Boston Money Market Quiet as Rates Hold at Four Percent
The Boston money market closes the week with steady conditions. Clearinghouses show ample loanable funds and a 4 percent rate. Manufacturing paper offered 5 to 5 1 2 percent, other outside paper 6 to 6 1 2 percent. Loans on call secured range 5 to 6 percent. New York funds discounted 17 to 10 cents on 1000. Weekly totals show strong clearings and rising reserves, with mixed results across national bank reports and several rail stocks trading. Market tone reflects cautious optimism despite long-term uncertainty.
MENTIONED IN THIS ARTICLE
Boston
New York
New York Clearing House
International Trust Company Transacts General Banking Business
International Trust Company reports it handles banking and trust operations for banks corporations and individuals. It states interest on deposits may be allowed under specific dates and terms and notes services including trust creation by will and exchange on London with transfers from John M. Graham president. New York stock sales show activity with 58 855 shares traded and listed prices for several issues.
MENTIONED IN THIS ARTICLE
London
New York
Superior Court Suffolk First Session January 7
The record notes the first session of the Superior Court in Suffolk County on January 7 presided by Judge Mason.
MENTIONED IN THIS ARTICLE
Suffolk County
Mason
Boston Market and Copper Trade Report From Financial Desk
The report details steady prices in various securities and a rise in copper exports with London rates firming for Chili bars. It notes 1,000,000 pounds exported recently, 600 tons freight engaged, and Lake copper sales in New York at 16.40 cash. It highlights Boston overinvestment concerns, praise for resilience, and expectations of improved conditions if Congress reduces surplus revenue.
MENTIONED IN THIS ARTICLE
Frenchman’s Bay
Aspinwall
Brookline
Boston
Penobscot Ae
Newport
American Bell
New England
New York Commercial Bulletin
London
Franklin Mining Company
Huron
New York
Bonanza
Congress Street
State Street
Santa Rita
Messrs. Cordley & Co
Congress
Middle States
Philadelphia
Jersey Central Company
Morgan
Corbin
Baltimore & Ohio
Joseph G. Martin
Mining and Miscellaneous Stocks by Wilson Fay Co
Wilson W Fay Co reports mining and miscellaneous stocks at No 7 State Street. Ex dividend status noted.
MENTIONED IN THIS ARTICLE
Wilson W. Fay & Co
Financial Market Roundup in New York Trade
Money on call remains easy with loans at 3 percent and bank reserves gain 2.27 million. Sterling exchange quotes hold, government bonds steady, railroad bonds dull, stock market opens weak but recovers to day’s best as large brokers buy. Reading stock remains firm amid narrow market with January rise touted by bull cliques.
MENTIONED IN THIS ARTICLE
Atchison
Atchison Gold
Bears
New York
Chicago
State Street
Union Pacific
Union
Northern Pacific
Oregon Railway and Navigation Company
Oregon Railway and Navigation
Oregon &Transcontinental Company
Financial Examiner of
Pacific Railroads Commission
Congress
Washington
Wisconsin Central
Wisconsin Central Line
Wisconsin Central & Milwaukee & Lake Winnebago Railroad
Wisconsin & Minnesota Railroad Company
Chicago, Wisconsin & Minnesota Railroad Company
Minnesota, ST. Croix & Wisconsin Railroad Company
Penokee Railroad Company
Prime Mercantile
Commission House
Sterling Exchange
W.S. Sansom & Co
Reading
Boston Suspender Company Declares 2 Percent Dividend
The Boston Suspender Company declares a quarterly dividend of 2 percent. January coupons of the Dakota Loan and Trust Company are now payable at Old State House, 210 Washington Street.
MENTIONED IN THIS ARTICLE
Boston Suspender
Dakota Loan and Trust Company
Old State House
Washington Street
London Markets Open With Easy Discount And Firm Tendency
London reports a week of easy discount at 2 119 with quiet stock exchange trading. Prices show a firm tendency as foreign securities strengthen on eased political tensions. English railway shares rise on favorable dividends and improving trade prospects. American railroad securities generally were steady.
MENTIONED IN THIS ARTICLE
London
Stock Exchange
Steady Investment in Higher-Grade Stocks Maintains Prices
In the market there was little action in speculative stocks but steady buying in higher quality shares kept prices firm. Investors focused on the better class of stocks, supporting overall market stability.
Court action over Boston draw in admiralty case
John G. Crowley sues City of Boston in federal court alleging damages to the schooner Henry 8 Culver after striking the Dover Street draw on Jan 20 1887 on passage to Old Colony railroad wharf. Libel cites improper draw width 36 feet and failure to repair and maintain. city denies admiralty jurisdiction and liability. Attorneys C I Russell Jr for libelant and T M Babson for respondent.
MENTIONED IN THIS ARTICLE
John G. Crowley
Boston
Admiralty
Henry 8. Culver
Dover Street
Old Colony
Boston South Bridge
C. I. Russell, Jr
T. M. Babson
Supreme Court Rescripts On Property, Gaslight Case
January rescripts discuss Commonwealth vs Francis J. McCarthy for a missile claim where evidence showed a billet of wood rather than a stone being thrown at a Cambridge horse car. Other matters include Granite National Bank vs Fitch and Moore and Franklin F. Patch vs City of Boston regarding notes, guarantors, and city taking damages.
MENTIONED IN THIS ARTICLE
Supreme Judicial Court For the
Commonwealth
Francis J. McCarthy
Superior Court
Middlesex County
Pearstreet
Cambridge
Cou T
A. J. Waterman
H. H. Winslow
Granite National Bank
Robert G. Fitch
K. G. Fitch
A. P. Moore
J. E. Moore
D. Alden
J. W. Bradbury
Fitch
A. P
R. D. Smith
M. M. Weston
Z. S. Arnold
Franklin Fr. Patch
City of
Boston
Somerset Street
Court House
Shree
Damages vs. Suffolk Brewing Co and mechanics lien case
The ruling overruled the petitioners exceptions on damages and set aside questions of street commissioner duties. A separate mechanic lien dispute upheld a certificate declaring ownership sufficient though misidentified, with the lien decree affirmed.
Foreclosure Sales Report and Rail Line Notes
A year of railroad foreclosures is summarized with December freight, including 43 locomotives and snow ploughs from Paterson shops. December shipments split among Rogers Cooke Grant works for Louisville & Nashville Union Pacific Central Pacific Chicago Milwaukee St Paul. Other items note Oregon Improvement preferred stock dividends, a Boston & Maine auditor honored with a watch, and Buffalo New York & Philadelphia railway results. The Pittsburg & Lake Erie meeting addresses passenger department audit and potential resignations amid an exoneration expectation.
MENTIONED IN THIS ARTICLE
Cleveland
Canton
Chicago, Burlington & Northern
Atlantic & Pacific
Kansas City
Springfield
Memphis
Fort Scott & Gulf
Atchison
Trust
Chicago, Kansas & Western
Leavenworth, Yopeka & Southwestern
Southern Kansas ‘Texas
Northern Pacific
Birmingham
Oregon
Consolidated Vermont
Eastern
New York
New England
Boston & Maine
Central Massachusetts
Boston
Fitchburg
San Diego
West
French Bay
GOD
Penobscot
Ponama i
Samsons
NOR YO Sivas
Boston Stock Exchange
Cail
Bonanza Aa
Boston & Montana
Calumet & Hecla
Franklin
Ironton
Osceola
Uiney
Tamarack
Sss
E. S
Land Companies
Agdinwel
Boston Tees
Brookline
Frenchman’s Bay
Aero
An Diego
West End
Cdicsss
Atch. Ist
Atlantic & Pac
Southern Incomes
Kan
Gvlf
Chi
Ft. Scott & Guilt
L. Rock & Smith
Central
Peaseas
N. Ngs
N. E
N.Y
N. KE
Oregon Short Line
QO & G
Champlain
Pueb. & Ark
Alley
Sonora
Southern Kansas
Southern Kansas Inc
Atch
Top. & Santa Fe
Atlantic & Neemsaseee
Boston & Allianeee Oo
Boston & Lowell
Boston & Providence
Chi., Burl. & Northern
Chi, Burl, & Quincy
California Southern
City
Clint
Hal . K
Spring
Maine
N. Y
New Eng
Og. & Lee
Old Colony
Rutland
Summit
Union Pacific Enee
Wisconsin Central
West End Railway
Bell Telephone
Ee Erie Telephone
Pulman Palace
Alt
T. i
At. & Pacific
Air L
Packie
Iowa
Central Pac
Ches
Ohio
D. Ewans
Cleye& Col
Col
H. V
del & H
Den
R. G. Iss del. & L
Erie
East Tenn
Fort Wayne
Houst
Texas
Harlem
Ill Central
Es B&w
Tex
Ee & St. Lee
Pacific
N.J. Cent
Nor
Ohio & Miss
Segon Ag
D.&t . Bory
Pittsburg
Reading
Rome
Roch. & Pitts Oe
Rock Island Iil Ae
St. L
St. Paul
St. P
Ae MB
Essebeck
Esse
Texas Pacific
Toledo & O. C
U. Pacific
Ces
Utica & B. Reee
St. O. & Peee Eee
National Bank of Republic
Cit National Bank
Oregon Im
Third National Bank
Pacific Mail
Market National Bank
Pullman Pal
Union
Tolyg Gay
National Bank
American Oil
Eliot National Bank
Exchange National Bank
Falls Manuf, Co
Amory Cs
M&bbs
Can
T&sfb
Atlantic Cotton Mills
N. W
Trans. S
A&p
West End Street
D.& RG
Little Rock & Ft. Smith Ie
KC P& M
McKay
Eaee
Boston Neue Co
Newport
Arie
Bonanza
Ceccesece
Marblehead
Osceoa
Boston Tow Boat Co
Eeewe Oe
McKay & Bigelow
Con
B& N
Vermont & Mass
N. P
K& W
Mont
Flint
Pierre Marg
Little Rock & Ft
Bond Scrip
Wila Fargo
Henshaw & CO
E- Mining Companis, Nor Pace
Second National Bank
Amador
Mono
Washington National Bank
Ak Oouss Best & B
N. Belle Isle
Atlantic National Bank
Brunswick
Ophir
City National Bank
Col. Coal
B& L
Bay State National Bank
Lawrence
Cou.Cal
Va. Bite
Cksilver
B&m Ee
Seereee
Deadwood T
G. Seb
Big Cal
York Manufacturing Co
el Cristo
Savage
B & Ain Cars
Lawrence Manufacturing Co
Eureka Seers Ae Ou
Csi Eae
Lowell Machine Shop
Ceecee Lao I Treasure
Nevada
Merrimack Manus’g Pte
Nel Hale & Nor
Massere OL Eh
H.C
Tenn. C.&t
Amory Mills
Slamestake
Manus’ eCo
Ewan
Pacific Mills
Boston & Lowell Railroad
Asee Ku Kc, Fis&g
Concord Railroad
Rutland RR
Uine
Burl
Union Pacific
Burton
West End Rypid
Nitehimadahe Gas Light Co
Paterson
N. J
Rogers Works
Louisville & Nashville
Cooke Works
Delaware & Lackawanna Road
Central Pacific
Grant Works
Chicago, Milwaukee & St. Paul
Oregon Improvement Company
Charles L. Stratton
Auditor’s Department
Boston & Maine Railroad
Northern Railroad
Boston & Maine Corporation
the Chronicle
Buffalo New York & Philadelphia Road
G. Clinton Gard
W. G. Oakman
Banking House of Smith, Oakman & Co
Richmond & Danville Railroad
Pittsburg & Lake Erie Railroad
Smith
Henry
Boot and Shoe Buyers listed for multiple firms
A fragment lists boot and shoe buyers with names and firms in various cities including Chicago Greensfelder Flor sheath Co, Charleston Jelenko Loeb, Decatur Downing, Deer Lodge Bonner, Los Angeles Jastrowitz, Nashville Hall, Selma Hall, Wilkes Barre Lowenstein, Washington Wilson, and Craw.
MENTIONED IN THIS ARTICLE
Boot and Shoe Buyers
Chicago
Greensfelder
Greensfelder, Florsheim & Co
Mantonya
Mantonya & Co
Charleston
Jelenko
Jelenko & Loeb
Decatur, Ill
George W Downing
Deer Lodge
Mon
L L. Bonner
E L
Bonner & Co
Hann
Ads
Nashville
Tenn
Hall
Hall & Co
Selma
Ala
T A Hall
Wilkesbarre
Penn
Also Mentioned on This Page
United States
Boston Post
St. Joseph
New Orleans
Worcester
Omaha
Providence
Syracuse
Grand Rapids
Wichita
Baltimore
Galveston
New Haven
Duluth
Post
York
Aston
An. Cy
Enver
Galves
Detroit
Clevel
Haven
Eorta
Lowell
New York Bank
Tesnane
New York City
California Southern Railroad Company
Centew York
Hiladelphia
Louis
Ponge
Francisco
Altimore
Cincinnati
Orleans
Ttsbur
Ansas
Nisville
Ilwaukee Be Paul
Ree Us
Ea Aa
Emphis
Lumbus
Artford
En Haven
Portland
Coria
Ringfield
Ichita
Tuortoin Ss
Proceree
Devonshire Street
Une
Henry L. Jewett
Sec’y
John M. Graham, Pres’t
Mining and Stock Exchange
Dan
St. P. Cons
Tex. Beg. Tr
Tex. P. RR
U, Pac
Isis
W. Shore
First Board
Ato
G Son
Union Paeatic
Eat Tee
Allouez Mining
Bronswick
Ee Een
Tee
Mesnard
St. Mary
Sear
Security
East Boston
Penobscot Bay Land
Lord Acoustic
Allouez
Pontiac
Arnold
Ypaban
Atuogs Inne
Ra Ric
Crvee
Souls
ile _ Bonanza
St. OF Ao Bowmant
Breece
Bruns
Minnesota
Mass. L
JO National
Ocean
Shattuck
Rand
Hersey
Thomas
Haldeman
Gof
Pesb Jonbs
Barry
Bergen
Osgood
Martin
Whitney
Ulmer
Homer
Cowan
Brown
Wilson
Pierce
Fletcher
Cummings
Gar
Chandler
den Cem’y
Fosdick
Bangs
Hadley
Chase v
Fuchs
Snow
Ryan
Sargent
Leitas
Burke
Hill
Same
Bonney v. Journal
Howard
Turner
Newspaper Co
Reed
Kattelle
Walters
Downing
Hartin
Sanborn
McGoligan
Bosahoney
Waldo
Watson
Hayes
McGilli
White
May
McLeod
Donohoe
Lyons
Townsend Nat. Bk
Jones
Berry
McClellan
Sanders
Carver
Kezar
Braman
Logan
Herrick
McPherson
Brigham
Buerk
Richard
Munro
Boston Gas
N. E. ‘Tel. & Tel. Co. Light Co
Lewis
Greenwood
Dodge
Tucker
Molineaux
Cross
Farrington
Talra
Sexton
Aia
Frost
Deane
Potter
Langley
Edwards
Merrill
Burnham
Rox
Gas
Aling
Clark
Light Co
Keegan
Partridge
Williams & CO
Glendon Iron Company
Brook Line
Seve
Clin
Ssring
Rich Hill RR
Jackson, Lans. & Sag
Lans. & Northern
Western
Elk. & O. Val
Fitchburg RR
Falls & Con
Elec
Manfe
Eesee Eevee
Lord Acoustia' Tél
Iis
Summit Branch RR
Catalpa
Gray’s Dynamo
Eeeeret
NEW York Financial
Foreign Financial Markets
California
San Francisco
Cal
Best & Belcher
Bay North Belle Tso
Potosi
Gould & Curry
Hale & Norcross
United States District Court
Nelson, J
Ronan
City of Lynn
Inhabi
Whelan
Mahoney
Lufkin Vitch
Danforth Tants
Peabody
Eaton Et al
Mes
Ciser Giouceste
Foster
Hutchins & Wheeler
Eula O'Shaughnessy
Suffolk Brewing Company
East Eighth Street
Cort
S. B. Allen
T. J. Barry
M. F. Dickinson, Jr
H. R. Bailey
Roderick McPhee
Catherine Broderick
Litchfield
Chelsea
McNamara
Broderick
T. J. Morrison
J. A. Maxwell
Chicago Railway Age
Utah Eastern
Utah
Des M.oscoela
Gaines
Playsville
N. G
L. A
See
Walden’s Ridge
Penn, Slat
N.J
Chattaroil
Ky. Fees
Y Northeens
St.Ne
St. He. Ft
Scott & Wich
Tik Dee
Ind
I . Oreesare
Denver ‘Circle
Pittsburg & Western
Sehaca & Rock
Ney
Alexandria
Ochee St. L
Ottumwa
Cedar Rapids
Gajeessesvacs
Perenneeeeenes Brook
Flatbush & Coney Island
Pih
Mt. Sterling
CN. G
North West
Orange City
Texas & Pacific
Martinsburg & Potomac
Ft. Scott & Wich
Cany
New River
CVO
Sewell
Cape Poidi
Southern
N. Es Ruthind
Montreal
Decatur
Covington & Macon
Chesapeake & Ohio
Ark
Louisiana
Scien
aWe
Los Angeles
Jastrowitz
L Harris & Co