Money Market and Stock Summary from Boston and Chicago
The week opens with easy money in Boston led by 4 to 5 percent general loans and 14% between clearinghouse banks. New York and Chicago exchanges rise. government securities steady. a large bond offering and treasury actions noted. Stocks show activity and irregularity with Atchison shifts and Iowa tariff impacts. various rail and mine shares move, including Boothbay Land Company and Boston Water Power land sales planned for Feb 20.
Dividends Declared by Rail/Steamship and Mining Firms
The New York Providence and Boston Rail road Company Stonington line declares a 2 percent quarterly dividend. The Providence and Stonington Steamship Company pays 24 percent quarterly. The Osceola Consolidated Mining Company fixes a $1 per share dividend payable March 1 to stockholders of record February 9, with transfer books closed February 9 to 19 inclusive.
MENTIONED IN THIS ARTICLE
New York, Providence & Boston Railroad Company
Stonington Line
Providence & Stonington Steamship Company
Osceola Consolidated Mining Company
Stock and Bond Orders Executed in Major Cities
Stock and bond orders were executed in Boston New York and Philadelphia affecting market movement. Traders noted cross exchanges with notable volumes and price shifts across several listings and securities.
MENTIONED IN THIS ARTICLE
Boston
New York
Philadelphia
Mexican Central Railway plans $15 million reorganization
The Mexican Central Railway Company proposes a comprehensive recapitalization to reduce fixed and contingent interest charges. It issues 5 percent 50-year priority bonds, 4 percent mortgage bonds, and two series of consolidated income bonds. A new consolidated mortgage secures the exchange, pledges subsidy, and restructures debt to improve security for bondholders and shareholders. Bondholders are invited to deposit bonds in London and Boston by February 22.
MENTIONED IN THIS ARTICLE
Boston
U. S
Boston Safe Deposit and Trust Company
Guadalajara
Tampico
U.S
Trrcome
American Loan and Trust Company of Boston
Messrs. Glyn, Mills, Currie & Company
London
Boston Safe Deposit and Trust Company of
Readyini
Levi C, Wade
Auction Sales at Boston Stock Exchange 1880
Stocks listed for auction on Wednesday Feb 6 1880 at 11 30 a m by order of Executor and Administrator include Lancaster Malls Lowell Horse RR de Boylston Mutual Ins Co and many railroad and bank securities with quantities ranging from 2 to 8000 shares and various bond issues spanning multiple states and companies.
MENTIONED IN THIS ARTICLE
Lancaster Malls
Lowell Horse RR
Boylston Mutual Ins. Co
Lowell Hosiery Co
McKay & Hig. H. M. Asso
Worcester, Nashua & Roch, RR
Shoe and Eather Nat. Bank
Pacific Mills
Farmer’ Loan and Trust
Mass. T. le Ins. Co
St. Cloud
Minn
Water Co
Unionacific
Lincoln & Colorado RR
Bell Tel, Co
Topeka & So. Western RR
Top. & Santafe
Topeka & So
Western RR
Union Acific Guar
Lombard Invest, Co
Ary & West Mich. RR
Gen. Mort
Rutland RR
City
Warsaw
Vt. & Mass
Douglas Axe Mtg. Co
Farmers’ Loan and ‘Trust Co
Kansas
Naumkeag St. Ry. Co
Salem
Mass
Morse ‘Twist
Merchants’ and Miners’ Transportation Co
Consol. RR
Vipid
Shird Natl. Bank
State of Mainers
N. Fh. Mort. Sec. Co
Providence
W. TL
Ft. Scott & Aulf RR
Money Market and Stock Summary in New York Trading
Money on call easy 2 to 6 percent, last at 3. prime mercantile paper 4 to 6. Bar silver 92.4. Sterling steady with 4.86 bid sixty-day bills, 4.88 demand. Government bonds dull. Stock market active after noon then weak. most names slipped slightly. Rock Island fell 0.5, Cotton Oil rose 1.5, Atchison St Paul and Canada Southern stayed active. Closing quiet, small losses from open, mixed leadership with Big Four and Vanderbilts firm, grangers weak, Burlington down over 1 point. Railroad bonds weak. total sales $2,807,000 with various gains across many issues.
MENTIONED IN THIS ARTICLE
London
Juage
Iowa
Chicago, Burlington & Quincy Railroad
Lowa
Chicago Bears
New York
Atchison
Evans
Russell Sage
Chicago, Burlington & Quincey
Chicago, Burlington & Northern
Chicago
Chicago, Burlington & Quincy
Iowa Commissioners’ Tariff
The
Chicago Herald
Brewer
Minnesota
Nebraska
Kansas
Missouri
Western
Northwestern
Union Pacific
Pullman’s Palace
Cleveland & Canton
Flint & Pere Marquette
Cincinnati
Sandusky & Cleveland
Summit
Oregon
Atlantic & Pacific
Chicago & West Michigan
Kansas City
Fort Scott
Memphis
Clinton
Springfield
Detroit
Lansing & Northern
Chicago & Eastern Illinois
Chicago & Indiana Coal Railway
New York Stock Exchange
Mexican Central
Chicago, Kansas & Western
Consolidated Vermont
Wisconsin Central
New York & New England
California
New England
Boston & Albany
Old Colony
Massachusetts Central
Boston & Lowell
Bell Telephone
Frenchman's Bay
Sorrento
Hopper
Philadelphia
Sullivan Harker
West End
Campobello
Cutler
Boothbay
Boothbay Land Company
State of
Maine
Prime Mercantile
Sterling Exchange
Rock Island
Atchison, St. Paul
Canada Southern
Burlington
Pullman
Vanderbilts
Chesapeake & Ohio
Santa Fe
Iowa Central
Pensacola & Atlantic
San Francisco
Iron Mountain
South Carolina
Toledo
Ann Arbor
North Michigan
St. Louis
Green Bay
Ohio
Indiana & Western
Louisville
New Albany
New York Stock Sales Report for February 4
Today's market activity lists 256 622 shares traded across listed issues. The report enumerates shares sold by each issuer and notes total volume for the session.
MENTIONED IN THIS ARTICLE
New York
Financial market summary from London and Berlin
United States bonds traded at 130 per cent for 4s and 111 for 442s with several issues quoted. Money rates show 2 2 3 per cent for bills. Paris quotes 3 per cent rentes. Bank of England bullion balance at £21 000. Berlin imperial bank reports 9.42 million marks rise in specie.
MENTIONED IN THIS ARTICLE
London
United States
Atlantic & Great Western
Erie
Illinois Central
St. Paul
Pennsylvania
Paris
Bank of England
Berlin
Imperial Bank of Germany
Providence & Worcester stockholders vote to amend board size
At the forty fourth annual Providence and Worcester stockholders meeting in Providence the board size would be reduced to five to seven from fifteen by amendment approved 2449 to 50 with 11 blanks. The old board was reelected. Earnings showed total income of 1 897 601 15 against 994 980 93 expenses. net earnings to Sept 30 stood at 402 620 22. President Strong of the Atchison spoke of a recovering economy and stockholders’ support. A Chicago despatch notes opposition among other presidents to the proposed agreement and lack of signatures from several lines.
MENTIONED IN THIS ARTICLE
Providence & Worcester Railroad
Providence
Moses B. I. Goddard
General Assembly
Market Roundup Shows Mixed Steady Conditions Across Commodities
The market reports mixed yet steady activity with oats and rye flat, cornmeal and poultry firm, oranges in good demand, lemons steady, butter and cheese stable, and a broad slate of farm and food staples showing little change. Prices for potatoes remain plentiful while various meat and sugar categories move slowly with dull or unchanged trends.
Print Cloth Market Falls River Report
Print cloth market firm at 41 16c for 64xX64s. Sales for April delivery made at 4c.
MENTIONED IN THIS ARTICLE
Fall River
Wool Sales At London Reach Strong Prices Across Regions
London wool sales show solid attendance and steady demand. Cape scoured inventories sold well with prices near the top of the prior series, while Natal greasies moved slowly as sellers met buyers. Total bales offered reached 13 455 with 7 000 withdrawn by Saturday and 176 50 bales available.
MENTIONED IN THIS ARTICLE
London
Natal
Victoria
New South Wales
Queensland
South Australia
Swan River
Tasmania
New Zealand
Cave of Good Hope
Grain Market Report from Chicago and New York
The Chicago session shows wheat firm with limited selling and a rise to 99%4c for May before a brief dip. sentiment ends bullish as prices near close. Corn receipts rise with May quotes around 365%~36%4c and oats trading in the 25%–28% range. New York and St Louis futures close with similar firm tones across wheat corn and oats.
MENTIONED IN THIS ARTICLE
Chicago
Farnum, Reardon & Co
Williams & Co
BTA
New York
St Louis
The Metal Market Slumps as Prices Dip Across Regions
The iron market shows dull demand with no new prices from Thomas Iron Company. Southern iron floods New York and Philadelphia while contracts remain scarce. 1888 pig iron output in the South rises to 1,132,858 tons, up 203,000 from 1887, and the rest of the country falls slightly. Steel rails tumble from 28 to 26 in Pennsylvania as railmakers gird for West Coast construction and a looming miners strike in western coke districts. Other metals hold steady or quiet with mixed activity in copper, tin, zinc, and lead amid London quotes and regional shipping rates.
MENTIONED IN THIS ARTICLE
Thomas Iron Company
New York
Philadelphia
Pennsylvania
Philadelphia Ledger
Pittsburg
London
Eglinton
Summerlee
Gartsherrie
Langloan
Jollness
Norway
Also Mentioned on This Page
Mercantile
Sight
Telegraph
New Orleans
Commercial
Bank
Charleston
Savannah
Cannon
Secretary of the ‘Treasury
Fraves
Reichsmarks
Reess
Boothbay Harbor
Sheeps Ot Bay
Linekin’s Bay
Damariscotta River
John’s Bay
Spruce Point
Joseph Curtis
Charles E. C. Breck
Stock Exchange
Crest Avenue
Bay Path
San Diego
West Chester Park
Caledonia
Astor and
Parker Streets
Boston Water Power Company
West Side
Astor Street
North Side
Caledonia Street
South Side
Parker Street
East Side
Tamarack
Boston & Montana
Kearsarge
Osceola
Huron
Franklin
Atlantic
Atlantic Mining Company
National
Ontonagon Herald
Lawton
Quincey
DER
Peabody & AU
Bankers
Devonshire Street
Nassau Street
NEW England Mortgage Security CO
Mason Building
Kilby Street
Mexican Central Railway Company, Limited
Georlec, Brooks
Congress Street
Kidder, Peabody
State ST
Boston Stock Exchange
Miscellaneous Stock Exchange
Kan
Atlas Natl
Mauss. Natl
Suffolk Natl
Revere Bank
Lowell Mfz. Co
American Fire and Marine Ins. Co
Kansas City, Clinton & Springfeld RR
Luboe
Houghton & Ontonagon RR
Torcka & So
Western RX
Connecticut River RR
Do Northern RR. Co
Do America Fire and Marine Ins. Co
Gtralls Mfg. Co
Do Merchandise Natl. Bank
Do Traders
Hattiton Woollen Co
Apleton Co
Do Hall Mfg. Co
Ado Everett Mills
Amory Mfg. Co
Norway Plains Mfg. Co
Saco Water Power and Machine Co
Thorndike Mfg
Do .Mory Mfg. Co
Det., Lansing & No. RR. Co
ABC
Simonds Rolling Machine Co
Farmers’ Loan and Trust Co
Witchourg KR
Sugar Refineries Co
Shaw Stocking
Lowell
Do. Gt
Falla Mig, Co
Bank of Commerce
Weaser Bank
Natl Bank
Cleveland & Canton RR. Com
Amory Mfg, Co
Lawrence
Wilson W. Fay & Co
State Street
Buo Catalpa
Elec
Don Enrique
Gray’s Dynamo Iec
Brunswick
Fitchburg
Flint & P. M
Ener
K.C
Gulf
Col Trust
Little Rock & Fts
Maiin Central
Ever
Uae
Ny&n
Csse
Rutland
Peenee
Sonora
Bou Kan Inc
Ary Bell
Boston War Power
Frenchman’s Bay
Penobscot Bay of
Tropica
Sullivan Harbor
Copper
Seeeer
Quincy
T&s
At & Pac
Bost & Alb
Frase
Bost & Low
E Cess
Ee UC
Hen
Tee
Gcb&oq
Cin, San & Stew
Flint & Pere Mar
Ny&ne Enee
Palin
Pal Gar
Summit Branch
Css
Bur & Nor
Ceesasess
M & Bbb
E* So Kan Inc
Lamsons S. Cos Ewe
Aspinwall
Campotello
Cutter Land
Veewere
Vo Lamoine
Boots of
Topeka
I West End
Winthrop
Ind
Famarack
Best & Alb
Hiost & Lowell v. Ih
B&n
Be&e Q
Chi
West Midh
Cin
San & Cleve
Long Island
Mining Companials
Bonanza
Caceola Seer
Eangeeneene
Eaee
Mages. Es
Seeeertes
Aspinwall Eeeae
Eeee
Ever Eee Ray
Ayte
Sly Boylston Street
Brookline
Eeeeenee Bis
Aee
East Boslon
Sess Eee
French Bay
Eee
TV Be
Maverick
E.ew
Ener Oy
Newport
Oly
Lamome Ree Eee
Seeree
Payson
Seeee
At. & Pac
Lue S
Lue S., 6 105 Do Ing, 926. . Sere Ee BL Cc. B. &Q
D. Dal
Fie
Elk H
K. C
Liz K. C
C. Ts
Op. M. Gs
St. L. Lin
N.Y
Nor
Oregon S. L
Tl. C. Con. Gs
Southern
Wis
Lust
Ees
Atlantic Pagilo. cc
Kosten & Albany
Anee Eee
Boston & Ee
Boston & Maine
Cleve
Anton
Saeed
Ste
Ing. Alt
T.H
al & Pacific
Ches
Alton
Ever C
St. L
Clev. & Col
del. & H
del. & L
East Venti
Sy Erie
Hocking Valeen
Houston & Texas Seree
Central
Tex
Kings
Pem
Lake Shore
Louis. & Nash
Louis
N. As
Sreee
Mt & St
Pacific
M. & Essex
Nash. & Chatseeeee
J. Cent
Nor, Pacific
Glia Northwest
N. Y. Cent
N. Y
Ohio & Va
West
LA Rich
Apt
Rea
Rome
St M
Texas Pacific
Tol, & D. C. Pref
U, Pacific
Eevee Se
SOD & P
Vice
TOU
Oregon Inn
Pacific Mail
Pullman Pal
Union
Aulity Lily
Con
O.& Trans
Ib. G
D& Kh. Ge W
Dod
P. Ar Union Gs
WesTex
R.G
N.P
Oreee
Dodds Wes
U. Pac
W. Shore
Os Cols
Con. C
Tenn. C
el Cristo
Union Con
Hock
U. Copver
NEW York Financial
Alta
Eat ‘& Welcher
Jophir
Goudie
Potosi
Savage
Cal
Sierra Nevada
Cone
Crown Point
Gomd & Corv
Utah
Finle & Norcross
Commonwealth
Nevada Queen
North Beile Isle
Foreign Financial Markets
Railroad Matters
Strong
Atchison Company
Perkins
Burlington Road
Ilinois