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This newspaper page contains 17 articles. Subscribers can read the full text of each article.

Newspaper

Boston Post

Location

Boston, Massachusetts, United States of America

Date

Aug 24, 1888

Page

6

Money Market Mixed With Large Bond Issues In U S

The Boston money market shows no new features with the clearing house rate at 2.2% and general loans 4 to 5%. East Saginaw and Lexington loan awards total $100,000 at 5%, while New York exchanges rise, and government securities hold firm. Copper stocks gain on strong Lake Superior output. Franklin stock stands out for dividends. river mine developments push forward in Ontonagon region with increased underground work and water supply improvements.

Boston East Saginaw, Mich Maverick National Bank City of New York Chicago St. Louis San Francisco Sight Telegraph New Orleans Commercial Bank Charleston Savannah United States Treasury National Bank Oday Secretary of the Treasury Oreign Exchange Eichsmarks Bank of England Bank of France Iowa Nebraska Lowa Des Moines Omaha Jebraska Atchison Atlantic & Pacific California Southern Wisconsin Central Cleveland & Canton Preferred Memphis & Birmingham Oregon Short Line Union Pacific City of Chester San Francisco Bay Oregon Railway and Navigation Company Oregon Chicago, Burlington & Quincy Chicago, Burlington & Northern Stone Holdredge Burlington & Missouri Road Calvert Burlington & Missouri Keokuk Chicago, Burlington & Quincy Railway Burlington St. Louis & St. Paul Wabash St. Peters Denver Hannibal & St. Joseph Burlington & Missouri River New York & New England Eastern Old Colony Fitchburg Boston & Maine Boston & Albany Bell Telephone Erie New England Lamson West End San Diego Boston Land Newport Penobscot Aspinwall Frenchman’s Bay London Lake Superior Boston & Montana Franklin Marmine Cal Hec Tamarack WinOyssseee Os Central Os Atlantic Os Osceola Atlantic Central Osceola Quincy Calumet & Hecla Kearsarge National Rock House Ontonagon

Dividends Declared by Railroads Including SAGADAVONS Line

The Boston and Albany Railroad declares a dividend of 2 per share. The Cincinnati SAGADAVONS St Louis & Chicago line declares a quarterly dividend of 1.34 percent payable Sept 16 to stockholders of record Sept 1.

Boston & Albany Railroad Company Cincinnati, Sagadavons, St. Louis & Chicago Road

Proposals Sought for Oregon Improvement Company Stock

New York August 18 1888 sealed bids invited for up to 10000 shares of Preferred Stock at par with 7 percent accrued dividend. payments staged Oct 1 Dec 1 Feb 1 and Apr 1 1889. pro rata allotment if oversubscribed. delivery and certification details provided. bids due Sept 17 1888 with 5 percent deposit. Elijah Smith president.

New York Oregon Improvement Company Elijah Smith Mills Building New York City Elijaw Smith

Meigs Railway opens subscription books Sept four

Meigs Elevated Railway announces subscription books will open at the office on September 4 at noon for the first issue of stock. Full particulars available at the office or by mail on request.

Meigs Elevated

Soley Gay and Dorr Bankers Address Mentioned

A fragment notes the firm Soley Gay and Dorr Bankers located at 68 Devonshire Street. The brief item presents a street address without additional context or events. No further details are provided in readable text.

Auction Sales of Stocks Slated for Aug 29 1888

Stocks listed for auction include Union Market Nat banks in Brighton New England Mortgage Sec Co Salem Natl Exchange Nat First Nat Salem Asiatic Nat Salem Douglas Axe Mfg First Nat Salem Everett Mills Franklin Co Lewiston Flist Mills Fall River Everett Mills old stock rights Wakefield Rattan Co McKay Metal Fast Assoc Atlantic Cotton Mills Met St RR Co Kansas City Mo McKay Metal Fast Assoc Maine Central RR Lynn Boston RR Det Bay City RR Marriott etc. The notice enumerates numerous railroad utilities mills banks and shipping lines with quantities and classifications. The sale is by order of trustees and includes bonds warrants and various corporate securities as of August 29 1888.

Union Market Nat. Bk Brighton New England Mort. Sec. Co Natl. Exchange Vk Salem First Nat. Bank Asiatic N. Bank Douglas Axe Mfg. Co First Nat. Bk Everett Mills Franklin Co Lewiston Flist Mills Fall River Old Stock West End St. Ry. Co Cheshire Ri Herkshire RR Vt. & Mass. RR Wakefield Rattan Co McKay Fast Asso Atlantic Cotton Mills St. RR. Co K. C Do McKkay Maine Lynn Boston Boston Stock Exchange Os Allouez Cee Evscvcesvvessees Voc Atlantic Eee Ennee Bonanza B. & Mont Asty Cal Hee Catalpa Franklin Huron Ironton Kearsarge Ridge Aspinwall Lo Boothbay Ceress Seehewee W. P Boylston Street Brookline Seeree Campobello Senee Ats French Bay Tvs Maverick Newport Lamoine Payson Penobscot San Diego Sullivan Topeka Winthrop Wollaston Duc Atchison L. G Seree -Ehov Ty C Kan C. & W. Mich Con. Vt St. P D. D Elk. H K.C Ose Eens Dowd Mt Do Inc Scrip Va Ae W . Oe N.Y N. E Nor P. D.O Oregon L. C. Con GO Inc Wee Cere Pueb, & A. V Rutland Cin Eh Aero Sonora Union Pacifies Bo G Byle Do Inc LDV Atch. Top, & S. F Atlantic & Pacific Boston & Alba Boston & Lowe If Boston & Maine Boston & Providence Cal Central of Masa B. le Coron Col. Sp. & Cin Ana Amr Fitchburg Cervevens Ig Flin & PV Maine Central New Eng LMC Mutland

Wall Street Quiet After Mixed Trading Day

Money on call easy at 14% to 2% with last loan 2%. Prime mercantile paper 4 22 6 2. Bar silver 91%. Sterling at 4 84 12 for 60 day bills 4 87 4 for demand. Government and rail bonds dull but steady. Stocks opened weak, coal shares led gains before fading. Lackawanna and Reading among strong names, market closes heavy with irregular changes. Railroad trades $851,000. notable bond moves include Chesapeake & Ohio Southwestern seconds to 72, Ohio & Mississippi consols to 117, Wabash receipts 42, Great Western first certificates 92. NY Central firsts down to 182 1/2, Richmond & Allegheny receipts 56.

New York Prime Mercantile Sterling Exchange Lackawanna St. Paul Union Pacific Reading Chesapeake & Ohio Southwestern Ohio & Mississippi Wabash General Great Western New York Central Richmond & Alleghany

Foreign Financial Markets London Opens With Mixed Bonds and Stocks

The London market reports Consols at 995-16 for money and 99 for account, Evie 28 percent, Erie seconds 10144, Illinois Central 122 percent, Mexican ordinary 467s, St Paul common 7334, New York Central 11144, Pennsylvania 65 percent, Reading 26 percent. Money 1 1/4 percent. discount rates 2 5/8 percent for short bills and 2 percent for three months. Bar silver at 42d per ounce. Bank of England bullion on balance 315,000 pounds. bullion week gain 364,000. reserve to liability ratio rises to 43.47 percent from 39.80.

London Evie Erie Ilinois Central St. Paul Common New York Central Pennsylvania Reading Bank of England

Wheat Market Surges After Post Settlement

The New York Produce Exchange saw renewed excitement in the wheat market with heavy short covering and bullish cables. December led gains, closing near 101 1 4 cents, while September and October also rose. spot trading slowed. Corn rose modestly as traders absorbed news. Mr. Post returned to the floor after his affairs were settled.

New York Spector New York Produce Exchange Stephen R. Post Post

Insolvencies Bury Boston Firms Amid Liabilities

Business Troubles Daniel A Patch of 220 Devonshire Street and Charles P Loring a Boston paper novelties maker at 161 High Street have gone into insolvency. Liabilities total 1730 16 with no assets except a disputed account. Alien & Prichard grocers of Petersburg Virginia have assigned.

Daniel A. Patch Devonshire Street Boston Charles P. Loring High Street Alien & Prichard, Grocers Petersburg

Will of R. S. Spofford Filed in Salem Probate

The will of Hon. R. S. Spofford, anticipated to total about 75 000 dollars, was filed in Salem with Harriet Prescott Spofford named executrix. The document leaves Amesbury land and Deer Island property to his widow, plus various specific legacies to relatives, friends, and associates, and outlines sharing of his father’s estate and railroad stock among family members.

Massachusetts Deer Island Amesbury William C. Johnson Concor Railroad Company Northern Railroad Company Frances H. Spofford Georgiana Hall Harriet Frances Haswell Spofford Fair Street Newburyport Otis Livingston Prescott Southern Pacific Railway Edith Prescott Robinson Greenleaf Street Katherine Montague Moseley Fishermen’s Island Association of Maine Edward Augustus Moseley Thomas W. Pierce, Jr Topsfield Marion W. Pierce Albert C. Titcomb Grave Island Charles Levi Woodbury John H. Plage New York Robert Burns J. B. Kinsman William Wirt Richard Spofford Russell William A. Russell Michael Hosman Oakland Street Thomas W. Pierce Livingston Prescott Arthur St. Clair Richardson F. A. Howe M.D Charles Babbidge Fanny Mills Hall Katherine Prescott Moseley Samuel A. Wheelwright Acoma Washington Territory George J. L. Colby Parker House Boston

Commercial market roundup shows mixed demand across commodities

Wool and leather are in good demand while hides remain firm. Flour and butter hold firm or active, pork is in strong demand, and refined sugars are rising while fresh meats stay plentiful but dull. Several staples including corn, oats, beans, and molasses show steady or quiet movement with several items unchanged or easing.

Chicago Markets Open Strong as Wheat Leads Advance

Wheat opened active and firm, closing 2.5 cents higher as foreigners and locals dominated trading. Cables and foreign markets mirrored strength while corn and oats remained firm but quieter. hogs rose on short covering though pork showed little activity. Official hog receipts were 10,673 yesterday with 15,000 expected today.

Farnum, Reardon & Co

Leather and Hides Market Summary Shows Firm Prices

The leather market remains firm with higher prices for some items. Demand is cautious with small immediate purchases. stocks are reduced. Rough leather and calfskins improve, while finished leather and wax leather show stronger demand. Hides show quiet foreign demand but steady domestic sales, with varying quotes across hemlock, buffalo, Kip, and West lines.

Rio Grande Brighton New England New England West Buenos Ayres Montevideo Entre Rios Corrientes Cordova Entre Rio

Wool market steady with firm prices this week

The wool market remains excited though sales exceed 6 million pounds this week. Prices stay firm on desirable wools as manufacturers expect no decline and continue buying before prices advance further.

Wool market mixed as Territory wools firm and demand steady

The wool market shows firm demand for Territory wools and long staple Montana prices at 56c while good wools at 53c are available. California and Georgia wools show better movement, with Michigan and Ohio fleeces holding steady to firmer prices. unwashed and combing segments remain active amid varied regional trends. The Agriculture Department summarizes U S production from 1870 to 1887, noting sheep numbers rising and wool output increasing sharply due to breeding improvements.

Montana Texas California Oregon Georgia Ohio Pennsylvania Michigan Wisconsin New York New Hampshire Vermont Kentucky Indiana Missouri Joan Delaine Wools Territory Montan Wyoming Utah Colorado Kansas Nebraska Pennsylvaia Maine Washington Territory Montevideo Aleppo East India Candahar Department of Agriculture United States Bureau of Statistics Treasury Department

Boston grain markets report and flour price trends

Boston markets report domestic flour quotations and wheat and corn prices across major hubs. It notes firm tone, active sales, and higher prices in New York Chicago St Louis Milwaukee and Detroit with spot and contract levels for various flour types and grain grades including rye exclusions.

Minnesota Michigan Canada Superior Canada Roller Canada Extra New York City Mills Chicago St Louis Milwaukee Detroit Toledo Minneapolis

Also Mentioned on This Page

Mexican Central Consolidated Vermont Memphis & Birmingme Current River Oregon Improvement CO Williams & CO Meigs Soley, Gay & Dorr Mining and Stock Exchange Los. Relting Co City Bk American Waltham Watch Co Marblehead Nat. Bk McKay Ra H. M. Asso Martha’s Vineyard N. Bank Ead National Car Co Manf Nat. Bank Mase Manchester Mills Taunton Locomotive Co Pacific Mills Cheshire RR. Co Day Cordage Co American Insurance Co Oston & Binger Steamship Co de Pacific Guano Co Kansas & Western RR Maine Cent Burlington & Northern Fitchburg RR Lowa & Lansing Concord RR. Co Flint & Pere Marquette RR Sorcmena & Passumpsic Rivers RR Connecticut River RR. Co Simonds Rolling Mch. Co Boson & Lowell RR Chicago, Santa Fe American Bell Telephone Current River RR Chicago & West Michigan Kansas City, Clinton & Springfeld RR Union Pacific Ry. Co New York & New England RR. Co Brokers’ Board A&p Inc NY & N Am Bell Erie Tél Seersere Sears Ba& Aerenee Eeeee 202 B&m * “* 214 A,t&sf B&n Orn Oehburg Pref M & Birm Ny&ne Bebbecces M. c Frenchman' S Bay Penobscot Bay Eee KL A, T&si C.b&n CB A& Q Conn & Pass F& PI Sa Seeane Eeewe Ales Summit Branch Csccesses Wis Bell Issees Sneer Fastman Car Heater Co Lamson Store Service Co Pullman Palace Car Sked Allouez Rapp Arnold Actec St. Mary Securit Breece Southsie Bruns. G Sutro Pontiac Ing Alt, &T Dveie Sna Oye AL & Pe Jialeh Air Line Roch. & P Can Beeman Cowee Central Iowa Central Pac Ches Chi Cleve Col del. & H del. & Ly Den R.G Fort. Wayne Ft. W Hocking Valle Eree Houst Tex Kings Lake Shore Long Island Eeee Lou Lou N.A Man Beach Aol St. i Pactic Essex Packie Vref Northwestern Gees Aes Ni E Ohio Miss Rock Island Ing. Pie Rome S. Ore P.M. &M. Sae Ae O Anys Tol & O. U Pacific Utica & B Iva Pivastes Oregon Sm Anne Pacific Mail Pullman Palace Union Rk. Gee M. D R. G RG. St. L Wasts P C. Erie K. && Silver Coeee F- Br Sid C TOC Shore Amador Plutus Proustite I Col. Coal Quicksilver Con C.& My el Cristo Santiago King Hale & Nor Tenn.c Belle Isle Ontario NEW York Financial Mr. Post Spofford Chicago Markets
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