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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Sep 04, 1890
Page
6
Boston money market shows loans at 6 percent with New York funds at a premium. Clearing House balances, New York exchanges, and government securities mark a cautious session. Arbiters note Atchison matters, Rock Island linkage, and Fitchburg Cheshire sale plans influence regional stocks and rail earnings.
Money on call was easy at 2 to 6 percent with last loan at 2 and bar silver around 115 4. Sterling exchange held dull. government bonds steady. The stock market opened flat, with Rock Island and Atchison showing activity on hopes of harmony, then drifted with small gains and losses, closing near opening figures. Burlington & Quincy fell 15 8 to 100, while several railroad bonds edged higher on the day.
London markets show Consols at 95 15 16 for money and 96 4 for the account with mixed moves across railway stocks. Canadian Pacific and Erie list slight gains while New York Central and Reading edge up, reflecting cautious postmorning trading.
Leather firm while hides quiet. India rubber higher. flour firm. corn lower. oats steady. Butter very firm. cheese strong with fair demand. Beans firm with ample supply. Potatoes steady. sweet potatoes easy. Poultry quiet. trucks slow. Oranges normal. lemons firm. apples plentiful. pears fair demand. Grapes in good demand. peaches scarce. Plains steady. berries quiet. California fruit active. Pork products unchanged. corned beef and tongues quiet. Fresh beet steady. other fresh meats plentiful. Sugar firm. molasses steady.
The first of September brings no improvement in demand as dealers anticipate better trade later in the month when customers return from trips. About 76 head offered at Isburgh & Co with prices mostly under 200 dollars. similar dullness at Walker's bazaar where 50 head sold under 150 dollars. Marketwide notes show plentiful stock, mixed prices, and cautious buyers. insiders expect gradual pickup through September.
Trade shows no price shade as leather dealers hold to full quotes. Buyers, including manufacturers, have been active for weeks but deliveries lag. Prices for Buenos Ayres, Montevideo hides, and calfskin remain firm with small stocks and rapid absorption. crop sole leather stays strong.
The report notes limited rough stock and moderate production keeping a firm market. Prices hold across rough splits, belting, leather types, and finished calfskins with steady demand for wax, kip, and brogan leathers and active plough shoe grain sales.
Market activity in boots and shoes increases with more buyers and rising spring orders. Prices for spring wool, calf, buff and grain goods advance. jobbers discount older stock yet await fuller orders. Trade officials forecast continued strength as leather and hide markets stay firm.
The hide market shows limited sales for both foreign and domestic goods. South American No 1 hides sell at 16d and No 2 at 14d, yet large lots fail to move. Western buff hides hold firm with quotations around 8 1 8 1 2 cents per pound. New England hides are in moderate demand and the market remains steady.
Demand remains strong and supplies tight for india rubber. New fine para quoted 95 98c and coarse 67 8c. Abroad reports favorable, with Para noting Island fine at 3350 reis and coarse at 2450 reis, exchange 22d. Para receipts in August reach 1100 tons.
Receipts show 14 878 barrels and 12 675 sacks of flour plus 220 sacks and 175 barrels of oats and 485 barrels of cornmeal. Flour demand rises with several sellers reporting good business. market firm with some 10 cent barrel advances. Wheat quotes range from 3 4 to 6 60 for various grades. oats and meal show steady activity and modest gains in certain lines.
Receipts today include 47 040 bush corn 600 bush wheat 58 250 bush oats 189 tons millfeed and 6830 bush malt. Inspections show 49 cars with 15 cars corn and 4 cars cats. steamer yellow corn 59 cents per bushel. oats demand fair with No 2 white 46 47 or 48 cents. No 3 white 45 46 cents. old oats 48 50 cents. malt steady at 72 per bush. millseed demand fair with prices 18 75 to 19 00 per ton. middlings scarce at 3 per cwt. cotton seed slight demand and nominal.
The market shows firm tone for butter and cheese with dealers pushing higher prices while buyers resist. Northern creamery supply limited, Western creamery in fair supply but few premium butters. Quotations listed for various creamery and dairy products, with little change in Chicago, New York steady for cheese and wholesale receivers’ prices noted.
Prices rise for jobbing goods with Western and Northern markets firm. Tea and New York trade show strength, Chicago steady, and eggs and beans demand remains good though activity slows. Hay, straw, poultry, grass seed, and potatoes show steady to easy prices amid ample supply and cautious buying.
The market is well supplied with steady demand. Prices listed include onions at 2.50 per barrel and Malta onions at 2.76 per 300 basket, carrots 80 to 90 cents per 606 dozen bunches, beets 50 to 60 cents per bush, lettuce 50 cents per dozen, turnips 2.50 per barrel, cabbage 4.5 to 5 per box, cucumbers 50 cents per 4 100 count, tomatoes 50 cents per bush, parsnips 50 cents per dozen bunches, and other assorted items with varying units and quantities.
Mediterranean fruits scarce with lemons easing in price and quiet trade. California fruit demand steady with modest gains. Rhode Island melons and apples vary, while cantaloupes and pears show active stock and easy prices. Jamaica bananas expected on the Hthelred with a Friday arrival and a Thursday train carrying potatoes grapes vegetables and melons.
Harms & Co auctioned California fruits with listed prices for peaches nectarines Muscat grapes black Hamburg Rose de Peru prunes snow and various plums and grapes. Victoria plums Columbia plums gross lums Susquehanna peaches Cling peaches Crawford vaccnes Tokays and Rose de Peru appeared with quoted bids and ranges.
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