Money Market Quiet Start as Stocks and Bonds Edge Up
The Boston money market opened steady with yields from 4 1 2 to 6 percent and limited corporate paper. Clearing bank balances showed 3 percent loan activity, while New York funds traded near par to 12 1 2 cents per $1000 premium. The local stock market opened strong but cooled, with Atchison and several bonds rising, and dividends announced for Boston Consolidated Street Railway and Missouri Pacific Railway.
MENTIONED IN THIS ARTICLE
Boston
New York
Sterling Exchange
Boston Bank
Boston Consolidated Street Railway Company
Missouri Pacific Railway Company
Stock Market Dull Start As Declines, Mixed Recoveries Rise
Trading opened dull with broad weakness and uneven recoveries. Midday activity faded, sector leaders faltered while certain issues held firm. Rail bonds led on volume with $1,242,000. Atlantic & Pacific yielded $322,000, as several names showed mixed results and declines in others.
Market Report Sees Decline Sleep Through The Day
New York traders faced easy money on call at 4 to 10 with last loan at 5 and closing offered at 44 percent. Prime mercantile paper 5 6. Bar silver at 95 percent. Sterling exchange dull and steady. Government bonds dull and steady. railroad bonds dull to firm. Stock market quiet after 2:15 with further fractional decline led by Wheeling & Lake Erie. Early losses Ys to 4 percent, then steadied but closed dull near lows. Moderate business transacted.
MENTIONED IN THIS ARTICLE
New York
Sterling Exchange
Wheeling & Lake Erie
Foreign financial markets report with varied bond and stock quotes
London financial brief lists Consols at 9 16 for money and 1015 for the account. U S 4s quoted at 11242, Atlantic & Great Western at 454, Canadian Pacific 6254, Erie 367, Erie seconds 103, Illinois Central 16844, Mexican ord 61, Reading 2042, Mexican Central 187.
MENTIONED IN THIS ARTICLE
London
United States
Atlantic & Great Western
Canadian Pacific
Erie
Ilinois Central
Reading
California Southern Railroad Ends Compact with Southern Pacific
The Los Angeles Times reports that two years ago a San Francisco compact allowed California Southern trains to use Southern Pacific tracks from Colton to Los Angeles for a heavy annual rental. After a silent two year notice, California Southern unexpectedly began running over the California Central between Los Angeles and San Bernardino, while Mojave to San Francisco use by the Santa Fe remains unchanged and no two year notice has been given.
MENTIONED IN THIS ARTICLE
Los Angeles Times
San Francisco
California Southern Railroad
Colton
Los Angeles
Southern Pacific Railroad
Strong
California Southern
Stanford
Southern Pacific
San Bernardino
Mojave
Santa Fe
Atlantic & Pacific
Chicago Burlington and Quincy and Union Pacific Extension Plans
Repeated reports state Chicago Burlington and Quincy and Union Pacific plan joint extensions to Los Angeles and San Francisco. The article emphasizes possible regional rail growth and collaboration between the lines, outlining expected routes and implications for west coast service.
MENTIONED IN THIS ARTICLE
Chicago
Burlington & Quincy
Union Pacific
Los Angeles
San Francisco
Eastern Gentleman Bets on Rattlesnake Island Option
An Eastern gentleman named Smith has paid down about two thousand dollars for an option on Rattlesnake Island, owned by the Dominguez heirs. The deal hinges on a title abstract, taking roughly three weeks to complete. If closed, it suggests pooling by Potter and Touzalin, and possible route shifts by major rail lines toward Los Angeles.
MENTIONED IN THIS ARTICLE
Rattlesnake Island
Smith
Dominguez
Chicago, Burlington & Quincy
Union Pacific
Utah Central
Los Angeles
Tonzalin
Salt Lake
New Cars for Fitchburg Build at Troy Mechanicville
Fitchburg plans large scale car production in Troy Mechanicville and Charlestown shops. Twelve first class cars produced, fifteen more ordered. new cars measure fifty six feet with eighteen windows, light mahogany interior, Pullman tint exterior, crimson plush seating. Steam heat eyed for winter, electric lighting trials, improved platform ventilation, English crystal glass windows, steel tired trucks. Additional work includes three baggage cars and one hundred gondola freight cars and refitting demolished cars from absorbed properties.
MENTIONED IN THIS ARTICLE
Fitchburg
Fitchburg Company
Troy
Mechanicville
Charlestown
Boston, Hoosac Tunnel & Western Road
Troy & Boston
Boston
Hoosac Tunnel & Western
J. W. Marden
Marden
Central Mass railway completes track to new station
In Wann on June 13 the Boston & Lowell railroad finished track laying to Maple street near Knox avenue where the union passenger station will be built. The Central Massachusetts Railroad bought land for the station and local freight traffic increases as manufacturers like George H Gilbert plan about 4500 tons yearly. The first passenger from Boston to Ware will run June 27, with three daily round trips thereafter. Fare from Ware to Boston is set at 1 dollar and fifty cents.
MENTIONED IN THIS ARTICLE
Messrs. C. H. Venner & Co
Supreme Judicial Court of
Massachusetts
Circuit Court of the United States, District of Kansas
United States Supreme Court
Atchison, Aarets & Santa Fe
Chicago
Santa Fe
California
Illinois
Iowa
Atchison Company
Atlantic & Pacific Railroad Company
Caliornia Southern Railroad Company
Atchison
Southern Kansas Railway Company
Indian Territory
Colorado
Kansas
Supreme Court of New Hampshire
Northern Railroad
Boston & Lowell Railroad
California Southern
Atlantic & Pacific
New York
Inc
Cos
Wisconsin Central
Ationgz
Rere
Atlantis
Bonanza
The
Brunswick Anthony
Calumet & Hecla
Eaene
Sii
Franklin
Useevla Poaewtreeseees Huly
Bo Tamarack
Boston
Aspinwall
Brookline
Pecos
San Diego
West End
Atlantic & Pac
Cal
Kan
Western
K. C
Ft. 8
Gulf
L. Rock & Ft. Smith
Central
Seri P
Pac
Sonora
Topeka
Atlantic
Boston & Albany
Wil
Boston & Lowell
Seace
Boston & Maine
Boston & Providence
Chi
B. Ilinois
Bote
Burl, & Northern
Burl, & Quincy
D& W
Michigan
Central of
Spring
BO L. Rock & Ft. Smith
N.Y
N. K. Con
N.eret
Oregon Short Line
Old Colony
Rutland
Union Pacific
Bell Telephone
New Eng
Erie Telephone
Lamson Store Serv. Co
Pullman Palace
Central Massachusetts
Knox Avenue
Maple Street
Central Massachusetts Railroad Company
Boston & Lowell Company
New Road
George H. Gilbert Manufacturing Company
Fitchburg Railroad Changes At North Adams After Consolidation
North Adams June 13 The Fitchburg railroad has announced changes following the purchase of the Troy and Boston and Boston Hoosac Tunnel and Western lines. George E Dudley departs as North Adams agent this Wednesday for Troy with W J Lemoin taking over locally. W W Wilcox shifts to Hoosac Falls as Fitchburg agent. Lemoin previously served as Locke s private secretary on the State road.
MENTIONED IN THIS ARTICLE
Fitchburg
North Adams
Fitchburg Railroad
Troy & Boston and
Boston, Hoosac Tunnel & Western Railroad
George E. Dudley
State Road
Troy
W. J. Lemoin
W. W. Wilcox
Boston, Hoosac Tunnel & Western
Hoosac Falls
Monthly meeting of New England agents association
Regular monthly meeting set for next Wednesday at Pathfinder Railway Guide office to discuss adopting a union tariff for excess baggage. Also notes NYNH&HR books closed for July 14 special meeting to ratify agreed leases. Includes various railroad earnings and dividend extension offers.
MENTIONED IN THIS ARTICLE
New England General Ticket and Passenger Agents’ Association
Pathfinder Railway Guide
New York
New Haven & Hartford Books
St. Louis
Arkansas
Texas
Mobile & Birmingham Road
Mobile
Richmond
Northern Pacific Railroad
Manchester & Lawrence Railroad
Manchester
N. H
Boston & Maine
Kansas City
Fort Scott & Gulf
Clinton
Springfield
Memphis
Protestant Cathedral in New York Faces High Costs and Endowment Needs
An analysis from the Philadelphia Press argues the New York cathedral project will exceed 6 million dollars, potentially reaching 15 million. It notes comparable cathedrals cost 2.5 to 5 million, with annual running costs around 50 thousand to over 100 thousand, and stresses the need for endowments to sustain both the cathedral and a college.
MENTIONED IN THIS ARTICLE
Philadelphia
New York Cathedral
Lincoln Cathedral
Liverpool
Europe
Potter
Stewart
Garden City
New York
Grain Prices and Stock Reports Show Mixed Market Activity
Wheat, corn, oats, rye, and barley prices move with oats firm to bid up while corn softens. Stockpiles in Chicago and New York show large wheat and corn holdings with steady millfeed demand. Exports from seaboard ports rise, flour and grain receipts at major ports increase, and various flour grades command firm to high prices amid steady to strong sugars and butter.
MENTIONED IN THIS ARTICLE
Chicago
New York
Seaboard
Bush
Boston
Philadelphia
Baltimore
New Orleans
United States Seaboard
Minnesota Bakers
Michigan Stone
Sonia
Canada Superior
Canada
New
Canada Western
Eastern
Coffee Market Declines After Mixed Signals and Panic
The New York Commercial Bulletin reports a volatile coffee market with Brazilian buying waning, Havre weakness, and a fresh local short interest. Dealers note slave unrest in Brazil and a general oversupply sentiment as prices slide from July 17c to around 16c, with heavy selling by Gruner Crossman and Brazilian bears, and several firms failing.
MENTIONED IN THIS ARTICLE
New York Commercial Bulletin
Havre
Europe
Galveston Cotton Syndicate
Brazil
Lyce
Rio
Gruner and Crossman & Co
Rio Janeiro
Gruner- Crossman Party
B. G. Arnold & Co
Mackay and Small
Market Reports June 13 Flour and Grain
Market tone steady with limited change. Flour sales are cautious as buyers wait for needs. Corn trades quiet with moderate activity and Steamer yellow sold at 52 cents track lots and 58 cents elevator lots. Other grades quoted with sales reported.
Market Report Shows Quiet Butter Prices and Steady Cheese
The butter market remains quiet with prices firm across regions. Western extra and New York creamery quotes appear at 18 to 21 1/4 cents. Canton and Ogdensburg sales noted. eggs and seeds show firm demand, with New York and Philadelphia markets steady and Chicago easing slightly. cheese and other dairy products reflect unchanged or steady pricing.
MENTIONED IN THIS ARTICLE
New York Creamery
Prairie de Sac
Sun Prairie
Canton
New York
Eastern Creamery
Western Creamery
Ogdensburg
Philadelphia
Chicago
Elgin Creamery
Liverpool
Islanda
Nova Scotias
Vermont
Also Mentioned on This Page
Phacen Es
Eecessee
Wall Street
Galveston
Tex
Gas City
Gulf, Colorado & Santa Fe
Atchison,Topeka & Santa Fe Consolidated Systems
Southwest
Gulf of Mexico
New York Stock Exchange
Bub
Miles
Louisville
Evansville
St. Tis
Inc. Miles
Charles H. Prescott
Oregon Railway and Navigation Company
H. S. Rowe
Wade
Mexican Central
New England
W.S. Lawson & Co
New York & New Haven
Lake Champlain
Evansville & St. Louis
Southern Kansas
Trust
Calumet & Heela
Osceola
Brunswick Antimony
Paygon
Frenchman’s Bay
House
Senate
Basset, Whitney & Co
Bankers & Brokers
Devonshire Street
Kidder, Peabody & CO
Nassau ST
Kansas City Cable Railway
Mortcade
New England Trust Company
Blake Brothers & Co
State Street
C.H. Venner & CO
Bankers
Congress Street
Asa P. Potter
J. W. Work
Boston Stock Exchange
Baok
O& LE
Brunswick
Erie Tel
Brookline Land
Frenchman's
Eau A
T& By Relhe
A&p
Crane
de Biv
Hoston & Lowell
Lw&n
Rice Green
Ny&ne
UN Pac
BU A
T&s
A& Pine
Ck& W
Meat & Sons
Fuller
Wheeling & Lake
Stock
Oregon
Detroit
Mackinack
W& Marquette
Gulf, Colorado & Santa
Paul
Cal & Hee
Wee
Agys NE
Tayron Ld
San Diego Ld
Wollaston Land
West End Land
A. . Nee
B& Alb
Bos & Lowell
Dobbo
Cb&n
Cib&q. Ae
San
Cley & Cant
Ilo Do
L&n
Ratland
Petwren
SALLS
A & Pac
Cal So Inc
Sonn
Guy
Boston WP
Brookline Ld
Rutland Pia
Causs
M & Birm
E& Stl
Scrip
Ee Bell
Boston W P
Bie Payson
Winthro Ld
Opey West
Sg &Pm
L& Nor
S. O
Ing
Ing. Alt
T. Eve Cees
WB. & Ale Ly Eee
C.R. & Peein
Siseene
Central Pac
Coos
St. Li
Rees
del. & L
Igo Ae
Den
R. G., Goo
Eeae Ii
Fort Wayne
Ates
Houston & Popes
Kas, & Tex. Os
Gui
Kingston
Lou. & N
Lou
Man
Mich
Enee
Eneae
Tees
Minn
Pacific
Ohio
Essex
Nash
Chat
Ray N 'Roa
J. Cent
Oeal
Nor
Northwestern
N. Oe
Ohio & Mise
West
D&e
Pittsburg
Rich, & Dan
R&w. P. Big
Ts Bha Roch
Pit Weer
Rock Island
St. L
8. F
St Paul
St. P
Wed
L. E
Oregon Lines
Pacific Mail
Pullman P. al
Ibis
W. Union
N.W
N.W. Deb. 68.110 110 D.& 2 KG. Ista. L202 L211, Ie L.& 8. FP. B. & Rk
G. W
P. Tbs
St. R
Tex. P. L. G
Tex. P.R.G
Pienhas
W. Shore
U.eevee
Adams
Fargo
Amador
Plymouth
Aes
Quicksilver
Santiago
Silver King
Cristo
Stanistius
Tenn. C
Ontario
Wilson W. Fay & Co
Bowman
Cin. & Bt
Leni
Bruns
NEW York Financial
Ccceseeucs Ous
Beistier
Esas
Con
Whee Bly
Crown Point
Sierra Nevada
Tenesa
Eureka
Utah
Gould & Curry
Railroad Matters
Safe Deposit & Trust Company
Milk Street
Nathaniel J. Bradlee
John Cummings
Oliver Dit’ Boxy
James Longley
F. W. Lincoln
George C. Lord
F. M. Stone
Daniel Needham
Otis Norcross
Loun Felt Ossgood
M. Denman Ross
Nathaniel J. Rust
F.M
Brook Henry
Shal
Miles Standish
Benjamin F. Borey
Gerard C. Tobey
Thomas J. Whidden
Edward P. Bond
Safe Deposit Depte
Solomon Lincoln
Chicago Markets
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