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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
May 21, 1887
Page
6
Boston money market remains quiet with fair loanable funds and steady demand. General paper yields 4 to 5 percent, single names 5 percent and up. call loans with collateral 4 to 5 percent. New York describes ease in bank statements, rising securities, and a mixed outlook, with several rail and utility stocks showing varied movements and notable dividend notes.
Today's transactions aggregate 216,617 shares. The report lists shares sold with opening, highest, lowest, and closing prices for today and the closing price yesterday. It notes market activity and price ranges across listed securities.
Money on call easy at 4 to 5 percent with last loan 4 1 2. Prime mercantile paper at 56 5/8. Bar silver 94. Sterling exchange dull. Government bonds dull and steady. Railroad bonds active and firm. Stock market quiet with a weak tone after 2 15. Missouri Pacific weak and down 1 4. Close dull near opening. Railroad bond sales 2 196 000. Erie seconds 384 000, Atlantic & Pacific incomes 266 000, Nickel Plate receipts 258 000. Active trading in Fort Worth & Denver firsts and other issues. Prices noted for many bonds and certificates across several lines.
Commercial matter reports mixed but steady conditions in commodities with flour firm to very firm and oats and rye showing quiet patterns. Butter and eggs move firmer while beans and potatoes hold. livestock and provisions remain quiet and prices largely unchanged across apples, hay, sugar, molasses, tallow, and grasses.
The fish market shows subdued trade for dry and pickled fish with strong prices for mackerel. New mackerel are scarce, mainly imported from New York, with prices for different sizes noted. Receipts from New York and Nova Scotia vary weekly, and the American sardine exchange reports a sharp drop in seasonal packing, signaling continued scarcity and rising prices. Several schooners arrive with fresh and salted mackerel, while bait remains scarce and herring fisheries show modest activity.
The May 20 market notes flour prices steady with wheat holding and a tendency to rise. Corn and oats show limited activity with quiet quotations amid mixed bids and several steady sales. various grain grades and lots traded, and extensive Chicago quotations listed for wheat, cornmeal, rye flour, oats, barley, malt and hops.
The Pacific coast salmon trade shows high profits and strong packing plans. Last year’s pool managed by William T. Coleman Co. yielded large gains with 600000 cases controlled and prices up $1 per case. This year prices open $1 higher and 750000 cases sold, with Coleman & Co. dominating commissions across Sacramento River Alaska and Columbia River packs. Expected total production 1,000,000 to 1,250,000 cases as crews prepare for the new season.
Market tone eases for butter with larger receipts yet light sales in small lots. Price variations appear by city with Philadelphia at 21c creamery, St Louis heavier, New York weak, Chicago very weak, and Western creamery 17-18c. Cheese scarce and mostly nominal with varied regional prices. Eggs steady to firm, beans and grasses steady, potatoes fair demand, poultry receipts light, fowls mixed by region.
A dense price sheet lists fresh and frozen poultry including Turkeys and fowls with regional variations. It covers beans peas timothy clover and red top hay, plus potatoes from Houlton to Aroostook and tallow bids by city and country quality for margarine uses.
The excerpt lists current pricing for apples including Baldwin and No 2 apples with several weights and prices. It also covers dried apples with evaporated varieties, foreign fruits such as Valencia oranges lemons from Messina and Palermo, and Florida and Bananas with multiple origin lines and price figures.
The market shows solid demand for trucks and ample native asparagus priced around 75 to 874 ac per dozen. Southern beans are in poor shape at 4 dollars per crate wax and 150 to 200 per crate for string beans. Green peas bring about 1 dollar 150 per crate with spinach, dandelions, and other greens in steady supply at 12 to 15 cents per bush. Bermuda onions firm at 165, Levant at 250 per crate, Florida cabbages at 8 dollars per 350 pounds. New Bermuda potatoes scarce, selling about 650 to 700 per barrel. Other items include cabbage Florida at crate 2 to 3, beets 125 per bush, Canada turnips 125 per barrel, St Andrew turnips 160 per barrel, Hubbard squash 3 360 per barrel, native onions 4 per barrel at 38 cents per 3 25, parsnips 150 to 47 per bush, rhubarb 2 to 2 5 per cent per pound, native cucumbers 8 cents each per crate 3.3
The market for packed meats is quiet yet steady with no price changes. Fresh beef shows light demand and fairly steady prices while other fresh meats are dull. Chicago quotations show varied figures for lard, pork and lard long cuts, beef types, and fresh meats including specific prices for different cuts and preparations.
Cotton futures opened steady and closed weak across the May to November delivery months. The spot market opened quiet at middling Orleans levels, with 10,000 bales sold and 22,000 bales received. Liverpool weekly data show American and speculator movements, while New York futures opened easy and closed quiet and steady with varied bid and ask quotes.
New York on May 20 reports flour receipts totaling 125 918 packages and 8263 barrels with 300 sacks. Sales show 15 500 barrels and No 2 prices at 240 325 dollars, common to good extra Ohio at 340 500 dollars, and common to choice extra St Louis at 340 510 dollars. Other figures remain unchanged including 1600 barrels for city mill extra.
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