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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jun 17, 1890
Page
7
Downtick mood across markets with dull trading and a flat close. Oregon Transcontinental and other rails saw minor moves after a stockholders address outlining a new deal. Bond activity remained dull as prices drifted, while money markets held steady and exchange rates showed little change.
The report lists percentages for St Paul common 41 and Reading 77 with 23 and 2 percent details, money figures and discount rates in the open market at 2 p.m. Paris advices show 3 percent Tentes at 93 francs. Bullion movements indicate Bank of England balance of £10,000 with money abundant at 14 percent by 5:30 p.m.
The report notes a very quiet dry goods market with few new features. Cotton goods remain strong with high raw material costs, while woollen goods face uncertainty and mills shut down. Grain and produce trade show steady prices for butter cheese eggs and potatoes amid mixed livestock, with export demand for cottons steady and stocks varying in elevators.
The wool market shows fair demand but limited price activity as receipts rise. Western markets stay firm with higher prices to growers, while manufacturers buy in small lots. Ohio fleece sells at 31 32c for X and 33 34c for XX. Michigan at 30 31c. territory wool holds 60 62c clean for fine, 58 60c for fine medium. Texas and California wools steady. pulled wools accumulating. foreign wools sold up.
The cotton market experienced unusual fluctuations with early week declines followed by gains on Friday and Saturday, closing firm. Spot demand remained fair, weekly decline 1-16c regained, middlings quoted around 12.¼ to 12.6c. Crop reports and rainfall in the Southwest influenced the market with generally favorable conditions in Texas and the broader South. For the week ending June 13, receipts reached 4,885 bales, with total since September 1, 1889 at 5,771,298 bales, up 288,399 from 1888-89.
Receipts show 2520 bbls and 3561 sacks flour 600 sacks and 550 bbls oatmeal 1075 bbls cornmeal. Demand modest and trade dull. Wheat crop prospects are poor with expected fall in production and limited export surplus. Outlook favors higher flour prices as Western wheat stocks tighten and speculative sentiment remains cautious.
The report notes favorable seasonal signs and suggests better prices for the incoming crop than current remnant values. Flour prices remain steady with various grades listed, including Minnesota and Canada exports, while rye, graham flour, cornmeal, and oatmeal show steady or active trading at specified price ranges.
A Tuesday report notes a train with 6 cars potatoes 3 cars vegetables 2 cars berries and 1 car cabbage. A separate item lists H Harris & Co auctioning California peaches apricots and plums on Wednesday and a Thursday sail of the Mediterranean steamer Naovles carrying Palermo oranges and lemons.
The Naples arrives with 10 600 half boxes of fruit 100 boxes Palermo oranges and 23 500 boxes Palermo lemons. Kong Frode Elgiva and Viking steamers forecast arrivals with Jamaica and Baracoa bananas for the Boston Fruit Company WW & CR Noyes. Trade notes: beef pork and lard receipts and prices. fresh beef shows improved demand and higher prices. sugars and molasses markets steady. cotton markets mixed with futures and global quotes. print cloth market steady at Fall River. Chicago and Liverpool markets show varied grain and provisions trends.
Closing wheat prices in Milwaukee and Kansas City cattle and hog markets show steady trades. Cattle steers fetch about 3.67 to 4.60 with cows and stockers listed. hogs range 3.60 to 3.65 with heavies and Yorkers near 3.60. sheep trade at 3.25 to 4.50 and pigs around 3.50 to 3.60.
The report covers pipeline certificates closing times and bid highs and lows, names F W Prescott & Co at 54 Devonshire Street, with June closing data. It also lists charters, runs, and shipments for June 12 and refined product prices, Turpentine rosin tar and petroleum prices with related per gallon and per barrel figures.
Cargoes off the coast show wheat quiet but steady corn steady on passage wheat slow and corn firmer at Mark Lane English quiet foreign aturn easier American corn firm Canadian corn quiet flour inactive English and American markets firm at Liverpool spot wheat quiet corn firmly held Wheat futures dull corn futures steady Prices listed for California wheat mixed American corn and Paris wheat and flour rates noted in the market brief
The June 16 1890 report lists freight from Yarmouth NS Halifax NL Palermo PQ and other ports. Notable items include mackerel lobsters eggs sugar flour fruits and various cargoes on steamers and schooners bound to and from Yarmouth Halifax Annapolis Digby and Port Maitland with multiple firms named such as Hammond F L Clements Barclay & Co J G Hall & Co Delong & Seaman and Morse & Holt. A detailed tally of boxes cases bales and crates accompanies each vessel.
A warrant in insolvency was issued against Martin E. Evans a Boston milkman. Creditors must prove debts and elect a receiver at a Court of Insolvency session in the Probate building Court Square Boston on June 27, 1890 at 2 PM.
The notice describes elegant vestibuled sleeping cars for Cincinnati and Chicago routes. It mentions Albany and New York connections with a focus on streamlined travel and the upcoming service expansion. The text highlights the novelty of the sleeping car design for long journeys.
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