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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jan 23, 1890
Page
6
The issue notes a softer money market with six percent Clearing House borrowings and calls on collateral loans ranging four to six percent. It reports on securities, including rail and industrial shares, and cites substantial bond movements, with earnings for several rail lines, copper stocks, and sugar certificates remaining active, while detailing diverse price shifts and dividend notices amid a muted overall market.
Several institutions announced dividends, including New England Telephone and Telegraph Company issuing a quarterly dividend of 3.125 per share, Barre Savings Bank a semiannual dividend of 2.4 percent, Easthampton Savings Bank a semiannual dividend of 2.44 percent, Bourne Mills Company Tiverton a quarterly dividend of 2 percent, Lake National Bank of Wolfeboro a semiannual dividend of 2.3 percent, and Tox Manufacturing Company Concord a 12 percent dividend.
Trading intensified after 12 o'clock with gains led by Missouri Pacific, Sugar, Lackawanna, and St Paul. Afternoon buying pushed prices to daily highs across leading specialties as coal stocks and Oregon Short Line strengthened, closing active and strong with a generally higher tone.
New York money on call easy at 2 to 4 percent with last loan at 2 and closing at 1. Prime mercantile paper 544 6%2. Bar silver 9672. Sterling exchange firm with actual business at 4.82 for 60 day bills and 4.8614 for demand. Government bonds dull and weak for 4s. Railroad bonds fairly active and steady to firm. There was lo
London market brief lists U S and railway securities with prices across Atlantic & Great Western Canadian Pacific New York Central Spanish Mexican and Reading shares. It notes money rates and discount levels in the open market and a £33000 bullion balance at the Bank of England overall market movement.
London markets show dull demand for wheat and corn with inactive cargoes. English wheat inquired but weak, American and Parisian corn easing. Liverpool bids steady on breadstuffs, corn steadier amid fair demand, pork and bacon varying, slight firmness in wheat futures across months. Paris firm for wheat and flour, English country markets quiet.
Leather in fair demand boots and shoes steady hides quiet India rubber not very active flour unchanged corn quiet oats firmer eye flour very dull graham flour steady cormineal quiet qatimeal dull hye steady barley unchanged millfeed dull cottonseed meal nominal malt very dull lops very quiet batter unchanged cheese quiet beans stews steady poultry in fair demand grame quiet potatoes firm sweet potatoes strong hay dull straw quiet apples steady truck dull mediterranean fruits Florida oranges unchanged Almeria grapes fairly active cranberries firm dried apples slow nuts unchanged pork products fairly active beef and tongue steady fresh beef firm other fresh meats unchanged tallow daily birth wines steady sugars firm molasses quiet
In Pall River on January 22, print cloth market remained quiet while Slee offered in market news. Gas futures generally declined reflecting cautious demand and lower trading activity across related commodities.
Dealers report continued dull horse trade with prices slipping. Individual stables show limited activity with many lots selling near cost or below, ranging from about 100 to 200 per head, while a few roadsters bring higher sums. Market conditions across multiple sale stables remain cautious and subdued.
A dated report notes mixed demand for various rubber grades amid ministered sales concessions and imports. Weather hampers rubber product manufacturing, while some importers expect a market improvement and are withholding supplies. New York arrivals sell slowly as Para receipts forecast a dip to 2399 tons this month from 2900 tons a year earlier.
The boot and shoe market shows better conditions as sickness fades and labor disputes end. Orders on hand are sizable with deliveries due by March next, signaling continued factory activity. Spring goods demand is fair but below early hopes, though duplicate orders hint at a busy rest of the season.
Receipts show butter at 12.5 to 20.0 cents with firm demand for choice creamery and dairies dull except for higher grades. Western extra creamery and New York Vermont markets quoted, with wholesale prices about 7 to 23 cents for various creams. Cheese demand quiet. sales at old prices. typical factory and packing goods offerings noted.
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