Money Market Mixed in Boston on July 2
Boston money market firmer with clearing house rate at 4 percent. Time loans quoted 3 1/2 to 5 percent, call loans 4 to 4 1/2 percent. Bank balances loaned at 4 percent. some banks reported no funds available. New York funds at 12 1/2 percent discount to pay. Government securities quiet at 107 1/2 for 4s and 127 1/2 for 4 1/2s. The Boston and New York exchanges and bank statements show declines in reserve, while local stock market remains dull with Union Pacific leading small gains.
MENTIONED IN THIS ARTICLE
Boston
New York
New Orleans
Bank
Charleston
Savannah
United States Treasrer
United States
National Bank
Reichsmarks
Oston Bank
Conares
BUR Wita Awouinees
Inc
Union Pacific
Meewrs
Parkinson & Burr
California Southern
Chicago
Milwaukee & Ei. Paul
Concord Railroad
Atchison
Atchison Company
Hile
Panhandle
Texas
Dividends Declared by Several Corporations
The Asbestos Packing Company declares a 3 percent dividend payable July 2 to stockholders of record June 30. American Loan and Trust Company of Omaha announces a 4 percent dividend payable July 20 at its Boston office 101 Milk Street. The Standard Oil Trust declares a 4 percent special dividend payable July 25 in Natural Gas Trust certificates at par. Kansas Investment Company issues first mortgage bonds payable July 1 at its Boston office 10 Vonshire Street corner Water.
MENTIONED IN THIS ARTICLE
Samson
Boston & Montana
Quincy
Osceola
Dwight Braman & Co
Dergshire Street
Forest
Saga Outs
Kansas & Southwestern Raiload Company
St. Louis
St. Louis, Kansas & Southwestern
Frisco
St. Louis & San Francisco Railway Company
West End
Boston
Union Cable
Kansas City
Chicago, Oquawka & Kansas City Railway Company
Asbestos Packing Company
American Loan and Trust Company of
Omaha
Neb
Milk Street
Standard Oil Trust
Kansas Investment C Company
Vonshire Street
Corner Water
Auction Sale of Stocks and Bonds Held on July 7 1888
Trustees announce an auction of numerous bank shares railroad bonds and corporate stock. Hesitations noted in a dull market with railroad bonds heavy and shares near opening prices. The sale lists among others Columbian National Bank Continental National Bank Merchants National Bank and various railroad and insurance securities from Philadelphia Pittsburgh Boston and beyond.
MENTIONED IN THIS ARTICLE
Columbian N. Bank
Nedol
Northern Pacific
Union Pacific
Oregons
Iee SS
Santa Fe
London Stock Quotes and Bank of England Bullion Movement
Consols quoted 999-16 for money and 995 for the account with U S 48 129% and 44s 109% as listed. Canadian Pacific 57% Erie 24% with Erie seconds 97. St Paul common 653 New York Central 107 Pennsylvania 58% Reading 30 Mexican Central firsts 6744 ex-interest Atlantic & Great Western firsts 845% ex-interest Atlantic & Great Western seconds 7% Money 41 percent. Open market discount rate for short and three months’ bills at 11-16 1% percent. Paris at 3 per cent francs 83 francs 40 centimes for the account. Bar silver 42 48 pence per ounce. Bank of England bullion balance Friday £155000 and today £43000.
MENTIONED IN THIS ARTICLE
Mexican Central
Chicago, Kansas & Western
New York
New England
Birmingham
Consolidated Vermont
Chicago, Burlington & Northern
Oregon
West End
Messrs. Adams, Blodger & Co
R. L. Day & Co
West End Street
Massachusetts Railroad Commissioners
Sullivan Harbor
Clyde Park
Bar Harbor
Frenchman’s Bay
San Diego
Boston
Mpanie
Atlantic
Bonanza
Catalpa
Huton
Ua Fronton
Kearsarge
Nauk Trail
Brook
Bay
Newport
Sheers
Lamping
Payson
Penobscot
Sullivan
Topeka
Winthrop
Wollaston
Atchison
Ooenes
L. G
At. & Pac
Ieeeae
Do Inc
St. P
D. D
Véeveau
Elk H
Ris
Be & C
Cess
N. Y
N. E
Isk
Ccc Cess Aos
P. D.O
S. L
LC. Con
A. V
Vivielhl
Zee Rutland
Kan
Sonora
Union Pacific
Ewer
Sy Do Inc
Atch
I . Steerer
Atlantic Pacifecs Incessor
Boston & Albany
Cessevee
Boston & Maine
Boston & Providence
Cal
Southern
Central of Mass
Hie
Canton
Crsessecvscvesens
River
Col. Sp. & Cin
L. & Nevees
Fitchburg
Flint
Old Colony
Rutland. A
Brokers’ Board
Ee Cone
Summit
Nion Pacifle
T&s. Ee
Wis
Do Trust Gs
Cal So Inc
American Bell
Csi
M& Bbbs
Ee Eastman
Lamson
C . Bilg
Ny&ne
Pullman Palace
Northern Pacific
Erie
Harbor Land
Albany
B & Maine
Biro Ak
Bu&n
B&q
Censeee
Cleveland & Canton
Cin
Sand F
LoLee
Maine
Rutland
Bly Union Pac
Cal Soageer
Ee C
B&n Bs
Eeee
Bea
K & West Ds
Ee Gee Tees
F & Elk H
Lamson SS
San Filevo
Sullivan Harbor Land
B& Mont
Dunkin
Franklin
Quincy
Ant
NY &N
Bove Cntesce
London
United States
Canadian Pacific
St. Paul
New York Central
Pennsylvania
Reading
Atlantic & Great Western
Paris
Bank of England
The Cheese Market Daily Sales at Urica and Lirrue Falls
Cheese sales in Urica New York show 8340 boxes at 9c 8480 at 9 1 2c 2390 at 9 3 4c 1400 at 9 3 4c 119 at 9 3 4c with 2065 on commission Butter sales include 93 pkgs creamery at 18 1 2c 21c Lirrue Falls New York reports 3830 boxes at 8 1 2c 5060 at 9c 940 on commission 925 of dairy at 8 4 4 9c Butter sales 37 tubs dairy at 17 18c and a few tubs creamery at 18 4 1 0c
MENTIONED IN THIS ARTICLE
Urica
N. Y
Pkus Creamery
Wheat and corn market notes from London Liverpool and Paris
Cargoes off the coast with wheat quiet but steady. Paris and Liverpool report firm wheat and flour, corn steady with fair demand. Quotations rise and fall by region. futures firm. Noted prices include Winter wheat 6s 6d to 6s 8d, California July 68 7/4d, Paris 42f for July and August.
MENTIONED IN THIS ARTICLE
London
Beerbohm’s
Mark Lane
Paris
Liverpool
California
Insolvency Ties Up New York Merchants at Broadway Address
A firm at 649 Broadway New York has assigned assets with liabilities estimated between 300000 and 500000. The large business failure shocked the trade, caused by business troubles. Moisan & Alein grocers Lowell also enter insolvency. Seligman May & Co dealers boys clothing William Street enter insolvency with 3062 in stock and other assets pending appraisal.
MENTIONED IN THIS ARTICLE
Ing
Broadway
Newwy York
Moisan & Alein
Grocers
Lowell
Ake
al Seligman, May & Co
Market Summary From An Economic Brief
Commercial matters note oats and rye steady or unchanged while cornmeal and hops soften. Butter and lard show activity with firm cheese. Potatoes and beans quiet, oranges firm, lemons fair demand. Pork and beef steady with some items active or quiet. track activity and raw sugar strength accompany steady to higher refined sugars. molasses steady.
Chicago markets ease on London prices and New York activity
Market brief notes weaker London prices for copper and tin, with New York showing three days of mixed tonnage and spot bids. Local demand is quiet. Lead, spelter, and zinc hold steady. detailed prices for copper, iron, steel, and various metals listed, including pig iron, beam sections, and rolling costs.
MENTIONED IN THIS ARTICLE
London
New York
London Cables
Boston
Baltimore
Gray Forge
Loggton
Summerlee
Gartsberry
Langloan
Glengarnock
Coltness
Straits
Wool sales in London see strong attendance and competition
London wool market reports a large turnout with active bidding and heightened English participation. Today’s offerings total 11,470 bales with 172,000 bales available, including Victoria, New South Wales, Queensland, Swan River, Tasmania, New Zealand, and Cape of Good Hope and Natal lots with varied prices for scoured greasy and locks and pieces.
MENTIONED IN THIS ARTICLE
London
Victoria
New South Wales
Queensland
Swan River
Tasmania
New Zealand
Cape of Good Hope
Natal
Boots and Shoes Trade Slows as Fourth of July Week Halts Work
The shoe trade rests in quiet season with contracts being filled and late spring orders arriving. Factories close for repairs during the Fourth of July week, while calf line demand remains strong and rubber goods boom. Delivery of summer orders trails behind with no new demand for women’s light shoes.
Metal Markets Steady Amid Labor Uncertainty and Quiet Copper
Iron market shows no major change as labor troubles temper mill orders and price forecasts. Foundry irons active, mill iron demand dull, world pig iron output up. rail steel demand modest with 22,000 tons booked. Foreign iron steady, copper ingot market quiet, tin weak, and London quotes mixed as July scales approach.
MENTIONED IN THIS ARTICLE
National Association of Bar Iron Manufacturers
Cleveland
Bessemer and Open Hearth Steel Association
Pittsburg
New York Metal Exchange
London Cables
Boston Markets July 2 Flour and Grain Prices Quiet
Prices and stocks for flour and grains shown as carload lots in Boston markets. Wheat, oats, corn and barley quotations across Chicago, New York, St Louis, Milwaukee and Boston elevators, with spot and export figures, receipts and shipments for June 23 to July 2, 1888. Market tone steady to firm, with light demand and some brand purchases by jobbers to cover present needs.
MENTIONED IN THIS ARTICLE
Farnum, Reardon & Co
Seve Ee
Cses
Chicago
CORR
Minnesota
Michigan
Canada Superior
Canada
St Louis
New York
City Mill
Wien
Milwaukee
Toledo
Detroit
Minneapolis
Albany
Boston & Albany
Hoosac Tunnel
Recelpie
Monui
Kiye
Also Mentioned on This Page
Chicago, Burlington & Quincy
Chicago Lines
Burlington & Quincy
Atlantic & Pacific
Cleveland & Canton Common
Cincinnati, Sandusky & Cleveland
Mad River
Lake Erie
Cincinnati, Adusky & Cleveland Railroad Company
Central
Eastern Consolidation Committee
New York & New England
Boston & Provide
Central Massachusetts
Grand Avenue (Street) Railway of
Bell Telephone
Kidder, Peabody & Bankers
Devonshire Street
Mass
Nassau Street
ISSUE
Travellers
Messrs
Baring Bros. & Co
Europe
Philadelphia
R.A
San Fran
Cisco Railway Co
Dwight
Braman
Providence
Adams, Blodget & CO
Santa FE & Californs Railway CO
Arguson, Topeka & Santa Fe Railroad Co
Kidber, Peab
DY & CO
Globe Investment Company
Boston, Mass
The
Dakota Mortgage Loan Corporation
Massachusetts
Kansas
Nebraska
Dakota
Boston Stock Exchange
Continental Nat. Bank
Metropolitan N. Bank
N. Bank
Manut
Continental N. Bank
Shoe and Leather N. Bank
Exchange N. Bank
Penn
Newton N. Bank
Newton
Mags
Do Central Car Co
Conn
State Live Stock Co
Androscoxgin & Kennebec RR
Mt. Tabor
Vét
Lansing & Northern RR
Wichita & Western RR
City of
Consol. Mort
Eastern RR
Consol RR
Eastern RE
Woburn St
Massawippi Valley
Blackburn Valve Co
Apyevevn
We Lyman Mills
Witmighs & Balt. RR
Fitchburg RR
West End St. Ry. Co
Athenian Hamilton Nat. Bk
Merchants’ N. Bk
Sugar Refineries Co
Union Stock Yard and Transit Co
Learton
Wakefield Rattan Co
Pacific Mills
Whnan Palace Car Co
Meago, Jur. & Quincy RR
ATC
Champlain RR
Gt. Fails & Conway RR
Louis
Evans, & St. Louis RR
China Mutual
Serip
China Mutual Ine Sen
N. Eagle Bank
Wittsfield & Co
Adams RR
United States Hotel Co
Scott & Gulf RE
Portland
Saco & , Poptamouth
Kag Kants Ee
Wis Wa
Duar Ammke
aXe Ede +ube Works Co
Falls Mig
Vonsin Cent
Scrip
Gregate
Mercantile
Amador
Proustite
Barcelona
Quicksilver
Buillion
Col. Coal
S. Nevada
Silver King
Homestake
Standard
Tenn. O
Ontario
Union
C. BR
Can
Pacific
Central Pac
Chi
Alton
Del
Atize
East Tenn
Fort Wayne
Eeesssee
Hocking Val
Floust
B&w
Tex
Pem
Lake Shore
Long Island
Lou
Seer Dian
Beach
Elev
V. F
Met
Elev Sion
A& W
Ohio
Essex
Nash
Chattee
Northwestern
C. de Bt
West
Pittabure
Bala
RK & W.P
Rock Island
Rome
St &S
Texas Pacific
Tol. & O. C. Vref
Utica & BK
St.l. & PL
St.l. & PL. Eeeee Eneee Eeeeee 7 * Seer Were 2219 Q 215 4 ~ Pref. .&L
Oregon Sm
Ener
Gore
Pacific Mail Ae
Pullman Pal
Western Union
N.W
Navy
N. Vac
Eas
U. Pac
W. Cons
W. Shore
Allouez
Cae
iSt
Mary’s
South Side
Washin
Barton Car Eureka
Maas E Oveal St
ICE
Vuur Boy
William Street
Otogarele
London Wool Sales
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