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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Sep 13, 1887
Page
6
Grain and animal products show mixed firmness with corn oats rye and barley steady or firm. Butter cheese eggs and meats vary from quiet to higher demand while sugars molasses and molasses hold steady. Apples plentiful and truck demand fair alongside flat to quiet notes across foodstuffs.
The week opens with firm discount rates across banks and outside paper at 6 to 7 percent. Treasury data show reserves slipping and deposits rising. New York exchanges fall from year-ago levels while Boston and Midwest markets stay subdued. Local stock activity remains dull with Atchison earnings up modestly and several rail securities changing hands.
Today the exchange reported total shares sold at 257 633 with figures for opening high low and closing plus yesterday's closing. The list items share totals and prices across the day.
The Railroad Gazette discusses the Baltimore and Ohio loan and the firm’s undivided profits invested in nonincome properties. It notes railroad executives earning high titles and reports fare changes, Philadelphia events, and various mileage and earnings figures across multiple lines including Pennsylvania, Lake Shore, and Atchison subsidiary lines.
The report notes no change in the flour market with firm spot prices and moderate demand. Corn stays firm but sells slowly. oats rise but are mostly bought to meet immediate needs. Prices and stock levels across futures and elevators are listed, with detailed quotations for oats, wheat, corn, and related products.
Receipts of lumber in San Diego soared in August with 16,000,009 feet, up 8,000,000 from July and 7,000,000 from May. Los Angeles real estate transfers totaled over 11,250,000 in August, up 2,000,000 from July, with another 500,000 added in the last week. August is usually a slow month.
The Middletown Bank, which failed in 1884, will pay another dividend of 16 percent to depositors, bringing total distribution to 70 percent.
Stock and bond orders executed in Boston New York and Philadelphia by Kidder Peabody and Co Bankers.
Boston notes ex-dividend and paid assessments for railroads as of Sept 12 with price quotes and changes across Union Pacific Utica and B R W Stein & P American Oil and other mining companies. Bonds and express firms show closing figures and percent changes alongside various regional and national stocks and notes.
A sales report by Wilson W. Fay & Co. in Boston lists Sept 12 activity for various mining and miscellaneous stocks. Items include Am Shoe Tip, Maverick Land, Eastman Car Heater, Kensington Chair, Frenchman's Bay, Lord Acoustic Tel, Mass Lord Acoustic Tel, Security, Am Elec Mig, Brutus, Tol Cin & St Louis, and Burton Stock Car with quoted sale figures and counts.
Money on call ranges 2 to 7 percent with last loan 3 and close at 3. Prime mercantile paper higher. indorsed bills receivable 7 percent. Bar silver weak at 96.75. Sterling exchange firm. government bonds dull and steady. Stocks fall early then remain quiet though a few show activity. Lackawanna gains 0.75%. Bond market features drops and recoveries. total daily sales around 699,000.
U S financial markets in London show mixed quotes with American shares and bonds at various levels. Paris quotes 8 percent rentes at 82 francs 16 centimes. money market rates for short bills at 3 to 4 percent. bar silver at 44 1 4 pence. Bank of England balance withdrawals today amount to £20 000.
Reports from Harford county Maryland indicate a quick sale for tomatoes at about 95c per can with variations by brand and market. Corn sells around $1 to $1 02 1 4. packing prices firm at $2 for 2 pound tins with attempts to raise the rate amid a tight supply of beans and dried fruits.
Milling Bran at 318 50 19 00 per ton in sacks for spring and winter wheat at 19 50 20 00. Feed and middlings steady at 19 22 per ton. Cottonseed meal 24 50 256 00 per ton. prime on spot 25 50 23 75 to arrive October. Rye quiet at 65 70 cents per bushel. Malts: Canada six row 85 05. state six row 75 80. two row state 65 70. Hops: 1886 Eastern and New York 14 to 15 cents per pound. LA 13 to 18 cents. 1885 5 to 8 cents.
Butter and cheese prices show little change with regional quotes ranging from 20 to 25 cents for Western creamery and 11 to 16 cents for various cheese grades. Eggs and poultry steady amid tight supplies. beans, seeds, hay, and potatoes hold firm with firm to good demand. Tallow, sweet potatoes, and rye straw show muted movements while certain Western creamery and Vermont items vary by grade.
The perch train carried thirteen cars. Prices show white fruit at 60e to $1 and $1 251 76 for yellow fruit. Bartletts selling firm but ripeness reduces value while grapes are in ample supply with good demand for select stock. Plums steady. Cape Cod cranberries appear at $3 per case and 88w9 per barrel. Apples list Gravenstein and Porter varieties with per barrel prices. grapes from Hudson River listings vary by variety. plums feature Bradsnaw & Quackenbos, Blue, Green, and Daimson crates. Bartletts and Clapps Favorite noted. oranges lemons and bananas priced per box or crate with regional origin notes.
A fragmented price list shows various produce items with per unit costs. Items include onions, tomatoes, cabbages, beans, Lima beans, corn, beets, squash, carrots, lettuce, cucumbers, parsnips, pickles, and eggplants with prices quoted per basket, bush, box, or barrel in a market listing. Entires mention native varieties and mixed items with costs ranging around 20 to 275 dollars in old currency values.
Market tone and prices unchanged with long cuts at 17 50 to 18 60 for pork and lard, ribs and sausage at 10 10% price range, hams 12 12 1/2 cents, beef items including extra prime at 15 50, plate and various cuts priced, fresh beef listed with steers, heifers, and chucks at multiple cents per pound, lambs and mutton priced by quality and weight. Other meats include country dressed hogs and assorted veal and ribs with precise per pound figures.
Liverpool futures opened steady and closed quiet at several September to April rates. Spot market showed active trade with 15 000 bales sold and 160 bales received in New York. Prices ranged around middling uplands with slight declines by day end.
Cotton futures opened steady with higher prices and total sales at 112,600 bales. The day’s market table lists opening and closing quotations by month, while line items cover pipe line certificates, raw sugar and refined sugar prices, molasses quotes, and cargo values for Porto Rico, Cienfuegos, Barbadoes, and Cuba.
New York reports flour receipts 42 450 pkgs exports 125 bbls and sales of 21 000 bbis with white and Minnesota grades up to 4 90. Chicago and Milwaukee show mixed grain prices with No 2 spring 68 5c, corn weak or lower, oats steady, and pork and lard trading amid firm to soft demand across the Midwest.
Market reports show hogs steady to firmer with receipts around 3000 and shipments near 3500 in Peoria and Kansas City. Chicago cattle and sheep receipts around 2000 and 6000 respectively with Western and Texas cattle mixed and demand uneven.
Market report shows net receipts and prices for Augusta, Galveston, Mobile, New Orleans, Memphis, Savannah, Charleston, Wilmington, Norfolk, Baltimore, New York, Cincinnati, St. Louis, Louisville, Philadelphia. Totals: three days receipts 38 812, exports to Great Britain 10 023, United States ports 145 740.
London dispatch notes mixed cargo activity with wheat offerings aboard coastwise and Atlantic passages. The report cites ships loading and ready for shipment, reflecting varied market posture for grain through the season.
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