Money Market and Bond Auction Report from Boston and New York
The Boston money market shows abundant loanable funds with time loans at 3 4 to 5 percent and call loans with collateral at 2 34 percent. Massachusetts and New York bond auctions dominate, with state loan proposals of 2,500,000 and bids from Blake Bros and Isaac H. Sherrill varying by rate and amount as Treasury awards part of the issue. Exchange totals and bond sales dominate the day, while stocks show a dull to firm late rally with notable activity in railroad and utility shares.
MENTIONED IN THIS ARTICLE
Boston
New York
Portland
Potter, Lovell & Co
Brockton
Marden
Commonwealth of Massachusetts
State House
Treasuer
Bank of Savings of New York
Blake Bros
Isaac H. Sherrill
Moeller & Co
Chicago
St. Louis
San Francisco
Telegraph
New Orleans
Bank
Charleston
Savannah
Secretary of the Treasury
Reichsmarks
New York Times
Hartford
Conn
Union Pacific
Northern Pacific
Canadian Pacific
Congress
United States
Canada
Villard
Santa Fe
Pennsylvania
Poughkeepsie
Hartford & Connecticut Western
Tariffville
Springfield
Europe
Pacific Slope
Theo
Hartford & Connecticut Western Road
Philadelphia
Rand, McNally & Co
Harold, Conn
Messrs. Rand, McNally & Co
Transcontinental Railroad Consolidation, Mr. McNally
Atchison
Wallstreet
Oregon Improvement Company
Burlington & Quincy
Chicago, Burlington & Northern
Kiernan
Burlington & Northern
Chicago, Burlington & Quincy
Mexican Central
Railroad schemes loom as Gould resists boycott and a trust may form
A New York Herald despatch reports Jay Gould remains opposed to joining the Interstate Commerce associations boycott against the Alton. Rumored plans aim to form a great railway trust by purchasing control of nonjoining lines while Irvington on the Hudson hosts a conference with Western managers and bankers to devise legal framework. Baltimore & Ohio reorganizes leadership and earnings show gains. Louisville & Nashville issues a 3 percent scrip dividend. Local notes include a Chicago Alton sale denial, and Hartford merchants dismiss a circulating railroad bill.
MENTIONED IN THIS ARTICLE
New York Herald
Chicago
Jay Gould
Interstate Commerce Association
Alton
Association
Interstate Commerce Railway Association
East
Walker
Vermont
Dividends Declared by Several Companies
Oregon Improvement Company at 1 percent payable. Citizens Fire Insurance of Dover New Hampshire at 3 percent. E Howard Watch Clock Company semi annual 3 percent dividend payable August 1. Louisville and Nashville Railroad Company 3 percent in scrip.
MENTIONED IN THIS ARTICLE
Louisville & Nashville Railroad
Oregon Improvement Company
i _Citizens’ Fire Insurance Company of
Dover
N. H
Howard Watch & Clock Company
Louisville & Nashville Railroad Company
July Investments and Mortgage Details
July investments include paid in capital of 1,037,600 with mortgages on city and farm property at 6 percent and 7 percent interest. Notes mention 6 percent debenture bonds, interest paid semi annually, with principal and interest guaranteed. Also references 7 len Mortgage Trust Co and Hog er, Manazes.
MENTIONED IN THIS ARTICLE
Len
Mortgage Trust Co
HOGER
Manazes
New York Financial Market Ends With Broad Weakness
Money on call was easy at 2 1/2 to 3 percent with last loan at 3 percent. Government bonds dull, railroads quiet. Richmond & West Point fell to 19, then recovered to 22 amid a broad market decline and late rally. Oregon Transcontinental plunged to 23 8, then steadied below opening. Market closed active and strong near first prices, with 992,000 shares traded.
MENTIONED IN THIS ARTICLE
New York
Prime Mercantile
Sterling Exchange
Richmond & West Point
New England
Reading
Missonr Pacific
Missouri Pacific
St. Paul
Bears
Oregon Transcontinental
Oregon
Transcontinental
Villard
Rangers
Cealers
Union Pacific
Lackawanna
Lake Shore
Shorts
London and Paris Financial Notes July 18
Consols quoted at 987-16 for money and account. Atlantic & Great Western firsts 30/4. Erie 20%. Erie seconds 10434. Illinois Central 116%4. Mexican ordi nary 55. St Paul common 7058. New York Central 10842. Money 3%. Open market discounts 198% for short bills and 7 16 percent for three months. Paris 3 per cent rentes at 84 francs 10 centimes. Bank of England bullion fell £176,000. reserve ratio 38.03%. Berlin weekly Bank of Germany specie down 180,000 marks. Paris Bank of France gold up 6,250,000 francs and 650,000 francs silver.
MENTIONED IN THIS ARTICLE
London
Atlantic & Great Western
Erie
Ilinois Central
St. Paul
New York Central
Paris
Bank of England
Berlin
Imperial Bank of Germany
Bank of France
Lost in the Catskills. professors wander and get lost
The Rev. Dr. Howard Crosby and Rev. Dr. McCracken, both prominent cottagers near Pinelli, set out for a hike toward Shandaken and spent hours lost in the Catskills. After a long trek and a stop for dinner in Pine Hill, they returned home weary but undeterred, their misadventure kept secret by local Presbyterians.
MENTIONED IN THIS ARTICLE
Rondout
Howard Crosby
McCracken
University of New York
Pinelli
Crosby
Catskill Mountains
Lexington
Greene County
Pine Hill
Messrs
Thomson European Welding Company to set up European factories
Lynn July 18 officials state Thomson European Welding Company will not manufacture in Lynn but will establish plants in five European countries to hold patents. Several machines are being built for foreign shipment and work on foreign factories will begin immediately with hopes they will operate within three months.
Agricultural Market Sentiment Patch Notes
A dated market roundup lists many commodities with activity hints. Wool strong, flour quiet, corn firm, oats dull, millseed steady, butter unsettled, cheese weak, beans easy, potatoes firm, poultry strong, hay dull, apples in fair demand, oranges firm, lemons steady, berries good demand, California fruits strong, bananas active, pork steady, lard firm, hogs quiet, corned beef not very active, fresh beef firm, mutton quiet, lambs dull, veals steady, tallow steady, pollen unchanged, molasses quiet.
MENTIONED IN THIS ARTICLE
California
Print Cloth Market Unsettled In Fall River
Fall River July 18 The print cloth market is unsettled with local mills not selling. American Print Works cuts prices to 37 percent off for 64 by 64s, affecting value contracts and creating anxiety among mills holding them. Sales today at roughly 10,000 pieces, yet enough to fix market prices.
MENTIONED IN THIS ARTICLE
Fall River
Wool market steadiness clashes with dealer concerns in wool trade
Dealers in wool voice doubts on profitability as prices fail to cover costs despite a firm overall market. Western and Texas sales show activity at various price points, with Montana and Ohio figures cited, while Oregon and California wool move modestly. imported wools keep prices firm amid strong Liverpool and English markets.
MENTIONED IN THIS ARTICLE
St. Louis
Chicago
West
Ohio
Pennsylvania
Montana
Texas
Michigan
Moxos
Oregon
California
London
Liverpool
Ihs
Pensylvania
Ric Cee Ee
Fes
Ole
Natal
P T
Wheat market dull on spread and cover by shorts
The Option Markets in Chicago reports a dull narrow wheat market with shorts covering on rallies while cash wheat remains in demand. Corn stays firm with active export demand and a heavy shipping movement. hogs weaker but close firm on local buying. Weather unsettled and Russian crop conditions weigh on long positions.
MENTIONED IN THIS ARTICLE
Chicago
Farnum, Reardon & Co
Boston
Hutchinson
Gilman, Cheney & Co
Boot and Shoe Buyers in Town Ad List
Athens Georgia Morris Ad Binghamton New York J K Wood stone Goff Co Am Joone Iowa C S Mason Mason Bros United States Butler Pennsylvania B C Huselton Butler Pennsylvania d Bickel Craw Charleston 8C M C O Neill D O Neill Sons Chicago Lu k F J H selz A McLauchlan Selz Schwab Co Yo Chicago Kl G P Gore G P Gore Co Yo Cincinnati O A Meyer of A Meyer Cincinnati O G M Daum J H Laws Co Ad Cincinnati O d E Spear The John Shillits Co Yo Columbus Miss G D Harris Ke Columbia 8 C W D Lever stork Lever Craw Detroit Mich R H Fyfe R H Fyfe Co Am Hast Saginaw Mich L seifert Heavenrich Bros US Kansas City Mo W W Kendall W W Kendall Bros Co Craw Kansas City Mo dJ H Lane Lane Redewald la W K Versteeg W 8 Versteeg Bro Lexington Ky G E Spencer Watkins Spencer Un Louisville Ky B S Weller Weller Payne Minneapolis Minn C A Heffietinger Ain Montgomery Ala C Hann Ad New Orleans La E Levy Ad Philadelphia Penn F G Lippincott Lippincott Son Co Vo Philadelphia Pens G W Terry Rowe Terry Yo Philadelphia Penn G W Meily Ad Veoria Li D H Downing Downing Olney Am Pittsburg Penn O M Bingham J M Gusky Savannah Ga D P Myerson Ad savannah Ga T Colat Coliat Bros Pa St Paul Minn H A Coburn Kellogg Johnson Co Us Topeka Kan W S Furman Ad Traverse City Mich C B Atwood Hannah Lay Mer Co Ain Washington la J A Williams J A Williams Co Washington Penn H Hull Craw Elastic Starch best Shun imitations.
MENTIONED IN THIS ARTICLE
Athens
Morris
Binghamton
J K Wood
Stone, Goff & Co
Joone
S Mason
Mason Bros
Butler
Louisville
S Weller
Weller & Payne
Minneapolis
Minn
Heffietinger
Ain
Montgomery
Ala
Hann
New Orleans
Philadelphia
Penn
W Meily
Veoria
H Downing
Downing & Olney
Pittsburg
O M Bingham
J M Gusky
Savannah
P Myerson
T Colat
Coliat Bros
St Paul
H A Coburn
Kellogg, Johnson & Co
Topeka
Kan
Furman
Traverse City
Mich
C B Atwood
Hannah Lay Mer Co
Washington
J A Williams
J A Williams & Co
H Hull, Craw
Wool trade shows large receipts and cautious buyers
Week of wool trade records 30 356 bales domestic and 3408 bales foreign. Total sales reach 2 931 500 tbs with domestic 2 473 000 tbs and foreign 469 600 tbs. Demand tepid. prices unlikely to fall though not rising strongly as manufacturers stay cautious.
Flour and Grain Receipts and Carload Prices
Domestic flour quotations cover wholesale and jobbing prices. Today 20 cars consisting of mixed corn seven cars, steamer corn seven, oats three cars No 2 white, one car No 8 white, two cars No 2 mixed. Flour receipts totaled 3750 barrels and 1110 additional units.
Also Mentioned on This Page
tNet
St. Louis Cable & Western
Wisconsin Central
Kansas City
Kansas City, Fort Scott & Memphis Railroad
Eastern
Old Colony
Aspinwall
National Linseed Oil Trust
Utah
Gulf, Colorado & Santa Fe
Rochester & Pittsburg
Louis, Alton & Terre Haute
Summit
Lykens Valley
Summit Branch
Ross
Bonos
Vicki
Chi
Kan, & W
Do Inc
Elk H
Sted
K. C. Frs
K. c
K.C
C. B
M. Gs
L.R
L. C. Con
Pueb. & A. V
Tex. Div
Sonora
Sesaeeee
Dos
Wis. Cen
Lst
Top
S. F
Atlantic & Pacific
Boston & Aes
Boston & Lowell
Boston & Maine
Boston & Prov
Cal
Southern
Central of Mass
Canton
Conn River
Sp. & Cin
Fitchburg
Gulf
Hewss
K.C Cl & Sp
Mem
M. Eb
L. Kb
Eae
Bike Union Pacific
West End
Svessaeoy
Bell
Lauigen
Pullman Palace Car Co
Cotton Oil Trust
Pneumatic Tool Co
Burton Stock Car Co
Boston & Liverpool Co
Illinois Steel Co
Lynn & Boston Hiilros
Lynn Gas & Electric Co
Mt. Desert & Last Shore
Malden Electric CO
New York Despatch Co
North Chi
Rolling Mills
National Lead Trust
Sugar Refineries Co
LOYD
LOS Thomson Houston
Af Do Opel Sabia
Do Trust
Sosee
Eevee Srees
Thomson Fle Welding
Westinghouse Elec. Co
Winnisimmel Co
T. He
A & Pacific
Air L. Itels
Roch
B.C
E.i
Ezee
del. & H
AGO Cesii del. & L
Eves
den. & R
East Benn
Sree
GSA
HSL
Fort Wayne Ae
Ft. W
Hocking
Hlousion & O
le Bo & Weseeee
Ig Kan
Tex
We Kings
Pem
Island
Louis, & Ae
Louis
Man
Kerch
Elev
sbLe
Nash, & Chat
N.dj
Nor
Pacific
Northwest
N.Y. Cent
Jobys
N. Y
C. We
Yeu NE
Ohio & Miss
ST Ont
West Es
Oregon ‘Trans
Jane
Iittsiurg
Rock Island
GCOS
Oregon Im
Henacific Mail
Pullman Pal
W. Union
Chi. Gas Trust. L
Can. So
Cen
P. Lista
Isis
Den
Tex. P. l G. Eens
Tex. P. Tr
Pace
N. W. Cens
W. Shore
Eneee
Occidental
Ontario
Beet & Belcher
Boodle
Ophir Chouar
Cristo
Nevada
Hale & Nor
Silver Kingsos Hock
Union Cou Ea Slo
U. Copper
Ward Cou
Bias Aici
Eer
Railroad Matters
Proposed Railroad Trust
Baltimore & Ohio Affairs
Baltimore & Ohio
Cincinnati, Washington & Baltimore Railroad Company
Baltimore & Ohio Railroad Company
Baltimore & Ohio Railroad
H.T. Douglas
J. M. Schryver
Ohio River
O. P. McCarty
Havin
Alfred Walter
Eco One
Pennsylvania and
Northern Central
Sprixerstrip
United States Trust Company of New York
Secretary of State
Chicago, Milwaukee & St. Paul Railway
Chicago, Evanston & Lake Superior Railway
Wisconsin
Finance Committee
Chicaco
Chicago & Alton Road
Chicago & Northwestern
Hartrorp
Lockwood & Brainard Company
Boston Stock Exchange
Kers’ Board
At & Pacinc
B& Qaas
Denver
Anstamp
Fts& M
Law & So
Cm&b
NY Ag
Eeteere
Bell Isc. Sineare
Erie Telsis
Teleenee
A. T&s
Clevers
Aus
Ceeses
Ny&ne
Iar Colony
Miverss Gass
West End Rapid
T&sf
Kur & M Land
Do 1St Inc
Cseveeseee
Am Bell Vel
Lamson
Heston Water Power
Ny& NE
Illinois Steel Lead
National
Thom-Houst Kiec
Bales
Allouez
Atdoig
Eeee
Atlantic
Conree
Bonanza Devel’t
Mont
Huron
Kearsarge
Osceola
Tamarack
Hoothbay
Boston W.P
Poulston Street
Brookline
Campobello
Bay
Seer
Oee i
Newport
Lamoine
Pe Toe
Payson
San Diego
Y. Sullivan
L. G
Miscellaneous Stock Exchange
State Street
Wilson W. Fay & Co
Beacon
Robinsons Oster Bk Lee
Harvard Land
Washburn & Moon Mig
Don Enrique
Colchis
Boston Land
Catalpa
Alta
Nevada Queen
North Belle Isie
Best & Belcher
Owen
Ophir
Ennee
T.hopvoloes
Crown Point
Savage
Commonwealth
Sierra Nevada
Nd Gould & Curry
Union Con
Hale & Norcross
Yellow Jacket
Mono
NEW York Financial
Foreign Financial
Catskills
J. E. Carter & Co., Bankers & Commission Brokers
Washington ST
Thomson European Welding Company
Lynn
C. E. Roberts & Co., Bankers
B. Wilkins & CO
Devonshire St
the Eastern Banking CO
Milk Street
Francis A. Osborn
T. Merrihew
Safe and Prompt
D. P. Ives & CO
Water St
Territory of
Thos, P. Poole & Cas
Compress St
Tagrange St
Wash
Loring
Duluth
John E. Welsh
General Markets
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