Money Market and Rail Stocks Hover in December Trading
Boston opens steady with bank discounts at 6 percent and Outside papers at 6.5 to 7 percent. Treasury and New York exchanges show declines from last year, while rail stocks like Atchison and Rutland move amid tariff and consolidation news. Major rail deals include Rutland’s sale to Delaware & Hudson and related price debates.
Treasury debt recap reveals assets liabilities totals
Washington December 1 summary shows interest bearing debt totals of 1 041 761 542 00 with bonds at various rates and a large amount in gold and silver certificates. Total debt after cash items and reserves stands at 1 295 441 753 86 with net cash 380 574 906 56. Further notes include Pacific railroad bond obligations and public debt figures with assets and liabilities itemized from US treasuries and banks.
MENTIONED IN THIS ARTICLE
Pacific Railroad
Tplgloss Eiselyea
Treasury
United States
Transportation Service
Jonds
Oasis
Wee Ees
Department
U. S
Post Office Department
Treasury U.S
D. C
National Bank
Ee Nations
District of Columbia
Bank of France Gold Declines and Silver Rises Noted
Bank of France reports a decrease of 3 225 000 traics in gold and an increase of 676 000 trance in silver. The shifts reflect asset reallocation in precious metals during the period.
MENTIONED IN THIS ARTICLE
Bank of France
London stock market closes with mixed Consols and US bonds
London and Paris financial wires report Consols at 1035 16 for money and 102 for the January account, US bonds around 48 129 percent and 44x 110, Atlantic and Great Western notes quoted, Canadian Pacific and Mexican issues active. Bank of England bullion rose £77,000 in the past week, reserve ratio up to 48.04 percent from 45.23. Paris market follows with weekly statement.
MENTIONED IN THIS ARTICLE
Boston
New York
United States
National Bank
Sterling Exchange
Continental
Reichsmarks
Treasury
Atchison
Chicago, Burlington & Quincy
Chicago
Colorado
Missour River
Wabash
Burlington & Quincy Bay
Illinois
Transcontinental Association
Pacific Coast
Canadian Pacific
Pacific Mail
Kansas City
Clinton
Springfield
Detroit
Lansing & Northern
California Southern
Atlantic & Pacific
Chicago & West
Michigan
Summit Branch
Mexican Central
Cleveland & Canton
Flint & Pere Marquette
Jackson
Lansing
Lansing & Saginaw
Grand Rapids & Indiana
Gilnne & Lieclaisin Company
Wisconsin Central
Wisconsin Central Railroad Company
Wisconsin Central Company
Boston Safe Deposit and Trust Company
Farmers’ Loan and Trust Company
Okl
Henry F. Spencer
State Street
Charles L. Colby
Epwin H. Apper
Colgate
London
L’arts
Bank of England
Paris
Lake Superior
Mineral Range Railroad
Messrs. Staynor and
Ives
Hancock & Calumet
Osceula-lamarack
Central Railroad of
New Jersey
New York Stock Exchange
Fox River Construction Company
Capital
Wisconsin
Oshkozh
Wisconsin River
Berlin
Louisville & Nashville Railroad
Huntington
W. Va
Louisville
A. A. Allen
Denver & Rio Grande Western Road
Fitchburg
Jimma
Alfred J. Heath
Washburn
Shute
New “Soo
St. Paul
Canadian Pacific and
Eastern Railways
Minneapolis
Boston & Lowell
Montreal
Portland
Halifax
North Atlantic
Hopkinton
Mass
Milford & Woonsocket
New York & New England
Money on Call and Market Dull in New York Trading
New York December 1 money on call has been easy with loans from 8 to 414, last loan at 4 and closing offered at 3. Prine mercantile paper 64. Bar silver at 90 1/2. Sterling exchange dull.
MENTIONED IN THIS ARTICLE
New York
Prine Mercantile
Sterling Exchange
Market summary shows gains and losses across rails and bonds
Stock market fluctuated with dull rails and steady bonds. Lake Shore led intraday gains while Reading and Lackawanna saw declines. later unions and Pacific Mail rose. Notable moves included Denver preferred and Jersey Central bonds as railroad developments and regional coal shipments influenced prices.
MENTIONED IN THIS ARTICLE
Lake Shore
Lackawanna
Reading
St. Paul
London
Union Pacific
Bears
Congress
Denver & Rio Grande
Chicago, St. Paul & Minneapolis
Hocking Valley
Fort Worth & Denver
Oregon Trancontinental
Atchison, Colorado & Pacific
Wabash
Great Western
Jersey Central
Knoxville & Ohio
Milwaukee
Shore & Western
Airland
Chicago
Delaware and Hudson directors report strong earnings in 1887
Directors note no detailed earnings statement was given but assert 1887 earnings compare favorably with 1856. The policy is to declare dividends from prior year earnings, so the last quarter's dividend remains unchanged though 1887 profits are satisfactory. A board member hints next year's dividends may rise with current earnings. The Lehigh region strike discussed.
MENTIONED IN THIS ARTICLE
Delaware & Hudson Company
New York
Lehigh
Delaware & Hudson
Multiple New England Firms in Financial Trouble and Assignments
The Rochester boot and shoe dealer Warren J. Babbidge had assets far below liabilities of about 9500. Boston dealers Levi Timson & Co. suspended with 5000 to 6000 liabilities. E B. Cummings Carriages of Southbridge owes 6000 to 7000. St Louis Ells worth millinery assigned to L Gottschalk. New Haven cigar maker John Gutt assigned to George Schaffner. Dighton Kay Parker & Bashford attached. Freeman Manufacturing North Adams unaffected by Brown Wood Kingman liquidation. Castleton trader Henry Armstrong owes 10185. Haverhill dry goods Niblock & Reid compromised to 45 cents on the dollar. W H Hutchinson Co creditors near 50 cents on dollar following assignment to G E Soule. Revere The New Cafe noted.
MENTIONED IN THIS ARTICLE
Warren J. Babbidge
Rochester
N. H
Boston
Levi Timson & Co
Atlantic Avenue
E B. Cummings
Southbridge
E. Blell Millinery Company
St. Louis
Hk. L. Gottschalk
John Gutt
New Haven
Colon
George Schaffner
Parker & Bashford
Dighton
Kay
Olonel Bracewell
Freeman Manufacturing Company
North Adams
Brown, Wood & Kingman
Kienry E. Armstrong
Castleton
Haverhill
W. H. Hutchinson & Co
Washington Street
Shoe Merchants and Agents Listed by City and Firm
A long list of named individuals and firms across cities from Atlanta to St Louis, with roles such as representatives, agents, treasurers, and managers in shoe companies and related firms. The entries include Gramling, Draper, Fearey, Kavanagh, Koch, Klognberg, Brown, Rogers, Adler, Goldsmith, Schnadig, Thorne, Plant, Sachs, Laws, Simpkinson, Benckenstein, Hills, Childs, Farnsworth, Amsden, Bryant, Newberger, Hapgood, Durland, Richardson, Christiance, Rosenberg, Owen, Warren, Knox, Marks, Fisher, Bryant, Pickenboox, Bryant, Cohn, Rosenstock, Porter, Slessenger, Gotzian, Kellogg, Ackerman, Bain, Brown, Baker, Smith.
MENTIONED IN THIS ARTICLE
Atlanta
John R Gramling
Gramling, Spaulding & Co
W Draper
Draper, Moore & Co
Albany
H Fearey
J Fearey & Son
Amn
Amsterdam
Kavanagh, Craw
Alentown
Penn
Leb
Lek & Co
Linrouse
Allentown
Koch O
Lass & Koen
Lrowansville
Pex
J Klognberg
Bloomberg & Raphael
Burlington
H A Brown
T W Bardydt & Co
Tre
Baltimore
M Daniel
Blandorf & Co
Altimore
D G Rogers
Brooks, Rogers & Co
Realtimore
H Adler
Cohen, Adler & Co
Chicago
Lis Goldsmith
Rosenthal
Goldsmith
Dubuque
R Amsden
Large & Amsden
Pickenboox
Pavenport Ia
P Bryant
Bryant & Co
Re. Dallas
Tex
J Newberger
Sawyer Bros
Re. Eason
Kenn
M Hapgood
Hapgood & Co
Ad. Hornesdale
C Durland
Minn
J Kellogg
Kellogg, Johnson & Co
Syracuse
T Smith
Smith-Frazer Boot
Market Report Highlights Mixed Farm Prices Quiet Leather and Flour
The market shows leather quiet while hides remain weak. Flour and rye are steady to firm with corn and oats higher. Butter and eggs firm, beans moving fairly, potatoes and sweet potatoes steady to moving, pork and lard unchanged, lambs dull, veal moderate demand, and refined sugars steady.
Boots and Shoes Trade Surges After Thanksgiving Orders
The boot and shoe industry rebounds with strong orders from large manufacturers and rising stock sales. Buffalo and regional markets show brisk demand for various lines including kid boots, buff calf, and women s grain goods. Rubber trade remains active with liberal shipments. weekly and year to date totals are reported.
MENTIONED IN THIS ARTICLE
Ick Boots
Leather and Hides Market Update and Export Totals
The leather market remains quiet with sellers pushing for sales on small lots. Demand varies by type with grain and finished calfskins steady yet overall activity soft. rough leather and sole leather show weakness and abundant common grades favor buyers. Exports in the past week reached 49,574 from this port and 24,470 sides from New York, with prior week at 50,264.
MENTIONED IN THIS ARTICLE
Hemlock
New York
Brighton
New England
Buenos Ayres
Montevideo
Rio Grande
Entre Rios
Market Reports Dec 1 Flour and Gran
The flour market remains steady with small lot sales and firm prices due to reduced output from icy weather. Corn stays firm and higher with light spot offerings. oats rise with strong trading both spot and futures. Prices shown include No 2 white oats around 39 to 42 cents on various months and settling near 39 1/2 to 40 cents.
Also Mentioned on This Page
Rutland Common
Rutland
Associated Press
Rutland Railroad
Delaware & Hudson Canal Company
P. W. Clement
Ratland Road
Central Vermont
Concord
J. Gregory Smith
Central Vermont Railroad
Sullivan Railroad
Connecicut River
Leonard
Vermont Valley Railroad Company
Vermont Valley
Connecticut River
Frederic Billings
Cheshire Railroad
Cheshire
Hartford Courant
New London Northern
Central
Vermont
Boston & Alvany
Shinn
Erie
Clark
Central Massachusetts
Boston & Maine
Vermont & Massachusetts
Chicago, Kansas & Western
Oregon Short Line
Birmingham
Chicago & Western Michigan
West End
San Diego
Frenchmen’s Bay
Tasut Coper
Lake Ingot
Calumet & Heela
Calumet
Tamarack
Osceola
Franklin
Mesnard
Pontiac
Kearsarge
Atlantic
H. Yenner & CO
Congress Street
West End Street Railway Co
American Loan and Trust CO
J. He. Goodspeed
West End Street
R’y Co
Boston Stock Exchange
Gali
Public Debt Statement
Washington
Cal & Hee
Ae AU Sbp
C& W
Nce
KF &P M
T&sf
de Bonanza
Rir Kearsage
Aia Mesuard
French Bay
Penobscot
Wink
Maine
Chacon
Nees
Reyween Oalys
M. C
K & W Ss
Kansas Inc
Mining and Spock Exchange
The
Reserve Fund
Uecmiens
Balances
Bonanza Development
Vieuwee
Brunswick Antimony, Codume, & Heela
Eeetrewens
Pamarack
Aspinwall
Eeeasevese
Brookiine
French
DS Ie
Oath
Auaulic & Vac
Atlantic & Pacine
Cal
Kan
West
Vly
Scott & Gull
S. Rock & Ft. Smith
N.Y
N. EE
N. Y
N. E
Ain
Ow. & L. Cham Puew. & Ark
Eles
Southern
Atch
Top
Santa Pe
Boston & Albany
Hoston & Lowell
Boston & Providence
Chi
Burl. & Northern
Chih
Burl. & Quincey
Mars
Ad Oy Cin
San
Cleveland
BOS Cleveland & Cuinton
Cleve, & Cunton
Eastern
orLe
Flint & Pere
City
Scott & Galt
Spring
Id Central
N . EK
Rae Ogdens
Rg & Like Cham
Obey
Old Colony
Kiutland Vref
Bok Union Pacific
Wis
Svenenesse
Bavee Oke
Bonanza Mining
Seer
Brunswick Gold Mining
Ereeeere
Mesnard Mining Sete Eee
Empire Mining
National Mining
Franklin Minin
Aee
Rayahannock Miining
Eeee
Security Als
Satro Funnel
Es Arenseeepone
Dunkin Mining
Ereerenene
Napa Mining
Kearsaige Mining
Boston Water Power
Lord Acoustic
Athintic & Pacific RR
Union Vacific &Kr
Atchison RE
Cleveland & Canton RR
Allouez Oe
AO Arnold
Bo Ra Hs Ve Azlec
Ringe
Bonanza
Ane
Bowlin
Nouth
Oo Ag i Stormont
Brons
Burton
Crescent Bruns
Dunkin
Kuter
Mipire
Humboldt
Lord Ae
Os Hinuront
Mags
N.E
Minnesota
Wilson W. Bay & Co
Eeeer Rere
Grav
Total
Central Town
Ches. & Ohio
Ener
Asva
Chi. & Alton
Den
RE. G
East
Tenn
Fort Wayne
Ft. W
Houst
Texas
Harlem
al Onvne Iz
Loug Ae Ind
Lou, & N
Lou
Fem
Che
Ohio
Essex
Ae & Chat
J. Cent
St. L
Oregon
Pitta
Bevdain
Rich
Teem
VO Roch
Rome
Rock Island
Ill
Anne Seer
Aigek
Cates
Ae &M
SOL
Land and ‘Misoaldashous Companies
Oregon Im
Pullman Palenti
Ty Wal
W. Union
Anne
Ite Vo O
R.G
K.G
Kan. P
KK. Dw .Tg. So
Ara Mt. A &T
Bresesoer R. G. Mut
UnionGs &4
Oke Pac
Shore
Express Com
Agi Adams
U. OS HH
American
Lusi G
Wells” Largo
Amadoree
Homestake
Ly Belcher
Vz Hi
Bodie
Brunswick T
Iron Hill
Ontario
Chellar Eenee
Plymouth
B. . S. Sebastian
el Cristo
Ae Securi
Joskeag
G Ud
Eng Tel
Asvinwall
Sun Piexo
A&p Inc
B&n
B&q
M& Bos
Am Beil
Geri Ea
Boston Ld
Seeree
CB & Q
Fts&g
Nys&ne
California
San Francisco
Myer
Grould & Curry
Hale & Norcross
Commonwealth
Nevada
North Belle Isle
NEW York Financial
Railroad Matters
Raiload
Devonshire Street
Congress Square
Quincy House
ALVIV