Money Market Quiet in Boston and New York Trading
The Boston money market held steady with double name paper at 4 1/2 to 5 percent and single name at 5 to 6 1/2 percent. Loans on call with collateral ran 4 to 6 percent. Clearing house balances hovered around 3 percent, with New York funds at par. The local stock market was dull, with notable moves in New York & New England and Boston & Lowell.
MENTIONED IN THIS ARTICLE
Boston
New York
City of
Suffolk County Court House
Sterling Exchange
New York & New England
Boston & Lowell
Atchison
California Southern
Atchison Plains
Atlantic Pacific
Chicago
Burlington & Quincy
Chicago, Burlington & Northern
Wisconsin Central
Union Pacific
Elijah Smith
Oregon Navigation
Congress
Short Line Company
Union Pacific Company
Wade
Europe
Flint
Pere Marquette
Sandusky
Toledo
Cincinnati
St. Louis
Pullman
Kansas City
Memphis
Lord
Boston & Maine
Eastern
Fitchley Preferred
Central Massachusetts Common
Rutland Common
New England
S. V. White
H. Victor Newcomb
San Diego
Sanego Land and Town Company
Sweetwater Valley
National City
Stock dividends declared by three rail and instrument firms
The Fitchburg Railroad Company declares a dividend of 2 dollars per share. The Boston Concord and Montreal railroad declares a dividend of 82 60 per share. The Mason and Hamlin Organ and Piano Company declares a dividend of 3 percent.
MENTIONED IN THIS ARTICLE
Fitchburg Railroad Company
Boston, Concord & Montreal Railroad
Mason & Hamlin Organ and Piano Company
Newton builder Charles C. Pottle commits suicide
Charles C. Pottle a Newton Highlands carpenter and builder aged 60 cut his throat with a razor in his chamber yesterday morning after despondency over money troubles and the death of his only child. He leaves a widow and no children, having lost 700 dollars in the failure of F. A. Hawley & Co.
MENTIONED IN THIS ARTICLE
Charles C. Pottle
Newton Highlands
F. A. Hawley & Co
Norsford's Acid Phosphate Endorsed for Gastritis and Nervousness
Dr W J Harris resident physician at Good Samaritan Hospital St Louis Mo reports great results from Norsford's Acid Phosphate in chronic gastritis and in many cases of extreme nervousness caused by digestive debility.
MENTIONED IN THIS ARTICLE
Norsford
W.J. Harris
Good Samaritan Hospital
St. Louis
Bonds Offered on Chicago Burlington & Quincy Railroad
Interest on bonds payable May 1 and November 1 in New York or Boston. The issue, secured by first mortgage bonds of the Chicago Burlington and Quincy Railroad Company, covers mileage built and paid for with limits on total miles and bonds. Bonds bear 4 percent interest, payable semi annually, and mature May 1, 1927. Subscriptions open April 26 to April 29, 1887, with staged payments and optional bearer or registered formats. A parallel issue will be made in Berlin by Berliner Handelsgesellschaft.
MENTIONED IN THIS ARTICLE
Chicago, Burlington & Quincy Railroad Company
Nebraska
New England Trust Company of
Boston
Kansas
Colorado
Dakota
Wyoming
Mayland
New York
Chicago, Burlington & Quincy Mailroad Company
Berlin
Berliner Handels Gesellschapt
Prominent Banks Named in 1887 Financial Notice
August Belmont & Co of New York Lee Higginson Co of Boston Kidder Peabody Co operate jointly with offices in New York and Boston under a dated April 25 1887 financial notice listing major banking houses and their regional ties for investors and clients.
MENTIONED IN THIS ARTICLE
August Belmont &Co
New York
Kidder, Peabody & Co
Boston
Market Decline and Late Rally in New England Stocks
The report notes a weak morning with New England markets leading the decline, a partial rebound midday, and a dull close near day lows. Railroad bonds traded briskly with total sales around 1.33 million, while several bonds and income receipts changed hands.
MENTIONED IN THIS ARTICLE
New England
Atlantic & Pacific
Erie
Indiana, Bloomington & Western
Union Pacific
Mobile & Ohio
Houston & Texas Waco
Louisville
New Albany
Texas Pacific
Indianapolis
Decatur & Springfield
New York Financial Market Briefs April Rally and Declines
New York financial news notes easy money on call with last loan at 4 and close at 4 1/2. Prime mercantile paper in good demand with easier rates. Bar silver quoted around 96 1/4 to 96 1/2. Stock market opens heavy then recovers before closing modestly active. Reschtyg and New England stay leading, Michigan Central and Canada Southern slump at session end amid a rally after directors meeting.
MENTIONED IN THIS ARTICLE
New York
Sterling Exchange
Reschtyg
New England
Michigan Central
Canada Southern
Boston Water Power company holds stockholders meeting
The Boston Water Power Company met yesterday at 87 Milk Street, presided by Jarvis Braman. Treasurer Brown reported weak results from a land vote, noting 115 shares subscribed, 250 of them by directors, and presented a detailed assets and liabilities balance sheet totaling about 2.998 million, with a potential mortgage foreclosure dispute pending in court.
MENTIONED IN THIS ARTICLE
Frenchman’s Bay
Wollaston
Aspinwall
Boston Water Power Company
Supreme Court
Water Power Company
Nathan Matthews
East Boston
Milk Street
Jarvis D. Braman
William B. Brown
Boston & Lowell Show Fight Over Lease Authority
The Boston and Lowell Railroad issues a circular to White Mountain division staff asserting the lease of the Boston Concord and Montreal road remains valid until judicially voided. Employees are ordered to protect property, resist unauthorized possession, eject hostile claimants, and report invasions promptly.
MENTIONED IN THIS ARTICLE
Boston & Lowell
Boston & Lowell Railroad Company
White Mountain
Boston, Concord & Montreal Road
Boston & Lowell Corporation
Boston & Lowell Road
Boston & Lowell Railroad
Railroads clash over through tickets and commissions
PirrissurG Penn April 26 reports growing tension among Western Passenger and Central Traffic associations over through tickets and commission abolitions. Forties Co circulates stopping tickets on 32 railroads, shrinking West through-ticket coverage. New Haven Hartford picks W E Chamberlain Boston Albany to run Harlem River branch May 1, with further staff moves including Waterbury shift to Air Line division and Allen reassigned to Shore Line. New York & New England directors meet. S V White replaces Victor Newcomb, G N Landers named to fill vacancy. directors say no further resignations, tour criticism dismissed as harmony.
MENTIONED IN THIS ARTICLE
Pirrssurg
Penn
Western Passenger Association
Central Traffic Association
Forties Company
Burlington & Missouri River
Chicago
Burlington & Quincy
Milwaukee & St. Paul
Green Bay
Winona & St. Paul
Hannibal & St. Joseph
Kansas City
St. Joseph & Council Bluffs
Missouri Pacific
Missouri
Kansas & Texas
Milwaukee & Northern
St. Louis
Iron Mountain & Southern
Keokuk & Northwestern
Texas & Pacific
West
Pennsylvania Company
New York, New Haven & Hartford
New Haven
Clark
W. E. Chamberlain
Boston & Albany
Harlem River
Consolidated Road
F. C. Payne
W. A. Waterbury
NEW York & New England
New York
New York & New England Railroad
8. V. White
Victor Newcomb
G. N. Landers
New Britain
Conn
Bostwick
Pearsall and Bateman
Railway earnings and corporate actions reported
The report lists earnings for several railroads in April and March 1887 with gains and losses, notes President Hill of Manitoba selling his St Paul and Duluth stake, and records a deed of trust securing first mortgage bonds of the Chicago Santa Fe California lines. It mentions a judge’s decree in a Central Trust case, bondholder dividends, and a Boston trustee as mortgage administrator. It closes with an ad for G W Simmons & Co promoting sports outfits and catalogs.
MENTIONED IN THIS ARTICLE
St. Louis
San Francisco
Canadian Pacific
Wabash
Arkansas
Texas
Hill
Manitoba
St. Paul & Duluth
Chicago & West Michigan
Springfield
Lil
Chicago, Santa Fe & California Railroad Company
Iowa
Boston Safe Deposit and Trust Company
Chicago
Kansas City
Indianapolis
Gresham
Central Trust Company
Lake Erie & Western Road and Construction Company
Lafayette & Bloomington
Lake Erie & Western
Chicago, Santa Fe & California Railway Company
Commercial Matters Amidstead in Market Report
The market bulletin notes mixed movements with lumber improving while coal remains unchanged. Flour and oatmeal hold firm, rye flour steady, oats and rye quiet, barley and malt stable, butter and cheese firm, eggs higher, beans and potatoes quiet, hay firm, straw steady, grass seeds unchanged, truck good demand, tallow unchanged, provisions firm yet quiet, fresh beef stable, sugar and molasses steady, apples firm.
Lumber Market Notes Reflect Strong Demand Across Species
Eastern lumber shows steady improvement with high receipts and strong demand for frame lumber box boards and shingles. Hemlock scarce but prices high. whitewood scarce. Western logs and Menominee river stocks reviewed. mill capacity near top speed with Lake Michigan arrivals limited. detailed price notes for clapboards lathes and various hardwoods included.
MENTIONED IN THIS ARTICLE
Boston
Lake Michigan
Green Bay
Menominee
Vermont
Indiana
Western Eneer
Tina
Eulups
Collin
West India
The Coal Trade Report Shows Stable Prices and Shifting Freight
The coal trade remains quiet with steady prices and strong shipments at ports. Anthracite movement to the West rises while eastern demand stays light. foreign coals and gas coals hold firm with seasonally fixed prices. Reading dealers face possible contract terminations as rail rates rise under interstate commerce rules.
MENTIONED IN THIS ARTICLE
New York
Reading
Market Reports April 26 Flour And Grain
April 26 market notes show flour firmer with some 10 cent asks on spring patents though buyers resist. Corn remains quiet with unchanged prices. steamer yellow trades at 54 1 2, 58 on spot, high mixed 54. Oats dull as large stock increases dampen activity. no white on track, bids 38 1 2 to 40 1 4 cents. May orts sold at 8 7 8? Current call bids and asks listed. inspections include 7 cars with 2 cars No 2 spring wheat and 1 car steamer yellow corn.
MENTIONED IN THIS ARTICLE
Bree
B.& Air L
Kr&n
Iowa
Os Central Pac
Ches
Ohio
Isteet Sneer
Col. & H
del. & L
R. G
Erie
Tex
B&w
Long Island
Lon
Man
Vise
Pacific
M. & Ohio
M. & Essex
Glok
Nash. & Chat
Pt N. J. Cent
N.& W. Pref
Paville
N. Y. Cent
N. E
Ohio & Miss
Ont
West
Oregon
Pittsboro
St. Pat
M.& Mages
Texas Pacific
Union Pacific
Utlea & BL R . Ig
Bhity
Pullman Val
Ibis
W. Union
Thy
American Oil Oe
Oet As Ao
D& RG Gm
St. R
Sop & TC
Tex. PL
P.R. G
A. Pac
U. Hac
Linden
Nav
Shore
N. W
Ames
Aarms
Amador
Belle Isle
Col. Coul
Ontario
Cale Vai
Ophir
Sly DD
Terra
Sods
Plymouth
Cristo. Ius
Bloche Eureka
Quick
Iver
Pref
Homestake
Santiago
Jis
Stanislaus
Martin White
Also Mentioned on This Page
Money Market
Devonshire Street
Fitchburg Railroad
GH Venner & CO
Congress Street
If. D. Kyle
Broad
New Sts
New York City
Wilson W. Jay & Co
State Street
Gray’s Dynamo
Boston Water Power
Dare Biy
Burton
Bale Aches
California
Cal
Ivle & Noreroas
Bulwer
Teres
Best & Belcher
Union Con
Foreign Financial Market
London
Canadian Pavitic
Erie Seconus
Ilinois Central
St. Paul Common
Pennsylvania
Imperial Bank of Germany
Chicago, Burlington and Quincy Railroad Co
the New England Trust Company
CxHicaco, Burn- Lisacron & Quincy Rail AroaAp Company
Ee Ne
Renewel Fund
Gael Entin
Peenance
Boston Stock Exchange
Boston Land
At & Pac Sane
Ny&ne
Trutland
A&p Inc
Lewis Coleman
J. W. Johnson
Henry M. Whitney
Henry M. Y. B. Edgerly
John
O.K
M&b &S
Bell
Addy
Allouez
Eee
O. Franklin
Osceola
Quincy Seraveres
Lamson
Salk Ad
Boston Lia Sores
Frenchman's Bay
West End
Rere
Fitchburg
E&p M
M&b
Sp&m
Thee
ITV
Nys&ne
Oc & LC
Rutland
Eee O
A& Pine
Napa
Tamarack
Quirley
Ees
Big West End Ld
AT & SF Sebeeee
At & Pac
Aee
Cal So R& Alb
Owe Ee Vo
T&s F
Bh & M Neb
Lr&fts
Sonora
Maverick
San Diego la
Bishes Pane
B&hl
B& M
Concord Lu
Fitchburg Pra
Am Bell Telephone
New England Telephone
Erie Telephone
Brookline Land
Diego Land
West End Land
Atlanic & Pacific
R R. Fis
Mexican Central
Tee
Morteare
Central Mass
Cleveland & Canton
Bur
North
San
Cleveland
Flint & Pere Marq
Lowa Pall &S City
Little KO
Springfield & Mem
Ee Tock & Fort Smith
New York & New Eng
S & Lake
Old Colony
Sheene
Allonez
Atlantic
Sane
Bonanza
Boston & Montana
Eid
NEW York Financial
Brookline Avenue
Huntington Avenue
Upas Rales Musee Nn Adres Alatext Taut
N. York
Treasury
D. G. Smith
Henry D. Hyde
Railroad Matters
G. W. Simmons & Co
North Street
Lunber
Coal Trade