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Newspaper

Boston Post

Location

Boston, Massachusetts, United States of America

Date

May 04, 1889

Page

6

Money Market Dull With Rates Mixed In Boston Scene

Boston money market shows dull demand with scarce desirable paper. Clearing house rate at 2 percent, three to four month paper about 4.4 percent, call loans 2.3 percent. Exchange totals and bank balances vary as New York figures list large sums. Cities like Birmingham and St Paul trade debt offerings, while Chicago Burlington & Northern gains follow traffic deal, with investors eyeing earnings and rail-road movements across the era.

Dividends Declared by Several Rail and Bank Firms

Swampscott Land Trust reports a second dividend of 50 cents per share. Haverhill & Groveland Street Railway declares 2 percent. Chicago & Eastern Illinois Railroad issues a quarterly 1a percent dividend. Dedham National Bank proclaims 3 percent. Globe Street Railway Fall River declares quarterly 14 percent. Pennsylvania Railroad announces semi annual 24 percent dividend.

Swampscott Land Trust Company Haverhill & Groveland Street Railway Company Chicago & Eastern Illinois Railroad Company Dedham National Bank Globe Street Railway Company Fall River Am Pensylvania Railroad Company

Willard C. James and E. T. Wright Named Officers

Willard C. James Esq serves as president and E. T. Wright Esq holds the treasurer post in the organization. The brief notice confirms the leadership slate without further detail.

Willard C. James E. T. Wright, Esq

Auction SALES. Stocks offered by administrators and executors

Auction sale list from May 4 1889 includes many stocks bonds and mortgages from Hingham National Bank Winthropshore Land Co Kansas City Missouri City of Chicago St Paul etc. Entries show numerous banks railroads and manufacturing concerns with first and second mortgages notes and various 1st mort. bonds. Also extensive entries for Boston area banks railroad companies and manufacturing firms with quantities and prices as known. Proceeds support executors and estates including Hingham Andover and Vermont entities.

Hingham National Bank Hingham Mass Winthropshore Land Co de Russell Mills Plymouth Rovince of Quebec Gold & Kansas City Mort Scott & Memphis RR Con LA Las Fansas City Lawrence & Southern RR Tingiman Pratt National Bank of Redemption National Hide and Leather Bank Freeman’s National Bank Andover National Bank Andover Everett Mille Do Amory Manufacturing Co Shoe and Leather National Bank Metropolitan National Bank National Webster Bank Leominster National Bank Leominster Mass Mercantile National Bank Salem Plum Island Street Newburyport Fort Payne Cowl and Iron Co National Mortgage and Debenture Co Sigelow Carpet Co Showalter Mortgage Co Ational Car Co Moriey Button 8 M. Co National City Bank Newton National Bank Newton East Middlesex Horse RR. Co Toledo, St. Louis & Kansas City RR Thurston & Hall Biscuit Co National Bank McKay Met McKay & Bigelow H. M Algonquin Club Kansas Rr, Inc Boston, Concord & Montreal RR City of Newport Farmers’ Loan and Trust Co. of Kansas Nat.ionk Farmers’ Loan and Trust Co Davidson Invest Co Vt. & Mass Augle Depot and RR. Co City of Chicago Consol, RR. of Vt N. E. Mort. Sec. Co Boston N. Bank N. Hide and Leather Bank Boson Wharf Co Suffolk Cordage Co Bunker Hill Cyclorama Co Boston Towboat Co Nashia & Lowell RR Chicopee Manufacturing Co Lowell Manufacturing Co State National Bank Collateral Loan Co Beaton & Albany RR Atchison, Top. & Santa Fe RR Chicago, Burl

Market Summary New York May Day stock and bond report

Money on call easy 2 to 4 percent with last loan at 2 and closing at 2. Prime mercantile paper 394.5 percent. Bar silver 92. Sterling exchange quiet firm with 60 day bills at 4.87 and demand around 4.88. Government bonds dull steady. railroad bonds active and strong. Market opened higher. Western stocks led gains with Burlington, Rock Island and Union Pacific advancing. By afternoon more movement in Atchison, Reading, Missouri Pacific and Pullman. Oregon Navigation up 144. Close showed general firmness with some late weakness in Pullman. Grainger shares strong. overall volume about $1,834,000. Several issues rose, including Burlington & Quincy, St Paul Hastings & Dakota, Northwestern debentures, Denver & South Park, Denver & Rio Grande Western and others.

Boston New York Lowell Boston Five Cent Savings Bank Messrs. Kidder, Peabody & Co St. Paul Birmingham Ala Jefferson County Messrs. Spitzer & Co Toledo Court House Court House Ne Chicago St. Louis San Francisco Telegraph New Orleans Bank Charleston Savannah Reichsmarks Lazard Freresd& Co France Iown Bros. & Co England Arbuche Gros Kidder, Peabody & Co James Munroe & Co Boston Stock Exchange Burlington & Quincy Bears Boston Bears Chicago, Burlington & Northern Northern Pacific Wisconsin Central Burlington & Northern Atchison Messrs Nickerson Larr Shattuck Sawyer Wharton Savory Kansas Thomas Aring Spencer Baltimore & Ohio Road Drexel, Morgan & Co Edwin H. Abbot Wisconsin Central Road McCook Kidder East Union Pacific Oregon Union Pacific Company Europe Northernacific Wisconsin Central First Mortgage Lowa Prime Mercantile Paper Sterling Exchange Burlington Rock Island Reading Missouri Pacific Pullman Oregon Navigation Lackawanna Richmond & West Point Burlington & Quincey Denvers St. Paul Hastings & Dakota Terminal Northwestern Denver & South Park Denver & Rio Grande Western Duluth & South Shore Gulf, Colorado & Santa Fe Lake Shore Shenandoah Valley Wabash & St. Louis Great Western

Foreign financial markets report and bank bullion move

London figures show U S 4s at 132 and major railway and Canadian stocks with varied percentages. Paris quotes 3 per cent rentes at 87 francs 67 centimes. Bank of England bullion withdrawn today totals 20,000 pounds. Imperial Bank of Germany reports a 3.82 million mark increase in specie.

London United States Illinois Bank of England Krlin Imperial Bank of Germany

Kansas City Fort Scott and Memphis Railroad issues 1888 report

First annual report for 1888 shows consolidation of three lines into 670 miles with gross earnings of 4.344 million and net earnings of 1.421 million. Details cover expenses, debt, dividends, sinking funds, mileage, interchanges, land sales, improvements, and intercity freight. News also notes Northern Pacific discussions and St Paul and Inman resignations.

Kansas City, Fort Scott & Memphis Railroad Company Kansas City Fort Scott & Gulf System Springfield Kansas City Belt Railway Fort Scott Company Kansas City, Clinton & Springfield Clinton Company Fort Scott Birmingham Road Clinton Road River Northern Pacific Adams Pacific Northwest Union Pacific Oregon Railway Milwaukee John Plankington St. Paul Inman Richmond Y Terminal Patrick Calhoun

Bright's disease cure praised by medical dean

R A Gunn MD dean of United States Medical College and editor of Medical Tribune lauds Warner's Safe Cure after treating Bright's disease. He notes marked improvement within a month and near-total recovery after four months with no tube casts and minimal albumen. He then prescribes full doses with satisfactory results.

R. A. Gunn United States Medical College Medical Tribune Gunn Warner Bright

Market Trends Snapshot Across Commodities

The report notes steady or firmer movements across food and farm products with mixed signals. Notable firmness appears in corn oats eggs oranges and sugars while items like sweet potatoes cranberries and tallow show softer or slower activity. Overall demand remains varied across sectors with several staples stabilizing.

Graham

PRINT CLOTH MARKET SHARES STEADY AT 31 3 16 C ASKS

FALL RIVER May 3 the print cloth market holds at 313 16 cents for 64x64s with some sales for this week. Demand waned for bulk goods while odd pieces move well. A Stafford Mills slasher exploded injuring one worker, John F Feath ers tone, as eight windows shattered and flying splinters filled the room.

Fall River Stafford John F.featherstone

Wool Sales Report From London May Show Varied Demand

At London wool sales on May 3 a smaller attendance followed keen competition. Victoria New South Wales and New Zealand produce showed brisk demand with large volumes traded across scoured greasy and locks and pieces categories. Prices quoted in shillings pence per pound for various lots, including Victoria 1200 sales and New South Wales 3800 bales, reflect differing quality grades and regions. Notable entries include New Zealand 4600 bales and Cape of Good Hope 200 bales with mixed scoured and greasy valuations.

London Victoria New South Wales New Zealand Queensand South Australia Swaniver Tasmania Cape of Good Hope Natal Falkland

Wheat market flats as sentiment shifts in Chicago May trade

The Option Markets in Chicago report a wheat market near steady, closing a cent above the open amid shifting sentiment. Traders note limited buying beyond shorts, with improving export demand and unfavorable weather tempering harvest reports. Cables show some conflict while exporters purchase wheat in New York.

Chicago Farnum, Reardon & Co Honton

Profitable Investments Highlighted By C. H. Williams & Co

A late 19th century listing shows varied profits from April to October trades in rail, shipping, and industrial stocks. Examples include Lake Shore, Northwest, New England, Canada Southern, and Richmond & Terminal with net profits ranging from under $2 to over $384, with investment totals supplied. Customers are urged to invest more, as larger sums would scale profits, with mail and telegraph orders accepted for prompt, confidential service from C. H. Williams & Co.

Williams & CO Lackawanna Lake Shore Northwest New England Canada Southern America St. Pau Richmond & Terminal Congress &Ress

Also Mentioned on This Page

Inc Gulf, Colorado Santa Fe White The Kansas Connections Boston Water Power Committee of Inquiry Northwestern Land and Coal Company Dakota Missouri Alabama Spitzer & CO Congress Street Summit Street W. C. James Sgale Truck 60 W.C. James & Co E. T. Wright Rockland Oscar A. Mann John M. Corse George E. Smalley Boston & Norfolk Steamship Co Gray & Milliken, Bankers Kilby Street Gongress Street Hier Ional John M. Graham William Claflin Robert M. Morse, Jr William T. Parker P. A. Collins Thoma John M. Granam, Pres Ont, Il Jewett Irving A. Evans & Co Fiske Building State ST New England Trust Co Blake Bros. & Co Nassau St Kansas Packie | Railway Co pnLy Toéaual Miscellaneous Stock Exchange Wilson W. Fay & Co Boston Land Edison Phon Toy Ceenes Beacon Electric Lhomson-Houston Volalora Ork Water Works Co York, Neb Aunes Me Lieropenisaten RR Vermont Retroit Lansing & Northern RR Armers’ Loan and Trust Co Salmon Falls Mfg. Co Cocheco Mfg. Co Quincy Railroad Bridge Co Arlington Mills Metropolitan Natl. Bank Manufacturers Nat. Bank Nat. Webster Bank Nat. Exchange Bank Amory Mfg. Co Lowell Mfg Hamilton Woollen Co Lowell Mfg. Co A Central RR Pouting St. By. Co Bente Lincoln & Northwestern RR Atchion & Nebraska RR Sioux City & Pacific RR Cabot Co Atlantic Cotton Ila Gilman Cash Ky Gt. Falls Miz, Co McKay & Bigelow Heeling McKay Metallic Fastening Association Border City Mfg. Co All River Sagamore Mills Howard National Bank Eagle Bank Natisank of Commerce Asiatic N. Bank Commonwealth Ave. Land Co Union Colton Mfg. Co Grand Trunk RR Brunswick & Chillicothe RR Cedar Rapids & Mo. River RR Boston Athletic Asso Merchants N. Jiank Nashua & Lowell Rr, Co M. Hide and Leather Bank Sugar Refineries Co Boston & Montana Consolidated Mining Co Union Pacific Railway Co Crown Liquid Coffee Co Boston & Albany RR. Co de Hoston & Lowell RR. Co National Bank of Commerce F. Ivss Atlantic Bonanza Devel T. Sete Mont Butte & Boston Cal Hoola Kearsarge Tamarack Aspinwall Cuseess Boothbay Seteedeb Loston Pete Boylaton Street Bay Dravotio Os Newport Lamoine Payson Penobscot San Diego Sulingi Topeka Eneessa Wollaston Atchison Istes Coll Billy Renee L. G Do Inc Peervenve Boy Kan le Con Elk Il K. U K M. Cy S Ki & BB Vo ” S Ete & Gey Ke kOe Lai & St. L. Lin Central Nor. Pac P. D.O Leia L. C. Con Pueb. & A. V Rutland Southern Kan. Sa Sevora Ts St. Jo & G F. Ss Wis. Cen Cal. Southern Piaget Creseeersees Cc P T&s F Col Trust Atlantic & i Cats the CO Seeeree Caer Conn RIVEP Pedseeerse O Inc Col Sp. & Cin Serene Dati Vt Bs Eeere M&h Flint & V. M Weiz K.C. Pe Gulf L&c Ol & Sp Enews I. O. Or & Meese Erle Telephone L. K Fee . Eee Leeseee Senee E. & St Leee Lamson S S.seersereee Maine Center Brookline Land Sullivan Harbor Land W&n.bee Weat End Laneae Jonanza Bos & Mont Min Conpet Old Colony Cal & Ec Eveeaee Sons Eee Wis West End Flint & Vere Mar NY & NE BOM Ccc Gig Tropical Pullman Palace Car Co Summit Franch SEC Pheumatic Tool Co West End Bypta Cotton Oil Trust Wis Cent Chi, Boston & Liverpool Co Phonograph Toyotes S F Col Trast Lyon Gas & Liec. Co Lyon & Boston RR Cal So Malden Elec. Co Ts C B& N West Desert & Bar Harbor Rolling Mill K&w Sugar Reifineries Co Thomson-Houston Detroit Lans & No Pidiey Iss Do Trust Wei We Marg Ho & Ont Thomson Elec Mex Cent Inc Ae Westinghouse Elec Cores _o Winnisimmer Company Ny&n &K Og &L Raecon de Inc Boston WP Bonanza Mining Atlantis Mining Cal & Hoc Reeens LB & Mont Franklin Quincy A.ta&s Bembes Ders Ny&n Cotton of St. Nee Eal Alt T. HH At. & Pacific Air L Roch C. RR Canton Central Iowa Central Pacific A . Ches Ohio Alton Lou St. L C Be & Q W P Cley. & Col Vret del. & L den. & R. Geeeeeses Erie Fort Wayne Weil Hocking Val Houston & Texas Lane Tex Long Island Nash Louis Man. Beach St. i Pacific M. & Essex Tees Aye Nash, & Chat N.J. Cent W& W Lothy N. Y. Cent N.Y. C An. E N. Y Ghio & Miss Oregon Nav Oregon S. Line Ily Re Ing Laland Goss St L. E Oregon Jin Boi Pacific Mail Palman Pal American Oil O. W. Union Cameron Coal Eevee Phila Gokee Manay Ae N.W Can. P St. L St. P. Viet Sl Deu I. Mut Vnion Tr. Res. Ae Nw Cc Tex. P. N U. Pac N. W W. Shore Alta Aspen Ontario Jullion Re Phir Ulub Cece Col. Co Oe Potosi Quicksilver Ais el Cristo Exchequer Ve S . Avea Hale & Nor Sullivan Con Union the United Copper Hornoilver NEW York Financial California Cess Best & Belcher L. Tbi Savage Sierra Nevada Con. Cal Union Con Utah Gould & Curry Yellow Jackets Hale & Norcross Nevada Belle Isle Seecesccoee Foreign Financial Markets Paris John Munroe & CO Devens, Lyman & CO Brown Bros. & CO State Street Gro. E. Butuaro Louis Curtis Eastern Banking CO Milk Street Francis A. Osborn T. Merrinew H. M. Bates & Walley Devonshire Street Stedman & Kellogg Congress St Moston John Jeffries & Sons James F.C. Hyde Milk St Ana J. French & Son Washington Street
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