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Newspaper

Boston Post

Location

Boston, Massachusetts, United States of America

Date

May 02, 1888

Page

6

Money market shows banks paying up to 8 percent

The Tuesday money market featured squeezed bank rates at the clearing house with some debtors paying as high as 6 to 8 percent. General time loans ranged 4 to 6 percent, call loans with collateral 4 to 8 percent, and New York funds at a 12 ½ percent discount. May disbursements for interest and dividends ran high, and government securities remained firm.

Dividends Declared by Multiple Banks and Railroads

Dedham National Bank declares 3 percent dividend while Marblehead Savings Bank issues 2 percent. Georgetown Savings Bank 24 percent. Chicago and Indiana Coal railroad and Chicago and Eastern Illinois Railroad Company declare 14 percent quarterly dividends payable June 1 with transfer books closing May 19 reopening June 11. Pennsylvania Railroad directors declare 244 percent dividend, reduced by 14 percent but expected.

Dedham National Bank Marblehead Savings Bank Georgetown Savings Bank Chicago & Indiana Coal Railroad Chicago & Eastern Illinois Railroad Company Pennsylvania Railroad

Public Debt Statement May 1888 Recap

Public debt and interest report shows total debt and assets of the Treasury, detailing bonds, certificates, and sinking funds. Contains figures on Pacific railroad bonds, cash in treasury, reserves, and net cash balance, with a rundown of assets and liabilities and daily market activity in Boston stock exchange listings.

United States Boston Washington May BEA Ty Navy Pension Fund Pacific Railroad Treasury Pacific Railroads Transportation Service The United States National Bank Depositories National Bank Scenveseeeeters National Bank District of Columbia Treasury U. S D. C

Watersown Live Stock Market Report May 1 1888

Boston Post correspondent George J. Fox reports Watertown market data for week ending May 1 1888 detailing cattle sheep and hog prices. Includes price ranges for beef store cattle hogs hides wool and lambs with notes on western and Canadian arrivals and local sales by Breck & Wood Pollard French and others.

Boston Post George J. Fox Brighton Union Market Watertown West Canada Hathaway R Pollard Breck & Wood Roert French W Robertson South Charlestown F Fairbanks R P Pollard Bardwell Aldrich & Johnson

Auction Sales Continued Show Rail and Bank Securities

The listing shows continued auction sales of various securities including shares in Manchester Mills McKay & Bigelow Heeing Mch Assn and several banks. It includes railroad stocks such as Boston Concord Montreal and Chicago Milwaukee St Paul divisions with varied maturity and par values. A 200 Boston Tow Boat Co. issue, 1000 Atchison Union Depot bonds, and 9000 Burl Cedar Rapids & Northern RR notes are noted among others.

New England Natl. Bank Merchants’ Natl Bank Suffolk Natl Eagle Bank N.E. Natl City Bank Manchester Mills Middlesex Mills Bates Mills McKay & Big. Heel. Mach. Asso Sugar Refineries Co Boston Towboat Co Arkansas Valley Town and L. Co Concord RR Mercantile Ly Bank Salem Burton Stock Car Co Com Lansing & No. RR Town of Damariscotta Chicago Burlington & Ag Fe N. E. Mort. Sec. Co. Bs Delaware Safety Ins. Co. Scrip Blue Hill N. Bk Milton Columbian N. Bk Amoskeag Mfg. Co McKay Metallic Asso Eliot N. Bk Natl City Bk Merchants’ N. Bk Suffolk N. Bank Boston & Alban RR Cheshire RR W. End St. Ry. Co Rutland RR Eastern City of Toledo M. L Lowell W. L Manufacturers Natl. Bank Mit. Bank Brighton Do Tremont Natl. Bank Merchandise Natl Globe Natl. Bank Middlesex Co Lawrence Are. Co Boott Cotton M Ills Lawrence Mfg Cocheco Mfg Tremont & Suffolk Mills Do Lyman Mills Do Tremon Elk Horn & M. Valley RR Boston & Lowell RR Eng. Mort. Sec. Hs Law. & No Eastern RR State Natl. Bank China Mutual Insurance Ser Allegan & Grand Rapid RR Og Do Metropolitan RR Kansas City Bath Minneapolis Brunswick (Me Biddeford Sagadahoc Natl, Bank Am Aoip Roott Cotton Mills Newburyport & Amesbury RR. Co Bank of Commerce Boston Bank of North America Sioux City & Pacific New York New England Pesca Spring Memphis Charlestown Gas Lt. Co St. Paul, Min Manitoba RR Montana N. H Wakefield Rattan Co McKay & Bigelow Heeing Mch. Assn Quincy RR. Bridge Atlantic North Jarket Massachusetts Feston Concord & Moston Concorontreal RR Boston Tow Boat Co

New York Money Market and Stock Activity Report

New York on May 1 reports easy money on call 2 to 3 percent, last loan 2 1/4, prime mercantile paper at 5 6. Sterling exchange weak with 60 day bills at 4.86 and demand around 4.88. Government bonds quiet but firm. railroad bonds active. The stock market opened weak with early declines but recovered, closing quiet but firmer than opening. Notable intraday gains led by Louisville & Nashville and Pacific Mail. Missouri Pacific declined sharply then recovered. Bond sales totalled about $1.374 million. Atlantic & Pacific incomes and various railroad issues showed mixed movements.

Guadalajara Aguasca Lientes Tampico Salinas San Luis Potosi Republic Roductive Cit San Luis Potosi Gulf of Mexico Gulf United States Mexico Monte de Piedad Boston Guanahuats Oregon Chicago, Burlington & Northern New York & New England Fitchburg Eastern Boston & Lowell Boston & Maine Cheshire Old Colony West End Boston Board of Aldermen West End Street Railway Company Committee On Railroads West End Railway Company Frenchman’s Bay San Diego Penobscot Utler John C. Watson Cutler, Me William S. Dexter Charles Pp. Car- Messisus Dexter N. Richards Boston Gas Company Quincy Boston & Montana Franklin New York Prime Mercantile Sor Sterling Exchange Reading Richmond & West Point New England St. Paul Missouri Pacific Louisville & Nashville Pacific Mail Fort Worth & Denver Atlantic & Pacific Chesapeake & Ohio Rock Island Chicago & Milwaukee Hocking Valley Long Dock Galveston Harrisburg & San Antonio Gulf, Colorado & Santa Fe Lake Erie & Western Peoria Decatur

Bank holiday on Stock Exchange as England marks bi-annual settlement

Note 8 per cent, rentes at 82 francs 6 centimetres the account. Bi-annual settling day at the Bank Today is these of England, and is therefore a holiday on the Stock Exchange.

England Stock Exchange

Market Report Sees Mixed Commodity Trends

In this trading note, several staples hold steady while certain grains edge higher. Corn shows gains, oats stay firm, rye quiet, flour steady, and meals steady. Livestock and produce show varied activity with beef prices down slightly and pork, lambs, and hay in solid demand.

Wool sale in London reports brisk bidding and high prices

London May 1 wool sale shows strong demand from Continental buyers. Eleven thousand nine hundred sixty-one bales offered including 566 Punta Arenas. Prices across Victoria New South Wales Queensland New Zealand Cape of Good Hope Natal Punta Arenas and sheepskins vary with scoured and greasy lots quoted in shillings and pence.

London Punta Arenas Victoria New South Wales Queensland New Zealand Cape of Good Hope Natal

The Lumber Market Review Week of April 26

The lumber market shows little change with quiet movement in Eastern markets. Pine, spruce, and hemlock receipts rise modestly, while demand remains subdued across species. Prices hold steady with slight firming in first and second class spruce, and a general steadiness in shingles clapboards laths and Western and Southern lumber.

Hemlock Pennsylvania Boston

Also Mentioned on This Page

Toston Boston & Providence St. Louis San Nessee Telegraph New Orleans Continental Reichsmarks Bank of England London Stock Exchange Alfred Sully Richardson, Hill & Co Atchison Chigaco & Alton Jans Union Pacific Burlington & Quincy Flint & Pete Marquette Cincinnati Sandusky & Cleveland California Southern Wisconsin Central Louisville Evansville & St. Louis Detroit, Lansing & Northern Fort Scott & Gulf Springeld OLD Colony A. R&d J. M. Washburn Devonshire Street Foote & French Bankers Congress Street Public Debt Statement Eesaan Sones Cener Eer PIS Boston Stock Exchange T&s Fco Beli French Bay B & Mont Cal & Hee T&sf B& Iu Mass Bé&Q Mining and Stock Exchange Lombard Investment Co Reece B. H. Mach. Co McKay & Big H. M. Asso. Order of Adm Eliot Wh Ms Oe Mt. Vernon N Blackstone N Howard N. Bk Shawmut N. BR Alen Maine Central RR Middlesex H. RR Iowa RR Trust Co. Jert Lawrence Bsaas Es Ee T&s So Inc Cal & B Ee Enone So Kan Inc Wis Cent Inc Bell Tel Erie Tel Ee Lamson Boston Land Ee Atlantic Tamarack Gog Caereee B&l Ae B&m L& N Ny&ne Senate K & W Inc K & So Wis Ee Erie Dwight Mfg Co Aessee A&p Cessesee A B& Eeewaeeneee B& M Cal So Eeesee B&q Ny&n NE T & SF K& Bases M&b Shires Ee L Ev & St L Wis C Inc Rere Beli Tel IN Be Samson B&n Col. Ceresore Oe Fia Allone Arnold Bonanza Devel T. Cal Hecla Catalpa Crescent Huron Aly Ironton Kearsarge Osceola Ridee Winthrop Big Aspinwall Eeouve Eveee Boston Wids Boyleton Street Brookline Eevee Campobello East Maverick Newport Seeee Payson Topeka Ewee Wollaston Esecre L. G At. & Pac C. B Kan C&w. Mich Oreere M. St. F de Wis Klis K. C Kk. C Jey St. J C.B K.C N.& Y.neecoeaese ZUS Ners Nor. Pac D’o Ee Og L. C. Con Pueb TB Eee Ee Rutland Sonora S. F Do Inc Atch Atlantic Pacific Boston & Albany Boston & Prov Cal Southern Central of Mass Aeeneeus Ae Ial B. & Cleve Wes Ff C Seesseves Jonn River Riecol., Sp. & Cin Rutland Beliiviveseeeteeg Erie Eastman Lamson Store Ser. Co Boston National Banks Massach’ts Atlas Mechanics Blackstone Blue Hill Metroplan Boylston Monument Broadway Vernon Central Citcomeeae Eevee America Eliot Repub C Everett Rockland Shaw Shoe & L Freeman’ S. Abi Suffolk Globe A Hamilton Hide & L Tremont Howard Union Lincoln M Urs Webster Mkt Amor Laconia Lancaster Maas Merrim’ck Bost Middlesex Cabot Nashua Clinton Lit Naumkeag Cocheco Hill Eeee York Eee Jackson Allouez Royal Gold Aztec Napa Bisey Eure Isi Pacific Air Line Aenre Canton Assee Esee Central Lowa Central Pacific Chi Gieve. & Col del. & H Pel. & L Uit den, & RK. G East Teun U. EE Lake Shore Long Island Lou N. A Man. Beach Man Eeeereef Minn St. L An. Pacite Ly Gl Ohio Lssex Nash Chat N. J. Cent Rbi C.d& St. L Pittsburg St. Eree Neces Pacific Tol. & O. C. . Pacific Utica & B Bis .&L.eiscullaneous Oregon Im Pullman Pal W. Union American Oi Eeeeee Petroleum Chicago Markets Watertown Union Mosine Gan. Sc WJ. G. Int C. & Trans St.l I. M N. P W. Shore N. W Adams American Amador Cal.& Wals Dunkin el Cristo Exchequer Gould & Car Hale & Nor Hock Wells Fargoing Companies Homestake Merican Ontario Plymouth Proustite Quicksilver Ere- Santiago Tenn Db Baty Nate Foreign Financial Markets Paris Reardon & Co Farnum California AN Francisco Cal Ophir Best & Belcher Bodie Savage Sierra Nevada Crown Point Utah Gould & Curry North Belle Isle Hale & Norcross NEW York Financial London Wool Sales
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