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This newspaper page contains 17 articles. Subscribers can read the full text of each article.

Newspaper

Boston Post

Location

Boston, Massachusetts, United States of America

Date

May 21, 1889

Page

6

Money Market and Stock Movements Reported in Boston

The Boston money market remains dull and easy with minimal rate shifts. Clearing-house transactions show 1 percent, while general time loans run 8 to 5 percent. call loans with collateral at 2 to 3 4 percent. Bond offerings totaled 106 550 dollars with 4s at 130 and 4% bonds at 108. The local stock market opened modestly active then closed fairly steady with notable moves in Atchison, Union Pacific, Wisconsin Central, and various western and mining issues.

Boston New York Chicago St Louis San Francisco Telegraph New Orleans Bank Charleston Savannah Secretary of the Treasury Boston Bank

Dividends Declared by Several Railroad and Industrial Firms

The Boston and Albany Railroad declares a dividend of $2 per share. Fall River Bleachery proclaims a semi annual dividend of 4 percent. Catawissa Railroad declares a 342 percent dividend on preferred stock. Union Stock Yards and Transit Company of Chicago pays an extra dividend of $1 per share on June 1, first extra this year after February omissions in 1889.

Boston & Albany Railroad Company Fall River Catawissa Railroad Company Union Stock Yards and Transit Company of Chicago

Stockholders urged to back policy at Oregon and Transcontinental meeting

Henry Villard Charles L Colby and Colgate Hoyt of New York seek proxies for the Oregon and Transcontinental Company’s June 17 1889 meeting in Portland Oregon. They aim to elect directors who will prevent clashes among Northern Pacific Union Pacific and Oregon Railway and Navigation and to secure a six percent dividend and a permanent settlement of relations among Pacific Northwest railways. Proxies may be sent with substitution power and note that later dated proxies cancel earlier ones.

Atchison Closs Board of Directors Atlantic & Pacific Chicago, Burlington & Quincy Shorts Union Pacific Wisconsin Central San Luis Potosi Kansas City Fort Scott Memphis Clinton Springfield Chicago West Michigan Detroit Lansing & Northern New York Villard Henry Villard O. T Roxy Oliver Ames Massachusetts Smiths U. P Elijah Smith Willard Boston News Bureau Oregon Oregon Navigation Forth Europe Sonora Calumet & Hecla Tamarack Quincy Mining Company Quincy Charles Raht Messrs Lewisohn Bros Portland, Or Northern Pacific Railroad Company Union Pacific Railway Company Oregon Railway and Navigation Oregon Railway and Navigation Company Washington Territory Pacific Northwest St. Paul, Minneapolis & Manitoba Railroad Company St. Paul, Minneapolis & Manitoba Charles L. Colby Colgate Hoyt

Letters of Credit Issued Available Worldwide

A notice announces that letters of credit are issued and available in all parts of the world. Banks offer these instruments for international transactions, confirming payment terms and security for exporters and importers alike.

New York Financial Markets End Mixed With Northern Pacific Rally

Money on call easy at 1 to 2 percent with last loan at 2. Prime mercantile paper 3.5 to 4.5 percent. Bar silver 92. Sterling dull at 4.87 to 4.88. Government bonds steady. railroad bonds quiet but firm. Northern Pacific stocks became a feature late, lifting common and preferred. Trading volume about 1.7 million, with notable gains across several issues and mixed list movement.

New York Prime Mercantile Sterling Exchange Oregon Chicago Northern Pacifics Duluth, South Shore & Atlantic Firsts Chesapeake & Ohio Chicago, Burlington & Northern Co. C C. & L. Congors Ohio, Indiana & Western Mobile & Ohio New St. Louis & Cairo San Francisco

Financial Market Report From London May 20 Market closes varied

Consols quoted at 991 16 for money and the account United States 4s at 132 Atlantic and Great Western firsts at 8244 Canadian Pacific 574 percent Erie 28 percent do seconds 106 percent Illinois Central 11744 St Paul common 704 New York Central 109 Pennsylvania 54 38 Reading 23 bits Mexican Central firsts 73 4 Money 134 1 percent 1 30 p m Paris advices 3 percent owch at 87 francs 5742 centimes for accounts The Bank of England bullion balance today is 131 000 pounds.

Allonez Voc Arno Eens Ewe Eae Eee Bonanza Devel B. & Monter Eteeraee Butte & Bostonseeescvesse Ee Cal Hecla Ee Sevncgla Catalpa Ee Lie Crescent Escees Seuescess Franklin Esac Sestes Huron Ironton Kearsarge Aspinwall Eves Boothbay Bosto Seer Boston W. P.c Boylston Street Brookline Campo' Ello Payson Penobscot San Diego Sullivan Tougea Oss West End Winthrow Wollaston Sesenss Atchison Seeeer L. G Isis Do Inc Goa N Bs Kan W. Mich D.D Elk Bi K. c S.J C. i N. F Fein Nor. Pac ALF Oregon L. C. Con A. V Rutland Southern St. Jo Union Pacifica Wis Ieee de Inc Ae Companies Atch Top Osae Atlantic Boston & Albany Boston & Lowell Boston & Maineé Boston & Prov Cal, Southern Mias B&q Cleve Canton Caereee Col Sp. & Cin L.&n Easten Fitchburg Flint & P. M.com LL. R Ft.s L. E St. L Maine Central Entral Ola Colony Sumratt Union Pacific Ewes Wisconsin Central Amell Erie Lamson Store Ser. Co Tee Aneumatic Tool Co Kurton Stock Car Co Boston & Liverpool Co I Lynn & Boston RR Lynn Gas & Electric Co Mt. Desert East Shore New York Despatch Co North Chi. Relling Mill Sugar Reineries Co Thomson-Houston Llec Do Frust Vastsnen Westinghouse Elec. CO Winnisimmer Company Miscellaneous Stock Exchange London United States Canadian Pacific Illinois Central St Paul New York Paris Bank of England

Northern railroad reports gains and survey plans for Franklin Wilton link

The forty fourth annual Northern railroad report shows dividends paid and a year end balance. It notes surveys for a Franklin to Wilton line and ongoing settlements with Concord, with no action yet on connecting with other railroads. It also lists a detailed trial balance and notes from other railway topics and executives.

Northern Railroad Boston, Concord & Montreal New Hampshire Franklin Wilton Concord Messrs. A. P. Carpenter John S. H. Frink James R. Kendrick Concord & Claremont N. H

Cashier in Trouble in Mutual District Messenger Case

William B. Derby cashier of the Mutual District Messenger Company was arraigned in Municipal Court on embezzlement charges totaling about $10,000 to $20,000. Held in $20,000 bail awaiting grand jury action, with suspected three year period of peculations tied to bills for Western Union Telegraph Company. Derby, 45, with five children, had modest earnings and prior service with related firms. authorities cite stock speculation and real estate investments as context.

William B. Derby Mutual District Messenger Company District Messenger Company Western Union Telegraph Company Derby Roxbury Mutual Union Telegraph Company Atlantic and Pacific Telegraph Company Harn Mutual Union Messenger Comany Hern

Wheat and market trends in May Chicago dispatch

In Chicago on May 20 Wheat showed strong early as local buyers drove July to 7 75% amid export rumors and a shrinking visible supply, later pressured by resales and bear selling. Corn remained dull yet steady while hog receipts stayed light and prices rose slightly. trading ended near day lows with provisions weak.

Chicago Farnum, Reardon & Co Boston Lisbon Gilman, Cheney & Co New York

Prohibition State Central Committee Reorganizes

The Prohibition State central committee met at No 36 Bromfield street with wide county representation. Melvin H Walker presided and E F Stevens served as secretary. A state organization plan was adopted and Worcester convention date moved to Sept 4. A resolutions committee was named for C B Travis of Natick.

Prohibition Organization Prohibition State Central Committee Bromfield Street Melvin H. Walker Westboro E. F. Stevens Everett Worcester J. M. Gray E. Trask Hill Boston E. B. Saunders Natick C. B. Travis

Boston Towboat Company lowers unloading rates at East Boston wharves

Reduced pay for wheelers and shovellers at Boston & Albany wharves led Bernard Deering workers to refuse shifts yesterday as Boston Towboat Company takes over the contract. New rates set at 80 cents per hour for wheelers and 40 cents for shovellers. Company plans to hire new staff to replace the missing labor. No disturbance occurred.

Boston & Albany East Boston Bernard Deering Boston Towboat Company

Take Care Beware of Pedlers in Place of Yearline

Local alert warns residents to beware pedlers selling dangerous articles in place of Yearline. Police urge caution and report any suspicious activity to authorities immediately.

Commodity Market Roundup From Flour to Molasses

Flour dull and corn easy with oats barely steady. Rye quiet and oats quiet. Burley and millfeed steady while cottonseed meal firms. Hops steady, butter improving, cheese strong, eggs steady. Potatoes dull, sweet potatoes firm, poultry slow, hay active, straw strong. Pork firm, corned beef unchanged, fresh beef easy. Apples dull, oranges in good demand, lemons fair. Dried apples dull, sugars firm, molasses steady. Tallow unchanged.

Print Cloth Market Quiet and Firm in Fall River

May 20 Fall River reports the print cloth market quiet and firm at 3 3/4 cents for 64s. Moderate business is seen as buyers hold prices and sellers stay steady.

Fall River

Wool Sales Opened in Antwerp Demand Stronger for Better Grades

The Antwerp wool market opened with good attendance and active demand. Buenos Ayres and Montevideo prices rose 10 to 15 points, though only about half of 2700 bales offered were sold as sellers held out for higher prices and buyers withdrew. Buenos Ayres 916 bales, 150 190 francs, 100 kilos. Montevideo 252 bales, 160 225 francs.

Antwerp Buenos Ayres Montevideo

English Wheat Slumps In Week Of Trade Decline

The Mark Lane Express reports dull English wheat sales at 64,418 quarters for the week, down from last year's 51,834. Flour and foreign wheats fall. oats hold, corn and peas weaken with slight spot gains in corn and a 9d rise for peas and beans. California prices slip from 35s to 33s 9d.

London Mark Lane Express California

April 1880 United States port grain and flour totals

Grain and flour movements for April 1880 show totals by port with Wheat Corn Oats Ry Barley and Flour receipts and exports. Major ports listed include Baltimore New Orleans Newport News New York Philadelphia San Francisco and Willamette with mixed shipments and visible supply figures for May 11 May 19 1889 and prior years. Market notes describe flour and corn markets, receipts, prices, and stock levels in New York Chicago Boston and Milwaukee with brief futures activity.

CS Williams & Co Boston Minneapolis Newark St Louis Duluth United States Bush. Bush Baltimore Sss Vas New Orleans Newport New York Philadelphia San Francisco Willamette Seveese Chicago Conde Bawck Cece Eck Bush Bush. Busan. Bush. Whr Ccc Sce Sesh Stecca Minnesota Michigan Canada Superior Canada Canada Extra City Mills City Mill Milwaukee Tosh Detroit Toledo NY & Nerr Boston & Albany Hoosac Peoria

Also Mentioned on This Page

Xynerys Wssess Reserve Agenis Fulton Street Osceola Boston & Montara Boston Water Power Company Water Power Company Back Bay Park West Chester Park Commonwealth Avenue Shaw Stocking Co Lowell F. J. Dutcher Wm. F. Draver J. Herbert Sawyer Benj. F. Shaw F. B. Shedd E. A. Thissell George A. Draper Josiah Butler The Oregon and Transcontinental Company Latters of Gredit Foreign Exchange Congress Street Boston Stock Exchange N. Web O. Nav Lran St 'P Rees G U. Pac W. Shore Brokers’ Board T&s EL G B&n M.H Ogd & Lake Bell Télewes Boston Land Frenchman’s Bay Land Sullivan Harbor West Nets Boston & Mont Cai & Eee Vamarack Thee A. At &Pac Bbuston & Albany O- Fitchburg Putin Palace Gar Union Wis Cent Lily Witlel & Bi Vcceeescic Wilson W. Fay & Co State Street Fort Payne Coal and Iron Beacon Electric Honerine McKay Heeling Audi Edison Phone Toy Eureka Con Steer Ate Robinson & Foster Ade Sda Gray's Dynamo Flec Burton Alt T. H al & Pacific B. & Air L. Pref Roch. & P B.C Pacific Central Iowa Central Pacific Ches Ohio Chi Alton Ly C Cleve. & Colevsee E. Jil del. & L Den R. G Veges Tom Fort Vee Bey Hocking Vai Hlouston & Texas Central B&w Tex Kings. & Vem. Ae Lake Shore Long Island Vale Louis. & Nash Louis N. A Beach Cess Ener Mini Essex En &N. Kk Wes S. Line Pitsburg Rich. & al Ad R Sity Rock Island Kome Boda Bie St. Paul Ie & Bar T. L. Reee Nee Land Uniga Eesaeny Cameron Coal Sain Rae Bal Lead Trust Eeee Llog Sugar Trust Reebee G. W. Iese N& P. Ats N.d N.P Asven Ax Est & Bel Ontario Bodie Ophir Bubion Piutas Plymouth Teenie Cristo Gonkia Sullivan Con Hale & Nor Oston Stock Exchange FS .& Mein M& B Bell Tel Evie Tel Aspinwall Land Esee Lamoine Cipware West Cul & Het Ceeess Koston Mont Santa Fe Ccesseree C, San & Cieve Ny&n Psa. Ee Edison Phon Toy Oet Des & East Land North Chi Rolling Mills NEW York Financial Cal Alta Nevada Queen Best &Belecher Iselle Isle Ophito's Sav. Ge. Vee Con Cal, & Vaewees A Xieers Nevada Crown Point Gould & Curry Hale & Oforonr Utah Ceeeee Mono Sans Foreign Financial Markets Iowa Grain Movement Lehigh Valley St. Louis Indianapolis Journal Toledo, St. Louis & Kansas City Toledo, Cincinnati & St. Louis Yoledo Indianapolis Central Iowa Railway Company of Ilinois Central Iown Chicago, St. Paul & Kansas City Stickney Russell Sage Keithsburg Volney C. Malott Union Railway Gresham Chicago & Atlantic W. 8. Berby John E. Welsh Brown Bros. & CO Louis Courrts Milk Street Francis A. Osborn T. Merrihew Western Farm Moninganyes John Jeffries & Sons Devonshire Street Southern Enterprise
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