Money Market Stays Quiet as Bonds Rise in Boston
The Boston money market remained quiet with good loanable funds and moderate demand. General paper sold at 4 to 5 percent, call loans at 4 to 5 percent, while government securities showed strength above 10 percent. Atchison and Union Pacific traded mixed as earnings and securities moved on market expectations.
MENTIONED IN THIS ARTICLE
Boston
New York
Sterling Exchange
San Diego
Atchison
Wall Street News
Chicago
Wisconsin Central
Western Avenue
Twenty Sixth Street
Indiana
Twelfth Street
Taylor
Union Pacific
Foreign Financial Markets and Bank of France Report
London June 2 Consols steady with slight shifts across issues. Atlantic & Great Western firsts at 454 1/2, Canadian Pacific 63 7/8, Erie 3 0 5/8, Illinois Central 140 4 2, St Paul 96 3/8, New York Central 116 1/2, Reading 26 1/2. Bank of France gold down 1,175,000 francs, silver up 1,450,000 francs. Bank of England bullion down 108,000 pounds. reserve ratio falls from 47.04 to 46.44 percent.
MENTIONED IN THIS ARTICLE
London
Atlantic & Great Western
Canadian Pacific
Erie
Ilinois Central
St. Paul
New York Central
Bank of France
Bank of England
New York stock market slips on heavy selling June 2
Money on call easy 4 to 6 pct with last loan at 4. Market opened irregu lar and sold off after 12 oclock with Pacific Mail and Richmond & West Point especially weak. Bears dominated intraday, later recovering to end quiet to firm as readings show heavy bond and stock activity and large rail and income issues traded.
MENTIONED IN THIS ARTICLE
New York
Prime Mercantile
Sterling Exchange
Richmond & West Point
Reading
Pacific Mail
Bears
Fort Worth
Denver
Mexican Central
Atlantic & Pacific
Chicago
Burlington & Quincy
Syracuse
Binghamton & New York
Oregon Improvement
Texas Pacific
Rio and Trust
Wabash
Green Bay
Indiana
Bloomington & Western
Central Pacific
San Joaquin
Fort Wayne
Lawson & Co
Gould
Echmond
China
British Columbia
Canadian Pacific
Richmond Terminal
Cammack
Boot and Shoe Buyers In Town From Many Cities
Altoona Pennsylvania J A Curtis of Fox and Curtis. Baltimore Maryland D H Stevenson of Stevenson and Slingluf Tre. Binghamton New York H A Goff of Stern Goff and Co. Am Chicago IJ H L Seixas of Cook and Seixas Tre. Chicago Lil C W Marks. Chicago NI S Goldsmith of Goldsmith Stein and Co Ad. e eos O W W Laws of W H H Laws and Co Ad. Dallas Texas J Newberger of Sanger Bros Re. Davenport Iowa S P Bryant of 8S P Bryant and Co e. Dubuque Iowa W P Large Tre. Denver Colorado H Plonsky of Burton Bros Pa. Indianapolis Indiana A Jones Jr of Jones Mc Kee and Co Ad. Little Rock Arkansas I Wolf Pa. Macon Georgia I Dannenberg of W A Doody and Co a. Milwaukee Wisconsin G H Atwell Ad. Mobile Alabama l Bernstein Re. Montgomery Alabama D Weil of Goetter Weil and Co Pa. New York New York S H Powers Re. Philadelphia Pennsylvania W H Weiner of Weimer Wright and Watkins Tre. Philadelphia Pennsylvania G W Terry of Samuel Bunting's Sons and Co No 7 Reading Penn W Curtis of Curtis Jones and Savannah Ga L F Collar of Collat Bros St Louis Missouri J H Shafer of Shafer Swarts and Co San Francisco California S W Rosenstock of 5 W Rosenstock and Co Tre. Toledo Ohio S W Nettleton Rd
MENTIONED IN THIS ARTICLE
Altoona
Penn
J A Curtis
Fox & Curtis
Baltimore
H Stevenson
Stevenson & Slingluf
Tre
Binghamton
A Goff
Stern, Goff & Co
Chicago
L Seixas
Cook & Seixas
Lil
Marks
S Goldsmith
Goldsmith, Stein & Co
W Laws
Laws & Co
Dallas
Tex
Milwaukee
Wis
H Atwell
Mobile
Ala
L Bernstein
Montgomery
D Weil
Goetter, Weil & Co
New York
S H Powers
Philadelphia
Pennn
W H Weiner
Weimer, Wright & Watkins
W Terry
Samuel Bunting’s Sons & Co
Reading
W Curtis
Curtis, Jones
Fire Marshal Reports High Fire Losses and Carelessness
Fire Marshal Whitcomb presented the annual report to the city council detailing fires from November 8 1886 to May 1 1887. It lists locations causes owners contents affected losses and insurance, notes 344 fires investigated and attributes many to carelessness. He links incendiary fires to insurance company practices and over-insurance incentivizing arson.
MENTIONED IN THIS ARTICLE
Whitcomb
Reagan promoted to assistant chief of Boston fire department
Assistant Chief John W. Reagan, advanced from captain, gains top post last week. He has served since boyhood and is praised by business and insurance leaders for his efficiency. Reagan will oversee the rose and harness divisions and assist Chief Webber during his absences.
MENTIONED IN THIS ARTICLE
John W. Reagan
Boston
Reagan
Rose and Harness
Webber
Department
Regatta Planned by Eastern Yacht Club at Marblehead
The regatta committee declares a triangular course of twelve mile legs totaling thirty six miles for June 21 off Marblehead. Starters include Julia designed by A Cary Smith and purchased by J Jefferson Coolidge and Sachem. New York owners invited with Lt William Henn of Galatea also invited. Start at 11 o'clock off Half-Way Rock.
MENTIONED IN THIS ARTICLE
The
Eastern Yacht Club
Marblehead
Julia
A. Cary Smith
J. Jefferson Coolidge
Sachem
New York
Galatea
Ives Stayner Deal Rocks Vandalia Rail Network
An Indianapolis dispatch reports Henry Ives has secured from McKeen an option on the Vandalia property for 2 million dollars. The Vandalia system includes several Indiana and Illinois lines with complex lease and guarantee arrangements involving the Terre Haute and Indianapolis, Pan Handle, and Pennsylvania interests. A separate City of Mexico note mentions railway contracts and ongoing construction across Mexican lines. Executives in New York and Boston are preparing to issue up to 40 million dollars in bonds at five percent, with a transit plan to place the bonds in multiple markets.
MENTIONED IN THIS ARTICLE
Indianapolis
Henry I. Ives
McKeen
Vandalia
Terre Haute & Indianapolis
Indiana State Line
St. Louis
Terre Haute
Terre Haute & Logansport
Indiana
Coal Road
St.Louis
Pan
Pennsylvania
Big Four
Cincinnati
William M. Thayer
George N. Stark
Nashua
N. H
William Rotch
Boston
H. A. Blood
Fitchburg
Levi M. Bates
C. V. Liddell
T. N. Bruin
New York City
W. C. Chapman
D. C. Lindley
Canada
L. E. Chittenden
Boulevard
Fifty-ninth Street
Pelham Avenue
New York
Canadian Pacific Railway reports four month earnings and April gain
The Canadian Pacific Railway Company shows gross earnings of 2 723 793 for the four months ending April 30, 1887 with working expenses 2 487 340 and net 1 236 453. The April net income is 282 456, up from 608 065 year earlier. The Abyssinia sails May 30 from Vancouver with 81 cabin passengers and cargo including 2 500 000 pounds tea and 63 bales silk. It plans to sail to Yokohama and Hong Kong June 20.
MENTIONED IN THIS ARTICLE
Canadian Pacific Railway Company
Abyssinia
Canadia Pacific Line
China
Japan
Directors Re-elected as Chicago & Rock Island Stockholders Meet
At the Chicago meeting of the Chicago & Rock Island Railroad stockholders, all last year’s directors and officials were unanimously reelected. The annual report shows 1887 figures with declines in net and balance compared with 1886, and notes favorable changes in land sales and surplus. Southern California rail news reports rival lines clashing, SP expansion toward San Diego, Santa Ana, and possible steamship links to Honolulu.
MENTIONED IN THIS ARTICLE
Chicago & Rock Island Railroad Company
Chicago
Southern California
Southern Pacific Company
Atchison, Topeka & Santa Fe Company
San Juan Capistrano
Oceanside
Southern Pacific Railroad Company
Santa Ana
San Diego
Atchison, Santa Fe Company
Santa Diego
Honolulu
Topeka
Claus Spreckels
Santa
Canadian Pacific
New C M and St. Paul Line Opens Sioux City to Manilla
Beginning June 5 1887 the Chicago Milwaukee and St Paul Railway opens a new line linking Sioux City and Manilla and via the Chicago and Council Bluffs division offers the shortest through route from Chicago to Yankton. Through Pullman sleepers run without change between Chicago and Sioux City. The line creates a direct route connecting eastern southern and central Dakota Nebraska central Iowa and northern Illinois.
MENTIONED IN THIS ARTICLE
Chicago, Milwaukee
Baltimore and Ohio deal clarified by Garrett declaration
Kiernan cites a Garrett statement to counter rumors about the Baltimore and Ohio deal. Garrett says the plan extends the system and grows business, not surrender control, and denies Jay Gould holds any Balti more & Ohio stock or influence. He adds the line to New York will be B and O’s own route.
MENTIONED IN THIS ARTICLE
Kiernan
Robert Garrett
Mr. Garrett
Baltimore & Ohio
Jay Gould
Gould
Garrett
New York
First Interest Payment On Wabash East Line Due Receiver McNulta
The first interest payment in twenty eight months for the eastern Wabash lines is issued by Receiver McNulta. Disbursements include Lake Erie Wabash & St Louis firsts 87500 Great Western firsts 879360 Decatur & East St Louis firsts 94500 Illinois & Southern Iowa firsts 10500 first mortgage funded debt bonds series A 16702 Quincy & Toledo firsts 17500 and six months interest on mortgage scrip certificates. Total 807561 with nearly 50000 more interest on interest.
MENTIONED IN THIS ARTICLE
Wabash
McNulta
Lake Erie
Wabash & St. Louis
Great Western
Decatur
East
Quincy & Toleo
New York Boston Rapid Transit Members Inspect Hub Line
The New York and Boston Rapid Transit Company officials arrive to study a proposed line from New York to Boston. Joseph R Bodwell of Maine serves as president and J Gregory Smith of Vermont as vice president, with they visiting since Wednesday.
MENTIONED IN THIS ARTICLE
NEW York & Boston Rapid Transit
New York
New York & Boston Rapid Transit Company
Joseph R. Bodwell
Maine
J. Gregory Smith
Vermont
Lawrence aldermen hear petition on railroad route
The Lawrence Massachusetts board of aldermen held a morning hearing on the Haverhill and Lawrence railroad petition for a city route. The session was lively. by 1 pm the hearing closed and the petition for Canal street was rejected. A different route must be chosen if the railroad seeks entry.
MENTIONED IN THIS ARTICLE
Lawrence
Mass
Haverhill & Lawrence Railroad
Canal Street
Vicksburg & Meridian Road
Missouri Pacific
Milwaukee
Lake Shore & Western
Louisville & Nashville
Denver & Rio Grande
Atchison
Colorado
New Mexico
Oregon Railway and Navigation Company
Portland
Ore
Union Pacific
Oregon &Transcontinental Company
Oregon Improvement Company
New York
Reading
Jersey Central
Old Colony Railroad
Cleveland Leader
Baltimore & Ohio Connection
Cleveland
Central Iowa Railway First
Lake Shore
Real Estate Transfers in Suffolk County Highlights May Transactions
Suffolk County records show multiple May transfers. Edinboro street and Grandview street parcels change hands for small sums, with several properties mortgaged back. Additional transfers occur on Huntington, Cambridge, Marlboro, Adams, Newbury, Roxbury, West Roxbury, and East Boston, including city street developments and large lots in Charlestown.
MENTIONED IN THIS ARTICLE
Edinboro Street
Frederic W. Hassam
Louis Abrams
Joseph F. Wilson
Jacob Berwin
Caleb W. Loring
Arandview Street
Granville S. Seaverns Et al
John J. Teevens
Grandview Street
Huntington Avenue
Josiah B. Kendall
Albion Knowlton
Cambridge Street
T. Jefferson Coolidge
Henry M. Whitney
Cambridge and
Charles Streets
Marlboro Street
John W. Shapleigh
Fannie W. Benedict
Adams Place
Mary E. Fountain
Frederick FE. Hanson
Newbury Street
William 5. Rand
Joshua Ss. Ingalls
Roxbury
John H. Haines
Emeline B
Shirley Street
West Roxbury
George W. Chamberlain
George C. North
William H. Wood
Herbert A. Tuttle
Brook Street
South Boston
Irene D. Lloyd
William Ruth
Fourth Street
Michael A. McCarty
Cornelius Casey
East Eighth Street
John D. Bates
Rudolph J. Pierce
F Street
Boston
Mary Brown
Amos Croucher
Chelsea Street
Workingmen’s Cooperative Bank
John H. Burnham
Albert F. Low
Lexington Street
Charlestown
Ephraim L. Hall
Charles W. Cogswell
Bunker Hill Street
Mortgage filings list various Boston area property liens
A sequence of May 21 2000 mortgage notices recorded across Boston area neighborhoods. Frederic P Ingalls to Pamelia J Cartwright on Cumston Street. Carl J Benson to West Roxbury Cooperative Bank on John A Andrew Street. Algonquin Club to Oliver Peabody on Commonwealth Avenue. John McCarthy to Francis J Ward on Longwood Avenue. Elon E Forbes to Brighton Five Cents Savings Bank on High Street. Elbridge L Hutchins to Merchants Cooperative Bank on Milton Avenue. Daniel Buckley to Granville S Seaverns on Granville Street. Elizabeth Patterson to West Roxbury Cooperative on Hemlock Street. John C Loud to Suffolk Savings Bank on Charter Street. Frank W Kragman to Brookline Savings Bank on Englewood Avenue. Margaret Ann Emroe to Tending Cooperative on Parker Street.
MENTIONED IN THIS ARTICLE
Frederic P. Ingalls
Pamelia J. Cartwright
Cumston Street
Carl J. Benson
West
Francis J. Ward
Longwood Avenue
Xbury
Elon E. Forbes
Brighton Five Cents Savings Bank
High Street
Faneuil
Elbridge L. Hutchins
Merchants’ Cooperative Bank
Milton Avenue
Dorchester
Daniel Buckley
Granville
Seaverns
Granville Street
Roslindale
Elizabeth Patterson
Charter Street
Frank W. Kragman
Brookline Savings Bank
Englewood Avenue
Brighton
Margaret Ann Emroe
Tending Cooperative Bank
Parker Street
Commercial Markets Show Mixed Steady Leather and Grain
The leather market is quiet with most items like fiks and bats steady while fomar remains firm. Grain and feed items show limited movement with ry flour in light demand and oats steady, butter and oils mixed as coking notables hold firm.
MENTIONED IN THIS ARTICLE
Mit
Leather and Hides Market Delivers Mixed Signals Amid Steady Prices
Leather and hides markets show quiet demand with steady prices across several items. Picked leather demand is light for brogan and cheap hides, while rough calfskins and finished leathers report fair sales. buffalo and calfskin prices vary, and river/kips from Rio Grande and Montevideo fetch mixed bids.
MENTIONED IN THIS ARTICLE
Rio Grande
Buenos Ayres
Santa Fe
Montevideo
Texas
Ceara
Sierra Leone
Entre Rios
Cordova
Rangoon
River Plate
China
New Orleans
Brighton and Country
Calcutta
Lée
Brighton
New England
West
Boots and Shoes Trade Outlook in New England Markets
The boot and shoe sector shows little new activity with major buyers moving through and orders from samples sold. Labor troubles have eased across New England, warehouses report steady trade, and buff leather goods gain popularity while misses and children lines stay busy. Some firms cut prices early, hurting margins, but overall orders and outputs rise as buff shoes and calf lines remain strong.
MENTIONED IN THIS ARTICLE
New England
Worcester County
Lynns
Haverhill
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