Money market dull as loans remain ample
The Boston money market reports extreme dullness on May 16 with ample loanable funds and little broker activity. Time loans ranged 8 4 to 5 percent, call loans 2 to 4 percent. exchange totals show declines from year-ago figures. government securities held firm with bonds and notes quoted.
MENTIONED IN THIS ARTICLE
Bostow
New York
Chicago
St. Louis
San Francisco
Telegraph
New Orleans
Bank
Charleston
Savannah
United States
National Bank
Thompson
Frances
Reichsmarks
Dividend declarations from rail and telegram firms
The Delaware and Bound Brook Railroad Company declares a quarterly dividend of 2 percent. The Third Avenue Railroad Company declares a 4 percent dividend for the last six months, payable on the 17th inst. Financial Telegrams Company declares a quarterly dividend of 50 cents per share, payable May 21.
MENTIONED IN THIS ARTICLE
Delaware & Bound Brook Railroad Company
Third Avenue Railroad Company
Financial Telegrams Company
Utah Territory Bonds for Sale By Territorial Treasurer
The Loan Commissioners invite bids in Salt Lake City until noon May 31 1888 for 150 bonds of one thousand dollars each at 5 percent interest with semiannual coupons. Principal payable within twenty years redeemable after ten years. Redemption fund to back redemptions, bonds issued to build educational institutions, taxation-exempt within the Territory, and bids may be rejected. James Jack Territorial Treasurer.
MENTIONED IN THIS ARTICLE
Territory of
Utah
Salt Lake
Deseret National Bank
City
New York
State of
United States
Legislative Assembly
Congress
James Jack
Territorial
New York Financial Roundup Improves as New England Leads
Money on call ease persists with rates around 1 to 2 percent and last loan 1 1/2 percent. Stocks show modest strength after 2:15 with New England advancing about 6 percent while overall list remains dull but firm near day’s best prices. Railroad bonds steady. Metropolitan, Kansas & Texas, Harlem issues noted. total business about 1.346 million.
MENTIONED IN THIS ARTICLE
New York
New Tar Saed
Boston
Atchison
San Francisco Chronicle
I. R. Wilbur
San Francisco & San Joaquin Valley Railroad
London
Havin
Fresno
Rodgers
Atlantic & Pacific
E. F. Winslow
St. Lows
San Francisco
Horace Porter
Walter L. Frost
David Seligman
Paris
M. Wasserman
Chicago
Burlington & Quincy
Chicago, Burlington & Quincy
Chicago, Burlington & Northern
Chicago, Barmies& Quincy
London Stock Exchange
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The
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Richmond & West Point
Manhattan
Metropolitan
Kansas & Texas G
Harlem
Iron Mountains
Foreign Financial Markets London May 16
Paris advices quote 8 per cent rentes at 82 francs 421% centimes. Atlantic and Great Western listings show varied firsts and seconds with multiple issues. Canadian Pacific, Erie, Reading, Pennsylvania and others trade with small percentage changes as the open market discount rate stands at 2 percent.
MENTIONED IN THIS ARTICLE
London
Great Western
Atlantic & Great Western
Canadian Pacific
Erie
St Paul
Newa Central
Pennsylvania
Reading
Paris
Railroad mat tiers and the Fitchburg stock trust control
A Boston city area summary reports a large equity suit in Connecticut federal court. Keasler & Co. of New York seek to divide Fitchburg railroad stock held via Continental Construction and Improvement, stripping the Continental group of control over the Fitchburg line and restoring Massachusetts stockholder influence. Initial hearing set for New Haven June 4. executives face accusations of misappropriations and related litigation.
MENTIONED IN THIS ARTICLE
Continental Construction and Improvement Company
J. Stimson
Stimson
Keasler & Co
New York City
Continental Construction Company
Fitchburg Railroad
Continental Company
Connecticut
Boston, Hoosac Tunnel &Weestern
Boston, Hoosac Tunnel & Western
Fitchburg
Fitchburg Road
Boston, Hoosac Tunnel & Western Road
Boston, Hoosac & Western
Vitchburg
Kitchburg Road
Kessler & Co
United States Circuit Court
District of Connecticut
Massachusetts
Boston, Hoosac Tunnel & Western Railroad
Road
Galaries
Augustus Koantze
Francis Sih
Fitchburg Company
New York Stock Exchange
Fitchburg Preferred
Pild
New Haven
No More Slavery in Brazil Abolished
The Brazilian parliament passed the bill abolishing slavery and the Princess Regent approved it. The U S President sent personal congratulations to Senor da Silva, expressing hope the freedom will bring happiness and prosperity to Brazil. Rives, Acting Secretary, conveyed the message from the State Department.
MENTIONED IN THIS ARTICLE
Washington
Department of State
Senor da Silva
Brazil
Rives
United Labor Convention Fails To Unite In Cincinnati
In Cincinnati the United Labor convention at Grand Opera House failed to unite with the Union Labor group as the joint platform was rejected. The body nominated Illinois State Senator Streeter for president and Charles E. Cunningham for vice president. A key discussion thread was woman suffrage, affirmed as inherent in citizenship. The session adjourned until morning.
MENTIONED IN THIS ARTICLE
Cincinnati
United Labor Convention
Grand Opera House
McGlynn
United Labor Party
Union Labor Committee
H. Weller
Iowa
Committee On
Streeter
Illinois
Charles E. Cunningham
Little Rock
Ark
Farmers’ Alliance
Cunningham
Arkansas
Congress
Uhis
Chicagos Beat Bostons In Bitterly Contested Game
Chicago defeated Boston 1 to 0 as Baldwin fanned Kelly three times and allowed the only earned run. Obourn debuted for Boston, but the Boston bats were silenced amid tight pitching. Ryan made a brilliant running catch. Magazines showed a tight pitching duel and errors deciding the score.
MENTIONED IN THIS ARTICLE
Crrcaco
Bostons
Itchers
Obourn
Baldwin
Kelly
Boston
Ryan
Chicagos
R. Bh.po
Bel BR
Eli
Oj Wise
Pettet
O Button
Anson
Oj Nash
Keffer
Morrill
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Irown
Daly
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Wise
Sutton
Brown
Williamson
Nash
Radvourn
Lynch
Sime
Morris
Giants
Ewing
Slattery
Detroits
Washingtons
A. E. Rich
D'N
Hoy
Brouth’s
Shoch
Thomps
iYillen
CO Rowe
Wilmot
White
O Myera
O Twitchell
Liwin
Thompson
Mack
Bails
Ismore
Conway
Donnelly
Myers
O’brien
Irwin
Gilmore
Daniels
Indianapolis
Ind
Boyle
Casey
Denny
Seery
Hines
Farrar
Glasscock
Winthrop Town Meeting Considers Street Lighting Plans
An adjourned Winthrop town meeting discussed electrifying streets and public spaces. A committee of Herbert A. Tewksbury Austin Belcher and Frank Rieh was appointed to work with the selectmen to secure terms from the electric company for lighting streets halls and stores.
MENTIONED IN THIS ARTICLE
Winthrop
Herbert A. Tewksbury
Austin Belcher
Frank Rieh
Electric Company
Boot and Shoe Buyers Across Cities Face Wide Scale Trade
Addison New York to San Antonio Texas buyers and firms listed include G W Farnham in Addison, J sosinessel in Appleton, J Mullen Jr of Tucker Smith Co in Bloomington, C 8 Mason in Mason Bros and many others spanning Baltimore Chicago Cincinnati Cleveland and Philadelphia. The item catalogs boot and shoe merchants, firms and agents across states indicating a broad network of footwear trade with numerous named individuals and companies.
MENTIONED IN THIS ARTICLE
Addison
Commercial Market Snapshots of Green Goods and Provisions
The market reports varied: flour, rye, milk products, and lard show firmness or steadiness while butter remains firm and cheese slow. Eggs, beans, potatoes, and beets are in fair to quiet demand. hay and pork hold steady. lambs and mutton show little change. raw sugar remains very firm with refined sugars quiet.
Canned Goods Market Sees Quiet Demand and High Opening Prices
The market remains quiet with limited demand and buyers holding leverage on corn, tomatoes, and peas. Baltimore packers show cautious openers for new June peas while pineapple prices trend high but vary, with standard cans quoted around 136 to 140 per dozen and some items breaching 115.
MENTIONED IN THIS ARTICLE
Baltimore
California
Wheat and Corn Market Summary From Chicago Opens Weak
Wheat opened weak as traders sold, then large floor operators bought through to close. June and July deliveries show strength due to overselling, miller demand remains strong, and rains aid winter wheat but crop remains short. Corn dull with May delivery holders taking most No 2 corn. oats weaken. Provisions decline from open to close. Hog receipts cited, and next day car load estimates provided.
MENTIONED IN THIS ARTICLE
Farnum, Reardon & Co
Antwerp Wool Sales Report Shows Firm Prices Rise
May 16 Antwerp wool sales attracted a good crowd as traders operated freely. Prices advanced 74 centimes with 2300 bales offered including 1341 bales of Buenos Aires at 75.19 francs per 100 kilos LUO, 649 bales Montevideo at 110.205 francs per 100 kilos, and 281 bales sundries at 85.206 francs per 100 kilos.
MENTIONED IN THIS ARTICLE
Antwerp
Bates
Buenos Ayres
Montevideo
Boston Markets May 16 Flour And Grain Prices
Local price list for carload grain lots shows a firm market in flour with little price movement. Trade is quiet as dealers hesitate to buy while millers ask higher prices. quotes cover fine, superfine, extra, Michigan and Minnesota varieties, winter and spring patents, and export Canada varieties with multiple price ranges per barrel.
MENTIONED IN THIS ARTICLE
Ryo
Minesota
Michigan
Ancy
Canada Superior
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