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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Sep 10, 1887
Page
6
The report details steady loanable funds at the clearing house with discounts ranging 5 to 7 percent and call loans near 6.7 percent. It notes New York exchanges rising from the prior year, heavy gold movement from Europe, and mixed stock activity including Atchison Union Pacific and Chicago Burlington railways amid bears’ pressure and late-day rebounds.
Basset Whitney & Co. offers buying and selling of stocks and bonds for investors or on margin. Dealers in municipal and railroad securities.
Stock and bond orders were executed by Kidder, Peabody & Co. in Boston New York and Philadelphia during the trading session. The transactions reflect active involvement by the firm across primary U.S. financial centers.
Today's New York stock transactions total 232,623 shares traded. The report lists shares sold along with opening, highest, lowest and closing prices compared to yesterday's close.
August rail traffic shows a 14.7 percent rise on the fourth week and a 3.57 percent fall in the fifth. Duluth news denies sale of the Duluth Turon & Denver to Minneapolis & Pacific. Union Pacific eyed as likely buyer. Chilian delivered 2000 tons steel rails to Algiers for Mexican International railroad aiding New Orleans Mexico link. Recent earnings reported for Denver & Rio Grande Western, St Joseph & Grand Island, Milwaukee Lake Shore & Western with varied increases and declines since January.
Money on call fluctuated 5% to 8% with last loan at 6% and offers at 6%. Stocks opened dull, Western Union and Reading active, final deals stronger with gains limited to select issues. Railroad bonds mixed. notable advances after delivery hour.
At 1 30 p m Paris quotes 3 per cent rentes at 82 francs 30 centimes for the account. In London Consols stand at 10 11 16 for money and 10 15 16 for the account. US and Canadian issues listed include United States 48 12 9 143 Atlantic and Great Western firsts 46 percent Canada Pacific 56 14 Erie 32 44 Erie Seconds 10 244 Illinois Central 12 5 percent Mexican Ordinary 5 25 percent 8 54 Paul common 86 54 Pennsylvania 58 5 5 Reading 32 %. Open market discount for short bills 8 percent and for three months bills by 8 percent.
A Boston merchant reports to L I Chittenden on progress of the New York and Boston Rapid Transit Company. Chittenden says public details will come when the enterprise is mature and promises no harm to rivals. He notes legal reviews, strong capitalists, and belief the road will be worth double its cost.
A Winnipeg despatch notes increased railroad funding uncertainty and local schemes to raise 100000 for construction through municipal shares. Fort Assiniboine reports Manitoba extension crossing Beaver Creek with regimental greeting. Lumsden outlines Greenville CP link with a 10000 plus cost, CP to cover and share operating expenses. Also covered are San Carlos to Yuma Peninsula line plans, Lake Shore earnings, Erie Baltimore visit, and August stockholder figures across 28 railroads.
The fish market is unchanged and many commodities show firm or quiet demand. Prime items include flour oats and rye flour with steady to firm tones. butter cheese pork lard and meats steady. sugar molasses and extracts are steady while apples and beans show ongoing demand.
Boston fish bureau reports mixed week with mackerel receipts up and prices steady while Nova Scotia catches expected lighter next week. Codfish remain fair to scarce, herring demand soft, and canned goods steady. Fresh fish demand strong for certain species. notable activity scattered from Georgetown to Mount Desert with several ports reporting varied catches.
Oyster price listed at 115 per dozen medium grade. Providence River area clams priced at 50 cents. Pollock and hake prices shown as 112 and 114 with 2% tax noted.
The flour market is unchanged with spring patents firm and high held by mills at 610 dollars. Corn dull with light stocks and limited supply. Oats firm with No 2 white at 37 to 37 1/2 cents elevator and 36 3/4 to 37 1/4 on track. Carload quotes cover flour, cornmeal, rye flour and oat products with numerous bid and ask ranges.
The peach train Saturday morning will consist of 11 cars. Prices for peaches today include white at 50c per basket and yellow at 75c per basket. Snow & Co sold 3000 baskets of peaches at auction this morning from $2 per basket, and 3000 baskets of York State plums at 30 to 32 cents per small basket. Apples are in good supply except for choice eating. Gravensteins at $2.75 to $3.00 per bbl. other lots dull. Bartlett pears in steady demand but many lots too ripe. Grapes plentiful with good demand for choice stock. Plums prices similar to last quotes. Cranberries coming, sold at $3 per case and $5.9 per bushel. Various apple, grape, plum, pear, orange, lemon, banana price notes follow.
Fragmentary price list shows onions, maltas, tomatoes, cabbages, beans, wax beans, Lima beans, beets, squash, carrots and greens with varied per unit or per basket charges. Several figures reference dollars per basket or per box, indicating regional wholesale or market rates.
Price list shows produce like bush lettuce at 50c per bush, cucumbers 81 J 100, parsnips 2125 per bush, pickles 15c per 100, coarse turns and yellow flat turnips 7c per bush, white French beans $2 per barrel, eggplants $1.25 per dozen.
The column lists pork and lard pricing for various cuts, including long cuts 817 17 50, and tight entries for tongues, mutton, and sausage. Fresh beef prices follow with ranges for choice steers to heavy hinds and chucks, loins, and rounds.
Liverpool futures opened weak and closed steady with various September to February pair bids. Spot markets showed steady demand at middling uplands, while New York spot opened steady then firm. PIPELINE CERTIFICATES closed and opened with current figures. sugar and molasses markets described with prices for refining, centrifugal, and various grades.
Reports from New York Chicago Milwaukee Toledo St Louis Cincinnati Detroit Minneapolis detail flour and wheat receipts exports and prices. Activity ranges firm to higher with No 2 red and No 1 white wheat quoted around 74 to 79 cents, corn and oats mixed, rye uneven, and fats on pork lard and butter showing gains in several markets.
Kansas City hog prices firmer with receipts around 000 and shipments 120, official receipts yesterday 5772. Peoria hogs steady with receipts near 5500 and shipments 250. Chicago cattle receipts about 7000 with shipments 2000, prices strong up to 540.
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