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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Oct 22, 1889
Page
6
Trading on October 21 shows total 266800 shares moved with varied results across stocks. Warnings note soft grain due to weak wheat, lower corn, steady provisions, and a muted pork injunction outcome while miners show mixed quotes and several energy names edge higher.
The Money Market notes a generally steady tone with fair demand for money and good demand for business paper. Exchange to New York eases while London rates fall. high New York rates draw funds from other cities. street call money and time loans show varied discounts and premiums.
The Somersworth National Bank announces a five percent semiannual dividend. The Ontario Silver Mining Company declares a monthly dividend of fifty cents per share.
San Francisco October 21 closing prices show the latest figures for mining stocks. The report enumerates several companies and their price movements, reflecting activity in the mining sector for the day's session.
Money on call tight with last loan at 6 and closing at 3. Sterling exchange weak with 4.81 for sixty day bills. Stocks opened heavy and remained quiet, with notable declines in Sugar and several rails. Jersey Central recovers most losses while coal and oil shares fall. railroad bonds dull with sales around 810,000 dollars.
London market notes show Consols at 973 16 for money and 975 16 for account with U S 44s at 108 1 2. Atlantic & Great Western firsts 35 1 2 percent, Canadian Pacific 71 4, Erie 30 1 4, Mexican ordinary 46 1 2, St Paul common 71. Money 24 2 per cent. Open market discount 3 4 percent for short bills and 3 37 16 percent for three months. Paris quotes the 3 percent rente at 87 francs 55 centimes for the account. later 3 percent rente at 87 francs 57 1 2 centimes and exchange on London 26 francs 22 centimes.
A flurry of insolvency and debt notices emerge as Brown Steese Clarke accounts未completed amid rumors of Clarke's debt. Howard mining firm Honerine Utah faces audit refusal. Creditors to Salem fruit dealer John W Roberts file claims as insolvent. Beloit dry goods magnate James M Carpenter reportedly fails. W R Pickens Circleville receiver named. Lynn jeweller Marsh E Vose files insolvency with assets mortgaged and watches on plan. Swampscott resident Charles E Durgin files insolvency with assets and 40 cent dollar offer.
The Black Rock Hotel Company of Cohas set capital of 25000 dollars with Moody Merrill as president and Augustine L. Furlong as treasurer. The Boston Correspondence School names L. B. Bates as president and Edward L. Hyde as treasurer, promoting education by correspondence and oral instruction. Danish Society Dannenbrog 0 Boston lists Matthew Thygesen as president and Ohn Petersen as treasurer. The Gough Prohibition Club of Cottage City is led by Obadiah Smith with Emily Richter as treasurer.
Leather jackets are the specialty of G W W Simmons and Company. The firm has produced them for ten years and offers a range from $350 to high quality imported Finland dog skin at $14.
Dry pore steady and corn slow with oats unchanged. Flour quiet and rye dull. Cotton, malt, hops, and oats show mixed softness while butter, cheese, eggs, and lard firm or steady. Potatoes and sweet potatoes weak to dull, fruits varied with oranges scarce and grap es in short supply. Fresh beef firm, other meats easy. molasses nominal.
The dry goods trade remains quiet yet steady with moderate business and reduced first hands. Prices for cotton and woollen goods show no material change, stocks are favorable, and manufacturers face limited profits but optimistic prospects for the new season and continued demand.
The wool market remains in poor condition despite steady demand. Prices are very low, not matching other regions, yet dealers keep selling at current levels even at a loss. Manufacturers are accused of questionable tactics to push for higher margins, while woollen goods fall behind raw material costs.
The cotton markets swung through the week on crop reports and frost damage fears. Middlings gulf quoted around 10 13-16 cents with inland lots moderate. Weather reports varied, with advice noting favorable dry conditions elsewhere and only light frost at Memphis.
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