Money Market depth and bond market activity in Boston
The Money Market Boston reports a quiet week start with general market rates from 5 to 6 percent and renewals at 5 and as low as 4 percent. Call loans with collateral run 5 to 6 percent. Clearing house balances and New York funds are noted, along with a large exchange total year over year. The Boston Clearing House election results, year end exchanges, and bank reserves are detailed, followed by stock market moves, prominent gains and declines, and commentary on the Central Massachusetts consolidation and Lamson Store Service strengths.
MENTIONED IN THIS ARTICLE
Boston
New York
Boston Clearing House Association
James Hi. Beal
N. G. Snelling
Clearing House Committee
R. E. Demmon
Charles QO. Billings
George Ripley
George
Bullens
Walter
Sterling Exchange
Mining and Miscellaneous Stocks on Apr 11
New York markets show mixed activity with money on call easy and readings firming late. Reading led with strong volume absorbing about a third of the day’s business while general list fell back, rail bonds active, and several debentures and trust receipts quoted with varying gains and losses.
MENTIONED IN THIS ARTICLE
New York
Western Union
Reading
Jersey Central
New York City & Northern Trust
Atlantic & Pacific
Green Bay
Prinlly
New York, Lackawanna & Western
Henderson Bridge
Houston & Texas
Louisville
New Albany
Pacific railroads probe picks three appointive commissioners
President selects Robert E. Pattison of Pennsylvania E Ellery Anderson of New York and David Littler of Illinois to investigate Pacific railroads. Pattison a former Pennsylvania governor now serves as a Philadelphia lawyer Anderson Harvard educated Democrat tied to New York reform efforts Littler a Republican Illinois legislator and lawyer, recommended by Senator Cullom.
MENTIONED IN THIS ARTICLE
Pacific Roads’ Commission
Pacific Railroads
Robert E. Pattison
Pennsylvania
E. Ellery Anderson
New York
David Littler
Illinois
Pattison
Maryland
Philadelphia
Democrats
Anderson
Harvard College
New York City
County Democracy
Littler
Cullom
Interstate Commerce Commission
Commissions Trouble in New England Rail Traffic
The Financier notes potential chaos as trunk lines seek to end passenger commissions. Boston's mix depends on alliances with New York Central, Fitchburg, Lowell, and Boston & Maine. Through routes hinge on West Shore, Erie, Rutland, Central Vermont, and Grand Trunk with freight and passenger traffic likely to be reorganized.
MENTIONED IN THIS ARTICLE
Boston
Boston & Albany
New York Central
Fitchburg
Hangon
Lowell
Boston & Maine
Chicago
St. Louis
Watson
West Shore
Central
Erie
Rutland
Vermont
Grand Trunk
Wells River
Passumpsie
Southeastern
Maine
Portland
New England
Rail and freight notes from 1887 earnings and plans
Earnings totals for Cincinnati Hamilton and Dayton show first week April 1887 at 59114 with 1886 at 50083, up 9031. year to date 804787 vs 700083, up 104764. Boston and Providence plan a $10000 depot at Stoughton. Reading Company February receipts 2300 balance 206994. German syndicate led by Henry Villard negotiating Baltimore and Ohio option. Proposal to fund St Paul and Duluth preferred stock into 5 percent bonds. Stockholders unlikely to accept 5 percent due to land grant lien. Boston shippers seek hearing April 19 on interstate commission section 4. New Haven and Hartford to four-track to Rye, work from New Rochelle to Rye. Grand Trunk and Canadian Pacific back war against Boston Albany by selling through outside agents west of Montreal at low rates. Pennsylvania shippers protest interstate commerce law. iron industries hindered by high freight rates,>>factory shutdowns. Baltimore and Ohio to stop paying agent commissions starting next Wednesday. grants rates unchanged except for abroad tickets.
MENTIONED IN THIS ARTICLE
Rwy
Jamson
Bell Telephone
Lamson
Massachusetts
Atchison
Clarence H. Venner
Kansas
Chicago, Kansas & Western
Southern Kansas & Western
Sandusky
J. D. Campbell
Indiana, Bloomington & Western
Cincinnati, Sandusky & Cleveland
Columbus, Indianapolis & Western
Chicago & Eastern Illinois
Chicago & Eastern Ilinois
R. P. Flower Syndicate
New York
Atlantic & Pacific
Atlantic & Pacific Juniors
Wisconsin Central
California Southern
Union Pacific
Adams
Oregon Navigation
Chicago
Burlington & Quincy
Chicago, Burlington & Northern
Springfield
Detroit, Lansing & Northern
Wade
Detroit
Laingson Company
Europe
Paris
Boston & Lowell
Boston& Maine
Central Massachusetts
Boston & Maine
New England
Worcester, Nashua
Eastern
Ware
Holyoke
West End
Charles River Embankment Company
Messrs
Henry D. Hyde
Grenville T. W. Braman
Jarvis D. Braman
Winthrop M. Burr
Frederick L. Ames
John Souther
Charles H. Souther
Samuel Carr, Jr
Charles E. Raymond
Charles Davenport
Frederick H. Viaux
Aspinwall
Frenchman’s Bay
the Journal
West End Land Company
Railroad Committee
Boston Land
East Haven
Alexander
East Boston Land Companies
Transcript
Lake Superior
Calumet & Hecla
Franklin
Toux
Cincinnati
Hamilton
Coal and Iron Company
Henry Villard
Baltimore & Ohio
St. Paul & Duluth
Boston
New England Railway
Washington
Interstate Commissioners
New York, New Haven & Hartford Railroad
Rye
New Rochelle Junction
Grand Trunk
Canadian Pacific
Trust Company Admits Broad Fiduciary Roles in 19th Century Openness
The article outlines a trust company accepting wills and estates, care of property, collection of income for ladies and others, safe-keeping bonds and securities, on demand interest deposits, vault safes rental, and acting as trustee and transfer agent for railroads and corporations. It lists Daniel Needham, Otis Norcross, John Felt Osgood, Royal M Zoellifer, YouS Joa N Ron Nathaniel J. Ruist as involved parties.
MENTIONED IN THIS ARTICLE
Daniel Needham
Otis Norcross
John Felt Osgood
Royal M Zoellifer
Yous Joa
Nathaniel J. Ruist
Commercial Matters in Silent Market Roundup
The metal market remains about the same as last quoted. Flour quiet. Corn firm. Oats firm with an upward tendency. Oatmeal quiet but firm. Rye flour steady with light trade. Rye quiet. Barley quiet and unchanged. Malt quiet and steady. Millfeeds firm. Butter quiet but firm. Cheese strong. Eggs dull and easy. Beans active. Potatoes firm. Hay quiet. Straw steady. Grass seeds active. Truck in good demand. Tallow unchanged. Provisions firm but quiet. Fresh beef firm. Sugar very quiet and steady. Molasses steady. No change in poultry. Apples very firm.
Wheat crop conditions by state in April report
The April report from the Department of Agriculture notes favorable seeding conditions and good growth in central West states from Tennessee to Missouri, while Pacific slopes improved after rains. Pennsyl vania, Maryland, Virginia, Kansas and Atlantic Gulf coasts lagged growth. Average state conditions include New York 97, Pennsylvania 70, Maryland 82, Virginia 79, Texas 79, Tennessee 94, Kentucky 92, Ohio 79, Michigan 92, Indiana 90, Illinois 92, Missouri 95, Kansas 88, California 92, Oregon 98.
MENTIONED IN THIS ARTICLE
Department of Agriculture
Washington
West
Tennessee
Missouri
Pacific
Pennsylvania
Maryland
Virginia
Kansas
Atlantic
Gulf
New York
Texas
Kentucky
Ohio
Michigan
Indiana
Ilinois
California
Oregon
Market Overview of Iron and Copper Prices in 1887
The report shows mixed metal signals with pig iron prices steady for American and dull for foreign material. It notes strong demand for bar and plate iron, firm tubes and pipe, and steady steel plate, while copper output rises in Lake Superior and declines in Arizona and Montana. Copper refining remains robust, with a large home market share and rising domestic consumption.
MENTIONED IN THIS ARTICLE
Bessemer Steel
United States Geological Survey
Lake Superior
Arizona
Montana
New Mexico
California
Colorado
Utah
Nevada
Maine
New Hampshire
Vermont
Southern
United States
Pittsburg
Commodity Price List for Metals and Materials
Cold rolled copper and refined iron prices listed for various mills and shipping points. Includes No 1 and No 2 copper, gray forge, Eglinton, Glengarnock, Summerlee, Gartsherrie, Langovan, and bar iron at shipping points. Beams, channels, rails, old rails, scrap iron, tank and shell iron rates, nails, tin, lead, zinc with unit prices and occasional notes on variations and discounts.
MENTIONED IN THIS ARTICLE
Gray Forge
Pray Forge
Eglinton
Glengarnock
Summerlee
Gartsherrie
Langivan
Shell
London
Straits
Market Reports April 11 Flour and Grain
No change in flow market with steady prices and limited buying. Corn remains firm with bids around 54 and 5 1 4 cents. oats stay firm with uptrend. Inspections show diverse grain receipts including steamer yellow and mixed corn, No 2 white oats, and peas. closing Chicago wheat and corn futures listed with multiple bids and asks.
Butter market quotes across cities show mixed changes
Butter trading remains quiet with uneven demand. Vermont extra bids at 24 cents asked. St. Louis shows a drop. Philadelphia steady. New York slightly lower. Chicago quiet and easier with Western Creamery extra at 26 to 27 cents.
MENTIONED IN THIS ARTICLE
Vermont
St. Louis
Philadelphia
New York
Chicago
Also Mentioned on This Page
Devonshire Street
Kidder, Peabody & CO
Nassau St
City of Minneapolis
Kansas City
City of
Omaha
Blake Brothers & CO
State Street
Wakefield, Mass
Waterworks Company 51
H. M. Payson & CO
Portland, Mass
Foote & French
Northern Pacific R. R. Co
Northern Pacific
R. R. Co
St. Joseph
Grand Island R. RB. Co
Water Works
C.H. Venner & CO
Congress Street
Maverick National Bank
Soleniin
Asa P. Potter
J. W. Work
Boston Stock Exchange
Wilson W. Fay & Co
NEW York Financial
Aincinwe Wscoumlaw
G. F'say
A.t&ss
Neene
GOS &C
Cl& Sp
Tee
Loun& MR Ween
Osceola
Nie
Quincy
Aspinwall Land
Brookline Ld
Frenchman's Et
West End Ld
Bell
Samson
A & Pine
Aspinwall Teeee
Bonanza
At& Pac - 2
Spr &C
Mexi
T&sf
At & Pac
C.b&nhs
Sonora
Aspinwall Ia
Borton Land
Boston W P
West End Land
I . OU
Wollaston Land
E. Allouez Weee
C& Hee Eter
Franklin Taee
E Am Bell Tel
New Eng Tel
O Tel F
At& Pue
C& el
L& N
E. Ae
M&n
Northern
Old Col
Wis
A&p
Me&h Bs
Am Bell Tel
Boston la
Brookline la
Maverick Land
West End Land Ooo
Franklin Peer E . lv
B&a
Cal So
Mass
Ee Ee
Cs&c
Ny& Eee Ae
Am Bell Telephone
Erie Telephone
Brookline Land
San Diego
Cssse
Boston Water Power
Eastern Railroad
Mexican Central
Cleveland & Canton
Chic
Burl & North
Burl & Quincy
East Illinoi
Cin
San & Cleveland
Flint & Pere Marq
Town Falls & S City
Clinton
Mary, Hough
New York& Nees Osee
Old Colony
Wisconsin
Ewee
Huron
Seas
Tamarack
Lord Acoustic
Aim
Elec
Eenee
Burton
Setae
Ina- Clos
Air L
Col. & H
Del
Don
Ray
Fort Waynes
Centrak Stewie
Kas
Tex
Lake Shore
Long
N.d
Northwest
Ee N.Y
Paa C. & St
Ohio & Miss
Ashe Oregon
Fae Shi Bhi
D&e Oe
Rock Island
St&s. F
Vane Tee
St. P
M. M . Biah
Erebeay
Texas Pacific
Oeapril
Cen. P. 1St.s
D . Sts
St. St P
Peres
Kan. P
L. G
Pex
N. Pac
U, Pac
Shore
Wells Argo
Amador
Ontario
Col. Cent
Plymouth
Quicksliver
E Cristo
Stieo
Helena Steers
Stanislaus
Iron Hill
Railroad Matters
Safe Deposit & Trust Company
Milk Street
Fae Ead
Bradlee
Mgle
F. W. Lincoln
George C. Lord
F. M. Stone
M. Stone, Benjamin F. Ste Bie
Gerard GC. Tobey
Thomas J. Whidden
Frank €. Miles
Edward P. Bond
Safe Deposit Dept
Solomon Lincoln
Crop Report
Baltimore
Yruscess
Canada Superior
Canada
Canada Western
United Gry Seaboard
New Orleans
Mom
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