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Newspaper

Boston Post

Location

Boston, Massachusetts, United States of America

Date

Feb 07, 1889

Page

6

Money Market and Stock Movements Across Boston and New York

The report outlines very easy money market conditions with most loans at 1 percent at the clearing house, 4 to 5 percent in general markets, and higher call loans. It covers exchange activity, government securities, rail and streetcar stocks, dividend declarations, and notable price moves including Atchison, Chicago Burlington, New York related securities, and speculative bets amidst a volatile trading day. It notes earnings trends for railroads, dividends for Kansas City line, and discussions of potential consolidations and stock movements among New York and New England interests.

Boston New York Massachusetts Maverick National Bank Newton Potter, Lowell & Co Chicago St. Louis San Francisco Sight Telegraph New Orleans Commercial Bank Charleston Savannah Secretary of the Treasury Burlington Niy Atchison The Stock Exchange Shorts Chicago, Burlington & Quincy Chicago, Burlington & Northern Iowa Railroad Commissioners Denver & Rio Grande Western Kansas City, Fort Scott & Memphis Railroad Atlantic & Pacific California Southern Cleveland & Canton Union _Pacific Oregon Summit Branch Flint & Pete Marquette Cincinnati, Sandusky & Cleveland Chicago & West Michigan Oregon Navigation Oregon Aeontinental Wisconsin Central Securities Boston & Albany New York & New England New Haven & Dartford New York New England New Haven Hartford New England New Consolidated Company New York & New England Securities Fitchburg Preferred Fitchburg Phillips Old Colony West End Railway Boston & Lowell Mexican Central Chicago, Kansas & Western Chicago Burlington & Northern Consolidated Vermont Lee & Lake Champlain Brunswick Stock Brunswick Boston Stock Exchange Frenchman’s Bay Gand West End San Diego Topeka Sullivan Tamarack Montana Atlantic Franklin Santa Fe Sullivan Con

Dividends Declared by Fall River Firms and Rail Line

The American Linen Mills Company announced a quarterly dividend of $25 per share. The Troy Cotton and Woollen Manufactory followed with $30 per share. The Richard Borden Mills Company paid 2 percent. The Massachusetts Loan and Trust Company issued 3 percent. Kansas City Fort Scott Memphis Railroad offered 4 percent on preferred and 14 percent on common stock. Books closed Feb 9 to 14 inclusive.

American Linen Mills Company Fall River Troy Cotton and Woollen Manufactory Richard Borden Mills Company Massachusetts Loan and Trust Company Kansas City, Fort Scott & Memphis Railroad Company Andover Nat. Oe Lawrence Gas Light Co Appleton Co Arlington Mills Evans Artificial Leather Co Agawam Nat. Bk Springfield Mass Nat. Hank Citizens’ Bank of Wichita Kan Conn. River RR de Maine Central RR Naumkeag St. Ry. Co Salem McKay & Bigelow H. M. Asso Davidson Investment Co Merchants and Miners’ Trans. Co Mass, Tide Ins. Co Soulston Mutual Ins. Co Farmers’ Loan ‘Trust Co. of Kansas Showalter Mom Co Eastern Rit East Bost. Ferry Co Dorchester Atheneum Waele Algo Natl. Bank Boston Water Power Co Bell Tel. Co Consol Pivot Vt City of Decatur M. L

Financial Market Summary New York Feb 6 1900s

Money on call easy 2 3 percent with last loan at 2. Prime mercantile paper 4 6. Bar silver 92 percent. Sterling weak with 60 day bills at 4.86 and demand 4.88. Government bonds dull but firm. railroad bonds active. Day sees broad stock gains with Atchison and Milwaukee, Lake Shore & Western leading, prices rising to near day highs. Bond activity heavy, total trades $3.514 million. several firsts and incomes move on strong demand.

New York Prime Mercantile Sterling Exchange Atchison New England Oregon Transcontinental Pacific Mail Milwaukee Lake Shore & Western Cleveland Columbus Cincinnati Indianapolis Grangers Burlington & Quincy Rock Island Chicago Gas Trusts Alton & Terre Haute Richmond & West Point Reading New York & Pennsylvania St. Paul & Southinnesota Chicago & East Illinois Rensselaer & Saratoga Mackinac & Marquette

London Financial News on Bond Yields and Rates

London reports Consols at 9815 16 for money and 991 16 for the account. U S 4s 131, 4s 11144. Atlantic and Great Western firsts 354. Erie sec onds 105%. Illinois Central 117%. Mexican ordinary 43. St Paul common 66%. New York Central 112%. Pennsylvania 56%. Mexican Central firsts 734. Spanish 4s 75%4. Open market discount 2% 2% percent. Paris 3 per cent rentes at 83 francs 72% centimes for the account. Bank of England bullion balance today £10,000.

Boston Stock Exchange Santa Fe Tamarack Eeeererree Bost & Aeee Ee Bost & Lowe Ee Cin, San & Cleve Flint Wis Con Erceeveees Boston Bales Allonez Arnold Atlantic LA Bonanza Devel't Eeeres B. & Mont Seeeaee Butte & Boston Cal. & Hecla Catalpa Crescent Aware Lhc Central Ridge Eesees Aspinwall el Boothbay Boylaton Street Brookline Seer Bay Eserese Maverick Newport Payson San Diego Topera West End Sa Winthrop Wollaston Esrce Atchison At. & Pac Egee Oicenses Kan. & W C.& W. Mich Con D.D Fie Elk H K. C Ft. 5 Oy & Nit Do P. D.O Oregon Rutland Kan Do Inc Sonora St. Jo & G Sane Atch To &S.k Y Atlantic Pacific Eee Boston & Altenene Ooo Boston & Lowell Hoston & Maine Boston & Providence Central of Mass Be & Neves Cleve LSCM Hd Caure Ba Giamee K. c. Ft Rt. S St. Was Maine Central Summit Branch Union Pacific Wisconsin Erie Eastman Lamson Store Ser. Co Pullman Palace Car Co Stock Exchange Wilson War Bep Burton Stock Car State Nteest Thomson: Steuston, Eleg Bonanza Beacon Electric Co Sun Electric Co Gray’s Dynamo Elec Lord Acoustic Tel Eureka London United States Atlantic & Great Western Illinois Paris Bank of England

Fire Record: Multiple Alarms Across New England

Several fires reported February 6 across multiple towns. In Bath North Sawmill burned with lumber losses around 30000 dollars insured. Lynn saw minor blaze at Mrs Mary Ward home, no major damage. Malden unoccupied house fire caused minor loss and uninsured. Maraporo laundry and store incinerated with incendiary probe. Oxford Junction Carter Moore block fire caused about 30000 dollars loss.

Kelley CrpAar Rapids Carter & Moore Oxford Junction

Fire damages Cambridge Street building. causes minimal damage

At 12 10 this morning a fire in a wooden building at 93 Cambridge street owned by the Thorndike heirs and occupied by D H Cohen as a clothes cleaning establishment caused $100 damage. An alarm came from Box 24. An earlier 4 34 pm alarm from Box 718 was needless. A rubbish fire at 189 High street at 7 20 last evening triggered Box 47 with no damage.

Cambridge Street Thorndike Heirs D. H. Cohen High Street

Army and Navy Gazette announces multiple duty and leave actions

On February 6, Army orders place Major George M. Sternberg on temporary duty in Cuba to study epidemics and report to the President after returning. Captain James G. MacAdams is sent home due to incapacity for active duty. Dr Jedediah H. Baxter is assigned to temporary duty in New York. Post Chaplain Thomas W. Barry and Captain Louis A. La Guarde receive three months of leave. Lt Col James M. Moore gets ten days extra, Captain William P. Hail one month, 2nd Lt John L. Barbour two months, and Major George W. McKee one month of further sick leave.

Washineron Srverau J—Army George M. Sternberg Island of Cuba James G. MacAdams Second Cavalry Jedediah H. Baxter New York Thomas W. Barry Louis A. la Guarde James M. Moore William P. Hail Fifth Cavalry John L. Barbour Seventh Infantry George W. McKee Ordnance Department

Paying Teller Missing in Columbus Bank Heist Suspicion Grows

Columbus Ga Feb 6 W W Bussey paying teller of the Eagle and Phoenix Savings Bank and the Eagle and Phenix Manufacturing Company disappeared yesterday leaving a note for his brother saying he was in deep trouble. Cash accounts show a shortage of 2300.

Columbus W. W. Bussey Eagle and Phoenix Savings Bank Eagle and Phenix Manufacturing Company

Major Sewer Pipe Firms Form U S Combination

Nineteen of the largest sewer pipe manufacturers in the United States form a combination at Wellsville Ohio after weeks of effort. Nine factories remain out but aim to be included soon. Headquarters to be in Cleveland or Pittsburgh with plans for a formal organization.

Prrrspurg Penn United States Wellsville Vut Cleveland Pittsburg

North River Sugar Refining Co Appeals to General Term

The North River Sugar Refining Company has appealed to the general term of the Supreme Court from Judge Barrett's dissolution of the corporation's right to join the Sugar Trust.

North River Company New York The North River Sugar Refining Company Supreme Court Barrett Sugar Trust

Goff Leads With 42 Votes In West Virginia Senate Ballot

In Charleston on February 6 there was a single ballot for United States Senator. Goff received 42 votes, Kenna 40, Hereford 4, Hill 3. Voters Van Pelt Merrill Dorry and Shannon, all Democrats, opposed Kenna. A 45 vote majority was needed to choose.

Goff Charleston W. Va United States Kenna Hereford Hill Messrs. van Pelt Merrill, Dorry and Shannon

Patrolman Coyle Discharged Over False Report

Patrolman Charles H. Coyle of Station 14 was discharged from the police force yesterday for making a false report to his superior officer.

Charles H. Coyle

Commodity Market Roundup Shows Mixed Farm Goods Tone

Flour blends show firmness while corn slips to barely steady. Oats rise while rye dulls amid steady potato and meat scenes. Butter holds, eggs weaken, oranges brisk, pork active, refined sugars dull.

Cloth market steady on quiet Fall River session

In Fall River on February 6 the print cloth market remained quiet and steady with quotations firm at 41 16 cents for 64 spots.

Fall River

Iron and copper market updates from Baltimore and London

Sales report shows 12 000 tons of steel rails at 2 75 and 5 000 to 6 000 tons at about 26 in Eastern mills. Thomas Iron Co. sold about 30 000 tons gray forge iron at 15 25 delivered to tide water, with 5 000 tons reported sold at 15. Copper and tin show firm to nominal rates in London with spot and futures quotes.

Baltimore Eastern Thomas Iron Company London

Wool sales in London show strong foreign demand and large offerings

Today's London wool sales drew bids from abroad with notable rise in foreign purchases. A total of 12 926 bales were offered across regions including Victoria New South Wales Queensland South Australia Swan River Tasmania New Zealand Cane of Good Hope and Natal Montevideo and Spain with varied prices for scoured greasy and locks and pieces.

London Victoria New South Wales Queensand South Australian Swan River Tasmania New _ Zealand Cane of Good Hope Natal Montevideo

City Horse Market Shows Fair Trade Amid Mixed Demand

Trade remains fair with pockets of activity across city stables. Walker's Bazaar reports 65 head sold at 350 to 40 dollars, Moses Colman & Son note steady demand with 50 to 175 dollars, while Isburgh & Co sold 50 head. Prices vary by quality from 40 to 250 dollars. western stock and milk wagon horses appear in moderate supply.

Walker’s Bazaar Moses Colman & Son Isburgh & Co Russell J F Drew Pennsylvania LH Brockway Kansas City Welch & Hall International Horse Exchange West Canada C H & E 5Now

Grain Markets in Chicago Show Mixed Wheat and Corn Trends

In Chicago from Farnum, Reardon & Co, trading was subdued with shorts covering lightly and demand easing. Wheat prices edged higher but activity was muted. corn faced liberal receipts and a downward tilt with selling pressure from major receivers. New York futures show mixed cash and futures levels for wheat corn and oats, reflecting cautious market stance.

C . Williams & Co

Boston Markets Flour and Grain Prices and Receipts

Boston markets report domestic flour prices firm with rising miller bids as demand grows from short stocks. Carload receipts include 41 cars across corn and oats, with mixed and rejected lots noted. spot prices show flour ranges from 2.60 to 5.50 per barrel for various grades and mills households.

Grain Market Receipts and Prices Across Cities

New York receipts total 46 200 bushels with exports 4795 and sales 188 000 as No 2 at 44 44 1/2c. Chicago reports 290 000 bushels with No 2 at 34 1/2c. Minneapolis notes February No 1 hard 115 cents, others 92 96c. oats firmness shown with No 2 whites around 35 44c. Wheat futures mixed. rye dull, buckwheat firmer. corn markets steady to weak with steamer yellow prices 46 47c on track. Local notes include buttered market drift and exports of 10 969 packages. Minnesota and southern grain steady to firm. flour markets dull in Milwaukee.

Canada Superior Canada Roller Pangea New York City Minnesota Milwaukee St Louis Chicago Toledo Detroit Peoria Minneapolis Northern Duluth Canada Michigan Bush

Butter and Cheese Markets Show Upward Pressure and Steady Stocks

Receipts of choice creamery butter rise slowly while stocks sell steadily, signaling firmer prices. Quotations span regional creameries with wholesale receivers paying 26 to 28 cents for common grades, 27 to 29 cents in Chicago, and dairy prices in New York and Baltimore holding firm. Cheese demand remains quiet at steady levels, eggs show steady markets with varied regional quotes, and beans see improved demand with small receipts and firm prices.

Choice Creamery Choice Vermont Chicago Elgin New York Eastern Creamery Western Eastern Baltimore North Choice West Liverpool New Hampshire Michigan Canada York State

Also Mentioned on This Page

George C. Brooks Congress Street Kidder, Peabody & Co State ST NEW England Mortgage Security CO Mason Building Kilby Street Pacific Mills Hampshire County National Bank Northampton Oakland Garden Association Eliot National Bank Cant & St. Joe KR Consol. Mort. Os Globe Nail Co Hannibal & St. Joe RR Everett Mills Saco Water Power and Machine Shop Amory Mfg Farmers’ Loan and Trust Co Oriental Coffee House Dakota Loan and Trust Co Do Amory Mfg. Co Do Chelsea Gas Light Co Do Sugar Refineries Co Keene N. H Chicago, Burl. & Northern RR Fitchburg RR Sugar Refineries Co Admi State Natl Webster Bank City Bank Atlas Old Boston Union Bank Exchange Bank Blackstone Eastern RR Boston & Maine RR Quincy Jackson, Lansing & Saginaw No. Pacific RR L. G Atchison, Topeka & Santa Fe Tex. P. L. G Ighest Lowest & Pine Bur & Nor San & Cleve Col Spr & Cin Fts &M Louis Ev & St L S& L Sss Csee Bell Tel Laimson Penobscot Bay Sullivan Harbor Winthrop Flint & I NY &N Ny&n Summit T&sf Col Trust At & Pac Inc B&n Weaee So Kan Inc Ain Bell Tel Ccceeees Lamson Cutler Land Globe Bank Eseeeesvseevesseseses Allea Bank Suffolk Bank Seeee Oe Revere Bank Massachusetts ‘Bank Lowell Eitild Cosccccseserencers Tor Ccecsacecces Coos Lancaster Mills Amory Douglas Axe Mant Lowell Hosiery Co Bu Bo Conn Passumpsie KR Nashaa & Rochester RR Connecticut River Lowell Horse RR Eeererae Vermont & Massachusetts RR Nanmkeag Street Railway Co Saco & Portsmouth Manchester & Lawrence Northern RR American Insurance Covercvense Tereee McKay Metal Fast National Tube Works Seeer Boylston Mutual Ima. Co Eserseereeee Retoeties Co, Eeesseconeensnge Chelsea. Gas Co Cesseeteeeeveet Suffolk Cordage Co New Hampshire Trust Co Morse Twist Drill Machine Co Maine Providence W. L Sobress Bangor N.E. Mort Ft. Scott & Gulf Lombard Invest. Co Fichburg Massawippi Val. K Lin A & Pacific B. & Air L. Pref Central Pacific Ches Ohio Chia Alton Enie Fort Wayne Houston Texas Hocking Val Tex L. E Lake Shore Long Island Louis, & Nash N. A Sewer Ewer St. L M. & Hook LATA Ing. Nn & Chat Pacific Sree Os C N. Py Ohio & Miss Pays Oregon Trans Rome St. Paul St. Ps Seat Aseae Texas’ Pacific Diva O. C. Pref N.W Navy R.G Pale A. Erie Ae Kan. P N.J Tex. Y. K N. P U. Pac N. W W. Shore Amador Belcher Oe iv Belle Isle Ontario Iene B. H Con. C el Cristo Silver King Exchequer Hock Tenn. C Homestake United Con Tron Hill Yellow Jacket Wee Oregon Sm Pullman Pal Union American Oil NEW York Financial California É& Belcher Boy,voloss Savage Sewer Sierra Nevada Cal Crown Point Utah Gould & Curry Commonwealth Bi, Hale & Norcross Nevada Queen North Belle Isle Soreee Foreign Financial Markets Lynn Bath Army and Navy Gazette City Horse Market Farnum, Reardon & Co Tana Esse Loossz Frais Ogi Boston Markets
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