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Newspaper

Boston Post

Location

Boston, Massachusetts, United States of America

Date

Jan 09, 1889

Page

6

Money Market Notes From Boston and New York

The Money Market reports little change with a 5 percent clearing house rate and 4% to 6% general time loans. New York exchanges rise 22.8 million year over year, while Chicago and western bonds soften. Water Power stock leads a strong land stock rally, with several Boston and Texas land shares advancing and Swampscott Land Trust assets detailed.

West End Aspinwall Boston Campobello East Boston Newport Penobscot Wollaston Woolston Street Brookline Maverick Cutler San Diego Swampscott Land Trust Barrett Street Swampsport Mass Messrs. Olmsted Treasury

Boston Listings Show Wide Range of Railroad and Bank Stocks

New York Stock Sales on January 8 report total volume of 149 500 shares with diverse holdings from Boston firms including Eel River RR Wainwright Mfg Co Manchester Mills and Arlington Mills. Major listings cover banks like Merchants National and Suffolk Bank along with railways such as Union Pacific and Atchison Topeka and Santa Fe reflecting varied investor activity.

Eel River RR Third Nat.bank Union Giasa Co Manchester Mills Armoskeag Mfg. Co First Nat. Bank Chelsea Mass Wainwright Mfg. Co Arlington Mills Revere Beach & Lynn RR Arkansas Val Town and Land Co Bunker Hill Cyclorama Co Boston Gas Light Co Brockton St. Ry. Co City of L and Tr. Co Kan St. Louis Western RR Wainwright Mfg Co Maerchants’ Nat. Bk Union Cotton Mfg. Co Fall River Airne Great Falls Mfg Atlantic Cotton Mills Hamilton Mix Manchester Mille Everett Mills Washinton Mills McKay Er Boston Belting Co Delaware Ima, Co Actip Union Pacific RR Boston August Belmont & Co Messrs Vermilye & Co New York Francis Fulton Ferry Fulton Street Brooklyn

Several Companies Declare Dividends Across Industries

The Maine Mortgage Loan Company declares a 4 percent dividend. Capital Fire Insurance of Concord NH issues a 6 percent dividend. B M C Durfee Safe Deposit Fall River 3 percent. Salem Electric Light 14 percent quarterly. Schuylkill Valley Navigation RR 2 percent. Mill Creek Minehill Navigation RR 5 percent. Mount Carbon Port Carbon RR 6 percent. Holyoke Westfield RR 2.42 percent. Boston Pier or Long Wharf 2 per share. Allen Gymnasium 2 percent. Milwaukee Lake Shore Western preferred 2.2 percent due February 15.

Maine Mortgage Loan Company Capital Fire Insurance Company Concord N. H B. M. C. Durfee Safe Deposit and Trust Company Fall River Salem Electric Light Company Schuylkill Valley Navigation and Railroad Company Mill Creek

New York Money Markets and Stock Movement Report

New York markets close dull and steady with Union Pacific showing weakness. Bonds remained active with gains across railroad issues while Gulf Colorado Santa Fe and Reading issues moved erratically amid February disbursement effects.

London Financial Markets Update

London and New York share drift of securities as Consols rise to 987 16 for money and 98 1 2 for account. Key rails and stocks including United States 4s 129 Atlantic & Great Western issues 344 6 current, Canadian Pacific 63 4, Erie 27 1 2, Illinois Central 118 Reading 24 New York Central 111 3. Open market discount for short bills remains 3 percent. bullion balance at Bank of England today tallies 12,000 pounds.

Neers Treasury H. Joy Charles A. Kidder Walter Burgess Boston Stock Exchange Boston & Montana Copper Calumet & Hecla Tamarack Atlantic Tamaracke Franklin Quincy Osceola Allouez Anaconda Copper Company Butte Silver Bow Anaconda F. W. Prescott Devonshire Street New York Boston Vanderbilt Western Union Northwest Lackawanna Oregon Navigation Union Pacific Northwestern Westexn Union Northern Pacific Preferred Reading Oregon London United States Atlantic & Great Western Canadian Pacific Erie Illinois Central St. Paul New York Central Sa Bank of England

Elections in Boston Banks Change Boards Across City

The Boston banks held annual directors meetings with many re elections. Several institutions added new directors including Hamilton National Bank and Manufacturers National Bank while others dropped or replaced members. Salem and Lynn banks also announced director selections and officer appointments as part of the day’s proceedings.

National Banks Boston Hamilton National Bank William A. Donald Hallowell & Coburn Stern Morris North National Bank Leander Beal Minot, Beal & Co L. 8. Jones Poor. Hutchinson National Bank George 8. Nichols Abram Shuman Otis Shepard H. Staples Potter John Wales Metropolitan National Bank of Boston W. O. Blaney Globe National Bank W. B. Stevens F. H. Story Horace H. Stevens Atlantic National Bank William Read RE. E. Rice Market National Bank Henry L. Millis Merchandise National Bank Charles A. Foster Atlas _ National _Bank Matthew Luce J. C. Spaulding George K. Guild M. D. Spaulding National City Bank George E. Mixter Arthur Burnham Shoe and Leather National Bank Frank Potter John Q. Henry Boston National Bank William A. Russell John C. Howe Cyrus Wakefield James H. Bouveé Silas Peirce Columbian National Bank Horatio Newhall Tremont National Bank Henry Endicott Ezra H. Baker Faneuil Hall National Bank F. Woodbridge Nathan Robbins Continental National Bank Oliver Ditson Commonwealth National Bank Francis A. Foster R. M. Pulsifer First National Bank Mortimer K. Mason Salem Asiatic National Bank Leonard B. Marrington James B. Gurwen Charles H. Tuttle Edward D. Ropes George Wheatland George F. Brown George H. Allen Alfred A. Mower Eben Sutton George E. Ives George H. Poor John H. Sutton Leverett Tuckerman Augustus §. Brown Mercantile National Bank Charles Harrington Oliver Thayer David Moore Ohn M. Anderson H. O. Flint John Kinsman Arthaw Robson Merchants’ National Bank James P. Cook Eresident William Northey E. Augustus Smmerton James Braden James F. Aimy James Dugan W. Currier National Exchange Bank Nathan Nichols Joseph I. Dane George W. Williams Joseph F. Walden Benjamin Shreve C.D. Becker Naumkenational Bank J. H Lynn National George E. Barnard Stephen F. Breed George A. Creighton Kk. Donallan Charles S. Fuller Willis W. George Charles Fk. Harwood John W. Healey W. Henry Hutchinson John Macnair Augustus Martin Charles RB. Oliver Henry B. Sprague Mark J. Worthley Amos F. Breed Charles Ff. Coffin William. Bassett John 5 Charles H. Newhall Aaron F. Smith National Security Benjamin F. Spinney Ulree . Johnson William F. Morgan Joseph N Mit James Phelan Martin H. Hood Samuel Hollis David J. Lord Fann River

National banks elect directors in multiple communities

Meeting reports list directors for Fall River National Guilford and Pocassett National with names such as Hathaway Slade Borden and Turner. First National Bratton Morton Brayton and others chosen. Second National includes Lincoln Fisher Holmes and Prentiss. Orange National Bank held an annual meeting naming G A Whipple president and other officers. Danvers First National Bank elected Tapley president and other directors.

National Banks Fall River National Guilford H. Hathaway John P. Slade Richard B. Borden Henry 5Enner Ferdinand H. Gifford Herbert Field Charles I. Porter Philip H. Borden Wendell Turner Pocassett National Weaver Osborn John C. Milne Lloyd Earl Nathan Read F. H. Stafford Joseph Healy K. E. Hathaway First National Johns Brayton H. A. Brayton David A. Brayton, Jr James M. Morton Tomas E. Brayton Edward L. Anthony Andrew Borden Second National Leontine Lincoln Charles E. Fisher Albert Winslow Charles J. Holmes Arnold B. Sanford Cyrus C. Rounseville Junius P. Prentiss B. M.G. Durfee Edwin Mudge John R. Langley C. H. Ue W. M. Currier A. 8S. Richards R. K

Business Troubles Hit Chicopee Falls Tool Works

The B and J W Belcher Agricultural Tool Works at Chicopee Falls shut down pending a financial status investigation. Twenty workers were employed seasonally. Poor management by junior partner B W Belcher blamed. senior J W Belcher remains hardworking. Banks hold secured positions. creditors unlikely to lose. Also creditors of John C Grouse Boston received 17 cents on the dollar. liabilities 15 500, assets 2700. Suffolk Market Boston seeks 15 cents on the dollar compromise.

B. &. J. W. Belcher Agricultural Tool Works Chicopee Falls B. W. Belcher J. W. Belcher John C. Grouse Charles Street Boston Worcester & Rockwood Suffolk Market

Cape Cod Travellers Hold Annual Meeting at Revere House

The Cape Cod Commercial Travellers Association held its annual meeting and banquet at the Revere House yesterday afternoon with about sixty-five members and guests. Officers elected for the coming year include President George M. Carpenter and Vice President Josiah F. Knowles, with Frank W. Sisson as secretary and Andrew Hawes as treasurer, alongside an executive committee including J. L. Richards and W. R. Lapham among others.

Cape Cod Josiah IF. Knowles Providence Frank W. Sisson Ew Bedford Andrew Hawes Oston E. E. Stevenson Boston A. W. Thompson Middleboro J. L. Richards W.C. Hardy George T. Basset Harwich C. A. Belcher W. R. Lapham Harry Collier

Farm School for Indigent Boys Holds Annual Meeting

The Asylum and Farm School for Indigent Boys reported 100 boys housed, 26 new admissions, 18 discharged with six placed in approved races and twelve returned to their heads. The shoe shop opened in fall is thriving and officers were elected including President Charles P. Bowditch and Vice President Samuel Eliot.

Asylum and Farm School State Street C. H. Bradley Charles P. Bowditch Samuel Eliot Alfred Bowditch George D. Deblois Eben Bacon Arthur Dexter George A. Gardner Robert H. Gardiner Henry

Men Who Made Cider Elect Massachusetts Association Officers

At the annual meeting of the Fruit Growers Cider and Cider Vinegar Makers Association of Massachusetts held at Ploughman Hall in this city, officers were elected and directed to seek legislative support for fruit growing and cider industries. E. M. Holbrook of Sherborn was named president and others filling key roles include vice president Charles Lacroix Millis secretary E F Dickenson Billerica treasurer E F Gerry Lynnfield with a board of directors named. The group also urged lawmakers to give consideration to fruit growing and cider manufacturing interests.

Home for Aged Couples Holds Annual Meeting

The Home for Aged Couples corporation met in Park Street Church vestry with President Elizabeth A. Carleton presiding. Finances showed a year-end balance of 2012 after 7506 in receipts and 5494 in expenditures. debt-free with property valued at 45907 and 590 current members. Trustees were elected and a new Walnut avenue building was proposed when finances allow.

Corporation of the Home For Aged Couples Park Street Elizabeth A. Carleton Carleton Walnut Avenue M.D. Spreedent J. Hamilton Farrar Jonas Fitch G. W. Richardson Hiram Emery Nathaniel Brown J. 8. Nickerson William B. Tilton J. W. Smith Oliver Ames Erastus B. Badger A. D. Morse M. F. Dickinson J. G. Ingersoll J. H. Wetherell John C. Haynes H. A. Ewing H. ©. Whitcomb W. P. Clark John Foster Philip 8. Moxom George H. Young

Boot and Shoe Buyers in Town

A list of buyers from multiple cities including Binghamton Columbus Columbia Lebanon and St Louis with names and firms such as Lester & Co Cohen & Bro Durland Thompson Jick Dougall Moore Parrish Williams and Lowenstein. The clipping reads as a circulated notice of merchants and agents visiting or operating from various states.

Binghamton M Brown Lester & Co Columbus A Ramafelder Columbia Penn S Cohen Cohen & Bro Py Cone Penn Durland Thompson Lebanon Penn-M Cohen S Cohan & Bro Jick Dougall E G Moore & Jo St Louis H Smith

Commercial Matters in Commodity Markets Report

Commodity notes show mixed activity with several staples steady or firm. Oats and oatmeal rise while eggs and meat items pause. fruits like oranges show fair demand and apples slow. sugars and molasses remain quiet with tallow firm.

James and Abbot Lumber Market Steady with Broad Demand

The lumber market shows steady conditions with ample supply and fair movement at yards. Eastern mills shut, Northern mills busy, pennsylvania hemlock in demand, and hardwoods steady though select cherry scarce. various timber products priced across regions and categories.

Umber Jumber Pennsylvania Canada Indiana Vetern Zusual Yard

Grain Market Summary from Chicago and New York

Chicago reports firm wheat values with foreign buyers on breaks and a weakening cold wave that failed to arrive. A key operator reduced holdings after high prices, while corn remains dull yet firm and selling slows. NY closing grain futures prices follow understated moves and range-bound activity.

Chicago Farnum, Reardon & Co Williams & Co Maren Cose & Wees New York

Also Mentioned on This Page

Reichsmarks Hursday Atchison Texas & Pacific Kansas & Texas Atchison Company Atchison’s Gulf Road Burlington & Quincey Mexican Central Chicago, Burlington & Northern Chicago & West Michigan Cincinnati, Sandusky & Cleveland Atlantic & Pacific Ee Flint & Pere Marquette Common Flint & Pere Marquette Railroad Leen Boston News Bureau Eastern New England Common Old Colony Fitchburg Central Massachusetts Boston & Maine Wisconsin Sonora Birmingham Kansas R. A. Dewman R. Hayward Blake Brothers &Co Hayward Townsend W. & Townsend Great Falls Arkansas Own and Land Co Mfg Lansing & No. RR Topers & So Western BR Smith RR Scrip Ft. Smith RR. Co. Scrip Taunton N. Bk Bristol Co. N. Bk Adm N. Revere Bank Merchants’ N. Bank Do Mercantile N. Bank Conn. River RR. Co Atlantic Cotton Iills Boston Athenasum Lawrence Mfg Great Falls Mfg. Co Merrimack Mfg Continental Wills Old Boston N. Bank Suffolk N. Kank Mercantile Marine Ins. Co Newmarket Mfg Union Pacific, Lincoln Colorado Kansas City Lawrence Gonnees Suffolk, Bank Jacksve LU Consolidated RR Sugar Refineries Co Col Springfield & Cin. RR Portland Portsmouth Globe NI. Bank Old Colony RR. Co Boston Tow Boat Co Leavenworth, Top. & So. Western RR Atch Guar N. Eagle Bank Ign Ney Santa Fe Mining T &S B& N Cbs Q Conn & P Rivecy F&rm Ny&ne Cal Trust Do Trust Settee Ee Fts & M Hell Lamson SS Aspinwall Land Cutler Eee E. FE Et Hoston Frenchman’s Bay Lamoine Land Searee Sullivan Harbor West Kn Wollaston Land Huron National Jamaracs Maine Ny&n Arnold Wee Bonanza Devel’ Tees Mont Oseve Hutte & Boston Cal Hecla Siscoees Catalpa Huron Eee - Ironton KeEarsarge Eseveee Eevewee Tl Pew Pa Juiney Ailasack Odd Eekly Land Companies Boothbay W.P Oylkston Street Caimpobello Bay Lanwoine Payson Sete Vetere Wee Winthrop L. G At. & Pac B. & Doinc LOL & MO Gene Tee Chi Kan. & W Tal. Do. Inc Ween C. & W. Mich Elk H Central Go Inc LOOR Nor. Pac Nape DO. Lh L. C Rutland Senee Southern Kan Cove Sondra Loeter Si. Jo G. L Union News S. F Atéh Csessee Boston & Aildany BOLLS Boston & Lowell Boston & Maines Hoston & Prov Southern Rene Dees Wes Ews A al Rokers Board Col. Sp Clim Ain Bell Fitebourg Flint & P.M Brees Ron Nhl Ae K. C Og & L Chum Gon Enee K. C Mem Eer Eve Law& Fos St. Linn Cs Ceaapaanes Ae Asplitwall Land Boston Land Ibrookline Land Eiveewan Summolt Istangh Union Paeific Wisconugin Central Maverik Land Sae Bell Cs Ta Cave SoCo Bee Welaston Tropica Enema Eastman Lamson Settee Miscellaneous Stock Exchange Wilson W. Fay & Co Burton Stock Eastman Car Thomson-Houston Elec Crescent Penobscot Bay Land Pacifie Blore Glen Air Line Ig & Pr C. T N. Ceer Central Iowa Central Pacific Ohio del. & L Seere Fort Wayne Hocking Valley Houston & Texas Uorts Bh Tex Lake Shore Wai Loig Island Et Lou Man IGN Comtal Ing. Ng Hesex Nash N. J Bois Northweat N. J. Cent Booys Orne Pittsburg W. P Ock Island St. L Bion Eeee Ag St. Pala St. P. Me &Miscevs Teese Pacific Bolg Tol U0 Pacific Utica & BR Ess Pacific Mail Pullman Pal W. Union American N.W Cen. P. Ists Trans.s Tdia St. L St. P. Oe St P Py& T. Sus Ae Union N. J. C. Int PRG N. Pac U. P. Ists N. W W. Shore Adams Reeses Wells Fargo Amador Mutuals.& M Sss Ontario Chollar Ophir del Monte Union Exchequer United Cop’r Elevated Railway GO First Mortgage American Exchange National Bank NEW York Financial Prime Mercantile Sterling Exchange Chesapeake & Ohio Union Wacific Richmond & Alleghany Belleville & South Ilinois Wabash Great Western Chicago & Indiana Coal Gulf, Colorado & Santa Fe Foreign Financial Markets J. E. Carter & CO Bankers & Commission Washington Boston Menor James & Abbot Liberty Square Heribree Oak Congress Street Kire Street Congress Square Quincy House Lynn Morner’s Grain and LL Marin
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