Money Market Shows Steady Demand and Clearing House Totals
The Boston money market reports steady demand for loanable funds with call loans 6 to 7 percent and mercantile paper 6 to 7 percent. Clearing house exchanges for the day reach 16,832,761 with balances 2,001,200, and weekly totals 82,484,685 and 12,438,000 respectively. Foreign exchange remains steady with Paris and Reichsmarks rates cited and Parkinson & Burr issuing bond stock lists dated 1887.
MENTIONED IN THIS ARTICLE
Boston
Corporation
New York
Paris
Shortsight
Reichsmarks
Parkinson & Burr
Boston Board
Boston Post
United States
York
I. O
Chicago
Francisco
Altimore
Cincinnati
New Orleans
Ttsburg
Kansas City
Omisville
Filwankeé
WGA
Inneapolis
Ndianapolis
Memphis
Columbus
St Galveston
Artford
Ew Haven
Cortland
Ee. Joseph
Worcester
Pringffield
Owell
N. York
Newark
Indianapolis
Omaha
Peoria
St. Joseph
San Francisco
Cleveland
Louisville
Global market roundup notes mixed activity through week end
The report shows settlement tied to telegraph breakdown raising money market tension. French bourse dull then firm Friday with varied loan and security movements. Paris and Berlin exchanges close higher on Friday though weekly levels remained weak. gold drain ends and London exchange rates cited.
MENTIONED IN THIS ARTICLE
Stock Exchange
Uoyant
Paris
Panama Canal
Suez Canal
Bank of France
Levergee
New York
America
London
Bank of England
Berlin
Rail road building pace in 1886 across the United States
The Chicago Railway Age notes 8010 miles of new track on 280 distinct lines in 1886, led by Kansas with 1520 miles Nebraska 737 Dakota 678 Minnesota 587 and Texas 543. Estimated roadway cost at 20 000 per mile suggests 160 million dollars, with further spending on equipment wages and construction. The piece predicts 1887 may surpass 1886 in railway building.
MENTIONED IN THIS ARTICLE
Chicago Railway Age
New England
Middle States
Middle Western States
Northwestern States
Pacific States
Kansas
Nebraska
Dakota
Minnesota
Texas
Great West
United States
Expensive Special Cars for Railroad Executives
The Chicago News notes lavish palace cars owned by major railroads, including Rock Island and Lake Shore lines. Up to five special cars serve presidents and executives, built by Pullman with glass walls and multiple rooms, costing 20 000 to 30 000 dollars each. Collectively Western roads hold 60 000 to 100 000 per road in palace cars, totaling millions on wheels for officers.
MENTIONED IN THIS ARTICLE
van Buren Street
Rock Island
Lake Shore
Chicago News
John Neweill
Stella
R. R. Cable
Little Rock Island
Northwestern
St. Paul
Illinois Central
Chicago, Burlington & Quincy
Michigan Central
Grand Trunk
Nickel Plate
Pullman
Mr Venner on Atchison in St Louis visit
C H Venner of Boston a leading railway figure, known for suits against the Atchison Topeka & Santa Fe directors, is in St Louis with his attorney W A Underwood of Detroit. Venner, 84, a banker, native of Boston, is described as of medium stature with a keen black appearance.
MENTIONED IN THIS ARTICLE
Venner
Atchison
St. Louis Globe-Democrat
Dee
C. H. Venner
Boston
Atchison, Topeka & Santa Fe
St. Louis
W. A. Underwood
Detroit
Venner vows suits to curb Atchison stock schemes
Mr. Venner, a financier allied with 11,000 Atchison stockholders, talks of lawsuits to block Atchison stock guarantees and acquisitions including Gulf Colorado Santa Fe and Atlantic Pacific. He argues against new lines and cites heavy losses from past deals while predicting success in court actions in St Louis.
MENTIONED IN THIS ARTICLE
Atchison
Venner
Gulf, Colorado & Santa Fe
Atlantic & Pacific
Indian Territory
Texas
New York
Farmers’ Loan and Trust Company
Issuin
Atchison, Topeka Santa Fe
New England
Sonora Road
Mexico
Sonora
Kansas
Chicago
Kansas City
West Shore
St. Louis
Passumpsic Lease Report Denied by Passumpsic President
Springfield report says Boston & Lowell seeks to lease Passumpsic railroad. President A B Harris denies any lease or official offer, noting Boston & Lowell interest. The line runs White River Junction to Newport with through Montreal connections via Mas sawippi line. Passumpsic capital 2.5 million, 5 percent dividend, stock 112 in Boston. Harris has led since last September.
MENTIONED IN THIS ARTICLE
Passumpsic
Springfield
A. B. Harris
Union
Boston
Boston & Lowell
Harris
Passumpsie
Peemingas
Canadian Pacific
Montreal
Newport
White River Junction
Sherbrooke
Can
Quebec
Passumpsic Road
Southern Pacific targets Los Angeles & San Gabriel Railway buy
The Alta California reports B. Crocker and A. N. Towne touring lower counties to assess purchasing the Los Angeles & San Gabriel Railway from J. F. Crank for about 500000. The 18 mile Duarte LA line could extend SP access to tidewater, block rival routes, and thwart Atchison plans by linking with the San Gabriel Valley rail network.
MENTIONED IN THIS ARTICLE
Southern Pacific
B. Crocker
A. N. Towne
Southern Pacific Company
Alta California
Messrs. Crocker
Towne
Los Angeles & San Gabriel Railway Company
Los Angeles
San Pedro
Atchison, Topeka & Santa Fe
San Bernardino
Atchinson Company
San Gabriel Valley
Duarte
Sierra Madre Range
San Gabriel Valley Line
Rivalry Over Sale Price Hampers Rail Route Move
Railway authorities question if Southern Pacific will concede. Crank holds out for a higher price than the $500,000 figure mentioned, suggesting the rival may not gain possession.
MENTIONED IN THIS ARTICLE
Southern Pacific
Crank
Death of Charles E. Grover Boston and Albany official in Springfield
Charles E. Grover division superintendent of the Boston and Albany railway died at his Springfield home on Friday after a brief illness from typhoid pneumonia. He was 40, born in Worcester, began as a water boy, rose through ranks, and led lines Worcester to Pittsfield and Ware River and Athol branches. He left a widow, mother, and brother.
MENTIONED IN THIS ARTICLE
Charles E. Grover
Boston & Albany Railroad
Springfield
Worcester
South Framingham
Pittsfield
Ware River
Athol
California
Pennsylvania Railroad
Kansas City
Denver
Colorado Springs
Pueblo
Colorado
Southern Pacific Railroad Company
New Orleans
San Francisco
St. Louis Exchange
Kansas Railroad Commission
Kansas
J. R. Watson
Fitchburg Railroad
Itchburg
Causeway Street
Boston
Boston & Lowell
Canadian Pacific
Metropolitan Railroad Directors Report Strong Year and Expansion
The Metropolitan Railroad reports a year of rising passenger totals and earnings with net income of 264 966 28 dollars. It notes 10 000 new stock shares issued, wage increases averaging 16 percent after arbitration, a major fire at Huntington Avenue shops, and a future move to electric motive power and battery storage.
MENTIONED IN THIS ARTICLE
Metropolitan Railroad Directors
Harrison Avenue
East
Boston
Huntington Avenue
Boot And Shoe Buyers In Town
Chicago, NB R Wells of M D Wells and Co and S N Brickhouse of Brickhouse and Co visit with Norfolk Virginia connections in town for shoe trade.
MENTIONED IN THIS ARTICLE
Chicago
R Wells
M D Wells & Co
Norfolk
Brickhouse
Brickhouse & Co
Par
Sincerity Emphasized by Women's Union Lecture
The Woman's Educational and Industrial Union at 74 Boylston Street hosts Sunday lectures on moral religious and educational topics. Mrs. Philena C. Start of the Massachusetts Woman's Universalist Missionary Society spoke on Sincerity the Basis of Noble Living urging unwavering devotion to one’s work and the continuous practice of sincerity and determination.
MENTIONED IN THIS ARTICLE
Woman’s Educational and Industrial Union
Boylston Street
Philena C. Start
Massachusetts Woman’s Universalist Missionary Society
Union
Veteran Volunteer Firemen Elect New Officers
The Charlestown Veteran Volunteer Firemen Association held its third annual meeting in Monument Hall on Saturday evening. Elected officers include Grove Otis Wiley as president B V Dennis as vice president Thomas P Smith as secretary J J McCarthy as treasurer James F King as financial secretary and Walter E Delano Isaac Gibbs B H Simonds C Frank Rand James F Wilson Tobies Beck William Fernald Albert Chandler A W Thoms as board members and D R Bichford as three year trustee.
MENTIONED IN THIS ARTICLE
Charlestown
Market Patch: Grain and Produce Steady Across Board
The dry goods market remains quiet with many items unchanged. Flour, oats, butter, eggs, apples, and packed meats show firmness or steady levels, while potatoes and sweet potatoes trend easy or dull. Overall trading activity is subdued with moderate demand for apples.
Dry Goods Market Quiet but Firm in Cotton Lines
The dry goods market shows little change with firm tone in cotton goods. White brown goods export demand steady, bleached cottons quiet yet steady, prints and dress fabrics steady or quieter, and overall imports and warehousing figures trend higher for 1884–1886.
MENTIONED IN THIS ARTICLE
New York
Our Foreign Commerce Exports and Imports in November and Yearly Totals
The bureau of statistics reports U S merchandise exports in November at 72 619 343 up 3 0 million from October and nearly 5 0 million above November 1885 Imports in November were 54 048 815 down 0 8 million from the previous year and 3 600 000 above November 1885 For the year ended Nov 30 1886 exports totaled 702 190 541 down 3 0 million from the preceding year while imports reached 659 318 637 up 82 000 000 The import of specie in November was 9 309 507 over 1 000 000 above the same month in any of the five prior years Through August to November specie imports exceeded 24 600 000 vs 9 400 000 last year
MENTIONED IN THIS ARTICLE
United States
Port
New York
Boston
Philaphia
Chicago
St. Louis
San Fran
N. Orleans
Baltimore
Cincinnati
Pittsburg
Kan. City
Louisville
Milwaukee
Providence
I. Py
Omaha
Apolis
Detroit
Indi
Cleveland
Memphis
Columbus
Hartford
N. Haven
Portland
Peoria
St. Joseph
Springfield
Orcester
Lowell
Syracuse
NY 15
Bac
New York City
Local Stock Exchange
Stock Board
New York Stock Exchange
New York Clearing House
Panmaty
Sesee
Clearing House
Alances
Bureau of Statistics
Also Mentioned on This Page
N.Y
Peesointad
T. Louis
O’ Leans
an.C’y
Etroil
Ndia’p ’Ls
Enver
Emphis
Alveston
Ford
Haven
Ortland
Et.Joseph
Ngfield
United Sates
Dew York
Oaton
Weer
Incinnati
Ttsbur
Bansas City
Ttisville
Waukee
Linneapolis
Glouces
Es Iaoe
Field
Philadelphia
Kidder, Peabody & CO
Devonshire St
Boston, Mass
Nassau St
Messrs
Baring Brothers & Co
Europe
Basset, Whitney & Co
Devonshire Street
Cambridge
Charleston
Lynn
Portsmown
Brockton
Blake Broth
Reet
Adams, Blodge Bankers
Lvestmant Bonds & Specialy
Congress Street
Boston Ae Ys
W. Walter B. Adams
Wh. Blodge T. K. P. Merritt
French
Banka Foote & French
Dankers St. Joseph
Grand Island
Union Pacific By. Co
Caenaiene
Tru M. Bolles & CO
State Street
H. D. Kyle
Broad
New Streets
A. Kean & Co
Bankers Chicago
United Bank
Foreign Financial Market
International Trust Company
Col
Robert M. Morse, Jr
William A. Haskell
Johan ©. Paige
Warren BR. Potter
TT. Sec
Thomas Mack
William W. Crapo
John M. Graham
Thomas F. Temple
Graham, Pref
William Claflin
John Goldthwait
William T. Parker
BP. A. Collins
Henry L. Jewe
Metropolitan Railroad
Chamber of Commerce
Seaboard
Sakamy
Richmond
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