Money Market News and Bond Activity Overview
The week opens quiet with no rate changes and ample loanable funds. Clearing house rate holds at 2 percent, general market time loans 3 to 5 percent, call loans 2 to 8 percent. mixed bank averages show increased loans but decreased deposits, with a substantial reserve surplus. Bond sales total 365,250 with varied prices, while foreign exchange and stock movements reflect modest declines and selective gains. extensive notes on rail and mining equities follow, including Mexican Central and Atchison movements and Boston Water Power land prospects.
MENTIONED IN THIS ARTICLE
New York
Boston
Secretary of the Treasury
Ton Stock Exchange
Bos
Allouez
Arnold Weaveeeer
Bonanza
Boston & Montana
Calmet & Heck
Franklin
Huron
Drouton
KearSarwee
Oseor
National
Osceola
Eeneeere Pewnbic
Eure Eenee
Ly Quincy
Ridge
Yanlaruck
Es Land Companies
Boothbay
Aagpinwall
Oston
Boston Water Power
Poyision Street
Prookiine
Seers
Maverick
Weeree
Newport
Lamoine
Payson
San Dieio
Sullivan
Topeka
West Kind
Winthrop
Wollaston
Atchisonu
LUST
At. & Pac
Doinec
Eeeeres
Do Inc
Eevee Btm
Tlk. H
K.C
M. Ja C
K. C
N.Y. AN
Nor. Pac
Lozl
Cere
Oregon
Pueb, & A. V
Rutland
Reese
Sonora
St. Jo
Loz
Ceere
Pasevecusen
Atch
Ceevvess
Cal
Southern
Central
Col. Sp. & Cin
Det
Eveeene
Ft. S
Seaveeeer
Genee
Market Report on Agricultural Commodities and Staples
Iron unchanged copper quiet lead firm tin firmer zinc steady flour steady corn easier oats quiet cornmeal easier oatmeal quiet rye firm graham flour quiet milkfeed unchanged cottonseed meal steady malt dull hops quiet butter dull weak cheese quiet eggs fairly active beans quiet grass seeds steady potatoes easier hay moderate demand rye straw more plenty poultry steady apples fair demand oranges lemons unchanged watermelons dull California fruits active truck steady pork firm good demand corned beef unchanged fresh beef steady other fresh meats unchanged hogs steady raw sugars quiet refined sugars firm molasses steady tallow quiet.
MENTIONED IN THIS ARTICLE
California
The Chicago Markets Open Higher Then Fall On Increased Supply
Wheat rose briefly on higher cables but selling dominated as visible supply rose by 2 million bushels and seaboard clearances stayed light. Corn and oats weakened with large receipts and falling cash demand. Hog prices trended down with mixed packing and heavy shipping grades showing 59 to 50 dollars. Prices for August through December futures moved, with zinc, copper, iron, and other metals and materials quoted, including sharp adjustments in plate iron and tin.
MENTIONED IN THIS ARTICLE
Farnuin, Reardon & Co
Seaboard
Ae Cae
SGI
Ube
Wgidee Bigte
Jane
Philadelphia
Chicago
Mora
Ndt
East Head
New York
Dean
St Louis
New York Metal Exchange
Jaimen Lewis & Co
Europe
London
Yerpool
United Aid
United
Boston Market Reports Grain Prices and Stocks Aug 13 1888
Boston market brief shows Wheat, Corn, Oats, Barley stocks by date August 4 to August 13 1888 with Chicago and Boston elevator stocks. It lists prices for flour and grain goods in current market, with New York Chicago St Louis Milwaukee and Toledo receipts and shipments, and quotes for No 2 red No 2 yellow oats and corn prices, plus notes on market tone and demand.
MENTIONED IN THIS ARTICLE
Wye
Chicago
Bush
Ceee Ee
Ose
Votiavesss
Euie
Oath
Burley
Michigan
Canada Superior
Canada Roller
Canada
New York
Minnesota
St Louis
Nilwaukee
Milwaukee
Detroit
Jhicazo
Minneapolis
T Louis
Toledo
S* Louis
Dividend Declared by Union Stock Yards and Transit
The Union Stock Yards and Transit Company of Chicago declares a dividend of oy per share payable August 20 to stockholders of record August 14.
MENTIONED IN THIS ARTICLE
Union Stock Yards and Transit Company of
Chicago
New Bond Circular Offers $750,000 in Municipal Bonds
New loans woe offer sale of desirable bonds with fuller details on request. Applicants may obtain a bond circular describing offerings of about $750,000 in chol es municipal bonds and full description of the securities.
Financial Market Quotes From London and New York
London and New York money rates show consols at 991 1-16 for money and 997 16 for the account. Atlantic and Great Western firsts yield 28 percent and Evie seconds at 101 1/4. Mexican ordinary at 75, St Paul common notes 28 1/4, Reading 2 6 5 8, Mexican Central firsts 6 9 4. Discount rate in the open market quoted at 2 percent for both short and three month bills.
MENTIONED IN THIS ARTICLE
London
Atlantic & Great Western
St. Paul
New York Financials Show Mixed Bond and Stock Movement
New York financial report notes easy money on call at 2, Sterling rates quiet, and government bonds dull. The stock market closes dull and steady with readings split. Northern Pacific gains amid sluggish overall activity. Railroad bonds remain fairly active as total daily trading reaches $1,974,000 with mixed movements in several issues including Conrail-like names and regional lines.
MENTIONED IN THIS ARTICLE
New York
Prrime Mercantile
Sterling Exchange
Reading
Tooking Valley
Louisville
New Albany
Brooklyn
New York & Northern
New Albany & Chicago
New York Stock Sales and Boston Valuation Report
New York stock transactions for today total 160376 shares with opening, high, low and close prices. Boston assessors report a city valuation gain of about 17 million and nearly 5000 polling places, with real estate gains in Ward 11 Beck Bay and personal gains from migration to fashionable areas. Losses occur in Ward 6 Charlestown due to the Vowse estate split. Tax rate remains 1340 per thousand, with total valuation near an all time high and debt rising due to sewer, park, and schoolhouse expenditures. Valuation by ward follows.
MENTIONED IN THIS ARTICLE
Inc
Atchison, Topeka & Santa Fe Company
Chicago Railway Age
Kansas
Nebraska
Superior
Chicago & Northwestern
Mexican Central Securities
Boston
State Street
Mexican Central
Mexican Central Road
Tampico Division
Aguascalientes
San Louis Potosi
Water Power Company
New
Back Bay Park
Boylston Street
Agassiz Bridge
Uttire
Boston Water Power Company
Parker Street
Boylston
Parker and
W. C. Park- Way
Sso
Falmouth
West End
Newport
Frenchman’s Bay
San Diego
Franslin
Demwen
Portage Lake
Frankslin
Franklin
Quincy
A‘ranklin
Beck Bay
Charlestown
Vowse
Waitane
Cain
The Metal Markets
The market for American pig iron remains largely steady with modest actual sales. Foreign pig iron is quiet with small lots common. Steel rails show little new movement though mills foresee later season activity, while copper jobbing stays quiet amid subdued trading at the New York exchange.
MENTIONED IN THIS ARTICLE
Purnace
Irvon
The
Pittsburg Post
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