Money market eases with low figures and Bank of England action
The Boston money market moved easier with transactions at 2 percent in clearing house deals and general rates from 4 to 5 ¼ percent. Bank balances loaned near 2 percent, New York funds discounted at 10 cents per $1000, exchange totals down versus last year, and government security prices firm around 106 1/2 to 107 percent. The Treasury shows various coin, notes and deposits totals, with certificates outstanding and a reserve surplus cited. Foreign exchange rose on expectations of a higher Bank of England discount rate next week. The Boston bank statement shows a higher reserve surplus while the local stock market remained active but weak amid heavy selling of Atchison. Fluctuations in rail and utility shares are noted along with bond activity and earnings reports.
MENTIONED IN THIS ARTICLE
Boston
New York
Chicago
St. Louis
San Francisco
Sight
Telegraph
New Orleans
Mium
Bank
Charleston
Savann Uying
Ois
United States Treasr
United States
Treasury
National Bank
Fairchild
Bank of England
Inc
Atchison
Amsterdam
Kansas
Burlington & Quincey
Union Pacific
Flint
Pere Marquette
Toledo
Cincinnati
California Southern
Chicago &Astern Illinois
Pullman’s Palace
Gerice
Toston & Albany
Boston & Albany
New York Railroad Commission
Frenchman’s Bay
Newport
nSl
Calumet &Edla
Quincy
Bonanza
Old Dominion Copper Company
Nogales Record
Great Wrench Copper Company
Santa Rosalia
California
Pergerdon
France
Met
Europe
Copper
Columbia River
Baltimore Authority
Norfolk
Virginia
New York Commercial Bulletin
London
Metal Exchange
Dividends Declared by Lowell Machine Shop and Chicago and Alton
The Lowell Machine Shop declares a 5 percent dividend. The Chicago and Alton announces a 2 percent quarterly dividend payable June 1.
MENTIONED IN THIS ARTICLE
Lowell Machine Shop
Chicago & Alton
Miscellaneous financial quotes from 1888 market page
A fragmented list of closing prices and bid and ask figures appears from a late nineteenth century market page. Names such as Arnold Bonanza Crescent Huron Mesnard and Minnesota surface among scattered figures, showing varied percentages and figures in an ad hoc quotation layout.
MENTIONED IN THIS ARTICLE
CIA Ree
Allonez
Arnold
Bonanza
Bowman
Tatalpa
Crescent
Jan Htea Anover
Huron
Mesnard
Penesota
London rates steady on short and three month bills
London on May 7 reports the open market discount rate for both short and three month bills at 2 percent. This rate remains subject to any change in the Bank of England rate next Thursday.
MENTIONED IN THIS ARTICLE
London
Bank of England
New York Financial Market Summary May 7 1900s
Money on call was easy at 1 to 2 percent, with the last loan at 2 percent and close at 132 2. Bar silver active and weak at 92. Sterling exchange dull but firm. 60 day bills 4.861% and demand 4.8314. Government bonds dull but firm. railroad bonds quiet to firm. Stocks opened strong, rounded near opening prices, and closed quiet but firm with slight declines in Gould group. Missouri Pacific and Manhattan lagged. New England weak after opening gains. Late day rally lifted many shares back toward opening levels. Fort Worth & Denver firsts index eased slightly. Wheeling Lake Erie firsts rose, International seconds at 144, Louisville & Nashville Pensacola division at 103, Central Pacific land grants at 101 1/4, Colorado Coal firsts at 104. Today’s NY stock sales totaled 294,673 shares.
MENTIONED IN THIS ARTICLE
New York
Prime Mercantile
Sterling Exchange
New England
Missouri Pacific
Manhattan
Shorts
Railford
Fort Worth & Denver
Wheeling Lake Erie
Chicago & East Illinois
Consol
Erie Bs
Louisville & Nashville
Pensacola
Norfolk & Western Generals
Central Pacific Land Grants
Colorado Coal Firsts
Fixing the Blame in Inquest Findings
The Superior Criminal Court released inquest findings on railway workers injured or killed in several New England incidents. Burton Darbun, Old Colony brakeman, fatally injured March 12 in Boston yard. defective brake rod cited. Others, including Palliday, Sands, Paine, Newman, Conway, Judd, and related rail lines, show injuries or deaths with no fault assigned.
MENTIONED IN THIS ARTICLE
Superior Criminal Court
Burton Darbun
Old Colony
Boston
Forsaith
Michael Palliday
New York & New England
Mt. Bowdoin Station
James Sands
Cofferdam set for Charlestown Navy Yard repair plan
The cofferdam for repairing the Charlestown Navy Yard dry deck is in place. Captain George W. Townsend, contractor, will complete the work in 35 days at 96 dollars per day. Naval opinions oppose the Massachusetts Naval Reserve, and the state lacks ships to train its men. Even with a donated old hulk, upkeep would be costly for the U S forces.
MENTIONED IN THIS ARTICLE
Charlestown Navy Yard
George W. Townsend
Massachusetts Naval Reserve
United States
Handsomest Trains in the World Between Chicago and KC
The vestibule trains operating daily between Chicago and Kansas City on the Chicago extension of the Atchison Topeka Santa Fe offer accommodations for all classes. No extra charge is required and passenger comfort is emphasized. The line is thirty miles shorter than rivals and built in a substantial manner.
MENTIONED IN THIS ARTICLE
Chicago
Kansas City
Chicago, Santa Fe & California Railway
Pulman
United States
Atchison, Topeka & Santa Fe
Boot and Shoe Buyers Across Cities and Firms Listed
A long list across states and cities names buyers and firms in boot and shoe trade. Notable entries include O W Baldwin Baldwin Fleming & Co in Athens Georgia and W F Breath PJ Willis & Bro in Galveston Texas, among many others. The fragment enumerates multiple partners and firms in Baltimore Chicago Milwaukee Philadelphia St Louis and more.
MENTIONED IN THIS ARTICLE
Athens, Ga
W Baldwin
Baldwin, Fleming & Ceichengreen
Eichengreen & O, Tre
Baltimore, Mad
E Weil
H Pretzfelder
Pretzfelder, Kline
Baltimore, & Co
A Brown
TW Burdydt & Co
Baltimore
L Magruder
T J Magruder & Co
Burlington
Tre
A F Horner
AF & JM
Cillicothe
Culter
Miller, Culter & Co
Evansville
Ind
Hinkle
Hinkle, Nesbit & Co
J Dallam
W J Dallam & Son
Craw
Galveston
Tex
F Breath
Willis & Bro
Rapids
Mich
Birtsch
Rindge
Birtsch & CO
B Green
Green
Huffaker & 0
Milwaukee
Wis
Meissner
Ilwaukee
J Beals
Beals
Torrey & Coemphis
Tenn
C H Vogel
Hill & Sons
Fobile
Ala
H Bernstein
Mobile
M Weller
Weller & Lowenstein
Pittsburg
Penn
Commodity mood across markets shows mixed demand
Canned goods stay steady while corn remains strong and oats rise. Butter and eggs firm, beef quiet but veals higher. citrus in fair demand with lemons unchanged. Potatoes and hay in good demand, pork firm, lard strong, poultry quiet, with hay and truck showing solid demand.
Market Notes on Canned Goods and Metal Prices
Canned goods show little change this week with strong demand for future salmon and firm tomato markets while canned peas stay dull. Copper and tin markets slump amid a wider panic, with London holdings rising and the “syndicate” dominating copper supplies. lead and spelter hold near last levels as traders assess the market.
Wheat markets rise as visible supply drops sharply
The Chicago wheat market showed light early trading with a free seller pushing prices up after reports that visible supply would fall by over 1,000,000 bushels. Corn stayed dull with minor moves. hog provisions opened easy on large receipts but closed strong as buyers returned. Official hog receipts were 6,608 Saturday with an estimated 18,500 for today. price ranges for hogs and grain futures are listed with irregular bid structures across May to September contracts.
MENTIONED IN THIS ARTICLE
Farnum, Reardon & Co
Metal Market Shows No Improvement in Pig Iron Trade
The market for American pig iron remains flat with disturbing influences across the pig iron trade. Large Western and Southern transactions cover pressing needs while Eastern markets stay dull. Lehigh Valley lowers freight on coal, ore, and pig iron. ore prices drop, wages ease slightly, and eastern freight reductions are anticipated. Southern rates drop as Mahoning Valley rates to Chicago follow suit, sparking a regional price war. Copper demand is quiet but prices stay steady, while tin and lead trades show modest activity and shifting futures. A circulating report mentions a syndicate, but details are unclear.
MENTIONED IN THIS ARTICLE
Lehigh Valley
Mahoning Valley
Chicago
Pennsylvania
Alabama
Ohio
Lake
New York
London
Metal Exchange
Boston Markets May 7 Flour And Grain Prices
Local price report for carload lots of grains except rye. Describes steady, firm market with demand for winter wheat patents and varied flour quotations from mills in New York, Minneapolis, Chicago, Milwaukee, and Boston. Notes receipts, exports, and price ranges for flours, oats, corn, and wheat across multiple markets and shipments.
MENTIONED IN THIS ARTICLE
Boston
Eleur
Minnesota
Michigan
Canada Roller
Canada
New York
Hull
Chicago
Milwaukee
Jie
Air Rail
Lake and Rail
Toledo
Detroit
Boston & Bany
Hoosac Tunnel
Boston & Albany
Ollepes AG
Sivas
Minneapolis
Also Mentioned on This Page
Fitchburg
Loston & Lowe
Boston & Maine
Boston & Providence
Central Massachusetts
New Enland
Kansas & Westem
Southern Kansas
Atlantic & Pacific
Oregon
Bell Telephone
Aroa
Supreme Court
Drawbaugh
East Boston
Messrs
Frederick T. Stevens
Silas Eirce
Charles J. Booey
Denny
Watsoning
A. Evans
Paul Endricken
B. James
Messra
George 4. Ball
W. Ross
George A. Alden
West End
Legisla
Tive Committee On Railroads
San Diego
WEW
City of
Brawster, Gon & Estabrook
Congress Street
Kidder, Peabody &C. Bankers
Devonshire Street
Boston, Mass
Onffce
Nassau Street
Messrs Baring Bros. & Co
Philadelphia
North
Cordley & Co., Bankers
Williams & CO
South Ide
Winthrop
Burton Car
Eureka Tel
Ken
Mass
Boston Stock Exchange
Portland, Saco & Ports
Northern RR
N. HH
Asiatic N. Bank
Salem
U.S
Eastman I. C. H
N. Bk. of
North Ab
Howard N. Bk
Shawmut N. BR
Als
Eliot N. Bk
Douglas Axe Mfg. Co
Do International Bel. Tel. Co
Reece B. Hole M. Co
Do Lombard Investment Co
Hingham Water Co
Middlesex H. RR
Metropolitan Rd
Chi
Bur
Q. Oe
Boston Marine ‘Ns. Co
N. England
N. Bk
Merchants’ N. Bk
Atlas N. Bk
Ado
Bates Mans. Co
Mercantile N. Bk
Saten
Old Boston
Bluffs
Cedar Rapids & Mo. R
Adin
New Mexico & So
Pacific RR
Tiffin
Water Works Co
Fort Scott & Gulf RR
Globe Natl. Bank
City Bank
Natl. Bank
de Metropolitan Natl. Bank
Kate Bank
Shore and Leather N. Bk
N. Revere
Middlesex Co
Do Lawrence Mfg. Co
Do Lyman Mills
Do Lowell Mfg. Co
Merrimack Mfg. Co
Appleton Co
N. Revere Bank
Asiatic Bank
Portland RR
New Eng. Mort. Sec
Sioux City & Pacific RR
BOO Det
Law. & No. RR
Marquaite
Houghton & Ontonagon RR
S M. Valley
Maine
Brooklyn
Providence
Bates Manufacturing Co
N. Exchange Bk
Wakefield Rattan Co
Bil
St. P.cons
Iso
PB & C. Dies 'Eee
P. L. G. F. Tec Vesses Oo
Tex. P. R. Tr. Rec
U. Pac
Boston Exports
Bauer
Ae O
K & W Bs
Bassas
Sss
T& SF
A&pine
Covscavss
Ny&n Eenees
Ewnee
GME Ogl. Fossees Ado Ca
Pullman
P. Bly
Boyston Street
French Bay
T&s
A&p
B&a
B& i
Eeus Oe
Ee C
Ny& & NE
Ereere
Ee & St. Ee
T & SF
Cal So Inc
M&b
S&m
UN Pac
Wis Cent Inc
Lamson S S
C & Hec
Ellinois
Catalpa
Central
Tamarack
Eeeeer Aeee Oe Winthrop
Aspinwall
Eeeerweee
Boylston Street
Brookline
Ampobelie
Pavericks Weackfaee
Ava A Am
Payson
Debetnsoh
Yopeka
Vests
Wollaston
Do Inc
BL & N
M. St. Pr
Aloye
Tie St. L Lm
Rotlan
Wen
Cyntin Ay
Callaero Bia
Pia
Bonthern Kan
de Tex
Dantie ‘Yackoo
Oston & Albany
Oston Lowell
Oston Ngyees
Estes
Bay
Bell
New
Ew Eng
West
Eastman Car
Bet
Lamson Store Ser. Co
Signees . Pfd
Cea Sai
Bis
Brooks 7
Air Line
So, Abou
Sere
Janton
Bees Q
D. Veedees
Col
del. & H
East Tenn
East Ene
Oye
Fort Wayne
Hougt
Texas
Kan
Kings
Pem
Ikke Shore
Lou. & A
St. le
Pacific
Essex
N. J . Cent
St. L
Rich
Rock Island
Rome
Sol
St. Ae
U. Pacific
Utica & B
Tive
St. L. Ee
Tae
Pacifi
St. LL
I. M. Dd
Erie
N. J.C
N. P
N. W. Cons
el Cristo
Man
NEW York Financial
Joday
Navy Yard Matters
J A Lawrence
Lawrence, Barry & Co
Panghamton
Goff
Stone
Goff & Co
P Dodge
Whelps
Dodge & Palmer
A C McLaughlin
Selz, Schwabb & Co
Brooks
Brooks Bros
Cleveland
Childs
Childs, Groff & Co
Ringgold
Ringgold & Co
Cedar Rapids
George
Weeks
Amer
Holland
America
Australia
Chicago Markets
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