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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Sep 14, 1887
Page
6
The Boston money market showed firmer tones with a 7 percent loan and a 1 percent uptick from prior levels. Banks offered 6 to 6.5 percent, while outside paper discounted at 6.25 to 7 percent. New York funds fell to 16.5 percent discount on $1000 as gold imports and market activity rose.
The Manhattan Elevated road of New York declares a 14 percent dividend on consolidated stock payable October 1. Books close September 19 and reopen October 3. The Western Union Telegraph Company declares a 1 percent dividend, with earnings reported at 134 percent. Oregon Railway and Navigation boards declare a 144 percent dividend.
Today’s transactions total 189 444 shares. The report lists shares sold and the opening high low and closing prices for the day with market activity across listed securities.
Money on call was easy opening at 6 with a range from 4 to 6 and last loan at 6. Prime mercantile paper unchanged with 7 as the lowest sale rate. Bar silver quoted at 96 1/4. Sterling exchange steady to firmer. Actual business at 4 30 14 for 60 day bills and 4 84 4 8454 for demand. Government bonds dull and unchanged. Railroad bonds listed.
Consols quoted 1015-16 for money and 1017-16 for the account. U S 4s at 1287, U S 4445 at 112, Atlantic and Great Western firsts at 4442, Canada Pacific 845, Urie seconds 10112, Illinois Central 124, Mexican ordinary 58, St Paul common eda, New York Central 1117, Pennsylvania Money 3 per cent. Open market discount 34.4 per cent. Bank of Magland bullion balance today £22,000. Paris 3 per cent rentes at 82 francs for the account, exchange on London 26 francs 41 centures for checks.
A list of buyers and firms visiting for footwear purchases across cities including Baltimore Cleveland Detroit Chicago Montgomery Newark Portsmouth St Louis and more. Names include Kingsbury Lawrence Childs Wells Henderson Wittkowsky Kohn Dunwoody Seabury Patterson Dolman and Todd among others.
Commodity notes indicate firm or steady levels for corn oats butter eggs potatoes and sugar while pork higher and many meats quiet demand for beans apples and hay noted as fair or steady overall conditions remain cautious with mixed signals across agricultural markets.
The lumber market remains steady with good receipts and active stocking. Eastern pine dull, but dimension stock in moderate demand. hemlock quiet with fair demand. spruce and whitewood movement solid. barken tine Joseph Baker and schooners Nellie Pickering and Harry Prescott noted for large lumber cargoes. Boston week totals show strong sums in pine, spruce, and hardwood categories.
No material change in flour meat or corn markets. Demand limited and offerings light with firm prices for staples. Notable quotes include steamer yellow at 57 58 1/2c and steamer mixed at 65 1/2 57c, oats firm, and No 2 whites steady around 37 1/4 37c. Wheat and corn receipts at Liverpool shown, Michigan wheat yield pegged at 22,062,749 bushels, Kansas wheat about 7,470,875 bushels. Butter and cheese prices steady with regional variations. eggs, beans, seeds, hay, potatoes, and tallow listed with current ranges.
A morning fruit market report notes no peach train, steady prices for apples grapes and pears, with strong demand for large American and Canadian fruit. J C Houghton Co. reports English apple crop prospects largely below average due to drought and maggot damage across many districts. Cranberries sold at $77 per 49 barrel and $250 per crate. assorted apples grapes plums pears and oranges listed with bid prices.
A market listing shows onions, tomatoes, cabbage, beans, corn, beets, squash, carrots and more with prices per bush, box or dozen. Items include wax beans at $1 per bush, Lima beans at $2 25 per bush, native cucumbers at $1 100, and cauliflower at $4.5 per dozen.
The pork market is steady with fair trade at advanced quotations. Fresh beef remains quiet with ample supply. Lambs are plentiful with fair demand. only fancy lots bring full quotations. Veal and mutton are quiet. Prices list various cuts and batch terms across pork, beef, and lamb products with numerous price points.
Liverpool cotton futures opened quiet and closed steady with scattered September to May quotes. Spot markets in Liverpool and New York eased then steadied as sales reach about 65,3800 bales. receipts climb and visible world stocks near 1.2 million bales.
Boston Post correspondent George J. Fox reports Watertown market data for the week ending September 18 1837. Figures cover cattle sheep and lambs swine beef prices store cattle hides tallow and skins plus car counts by road and state totals including Maine New Hampshire Massachusetts New York and Canada entries.
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