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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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