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This newspaper page contains 21 articles. Subscribers can read the full text of each article.

Newspaper

Boston Post

Location

Boston, Massachusetts, United States of America

Date

Feb 08, 1889

Page

6

Money Market Notes and Stock Market Roundup

Boston money market shows little change with balances at 1 percent and time loans from 3 1/2 to 5 percent. New York exchanges reach over 123 million with strong bond and stock activity. Bell Telephone advances further amid plans to raise capital. Sullivan Harbor growth noted with upcoming photo-etching publication. extensive auction listings and bond sales announced for February 9 1889.

Union Pacific Plans Foreclosure Led Reorganization Of Denver Road

The Denver, South Park & Pacific mortgage holders near agreement with Union Pacific to foreclose old mortgages and form a new company. The new issue will carry 4% bonds at 11,100 per mile for 326 miles, with Union Pacific owning all stock and exchanging bonds at par. Additional notes cover collateral trust bonds and cash coupons. Industry notes: Somerville Bleachery suit against Fitchburg Railroad. Central and Mexican railways consolidation rumors. New York Central and Chicago North Western 1888–89 financials.

Frenchman’s Bay Boston Elas Water Power Company Sullivan Harbor Sullivan House of Estes & Lauriat West End Aspinwall Brookline San Diego Cutler Franklin Vivian Franklin Mining Company Calumet & Hecla Boston & Montana National Quincy Santa Fe Mie Financial Review William B. Dana & Co Commercial and Financial Chronicle Martin Chronicle State Street F. W. Prescott Prescott Vanderbilts Western Union Lackawanna Northern Pacific Oregon Transcontinental Union Pacific Denver, South Park & Pacific Railroad Union Pacific Railroad

Dividends Declared by Railroads This Quarter

The Marquette Houghton Ontonagon railroad declares a 3 percent dividend on its preferred stock payable soon. The Chicago Alton railroad declares a quarterly dividend of 2 dollars per share on common stock payable March 1, 188.

Marquette, Houghton & Ontonagon Railroad Chicago & Alton Railroad

Massachusetts National Bank of Boston Opens

The Massachusetts National Bank of Boston announces W A Frenes as president and W Perkins as cashier in a concise bank notice.

The Massachusetts National Bank OF Boston W. A. Frenes W. Perkins

Merchants' Bank Building Relocation and Bond Orders

Readable notes indicate offices moved to the Merchants' Bank Building at No 28 State Street with stock and bond orders executed in Boston New York and Philadelphia.

Merchants’ Bank State St Boston New York Philadelphia

Wall Street Opens Higher as Pullman Leads Market Rally

New York reports easy money on call with rates around 1.34 to 1.3, prime mercantile paper 4 to 6, bar silver 92.4 cents. Stocks rise after noon, Pullman shares gain to 202 and later 203, bonds and other rails show mixed strength with overall late-day strength and higher closing values. Sales total 2,419,000 with notable gains in Reading seconds and L N A C consols.

New York Sterling Exchange Pullman Northern Pacific Atchison and Lake Erie & Western Louisville, New Albany Iron Mountain Krie Incomes

New York Stock Sales Report for February Seven

Today's transactions totaled 861,025 shares. The list shows shares sold with opening, highest, lowest, and closing prices for the day and the previous closing.

New York

California Mining Stocks Close in Mixed Balances

The official closing prices for mining stocks in San Francisco show varied results with notable values for Bodie, Best & Belcher, Ivory, Sierra Nevada, Chollar, Union Consolidated, Hale & Norcross, Yellow Jacket, Mexican, Ophir, and Nevada Queen among others. Prices range from around 0.75 to 5.15, reflecting modest activity in Bodie and surrounding operations.

San Francisco Alt&vve Sicicis Cscs Best & Belcher Savage Bodie Vcceses Sierra Nevada Union Calvas de Hale & Norcross Commonwealth

Foreign Financial Markets London Paris Feb 7

London stocks show mixed results with Consols at 991 16 for money and 99% for account. Atlantic and Great Western firsts at 35 1 2 percent. Erie at 30. Erie seconds 105 4 4. Mexican ordinary 43%. St Paul common 66%. New York Central 112 1 2. Pennsylvania 57. Reading 24. Bank of England bullion withdrawn 350000 pounds. reserve ratio 47.26 percent. Paris reports Bank of France discount 3 percent and gold up 4,326,000 francs while silver falls 1,226,000 francs.

Boston Clearing House New York Chicago St. Louis San Francisco Sight Telegraph New Orleans Bank Charleston Savannah Secretary of the Treasury Reichsmarks Bank of England Bank of France Atchison Dallas Chebourne Gulf Road Paris American Wool Reporter Sonora Chicago, Burlington & Quincy Chicago, Burlington & Northern Ripley Flint & Pere Union Pacific Oregon Short Line California Southern Kansas City Fort Scott Memphis Cleveland Canton Common Atlantic & Pacific Wisconsin Central Cincinnati Sandusky & Cleveland Chicago & West Michigan Pullman Palace Boston & Albany New England Eastern Boston & Lowell Old Colony Birmingham Atchison Trust Chicago, Kansas & Western Mexican Central Oregon Vermont Bell Telephone Bell Telephone Company Erie Telephone Frenchman’s Bay London Atlantic & Great Western Erie St. Paul New York Central Pennsylvania Reading

London Headlines Quiet in Wheat and Corn Markets

Foreign markets report mixed activity with wheat quiet and corn steady in London and Liverpool. Prices show slight drops in spot wheat at Liverpool while futures and various grain types reflect modest demand and general market quiet across Antwerp Paris and French country markets.

London Beerbohm Mark Lane English Liverpool California Antwerp Paris

Boot and Shoe Buyers in Town

Albany based buyers from J Fearey & Son and J H Laws & Co source footwear from multi city firms including Hi Blambago Co Akron Phelps Dodge Gore D Frank Joske Co and Weiss Weinberg. The list covers manufacturers and distributors in Illinois Pennsylvania Kentucky Ohio Maryland and beyond with representation from major shoe houses.

Albany W H Fearey J Fearey & Son Alleghany Penn D Simon U & Alleghany Fielding Craw R Hanna Hi Blambago & Co TaWe Akron E Phinney Phinney & Co Baltimore A Weinberg Weinberg Bros Butler C Huselton Cincinnati M Danm H Laws & Co Catlettsburg H Carpenter Canton Raw Lexington A G Lancaster Lancaster Mansfeld H Keiser Mt Vernon RS Hall Massillon D '’ Frank J D Frank & Co Murfreesboro Tenn J Frank J Frank & Co Omaha

Quincy and Boston Street Railway Elects Directors

The Quincy and Boston Street Railway Company elected directors for the ensuing year. Named are John Quincy Adams Josiah Quincy John A Duggan William G A Pattle Herbert T Whitman Arthur Burnham Thomas H McDonnell William A Hodges W A Boland. Directors empowered to acquire or lease the Quincy Street Railway Company property.

Quincy & Boston Street Railway Quincy & Boston Street Railway Company John Quincy Adams Josiah Quincy John A. Duggan William G. A. Pattee Herbert T. Whitman Arthur Burnham Thomas H. McDonnell William A. Hodges W. A. Boland Quincy Street Railway Company

Mechanics' Mills Names Officers At Annual Meeting

At the Feb 7 meeting in Faxa River stockholders elected Clerk James M. Morton and Treasurer Horatio N. Durfee. Directors included Thomas J. Borden J B French Southard H. Miller and others. Net earnings were 74 570 after depreciation with 43 750 in dividends and totals of 87 190 bills payable and 175 297 cash and debts due.

Mechanics’ Mills Faxa River James M. Morton Horatio N. Durfee Thomas J. Borden J. B. French Southard H. Miller Tillinghast Records John B. Hathaway Frank

Cotton Oil Trust Trial Persists As Real Estate Moves

In New Orleans on February 7, the Cotton Oil Trust trial is likely to continue for days. Rulings against the trust have followed by the transfer of several valuable real estate blocks to Union Oil Company in Providence RI, intended to facilitate an appeal to federal courts if the suit fails.

New Orleans Cotton Oil Trust Union Oil Company Providence RK. I

Zenana Mission Branch Report Shows Funds and Support

The Boston branch of the Woman's Union Missionary Society met at Clarendon Street Baptist Church with Dr Reifsnyder of Shanghai and Rev A J Gordon presenting on Zenana work. Treasurer Mrs Henry Johnson reported a total gift fund of 4606 with major gifts from Mrs William Appleton Trinity Church St Pauls Dorchester and Roxbury Auxiliary Emmanuel Church and others. The branch supports four missionaries and elected officers for 1889 including President Mrs William Appleton and Vice President Mrs Walter Baker.

Boston Woman’s Union Missionary Society Clarendon Street Baptist Church Reifsnyder Shanghai A. J. Gordon Zenana Henry Johnson William Appleton F. D. Richardson Trinity Church CG. V. R. Thayer St. Paul’s Church Dorchester and Roxbury Emmanuel Church J.D. Richardson I. E. Blake Bridgewater Zenana Band Edward Crosby Miss Wheelright

Boston University Sophomore Officers and Theological Speakers

The sophomore class elected officers: President G A Wilson, vice president Miss L J Newhall, secretary Miss H Rogers, treasurer W B Varnum. The school of theology speakers will be Charles R Brown of Iowa and William A Mansell of Morababad India with alternates L H Dorchester and L M Flocken.

G. A. Wilson L. J. Newhall H. Rogers W. B. Varnum School of Theology Charles R. Brown Iowa William A. Mansell Morababad India L. H. Dorchester L. M Flocken

A New Enterprise Opens Boston Clothing Store

Mr. E. O. Thompson of Philadelphia opens 344 Washington Street Boston store selling London made garments. He offers first class workmanship and styles equal to custom pieces at reasonable prices. Thompson notes success in Philadelphia and New York and is in London overseeing spring production.

E. O. Thompson Philadelphia Washington Street Boston London Thompson New York America

Commercial Matters Across Commodities Report

Commodity notes show mixed activity with firm oats and flour while corn and rye are quiet. Butter and cheese stay firm, pork is fairly active, and fruit demand fluctuates with oranges in fair demand and lemons steady.

Lake Superior iron output hits new high as price cuts spread

The Thomas Iron Company cuts No 3 iron to 15.25, while No 8 sells at 15. 1888 Lake Superior shipments reach 5,025,279 gross tons, led by Marquette Range 1,921,425 Gogebic 1,424,862 Menominee 1,161,039 Vermilion 511,953. Minnesota Iron Vermilion district 457,341 and Norse Gogebic 412,196. The Ishpeming mine posts 4,435,356 and Tahpedning Cleveland 3,889,150. Copper and tin markets in London quoted.

Thomas Iron Company Lake Superior Vermilion Minnesota Iron Company Vermilion District Arquette Range Menominee Ishpeming Cleveland Tahpedning London

Leather and Hides Market Slips Yet Holds Broad Supply

Leather dealers report improved movement due to lower prices with buyers regaining control. Supplies remain plentiful, prompting price shading and modest demand, while finished leathers show quiet to fair activity. Hides build a firmer tone with strong Buffalo and Southern lots priced at key shipping points.

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

Wool Market Holds Steady Ahead of New Clip

Market remains in a good steady condition with demand from manufacturers for immediate needs. Buyers hold back pending developments while supplies stay tight and choice wools remain scarce. outlook suggests stocks will be cleaned up as the new clip arrives.

Also Mentioned on This Page

Boston Stock Exchange Miscellaneous Stock Exchange Pacific Mills Hampshire County National Bank Northampton Mass Oakland Garden Association Eliot National Bank Rk & St. Joe Consol. Mort Andover Nat. Bank Lawrence Gas Light Co Appleton Co Arlington Mills Vans Artificial Leather Co Agawam Nat. Bk Springfield Mase Citizens’ Bank of Wichita Kan Conn. River RR Maine Central RR Naumkeag St. Ry. Co Salem McKay & Bigelow H. M. Asso Davidson Investment Co Do Merchants and Miners’ Trans. Co Mars Title Ins Boylston Mutual Ins Farmers’ Loan and Trust Co. of Kansas Showalter Mort. Co East Bast. Ferry Co Dorchester Athenaum Washington Natl. Bank Boston Water Power Co Bell Tel. Co Consol. KR City of City of Warsaw Decatur M. L Nat. Exchange Bank Chelsea Gaslight Co Do Knutland RR Androscoggin Mills Adm Fitenburg RR New Eng. Tel. Co Naumkeag Steam Cotton Mills Do Essex Co Merchants Nat. Bank Third Natl Bank Kusell Frimmer Co Globe Nail Co Hannibal & St. Joe Imtop Merchandise Nail. Bank Nail. Bank Merchandise Nath Bank Everett Mills Saco Amory Mfg. Co Farmers’ Loan and Trust Co Oriental Coffee House Dakota Loan and Trust Co Sugar Refineries Co Keene Old Boston Natl Union Bank Exchange Bank Blackstone Natl Eastern RR. Co United States New York & New England RR Boston & Maine RR Boston & Lowell RR Great Falls & Conway Fitchburg Bur Jackson Lansing & Saginaw Vaciile L. G Atchison, Topeka & Santa Fe Globe Nat. Bank Boston Besting Co Boston & Providence RR Bceay & Bigelow Seeding Machine Asso Lowell Mfg. Co Gt. Falls Mfg. Co Boston & Roxbury Mill Corp Burl. & Missouri Ri National Car Co Dame Cotton Mills Goks Lor Isshecte Ghes SygPahs Eee Oro Petroleum Ree Wees Can N.W. Deb Cen. P. Ists Navista R.G Cues VT St. L St. His Ie de DS. Pe Pr Ines St. P St. Pp. C Pe Kan. P Tex B.G N.P. Lste U. Pac N. W W. Shore Adams Iu.si.es American Wells Fargo Amador Navajo. Oe Ontario Plutus Sae Au Col Con C.& Va Tenn. Co United Mat.s.&m Boston Post Anette Neste Ata Shore Lins Vccé Esvesue Rutland Acovedseecaaee Summit Rancheesse AM. Belli Icceves New Eng Ae Eastman Lamson Store Ser. Oo T&s Fed A '& Pine Bar & Mon Chi, Bar & Nor M&b Do Bond NY &Ne Orat Bi Ieeedeeeeveres Pe Park Val Erie Tel Wees Eeeserte Amemi Tel Icsacesns Lamson SS. Ee Boston War Power Cutler Land Eeteerere Bost & Mont (Copper Butte Ranklin Kearsarge Nationa Eevee Oscooia Css G&g PuGs Bost & Alv Bost & Low Coessesee Fee Cal So Seeve Chi & West “Mich Eriasax FIS & M Ny&ne Ny& NE Bell Tells A, F & SF Col Trust P& Ark Vail Bell Tel Wis Cent Inc Sua Eeas Ees Aspre BaVaxwss Penobshot Bay Bost & Orant Cal & Lec Enn B& Q Conn Cc & W Flint Cin San & Neve Old Col Pullman Pal Gar Cial Ales Allouez Arnold Atlantic Bonanza Devel Mont Butie Oh Cal Hécla Eseom Catalp Lronton Nationale Rene Ridge Bay Eeenee Sis Maverick Lamoine Penobaco Eee San Dies Ewrene Toveka Winthrop LY Wollaston At. & Bae’ Lst Ned Chi Kan. & W Do Inc W. Mich Elk H. És, Sone” O. Oe Ft. G B. Ba Zeus Ft. S St. L. Lm Om N.Y N. Y Oregon S. L UL. C. Con Southern Kan St. Jo & G du Inc Railroad Vada Atch Top Oston W Central of Mass Col. Sp. & Cin Det L. Eneseevevesevss K. Cy Pte S. & Guif Sewer Eee Ciateteaa Ee Ree Sun Electric Aeee Ebeeeesraeteer Cies Eae Thomson-Houston Elec Setae Tuuert Aim McKay Heeling Mach Sewer Ing Ing. Chi. & Alton St. Be Cateran East Tenns Seer Fort Wayne Hocking Val Houston Texas Central Kan. & Tex Y. Kings Pem.i.sss Lake Shore Long Island Louis Lotus. & Nash N. A. Eewee Man Beach Man Mem Sedcossees Eeeie St. Pe Pacific Ohio Essex Enews Nash N. J. Cent Este Ee Northwest'n N.Y St Leere N.E Ohio & Miss Oregon Trans Pittsburg Rock Island Rome St. L FB St. V Eae Texas Pacific Tol, & O. C. Pref U. Pacific Ase Utica & B. RR W.st.l Railroad Matters Somerville G. O. Shattuck W. B. Wood Brown, Wood & Kingman A. H. Rice Wood Mr. Rice Richard Stone W. 5. B. Hopkins Worcester Golden Gate Council Bluffs Louisville & Nashville Illinois H. N. Turner Boston & Lowell Railroad Fairbanks Scale Company Central Railway Times England Vera Cruz Zacatecas Guadalajara West Shore Chicago & Northwestern Plans Exchange China F.S. Moseley & Co Kidder, Peabody & Co., Bankers Devonshire Street Nassau Street NEW York Financial AL & Pacific Eea Air L Roch B.C Noa Eree Central Iowa Central Pacific Foreign Financial Markets Seattle Wash F Raymond Eggert & Raymond San Antonio Joske Joske Bros Topeka Payne M Payne & Co Williamsport Pennn Stead, Qu. Washington H Hall, Craw Cotton Oil Trust Trial Zenana Missions Boston University J. E. Carter & CO Bankers A Washington St
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