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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Sep 23, 1887
Page
6
Boston money market shows little change with banks lending 6 to 7 percent and outside paper at 6 to 7 percent. Clearing house balances and New York funds premiums are noted. exchanges rise and bank reserves shift. Treasury distortions and bond trading cause brief market spikes before stabilization.
Leather hides flour corn oats oatmeal rye flour and malt hold steady. Butter cheese eggs and pork remain firm or unchanged. Beans potatoes hay straw grass seeds and tallow show quiet or dull activity. Fresh beef and other meats steady. Raw sugar steady and refined sugars easier. Molasses steady with a fair demand for trucks.
The Boston & Colorado Smelting Company declares a 244 percent dividend. Penn Gas Coal Company issues an 11 percent quarterly dividend. Boston Five Cents Savings Bank will pay 4 percent per annum in October, replacing 34. Central & South American Company declares 14 percent with quarter surplus of 12,500 and cumulative 41,590 since Dec 80. Mexican Telegraph Company declares 242 percent quarterly dividend with quarter surplus 11,000 and 88,500 since Dec 30.
Investors can buy and sell stocks and bonds including municipal and railroad securities. Margin trading and brokerage services are offered by dealers handling municipal and railroad instruments for clients seeking financing and investment exposure.
Price levels fluctuated through the day with losses to 1 percent in places before a late rally led by Western Union. Rail bonds showed broader strength, with several issues advancing and the market finishing near day’s highs in a cautious, firm tone.
Money on call stayed easy with last loan at 8 and closing at 2. Prime mercantile paper steady at 7 percent. Sterling exchange feversih but unchanged. Government bonds quiet and firm. railroad bonds dull but strong. Stocks gained after 2:15 with Readings, Western Union, St. Paul and Lackawanna leading. early advances extended to over 2 percent, then steadied below initial highs.
Official closing prices for mining stocks in San Francisco on September 22 show gains for some names and mixed results for others. Notable entries include Navajo Best & Belcher Bodie Consolidated Crown Point Gould & Curry Hale & Norcross and Yellow Jacket among listed closings with fractional quotes.
Havana markets show steady exchange and firm sugar prices. Planters in Matanzas are offered 312 and a half percent gold per quintal for the upcoming centrifugal sugar crop. sugar markets remain normal in tone.
A listing of boot and shoe buyers and firms across the nation names buyers and companies in multiple cities including Atlanta Cedar Rapids Chicago Detroit Charleston Portsmouth Pittsburg San Francisco Savannah St Louis Toledo and more. Notable entities include J V Sidwell of W W Kendall Boot and Shoe Co and A W Allen of Claflin Allen Shoe Co with various partners and locales.
In New York on Sept 22 the oil market saw a brisk rally as talk of a producers union and production restraints renewed. Trading started around 2 PM with prices advancing from 65 5/8 to 69.
From New York dated September 22, Lingg and Engel, condemned Chicago anarchists, write to comrades urging abandonment of efforts for legal justice. They claim courts cannot grant justice and predict their execution will hasten tyranny's fall.
The boot and shoe market remains steady with strong demand for calf boots and heavy shoes, while stock goods clearouts and new orders rise. Jobbers report improving collections, fewer duplicate orders, and large shipments on old orders as labor troubles ease and prices stay firm.
A disjointed OCR fragment lists various hides and leather terms tied to locations such as Brighton and Southern states. Entries include green calfskins and upper selections with percentages and weights, alongside references to Montevideo and Rio Grande hides and salting notes. The text resembles a catalog snippet or market ledger fragment with numerous broken numbers and abbreviations.
The flour market remains quiet with steady prices and light sales. Corn and oats show limited activity with firm elevator prices. quotes cover flour, cornmeal, rye, malt, hops, and various grain futures with numerous carload price ranges and bids.
The leather market remains quiet with prices mostly steady to easier amid ample supply. Demand is only moderate as factories seek stock to fill long-ago orders, with rough and domestic hides showing weakness while calfskins, upper grades, and goat and sheep skins move at firmer or steady levels.
Butter remains firm with mixed grades and New York, Chicago quotes steady. Cheese and eggs show no notable change as markets stay quiet. beans poultry and dairy products hold at current levels. Prices for creamery, Vermont, Canada and other regional foods noted along with various hay, potato, and tallow bid ranges.
Trade quiet with steady prices as pork and lard remain unchanged. Beef and veal supplies light, with heavy cattle firmer and lighter cattle steady. Lambs steady. fresh beef and muttons quiet. Prices listed for pork cuts, lard, beef, and mutton offerings with various pack sizes and regional terms.
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