Money Market Quiet as Rates Stand Unchanged
The money market remains quiet and easy with Clear 4 0ase rates at 2.4 percent, unchanged from last year. Time loans range 4% to 6% while collateral loans on call run from 3 44 to 5% per month, and New York Clearing House balances show an easy 2 per cent.
MENTIONED IN THIS ARTICLE
New York
M ‘le
New York Clearing House
Glearings
Eek
Fc Iveek
Ances
Reek
Fc Hie
Dan
Peoria
Indianalis
Detroit
Denver
Lowell
Louisville
Wichita
Baltimore
Galveston
Cleveland
Worcester
Memphis
Boston
St. Paul
Duluth
Regional Rail Dividend Declarations and Cash Closings
The New York, Providence and Boston Railroad declares a quarterly dividend of 24 cents per share payable February 10. The New York and Perry Coal and Iron Company declares a quarterly dividend of 1 percent payable February 10. Books close January 30 and reopen February 1. The South Boston Gas Light Company declares a semiannual dividend of 4 percent.
MENTIONED IN THIS ARTICLE
New York, Providence & Boston Railroad Company
New York & Perry Coal and Iron Company
South Boston Gas Light Company
Mortgage statements offered in New York Boston Chicago and London
The undersigned confirm the statements after expert examination and offer the issue simultaneously in New York Boston Chicago and London. Copies of the mortgage and supporting documents are open for inspection at our respective offices.
MENTIONED IN THIS ARTICLE
New York
Boston
Chicago
London
Railroad Gauge Change and Stock Conversions Realign Finances
The report notes an estimated value of 1.5 million for converted preferred stock and a road actual cost of 7.2 million plus proceeds from new issue. Ten months revenue ended November 1, 1887 totaled 311,479 with operating expenses 221,487, including 22,500 for gauge change prep, yielding a net return around 11,100 monthly.
Change of gauge interchanges years of rail traffic gains
The article outlines extensive anticipated benefits from gauge change including yearly earnings from local business of 133000 and a prior 22500 plus about 150000 spent in three years on interchanges. It lists interchanges at Cleveland, Kent, Canton, Navarre, Coshocton, and Zanesville linking many railroads, with bonds to be listed on major exchanges and daily updated quotations from Boston exchanges.
MENTIONED IN THIS ARTICLE
Cleveland
NEW York, Chicago & ST. Louis
NEW York, Pennsylvania & Onto
Cleveland & Pittsburg
Lake Shore & Michigan Southern
Kent
York, Pennsylvania & Ohio Railroad
Pittsburg & Western Railroad
Canton
Prrrseune, Fort Wayne & Chicago
Navarre
Ceeveran
Lorain & Wheeling
Wheeling & Lake Erle
Coshocton
IHE
Coshocton & Southern
Zanesville
ZEUS
Baltimore & Ohio System
Financial markets report United States bonds and London prices
London trading shows US 4s at 129½ and 4¼s at 110½, Atlantic & Great Western bonds quoted, Canadian Pacific at 60, Erie at 29¾, Illinois Central 123, St Paul 118¾, New York Central 111, Pennsylvania 66½, and Reading 33. Money rate 2% set. bullion withdrawn £37,000. discount steady at 1 1/2 to 2 per cent. New York stock sales total 127,472 shares with bonds and rails showing mixed moves amid cautious optimism from cable quotes.
MENTIONED IN THIS ARTICLE
Clearing House
New York
Boston
Wichita
St. Paul
Kansas City
Arnnibe
Newark
Lincoln National Bank
Shoe and Leather National Bank
Merchants’ National Bank
Eagle National Bank
Blackstone National Bank
National Bank of North America
Old Lowell National Bank
Pemigewasset National Bank
N.H
Cambridgeport
Old Colony BR
Erie Telephone & Teie
Boston Tow Boat Co
Charlestown Gaslight Co
Cincinnati
Atch
Mt. Wollaston Natl. Bank
Quincy
Eagie National Bank
Everett Mills
Ee S
Amoskeag Mig. Co
Dwight Mills
Gee Ieeees
Boott
Boston & Providence RR
Portland, Saco & Portsmouth
United States Hotel
IF. & M. Ins. Co
Pepperell Mig. Co
Cocheco Mig. Co
Otis Manufacturing Co
BO Cordis Mills
Lyman Mills
Androscoggin Mills
Great Falls Mtg. Co
N. H
Peppereil Bh CO
Lancaster Mills
Hamilton Woollen Mills
Old Peeree? Railroad
C.esess Ave
Peas Cesseus
Nashua & Lowell RR
Worcester, Nashua & Roch. RR
London
United States
Atlantic & Great Western
Canadian Pacific
Erie
Linois Central
St.Paul Common
New York Central
Pennsylvania
Reading
Bank of England
Stock Exchange
Abe Pacific
Air L. Pref
Eevee
R. B
C. R
Pacific
Central Iowa
Central Pac
Ches
Ohio
Sea
Chi
Alton
St. L
Etc
Cin. H. & de Ikciences
Cleve
Eee
Boion Col
del. & L
Den
R. Ge
Fort Wayne
Hlousten & Vexas
Sees
Ls Kan & Tex
Shore
Long Island
Lou
N.A
Man
Beach
Central
Wii
T. L
Bho
M. & Essex
Seee
Nash
Chat
Ae NJ
N.& W. Pret
Pace
Noes Pac
Sash Am
N.Y
N.E
West
Oregon
Pittsburg
Rome
Roch
Bites
Rene Twee
Serene
New York Financial Markets Close Mixed After London Selling
Money on call easy at 3 percent with last loan 3. Prime mercantile paper at 5 to 7 percent. Sterling dull. Government bonds steady to firm. railroad bonds active. Stock market unsettled early on Reading and Erie sales by London, later aided by buying of Lackawanna Missouri Pacific and Northwest for a sharp advance. Bank reserves rose by 2.34 million boosting sentiment. Closing figures irregular with Jersey Central con sols up to 117 1 2, Kansas Texas 5s at 61 1 2, Northern Pacific trust receipts at 79 1 2, Shenandoah Valley receipts at 36 1 4. Lower marks included Burlington Cedar Rapids firsts down 1 2 to 16, Long Dock down 1 1 2 to 111.
MENTIONED IN THIS ARTICLE
Messrs. Cordley & Co
Union Pacific
Chicago
Burlington & Quincy
Wabash
Missouri Pacific
Atchison
Manitoba
Atchison Company
Rock Island
Wall Street
Perkins
Chicago, Burlington & Quincy
Fort Madison
Wall Street News
Denver
Cheyenne
Southwestern Division
Chicago, Burlington & Northern
West End Railway
California Southern
California
Government
Southern Pacific Company
Kansas City
Memphis
Birmingham
Fort Scott & Gulf
Springfield
Clinton
New York
Prime Mercantile Paper
Barsilver
Sterling Exchange
Reading
Erie
Lackawanna
Northwest
Burlington & Quincy Nebraska
Jersey Central
Kansas & Texas
Northern Pacific Trust
Shenandoah Valley General Trust
Burlington
Cedar Raids
Northern Firsts
Long Dock Walat
Temperance meeting draws large crowd at People's Church
The Silver Lake male quartet headlined a temperance event at People's Church led by Mr. J. H. Roberts. Rev. C. H. Mead and Rev. J. D. Tucker spoke on intemperance as a foe and its ties to religious and political questions. Father Hutchinson praised the quartet before singing and the gathering adjourned.
MENTIONED IN THIS ARTICLE
Silver Lake
People’s Church
J. H. Roberts
Hutchinson
C. H. Mead
J. D. Tucker
Jesus Christ
John W. Hutchinson
Father Hutchinson
Recent Customs Decisions Highlight Dutiable Imports
Treasury Department rulings this week classify several items as dutiable. Oil of geranium falls under essential oils at 25 percent ad valorem. Iron wire bottle coverings incur schedule C duties plus 2 cents per pound. Mechanical trumpeters priced as toys face 35 percent ad valorem. Bent steel bars used as steel angles are taxed at 11.4 cents per pound. Revalenta Arabica food for invalids and infants is listed as a proprietary preparation at 50 percent ad valorem.
MENTIONED IN THIS ARTICLE
Treasury Department
T. L
Andes
du Barry
Columbus Avenue Church Reopens After Remodeling
The Columbus Avenue Universalist Church reopened crowded with sister churches offering congratulations. The remodeled edifice features frescoes and two central chandeliers, improving acoustics so whispers carry throughout. The evening include organ music, readings, prayers, and brief congratulatory addresses from Rev. J P Coddington and others.
MENTIONED IN THIS ARTICLE
Columbus Avenue
J. P. Coddington
J. Jd. Lewis
Miner
J. M. Pullman
Charles Follen Lee
Charlestown
George Lander Perin
C. W. Biddle
D.D
Garden vegetables discussed at Horticultural Society meeting
Mr M B Faxon spoke on land preparation and vegetables suited to the growing season from early spring to late fall. A discussion followed with W D Philbrick S A Hall W W Rawson George A Tapley Mrs H L T Walcott and Prof J J H Gregory taking part. William Endicott highlighted a new French tuber strachys attinis exhibited on the library tables.
MENTIONED IN THIS ARTICLE
M. B. Faxon
Horticultural Society
W. D. Philbrick
S. A. Hall
W. W. Rawson
George A. Tapley
H. L. T. Walcott
J. J. H. Gregory
William Endicott
Boot and Shoe Buyers in Major Cities Listed
A tall list from Augusta to Washington names buyers and firms in the shoe trade. Notables include W J Rooney of W J Rooney & Co Craw Baltimore G W RK George Grattan Mitchell & Co Lobe Mabley & Carew and many others such as Weller Payne Hudson Clements Desnoyers Sho Company and Hahn & Co.
MENTIONED IN THIS ARTICLE
Augusta
J Rooney
W J Rooney & Co Craw
Baltimore
J, Falle; & Co
Art Louis
W Todd
Woolman-Todd Boo and
A' Shoe Company
Rosa Louis
C J Price
J H Clements
St Louis
G W Brown
Brown-Desnoyers' Sho Company
Also Mentioned on This Page
St. Is
San Francisco
New Orleans
Savannah
Charleston
Messrs
Rollins Morse & Bro
Drexel, Morgan & Co
Loring ‘ Riwold
West Randolph
A. Kenn i, Co
N. Y
Franklin $A Sings Bank
Tou Adama
Ko Igett & Co
RR. L. Day & Co
Franklin Sevings Institution
Greenfield
Woodbwy & Moulton
Ear Iseraaid
Geo. Berna - Co
Blake Bos, & Co
Brewster
Jobb
Scvsveces
Chase & Barstow
E. Rollins Morse & Bro
Reichsmarks
Wek
Treasury
Yark City
le Vpes Mobo
Boston Post
Piaese
Wisconsin Central
Wisconsin Central Associated
Summit Branch Company
Philadelphia
Boston & Lowell
New Hampshire
Iowell
Concord
Boston & Maine
New England
Boston & Providence
Old Colony
Kansas & Western
Atlantic & Pacific
Chicago, Burlington & Quincy Plains
New York Commercial Bulletin
San Diego
Frenchman’s Bay
Wollaston
Lamb
West End
Newport
Bell Telephone
St. Clair & Sinalae Telephone Company
Bell Company
St. Clair Company
Bell Instruments
Erie Telephone
Charles Glidden
O Cordley & Co
Erie Telephone Company
Lamoine & Mt. Desert Land Company
John C. Winterbotham
Hermann Grundell
San Francis
Nvapolis
Easton
Side
N. York
St. Louis
N.o''ns
Pittsb'rg
Omaha
Milne’s
Hartt
Norfolk
D. Jslass St. JO
Devonshire Street
Appomattox Go
Petersburg
Upper Appomattox Co
Massachusetts
Bankers
Congress Street
Messrs, Winslow, Lanier & Co., Messrs, Spencer, Trask & CO
City of
Rans
C. H. Venner & Co
Irving A. Evans & Co
STATE
Boston, Mass
Coffin & Stanton
K Wald ST
Municipal Investment Co
First National Bank Building
Chicago, Ill
Gresham House
London, E
Sherodsville
Charce
F.H. Prince & CO
State St
Williams & CO
Boston Stock Exchange
O Metropolitan National Bank
Atlas National Bank
Brokers
Con Vts
American Bell Tel
French Bay
Cal & Hec
Dunkin
Franklin
Tamarack
T&s
Fs&g
M& B
Sp & M
Ives
Y&ne
M. A
KR & W
M& Bis
Ny&ne
Pueb & Ark
Erie Tel
Lamson
Am Bell
E Tamarack
B& le
A&p
Fitchbur
KC M& B
Bonanza Development
Boston & Montana
Calumet & Hecla
Lonton
Osceola
Aspinwall
Eenee
Brookline
Frenchman's Bay
Eerie
U SL
Ee Atlantic & Pac
Ee Atlantic & Pac, Inc
Cal
Kan
West. Inc
K. C
Ft. Scott & Gulf
L. Rock & Ft. Smith
Central Inc
Scrip
N. E. Ga
LILY
Og. & U, Champlain
Pueb. & Ark
Sonora
Southern Kansas
Southern
Top
Santa Fe
Boston & Albany
Eae
Chi, Burl
Dé Northern
GOL, Chi, Burl. & Quincy
Central of Mass
Cin
Lund, & Cleveland
Cleveland & Canton
Eastern
Fitchburg
Flint & Vere
Marquette
Flint & Pere Marq
K. City
Scott & Gulf
Clint. &S
My K. City
Spring. & M
Maine
Am. Bell Telephone
New Eng
Éeoe
Soi Amson Store Nerv. Co
Liu Palace Car
Wilson W. Fay & Co
State Street
Burton
Ceeereens
Eastman
Elec
Manfy
Eseaceees
Baghtey Sobek
Aman Svasnens
BOD Oden
Oer
Ela
Foreign Financial Markets
Yosuerumy
Can. So
Cen. P
BR. G
G. W. Truss
T. G
M. M
Ean
M. Union
N.J.C
N. P
LOBY
O. & Trans
N. W
8. F. Si Micsvins
St. P
P. & C. Sata
P. L.G
UY. Pec
Tex. P. R G. Ty
IU. Pac. Ists
W. Shore
Est. Inc
Ant
Aig Bot
Sei
Toledo
0.C
U. Pacific
Bova Utica & B. One
Ene
Sewer Etree
Aece
Weiss
Pacific Mail
Ewer
Ewe Pullman Pal
W Union
Enve Tis
American Oil
Adams
U. S
American
Wells Fargo
Amador
Horn Silver
Best & B
Bodie
Brunswick
Ontario
Sebastian
Con
Santiago
Crown Point
S. Nevada
Housatonic Railroad
Housatonic RR
Connecticut
Rairoad
NEW York Financial
Temperance Services
Silver Lake Quartet
Boot and Shoe Buyers