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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Sep 15, 1888
Page
6
Money market firm with higher clearinghouse rates and increased call loans. Boston and New York exchanges declined year over year. Treasury reports show gold and silver holdings. bond offerings and redemptions noted. St. Paul and Atchison topics appear amid broad stock market activity. Cali rail traffic and western land deals discussed. Winfield land bond venture promoted to cautious investors.
Firemen's Insurance Company declares semi annual dividend at 5 percent payable October 1. Nashville Chattanooga and St Louis Railroad issues quarterly 144 percent payable c t 0.
Whitney and 60 Basset advertise as Baykers and Brokers offering buy and sell services for stocks and bonds. They state involvement with margin investments and deal in municipal and railroad securities to investors.
The following stocks will be sold at auction on Wednesday Sept 19 1888 including Metropolitan Nat Bank Belting Co Sugar Refineries Co Tol Cin St Louis RR Maine Central RR Vermont & Massa RR West End Street Railway Natl Eagle Bank Atlantic Cotton Mills Hamilton Woollen Co Russell Mills Attleboro Branch RR Naumkeag Steam Cotton Co Portland Saco & Ports RR Vermont & Mass RR Metropolitan Street Ry Co Kansas City Bay State Live Stock Co International Button Hole Sewing Machine FE Howard Watch Co Dedham Water Co Fort Smith Ry Co Chicago Michigan Lake Shore RR By order of Administrators Also numerous railroad and mill stocks including City of Cambridge City of Cambridge 6s July 1892 and others in various lines.
Stocks opened about one percent higher but sold off, led by grangers and New England. Declines grew with heavy selling from shorts, yet late in the day a buying uplift appeared and losses narrowed. Coal stocks recovered, and the market closed active though down on many issues. Railroad bonds were dull, with thin dealings totaling $972,000.
New York on September 14 reports easy money on call from 1 to 2 percent with last loan at 134 and offering 1 percent. Prime mercantile paper up to 6 percent, bar silver at 95. Sterling exchange firm, actual business at 4.8434 for sixty day bills and 4.8814 for demand. Posted rates 4.8542 and 4.29. Government bonds dull, railroad bonds strong and quiet. stock market shows a very active session.
Flour firm and steady while corn quiet and easy. Oats dull and lower. cornmeal easier. oatmeal firm. Rye quiet. graham flour steady. Milifeed firm. cottonseed meal quiet. Malt slow. hops dull. Butter very firm. cheese not very active. Beans easy. grass seeds firm. Potatoes in good demand. hay steady. Rye straw quiet. poultry steady. Apples quiet. truck fairly active. Pork firm. corned beef quiet. fresh beef steady. other fresh meats quiet. Hogs quiet. Raw sugars firm. refined sugars active. Molasses steady. tallow unchanged.
London prices for Consols and US bonds are listed with figures for money and account. Atlantic and Great Western and Erie securities show mixed yields. The rate of discount for short and three months' bills stands at 8 percent, with Paris advices quoting 8 percent rentes at 84 francs 20 centimes for the account.
Dr. W. W. Blackman of Brooklyn New York reports strong approval of Horsford's Acid Phosphate for seasickness. He cites several cases showing prompt and complete relief and notes personal satisfaction with the remedy.
Albany NY to Savannah GA list of names and firms including Freeman Rogers Belknap Childs Mebauchian Wallace Reibold Smith Bentley Lavy Ach Versteeg Knuckle Seabury Harte Lott Huston McDougall Einstein Sons. Entries show individuals linked to law and brokerage firms across Baltimore Charleston Cleveland Chicago Detroit Des Moines Omaha Philadelphia Pittsburg Plattsburg Savannah and Norfolk with family firms and partnerships noted.
A domestic discussion centers on whether Pearline cleaning agent is essential for chores. Household writers debate necessity versus alternatives, weighing affordability and stain removal effectiveness.
In Gloucester on Sept 14, activity remained high with firm prices for codfish of Grand Bank, Bank, Flemish Cap, and Nova Scotia varieties. Mackerel arrivals were light but prices advanced. halibut supplies were lower with Iceland fleet reporting 140,000 pounds and overall stock firm. Receipts totaled 94 shipments: cod 3,125,000 pounds, halibut 425,000 pounds, mackerel 1,285 barrels, haddock 11,000 pounds, pollock 9,000 pounds.
The banana trade has slowed nationally with New Orleans ranking after New York Philadelphia and Boston. Demand drops due to plentiful domestic fruits, while yellow bananas now dominate imports from Central America and Jamaica. Red bananas from Cuba are declining as replanting favors the yellow variety. August imports reach 290,560 bunches in New York and substantial totals in other cities.
John E Welsh flour prices at 201 State Street Boston show steady demand as buyers replenish stocks. Spot market quotes list various flour grades with bbl prices, including Minnesota bakers and Michigan stone, plus export options for Canada. New York receipts and exports are detailed with dull sales and slight declines in some categories.
Chicago, St Louis, Milwaukee notes report quiet firming grain trading with mixed receipts. Wheat prices ease in Chicago and New York as shipments rise. Milwaukee oats hold steady while corn and rye fluctuate. Detroit and Toledo show dull trades with firm cash tones. Market summaries cite No 2 red and white varieties, various elevator bids, and ongoing export demand.
Butter markets remain firm with tight supply across creameries. Quoted prices cover Western Vermont and New York regions with various grades and jobbing premiums. cheese shows steady to firm tone across New York and Chicago markets, while eggs and beans display mixed demand and price levels. Additional notes cover beetle of oats, timothy hay, and potatoes with steady to firm prices in major markets.
The report lists currency quotes for bush and berries by state and region including Vermont New York Nova Scotia and New Brunswick with prices ranging from 50¢ to 60c and 175 per barrel. It notes strong demand for sweet potatoes at various grades with Virginia yellow priced at 275 bulk 275 and 3 per bulk. Poultry shows steady demand with live birds 10 to 12¢ and Northern fresh killed fowls 14 to 16¢. Partridges are scarce with 76¢ to 1 per pair. Hay and straw markets hold steady with several grade prices.
The notice lists steady demand and varied prices for a wide range of produce. Items include marrows, cabbage varieties, string and wax beans, lima and kidney beans, onions, beets, carrots, lettuce, turnips, cucumbers, tomatoes, peppers, cantaloupes, cauliflowers, celery, parsnips, eggplant, citron melons, and spinach with prices per bushel, box, or basket in cents and dollars.
Apples and pears listed with varied prices across types including Williams Gravensteins Pippins and Bartletts. Watermelons grapes and plums show slow to steady demand with case and basket pricing noted alongside Delaware Jersey and Cape Cod cranberry figures. The report cites a Friday train load of seven Delawares and two Jerseys.
Pork markets remain steady with firm prices for various cuts including long cuts at 18 1850 and backs at 1850. New York pork quiet and steady with mess at 15 75. Beef markets firm with cut meats and lard holding, Chicago and Cincinnati noting mixed levels. Fresh beef and other meats steady. spring lambs and mutton range 6 9c to 11 12c depending on grade.
Stock Yards Kansas City receipts 5247 cattle steady and fairly active with various price ranges for natives and steers while hogs 3770 receipts trade quiet and weak for heavies and lighter shifts. St Louis hogs strong and steady with Yorkers and mixed packers and butchers’ to extra prices. Chicago cattle and hogs show steady to strong with notable receipts and shipments. specific price bands listed for beeves steers stockers and feeders cows bulls and Texans.
Raw sugars show no change while refined sugars remain active at firm prices. Pulverized and granulated types quote around 64 to 74 cents, with several brands cited. Molasses markets unchanged with prices in the mid to high twenties and New York notes a nominal market.
Allan Asher & Co at 22 Exchange Place report today’s market. Liverpool advices show no change but a firm tone. U S prices opened near yesterday’s close. Journal estimate of 20 to 40 percent damage in South Carolina revived demand and lifted prices.
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