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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Sep 08, 1888
Page
6
The money market remained quiet yet firm with the clearing house rate at 4 percent. Time paper discounted from 4to 6 percent, call loans 4 to 5 percent, and Essex county borrowed $25,000 at 3 to Nov 1. Bond offerings total 1,396,800 with several issues at 106 to 127 bids.
Subscriptions for the first issue of stock in the Meigs Elevated Railway are open at our office. Full details are available in person or can be mailed upon request.
Soley Gay and Dorr Bankers members of New York and Boston Stock Exchanges buy and sell stocks and bonds for investors or on margin. Dealers in municipal and railroad securities.
Auction notices list extensive shares for sale on Wednesday September 12 1888 by order of directors executors and trustees across many railroads mills banks and manufacturing companies with prices and lots including Old Colony RR Fitchburg RR Housatonic RR New England Glass Co Sugar Refineries and Amory Mfg Co. Also market notes show early declines then recovery with Texas Pacific Norfolk & Western leading gains and overall firm close for the day amid active road bonds and several railroad issues.
Money on call eased to 1 to 2 percent with last loan at 132 and close offered at 134. Sterling steady at 4.84 for 60 day bills and 4.88 for demand. Government and railroad bonds quiet to steady. Stock market opened quiet, then turned a bit active with Norfolk and Western and Tennessee Coal and Iron among leaders, while Lackawanna and St Paul showed limited movement.
Commercial notes indicate fish quiet and steady while flour booms and corn holds steady. Oats dull and oatmeal quiet. rye unchanged and graham flour quiet. Millseed and cottonseed meal steady. malt slow. Hops quiet. butter firm. cheese quiet. eggs unchanged. Beans steady. grass seeds firm. potatoes and hay fair demand. Poultry dull. apples steady. pork firm. fresh beef steady. other meats steady. Raw sugars firm. refined sugars active. molasses steady. tallow quiet.
In San Francisco on September 7 the official closing prices for mining stocks were listed. Notable values include Best & Belcher at 3.45, Union Copper at 9.70, Crown Point 4.70, Gould & Curry 2.86, Yellow Jacket 4.15, Hale & Norcross 4.25, Mexican 8.40, Sierra Nevada Con. 9.85, and North Belle Isle.
London markets report Consols at 98 38 16 for money and 98 1 2 for account. Atlantic & Great Western firsts 83 48, Canadian Pacific 58 4, Illinois Central 122, St Paul 73, New York Central 111 56, Erie 29 1 2, Reading 27 4. Rate for short bills 25 1 4 percent. Paris quotes 8 per cent rentes at 84 francs 35 centimes. Bank of England bullion withdrawn today £218 000.
A list of buyers and representatives from multiple cities including Baltimore Columbus Cleveland Nashville Detroit Philadelphia Roanoke Pa and Savannah who attend a shoe manufacturing and sales fair. Names include Rogers Belknap Childs Fontws Simon McLaughlan Cowen Versteeg Appeldoorn Lawless Thomas Rafferty Vaughn Morris Einstein Nettleton and others.
An old advertisement promotes Hlorsford s acid phosphate as a remedy for fatigue from overexertion urging readers to try it. The tone mirrors early 20th century patent medicine pitches, emphasizing renewed energy and mental clarity for overworked individuals.
The market for mackerel remains quiet with prices near last quotes. Dealers report a light catch, especially of mackerel, and high prices motivate fleets though fares stay low. Fresh mackerel demand is active with good prices, while stockpiles look lean as winter nears. Receipts and prices for codfish herring and other fish show varied activity amid a firm Gloucester market.
Market notes describe improved demand and price for barrel herring and pickle fish, with steady halibut supply but shortages in other usual varieties. Georges halibut priced per vessel at 7c and 8c for gray and white, codfish at 24c, haddock at 1c, pollock at 8c. Georges cod from vessel $3 large and $2 small per hundred. bank prices listed. Weekly arrivals total 51 shipments weighing 1,895,000 pounds codfish, 215,006 pounds halibut, 661 barrels mackerel, 13.0 pounds pollock, 35 barrels swordfish, 7500 pounds cusk, and 11,600 pounds hake.
The sheet details carload prices for flour and grain, with Boston and New York quotations. Flour demand remains firm as mills withhold supplies. prices span fine to superior ranges. Wheat, corn, oats, rye, and millfeed are listed with receipts, shipments, and market tone, noting firmness in many cities and active export interest.
The butter market shows little change from the last quote with scarce choice creameries and steady demand. Creamery prices vary by grade, with choice Testern creameries at 22 23 cents, Western extra fresh firsts at 20 to 21.5 cents, Western fancy imitation creamery at 17 to 18 cents, Western seconds at 16 to 16 2 cents, and Western factory category noted.
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