The Money Market in Boston February Fourth
The Money Market shows a soft week end with modest demand. Call loans run 4 to 5 percent and time loans 4 1/2 to 6 percent, with commercial paper mostly at 5 percent. New York funds discount varied from 10 to 17 cents per $1000, and weekly clearings reached $87,259,990 with balances of $9,372. The report notes a reserve increase and a generally steady treasury position, alongside mixed bank statements and foreign exchange quotes.
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Boston
J. N. Fisk
New York
New York Clearing House
United States
National Bank
Sterling Exchange
Reichsmarks
Chicago
St. Louis
San Francisco
Telegraph
New Orleans
Savannah
Charleston
Treasury
New York City
Boston Post
Oston
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Pau
Maha
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Enver
Indianapolis
J. Joseph
Atford
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Pringfield
Ortland
Yiacuse
Rand Rapids
Aluth
Foss Vip
N.Y
Charles Merriam
Chicago, Burlington & Quincy
Sandusky
Atlantic & Pacific
Mexican Central
Tue
Guadalajara
Fitchburg
the Journal
Augustus Kountze
Vanderbilt
Commodore Vanderbilt
Troy
Kountze
Continental Construction Company
New York & New England
Northern
Sonora
Chicago, Burlington & Northern
Chicago, Kansas & Western
Birmingham
West End
Frenchman’s Bay
Wollaston
Berkeley
The
Gazette
Frenchman's Bay
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Frank Jones
New Hampshire
San Diego
Bell Telephone
Erie
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Kersarge
Allouez
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Difference
York
Phil’p’s
O'Vas
L. Milw’ke
Ao St. Paul
Omaha
Milne’s
Detroit
Clevel
D ‘la
Denver
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Peoria
Hartf
N.haven
Galves
Norfolk
Port
Lowell
Philadelphia
Ft. Louis
Cincinnati
S. Francisco
Orleans
Pittsburg
Kan
City
Louisville
Providence
Milwaukee
Dai St. Aul
Omahi
Minneapolis
Clevelim i
Memphis
St. Joseph
Hartford
Worcester
Springfield
Portland
Lowell Sewer
Syracuse
I. Ga. R Pila
Ree Duluch
Topeka
Coe
The Metal Market Sees Little Change Amid Readings Strike
Market reports show no new developments in iron and steel amid the Reading strike and stable Lehigh conditions. Copper export activity soft, London tin steady, and various steel and pig iron prices quoted across regions with modest gains in pig tin and steady plate and nails demand.
MENTIONED IN THIS ARTICLE
Reading
Lehigh
Eastern
London
Financial markets mixed with declines across major exchanges
London reports flat prices with a general 4 to 1 percent decline and no demand on the stock exchange. Paris and Berlin show weakness while investors remain cautious after the Austro German treaty news. Copper and bank shares move variably as authorities monitor political risk.
MENTIONED IN THIS ARTICLE
London
United States
Atlantic & Great Western
Canadian Pacific
Erie
Illinois Central
St. Paul
New York
Berlin
Frankfort
Paris
Stock Exchange
Austria
Germany
Rio
Bank of France
New York Financial Roundup Opens Weak as Market Dims
Money on call easy at 2 to 2 1/4 percent with last loan at 2 and closing at 2 percent. Prime mercantile paper at 5.7 percent. bar silver 96. Sterling exchange dull. Actual business 4.8814 for sixty day bills, 4.8544 for demand. posted 4.841 and 4.86. Government bonds dull, railroad bonds quiet but firm. Stock market opened weak with continued declines to noon. bank statement viewed unfavorable. closing prices 4.4 to 14 percent lower. Railroad bonds active though irregular. weekly bond sales 7,488,000 versus 10,367,000 prior.
MENTIONED IN THIS ARTICLE
New York
Prime Mercantile
Sterling Exchange
St. Paul
Sioux City
Delaware & Hudson
Pennsylvania
Indiana, Bloomington & Western
New York Central
Richmond & West Point Trusts
Cairo
Arkansas & Texas
Houston & Texas Eneral
Lake Erie & Western
Kansas & Texas
Texas Pacific
Toledo, Ann Arbor & Grand Trunk
New York Stock Sales Feb 4 Share Totals
New York stock sales on February 4 totaled 91 683 shares traded. The report lists shares sold and opening figures with details on brokers and prices for the day.
MENTIONED IN THIS ARTICLE
New York
Grade Crossings and a Plan to Discontinue a Dangerous Junction
A Boston letter urges the Legislature to block a Providence and Old Colony railroad merger unless the grade crossing near Dartmouth Street is abolished. The writer proposes moving Providence traffic to the Albany route and sharing stations to remove the dangerous crossing, arguing the change aids the public without harm to any party. Boston, February 4, 1888. F. A. B.
MENTIONED IN THIS ARTICLE
Providence
Old Colony
Albany
Dartmouth Street
Boston
Old Providence
Albany Road
Kneeland Street
Old Albany
Commercial Matters and Market Steadies Across Commodities
The market report shows steels and metals steady or quiet with minor shifts. Agricultural items such as corn, oats, and rye show firmness or ease, while fruits and meats like Florida oranges, pork, and lambs display varied demand and steady prices.
Rio Coffee Market Struggles With Surplus And Slump
Rio market observers report a late year period of complaints from planters exporters and brokers over depressions in prices and reduced demand. Crop estimates for 1888-89 range from 4.6 to 6.0 million bags for Rio and 2.75 to 3.6 million for Santos with some estimates up to 6 million and 3 million respectively. Large supplies point to lower prices in consuming markets while drought rumors persist from interior sources and immigration in Sao Paulo rises alongside emancipation measures.
MENTIONED IN THIS ARTICLE
Rio
Santos
S. Paulo
Chicago Market Review By Farnum Reardon Co
Wheat opened fairly strong on lower consol and war rumors with buyers Jones McCormick Kennet and J T Lester Co and heavy seller Hutchinson. Provisions show Hutchinson as sole prominent trader selling 1,000,000 short ribs and 5000 tierces lard while corn is dull and receipts modest. Official hog receipts 22,294. week totals 162,140 with 39 shipments.
MENTIONED IN THIS ARTICLE
Farnum, Reardon & Co
Jones, McCormick & Kennet
J. T. Lester & Co
Hutchinson
New York
Huutchinson
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Newark
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Qovese
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Springfield & Memphis Railroad Company
BroCk Ab
Pat
1St Mortgage Equipment Company
Tamarack Mining Company
Sey
Tamarack,” Jr
Tamarack, Sr
Tamarack
Roscomne Bens
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Perkins
H. G. Stevens
Messrs. Mason & Smith
Talbot
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State of
Michigan
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Wei
Cocheco
Dwight
Jackson
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Renee
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Weeseen
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Pepperill Mfg .Co
Eneneeseees
Liozyq
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K.C
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Ciu
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Summit
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Eng
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Lamson Store Ser. Co
Pullman Palace
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Atlantic
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Rainieay Las
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Boston Gaslight
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American Loan and Trust Cos
Consol
Bridgeport
Ereeeereee Va
Ins. Co
McKay & Bib
Velow Heel
Reece Button Hole Machine Co
Winnisimmett Co
Burl, & Q. Con
Isaacs
Massachusetts
de Henshaw & CO
Boston Nat. Bank
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Veve
Ban
Bank of the Republic
Seeese
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Crescent
Napa
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Honorine
Bruns
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Alon
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Tree
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Teens Pacific
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