Money Market and Clearing House Figures 1887 Shows Gains
The Boston Money Market report for June 25 1887 notes active yet tight liquidity with call loans 6 to 8 percent and mercantile paper 4 to 7 percent. Clearing house balances stood at 6 percent, New York funds discounted, and weekly clearings near 89 million with about 1.48 million in balances. New York bank reserves fell slightly while city stocks drifted. copper, water powers, and rail bonds moved, and a market tone pointed to higher prices next week amid debt settlements and pool activity.
MENTIONED IN THIS ARTICLE
Boston
Corporation
New York
Sterling Exchange
Boston Post
Dividends Declared by Multiple Companies This Period
The International Trust Company maintains a 3 percent semi annual dividend with surplus at 260000 dollars. Boston Marine Insurance Company declares a 5 per share dividend. Atlantic Cottonmits Company sets 3 per share. Chicopee Manufacturing declares 3 percent. Manchester Mills issues 5 percent. Boston Colorado Smelting quarterly 24 percent. Brockton Gas quarterly 175 per share. Salem Electric Lighting quarterly 1 percent. American Loan and Trust Company declares a percent dividend payable July 1, up Ya percent from January.
MENTIONED IN THIS ARTICLE
International Trust Company
Boston Marine Insurance Company
Atlantic Cotton Mits Company
Chicopee Manufacturing Company
Manchester Mills Company
Boston & Colorado Smelting Company
Basset Whitney & Co. Bankers and Brokers
Basset Whitney and Co. operate as bankers and brokers listed on the New York and Boston Stock Exchanges. They buy and sell stocks and bonds for investors or on margin and deal in municipal and railroad securities for clients.
MENTIONED IN THIS ARTICLE
Europe
California
British Provinces
Boston
New York
Philadelphia
State Street
F. H. Pringe & CO
Mass
Kansas City
Memphis
Birmingham
Chicago
Kansas & Western
Boston Stock Exchange Sales at Brokers' Board
The Boston Stock Exchange reports sales at the brokers' board dated June 25. Trades involved listed securities with prices and volumes reflected in the daily session. Market activity shows fluctuations consistent with the midweek trading pattern and investor demand for key issues.
MENTIONED IN THIS ARTICLE
Brokers’ Board
New York Stock Market Faces Pressure From Gould Control
New York financial reports show a mostly quiet session with mixed results as rumors of Treasury action and anticipated July disbursements influence trading. Manhattans dipped from 130 to 184, while bonds and railroad issues stayed dull except for some activity in Atlantic & Pacific. Analysts blame Gould and Sage for the market squeeze and warn of potential further declines even after a brief rally. The bank surplus reserve fell by 1.2 million, signaling tighter money ahead as July demands approach.
MENTIONED IN THIS ARTICLE
New York
Stock Exchange
Secretary of the Treasury
London
Manhattan
Romana
Fort Worth & Denver
Atlantic & Pacific
Fort Worth
Denver
Norfolk & Western Oe
Ohio Southern Firsts
Shenandoah Valley General
Mobile & Ohio Firsts
W. S. Lawson & Co
Gould
Sage
Mining and Miscellaneous Stocks Sales Report
Mining and miscellaneous stocks are listed for sale dated June 25 by Wilson W Fay Co Boston. Items include Bruns Ships' Berth American Shoe Tip Dunkin Dunkin Am Elec Morg Nantucket R BR Gray's Dynamo Elec Mach Lord Acoustic Telephone Bruns Antimony and other securities with varied quantities noted.
MENTIONED IN THIS ARTICLE
Wilson W. Fay & Co
State Street
Boston
Eeeereere
Mass
Lord Acoustic
Seeeen
Eeseee
Tel
Cin
St. Louis
Liued
Dunkin
Ossee
Aoneses
Elec
Morg
Custis Cosenves
Nantucket
R. BR
Mining Stock Closing Prices at San Francisco
San Francisco June 25 official closing prices for mining shares show details on many issuers including Alta, Navajo, Belcher, Ophir, California and Nevada, Bodie Consolidated, Chollar, Gould & Curry, Hale & Norcross, Mexican and others. Data lists each stock with price levels and daily movements.
MENTIONED IN THIS ARTICLE
San Francisco
Cal
Alta
MONO
Rown Rye , Gould & Curry
Hale & Norcross
Eli “Jacket
Cserreers
London Markets Steady Amid Panic Wave in New York
Foreign financial markets report calm in London with a general belief that worst has passed. The Pall Mall Gazette notes Wall Street panic. U S stocks and bonds show mixed moves while American and Canadian securities trend down. Discount rates firm in London. American railroad earnings cited as favorable, Continent trading subdued and prices uneven.
MENTIONED IN THIS ARTICLE
London
New York Stock Exchange
United States
Erie
St. Paul
Pennsylvania
Reading
Canada Northwest Land Company
New York
Wall Street
All Gazette
Gould
Vanderbilt
Wanama Canal
Berlin
Suez Canal
Rail road assets traded amid stock swaps and guarantees
The Duluth South Shore and Atlantic syndicate bought and leased the Marquette Houghton and Ontonagon line, offered to swap 30 percent of common for preferred stock, and claimed the railway now trades below its purchase price by about 18 percent despite higher earnings. The annual report due May 20 will show full earning of the guarantee with no treasury deficiency.
MENTIONED IN THIS ARTICLE
Duluth, South Shore & Atlantic
Marquette, Houghton & Ontonagop
Sault Ste. Marie
Duluth, South Shore &Atlantic
Central Mass railroad extension opens for public traffic
The Central Massachusetts railroad extension from Jefferson to Ware is certified for public traffic and trains run Boston Ware begin today. The 26 mile line includes ten stations from Muschopange to Ware with through trains at 7 15 am 12 05 pm and 3 50 pm from Boston and returning times. Grading toward Northampton progresses with rail laying set to start July 1 and a through service to Northampton aimed by October.
MENTIONED IN THIS ARTICLE
Central Massachusetts
Central
Hardwick
Gilbertville
Ware
Jefferson’s
Quinapoxet
Rutland
Goldbrook
Boston
Northampton
Massachusetts
Lowell Road
Louisiana and Missouri River Railroad Report Issued
The printer report shows the road leased to Chicago and Alton for 35 percent of gross earnings with a minimum rental of 1370 per mile. Mileage totals 100 9 10 miles. 1886 gross earnings were 653,535 while 1886 rental reached 188,510 92 leaving 35,261 13 to reduce Chicago and Alton debt to 128,857 37 as of Jan 1 1887. Future rentals will fund interest on first mortgage bonds and guaranteed stock, current expenses, Chicago and Alton indebtedness, and principal on 59 first mortgage bonds beyond 16,000 per mile of finished line.
MENTIONED IN THIS ARTICLE
Fairchild
Boston
Atchison
Chicago, Kansas & Western
Southern Kansas
Atlantic & Pacific
Union Pacific
St. Joseph & Grand Island
Jay Compan
Kage
Summit
Mexican Central
Mexican Central Railroad Company
Louisiana & Missouri River
Louisiana & Missouri River Railroad
Chicago & Alton
Chicago & Alton Railroad
Securing Northern Railroad Control From Boston and Lowell
Preparations are under way to sever relations between the Boston and Lowell and Northern roads under the existing lease and place the Northern under its own control per a New Hampshire Supreme Court decree issued last March to take effect July 1. Executive officers for the road under the new arrangement are not yet appointed, but General Freight Agent Turner and General Passenger Agent Storer are expected to fill similar posts on the Northern road for now. Train schedules and tariffs remain unchanged until permanent arrangements are finalized. A prominent lawyer says a lease to the Boston nine for five years starting July 1 is not possible under the court mandate, and pursuing the injunction via the United States Court is unlikely since all parties reside in the state.
MENTIONED IN THIS ARTICLE
Chicago, Burlington & Northern
Chicago & West Michigan
Wisconsin Central
Louisville, Evansville & St. Louis
New York & New England
Oreon
Pueblo & Arkansas
Ogdensburg & Lake Chamlain
Portsmouth
Great Falls & Conway
Fitchburg
Eastern
Lowell
Northern
Boston & Albany
Ogdensburg
Bell Telephone
Bonanza
Osceola
Calumet & Hecla
Calumet & Heela Smeltin Company
Lake Linden
Thomson-Houston Electric Light
New York Commercial Bulletin
Lake
Baltimore
Orford
London
Rock Bottom
Water Power
Preferred Stock Exchange
West End
San Diego
East Boston
Boston & Lowell
Northern Roads
New Hampshire Supreme Court
Turner
Storer
Northern Road
Boston Nine
United States
Dow Et al
The
Northern Railroad
Another railroad lease ratified by New Haven stockholders
In New Haven on June 26 stockholders of the New Haven and Northampton railroad voted 21 840 to 1260 to ratify a ninety nine year lease to the New York and New Haven road. The Northampton dividend starts at 1 percent first year then rises to 4 percent for the remaining eighty nine years.
MENTIONED IN THIS ARTICLE
New Haven, Conn
New Haven & Northampton Railroad
New York & New Haven Road
Northampton Road
Penobscot Central Railroad Elects New Directors
In Bangor on Saturday the corporators of the Penobscot Central Railroad elected new directors including W F Pearson Matthew Lincoln Bangor Ephraim Flint Dover John Morrison Corinth Noah Barker Exeter T P Batch elder Kenduskeag G L Jewett Levant John H Higgins Charleston Charles W Lord Bangor Thomas J Peaks Charleston Joseph B Wheeler Corinth A committee was appointed to negotiate a lease with Bangor and Piscataquis railroad and directors were instructed to issue bonds up to 300000 at 5 percent and issue 250000 in preferred stock bearing 5 percent.
MENTIONED IN THIS ARTICLE
Penobscot Central Railroad
Bangor
W. F. Pearson
Matthew Lincoln
Ephraim Flint
Dover
John Morrison
Corinth
Noah Barker
Exeter
T. P. Batchelder
Kenduskeag
Boston and Maine Announces Mileage Tickets and Fares
The Boston and Maine Railroad will issue bearer mileage tickets starting July 1 at 2 cents per mile for main line and branches. On the Manchester and Lawrence route, fast trains will show a 3 cent per mile rate between stations and 180 cents per mile between Manchester and Boston. Freight rates will drop by about 40 cents per ton on Manchester freight.
MENTIONED IN THIS ARTICLE
Boston & Maine Railroad
Manchester & Lawrence Road
Boston & Maine
Manchester
Boston
Rail earnings and road data update from June reports
The Financial Chronicle notes June week earnings for fifty nine roads at 3,704,520, up 535,790 from last year, while week three shows twelve roads earning 1,238,358, up 135,50 from the prior year. Michigan Central trims mileage to 2 cents per mile and lines in Manitoba discuss a new border railway. Several railways report quarterly and year-to-date earnings across lines including Kansas City Fort Scott & Gulf, Detroit Lansing & Northern, Northern Pacific, Canadian Pacific, and others with mileage figures and gains.
MENTIONED IN THIS ARTICLE
Financial Chronicle
Michigan Central
Grand Forks
Dak
Boundar
Norquay
Manchester Lawrence Railroad
Ton & Maine
Concord Railroad
Lawrence
William Merritt, Jr
Boston & Maine Railroad
Manchester & Lawrence
Portland & Ogdensburg
Atlantic & Pacific
Kansas City
Fort Scott & Gulf
Springfield
Memphis
Clinton
Detroit
Lansing & Northern
Northern Pacific
Canadian Pacific
ST. Louis
San Francisco
Eest
Paul & Duluth
Wabasi Western
Marquette
Houghton & Ontonagon
Boot and Shoe Buyers in Town in Various Cities
A list of boot and shoe buyers from multiple cities including Cincinnati Chicago Dayton Fort Smith Harrisburg Indianapolis Lafayette Louisville Philadelphia Saint Louis and others names and firms such as Strauss Phelps Howard Wells Lytle Devany Hayes Murphy Caye Hanford Blasland Adler Jenks and associated firms are noted with their locations and affiliations. The item reads like a directory segment identifying buying firms and representatives across the Midwest and beyond.
MENTIONED IN THIS ARTICLE
Dayton
D Lytle
Lytle & Co
Fort Smith
Ark
Market snapshot shows firm metals and steady commodities
Commercial matters report mixed demand across metals with tin and copper firm to firmer, zinc and lead steady, and tin very firm. Agricultural items show good demand for new potatoes and truck, fruits abundant, pork and hams in strong demand, with dairy and meats largely steady or dull. Sugar and molasses stable to firm.
MENTIONED IN THIS ARTICLE
California
Iron and steel market shows steady demand with rising US exports
The report notes moderate demand for American pig iron and steel plate with prices steady. Exports of British iron and steel rose in May, led by shipments to the United States, totaling 794 thousand tons valued at £734,832, with five month totals up from 1886. Russian duties threaten trade, while tin, lead, zinc, and copper markets show varied activity.
MENTIONED IN THIS ARTICLE
United States
England
Pittsburg
Washington Territory
Moss Bay Hematite Iron and Steel Company
Workington
Eng
Russia
American Iron and Steel Association
Bureau of Statistics
Spiegeleisen
Aay
Bradstreet’s
Chic Whitney
Chicago Markets Opens and Closes Quotation Summary
The opening high low and closing quotations from Chicago markets for yesterday are listed, with the same day last year’s closing noted for comparison. Details include daily range and final figure reflecting market activity.
The Apple Crop Prospects Darken Across Regions
The apple crop outlook is discouraging in most areas except New England and New York. Cold and bad weather during bloom reduced figures elsewhere, while New England shows high condition with heavy bloom but forecasts remain uncertain. In New York conditions are favorable, with little bloom shedding reported so far.
MENTIONED IN THIS ARTICLE
New England
New York
Maine
Rhode Island
Also Mentioned on This Page
Cincinnati
Fidelity Bank
Tndianapolis
Milwaukee
St. Joseph
Omaha
Wichita
Topeka
New York City
Centew
York
Boas
Osten
Philadelpha
Saitimore
Orleans
Onisville
Providence
Minneapolis
Cleveland
Dianapolis
Joseph
Denuver
Artford
Emphis
En Haven
Aee
Portland
Ringfield
Galveston
Worcester
Oavell
Syracuse
Ouyrvas
L'yille A. A
Clevel
D. Or
Wester
D. O
Norfolk
Devonshire Street
Kidder, Peabody & CO
Devonshire St
Boston, Mass
Nassau, St
Messrs
Baring Brothers & Co
City OF ST. Paul
Blake Brothers &Co
Northern Pacific RR
Boston Stock Exchange
At & Pac Inc
B&n
Boston Lad
Diego
Topeka la
Bell Tel
A&p
C& W
E& St L
Ny&ne
O& LE Con Gs
2 & Ark
Ge&c
So Kan
Peewee
Sarson
Eastman C H Co
Boston Li
East
B&l
Co, Bs& Gb
OB & Bo
Ny&n
Summit Br
Am Bell
Allonez
Lopment
Bonanza Dev
Brunswick Antiony
PrankHit
Dsceola
Tee Anaes
Amiatack
Aspinwall
Brookline
Maverick
Oveka
Wynter Power
Ips
BONDS
Atlantic & Pacific Gs
Atlantic & Pac
Kan
Western
If . i
Ei & Pt. Smith
Central Ine
Ouly
Central Los
N. E
Oregon
Ao Og
L. Champ'n Gs
Peab. Ark, Td
Rutlanéese + ae
Sonore
Atch
Topeka & 5
Ilths
Atlantic Pacific
Soston & Albany
Soo
Soston & Lowell
ST Hi
Burl. & Norther
Burl & Quincy
California Southern
Central of Mass
Central of Moe
San
Leve
Canton
Jeve
Tehburg
Hint & P
Eee
NEW York Financial
Actardaw
Row
Rock Mt
Cee Brooks
Pacific
Air L
Can
Tae & Can
Cea
Bee Bay
Central Lawa
Ees
Ween Central Pac
Ches. & Chis
Eld - Peer
St. L. Pesee
H.Y
Texas
Axe Shore
Lon
Beach
Tau
Ulss
Pacific O
Eae
Nash
Etoe
St. Pau
St. P
A . Pacific
Aeed
Oia
L. E
BOL Pace Mall
OY Pullman Palas
W. Union
SE Boo
American AB. S
Cnn
Comin Senesagee
Ube
S. P
N. Pac
Bell Telephone Ae
Shely New Eng
Erle
Amson Store
Wells Fargo
Nate, Amador
Pelle Isle
Miekaliver
Brunswick
See
Coy de Orsase
Ae Securi
Joal Stanislaus
Standard
Jon
el Cristo
Homestake
Railroad Matters
Marquette, Houghton & Ontonago
the Northern Railroad
OJ Strauss
M Phelps
Phelps, Dodge & Valnier
T M Howard
Tioward & Hayward
B R Wells
M D Wells & Co
Louisville, Ky
Caye
Caye & Co
Pailadelphia
Penn
Hanford
Hanford & Co
Blasland
Asand Beach
J M Jenks
J Jenks & Co
Spiegel. Nng
Spiegel
Gray Forge
Glengarnock
Summerlee
Gartsherrie
Langloan
Straits
Wbce
Chicago Markets
Issary
Ron
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