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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Dec 06, 1888
Page
6
Market items show varied activity with several staples firm or steady. Prices for pork, sugars, butter, lard, and beans show strength or steadiness, while grains and oats move dull or quiet, hay firm, and meats like muttons lower or lambs easy amid overall steady demand.
Money on call ease 2 to 8 percent with last loan at 2 ½. and closing offered around 2 ¾. Sterling steady around 4.84 to 4.88. Government and railroad bonds dull but firm, stocks fluctuating amid feverish trading. New England led gains late, while Missouri Pacific and Union Pacific weakened, closing unsettled with fractional losses after sharp intra day moves.
Boston money market remains firm with interbank rate at 4 percent and general loan range 4 to 6 percent. Calls on collateral secured loans run 4 to 5 percent. executives anticipate rate cuts after the currency call. Atlantic & Pacific earnings rise in November. large stock movements imply transfers to prominent buyers.
On Saturday December 8 1888 a sale by auction lists numerous railroad shares bonds and corporate stocks. Highlights include Consol RR of Vermont 2 shares and several large blocks such as City of Cincinnati 7s 1904 4000 and Chicago Santa Fe 8s 1987 2000 shares plus multiple lines from Atchison Topeka Santa Fe and Nashua railways along with bank and manufacturing holdings. The catalog names executors and specifies various mortgage and land grant securities reflecting a broad auction of financial assets across railroads banks and allied industries.
In London trading, Atlantic & Great Western firsts reach 37 1/4, Canadian Pacific at 53 1/2, Erie 25 1/4, Illinois Central 116, Mexican ordinaries 44 , St Paul common 62 1/2, New York Central 109 1/2, Reading 234 3/8, Mexican Central firsts 67 3/4. Money 342 per cent. Paris advices show 3 per cent rate at 83 francs 27 1/2 centimes.
Wheat opened firm with light offerings and rose to May around 111 percent before settling near 111 percent. Exports totaled 138 836 bushels as Minneapolis mills plan to start next week. Corn saw thinner supplies and firmer January bets, oats unchanged, and overall light trading.
The city horse market shows subdued demand due to bad weather and a holiday break. Stables report empty stalls at A E Bowler and mixed results at Isburgh Co and Moses Colman and Son with prices mostly steady and sales ranging from 40 to 275 dollars for various classes of horses.
The Daily Commercial Bulletin notes a quiet week in commission and importing circles with fair average trade by jobbers. Staple cotton goods steady. prints sluggish. Printed sateens percales cambrics and challies in fair demand. Light dress ginghams and chambrays steady. Men’s wear woollens quiet. Carpets advanced by leading agents.
At London wool sales on December 5 a large and varied selection sold well with little withdrawals. Attendance was high for the season and prices remained firm. Totals showed 11,057 bales offered from regions including Victoria New South Wales Queensland South Australia New Zealand Cape of Good Hope and Natal with varied scoured greasy prices.
Boston markets December reports quiet but steady flour and grain trading. Domestic flour range shown with varied grades from fine to patents, and exports for Canada noted. New York receipts and exports listed with home trade gains and price levels for winter wheat and city mills.
Market notes show Chicago Milwaukee St Louis and New York activity in wheat corn rye oats and millfeeds. Prices firm and dull varied by grade with receipts large and demand moderate to light across states and cities.
Wholesale butter quotations vary from 32 to 35 cents with quiet trade. Ice house stock and creamery fats show readier sales, while Western and Vermont lines range in the mid to low 20s and 30s. Cheese remains strong yet quiet with mixed regional quotes, eggs demand subdued but steady, and beans showing solid activity at old prices.
Foreign medium beans steady with diverse grades from extra small to yellow eyes and red kidney. Grass seeds, Timothy, clover, and alfalfa show firm values across regions. Potatoes and sweet potatoes quoted with regional varieties and price ranges. Poultry and game items indicate tight stock and steady demand, with hay and straw prices holding firm.
The steamer L D Baker is due here December 6 with a cargo of bananas for the Boston Fruit Company. The steamer Aguan is due December 13 carrying Jamaica fruit for the Boston Fruit Company.
Snow and Co’s auction liquidates fruit with Almeria grapes at 150 per barrel and shellbark nuts at 2 per bush. Florida russet oranges fetch 250 per box. Peaches, late Bilyeng, sell at 2 per crate. Apples vary by cultivar with mixed quotes. Grape demand quiet, isabellas and concords priced above. Oranges and lemons display fair demand. Jamaica oranges at 3 per barrel and Florida oranges at 3 to 4 per box. Cranberries steady with tiered pricing. Nuts steady. Virginia peanuts and pecans quoted, chestnuts and hickory notes.
In Chicago open, provisions firm with wheat, but Armour acts as pork and lard seller and closes weak. Prices move across pork products with long cuts at 18 dollars, backs around 18.50, lean ends near 18.50, and lard higher on export demand. Beef and other meats show mixed activity with dull beef and firmer lard in New York and Chicago markets.
The list shows old price quotes for apes and a variety of produce including marrow squash at 1 bbl, turban squash at 1 25 to 1 50, Bay State turban at 1 50 bbl, Hubbard squashes at 1 25, Savoy cabbage 50c bbl, red cabbage 1 50 bbl, onions 1 20 1 40 bbl, crate onions 75c, beets 40c, carrots 50c bush, lettuce 8a, turnips 40c box, Russia yellow turnips 75c bbl, rutabaga 750 bbl, French turnips 1, canlifi flowers 1 125 doz, celery 1 as 00 box, parsnips 60c bush, spring onions 40c bush box, Norfolk spinach 1 bbl, sumpkins 1 bbl, and a note about Norfolk boat due Friday with 327 packs?
Stock Yards Kansas City market shows cattle receipts at 6790 with prices 330 450 for shippers, 2 265 for rangers, 150 275 for native cows, receipts 5048 for sheep, market steady at 240 365, heavies 505 515, mediums and lights 5 515. Hogs in Chicago market steady at 5 520. Cincinnati hogs firm for common and light.
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