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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Sep 12, 1887
Page
6
The Money Market section reports a quiet week with little change in rates. Call loans secured by collateral hover near 6 to 7 percent, time loans 5 to 7 percent, and New York funds trading at slight discounts. Clearing-house balances and national exchanges show modest gains amid holiday effects.
London and Paris report mixed equity activity with American railroad securities dominating. Bond prices edge higher in Paris while Berlin and Frankfurt show quiet bourses. Bank of England bullion movement noted. gold demand for New York continues.
London cables cheaper at £39 178 6d for Chili bars while American Electric trades at 41 42 in the mining exchange. The stock has paid three 144 per cent ($125) dividends and the fourth is due. Last week orders for new apparatus exceed $50,000.
Trading activity on the Boston Stock Exchange shows sales at BI ahead of ters' BC with limited details and no additional context available from the fragment.
Money on call stayed quiet with last loan at 5 percent and 60 day bills around 4.80. Sterling dull, government bonds steady, railroad bonds flat. The stock market showed early strength then declined after a bank reserve drop of 1,058,300. Week bond sales totaled 2.617 million versus 4.644 million last week.
The official closing prices for California mining stocks show a mix of small gains and losses across several major names. Notable figures include Crown Point at 8 and Gould & Curry at 43½, with Hulled by declines in others and several listing unusual quotes due to typographic OCR errors.
A roster of buyers and firms from multiple cities including Buffalo Baltimore Bozeman Cleveland Cincinnati Detroit Kansas City Norfolk Nashville Philadelphia Portsmouth Richmond and Wilmington shows attending a market event. Names include W H Walker Lawrence Berry J Gates Henderson Patterson Seabury Thomas Wray Monroe Tracy Bright and Goodman.
Suffolk County real estate transfers include numerous Aug transfers from Tyler street Bridget Quilty to John S. Lee and Springfield street to Henry J. Hardwick et al. Other notable numbers show Beacons street sale to the city of Boston, various parcels on Edgerley, Mt. Vernon, and Roslin streets, and mortgages tied to Home Savings Bank.
Pig iron unchanged and old rails in short supply. copper firm and nails steady. Flour, oats, beans, potatoes, butter, cheese, eggs and various meats cited with steady or firm demand. Pork prices up while other fats and oils hold. sugars and molasses steady.
The report notes firm prices and steady demand across iron and steel products including pig iron gray forge sheet iron and steel rails with large recent contracts and rising mill activity. It covers copper zinc tin lead and related markets noting a Calumet & Hecla shaft fire and reduced ore output with ensuing production impacts in September.
A list of mortgage transactions dated Aug 20 to Sept 6 across East Boston South Boston Roxbury Charlestown and Winthrop. Filers include Homestead Cooperative Bank William G Emery Joshua Henderson and others with properties on Paris Seventh Monk Trumbull Ashley Ruthven Gates and Mt Vernon streets and avenues and totals up to 21 500 dollars.
Market notes show flour prices steady with firm old spring wheats and draggy new wheat flours. Corn dull due to tight supply. oats remain firm with multiple bid and ask levels for No 2 white oats and various on call and fixed dates. Minneapolis grain market cited with large receipts, rising milling output, and detailed carload quotations for flour and related products.
Export and domestic prices listed for cornmeal rye flour oatmeal and millfeed with fob and cif terms. Includes CHEV corn and oats grades, milled products, malt and hops values, plus seasonal shipment notes and price ranges per bushel or ton.
Butter markets calm with Western creameries selling at 28c for good and 25c for choice. Cheese steady. eggs steady. beans demand strong amid light receipts. Potatoes and hay firm. rye straw scarce. Receivers’ butter prices listed. cheese and egg quotes shown. various regional dairy and farm prices noted.
The week ending Saturday shows steady abroad markets per cable to A C Lombard's Sons. Apples offer widely with Gravensteins at 2 50 to 2 75 per barrel and other lots mixed. Bartlett pears in demand but many are overripe. grapes plentiful with good demand for choice stock. plums and oranges listed with varied prices. Trade activity described as moderate with limited cranberry sales at $30 per case and $8 9 bal.
The steamer Chatham arrived Sunday bringing 1550 barrels of potatoes. The steamer Alleghany is due Tuesday with 420 barrels of potatoes expected.
The notice lists numerous produce items and prices including onions Matias at 32 per basket, native vegetables at 275 0.00 per barrel, tomatoes, beans wax and slip bush green 75 cents, Lima beans 2 per bushel, improved Lima 250 per bush, green corn 0. and many others such as cucumbers parsnips pickles and eggplants with varying prices per bundle or basket.
The pork market shows a slight uptick on a barrel while turkeys and hams hold. fresh beef remains steady with good demand. Mutton stays fair but heavy due to light supply. veals and lambs unchanged. Hog supply in Western centers remains ample with weekly packing around 130 000, but overall stocks and reports raise questions about accuracy and hint at possible short-term price rises.
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