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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Aug 22, 1889
Page
6
The Boston market shows easy money with 3 percent at Clearing House and general loans from 3 4 to 4 percent. Sugar, Cotton Oil, and Lead advance on related news as Atchison and Wisconsin Central moves ripple through a dull day on stock and bond trading.
The Fort Wayne and Jackson Railroad Company has declared a semi annual dividend of 2.34 percent.
New York stock report shows August 21 trading totals 126600 shares. Details list RAR Railroads with opening price, intraday high and low, closing price for today and yesterday's close.
New York news reports easy money on call and steady prime mercantile paper with bar silver and sterling exchange steady. The stock market, after an initial dull session, saw Northern Pacific lift early gains with favored issues like Oregon Transcontinental and Cotton Oil leading. Late trading softened, bonds saw modest activity, and overall gains and losses were mixed with a generally firm tone.
Foreign financial reports from London show Consols at 988 16 for money and 983 4 for the account with various industrial and railway shares including Atlantic and Great Western firsts 242 Canadian Pacific 635s Erie 28 Etsy central 119 42 Mexican ordinary 56 Reading 227s St Paul common 733 Pennsylvania 5444 and Reading 227s Mexican Central news 70 percent. Open market discounts for short and three month bills at 2 4 27 8 percent. Later quotes list Erie 285 Illinois Central 119 58 Mexican ordinary 57 New York Central 109 58 Pennsylvania 544 Reading 22 4. Money 244 percent. Paris quotes 3 percent rentes at 85 francs 67 eventimes for the account. The bullion to the Bank of England today totals 42 000 pounds on balance.
Leather firm and boots active while eggs rise. Potatoes in fair demand. poultry and hogs quiet. Oranges firm, lemons steady, apples unchanged. Corn and flour steady to dull. oats quiet. cornmeal unchanged. Butter firm. oleomargarine dull. cheese steady. Pork steady. beef firm. mutton and lambs steady. veal firm. Tallow and sugars firm. molasses nominal.
Fall River market reports cloth prices steady at 3 4c for 64 y and 64s as demand remains unchanged. Local buyers show minimal activity and producers hold prices with little fluctuation noted.
Seventeen members attend the seventh annual gathering at the American House with J R Patch presiding. Officers elected include G W Bishop as president and W F Ellis as secretary treasurer. The agenda covers track repairs, renewals of rails ties and ballast, maintenance of tangents and curves, cattle guards, and related topics. Social events for ladies accompany the sessions.
The Option Markets report notes a narrow wheat market with small advances and outside demand fading. Weather in Great Britain remains cool and wet while U S receipts run light, causing mixed signals across futures. Corn, oats, and hogs show firmer starts but later softness as tomorrow’s arrivals loom.
Dealers report a fair market with many buyers out of town and prices generally reasonable. Isburgh & Co lists 90 head, Bowler seeks 1000–1100 lb drivers, Walker’s bazaar sold 85 head at 50 to 150 dollars, and Moses Colman & Son note steady trade with good private transactions. Prices vary by stable, with big horses reaching around 200 dollars and light horses around 110 to 130 dollars. International Horse Exchange and other houses show dull activity with mixed results and several carloads arriving for sale.
Improved demand for leather and a firmer general market tone persisted through the week. Large business activity reduced stocks of desirable grades due to production curtailment and steady manufacturer consumption. buyers, previously cautious, began purchasing in larger quantities with manufacturers eyeing future needs amid strong export demand to the Continent and Great Britain.
Leather prices remain firm as dealers work to clear stock. Demand is strong for hemlock and crop leather with steady or rising tone in Buenos Ayres, Montevideo, and New York exports. Prices for light backs to bellies are detailed, with No 1 glove grain and grain leathers selling steadily amid cautious optimism for future price moves.
The boot and shoe trade shows steady demand with strong South orders and good Western activity while New England stays quiet. Prices near last year, manufacturers busy, duplicate orders slow, but buyers anticipate further supplies and eventual restocking as season opens. Prospects remain favorable with widespread buyer and salesman optimism nationwide.
Foreign hides moved slowly with 7500 China at 104 1/2 cents and 1500 Rio Grande on private terms. The market remains steady with no price changes, ample stocks, and likely large receipts in coming months. Domestic hides show fair business, totaling 13 000 wet salted Western hides including buffs seconds and Bs, at prices from 5 to 8 cents depending on shipment point. New England hides are quiet overall with some activity in packer hides.
Demand for Para quality rubber has improved with good sized lots selling. Lower prices attract manufacturers who have faced tight raw material supplies. Market remains steady with fine Para quoted at G62 63e and coarse at S8EsVC.
The report shows carload grain quotations with rye excluded, noting 49 total cars of various corn and oats blends. Flour receipts today and prior year are listed, with prices for fine to patent flour and various Minnesota and New York grades. Market remains quiet with steady values, export demand supporting prices, and regional activity in Chicago and St Louis with dull to unsettled wheat futures in New York trade.
Lovsau Rye Flour and Graham Flour markets stay quiet with quoted values. Cornmeal and oatmeal receipts and prices listed show steady demand. rye and millfeed demand light to moderate. Six row and two row Mali oats prices steady. hops market quiet with minimal price movement. notable price ranges across multiple grain and byproduct categories.
Today’s receipts show butter 2800 pkgs and cheese 553 boxes with eggs 6 bbls or 1662 cases, beans 284 bbls, potatoes 20 cars, sweet potatoes 119 bbls, hay 14 cars and straw 3 cars. Last year butter 2351 pkgs, oleo 422 pkgs, cheese 204 boxes, eggs 6 bbls, beans 36 bbls, potatoes 1 car. Price notes indicate Western creameries steady with various quoted ranges, Eastern creameries steady, imitations quiet. detailed quotations listed.
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