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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Nov 30, 1886
Page
6
The market opens steady with call loans 4 to 5 percent and prime paper 4 to 6 percent. Bank reserves gain 829,871, while deposits rise 74,200. stock trading shows gains in Union Pacific and Wisconsin Central with diverse moves across rail and utility issues.
A wide selling day turns into a strong close as railroad and utility shares lead gains. Western Union and Jersey Central rebound while Texas Pacific and Union Pacific post notable advances in a sweeping market upturn.
The London market reports U S government bonds and industrial shares with figures for United States 4s 13254 and 41 48, Atlantic and Great Western tests 5434, Canadian Pacific 3553, Erie 3553, Illinois Central 187% and New York Central 118%3, along with other named issues and read when ing quotes.
Money on call ranges from to 20 with prime mercantile paper at 405. Bar silver holds at 106%. Sterling exchange dull and steady. Government bonds dull but strong while railroad bonds are active and generally strong. After 2:15 the stock market shows activity with Texas Pacific and Union Pacific leading while Reading again tops gains.
A hodgepodge of transfers and mortgages lists numerous individuals selling land and buildings in Dorchester Charlestown and surrounding Boston streets. Names include Foster Noyes Wheatland Dale Hayden Brooks Doherty Power Braman Hospital Life Insurance Company Cook Browne Dorch Noyes Train Fairview Wickerson Robinson Bowditch Roxbury Boardman Boardman and others with parcels on Westminster Boylston Kingston Acorn Charlestown Huntington Appleton Concord Square Dorchester Pond Street and Walpole Street. Values range from 4000 to 11000 with several mortgaged back and dates in November.
A historical price roundup notes steady to firmer trends across metals and staples. Pig iron and sheet iron show good demand, copper and tin firm, flour and cereals firm, dairy items steady, pork and lard unchanged, and vegetables like squashes and potatoes with steady demand or quiet activity.
Domestic pig iron and Scotch pig demand remains solid with prices held. Diverse metals including ingot copper lead tin and sheet iron show firm quotations, with steady butter eggs and produce markets, while hay, potatoes, and freight markets reflect stable trading and ongoing demand.
The market for flour is firm with quiet business, while corn shows strength and rising prices. Oats stay firm with moderate demand, and various white and mixed oats prices are listed. millfeed remains steady. Inspectors report diverse grain movements and extensive stock data across elevators and Chicago exchanges.
Milling feed and grain quotes include millfeed at 1550 per ton bulk for spring, winter wheat 416 1650 and sacks for 41 more, middlings 16 to 20 per ton, cottonseed meal 2450 per ton prime 2250 arrival. Oats and barley prices listed with various grades and regional references, along with malt hops prices for 1885 season.
Apples quiet with four moderate sales for choice lots and ordinary lots dull. Pears steady with mixed demand. Cranberries unchanged and trade not active. Grapes slow at prior quotes. Nut markets show moderate demand for peanuts and fair demand for hickory and dried apples. Prices listed for Apples Pears Grapes and Nuts with ranges for several varieties and sizes.
Prices hold on beef with last quotes, lambs selling fairly, and pork and lard lines showing long cuts at 14.414 to 15.00 per unit. No significant changes appear in the market, with years described as quiet and unchanged.
New York reports flour stronger with large receipts and exports. Wheat higher in Chicago and Milwaukee. corn and rye also advance. Prices shown for No 2 spring red, No 2 red, and related futures. Minneapolis and St Louis note firm to higher trends in grains and provisions.
The Augusta market shows receipts 1636 with gross 1036 and steady mid-5s. Galveston reports 206 exports to Britain and stock 97,369 with dull mid 85 cents. New Orleans notes receipts 24,895, gross 25,230 and exports to Britain 1015 and France 6500, with coastwise 2552 and stock 239,700. Mobile shows receipts 3609 and gross 716 with stock 29,3053 and quiet mid 89 to 1/16. Memphis receipts 12,147 and gross 14,433 with shipments 12,093 and stock 151,024 steady mid 85 4. Savannah receipts 7787 and gross 7787 with unspecified demand.
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