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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Mar 03, 1888
Page
6
Boston money market shows steady borrowings at 2 1 2 percent at clearing house while manufacturing loans turn as low as 4 1 2 percent for a year and other papers trade 4 1 2 to 5 1 2 percent. Exchange totals rise with New York markets stronger yet dull and heavy overall.
The Bourne Mill Company of Fall River declares a monthly dividend of 1 percent. The Acushnet Mill Company of New Bedford declares a quarterly dividend of 2 percent.
Tre Kansas Investment Co pays its mortgage interest due March 1 at its new banking rooms located at 2101 Devonshire Street, corner Wuier Street.
Farnum Reardon report notes corn up one cent on strong outside buying and short covering due to strike fears. Wheat tracks corn with stronger cables and continental buying. May oats hit 317 cents on local operator activity. Provisions dull with pork and ribs mixed. grain movement lists receipts and shipments for February 29 1888 and prior.
London reports mixed stock activity with United States shares listed at 4245 10858 and varied railroad performance. Heavily traded names include Canadian Pacific Erie Reading New York Central and St Paul with notable percentages and a money rate of 2.2 percent and three month bills at 1 2 percent.
The report lists multiple commodities with price or demand signals. Ingredients like flour and corn are steady to firmer, oats firm, butter quiet, eggs lower, beans and pork firm, lard and ham in fair demand, lambs moving, cranberries scarce, Florida oranges in fair demand, and miscellaneous meats and produce showing unchanged or steady trends.
Money on call eased 2 to 3 percent with last loan at 3 and close at 2 21. Sterling dull. Government and railroad bonds steady to weak. Stock market weak overall with brief midday activity in Reading, Louisville & Nashville, Western Union, Missouri Pacific. Closing near day’s lows amid uncertainty from Washington legislation, rate wars, and strikes.
The Halifax fish market reports firm prices with moderate receipts for the week. Mackerel supplies remain unchanged, codfish and New Georges are scarce, dry cod is limited, and herring demand is improving with moderate box sales. Norwegian trade grows with smoked sardines and pickled herring expanding. stockfish sells wholesale at seven to eight cents per pound. The fresh fish market stays steady with receipts adequate for demand.
The record compiles weekly receipts by fish type and market prices. It lists mackerel, herring, cod, hake, pollock, haddock, and various canned and fresh items with vessel, origin, and price figures. Prices cover dry pickled, ganned, and fresh categories across multiple sizes and preparations.
John E. Welsh flour firm reports a steady flour market with firm millers and prices for fine to patent grades. Corn and oats advance slightly with firmer futures. beans, meal, and buckwheat flour show steady demand.
The regular monthly fruit and produce exchange meeting is set for today with a large attendance expected. Discussions will cover the daily call value and new features to boost it, alongside market notes on Burren, cheeses, eggs, beans, and grasses.
The report lists prices for vegetables and fruits including potatoes, sweet potatoes, hay, rye straw, oats, poultry, game, greens, onions, cabbage, beets, squash, Hubbard squash, turnips, parsnips, carrots, lettuce, celery and other items. Notable quotes include Aroostook and Northern rose potatoes at around 90 to 110 cents per bush, sweet potatoes at 45 dollars per barrel, and various hay and poultry rates.
In Chicago butter inactive and easier with Western creamery extra at 25 26c, receipts rising. Cheese firm. Eggs easier with Western firsts 18 4ae. St Louis butter firm. eggs very weak at 16c. In New York butter and cheese unchanged eggs weak with Eastern firsts 22 23 4c, Western 21 4ea 27c. In Liverpool cheese steady at 56s colored and 58s white.
Florida oranges remain in moderate supply with firm prices from the prior week. Valencia Messina Palermo and Florida varieties show steady demand with quoted box and case prices for peels and lemons. Cranberry demand is very quiet with Cape Cod prices varying by grade and container.
Porks lard and hams move quietly with steady quotes for long and short cuts, backs, lean ends, and sausages. Fresh beef markets steady with cattle, lamb and veal notes. choice cattle in fair movement, smaller supply expected, various cuts priced per pound and per hundredweight across regions.
Sugar prices hold steady as raw and refined markets show modest demand. Molasses offers select Porto Rico and other varieties at varied cents per gallon. Tallow remains steady with active movement. turpentine and petroleum futures close mixed in New York and London with rosin and tar prices also noted.
New York reports flour receipts and prices for various grades and brands with large shipments and exports. Wheat and corn values, basing on multiple classes, show steady or firm trends. Chicago notes quiet flour, higher No 2 spring, and active corn with mixed provisions market amid steady pork and lower lard.
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