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Newspaper

Boston Post

Location

Boston, Massachusetts, United States of America

Date

Apr 07, 1888

Page

6

Money Market and Boston Stock Highlights April 6

Boston financials show firmer New York funds and steady clearing house rates around 6 percent for loans and 4 to 7 percent for various paper. Bond bill passage, Burlington Northern and Soo rate restoration, Tamarack mine progress, and mixed stock moves across Atchison, California Southern, and Wisconsin Central shape a tense, active market.

Bank and Firms Declares Semiannual and Quarterly Dividends

The Martha's Vineyard National Bank declares a semiannual dividend of 3 percent. Davidson Investment Company declares a semiannual dividend of 5 percent. Hartford based Autna Insurance Company declares a quarterly dividend of 4 percent and Phenix reports 344 percent.

Martha’s Vineyard National Bank Davidson Investment Company Hartford Autna Insurance Company Phenix

Boston Bankers and Brokers Ledger of Stocks

A detailed list of securities, shares, and bonds held or traded by Basset Whitney & Co and associated firms. Includes bank, railroad, mill, and manufacturing company holdings with quantities and classifications, followed by dated securities and street listings.

Amoskeag Mfg. Co Union Natl Bank of Metropolitan Glendon Iron Co Pepperell Mfg. Co Bank of Comu

Market Report New York April 6 Stocks Rise Then Steady

Money on call easy at 2 percent, mercantile paper 5 to 7, bar silver at 92.5? and 92 3 quarters. Sterling steady. Actual business at 4.86 for 60 day bills and 4.86 to 4.87 on demand. Government bonds dull but firm. railroad bonds quiet but strong. Stocks opened active and strong with gains to 42 percent, led by Reading and Union Pacific, then steadied but closed near the day’s best. Railroad bonds active with over 1.3 million dollars in sales. several issues posted gains across many names including Chesapeake & Ohio 63s, Hocking Valley 5s, Denver & Rio Grande 4s, Erie seconds, Kansas & Texas 63s, New England, Norfolk & Western improvements, Union Pacific sinking funds, and others.

Boston New York Chicago St. Louis San Francisco New Orleans Charleston Savannah United States Treasury National Bank Reichsmarks Wall Street Burlington & Northern Soo William S. Kliss Messrs Irving A. Evans & Co Atchison California Southern Sieh Bs St. P Blk. A St. J St. L. Im Eee Rs’ Board Apr Ss. i le N. A. Eee Oe Ae Seheeoe Ee Nor. Pac Oregon 8S Do Inc Ee Og L. C. Con Bell Tel Pueb. & Ce We Cine Lamson Rutland Mont Franklin Sonora E. St. J Wis Ny&ne Pullman Eee Atlantic & Pacific Boston & Albany Mining and Stock Exchange Summit Boston & Lowell UN Pac Boston & Maine Boston & Prov A,t&sf Cal Southern Eae O. & Miller A'& Pine Central Allouez Eevee Eses Cal Se Inc Ee Op Ss Se Brunswick Seeeses Veneseeess B& N CBS Bost Col Scseses A Veeare Fitchburg Flint & + M. com Ani Bell Tel K. C New Gulf Wollaston Kensin K. W Bys K. S Sp. M Sumimibe Bricas Eeeeeeeeranseeraces BO Atchison Seeeeeeseresseesees Eeeree Peeeerren French Bay Union Pacific Seeeter West End Toledo Mali Atlantic C.& Hee Il Ri Rap Han’k Arnold Allouez Osceola Old Colony de Bowman St. Mary's Summit Branch Bruns South Side Catalpa Sutro Tun Bs & Ee Hanover B&n Bell Huron B& Q Ceevaes Mesnard Minnesota C.S Pontiac Lamson Store Ser. Co NYQNE Pullman Palace Boston National Banks Massach Wis Centone Atlas Maverick M. Blackstone Mechanics Broadway Monument Eviry Mt. Vernon N. England City A.s N. America Quincy Commerce Brookline S. Redempt’ A Republic Ickland van, Hall Shoe & Leeret Mass Freeman Globe Suffolk Erie Hamilton Hide & L Howard Tremont Lincoln Union Lowell National Banks Ef Appleton Ly Prescott Wis Cent First Ward Old Lowell Sp.m. A T&sf Salem National Banks Do Laines A& NG Railroa Cal Seine Mercantile Salem B& Ndeb C.K & W Bs Blue Hill F’t,Hyannis Lawrence Mt Wolston M& Bridbs Dedham Pemigwset Sp &M F’t Chelsea Danv Mex Co Amory Laconia Andros G’a Appleton Lowell Arlington Loo M. S’h Manch Lyman Bates Mass. Cot Erie Tel Merrim’ck Lamson S Middlesex Best Cabot Nashua Chicopee Clinton Nauimkeag San Diego Newmark Stark Mens Heg Ccessas Hill Washington Jackson York A&p FIS& G Summit Br Boston Stock Exchange Prime Mercantile Sterlin Exchange Reading Lake Shore New England Fort Worth & Denvertists Erie Seconds Chesapeake & Ohio Hocking Valley Denver & Rio Grande International Metropolitan Kansas & Texas Norfolk & Western Improvements Oregon Texas Pacific Manitoba

London Money Market and Paris Exchange Highlights

Consols steady at 1007 16 for money and 1005 for the account. U S bonds mixed with 4143 10854 and Erie, Illinois Central and Reading positions shown. Atlantic & Great Western issues quoted, St Paul and New York Central bonds listed. Paris 3 per cent rentes at 81 francs 80 centimes, bar silver at 24 3/4 per ounce, London exchange at 26 francs 25 centimes.

London United States Atlantic & Great Western Erie Illinois Central St Paul New York Central Paris

Oil Drillers Union Testifies in Standard Oil Inquiry

Washington April 6 House committee on manufactures opened an inquiry into the Standard Oil trust. Henry Webster of Bradford Penn testifies about the Oil Well Drillers Union a secret body of 2200 to 2400 men formed after Producers Association moves to reduce oil output. He describes a contract from 1887 that set profits from 1,000,000 barrels for the union and outlines daily advances and restrictions, with drilling halted to curb oversupply.

Washington House Committee On Manufactures Today Standard Oil Trust House Henry Webster Bradford Penn Oil Well Drillers’ Union Pennsylvania New York Producers’ Association Standard Oil Company Oil Drillers’ Union Witness Bacon Producers’ Protective Association Weil Drillers’ Union Well Drillers’ Union

Market Tone Holds Despite Mixed Demand Across Commodities

Commodity notes show some items firm and others quiet or unsettled. Fruits like oranges and fresh beef meet good or fair demand, while staples such as flour oats corn and rye vary, with sugars active and molasses unchanged.

The London Wool Sales Reported Mix of Bales and Prices

The London wool sales on April 6 saw a larger selection with no attendance and fair competition. Prices listed for New South Wales, Queensland, Victoria, New Zealand, South Australia, Cape of Good Hope and Natal, and Swan River include scoured greasy and locks and pieces, with figures in pounds shillings and pence.

London New South Wales Queensland Victoria South Australia Cape of Good Hope Natal Swan River

The Chicago Market Report From Farnum Reardon Co

Opening demand supported wheat from seaboard and foreign accounts with ample offerings curbing advances. Corn rose with wheat but then eased. analysts foresee corn at around 60 cents. Provisions opened firm but weakened later. hog slaughter declined 517,828 head versus last year with upturns in estimated daily receipts. Opening prices for hogs, varies by grade. futures for wheat corn oats mixed with daily highs and lows listed for April through August contracts.

Farnum, Reardon & Co Seaboard Eottn

The Fish Market Prices and Weekly Receipts

Demand quiet with steady prices. Mackerel firm and scarce. pickled codfish quiet. dry fish receipts sold to arrive. hake arrivals for export. barrelled herring quiet. canned fish quiet. Fresh fish demand moderate. Haddock and halibut in small supply and higher. Boston Fish Bureau weekly totals show varied prices for dry, canned, and fresh fish across many species.

Hake Boston Fish Bureau Labrador Nova Scotia Georges Bay Herrine Haddock Best Providence

Also Mentioned on This Page

East Seston London Cables Mason Tamarack Tamarack, Jr Rock Calumet & Helen Boston & Montana Calumet News Ine Ely Prus Chicago, Burlington & Uiney Inc Cincinnati, Sandusky & Cleveland Indianapolis Journal Cleveland, Sandusky & Cincinnati Indiana, Bloomington & Western Wisconsin Central Wisconsin Central Associated Lines Flint & Perece Summit Ranch Kansas City Fort Scott & Gulf Central Massachusetts Eastern Boston & Providence Southern Kansas Gulf Division Jirce Shere Frenchman’s Bay International Terra Cotta Lumber Company Capital American Loan & Trust Co International Terra Cotta Lumber Co Charles B. Cushing Milk ST State Street C. E. Fuller Water Street M. F. Dickinson, JR Hyde, Piehiesee & Howe Equitable Building Oaton Charles A. Rogers, Esq Milk Street City of Boston City of Cambridge City of Chicago City of Cincinnati City of Haverhill City of Lynn City of St. Paul Blake Brothers & Co Williams & CO Boylston N. Bk Lombard Investment Co N. Eagie Bk Columbian N. Bk Mass, N. Bk Manchester & Lawrence RR Shoe N. Bk Blue Iill N. Bk Douglass Axe Mfg. Co Washington Mills Old Do Mercantile Ff M. Ins. Co Do Merchants’ N. Bank Manufacturers Do First Jows Falls Sioux City Pueblo & Ark. Valley RR New Mexico & So. Pacific RR Amoskeag Te. Co First National Bank Leverlymao Bank Amory Mfg. Co Do Androscoggin Mills Ags Grove Stave and Corrugated Hoop Co Adia Devonshire Street Atlantic Mutual Scrip J. P. Wintringham Prie St N. Y Naumkeag Natl Bank St. Johnsbury Bank of Commerce Shawmut National Bank Eliot Ins. Co Calles Au Ae Rk Do Tremont and Suffir Mills Do Dwight Mfg Do Wakefield Tian Co Boston Tow Boat Co York Mfg. Co Atchison, Topeka & Santa Fe RR Conn Passumpsie River State of Mass Old Colony Manchester Mills Washing'on Mills Cheshire RK Pie Charlestown Gas Co Manuf. Natl Bank Natl City Bank Atlas Natl. Bank Faneuil Hall Nath Edwards Mfg. Co Hates Mfg. Co Great Falls Mfg Arlington Mills Androscoggin Mills Concord RR Lans. & No Boston& Malie RR Howard Watch Co Dweling House Ins. Co Pacific Mills Middlesex Horse RR Cheshire RR Boxton & Lowell Bovco Wichita & So Western Top St. Fe RR Iowa Falls Rutland RR Fastern Newton Natl, Bank Newton, McKay & Kly Assoston Seluing Co Champion Iron Co Naumkeag Steam Cotton Co Nau. Bank Ins Boston Gun Light Co McKay & Kig New York & New Eng Tlund RR Wey Xas Pacific Illigs Cox Tomar Ehee Ee Can N. W N. W. Debbe Cen St.l F. D Ak. Kan. S Lowe So. PB G. M T. G. Ses KV Dee Ee Siewelen Tex Tr.rec N.J. GC R. G Afar Eas W. Shore Mining Companiees Alta Mono Amador Navajo Hodie Ontario Plymouth Robinson Ee - Fl Cristo Tenn, C Allmuez Erere Arnold Atlantic Ee Bonanza Devel’t Cal Hecla Catalpa Crescent Dunkin Haron Eee Ironton Kearsarge National Uincy Winthropeseee papawalli +s Newport Payson Topeka Winthrop AL Pac Ing Alt. Bessereenee Ste & Vacuitic Ewer Air Line Eeeer Pacific Canton Oeerreeee Central Iowa Central Pactie Ches Omo Ae Chi Alton . C Tet C del. & L den. & K. Eee East Teun al Fort Wayne Fu W.& v Hoektin Valley Toxaas Isit Kan Eer . Sr Enone Shaw Rich Rew P NEW York Financial California Potosi Sierra Nevada Con Gal & Va Union Com Crown Point Coser BY Utah Gould & Curry Yellow Jacket Commonwealth HOC Seaeerenee Nevada North Belle Isle Foreign Financial Markets Mr. Webster House Investigating Committee THE London Wool Sales Chicago Market John Post
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