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This newspaper page contains 12 articles. Subscribers can read the full text of each article.

Newspaper

Boston Post

Location

Boston, Massachusetts, United States of America

Date

Jul 02, 1889

Page

6

Money Market and Stock Market Summary of Boston and New York

The Money Market opens quiet and firm with the clearing house rate at 3 percent and time loans from 3 4 to 5 percent. New York funds sell at 10.15 per 1000 discount. Boston and New York exchanges show gains and losses versus last year with bank reserves improving in Boston. Stocks show activity with San Diego Land and Sugar Trust leading gains, Atchison slipping while C B Q seeks new listings. Union Pacific steady, Detroit Lansing and Northern debt moves, Sugar Trusts climb amid bullish sentiment and wider margins.

Boston Clearing House New York Salem Blake Bros. & Co Chicago St. Louis San Francisco Telegraph New Orleans Bank Charleston Savannah Treasury Department Secretary of the Treasury Ranes Frances Reichsmarks San Diego Strong California The Atchison Chicago, Kansas & Western Chicago, Burlington & Quincy New York Board Micago Burlington & Northern Hamblin St. Paul Northwest Ranger Roads Vicehae Cede Harris Harris St. John Just Union Pacific Gardner M. Lane Idaho Washington Territory Oregon Detroit, Lansing & Northern Preferred Second National Bank Loaia & Lansing First Detroit, Lansing & Northern Company New England Boston & Albany Fitchburg New York, New Haven & Hartford Railroad Mexican Central Wade Mexico Boston Water Power New York House Brokers’ Board Sic Bell Tel T&s F Coltr Ae Cc Lattle Rock & Ft Louis Ev & St L FWC Aim Bel Tel Erie She Lamson S Sioux City Sige Yards Frenchman’s Bay Land Lenox & Stockbridge West End Topeka Bonanza Mining VBL Butte & Loston Mont Mining Seeee Osceola Quincy Mining Host Bost & Sin ’ Steer A. T&s Chi & W Det Lans & No Kkitchburg F & Pere Mar Aera M Ny&n B& N Jiell Tel Ee Erie Lamson Wollaston Land Ane Cal & Hec Bb & Mont Mining Osceoa Mining Cess Santa FO Ceeetees At & Pac Sete S&s Bivess Ee Bost & Albany Bost & Me Oly, Cin, San & Clev C&w Flint «& Pers Mar FIS& A Wis Bos van Ee Mt Desert & East Land Ilinois Steel Ewer Lys Ess Thom-Houst Westinghouse Aie

Multiple New England Banks Declare Semiannual Dividends

A batch of regional financials shows First National Bank Northampton Gloucester and Water town declaring 3 4 and 5 percent dividends respectively. Other institutions including Hamilton Manufacturing Brookline Gaslight Odd Fellows Hall American Loan Trust New Hampshire Fire Insurance Masgaspit National Bank Pocasset National Bank Metacomet National Bank Bedford Safe Deposit Paterson Ramapo Providence Washington and Real Estate & Building announce various cash or stock dividends with payment dates in July.

First National Bank Northampton Mass First National Bank of Gloucester Union Market National Bank of Watertown Hamilton Manufacturing Company Brookline Gaslight Company Odd Fellows’ Hall Association American Loan & Trust Company Omaha Boston Northwestern Guaranty Loan Company New Hampshire Fire Insurance Company Masgaspit National Bank Fall River Pocasset National Bank The Real Estate & Building Company

Brewster Cobb Estabrook Bankers Investment Securities List

Brewster Cobb and Estabrook Bankers publish their July list of recommended investment securities. The compilation highlights securities favored by the firm for current portfolios and offers guidance on suitability for clients seeking growth and income.

Financial market notes from London and New York

Foreign financial reports list U S government securities with varied yields, Atlantic & Great Western and Erie issues trading near par, Mexican and Canadian stocks quoted with fractions, St Paul and New York Central markers, and ex dividends. Paris money market shows 3 percent rentes at 84.40 francs, bullion bullion out of Bank of England today totals £184,000.

London United States Atlantic & Great Western Canadian Pacific Erie St. Paul New York Central Pennsylvania Reading Mexican Central News Paris Bank of England

New York Financial Summary Markets End Dull Yet Firm

Money on call remained easy at 4 to 5 with last loan at 4 and closing 4. Prime mercantile paper at 4 5 percent. Bar silver at 91 4. Sterling exchange steady with 60 day bills at 4.86 and demand at 4.884. Government and railroad bonds steady while stock market shows dull activity after noon. Ohio Southern strength and St Paul slight gains amid overall quiet close. Chesapeake & Ohio and other rail bonds contribute to the day’s modest sales and mixed price moves.

New York Prime Mercantile Sterling Exchange Dulness Ohio Southern St. Paul Leach Atchison and St. Paul South Pacific Chesapeake & Ohio Chesapeake Ohio Chicago & East Illinois Rocking Valley Lorris & & Essex Lake Shore New Jersey Midland Duluth & Manitoba Baltimore & Ohio Gold

Railroad matters and new incorporation in Alabama

The Fort Payne Guntersville and Chattanooga Railroad Co filed articles of incorporation under a special Alabama charter. A nine-member board was elected led by P. Rice as president and J. W. Spaulding as vice president. Route planned from east of Fort Payne to near Guntersville, about seventy miles with favorable grades and rich farming and mining lands. Fort Payne gains direct east west rail access, supplementing existing north south links on the Queen City Crescent. Also notes receiver Malott’s statement on Chicago and Atlantic debts, Wason Manufacturing awarded Chilean car contracts, and Louisville & Nashville and Richmond & Danville earnings reports and traffic figures.

Fort Payne, Guntersville & Chattanooga Railroad Company Alabama Willian Warner M. C O. I. Dean E. E. Parker Kansas City Henry C. Ne Cordley & Co Boston P. Rice J. W. Spaulding L. A. Dobbs J. M. Ford QO. Godfrey F. H. Tobey Fort Payne East Tennessee, Virginia & Georgia Midway Guntersville Tennessee River Rice Colonel Spaulding Godfrey New England Cincinnati New Orleans

Commercial Goods Market Summary

Dry goods are steady while flour strengthens and corn remains firm. Oats, graham, cornmeal, and cottonseed meal show stability. malt and hops stay dull or very quiet. Butter, cheese, eggs, beans, and meats vary mildly. fruits demand steady or better, with oranges in strong demand and molasses very firm.

Graham

Print cloth market stalls at 315-16c in Fall River

Fall River market remains quiet and steady with cloth at 315 to 316 cents per yard for 64x64s. Manufacturers show reluctance to sell at current offered prices, dampening business and demand.

Fall River

Boot and Shoe Buyers

Chicago, Milwaukee, Greensfelder of Greensfelder Rheim & Co. Jacoby of Jacoby Bros. Wolfson of Wolfson. Vimont of Clark Shoe Co. Smith of Smith Simmons & Pe. St Louis and San Antonio purchasers listed among buyers in this regional sourcing snippet.

Boot and Chicaco Greensfelder Greensfelder, Rheim & Go Los Angeles Cal O Jacoby Jacoby Bros Spehaes Ery Se Hann San Antonio Tex L Woifson St Louis J M Vimont Clark Shoe Blo

Wool Sales in London See Mixed Demand and Quiet Attendance

At the London wool sales July 1 there was lower attendance but steady demand and full rates. New Zealand wool rose slightly with ample greasies. foreign houses active while home buyers took the finest grades. Total 15,172 bales offered, 7,000 withdrawals. sales from Victoria New South Wales Queensland South Australia Swan River New Zealand Tasmania noted with price ranges in scoured and greasy lots.

London New Zealand Victoria New South Wales Queensland South Australia Swan River Tasmania

Quiet Dry Goods Trade Reflects Seasonal Calm

A sanitized 19th century market summary notes a quiet period for dry goods sellers as woollen and cotton goods pricing shifts unfold. Wool goods face higher costs and cautious demand, with expected light-weight offerings holding steady while heavier weights may rise next season. Demand remains modest for cotton textiles, with firm prices on cotton flannels and steady to improved activity in the job trade. Providence and Fall River outputs anticipate steady production, while some manufacturers expect price movements to balance raw material costs.

Universal Atereal Tian- Sis CIS Providence Fall River

Wheat market slides amid sparse cash demand and heavy selling

The Chicago grain market faces weak cash demand as July wheat futures retreat. Dealers report small premiums and nervous buyers while supplies rise. Northwest activity, heavy selling by shorts, and anticipated crop prospects weigh on prices. Minnesota and Dakotas traders note large weekly movement and cautious appetite for cash grain.

Farnunj Reardon Fpad Rooster Airn Ss - Fo Ag Wl Rhoishily Ighorts Minneapolis New York St Louis

Also Mentioned on This Page

Res R. L. Day & CO Adams, Blodget & CO Congress Street Brewster, Cobb & Estabrook Trustees Conservative Sioux City Iowa F.Y. Parker & CQ State St Stoges Allen S. Weeks Noston Stock Exchange Houston Lincoln & Colorado RY. CO Union Pacific Ry. C Fitchburg RR. CO Naumkerg Street RY. CO City OF Cleveland Ohio East Saginaw Michigan Foote & French R'y & Nay, Co Con M’ge Pacific M'ge St. Jos. & Gr Oregon Short Line Boston Stock Exchange Bales East Boston San Biego Eve Eee Ballivan ACM EMG Fa Visik Erors Wanuhtod Sass Eereeeeeres Big Wollaston Ll. G. Ta Lile B. & Mo L. G Elk H C. M K. C L. KR Ft. S Central Con N.Y. A& NE Lili Va Og Aytresey Pueb, & A Rutland Atlantic & Pacific Boston & Lowell Boston & Maine Eh Boston & Prov Cove Canton River Flint Hk. CM Seer L.E Stl Maine Central Summit Branch Eee Wisconsin Central By Telephones Bel Ysverexheven Aros Sat Eee ‘Eee Eee Sue 82 % On Ip | Mex. Seer Sewer Ene New Engle Ser Stopicr S. Eastman Lamgon Store Ser. Co GLY Pullman Palace Car Co Unlily Securities Am Cotton Oil Trust Mt. Desert East Shore Malden Electric Co LMS New York Despatch Co North Chi National Lead Trust Star Refineries Co Thomson-Houston Elec Mlec Do ‘Trust Thomson Elec Westinghouse Elec, Co Winnisimmet Co Deaware & Hudson Denver Grande Gulf, Colorado Santa Fe Wabash Sq Hich- Lowng Ing. al A Air L. Dls Ese Roch Central Lowa Central Pacific St. & Steer del. & L Den R. Wises Ewe East Tenn Tiesas Hocking Val Houston & Texas Central Ste Ran Wwe Low Island Louis. &Nash Man Beach Olek Minn St. Letee Sao Veese Mo Peer D. Cent Bisa Nor. Pacific Y. Cent N.Y N. E Ohio & Mass West Pittsburg W.e Rock Island Tome St. I Paton Tees Sep Texas Pacite Tuca & Ker St.Lb W. x LL. I Bu Land and Miscellaneous Companies Pacific Mail Pullman Pal Eree W. Union Gas ‘Trust Sugar Trust Cam Gay Na W Cen P. Tots R.G. L O. & Eauatir Ss D Leah St. P Tex. P P. Lata U. Vac Ontario Potosi Crown Point Cristo Shles Allonez Alnoig Atlantic Bonanza Pevel’t B. & Mont Hecla Catalpa Crescent Stee Serene Ridge Quincy Senevenese BiLac Sewer c Tamarack Aspinwall Eee BGG Gry A Odedas Cei Sea Boylston Street Tookiing Ee Campodelig Eeeseenes Beard Miscellaneous Stock Exchange Wilson W. Fay & Co State Etreet Harvard Land Burton Morley Robinson-foster Electric International Burton Hole “Mach Beacon Electric Reese Edison Phon Toy Eteweer Sere Passion Foreign Financial NEW York Financial Railroad Matters Southern Railroad Chicago & Atantic Malott Indianapolis Ind Chicago & Atlantic Road Chicago & Western Indiana Road Brooks Locomotive Works Wason Manufacturing Company Springfield Louisville & Nashville Richmond & Danville Incre Ch Weok Ons Agal Fuasee Hhaen Haan Salling At OP Jon Marks Chicag & Co Gian Cheney & Co Uni Portelectric Company Boston, Mass John M. Corse Thomas W. Bicknell A. E. Dolberr Somerville Old South Meeting House Washington Street Eastern Banking CO Milk Street Francis A. Osborn EBD W. T. Mearthew Treat——r Kansas Kansas New England Loan and Trust CO J. M. Atwood Joan Jeffries & Sons Devonshire Street Ilinois ILGA Eas Golle JSON E. Welsh State Street General Markets Bush Geerts Iluish Hush Cotm Annie Sme
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