more with prices ranging from 15 to 275 dollars per unit in a compact market advertisement style.
There is no material change to note in provisions. Pork and lard are quiet and steady. Hams are quiet. Fresh beef is in fair demand at old prices. Lamb veal and mutton unchained. Pork and lard prices listed for long cuts short cuts backs light backs lean ends pork tongues prime mess extra prime mess fresh ribs and sausage bologna sausage price ranges. Hams also listed at 12 to 12 1/2 cents.
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