Money Market Report Reflects Easy Credit Conditions
Boston financial desk notes an easy money market with time paper discounting at 8 percent to 5 percent and call loans secured at 2 to 4 percent. New York funds traded at 5.7 percent discount on $1000, while weekly Clearing House balances held firm. The city’s $480,000 four percent loan was partly awarded to Borg & Co. at 105 27, with premiums rising, and bond offerings totaled 297,800 dollars. The New York reserve shows a near million dollar loan rise with deposits and circulation up modestly, offset by losses in specie and legal tenders.
MENTIONED IN THIS ARTICLE
Boston
New York
Jacob H. Hecht
Borg & Co
Oo Cobb & Estabrook and
Blake Bros. Co. Exchange
Chicago
St. Louis
San Francisco
Sight
Telegraph
New Orleans
Commercial
Bank
Charleston
Savannah
TRSO
Dividends Declared by Major Mining Firms
Ontario Silver Mining Company declares 60 cents per share for January amounting to 75000 dollars with transfer books closing January 23 and total dividends paid reaching 9875000. Daly Mining Company proclaims 25 cents per share or 37500 dollars payable January 28 with books closing January 23 and total dividends 937600. Homestake Mining Company declares 20 cents per share or 25000 dollars for January payable January 28 with transfer books closed January 20 and total dividends 343750.
MENTIONED IN THIS ARTICLE
Ontario Silver Mining Company
Daly Mining Company
Homestake Mining Company
Mexican Central Railway bonds deposited under January circular
Boston and London hold deposits totaling 33,525,000 First Mortgage Bonds and 5,855,000 Income Bonds. Extension until March 4, 1889 granted. deposits after that date on less favorable terms to holders. Deposits in Boston at the Boston Safe Deposit and Trust Co or in London with Glynn Mills Curie & Co., bankers.
MENTIONED IN THIS ARTICLE
Boston
London
Boston Safe Deposit and Trust Co
Messrs. Glynn, Mills, Currie & Co
John M Graham and Associates Legal Depository Text
John M Graham William Claffin Robert M Morse Jr William T Walker P A Collins to authorized to accept as or otherwise. Legal depository for trustees guardians and interest allow check receivable through Registrars and Transfer Exchange on London transfers administrators executors of law on deposits subject Clearing House.
MENTIONED IN THIS ARTICLE
John M. Graham
William Claffin
Robert M. Morse, Jr
William T. Walker
P. A. Collins
Thoma
Registrars
London
Bonds Offered On Lease Secured Gold Issue
Gold 64 bonds secured by lease to St Louis and San Francisco Railway. Company has paid 16 consecutive semi annual dividends at 7 percent per annum. Recommendation favors these bonds for trust funds and offers a limited amount to net the inventor 55 8 percent.
MENTIONED IN THIS ARTICLE
St. Louis & San Francisco Railway
Commercial Grain and Meat Markets Report Steady through Day
Flour and corn show firm or steady levels with oats quiet and rye very quiet. Butter firm, eggs improving, poultry firmer, beef and pork largely quiet. Sugars, molasses, and fats mixed, with several commodities steady or slow and overall muted trading activity.
Print cloth markets show firm, steady week in Fall River and Providence
Fall River reports production 175000, deliveries 173000, stock 5000, sales 211000, spot 18000, futures 193000 pieces. Prices noted 315 16c for 64x64s and 3 2c for 60x56s. Providence notes very quiet week but closes steady at 315 16c for 64 squares, spots, and early futures with distant delivery bid at 56x60s 39 16c. Total weekly sales 3000 pieces across 64x64 and 4x64s.
MENTIONED IN THIS ARTICLE
Fall River
Providence
New York Financial Market Report Highlights A Mixed Session
The New York Financial report notes easy money on call at 2 percent with no loans, steady quotations in prime mercantile paper at 4.6 percent, and dull steady government and railroad bonds. Stocks were irregular and moderately active with London buying, fault lines in Cotton Oil and St Paul, Burlington, Oregon Navigation, Manhattan and Big Four advancing late, Erie seconds and Cairo & Fulton firsts among minor movers. Weekly bond sales totaled 9.302 million versus 10.629 million prior week with six trading days.
MENTIONED IN THIS ARTICLE
New York
Prime Mercantile
Sterling Exchange
London
Bears
St. Paul
Burlington
Oregon
Manhattan
Erie
Cairo & Fulton
Northern Pacific
South Carolina
New York Stock Sales Report February 23
Daily totals show 101,929 shares traded as a snapshot of activity. The list details shares sold along with opening, highest, lowest and closing prices for the day and compares with Thursday’s close.
MENTIONED IN THIS ARTICLE
New York
Foreign financial market notes and copper bank formed
Foreign financial news from London reports discount rates easing as gold inflows from South America and Australian arrivals rise. Market quiet yet steady with consols under rumor of a large operation to fund conversions. A Minnesota Iron Land Company launches with 1,000,000 pounds capital and 1000 acres Vermilion range ore. ARIS reports a copper bank formed in Paris with 40 million francs capital. Panama Canal company jurisdiction dispute mentioned. Paris bond quotes and money rates provided.
MENTIONED IN THIS ARTICLE
London
South America
Australia
Stock Exchange
New Railroad Association
Iron Land Company of
Minnesota
Vermilion Range
Charles E. Parent
Wheo Hale
Duluth
ARIS
Panama Canal
Tribunal of Commercce
Panama Canal Company
ONCON
Erie
Illinois Central
St. Paul
Pennsylvania
Paris
Business troubles pin down debts of three local tradesmen
Charles B. Gardner contractor and fibre maker of 12 Ashford Street owes 8640 with no unencumbered assets. Creditors of William Waterhouse carrier of 74 Purchase Street accept 15 cents. James D. Balfour baker of 2255 Washington Street faces liabilities of 2500.
MENTIONED IN THIS ARTICLE
Charles B. Gardner
Ashford Street
William
Waterhouse
Purchase Street
James D. Balfour
Baker
Washington Street
Western Farm Mortgage Trust Company Boosts Capital to Two Million
Mr F B Rogers, manager, reports heavy stock subscription following a West trip for the company and its annual meeting held February 4. Directors declare the usual semi annual dividend and build a healthy surplus. The board votes to raise active capital to 2 000 000 to expand to the Northwest and support large loans on city property. Present stockholders plan to take 500 000 of the increase. Incorporated in 1880 the company has never missed a semi annual dividend and prides itself on safe, conservative mortgages and debenture bonds with no investor loss or delay in payments.
MENTIONED IN THIS ARTICLE
Stock Exchange
Union Pacific
Oregon Navigation
Oregon
Northern Pacific
London
Northwest
Oregon Railway and Navigation Company
Messrs
R. Suydam Grant
Charles Merriam
Mexican Central
Wade
Mexican Central Railway Company
Lamson
Pullman Palace
Boston & Albany
Boston & Lowell
Central Massachusetts
Connecticut & Passumpsie
Eastern Advance
Kitchburg
New York
New England
Old Colony
West End
Atchison Trust
Atlantic & Pacific
Chicago
Burlington & Northern
Kansas & Western
California
Kansas City
Fort Scott & Memphis
Memphis
Birmingham
Louisville
Evansville
St. Louis
Southern Kansas
Mexico
South Pacific
Bell Telephone
Erie
Sullivan Harbor
Lamoine
Bar Harbor
Frenchman’s Bay
Boston Land
Penobscot
San Diego
Atlantic
Boston & Montana
Calumet & Hecla
Franklin Raver
National
Osceola
Pewabie
Quincy
Tamarack
Santa Fe
Hubbell
Wall Street News
F. B. Rogers
Western Farm Mortgage Trust Company
Congress Street
Boot and Shoe Buyers in Town
Ashland O E 5 Briggs A 8. Binghamton NY ii A Goff of Stone Goff & Co Am. Cincinnati O George M Daum of James H Laws Co Ad. Chicago I J P Smith of R P Smith B S Co Ad. Chicago lu A C MacLauchlan of Selz Schwab Co Ven. Chicago 1u W S Henderson of C M Henderson Clarksville Tenn M A Stratton Qu. Detroit Mich L A Lancashire of Mabley Co Us. Indianapolis Ind E Branham of McKee Bran ham Vo. Lincoln Neb W W Webster Craw Mt Vernon Ind J L Rosenbaum of Rosenbaum Bros Rd. Mansfield O B F Keiser U S and a Mich A P Connor of A P Connor O US. Fortage Wis L Breece of Loomis Breece Co Pa a Tenn J H Cannon of J H Cannon Co raw Richmond Va J A Gregg U S. St Louis Mo G W Brown of Brown Desnoyers Shoe cay in Minn C H Kellogg of Kellogg Johnson Uniontown Alan H Long of H Long White Pa
MENTIONED IN THIS ARTICLE
Ashland
Briggs
Binghamton
Goff
Stone, Goff & Co
Cincinnati
George M Daum
James H Laws & Co
Chicago
J P Smith
R P Smith B. & S. Co
A C MacLauchlan
Selz, Schwab & Co
W S Henderson
C M Henderson & Co
Clarksville
Tenn
Stratton
Detroit
Fortage
Wis
L. Breece
Loomis, Breece & Co
J H Cannon
J H Cannon & Co
Raw
Richmond
Grain Markets Report From Chicago on Feb 23
Farnum, Reardon & Co describe wheat as opening higher yet tame amid a rapid advance. The market drifted all day, closing weak near $109 5 8, with a projected 700000 bushel drop in visible supply and expectations of lower prices next week. Corn remained dull and steady as buyers emerged at the close. CG S Williams & Co list opening, high and closing quotes for wheat, corn and oats across February to June contracts, with St Louis and New York closing futures prices and cash bids for wheat, corn, and oats.
MENTIONED IN THIS ARTICLE
Atchison
California Southern
Chicago
Lurlington & Quincey
Chicago, Burlington & Northern
Louisville
Evansville
Wisconsin Central
Farnum, Reardon & Co
CG S Williams & Co
St Louis
New York
Market for flour and grains holds firm amid mixed demand
Spot market shows strong demand for winter patents while spring patents lag. Prices listed for fine to winter patents range from $5.50 to $7.75 per barrel with exports and Minnesota and Michigan grades noted. Wheat and corn futures steady to firmer across New York, Chicago, Milwaukee, and Detroit with receipts and shipments varied. rye and oats quoted with subdued activity. millfeed and cottonseed markets steady to dull.
MENTIONED IN THIS ARTICLE
Canada Superior
Canada Roller
Canada
New York
Minnesota
St Louis
Chicago
Milwaukee
Minneapolis
Northern
Toledo
Detroit
Duluth
Deveue
Peoria
Graham
Newark
Michigan
Bush
Domestic and export grain and flour price and receipt summary
A historical report itemizes weekly receipts for flour and grains, including flour 22,857 bbls and 15,668 sacks and corn 382,100 bush, with rye, oats, malt, and hops also listed. It compares to prior year receipts and gives January 1889 port exports for wheat 3,173,796 bush and corn 9,342,171 bush across Baltimore New Orleans New York San Francisco and other ports.
MENTIONED IN THIS ARTICLE
United States
Baltimore
New Orleans
Newport
New York
Philadelphia
San Francisco
Willamette
Butter market steady amid firm receipts and regional pricing
Weekly butter receipts total 9948 packages and 2538 boxes with 8655 kgs and 2641 boxes last year. Market held firm for creameries as cold weather persists, with sales in small immediate lots. Outside quotation for choice creameries at 30c, most sales 26 28c. imitation creameries 2/23c. new milk dairies 26 27c. ladle packed quiet. Regional quotes include Western at 29 30c and Vermont around 23 27c, with various quality grades listed. Oleomargarine weekly receipts 2880 pkgs, vs 3308 pkgs last year.
MENTIONED IN THIS ARTICLE
Vermont
Chicago
Cincinnati
New York
St Louis
Baltimore
PROFITABLE INVESTMENTS SELLING PROFITS FROM WILLIAMS CO
A historical advertisement lists sample trades from Williams & Co showing profits on stocks, commodities, and options. It includes specific buy and sell prices, investments, and net profits for items such as Lackawanna, Lake Shore, Northwest, New England, and wheat, with notes about dividends and confidentiality. The ad urges readers to invest now and place orders by mail or telegraph.
MENTIONED IN THIS ARTICLE
Williams & CO
Lackawanna
Lake Shore
Northwest
Canada Southern
St. Paul
Richmond & Terminal
New England
S&s Williams & CO
Congehess Street
Coneress Sa
Devonshire St
Quincy House
Boston
Mower’s
Lyas
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Reichsmarks
Boston Post
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J. Louis
Pittsburg
Dew Orleans
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Mana
Denver
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Eee
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Wcuse
Rand Rapids
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N.Y
Mexican Central Railway Co., Limited
Dik
Evonshir
William W. Crapp
John Goldthwait
Warren B. Potter
Willian A. Haskell
John C. Paige
Omnam
Jewett
Wilis
City OF
Blake Brothers & Co
State Street
Brewster, Cobb & Estabrook
Wight Braman & CO
Devonshire Street
Miscellaneous Stock Exchange
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Ing
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Eley
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FEOO
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K.C
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L. E
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Oregon Pie
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Fastman
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Pull
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Ontario
Belcher
Amafor
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Plymouth
Chis
Sullivan
Wilson W. Fay & Co
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McKay
Esas Pest Herrertet
Sun Electric
Frenchman's Bay
Globe Natl
Metropolitan Natl Bank
Eetad
Androscoggio Mills
F Col Trust
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Eane
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Seeeererre
Lowell Mig
At & Pac
Eta
Peppereil Mig
YOO
Maine Centra
Evereree Enereens
I Cal
St. Johnsbury & He
K & W BS
K C,fis & Mbs
Portland Steam Packet Co
Louis, Ev & Stl
Natl. Mort. de B. Gs
Sonaaneea
Atlantic Natl. Bank
Blackstone Natl Bank
State
Larence
Lawrence Natl. Bank
ibGle
Ank.of Commonwealth
Revere Bank
Hide and Leather Hank
Bank of the Republic
Eeeee
Eeneeree
Eereee
Eevee
Shoe and Leather Natl Bank
Eeeeteneester
State Natl Bank
Seeeeres
Ee One
Bates Mfg. Co
Penobscot Bay
Ease
Massachusete Cotton Mills
Berkshire KR
Con
Ares Harbor
Fitchbur RR
Metrovotan Barnes RR
Kan
Lsost & Siont
Condee
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Seeenes
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cKa Heeling Machine Co
Cere
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Ube Workse
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China
Ea Spurewle
Yong Toe
Fitchburg
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Lynn & Boston
Louie
St. L
Maine
Central
Seaman
Pal Car
J. E. Carter & CO
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