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Newspaper

Boston Post

Location

Boston, Massachusetts, United States of America

Date

Apr 02, 1888

Page

6

Money Market and Clearing House Report March 31 1888

The Boston money market closed firm with rates near 6 percent and some loans at 4 to 6 percent. Clearing house balances held at 6 percent. weekly and monthly exchanges fell sharply from last year. The New York clearing figures show declines tied to West labor troubles, with overall bank reserves, specie imports and exports noted amid a cautious stock market.

New York United States

Chicago Markets Show Corn Rise on Short Covering

Farnum Reardon reports corn futures active and higher as shorts cover after Monday receipts come in at 85c. Stocks light and market over sold push prices up while visible supply is expected to shrink. Wheat dull with July option buying by commissions and a decline in visible supply. Provisions open firm then weaken on higher on hand stocks versus last year. Week trading dull.

Farnum, Reardon & Co

Local Governments in a Network of City Bonds and Rail Lines

A listing of cities and rail entities including Boston Cambridge Chicago Cincinnati Haverhill Lynn St Paul Minneapolis Omaha Provide Pawtucket Brookline Boston Lowell Boston Albany Old Colony Kansas City Cable R. reflects a regional bond and rail transportation context with multiple municipal references and corporate ties. The fragment hints at intercity financial instruments and infrastructure connections amid a broader transportation network.

City of Boston City of Cambridge City of Chicago City of Cincinnati City of Haverhill City of Lynn City of St. Paul

Dividend notices from early 20th century firms

The Farmers' Loat pays a semi annual dividend on April 30. The Dunkin mine in New York declares a dividend of 15 cents a share payable April 16. Hydro-Carbon Gas Company of Pennsylvania announces a quarterly dividend of $2 per share payable April 15. Camden & Atlantic Railroad declares a semi annual dividend of 24 percent. Rand Trust Sanyass of Kansas declares a 5 percent dividend.

Dunkin New York Run Hydro-Carbon Gas Company of Pennsylvania Camden & Atlantic Railroad Company Rand Trust Sanyass of Kansas

New York Financial News Highlights Bond and Stock Moves

Money on call eased to 2 to 3 percent with last loan at 3 while prime mercantile paper stood around 7 percent. Sterling quoted dull at 4.5534 to 4.88 for bills and demand. Government bonds and railroad issues were steady to quiet. week bond sales totaled 3.532 million, stocks opened weak with broad selling, especially grangers, closing lower. Bank reserve dropped 267,650, dampening sentiment. notable gains and losses appeared in St Paul, L O extension, first consols, and Minneapolis & St. Paul movements.

Sterling Exchange Dncipa Cco St. Paul

Foreign Markets Report From London And Europe

London financial markets show mixed results with consols at 101 11 16 for money and 101 3 4 for the account while US bonds quote 126 1 2 percent. Atlantic and Great Western firsts at 86 and Canadian Pacific at 63 2, Erie at 24 1 4, Mexican ordinary at 54, New York Central 107, Reading 28 1 2, and Pennsylvanias around 56. Discount for three months holds near 1 1 4 percent. Paris notes 3 percent rentes at 1 franc 97 4 centimes. Bank of England bullion withdrawn to £105,000. London April 1: discount firm, loan gate to next account 8 244. Change activity fair. consols conversion drives capital abroad or home. American railways still lag others. slight improvement yesterday but needs NY support. Berlin bourse flat after Russian decree raises stamp duty. Paris March 31: 3 percent rentes decline to 3242 centuries.

Messrs Irving A. Evans & Co Ani Atchison State Wall Streets Mississippi River Messrs. Cordley & Co Misouri Pacific Strong Atchison Company Karnings Chicago, Burlington & Quincy Chicago, Burlington& Northern Chicago, Burlington & Quincy Read New York Stock Exchange Atlantic & Pacific California Southern Flint & Pere Marquette Common Wisconsin Central Mexi Central Atchison Cvllateral Chicago, Kansas & Western Southern Kansas Oregon Short Line Chicago& West Michigan Oedonsburg New York New England Common Boston & Albany Beaton & Lowell Boston Maine Boston London United States Atlantic & Great Western Canada Pacific Erie St Paul New York Central Pennsylvania Reading Paris Bank of England Stock Exchange Berlin

Boot and Shoe Buyers in Town

A list of boot and shoe buyers and firms across multiple cities including Baltimore Chicago Columbus Detroit Knoxville Memphis Portsmouth St Louis St Paul and Savannah. Names include Bates & Co Bangs Bard & Co Frank & Ader Heed Jones McMillan Haynes Briscoe Graff Dittman Gotzian Childs Kellogg Freeman and others.

Kingsbery Edit Bates & Co Tre Baltimore Bangs Bard & Co Adier Frank & Ader Columbus QO Jones Heed Jones & Co Detroit Mich Suatth H S Robinson & Batenshaw Knoxville Savannah Einstein Einstein’s Sons Fall Kirkendall Jones St Paul, Minn H Kellogg Kellogg, Johnson & Co G W Freeman C Gotzian & Co Yoledo K R Lee Childs, Lee & Dunlap

Trade shifts as Irish Irish American goods gain appeal

The piece notes that sentiment and patriotism are driving interest in clothing trades. G. W. Simmons & Co. imported shamrock and blarney tweeds and offered them as trade goods in frel tive style. The Irish American market is absorbing these products for patriotic motives.

G. W. Simmons & Co

Commodity market summary shows mixed steadying signals

The report lists numerous items with varied status from quiet to firm. Staples like tin, oats, butter, cheese, oranges, pork, lard, beef, and molasses show firmness or steady demand, while many grains and commodities remain quiet or unchanged. Overall, activity is uneven with several items in steady demand.

The Metal Market Sees Quiet Pig Iron Trade

The metal market reports a quiet domestic pig iron market with prices near last quotes. Lehigh brands scarce, production hurdles eased, No 1 X foundry fixed at 20 dollars, with over 10 000 tons entered. Western iron cheaper amid dull steel rail trade, while coke prices slide to spur weaker mills into gains. Exports from the United Kingdom to the United States slump in early months of 1888, though total British iron and steel shipments rise overall due to gains in other markets.

Lehigh South Bessemer Iron Western Foundry Pennsylvania Carnegie Mill Western United Kingdom United States British East India Argentine Republic Australia Japan Belgium Heland British Board of Trade Lake Lonton Bse Londons Bies Gray Forge Eglyn Summersleé Garteberry

Also Mentioned on This Page

Mercantile Paper New York Clearing House Chicago St.Louis San Ferincinco Sight Telegraph New Orleans Bank Charleston Europe New York City Syracuse Orfolk Wetreit Grand Rapids Pittsburg Cleveland Minneapolis Springfield Wichita Bears Western Railroad Granger Sodom and Gomorrah West Boston Stock Exchange Fores Great Falls & Conway Old Colony Nantasket Beach Boston & Providence Road American Bell New England Lamson Sesesrestet West End Aspinwall Brookline West End Land Company Kearsarge Osceola Penabe Bonanza Allouez Howard Watch Co Edwads Manufacturing Co State National Bank Heward National Bank Tremont National Bank Shawmet National Bank Merchanense National Bank Manufacturers’ National Bank de National City Bank Firt National Bank Grafton Mass Hates Manufacturing Co Nanmkeag Steam Cotton Co Faceific Mills Great Fells Manufacturing Co Middlesex Mills Manchester & Lawrence RR Wellfleet Marine Insurance Co Ekiot Fire Insurance Co Summit Branch RR Vermont & Massachusetts KR Loston & Albany KR Lake Cuamp Mort W.L Naumeag National Bank Salem de Asiatic National Bank de Glendon Ron Ola Johony RR. Co Philadelphia, Wilmington & Baltimore RR. Co Columbus, Springfield & Cincinnati BR. Co National Bogie Bank Shoe and Leather National Bank New England National Bank North National Bann East Boston Dry Dock Co Mercrntie Fire and Marine Insurance Co Merchants’ National Bank National Weaster Bank Glebe National Bank Everett Mills Lyman Milla Dé Yuakefield Kattan Co First National Bank Hyannis Douglas Axe Manufacturing Co Newmarket Manufacturing Co Washbingon Mills Salmon Ralis Mfg Cocheco Mig. Co Amory Mig Lowell Machine Shop Doe Loston & Albany RR West Ind Nt Ry. Co Boylston Mutual Insurance Co de Neptune Fire and Marine Ins Streetion Amoskeag Mig. Co Louisville, Evansville & St. Louis Railroad New Enland Rutland RR Iowa Falls Sioux City RR Kenge Aed Cable RR Skeverly National Bank York Philadelphia St. Louis Sanrancisco Cincinnati Jiteburg Kansas City Louisville Nneapolis Galveston Indianapolis Riford En Haven Ichita Orsolli Se Eoria Ortland Joseph Orcester Lowell Opeka Poston Francisco Orleans Kan City Providence Milwaukee Memphis ColWinous Hartford New Haven Norfolk Peoria Portland Springiblad St. Joseph Worcester Yoneka D. S N.Y IRS’ Board T&s Ny&n Ee T&s F Aba F Inc Con Ee P. G. F .Ee Ee du Inc Ee Wis Cent Inc Am Bell Tel iWeres Eeee Etel Laisen SS Boston Land East Boston Newport B& Mont C & Hes Franklin Ola&e Eenee Te&s Seusnes Ee Bataeaik Ee B&m Eeeeree Pullman Sevees Mining and Stock Exchanges Mont Rearsarge McKay & Bigelow H Penobscot Ee Atone Atchison Sete Aeree Union Pacific Eeeneeeveeveeet Snaesessee A&n. EB Lons Allonez Pontiac Arnold Royal St. Mary’s Catalpa South Side Crescent Il jSutro Tun Cusi Washin T’n Winthrop Hanover Burton Minnesota Toledo Nauive Jes Pseeeen Raat ANK Mercantile Bark. Galem Bank of North America Eawasaet Nat Plymouth Shawmut Nat Bates Mfg Great Falls Fg. CO Kosten, Con Great Falls & Con. R Vermont Masa Nash. & Roch Boston Gaslight Ivntton Hole Mackinac Co North Amer Ns, CO Cincinnati T Maine Rock & Ft Freeman’s Nat. Bank Seat First Nat Bank Hannis Howard Mat Ween Market Nat. Bank Mercantile Inc Webster Bank Vyin Mills Amory Mig. Co Koott Cotton Douglas Axe Mig Newmarket Mf Eld Ratian CO Walter & Albany RR Bosonr Pitcheu Y Lake MT Hamy Eener Ogdens Weaton Watch Co Waltham Eree Essex Hows Iil’ Association Ray Seeers Louis Evans Ae Fia Askei Gi AllomoZesee Ceeeree Aa Arnold Ceeeeseeee Ld Atlantic Ae Oh Onanas Devel’t Cal Hecla Tdc Calulpa Esneeve Isle Frannklin Louton Quincy Kidya Jamarack Enasnee Oylston Street Campbello Bay Ee Bay Maverick Payson Ore Penovscot San Iego Nee BI L. G At. & Pac G. Th. Ili W. Bs C. Ee Phisie'e Con. Vt Senee M. St. P Lik. H Wasiampedl Ni K St. J L. Lim Tvs Central Do Inc Ai Tv Clee Rey P. Is TRAN Beck Seusesdt Nor. Pac Oregon S. L L. C. Con Pueb Rutland Southern Sonora Lst Do Inc Eee Railroad Companies Atch Boston & Alvany Boston Jees Boston & Mune Vrov Central of Mass Anton S&c Seeauee Ring CL K.c Mem O., AL L. Ka St. B de Vret Maine Central Mexican Central Seeeere Northern Short St Lana Ratland Steer Summit Ieee Wis Central Bell Sweess Eastman Lamson Store Ser Pullman Palace c_s Eevee Air Line Seeweee Seeweee Eree Eeee Enee K., Roch Can. P. Pacific Can Iowa Central Pac Chi Alton Bo C Bob Us Cleve. & Col del. & H del. & L RK. UG East Tenn Fort Wayne Sene Oert. W. & D Hocking Valley Houst Tex Sais Idee Shore Long Island Sess Lou Seus N. A Man Beach M. J M & Ohio Stee Nash Chat Rei R J. Cent. Yoo W. Pref Norven St. I Ollo & Miss Ont Oregon Pittsboro Eee Rich W.P Rock Island Rome St. L St. v Texas Pacific Ewer Tol D. C Pacific Pacific Mail Pullman Pal W. Union American Oil Cen. P St. L. & Ols Db R.G. Lsts Arin Ie St. P. C. & Erie Kau. P So. P Lsta Tae M He & Teg Silver Corte Alne Petr. Pas. Isis U. Paa X. W W. Shore N. W Eoreee Adams Wa Felis Argo Amador Ontario Crown Point el Cristo Chicago Markets Seeweaere Jueener Eeersere Vt Blake Brothers State Street Ers Brewster, Cobb & Estabrook Congress St Boston Safe Deposit & Trust 87 Mile Street City of New Bedford Adams, Blodget & Co Congress Street Basset, Whitney & Co Devonshire Street Williams & CO California San Francisco Shollar Crown Peinteee Union Would & Curry Utah Wenreee Yellow Jacket Halo & Norcross Nevada Queen North Belle Navaio Financian Foreign Financial Markets
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