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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Aug 19, 1887
Page
6
Boston money market shows easing with abundant clearing house funds and bank discounts for regular customers at 6 percent. Outside paper trades 6% to 7 percent while manufacturing paper remains 5 to 5.5 percent. Day’s totals include Boston exchanges near 93.7 million, with calls at 4 percent in New York and 5 to 6 percent in time money overall.
The article outlines West End Lands and associated West End Railway Company maneuvers in Boston. It notes a rising stock price and predicts a continued advance, driven by a planned capital increase and land sales to fund the expansion. It highlights earnings gains for Metropolitan and South Boston lines and mentions Newport land speculation and Calumet & Hecla stock moves.
Leather remains active while hides are dull. Butter and cheese stay strong as eggs hold steady. Potatoes, pork, fresh beef, and other meats show firmness with mixed signals in fats. Raw sugar, refined sugars, and molasses stay steady amid quiet demand for beans and good truck demand.
United States 4s and 474s bonds listed with fractional values. Canadian Pacific Erie Illinois Central Reading and New York Central stocks shown in fractional terms. Mexican and Canadian notes noted. Paris 3 per cent rentes quoted at 81 francs 65 centimes per account.
Money on call eased to 4 to 6 percent with last loan at 5 6. Prime mercantile paper firm with indorsed bills at 6 1/2 to 7. Government and railroad bonds dull to weak as stocks opened soft, then fluctuated with slight late losses. Pacific Mail led declines, others followed. market closed dull and heavy near day’s low.
The boot and shoe market shows higher shipments than last week but drought- hit western districts dampen activity. Duplicate orders rise in calf boots and heavier women’s lines. demand for finer items remains light. Southern districts expect volume gains from cotton crops. wax and hip goods stay strong. slippers edge up as holidays near.
Demand remains fair for leather with steady prices though activity lags expectations. Rough leather shows ample tannages and dull rough splits, while finished goods rise on boot and shoe demand. buff leather and glove grain moderate, roan and roan-kid items mixed, and sole leather steady with scarce plump lots.
A damaged ledger lists leather types and prices including rough, finished, and kip varieties. It details backs and weights, glove and pebble grain options, and various hides such as buffalo and green salted West and Southern selections with price ranges and condition notes.
The flour market shows no change with good spring and winter wheat flour trade. Winter wheats sell readily at slightly lower prices, corn firmer, oats steady, and No 2 white oats around 38 3/4 to 41 1/2 cents. Reports include daily call bids, car inspections, and weekly export tallies for Wheat Corn Flour and Oats across New York Boston Montreal Philadelphia Baltimore New Orleans. Prices for other commodities such as mill products, rye flour, cornmeal, hops, and livestock are listed with varied but steady tendencies.
The report shows a firm butter market with Western creamery prices at 26 27¢ and similar for Northern creameries, while Chicago butter eases to 24 25¢. Cheese remains very firm with Northern at 11 14 12¢ and New York at 12 M12 1¢, eggs steady with scarce Eastern extras and rising prices, and a generally tight poultry market amid moderate receipts.
The listing shows bulk prices for fresh killed fowls Western and Eastern live fowls at 14 to 20 cents, beans including New York yellow eyes and green peas with prices from 115 to 195 per bushel, hay grades from 12 to 18 dollars, tallow by city and country render, and potatoes such as Jerseys and Long Islands sold per barrel with Norfolk yellow at 4.50.
List of price quotes for trucks and a variety of produce including onions matins cabbage beans corn beets turnips squash marrow carrots lettuce cucumbers pickles and other items. Prices shown per basket box bush dozen and per hundred counts with native and Long Island references.
Apples are lighter, choice fruit selling well at higher prices. Prices listed include Astra kans 2 25, sweet boughs 2, Williams 2 26 2 75, Golden sweet 1 50, Nyack pippins 2 2 25, common stock 1 1 560, orange pippins 2. Pears plentiful with Bartletts at 6 per barrel. Grapes arrive freely with Hudson River Champions and Hartfords at 6 8e, Dela ware and Jersey at 10c. Blackberries light at 10 18c, blueberries fair at 10 18c. Cantaloupes smaller, Jersey in demand at 1 75 2 per barrel. Native lots 5 6 per barrel. Native muskmelons 2 50 per barrel. Peaches lower. red 1 50 2 00, yellow 8 75 2 50, fancy 2 75 basket, one poor lot 80¢ per basket. Peach train eight cars Friday. Oranges and lemons: Sorrento 3 50 25 50 per box, Palermo 8 50 6 50 per box, Palermo lemons 6 7 per box. Berries fair: Blueberries 11 18c, blackberries 10 18c, huckleberries 9 12c per quart. Bananas well supplied: Aspinwall Port Limon 2 50 3 50, Jamaica 1 25 2 50, Baracoa 1 25 2 10. Watermelons ample. Extra Jersey and Baltimore gems 15 10c, medium and small 10 size.
Liverpool cotton futures opened firm and closed steady with varied August to February ranges. Spot markets showed steady demand, with 10,000 bales sold, including 7,600 American. New York spot opened steady and closed firm. futures in New York opened quiet with mixed quotes across months. Closing prices show dull market activity with totals of 48,100 bales sold. Pipe line certificates, sugars, and molasses prices listed with regional variations and monthly figures.
Reports from trade centers New York August 18 show flour receipts at 31 720 packages with exports 2008 barrels and 12 038 sacks. Prices quoted for various flour grades and wheat receipts total 232 050 bushels with exports 257 959 bushels and sales around 280 000 bushels No 2 Chicago and No 1 hard at firm prices.
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