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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Mar 05, 1887
Page
6
The Boston money market shows firm rates with advances in clearing house figures. West End Land leads a record day on the Boston Stock Exchange with heavy trading and a near 24 1/2 price, while Water Power and other land stocks rally amid continued speculation and bondholder court actions.
Trading session shows broad weakness with prices drifting to new lows in late hours. Total sales reach 1,364,000 dollars with heavy declines in rail and misc stocks while bonds stay firmer. notable moves include Atlantic & Pacific 48 moving to 87 and Lake Shore first coupon at 128.
United States 4s quoted at 18114 while United States 42s at 111%, Atlantic & Great Western firsts at 47% and seconds at 11, Canada Pacific 615%, Erie 341, Mexican ordinary 6475, St Paul common 94%, New York Central 11644, Pennsylvania 5042, Reading 19%.
Money on call ranged 4 to 6 with last loan at 4 and closing 4. Sterling exchange firmer amid inquiry for bankers bill and cable. Prime mercantile paper 57. Bar silver 100 percent. Government bonds dull and heavy. Railroad bonds quiet and steady. Stock market moderately active after 2 15 with heaviness fading. Lackawanna Richmond West Point Western Union prominent as trading remained broad and close modestly active with some irregularity.
A dense roster of company names and representatives across states from Maryland to Pennsylvania. It lists firms and agents such as Lester Bros Co Cincinnati Goff Stone Co Canton and Shaub Bros Craw with various locations including Binghamton New York Philadelphia and Richmond.
An 19th century promotional notice for Menman’s Peptonized Beef Tonic claims it preserves beef’s full nutritive properties and aids blood formation, digestion, nervous debility, and pulmonary-related fatigue. Caswell Hazard & Co. of New York are listed as proprietors with sales through druggists.
Commercial matters show mixed demand with fish in fair demand and flour quiet. Oats ease while oatmeal remains firm. rye flour steady. rye and barley quiet. malt, millfeeds, butter, cheese, eggs, beans, and potatoes steady or firm. Fresh beef firmer. provisions firm. sugar and molasses steady. hay and straw quiet. grass seeds quiet. truck in fair demand. tallow quiet.
Demand remains good for various fish with mackerel quiet and pickled bank cod firm. Hake pollock and cask scarce though in demand, with fresh fish receipts fair. Western bank codfleet slated to depart around the 25th. Halifax market dull on pickled fish. Prices listed for mackerel herring codfish haddock and canned goods with extensive wholesale quotations. Reports cover Boston port exports produce butter cheese eggs and produce markets with fluctuating prices and robust activity in some items.
Boston port exports show mixed results with flour and grain in activity. Wheat and corn prices vary, buyers active for certain lots, while overall flour market remains dull though exports include patents. detailed weekly figures cover last week and futures bids.
The column lists flour varieties and prices per barrel for superfine, patent, and patent grains, plus cornmeal, rye, oats, barley, malt, hops, and milling byproducts. It notes export terms to Canada and local trade premiums, with several price ranges and unit measures across spring and winter wheats.
The report lists export provisions from Boston for late February 1887 and compares stocks at Chicago. It covers pork and hams in barrels and tierces, beef and fresh beef in ars, lard in pounds, and cattle counts. It notes firm pork prices, steady lard and hams, and steady beef demand with lambs and muttons unchanged. Prices for futures and spot markets across March to June are shown, with bacon and sausage prices and various pork products detailed.
The list shows corned shoulders, smoked ribs, bacon and ham products with percentages and prices for city dressed hogs, beef plates, mess, and various fresh meats. Also includes beef tongues, hams, roasts, and lambs with ranged prices for quality levels and regional sources.
Florida oranges heavy supply and poor condition. Apples steady with several varieties price listed for Massachusetts and Maine. Peanuts quiet at old figures. pecans light with higher prices. Dried apples mixed by type. citrus and cranberries show varied quotes. Florida oranges and Messina lemons noted with boxed price ranges.
Liverpool futures opened firm and closed dull with varied March to October prices. Spot Upland middling and Orleans quoted higher while weekly sales reached 65,000 bales. New York spot closed firm with several futures bids and asks, including March to December contracts. PIPE LINE CERTIFICATES and refined oil prices noted. Sugar markets remained firm with multiple grade quotations. Molasses quoted for cargo lots in Caribbean markets.
New York market reports show flour receipts 19,012 bbls with exports 5,532 bbls and 10,703 sacks. Wheat receipts 78,900 bush with exports 69,308. Prices listed for white wheat, spring, red and white wheats, corn, oats, rye, barley, and oils. Chicago and St Louis notes include flour, wheat, corn, oats, rye, and pork markets. Michigan and Cincinnati figures add further price ranges and receipts.
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