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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Feb 20, 1890
Page
6
Boston money market firm with Clearing House rates rising to 4 percent and loans on time 4 1 2 to 4 3 4 percent. Calls with collateral security 5 1 2 to 6 percent. Exchange figures show declines versus a year ago and bond offerings total 1 5 2 8 000 dollars. Oregon Short Line earnings cited. copper stocks mixed as Tamarack and Quincy reports touch on profits and dividends.
The Boston Stock Exchange shows modest gains in equities with notable activity in mining shares and transportation issues. Prices fluctuate on weather, exports, and regional demand as corn and winter shipments stay steady while provisions ease and hogs see lighter trade as Lent begins.
On February 19 money on call eased to 2 to 4 private loans. Prime mercantile paper at 5.6. Bar silver 95 14. Sterling quiet. 60 day bills 4.8242. demand 4.86. Government bonds dull. railroad bonds heavy. Stocks steady to firmer late after a quiet session. Tennessee Coal rose to 79 while others drifted. Rock Island and Burlington & Quincy fell. Louisville & Nashville and Tennessee Coal depressed. Lackawanna, Missouri Pacific, Union Pacific down from highs. some recoveries near last night’s close. Bond market dull. Oregon Short Line, Big Four weak. Manitoba consols 116. Oregon Navigation 110.
Today’s transactions total 279,209 shares. The following items show shares sold with opening, high, low, and closing prices for today and the previous close.
London report shows Canadian Pacific 7678 Mexican ordinary 37% St Paul common 70% New York Central 1084e Pennsylvania 56 Mexican Central 728. Paris quotes 3 per cent rentes 87.90 francs, Consols 97 16 for money and 97 16 for account Evie seconds 10342 Mexican ordinary 37 43 New York Central 109 bar silver 43 34 money 5 42 6 per cent bullion into Bank of England today £9000.
Leather steady while hides weak. Boots and shoes unsatisfactory. India rubber higher. Flour quiet. Corn easy. Oats dull and plentiful. Rye flour firm. Cornmeal unchanged. Oatmeal dull and very quiet. Barley dull. Milkeed strong. Cottonseed meal nominal. Malt slow. Slops nominal. Butter unchanged. Cheese quiet. Beans plentiful. Exes very firm. Poultry steady. Gone slow. Potatoes unchanged. Sweet potatoes quiet. Hay and straw unchanged. Apples steady. Track quiet. Mediterranean fruits plentiful. Florida oranges not very active. Almonds, grapes firm. Cranberries scarce. Dried apples quiet. Nuts steady. Pork products fairly active. Beef and tongues quiet. Fresh beef plentiful. Other fresh meats steady. Tallow slow. Sugar unchanged. Molasses quiet.
On February 19 at London wool sales 12 288 bales were offered with medium quality predominance. NSW greasy merinos and Victoria greasy crossbreds drew good competition and prices favored buyers while Cape of Good Hope and Natal wool drew keen interest. Greasy prices edged up occasionally by a farthing. detailed offerings list by region include Victoria 2500 bales scoured and greasy lines, NSW 4600 bales with varied scoured and greasy classifications, Queensland 200 bales, South Australia 1000 bales, Swan River 300 bales, New Zealand 300 bales, and Cape of Good Hope Natal 3300 bales with respective scoured and greasy prices.
Wheat closed firm amid a narrow range as mild weather cooled fears of a drop in temperatures. Trading opened subdued by improved conditions locally and in the North, but early caution gave way to firmer sentiment as buyers resumed activity.
Fall River February 19 print cloth market remains quiet with little activity quoted at three ec for 64s.
Dealers report a brighter mood across horse markets with more buyers and easier selling. At Walker's Bazaar two sales totaling 85 head showed prices rising to 260 for a driving mare. many horses sold between 175 and 250, with a strong week for heavy and driving horses. Several houses including Isburgh & Co, Welch & Hall, and Edgar Snow & Co noted solid demand, short turnover, and favorable outlook for the next month amid improved weather and steady prices.
Market remains steady with steady demand for various leathers and no major speculation. Labor troubles at Woburn persist, affecting some hides. No 1 leather and cheaper grades remain most sought, prices largely held across Buenos Ayres, Montevideo, Buffalo, and California origins with steady turnover in crop sole, rough upper, and finisher hides.
The movement in foreign hides has consisted largely of sales from recent arrivals. Lots in store are quiet, but prices are believed to have touched their lowest point on desirable parcels. Buenos Ayres are offered at 13 1/2c and Montevideo at 4c. Domestic hides are meeting with an auction trade, and prices are in favor of buyers. There are quite free offers of buff hides from Ohio points.
Report notes smaller gains in hide prices with seconds and B hides more plentiful and selling at 4 44c. New Zealand hides quiet and weak. Observes the recent advance not sustained on domestic hides and signs of a wrong movement to inaugurate.
The boot and shoe trade reports disappointing orders and countermands for spring goods with large retailer stocks. Warm winter slows demand for heavy items while more buyers appear, keeping prices steady. Analysts anticipate improved business as market activity rises and competition remains tempered.
Market notes show advancing prices for India rubber due to firm overseas demand and supply constraints. Manufacturers hesitate to buy, while buyers operate freely. Liverpool cable quotes 37d bid for fine. local fine advanced to 724738e and coarse to place. New York arrivals, including the Basil with 1,000,000 lbs from Para, mostly sold direct to manufacturers.
A detailed report on flour and grain carload prices across regions. It lists receipts and current bids for various grains including corn, oats, rye, barley, and wheat, with New York Chicago and St Louis markets covered. Prices range from basic flour grades to export patents, noting a generally quiet, light-activity market as stocks dwindle.
Receipts today list butter 2146 pkgs 1518 boxes oleo 110 pkgs cheese 2019 baan eggs 47 bbis 1660 cases beans 254 bbis potatoes 8 Cars sweet potatoes.
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