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Newspaper

Boston Post

Location

Boston, Massachusetts, United States of America

Date

Feb 05, 1889

Page

6

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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
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