Money Market and Stock Exchange Activity in Boston
The Boston money market shows quiet, with lending rates 4 to 6 percent and call loans at 3 to 5 percent. Exchange volumes rise, with New York markets buoyant early and a late softening. Stocks advance then retreat. notable moves involve Lamson Store Service, West End Land, Atchison Topeka & Santa Fe, Boston & Lowell, Union Pacific, and Metropolitan Horse amid wider rail and street railway sector activity.
MENTIONED IN THIS ARTICLE
Boston
New York
Sterling Exchange
West End
Atchison, Topeka & Santa Fe
Boston & Lowell
Cincinnati
Sandusky & Cleveland
Metropolitan Horse
New England
Union Pacific
Bell Telephone
New England Telephone
Franklin
Aspinwall Land
Boston Water Power
Brookline Land
Frenchman’s Bay
San Diego
Atlantic & Pacific
Chicago
Burlington & Northern
Burlington & Quincy
Central Massachusetts
Flint & Pere Marquette
Little Rock & Fort Smith
Mexican Central
Old Colony
Summit
California Southern
Oregon
Oregon Transcontinental
Wisconsin Central
Atchison
Chicago, Kansas & Western
Washington
Senate
Wall Street
State Street
Pullman Palace
Southern Pacific
Los Angeles
Springfield
Eastern
Boston & Maine
Massachusetts
New York & New England
South
Cambridge
Metro
Dividend Declarations From Multiple Companies
Eastern preferred stock receives a 3 percent dividend. Delaware and Hudson Land Company declares a quarterly 144 percent dividend with March 15 payable and February 26 books closing, reopening March 16. Chicago and Northwestern declares 14 percent on its referred stock payable March 23 with March 6 record. Plymouth Consolidated Mining pays 25 cents per share on March 5 marking its forty sixth consecutive monthly dividend. total dividends from this company reach 1.9 million dollars with this payment.
MENTIONED IN THIS ARTICLE
Delaware & Hudson Land Company
Chicago & Northwestern Company
Plymouth Consolidated Mining Company
Railroad bonds lead gains in active market
Prices in the general list firm to strong with fractional advances. Texas Pacific issues were notably active amid settlement with income bondholders. Income trust receipts closed 4 percent higher at 651, Rio trust receipts rose 34 percent to 74, New Orleans Pacific trust receipts up 24 to 83. Other notable advances included St Paul Southwestern division, Mackinack & Marquette Iowa grants, Richmond & Allegheny certificates, Wabash Chicago division, and Mobile & Ohio first debentures.
MENTIONED IN THIS ARTICLE
Sey Central
Texas Pacific
Rio Trust
New Orleans Pacific Trust
St. Paul
Southwestern
Mackinack & Marquette
Iowa
Richmond & Allegheny
Wabash
Chicago
Mobile & Ohio First
London Market Notes Consols and Global Stocks Steady
London stock prices show dull trading at 12:30 pm with Consuls at 1001 16, U S 4s 18114, Atlantic & Great Western firsts 47, Erie 347 percent, Illinois Central 122 percent, Mexican ordinary 65 percent, and major U S rails around 57 to 116 with Reading 18 percent.
MENTIONED IN THIS ARTICLE
London
United States
Canadian Pacific
Erie
Illinois Central
St. Paul
New York Central
Pennsylvania
Reading
New York Financial Market News Feb 24
Money on call eased 3 to 4 percent with notable activity in bonds and stocks. Arbitrage demand supported government and railroad issues as Jersey Central fell briefly then recovered. Texas Pacific surged 4.4 percent. Union Pacific led gains before a late-day broad advance.
MENTIONED IN THIS ARTICLE
New York
Prime Mercantile
Sterling Exchange
Jersey Central
Stock Exchange
Texas Pacific
Union Pacific
Mt Holyoke Alumnae Meet Notes Endowment Efforts
The quarterly Mt Holyoke Alumnae gathering at 6 Park Street was led by Mrs Gulliver of the Boston Alumnae. Rev A P Foster and Rev Dr N G Clarke spoke on the seminary’s work and endowment needs. Graduates actively seek funds for a chair endowment.
MENTIONED IN THIS ARTICLE
Mt. Holyoke
No. 6
Park S Treet
Gulliver
Boston
Driver
A. P. Foster
Roxbury Emanuel Church
N. G. Clarke
American Board of Foreign Missions
Defalcation of Boston & Lowell clerk totals 1100 dollars
Andrew Carey, a clerk in the freight office at Franklin, has been found to have defrauded 1100 dollars. Archie J. Miller died after being run over on the Worcester railroad at Nashua, N IL. The boycott case for Plymouth trial was postponed to June due to General Butler's absence. The Warren powder mill kennelling mill blast injured Superintendent Burna and Workman J P Jones. Bertha M Miller schooner owners received 125 dollars reimbursement after fouling the French Atlantic cable. Asa and Willie Magoon of Orange Vermont were arrested for illicit distilling.
MENTIONED IN THIS ARTICLE
Andrew Carey
Boston & Lowell Railroad
Franklin
Archie J. Miller
Worcester
Nashua
N.il
General Butler
Plymouth
Kennelling
Powder Mills
Warren
Burna
J. P. Jones
Bertha M. Miller
Brown's Bank
Fisher
Asa
Willie Magoon
Orange
Railroad Matters Interpret Interstate Bill
New York report shows trunk line committee meets to interpret the interstate commerce law during passenger traffic hearings. Commissioner Pearson presides as part of a broader move toward liberal construction to minimize business disruption. Next Tuesday the Eastern and Western joint committee will act after subcommittee reports.
MENTIONED IN THIS ARTICLE
New York
Joint Committee of Eastern and Western Lines
New 6 percent first mortgage bond eyed for Indiana Bloomington and Western
Investors expect a new 6 per cent first mortgage bond to refinance prior liens on the Indiana Bloomington and Western Railroad. Trust certificates on the main line trade around 97 and the Eastern division around 96 with accrued interest. On Oct 1 interest on the main line bonds is 5 percent, making the new issue cost buyers about 92. The comparison shows a potential margin of profit for purchasers of the current trust certificates.
MENTIONED IN THIS ARTICLE
Indiana, Bloomington & Western
Indiana, Bloomington& Western Railroad Company
Trust Company
Simi
Pennsylvania Railroad earnings rise in January 1887 report
The January 1887 statement for all lines east of Pittsburg and Erie shows gross earnings up 430,235 with expenses up 167,425 and net earnings up 262,810. West of Pittsburg and Erie for January 1887 posts a surplus over liabilities of 222,361, up from 356,048 year over year. A 900,000 earnings carry to surplus from 1886 suggests about six percent annual earnings, with over 4,700,000 in dividends.
MENTIONED IN THIS ARTICLE
Pennsylvania Railroad Company
Pittsburg
Erie
Europe
United States
Canada
Beerbohm
London
United Kingdom
Conthent
New York
Boston
Portland
Newport News
Eever Secaeens
Philadelphia
Baltimore
Orleans
Richmond
Algo Ieee
New Bangor Railroad Survey Authorized
Bangor and Piscataquis directors vote to survey a Milo to Bangor railroad under the 1887 charter. Engineers begin this week to locate the route, with rapid progress planned. Citizens favor the project and have pledged substantial funds, with over $100,000 already subscribed and construction hoped for in spring.
MENTIONED IN THIS ARTICLE
Bangor
Bangor & Piscataquis
Milo
Rail earnings and expansions sweep across 1887 notices
The report cites gross and net earnings for Mexican National Central Iowa and several lines, with weekly and yearly comparisons. It notes Duluth South Shore Atlantic contracting sixty miles near Hurley, and extensions to Tomahawk Lake and to Lake Superior. Union Pacific announces daily emigrant sleeping cars Omaha to Los Angeles from March 1 with new cars.
MENTIONED IN THIS ARTICLE
Iowa
Duluth, South Shore & Atlantic
Milwaukee
Hurley
Ontonagon
St. Louis
San Francisco
East Tennesse
Virginia
Georgia Road
St. Paul Road
Denver & Rio Grande Road
Cincinnati
Hamilton & Dayton
Minnesota House
Little Rock & Eastern
Arkansas & Southern
Altheimer
Little Rock
Lewisville
Shreveport
St. Louis, Arkansas &Texas Railway Company
Chicago, Milwaukee & St. Paul Company
Browntown
Wis
Blanchardville
Argyle
Joseph Schofield
New York, Nae Haven
Hartford Road
Grand Central Depot
New York
W. H. Stevenson
Norfolk & Western
St. Paul
Chicago, Milwaukee & St. Paul
Merrill
Tomahawk Lake
Lake Superior
Concord Road
Union Pacific Railway Company
Omaha
Los Angeles
New Lodge of Odd Fellows Chartered in Massachusetts
A new lodge named America Lodge No. 191 was instituted at Odd Fellows Hall by the Grand Lodge of Massachusetts. Elected officers include Fred A. E. Hamilton as noble grand and J. A. Isley as vice grand with other key posts filled by George F. Quimby Eben L. Davis and Albert J. K. Lord. Appointed officers named include E. A. Maddox J. D. Ainsley Moulton and Hobart Tomlinson among others.
MENTIONED IN THIS ARTICLE
Lodge of
Odd Fellows
America Lodge
Odd Fellows’ Hall
Grand Lodge of
Massachusetts
Fred A. E. Hamilton
J. A. Isley
George F. Quimby
Albert J. K. Lord
Eben L. Davis
E. A. Maddox
J. D. Ainsley
Horsford’s Acid Phosphate Endorsement in Indigestion Remedy
Dr F G McGavock of McGavock Arkansas testifies to Horsford’s Acid Phosphate easing obstinate indigestion and praises its beneficial action.
MENTIONED IN THIS ARTICLE
Horsford’s
F. G. McGavocrn
McGavock, Ark
Wool Market Stays Quiet as Prices Hold Steady Across Regions
The wool market shows little change with steady prices and firm demand for medium wools. California Oregon and Territory wools are listed as quiet or steady, while New York and Montevideo notes indicate subdued activity and cautious purchasing by manufacturers.
MENTIONED IN THIS ARTICLE
New York
Cincinnati
United States
Germany
France
Ohio
Pennsylvania
Michigan
Bbia
Texas
California
Oregon
Tbs
Montevideo
Market Reports Feb 24 Flour and Grain
The dull steady market for flour and corn continues with steady quotations and limited purchases. Oats are weak with No 1 white quoted around 41 14 to 42 cents. on track oats 39 1 2 to 39 3 4. The report includes extensive export figures, imports to the UK, and weekly commodity prices.
MENTIONED IN THIS ARTICLE
Bush
Cincinnati
Chicago
Possus UN Ee
Ors Co
AE Ae
Michigan
Canada Superior
Canada
New York
Also Mentioned on This Page
Cambridge Road
West End Land
City Hall
Exchange Building
National City Bank
Kidder, Peabody & CO
Devonshire St
Boston, Mass
Nassau St
Measta
Baring Brothers & Co
British Provinces
Isk
Basset, Whitney & Co
Devonshire Street
Santa Fe R.A. Go
Brewster, Cobb & Estabrook Bankers
Congress St
City OF
Portsmouth
Blake Brothers & Co
H. D. Kyle
New
New York City
Colorado
Boston Stock E Exchange
Calis
Ny&ne
R&n
Cy & P
Lamson
B& Shen
Boston & Owell
Guia
C. West Pe Acae
Sp&m
B& Na
Sk & M
M&b
Agus Wis Cent
Atl
Ax Bell Tei
PARWI
Gece Wee Bs Aspinwall
Boston W P
Ban Diero
At & Pac
B& M
Fitchburg
Sele
Jha Lre&fis
Biviek
Heeoenerer
Ny& K
Ieee
Rutland
Raneh
Pacific
Amneal Telephone
Pheer
Alt
T. H
Quincey
E Central
At & Pace
Seere
Central Pac
Tye
IV B&l
Ches. & Ohio
Nie & M
Ofd
Chi
Alton
Gost
Spr & M
Col. & H
del. & H
Bel. & L
Bass
Pullman
Han. & Bt
Ae Ae C
B&n Bs
Houst
Wee c. K& ¥ Inc
I. Central
ARS One
Kas. & Tex
Ee & M
Lake Shore
Long Island
Il Lou. & N
L&s So
É Lou
Lr&fts
Beach
Eeeae
Do Inc
Memphis &Ch
Sea
M. L
Minn
St. L
Wis. Pacific
Nash
Chat Pee Tree
Eng
N. J. Cent
Oys
Glee N. & W
Boyiston St
Nehipan’s Bay
A&p
N.Y
N. E
Trans
E. J
Biltshare Cnet
We Roe i & Pitts
Rock Island
Met Horse
Tea & B. Pacific
England Telephone
Krie Telephone
Oregon Inn
Pacite Mail
Uh Oly Pullman Pal
Boston Land
Union
Boaton Water Power
Bova
Eastern Railroad
Bos D
Ss. P&p
St. R
St. Ists
T. St Die
Peete
Kan P. Cone
Lob Tex. V. L. A
Lata
Union Pac Sinking Fund Bs
Shore
Oss Loray Way
Atlantic N Pacific Saebeene
Boston & Albany
Weins’ Fargo
Mono
Central Mass
Moulton
Amador
Hest & Belcher
Ovy
Belle Isle
Ontario
Cleveland
Canton
Bodie
Holmestake
Stanislaus
San
Hlatention Flint & Pere
Falla & S City
Little Rock & Ft Smith
Oy Marg
Hout & Ont
England
Ouadim
Montache
Calumet & Hecla
Cope
Marack
Wilson W. Fay & Co
Elec
Aim
Renates Ee
Reece
Seomelitio Sc
International Reece B. H. Mach
Bilec. Light and Power
Lord Acoustic Telephone
Lord Acoustic
Eeenne
Financial Telegram
Catalpa
Cal
Alta
Mono Bulwer
Heteher
Potosi
Sierra Nevad
Crown Point
Union Cen
Oh Gould & Orry
Hale
Norcross
Boal
NEW York Financial
MT. Holyoke Alumna
THE
NEW Lodge OF Odd Fellows
Thomas W. Howard
Custom House
Antwerp
Belgium
Russia
Austrian
Turkey
Geriaoy
Areca Pleas
Portugal
Scivcbevser
Kentucky
Delaine
Bbc
Montana
Wyoming
Kansas
Nebraska
Georgia
Michi
Maine
New Zealand
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