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Newspaper

Boston Post

Location

Boston, Massachusetts, United States of America

Date

Jul 08, 1887

Page

6

Money Market Firm but Slowing Cash in Boston July 7

Boston money market steadies with bank rates at 7 percent and outside loans higher by a half point. City loan of 50000 dollars five months to run at 4 1/2 percent. call loans 7 to 8 percent. Atchison, Union Pacific, and other securities quoted amid a dull market. earnings show shifts in several rail lines while copper and land stocks move on demand.

Boston New York State Street Sterling Exchange Bank of England Atchison and San Diego Atchison Chicago Chicago, St. Louis & Western Fourteenth Street Western Indiana Company Atchison Company Colorado Midland Railroad Leadville Union Pacific Union Trust of New York Wisconsin Central Common Chicago, Burlington & Quincy Chicago, Burlington & Northern Denver Cleveland Canton Cincinnati Sandusky & Cleveland Atlantic & Pacific California Southern Pere Marquette Chicago, Kansas & Western Chicago Milwaukee & St. Paul Dubuque Southern Kansas Sonora Oregon Louisville Evansville & St. Louis New England New York, New Haven & Hartford Road City Council of New Haven New Haven & Derby Railroad Starbuck New York & New England Central Massachusetts Fitchburg Concord Montreal Old Colony Boston & Maine Boston & Lowell Topeka Geilway E. and QO. E American Wool Reporter Frenchman’s Bay Penobscot East Boston Brookling West End Richards South Boston American Loan and Trust Company Julien Motor Lenox Springfield Springfield Republican A. L. Fennessy Rts Syndicate Mr. Fennessy L. J. Powers H. S. Hyde A. Nichols Oliver Ames Fred L. Ames R. M. Pulsifer Hartford Calumet & Hecla Osceola Franklin Atlantic Bonanza

Dividends Declared by Banks Railroads and Mills

Multiple firms announce semi annual or quarterly dividends with varied rates and per share amounts. Names include First National Bank of Adams New Hampshire Trust Company Long Island Railroad Connecticut and Passumpsic Rivers Railroad Boston Suspender Company Minehill and Schuylkill Haven Railroad Merchants Mills Shore Mills Fall River Kansas City Cable Railway McKay and Bigelow Heel ing Machine Crystal Plate Glass Lampasas Bank.

First National Bank of Adams Mass New Hampshire Trust Company Long Island Railroad Company Connecticut & Passumpsic Rivers Railroad Company Boston Suspender Company Minehill & Schuylkill Haven Railroad Merchants’ Mills Company Shore Mills Company Fall River Kansas City Cable Railway Company Boston McKay & Bigelow Heeling Machine Colony Crystal Plate Glass Company of St. Louis

Stock Market Note and Corporate Financing Tactics

San Francisco listings show gains in class A and various bonds with percent figures for Texas Pacific and Shenandoah Valley. St Paul consols, Houston and Texas seconds, Kansas Pacific Denver division, Manitoba Dakota extension given with price shifts. New York stock sales July 7 total 208 676 shares with daily price data. Northwestern avoids new debt by charging off 10 million surplus earnings and reinvesting in property.

San Francisco Texas Pacific Shenandoah Valley Generales St. Paul Consols Houston & Texas Seconds Kansas Pacific Denver Manitoba Dakota Extension The Northwestern

Boots and Shoes Market Report Shows Mixed Trade

The last week in the boot and shoe trade was quiet due to the Fourth of July holiday. Worcester county workers have settled labor issues and production is expected to surge, with wax and hip boots and calf lines showing strong demand. Slower slipper sales persist while brogans remain in large demand. Lynn Hav erhill plants rise to the moment, New England jobbing remains active, and rubber trade shows movement with firm prices though orders decline.

Worcester County Lynn Haverhill New England Rubber Trust

Housatonic Rail Lease Denial by NY NH and Hartford Officials

Vice-President Reed of the New York New Haven Hartford line and Vice-President Stevenson of Housatonic deny reports that a lease or sale of the Housatonic road is near. President Bostwick states he and friends own over half of both preferred and common stock and no lease, sale, or negotiations are under consideration.

THE Housatonic Reed New York, New Haven & Hartford Housatonic Road Stevenson Bostwick Consolidated Road

Bond market report from London July 7

United States bonds listed in London show mixed pricing with 4s at 18114, 43 Vas, Atlantic and Great Western seconds 1012, Pacific 625, Erie seconds 10214, Illinois Central 12634, Mexican ordinary 50%, New York Central 114%4, Pennsylvania 53, Reading 2914.

London United States Atlantic & Great Western Erie Illinois Central New York Central Pennsylvania Reading

Atlantic & Pacific Railways reports earnings and fare rate

The Atlantic and Pacific Railways Company filed with California railroad commissioners showing fiscal year freight earnings of 891830 and transportation earnings 1564096. The company faced contempt citation for failing to appear and justify its conduct before the board. The average passenger fare per mile was 0.0159 and freight rate per ton per mile was not fully stated in the fragment.

Atlantic & Pacific Atlantic & Pacific Railways Company California Railroad Commissioners Board of Railroad Commissioners

Rail business shifts stir across major lines

Reports note Pennsylvania branch extensions affecting the B&O main line as Lake Shore, Baltimore & Ohio negotiate through traffic. Union Pacific sold 100000 acres in May. Dayton Fort Wayne Chicago stockholders set Aug 5 to ratify a Cin Cincinnati Hamilton Dayton lease with a 5.5 million mortgage for fifty years at 4 percent. Eastern Tennessee dividend expected within a week. Dominion Canada eyes Intercolonial sale terms after Maine short line study. A Little Rock to Hot Springs charter is filed. Recent railroad earnings summarized.

Baltimore & Ohio Pennsylvania Union Pacific Railway Company Chicago Lake Shore Dayton, Fort Wayne Cincinnati, Hamilton & Dayton Tennessee Ottawa Ont Dominion Intercolonial Railway

Wall Street News Roundup: Mixed Markets and Bond Activity

New York reported easier money on call at 4 to 6 with last loan at 4 and near-dull sterling. Government and railroad bonds were heavy while cotton oil certificates rose from 36.5 to 40, closing at 40. The stock market showed modest gains early, then faded into a heavy, unsettled session with several stocks driving most activity.

New York Prime Mercantile Sterling Exchange New England Grangers Missouri Pacific Susquehanna & Western Northern Pacific West Shore Chesaeake & Ohio Jersey Central Omaha Spey Henderson Bridge Southern Pacific San Joaquin

Vandalia Lease Contested in Railroad Ownership Fight

The St. Louis Vandalia and Terre HauteRoad seeks to cancel its lease to Terre Haute Indianapolis and restore the line to its owners. Pennsylvania Railroad Counsel plan a suit to stop conveyance to Cincinnati Hamilton Dayton, arguing the lease cannot ride along the sale. A legal test aims to resolve ownership and control amid a change in Terre Haute Indianapolis leadership.

St. Louis, Vandalia & Terre Haute Railroad Company Terre Haute & Indianapolis Railroad Company Vandalia Company Vandalia Road Terre Haute & Indianapolis Vandalia Pennsylvania Railroad Pennsylvania Railroad Company Ananotis Cincinnati, Hamilton Dayton St. Louis Vandalia & Terre Haute Railroad Pennsylvania

Transcontinental freight rates held steady by rail rivals

A San Francisco dispatch reports that Southern Pacific and other lines will maintain current freight rates until further orders. Union Pacific and Atlantic & Pacific plus Atchison say their rates expire July 7 but will stay in place pending legal rulings. Agents cite reliance on commissioners and Canadian Pacific competition to justify the stance.

San Francisco Southern Pacific Union Pacific Atlantic & Pacific Atchison Nena Canadian Pacific

Northwestern Bonds Retired After Quiet Board Vote

News from the Chicago & Northwestern: at the last directors meeting $10,000,000 of bonds were ordered retired. The action was kept quiet to avoid affecting bond prices. Vice President Sykes said the annual stockholders meeting approved the measure.

Chicago & Northwestern Sykes Chicago & Northwestern Road

Wholesale liquor firm closed by sheriff in Milwaukee

The J. D. Olcott & Co wholesale liquor house in Milwaukee was shut by the sheriff on attachments totaling 25 000 dollars. Liabilities may exceed 60 000 dollars, assets unknown, with substantial real estate held by firm members valued around 152 000 dollars.

J. D. Olcott & Co Milwaukee John Slade & Co New York Dry Goods Commission Matthews Bros Cincinnati J. R. P. Brown Victoria W. Norton New Philadelphia Suffolk Pefote McKim Thomas Rice Ceylon Street Dorchester Cyrus S. Haldeman Register of Voters Boston Beacon Street Commonwealth Hotel Rice Howard D. Nashby Haldeman George Everett Specialty Button Company Broadway New York Charles Seidler oRey Atlantic Rubber Company William Street

His Wicked Twin Brother Exposes Bigamy Doubt at Prison

Anamosa Iowa faces a sensational case where a man in the penitentiary for bigamy claims his twin brother is the real offender. Letters to the warden and Governor Larrabee question the punishment while experts insist the handwriting is identical.

Omaha Republican Anamosa Anspe Larrabee

A Warning to Fathers From New Jersey Tragedy

Fifteen-year-old William Cranston died at his New Durham home yesterday. Dr Schlem attributed the death to the excessive use of cigarettes, serving as a stark warning to fathers about youth smoking dangers.

William Cranston New Durham N. J Schlem

Market Report Shows Mixed Agricultural Trends

Leather improves while hides hold steady. Butter and cheese stay firm. eggs and pork quiet. Oats, rye flour, and seeds firm. hay weak. New potatoes in strong demand. California fruits ample. Sugar and molasses stable to firm. molasses steady. lard and hams quiet. Fresh beef unchanged.

California

Retail Shoe Dealers plan Chicago convention in July

The second annual convention of the Retail Shoe Dealers' National Association will be held in Chicago July 19. New England dealers intending to attend should send names to the Boot and Shoe Recorder for transport arrangements. Tule insoles, elastic and nonconductive, are newly featured. Shipments from Haverhill and Lynn last week rose over last year, while travel weariness noted by May travelers. Mr W L Douglass of Brockton returned from Europe last Saturday.

Haverhill Lynn W. L. Douglass Brockton

Leather and Hides Market Report Summary

Leather demand improves at low prices with rough leather in demand and curriers buying more. Finished feather and wax leather firm. calfskins quiet with stockpiles. Hides mixed by region with Western markets firm and New England, Southern prices varied. Sole and rough leathers show varied price ranges, with several grades listed for immediate sale.

New England Nemlock Buffalo PA el Brighton West Buenos

Market Reports July 7 Flour and Grain

The flour market remains quiet with dull business and steady prices. Corn to ship firmer by about 4 cents while spot remains firm. Oats hold firm with values for fancy clipped and white oats listed. weekly export totals for wheat corn flour oats shown by city and region.

New York Boston Newport News Montreal Philadelphia Baltimore N. Orleans Linkis Norfolk Ietictciniia Secacevnid United Kingdom Minnesota Michigan Canada Superior Canada Bush New Canada Western Eastern

Butter and Cheese Markets Slip in Heat Fed by Weak Demand

ButterDemand steady for choice goods with Western creameries selling high at 20c. New York stock scarce and prices mixed. cheese firm with hot weather driving stock into cold storage. Egg market weak with scarce Eastern extras and volatile quotes. beans and hay markets mixed. potatoes steady with variable northern receipts.

New York Liverpool Timothy Western Extra Deesh Vermont Northern Choice New Northern Sage East Choice Choice Choice Northern Michigan Nova Scotia New Brunswick Westernao

Also Mentioned on This Page

Kidder, Peabody & CO Devonshire St Boston, Mass Nassau St Messrs Baring Brothers & Co Europe British Provinces Kings County Brooklyn New York City Vermilye & CO F. H. Pringe & CO Kansas City Memphis Birmingham Kansas & Western Northern Pacific RR Enchman’s Seve Penobscot Eevee San Diego Ld West End Ltd T&sf Con & Mon Boston & Lowe Ac Cal Ny&ne Calis M. At & Pac Inc K & W Inc Lamson Sd Franklin Mg Brookline Ld West End Ld Erie Tel T& SF Ae Cb& Wis Cc, San & C Feer L & St F T&sfe Ing Topeka Land Ny&nbe Bose Wis Ing Soda Pacific Air L. Pref Co Central Iowa Central Pac Ches Ohio Be del. & H del. & L Fort Wayne Ft. W. & Dee Houst Texas Central Kan Tex Eae & Rem Tees Lake Shore St. Ee Facia Essex Ash Northwest N.Y de West Oregon Trans Pittsburg I Rich Rich. & Dan Lly Ee Roch. & Pitees Rock Island St S.F Alloucz I Atlantic Im iV St. Phi Cove Bonanza Development Pal &M. Ee Ae Ca & O Quincy Reese Texas Pacific Aeon Toledo D. C Bute Aspinwall See Utica & B.R St. L. & P Brookline Evere . Ie Rk E Bald Part San Dier Orego Eee Pacine Ma Pullman Pal W. Union Eeee K.C . Ft Gulf Kk. C St. J Central L. Rock & Ft. Smith St. P.c St. PC Clinton New Eng Ewe Ratland Tex. P Pac Paul & Duluth N. W W. Shore Toka & S. Fe. Pacific American Wells Fargo Wabash & Western Boston & Lower Boston & Alliany Amador Ontario Oebs Chi Burl. & Northern Belle Isle Phoenix Burl Brunswick Plymouth Col. Coal Quicksilver Central of Mass Indiana Saci Central of Cleve Ig Gowld & Curry Savage Hale & Nor He Security Bo Flint & P Col Nevada Ea & P Bouthern Union Con N-E Eae Haute Rutland Ranch Nion Pacific Wisconsin Central. Com Wisconsin Central Amell Telephone New Eng. Telephone Erie Telehone Lamson Store Serv. Co Pullman Palace Car Wison W. Fay & Co Lord Annus Telephone al Cieiv Elec Matg West Find Land Steve Seevneeeee Tol., Cin Boston Stock Exchange Brokers’ Board Ae Low C B& Q4s A P& Ark Creas Cal & Hec San Hee A&p B&q Foreign Financial Markets Alta Bulger Mono Est Belcher Navajo Tee Potoet Cala Bait Sayage Seareee Crown Point Sierra Nevada Eureka Sear Teweee Ig Gould & Curry Be Thenion Hale & Norcross Buel NEW York Financial Vandalia Lease Ayres Montevideo O Grande Entre Rios Chicago Markets Beerbohm Q.S
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