Money Market Favors Banks as Light Investment Tides Rise
Boston money market eases with interbank loans at 7 percent and country banks supplying local demand at 6 to 6½ percent. New York funds hover near par to 5 cents per $1000 discount as exchanges at the clearing house reach $11.5 million. balances total $1.3 million. Atchison, Topeka & Santa Fe trading turns speculative with rights rumored. Mexican Central and other rail earnings show gains and ongoing capital moves across the Midwest and East Coast as insurers and investors eye future rail expansion and finance bureaus.
MENTIONED IN THIS ARTICLE
Boston
New York
Chicago
Cincinnati
St. Louis
Field
Washington
National Bank
Paris
Reichsmarks
Atchison, Topeka & Santa Fe
Atchison
St. Louis & San Francisco
Atlantic & Pacific
San Francisco
Mojave
The
Herald
Mexican Central
Vera Cruz
Pullman Palace
George M. Pullman
Europe
Midland Railway Company
England
Houghton, Mish
Watson & Walls
Kansas City
Springfield
Memphis
Louisville
Evansville & St. Louis
Lake Erie & Western
Wisconsin Central
Milwaukee
Lake Winnebago
Dividends Declared by Railroads and Firms
Several companies announce semiannual and quarterly dividends. Terre Haute and Indianapolis Railroad pays 3 percent August 1. Erie and Western Transportation 3 percent. Chicago and Eastern Illinois 3 percent payable September 1 with record August 13. New England Telephone 75 cents August 15. Bowker Fertilizer 3 percent August 1. Slade Mills 1 percent. Rome Watertown Ogdensburg declares 3 1 4 percent payable August 15. Books close August 1 reopen August 15.
MENTIONED IN THIS ARTICLE
Terre Haute & Indianapolis Railroad Company
Erie & Western Transportation Company
Chicago & Eastern Illinois Railroad
New England Telephone and Telegraph Company
Bowker Fertilizer Company
Slade Mills Company
Fall River
Rome, Watertown & Ogdensburg
Boston Stock Exchange trading summary for July 28
The New York stock sales report shows 538,660 shares traded today. It lists each security with its opening, highest, lowest, and closing prices, followed by yesterday's closing price.
MENTIONED IN THIS ARTICLE
New York
English Market Ticker Amid Dividend and Stock Notes
London market brief lists United States 4s at 131 ex-dividend and Atlantic & Great Western firsts at 445g with Canadian Pacific at 5934. Erie 30% Erie seconds 101%4, Illinois Central 126%, Mexican ordinary 52%e, St Paul common 86% New York Central 11144, Reading 27%, Mexican Central 16.
MENTIONED IN THIS ARTICLE
London
United States
Atlantic & Great Western
Canadian Pacific
Erie
Illinois Central
St. Paul
New York
New York Money Market Notes July 28 Financial Roundup
Money on call remained easy from 3 to 4 1 2 percent with close at 2 percent. Prime mercantile paper quoted at 54 42.6 percent and silver at 95 34. Stock activity after 2 15 p m showed strength in New England Louisville and Nashville and Western Union with gains up to percent. Railroad bonds remained dull and firmer with late buying lifting prices. West Shore 4s and various issues traded unevenly. Overall market regained momentum in final hour with a firm close near the day’s best levels after mixed early sessions and notable activity in railroad bonds totaling 7 068 000.
MENTIONED IN THIS ARTICLE
Brokers’ Board
A & Pac
San Diego Ld
West End Land
A,t& SE
M. A & Pine
Cc B&n
Ug C
Ee Ny& NE
Nm&sp
Rutland
Sonora
Bell
Ye Tamarack
West End Lad
Wollaston
A. ChEe
A&p
Bcon
St R
Cb&n. Ee
E&p M
Ny&ne
A& Pine
Boston Ldo
Franklin Mg
Pullman
San Diego ‘Land
West Ena
A,t&se
At & Pae
C.b&q
Cin, San & Cl
Fitch
Mex Central
Nys&ne
T&s
A & P Incoines
K& V
Am Bell Tel
Aspinwall Land
Boston Ld
Boston ‘Tee
Erie Tel
Eng
Napa Mining
Osceola
Topeka Land
Cc &Q
Fitchburg
Atchison
Atlantic & Pacific
Atlantic & Pac
Ine
BOL Cal
Southern Incomes
Bu Chi
Kan. & Western
Chi
Kan. & Western Inc
N.Y. Oe
Oregon Short Line
VOY
HOL
Ogon
New York
Prime Mercantile
New England Louisville & Nashville
Western Union
West Shore
Chesapeake & Ohio
Mackinac & Marquette
Louisville & Nashville General
Peninsula
Louisville
Louisville, New Albany & Chicago Consols 114, At 97; Oregon Transcontinental
Oregon Improvement
Texas Pacific
Wabash
St. Louis, Kansas City & Northern
Colorado Coal
Green Bay
Gould and the Atchison press Missouri Pacific shares
The Gould group wins pressure on Gould securities while Southwest properties face weakness due to Atchison Topeka Santa Fe’s entry. Analysts warn of a bitter West Shore New York Central style battle as the market trends lower. Atchison advances in Chicago securing terminals and options with a city council right of way ordinance pending.
MENTIONED IN THIS ARTICLE
GOULD
Atchison
Missouri Pacific
Atchison, Topeka & Santa Fe Railway
West Shore
New York Central
Traintor & Holt
Chicago
Vanderbilt Rail Network Aims West and South Expansion
The San Francisco Call reports a plausible plan for Northwestern Railway expansion from Fort Fetterman to Boise City, with a later link to California and San Francisco. Vanderbilt interests seek Texas access via Paris, assembling multiple small lines into a single system.
MENTIONED IN THIS ARTICLE
San Francisco
Chicago & Northwestern Railroad
Fort Fetterman
Wyoming
Oregon
Pocatello
Boise City
Ida
Snake River
Texas
Paris
Fitchburg Seeks P&W Interest to Control Westward Traffic
Fitchburg aims to acquire Providence & Worcester ownership to block westward business from Providence via the Hoosac Tunnel line. The railroad would also keep Providence Canada travel, using Boston Barre Gardner ownership to reroute Montreal shipments over Cheshire. A lease rumor with Cheshire circulates, with Cheshire holder preferring any lessee but Fitchburg.
MENTIONED IN THIS ARTICLE
Fitchburg
Providence & Worcester
Providence
Hoosac Tunnel
Canada
Boston, Barre & Gardner
Montreal
Cheshire
Boston & Maine
Transcript
Railroad earnings and coal pool plans dominate June 1887 brief
The report shows June 1887 vs 1886 gains for Pennsylvania lines with gross, expense and net earnings increases. Half-year totals rise overall, while west of Pittsburg Erie Liabilities show a surplus. Reading Railroad earnings rise, and a Pittsburg coal pool revival is noted with staged rate hikes and brisk demand. Shipping totals east-bound from Chicago rise with Vanderbilt and Pennsylvania line shares.
MENTIONED IN THIS ARTICLE
Pennsylvania Railroad Company
Pittsburg
Erie
Philadelphia & Reading Railroad
Coal and Iron Companies
Penn
Chicago
Central Traffic Association
Ainst
Vanderbilt Lines
Pennsylvania
Changes in Streets Ordered in Charlestown and Dorchester
Street commissioners passed orders widening and discontinuing High street at Sullivan street to straighten the line and lay out Faulkner street and the private way from Dorchester avenue known as Foster street. Petitions seek Milton street East Boston from Moore to Byron and Brandon street West Roxbury to Dudley avenue.
MENTIONED IN THIS ARTICLE
High Street
Sullivan Street
Charlestown
Faulkner Street
Dorchester Avenue
Dorchester
Foster Street
John Benson
Milton Street
Boston
Moore
Byron Streets
Benjamin F. Colbridge
Brandon Street
West Roxbury
Dudley Avenue
Market Report Shows Steady Demand Across Goods
Leather demand remains good and steady while hides are plentiful. Butter is very strong and cheese remains firm. Eggs are firm and steady, potatoes firmer, beans in quiet demand, and berries in good supply with solid sales. Pork, lard, and other fresh meats show firm or steady trends in a quiet market.
Boots and Shoes Market Expands with Record Shipments
The boot and shoe trade remains strong with rising shipments and an outlook for the largest season on record. Jobbers push duplications as demand from retailers remains high, calibers like calf and buff goods show strength, while wax kip and split boot orders stay busy. overall prices firm with an upward trend. Shipments to date total 1,216,713 since Jan 1, compared with prior years.
Booth and Shoe Recorder outlines midsummer edition highlights
The edition runs 116 pages with an eighteen page retail shoe dealers convention report from Chicago directed by Terhune. It features a lengthy illustrated piece on the New York shoe industry, notes on Haverhill and Marlboro shipments, Beverley labor tensions, and new stores in town. The Boot and Shoe Travellers League excursion and field day are planned for 15 at Point of Pines with a large dinner hall and dance space, organized by Pierce Redpath Green Fisher and Bowen.
MENTIONED IN THIS ARTICLE
Chicago
Terhune
New York City
Haverhill
Beverly
High Street
F. W
J. M. Monroe
T. A Whicker & Co
Marlboro
Lynn
Boot and Shoe Travellers’ League
Point of Pines
E. P. Pierce
N. H. Redpath
J. R. Green
O. M. Fisher
F. B. Bowen
Leather and Hides Market Report Across Varied Leathers
The leather market shows firmer demand with steady activity in rough and finished leathers. Rough calfskins favor buyers. small lot sales at low figures. Wax and hip leather in strong demand. calfskins and hides vary by weight and grade across unions and regions.
MENTIONED IN THIS ARTICLE
Brogan
Hemlock Gore
Brighton
New England
Buenos Ae
Montevideo
Rio Grande
Entre Rios
Agricultural Department shows U.S. farm product value
The Agricultural Department reports a total annual value of leading farm products at 4.0146 billion dollars. An itemized breakdown follows, starting with Indian corn at 1,900 units and corresponding values.
MENTIONED IN THIS ARTICLE
Agricultural Department
Washington
Agricultural totals for 19th century output reach over four billion
The report lists extensive harvest figures and values by commodity including wheat 450 million bushels for 627000 dollars and total agricultural output around 4.0146 billion dollars with items such as beef pork cotton oats potatoes fruits vegetables and tobacco among others.
Market Quotations Yesterday Opening High Low Close
The opening, highest, lowest and closing quotations yesterday, with the closing the same day last year, were as follows.
Flour and Grain Market Quiet Amid Mixed Trade
The July 28 market notes a quiet flour market with minimal in town activity while outside trade shows some flow. Corn prices firm with higher shipment prices and steady spot figures, oats easing but quoted reasonably. Export tallies from New York, Boston, Philadelphia and other ports show year over year changes, with wheat and flour exports up or down accordingly. price lists reflect multiple grain products, including oats and rye.
MENTIONED IN THIS ARTICLE
Beerbohm
London
United Kingdom
India
Atlantica
Pacific
Michigan
New York
Boston
T News
Montreal
Philadelphia
Baltimore
N. Orleans
Norfolk
Minnesota Bakers
Speng
Canada Superior
Canada
No 1
Canada Western
Eastern
Butter and Cheese Prices Hold Steady Across Markets
The butter market remains firm with light demand as prices rise. Western creameries at 22 23c and extra Northern at 23 2344c, some brands at 24c. New York steady. Chicago butter easier at 21 24c with light receipts. Cheese quiet with unchanged quotes. New York cheddar 10 14c, Chicago buoyant 9 10c. Montreal cheese export data noted, weight disputes to be settled with weighmaster certificates within six days after shipment.
MENTIONED IN THIS ARTICLE
New York
Chicago
Liverpool
Gazette
Montreal
Also Mentioned on This Page
Anoage
Occa Oe
II Atlantic
Bonanza “Development
Calumet & Hecla Wee
Franklin
Osceola O
Uiney
Boston & Albany
Boston & Lowell
Boston & Providence
Central of Mass
Sand
Cleveland
Cleve
Canton
Com
Flint & T
Ee & DP
Mangq
K. C
Clint
K.C
Spring. & Memp
Maine Central
Wis
Central
Bell Telephone
New Eng. Telephone
Lamson Store Sey
Pullman Palace Or Co
Cen. P. Ists
ALY Lis N. W
D.& RG Lst
R. G. de Mbs
St. P
Iazie
St. ’ C. We al Erie
O. Nav
W. Shore
Express
IES
Adams
Begeewses American
Wells Fargo
Amador Ee
N. Belle Isle
Belle Isle
Intario
Brunswick
Phenix Orneene
Quicksilv
Col. Coal
Con
Cal & Va
I Renfrew
Vehke D. Terra
Antiago
S.s of
el. Cristo
Eureka Con
Gould & Cur
Enn
Selena
Utah
Wisconsin
Hai
Minnesota
ST. Croix
Penokee
Raians City
Fort Scott & Gulf
Frenchman’s Bay
Bar Harbor
Bar Hashoe
Ld Orchard
New England Land Association
Heron Island
Maine
Portland
George M. Towle
C. J. Day
A. J. Bamford
B. S. Parker
E. A. Hall
C. J. Gage
L. J. Gunn
E. J. Hide
H. 5. Shepard
W. F. Smart
William Meehan
John H. Putnam
Patrick Donahoe
Frank A. Vanderlip
Financial Information Bureau
Chicago Investors’ Agency
American Finance Company
American Conduit Company
American Bell Telephone Company
Aldermanic Committee
Stevens
Chicago & East Ilinois Railroad Company
Register
Chicago & Indiana Coal Company
New Albany
Indiana Coal
Fowler
East Illinois
St. Anne
Illinois
Pew
H. H. Porter Syndicate
Chicago & Indiana Coal Railway Company
Goodlands
Ind
Momence
Ill
Ilinois
Boston News
Standard Oil
Northern Pacific
Wisconsin Central Line
Samuel J. Tilden
Winthrop Junction
Winthrop
Point Shirley
Revere Beach & Lynn Road
East Boston
West End
Hudson
Worcester
Massachusetts
Clarendon Mills
Boylston
Worcester & Nashua Division
Worcester & Nashua
Aldder, Peabody & UC
Devonshire St
Mass
Nassau St
Baring Brothers & Co
California
British Provinces
Iron Mining Securities
Gogebic Investment CO
State Street
Aurora Iron Mine
Aurora
Devonshire Street
New York and
Birmingham
Kansas & Western
Chicago, Burlington & Northern
Northern Pacific RR
Belmont Water Loan
Belmont
Winthrop L. Chenery
Boston Stock Exchange
Ww& Tt
A & Pac Pees
Air L
Central Pac
Ohio
Alton
Col See
Eee
Col. & HH. VV
del. & L
den & R. G
Fort W Wayne
Ft. W
Houst
Texas Ord
Toc
Minn
St. Ee
M & Ohio
Tee
Kesex
Nash
Chat
J. Cent
Louis
N.E
Ohio & Miss
West
W Ree
Isburg
Rich
Dan
Roch. & Pitts
Rock Island
Ile St. P
Texas Pace Ite
Toledo & C
V Pacific
Ae Bot
Utica & BR Seas
Td MT Ret
Siete
DL. E
Land and Aiscrilane
Orewon Tats Sien
Pacific Mail
Pullman Pal
Sipicn
Ah W. Union
American’ OU
Sasa
Wilson W. Fay & Co
ALES
Lord Acoustic
Lord Acoustic Tel
N. Y
Foreign Financial Markets
NEW York Financial
Railroad Matters
Vanderbilt
Chicago Markets
Utica Board of Trade
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