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Newspaper

Boston Post

Location

Boston, Massachusetts, United States of America

Date

Dec 21, 1888

Page

6

Money Market Rumors and Bond Activity in Boston and New York

The Boston money market remains easy with new loans at 8 percent and general market time loans from 4 to 6 percent. Clearing house balances show modest loan activity. New York funds discount at 1 to 2 percent. US and foreign exchange levels trend, and bond offerings totaled 75,000 with several issues priced at 128¼. Local stocks display mixed results with notable activity in Atchison, California Southern, and San Diego Land. San Diego real estate remains buoyant amid property sales and development chatter. A circular urges stockholders to support a leadership change at Fitchburg Rail Road Company to restore solvency and prudent management.

Boston New York Chicago St. Louis San Frencisco New Orleans Charleston Savannah Newton Potter-Lovell Company Bank of England Bank of France California San Diego Atchison S. W. White & Co California Southern Oregon Short Line Union Pracifie Chicago, Burlington & Northern Chicago & West Michigan Wisconsin Central Wisconsin Central System Burlington & Quincey Perkins Mexican Central Chicago, Kansas & Western Sonora Atchison Trust Ondensburg Lake Champlain Oregon Vermont Eastern Common Boston News Bureau Tem Boston & Maine Eastern Boston & Albany Boston & Lowell Central Massachusetts Common Supreme Court San Diego Land The Herald San Diego Land Company Supreme Court of California Coronado Beach Fifth Street Chase Dock Third Fourth Ash Streets West End Brookline Frenchmaan Penobcot East Boston Lamson Calumet & Bela Tamarack T’amarack National Boston & Montana Allouez Bonanza Osceola Fitchburg Railroads Company Mr. Phillips Galeo

Dividends Declared by Several Companies This Quarter

A list of firms declaring dividends this quarter includes Boston & Colorado Smelting 24 percent, Seaconner Mills 4 percent, Flint Mills 32 percent, Reversible Dollar 5 dollars per share, Daly Mining 25 cents, First National Bank of Auburn 10 percent, Bell's Gap Railroad 5 percent, Wells Fargo 4 percent semi annual, Chicago Rock Island Pacific 1 percent quarterly, and North End Savings Bank 2 percent semi annual payable January 1.

Boston & Colorado Smelting Seaconner Mills Company Fall River Flint Mills Company Daly Mining Company First National Bank of Auburn N. Y Bell’s Gap Railroad Company Wells Fargo Company Chicago, Rock Island & Pacific Railroad ‘Company The North End Savings Bank

Massachusetts National Bank of Boston item note

The Massachusetts National Bank of Boston Incorporated 1784 lists a rate exchange on London San Francisco and China. Charles W. Perkins is cashier and French is president.

London San Francisco China French Chas. W. Perkins

Investments for Sale by Brewster Good and ESt ersook

Brewster Good and Estersook offer stock and bond orders for sale and execution in Boston New York and Philadelphia from their office at 35 Congress Street Boston.

Brewster, Good & Estersook Congress St Boston New York Philadelphia

Bonds Sold By International Trust Company Boston

Principal payable in gold on Oct 1, 1908, dated Oct 1, 1888. Coupons payable in gold April and October, denom 1000. Price in the company treasury advanced to 10L with accrued interest, former stock bonus offer withdrawn. Thomas J. Hurley Boston Stock Exchange

Auction Sales Include M A Co Stocks And Rail RRs

Auction sales list extensive holdings across banks railroads and manufacturing firms from lenders like Newton Nat Bank to Milwaukee and Boston lines. Notable items include 1497 shares Moses King Corp and 5000 Fitchburg RR sixes 1895 with various collateral notes and scrip. Also recorded New York Stock Sales data for December 20 with aggregate 250,710 shares and daily price movements.

Wec Assiance Moses King Corporation Newton Nat. Bank Newton, Mass Lao Alsa City Emporia & Southern RR Arene & Eastern Ill Consol, Mort Fitchburg BR. Ss Mexican Central Teral Weston Hae Davidson Invest. Co Haistiton Woollen Co Grooved Slave and Corrugated Hoop Co Boston & Albany RR Guardian Boston & Albany RR. Co Old Colony RR Boston & Providence RR Boston & Maine RR Security Investment Co Shawmut Third N. Bank Tremont N. BR Hamilton Woollen Co Lowell Mfg. Co Amoskeag Mfg. Co Fitchburg Pia Col Spg Cincinnati RR Boston Keverebech & Lynn RR de Eastman F. Car Co Kansas City Emporia & So Onnevere & Lake Champlain RR Wiconsin Cent Saoner Co Kan City, Law. & So Pullman P Alace Car Co Falls Mfg. Co Boston, Concord & Monti Lawrence Mfz. Co Nat. Rk Redemptio Do Batea Mfg. Co N.city Bank Simonds Rolling Mills Gt. Falls Mfg. Co Merrimack Mfg Dwight Mfg Showalter Mfg Con Wichita & Western RR Cincinnadi, Sandusky & Cleveland RR New York

Wall Street Quiet with Coal Stocks Leads Gains

New York financial report shows money on call easy at 3% to 4% with last loan 3% and 342 4 close. Sterling steady. coal stocks like Lackawanna Reading and Delaware & Hudson climb, Rock Island dividend 1% sparking mixed shifts. market ends dull yet steady, with rail bonds active and totals around $1.37 million in bond trades.

New York Prime Mercantile Sterling Exchange Lackawanna Reading Delaware & Hudson Rock Island Chicago Gas Trust Dulness Houston & Texas Ohio, Indiana & Western International Pensacola & Atlantic Jackson, Lansing & Saginaw Richmond & Danville Green Bay

Foreign Financial Markets Report From London and Paris

London market figures show Consols at 96% for money and account, with various rail and utility stocks quoted. Paris notes a 3 percent rentes rate and Bank of France weekly gold and silver increases, while Bank of England bullion rose £147,000 in the past week and reserve ratio shifts to 39.91 percent.

London Atlantic & Great Western Erie Illinois Central St. Paul New York Central Reading Paris Bank of England Bank of France

Railroads Vex Wade Plan to Refinance Mexican Central

The New York Commercial Bulletin reports a Wade scheme to refund all Mexican Central securities at four percent. Boston firms doubt a single four percent bond. a prominent house says Wade aims to gain foreign holders’ consent for temporary ten percent notes and later abandon interest above four percent. The 1885 deal cut first mortgage interest from seven to four percent, leaving eight percent noncumulative, which the company now seeks to evade.

New York Commercial Bulletin Wade Mexican Central Railway Boston

Western States Association plans new passenger agreement progress

Chicago dispatch reports a seven-general-manager committee report on a new passenger agreement for Western States lines. The report was accepted, committees were appointed to digest features, and the general meeting postponed details to Friday as work advances on the Pennsylvania Poughkeepsie Boston railroad linking to the Poughkeepsie Bridge.

Chicago Western States Association Pennsylvania, Poughkeepsie & Boston Railroad Old South Mountain Poughkeepsie Pine Island Deckertown Sussex County

Maine Woollen Manufacturers Club Hosts Meeting at Youngs Hotel

The Maine Woollen Manufacturers Club met last evening at Youngs Hotel for business and social time. President Lewis Anderson of Skowhegan presided with A F Bradbury of Dexter as secretary. Twelve members attended with guests George E Kimball of Pittsfield Joseph Seaver of Bangor and Gates Barnet of Albany. The tariff on worsted goods and wools dominated discussion with Archibald Linn William Dobson and others as speakers. Two new members were elected and more candidates were considered.

Maine Maine Woollen Manufacturers’ Club Young’s Hotel Lewis Anderson Skowhegan A. F. Bradbury Dexter George E. Kimball Pittsfield Joseph Seaver Gates Barnet Albany N.Y Archibald Linn William Dobson D. R. Campbell Bradbury Mr. Kimball Club

Verdict for Mrs Preble against Bates and Walley stock brokers

The United States Circuit Court jury found in favor of Mrs. Sarah A. Preble in a suit against Bates and Walley to recover 60000 for stocks and bonds lost by her son Edward in speculations. The verdict awarded 34772 88 to Mrs. Preble and allows the defendants to seek a new trial.

Sarah A. Preble Bates & Walley United States Circuit Court

Aiding Discharged Convicts Report At Massachusetts Meeting

At a quarterly executive committee meeting of the Massachusetts Society for Aiding Discharged Convicts Alpine McLean presided The agent reported 93 discharged convicts advised and assisted during the quarter with details on origins marital status literacy arrests temperance home location assistance furnished and average sentence and age

The Massachusetts Society For Alpine McLean Massachusetts State Boston

Women’s Charity Club Totals $800 From Local Fairs

The Women’s Charity Club held a meeting at Mrs Charpiot’s residence on Worcester Street. Treasurer reports $800 raised for various charities from fares at Winthrop Hall, Jadymarkt, Helping Hand fair, and Post 68 table, with half of Post 68 share allocated to Ladies’ Aid. committee named to act for three months amid talk of detention house neglect by city and state authorities.

Women's Charity Club Ladies’ Aid Association of the Post Women’s Charity Club Lord L. A. W. Fowler Phelps

Mullen Arraigned for Murder in Municipal Court

Thomas F. Mullen was arraigned in Municipal Court on a murder charge after his wife was found dead with arsenic in her stomach. His lawyers pled not guilty and he was committed without a hearing to return on December 31. The prevailing belief is the death may have been self-inflicted.

Mullen Thomas F. Mullen Notuilty

Boot and Shoe Buyers in Town

Chicago visitors I1-T N Howard of Howard and Hayward Cincinnati O L Runsel of I Fuller Sons and Co Louisville Kentucky C A Warren of Warren and Co Advertising St Joseph Missouri C W Noyes of Noyes Norman and Co Swedesboro New Jersey A K Tallman of A C Tallman and Ogden Kanes Sa McClung of Getto McClung B and Co.

Chicago Howard Howard & Hayward Cincinatti L Runsel I Fuller, Sons & Co Louisville Warren Warren & Co St Joseph Noyes Noyes, Norman & Co Swedesoro Tallman Tallman & Ogn Kan—Sa McClung Getto-McClung B & O

Market Trends Review for Agricultural Commodities

Wool is firm and steady while leather is dull. Hides ease as flour remains quiet. Corn and oats are dull with oatmeal firm and cornmeal unchanged. Rye strong and rye flour quiet. Cottonseed meal firm and malt dull. Hops slow and barley quiet. Butter, cheese firm and eggs and beans in demand. Potatoes unchanged and sweet potatoes steady. Poultry steady. game in fair demand. Hay easy. rye straw firm. Truck dull. fruits quiet with oranges lemons steady and grapes dull. Pork, corned beef unchanged. fresh beef quiet. veals slow. Hogs steady. mutton quiet. lambs plentiful. Tallow steady. sugars scarce.

Milwaukee St Louis Chicago Detroit Peoria Toledo New York Canada Michigan Bush Choice

Wool Market Shows Steady Demand Despite Year End Cooldown

As year ends, wool demand dips but market remains firm with even distribution and strong foreign influence. Fine fleeces are scarce while combings and delaines are short in supply. Texas wools prices softened, stocks in the U S and Boston will be smaller than prior year, 4.6 million pounds on passage to Boston, next London sale begins the 29th, heavy weights look favorable.

Texas Boston London

Leather and Hides Market Activity Summary

The leather market shows weakness in cheaper grades and dull finished leather with prices favoring buyers. Hides remain quiet but show better movement than prior periods, with domestic stocks and rough calfskins priced lower amid seasonal softness.

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

Grain Markets Show Quiet Opening and Mixed Moves

Chicago traders note wheat opened quiet, advanced briefly then sold off as large holders tried to push prices lower. Private English market reports give a cautious upturn, while Duluth December wheat falls 3 cents. Corn remains steady overall as traders cite a very large crop yet low prices and hopes they hold. Williams & Co list opening, high, low and closing Chicago quotes.

Chicago Farnum, Reardon & Co Duluth C$ Williams & Co

Grain futures and wheat cash prices from St Louis market

December to May bids and closing prices for grain futures show December 30% bid and January, February, and May bids. wheat cash prices list 101% asked for December and 102% for February with 1055% bid in May.Vom cash quotes reflect 30% bid December and 30 8¢ January. May bid 344ec. Oats cash futures show December 24 4c bid and May 2874 C asking.

Ighest New York St Louis V&e Peoria Chicago

Boston Market Flour and Grain Prices and Activity Dec 20

Market report from Boston outlines carload inspections across wheat, corn, oats, and rye with quiet yet steady flour demand. See New York and Chicago price movements for No 2 red wheat, steamer yellow corn, and oats. notes on shipments, receipts, and regional variations across several cities.

Minnesota Michigan Canada Superior Canada New York City Chicago St Louis Milwaukee Minneapolis Duluth Toledo Baltimore Philadelphia Detroit Coria

Butter market steady with mixed wholesale demand

The butter market shows weak activity with small lot sales for immediate needs. Prices vary by region and grade with Western creameries at 30 31c, Eastern creamery at 29 30c, and jobbing 1 2c higher. The Chicago exchange reports inactivity at old prices and New York notes slight firming in some quotes.

Sma Vermont Eastern Chicago New York Western

Also Mentioned on This Page

P.O. Box Mass Mason D. Benson John F. Brown John L. Alexander I. H. Tyndale William Livermore Daniel French J. 8. Stearns Francis Buittrick A. A. Ranney A. A. Ranney Iegbe George D. Dodd Horace Dodd E. Fenwick Stene Massachusetts National Bank OF Boston Wrate Kiqder, Peabod & Co., Bankers Bevonshire Street Nassau Street City of New Bedford City of St Louis City of Cincinnati City of St. Paul City of Columbus R. R 8. R Portland Ogdensburg R.A Fort Worth Land & Street By Co Fort Worth, Texas International Trust Company Thomas J. Hurley 7 Exchange Place Boston Stock Exchange AY & SF Bos. & A Gk&w M&e Wb BS Og & LC Euston Boston Land Frenchman’s Bay San Ines Catalpa GO National Oeras Jsuston Lowell RK Cal South Cin San & Cleo S. Od Skan Inc Am Bell Ths Cambridge Gaslight Co McKay & Bigelow I. M. Asso Metropolitan Nat. Bank Yvortland Iaco & Portsmouth Nat City Bank Osat Wooster Bank Howard Nat. Bank Ameskeay Mfg Pemberton Co Lawrence Great Falls Nashua & Lowell Newburyport Amesbury St. Ry. Co Coun. River RR Pueblo Smelting and Refining Atlantic Nat. Bank Rutland RR. Lin Real RR Atneskeig Mfg. Co Amory Mtg. Co Do Lewis Wharf Co Oli Boston Ss. Bank Do Market N. Bk PLC Erie Tel Lamson S Isoston Newvport S. Treen San [Diego West Bend Aly Mont Napa C&w Allouez Rae Arnold Lis Bonanza Devel’t Cai Hecia Ee Antalpa Fe Ironton Kearsarge Lumarack Land Companie Aspinwall Ees Boothbay Tvs Boston Sneer Boston W.P Oylston Street Alg Campobello Bay Wollaston Puce Bs & Q Ville Lo Deb. Gs Chi Elk H. Gs K.C Serip N. Aaya Seeee Ly Nor Pac Pernt Ae Rutland Cdo Do Tex. Hdiv O. &L Do Inc Eae Souy St. Jo G. L Union Parites Wis Budoine RILRO AD Co Atch Top S. F Tee Cleve Canton Eeeik Do Sane Sp. & Cin Det K. C Sp. & Mem L. E St. L. O Maine Central Fides Old Colony Sewer Union Pacific Bell Eastman Pullman Lalaecs Miscellaneous Stock Exchange State Street Wilson W. Aay & Ree Lamoine Land Penobscot Bay Land Sullivan Harbor Land Union Glass Commpany Topeka Crescent Burton Ls An Ing. Ng Alt. & T Pacific Central Iowa Central Pacific Ches Ohio Alton Eas Beaman del. & L Isi Den R. G Tenn Fort Wayne W & Dd Hocking Valley Houston &Texas Ill Kan. & Tex Ion Pogar W . YI Long Island Sree Bo Baty Lou N. A Man Beach Central Minn St. Piet St. i N. Ei Miss Titlsburg Rich Rene Rome Aes &O Thew & Bot Ls Lew LW DARA Wes L Ieee Ener Oregon Lin Tacitie Mail Pullman Pat Union Boye American Oil Eeee Petroleum Lé i. D St. P P. Kan Do &S Tex N.J. C P. RK. G. N. Pac N. W Adams Ener American Wetts Fargo Amador Homestake Belcher Typhon Silvér Mt. Diablo Stas, Gonla & Cu Kale & Nor Hock, Coal Uaton Con Alfa Peur Yas Gould & Curry Senate Sierra Nevada Utah Esoee Nevada NEW York Financial Foreign Financial Markets Railroad Matters Mrs. Preble J. E. Carter & Co., Bankers & Commission Broker’s Washington ST Boston Markets
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