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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Dec 17, 1889
Page
6
The Boston Clearing House shows mixed rates with time loans 4 to 6 percent and loans with collateral 6 to 6 1 4 percent. Exchange activity rose from a year ago, while the local stock market remained dull and irregular as Lamson Store Service raiding continues.
Official report of bond sales from U S board December 1 shows bids and prices for Thomson-Houston Thomson European Electric Welding Union Electric Care and other stocks with varied dividends. Closing grain futures in New York and St Louis list wheat corn oats with bids and asks. Local Minneapolis wheat prices show cash and futures for No 1 hard and No 1 Northern.
London markets report Consols at 97 11 for money and 97 16 for account. Atlantic and Great Western firsts 36 For Canadian Pacific 76 42 and Erie around 28 Erie second 104 58 Mexican ordinary 39 44 St Paul 71 Reading 20 54 Mexican Central news 7 3%. Paris closes at 87 francs 65 centimes ex interest. Bank of England bullion withdrawn £501000.
Money on call eased to 4 percent, prime mercantile paper at 6 7, bar silver 952, sterling steady near 4.80 percent on sixty day bills and 4.842 on demand. The stock market opened dull but firm, with Chicago Gas leading a cautious rise. Sugar Refineries and Missouri Pacific posted gains, while some issues slipped. Railroad bonds traded actively, Erie seconds and Kansas & Texas 6s noted. overall close was firm with minor price changes.
Commodities show mixed activity with pork products and corn products active while staples like oats rye and many fruits remain quiet or steady. Fresh beef plentiful. oranges and grapes firm. sugars easy. molasses quiet. various feeds and yeasts show unchanged or dull trends across the agricultural market.
The dry goods market shows little overall change with cotton goods firm and bleached fabrics edging higher. Price increases spread across several mills and lines, while brown cottons and prints stay steadier. heavy weight goods show little activity amid stock concerns and cautious demand.
The report lists carload inspections across wheat corn oats and rye with totals. Visible supplies show December 7 14 and 15 readings for Wheat Corn Oats and Rye in Boston Chicago and markets, plus today flour receipts and broad price ranges for flour from Fine to winter patent and export grades.
In Fall River today the print cloth market held firm with some sales and moderate demand. Late Saturday the 64s advanced from 39-16c to 35 sc per yard for both spot and futures, indicating continued price strength.
Firm sentiment persists at week close as domestic wool buyers stay confident no price drop expected for this clip. Reports from other regions are encouraging and foreign markets are edging higher, sustaining buyers' resolve.
The cotton spot market remains remarkably steady and firm with middlings quoted around 10 3 4 to 10 1 2 cents per pound, including uplands and gulf. Providence reports show manufacturers buying freely amid a large crop, while New York markets remain unsettled though crop reports are favorable and weather and picking progress are good with little rain and high temperatures.
The May wheat market opened barely steady with January selling. Stronger cables and export purchases in New York and Baltimore boosted early strength, but abundant supply and free offerings pressured prices, driving the close lower after a bullish spur.
Today's receipts list butter 1245 pkgs and 1 box, cheese 3796 boxes, eggs 827 cases, beans 471 bbls, potatoes 19 cars, sweet potatoes 12 bbls, hay 51 cars, straw 5 cars. Last year butter had higher sales. current market cites scarce Western creameries, few jets at 27¢ and common butter easy to sell with concessions.
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