Money Market in Boston Steady with Wide Rate Range
The Boston money market closed quiet and steady on May 21, with double-name paper trading as low as 4 percent and as high as 6 percent. Call loans run 3 to 6 percent, manufacturing paper at around 5 percent, and New York funds quoted at a discount. Week totals show large clearing-house exchanges and a strong rise in New York and Boston clearings, aided by stock-market activity and trade optimism.
MENTIONED IN THIS ARTICLE
Boston
Alcahine House
Stehdy
New York
Boston Post
United States
Philadelpma
Chicago
St. Louis
San Fr’eisco
Baltimore
I. Cincianati
New Orleans
Wittsburg
Ansas City
Omaville
Providence
Hilwaukee
Ormaha
St. Paul
Minneapolis
Sppotiver
Galveston
Tietruit
Cleveland
Indianapolis
Memphis
Columbus
Hartford
Haven
Duluth
Joseph
Wichita
Portland
D. Pooris
Springfield
Orfolk
Worcester
Wee T
Lowell
Syracuse
LO Ga
Rapids
Topeka
Onisie N
Clearing House
Boston Clearing House
Omaha
Cewters
St. Joseph
St.aul
T. Lous
Pit’burg
C’y
L'ville
P'denee
Lin’ P Lis
Yenver
Detroit
B’s
Haw’n
Josh
Norfolk
Wester
D. Lowell
Erie
Dividend Declarations from Several Firms This Month
The Nashua Saree Company declares a dividend of 200 dollars per share. Ontario Silver Mining Company declares a regular monthly dividend of 50 cents per share. Bourne Mill Company of Fall River declares a monthly dividend of 1 percent.
MENTIONED IN THIS ARTICLE
Nashua
Ontario Silver Mining Company
Bourne Mill
New York Stock Sales May 21 Ledger Summary
Today's session reports 97 833 shares traded with varied entries across multiple listings. Notable items include Lord Acoustic Telephone and Bruns Ships Berth with fluctuating bids while rail road bonds for the week total 14 679 000 dollars, down from last week.
MENTIONED IN THIS ARTICLE
New York
Burton
Lord Acoustic
East
Boston Land
Catalpa
Cleveland & Canton R. BR
Cin, & St. Lows
Lord Acoustic Telephone
Tees
European Markets Steady as French Crisis Impacts Paris Stocks
May 21 Canadian Pacific Erie Illinois Central Mexican ordinary St Paul common New York Central Reading were listed with various prices. May 22 London notes inactivity at 1 percent while stock prices firm and rising overall. French ministerial crisis affects Paris stocks only, American railroad securities advance through the week as business remains active on the exchange.
MENTIONED IN THIS ARTICLE
London
Canadian Pacific
Erie
Ilinois Central
St. Paul Common
New York Central
Reading
Stock Exchange
France
Paris
St Paul and Duluth stock clash over dividends and bonds
The St Paul and Duluth railway faces a renewed clash between common and preferred stockholders at the June meeting over the legality of reissuing preferred stock to fund lands and dividends. The report outlines large past spending on locomotives, cars, and terminals, but notes strong earnings and land sales while proposing terminal bonds to finance further improvements without diluting stockholders.
MENTIONED IN THIS ARTICLE
St. Paul & Duluth Company
New York Mail and Express
Common
Treasury
Duluth
New York Financial Market Opens Dull Then Rises
The New York stock market opened dull with declines from 4 to 4% in most stocks. Erie and Fort Worth & Denver showed activity vs a lagging rest, but later near mid-morning a firmer tone appeared, closing near day’s highs as some issues gained, with total sales at about $640,000 and several bonds advancing.
MENTIONED IN THIS ARTICLE
New York
Erie
Fort Worth
Prime Mercantile
Sterling Exchange
Stock Exchange
Fort Worth & Denver
Texas Pacific
Denver & Rio Grande
San Francisco & Marshall
Erie First
Southern Pacific
New Mexico
Utah Southern General
Wabash
Jersey
Company Surplus Elates Common Stockholders Despite Liens
The document notes receipts for storage at 430,019 and over 1,163,188 acres left, enough to wipe out preferred stock. Net cash surplus over all liabilities stood at 467,595 with funds on hand in bank. Indicates a need for a change in favor of common stockholders.
Fitchburg Railroad Stockholders Approve 1887 Purchase Deal
A special meeting of Fitchburg Railroad stockholders approved the May 4 1887 contract to acquire the Boston Hoosac Tunnel Western and Troy Saratoga Northern railways. The firm will pay 5 million in stock and bonds 1.4 million in bonds and the rest in preferred stock. Director Welch opposed favoring the resolution and called for a stock vote which passed 55653 to 1300, with Harris B Stearns authorized to approve issuing the bonds. The meeting adjourned.
MENTIONED IN THIS ARTICLE
Fitchburg Railroad
Fitchburg Railroad Company
Boston, Hoosac Tunnel & Western Railway
Troy, Saratoga & Northern
Fitchburg
Charles A. Welch
Harris B. Stearns
Boston
Rumors Of NYNH&H Buyout Of Boston & Providence Denied
Vice President Reed of the New York, New Haven & Hartford denies rumors that NYNH and Hartford had bought Boston & Providence stock. He says there is no proposition or plan for Consolidated to absorb Boston, and no hostility exists between Consolidated and New England roads.
MENTIONED IN THIS ARTICLE
Boston & Providence
New Haven
Reed
New York, New Haven & Hartford
New York
New Haven & Hartford Company
Consolidated Road
Consolidated
Boston
New England
Late Railroad Construction Adds 220 Miles This Year
The Railway Gazette reports 220 miles of new track on five lines, including Central Massachusetts from Jefferson to Ware, 26 miles, Gainsville Henrietta & Western to Henrietta, 54 miles, Louisville New Albany & Chicago in Orange county Indiana 10 miles, St Louis & San Francisco from Fort Smith Arkansas to Paris Texas about 70 miles, and St Paul Minneapolis & Manitoba from Minot North Dakota westward 60 miles. Total new mileage this year reaches 1267, compared with 806 miles at the same period last year and 451 in 1885.
MENTIONED IN THIS ARTICLE
Peowali
Water Po
Brookline Se
Eee
Campobello
I Delaranee Ast
Aston Land Co
Wrenchman's
Ane
San Diego
Wollaston
Ewe
Bell Telephone
Abe Pac
Eastman F’t
Lamson
S.e
Central
Iowa
Ware Central Pac
Ches. & Chi
Exchange National Bank
Wena
Alton Ener
Faneuil Hall National Bank
Eliot National Bank
Old Boston National Bank
den. & R. Ge
National Bank We Eeree
Erte
Webster National Bank
Second National Bank
Shawmut National Bank
Atlantic National Bank
Fort Wayne
Shoe and Leather National Bank
Houston & Il. Central
Asiatic National Bank
Salem
Kas & Tex
Concor National
Charles River
Lake Shore
Reading
Wake
Long Island
Atlantic Cotton Mills
Continental Mills
Old Colony Railroad
Man, Leach, My
Old Colony
Scael
Port
Falls & Conway RR
Ote Mein, & Ch
Met
Cambridge Horse RR
Central RR
Ohio
Boston & Providence RR
Concord RR
Aiinn
McKay & Bigelow Heeling Mach 'Alge
Boston Colorama Co
North Chil EauSs Mills
M. & Essex
A & Seer
Aessee Eure
Boston Tow Boat Co
Nor Pe Ee
Pueblo Smelting & Refining Co
Charles River Embankment Northwestern
McKay
Isi
McKay & Bigelow H. Mach
National Tube Works
T. Ca
Para Rubber Co
Ohio & Miss
District of Columbia
Ont
West
Cambridge
Oregon
Chicago
Air Line
Boston & Albany
Rich. & al
Sea
Kala
Allega & G
Rich
Dan
National Maules
Les
Boston National Ban
Cal
Inc
Csssee
Boston National Bank
Darbiabsy St
Globe National Bank
Kan & W
Otis Manufacturing
Ae 'Iscete
Texas Pacific
Union Pacific
Mex
Cen Inc
Lowell Machine Shop
Utica O
Ale
Appleton Manufacturing
Sasee St. Ld Py
Lyman Mills
Ogs . L
Sacon Be
Cotton
Lowell Manufacturing
Cal & Hey Mg
Pacific Mail
Oregon Lm. Ind
Wee
Sea Steer
Bonanza
Lawrence Manut'g Co
Pullman Payodacci
Franklin
Boston & Maine Railroad
W. Union
Boston
Boston & Providence
Maverick
Boston & Chelsea Horse RR
West End Ld
Somerville Horse Railroad
Norwich & Worcester RR
T&s
Rutland Railroad
Common
Cen. P
At & Pac
Cincin
Sand. & Cleveland RR
Boston& Maine
D.& RG
Be&l
Cheshire Railroad
Pee Vege
C.B &N
Manchester & Lawrence RR
Worcester, Nashua & Roch. RR
Portsmouth
Fails & Con, Ink
Erie Seconis
Cl & Caut Pf
Fitchburg Ptd
Maine Central RR
Tani Kan. P
G. Vt
Chicago, Burl. & Northern RR
Tex. P R
Ny&n
N. Pac
Concord Railroad
Shore
Seth
T&s F
Do Trust Ga
McKay & Bigelow
As& P Inc
Boston Marine Insurance Co
Adams
Nee
Ance American
Wells Fargo
Essex Compan Ssa
C, K & Wine
BCYIP
North
Alice
Bulwer
Lowell
Cal& Vasatin
St. Louis
Stanisia
Tenn. Co i
Central Air Line
Oga’ & Ake Cham’n Inc
Dob Terre
Kansas City
Clin
Gr. Rapids
Newaygo & On
Eng. Mort. Secu
Eastman C
Fitehburg RR
Fitehbur RR
Wise
Frenchman's Bay
Cheshire Ilroad
Pueblo & Ark
Valley i
Cowley, Sumner & F
West End
St. J
C. B
Bell Tel
T&sFe
B&m
Fitchburg
F& PM
Spr &M
Lr&fis
Maine
O. Ae
Ny&ne
Owen Eee
Ore Transseeee
Pullman Pal
Rutland
Vt & Maas
Railway Gazette
Massachusetts
Jefferson
Ware
Gainsville
Henrietta & Western
Henrietta
Tex
Louisville
New Albany
Orange County
Indiana
San Francisco
Fort Smith
Ark
Paris
St. Paul
Railroad deals and earnings across several lines reported
New Haven directors lease the Connecticut Valley road for 99 years at 4 percent and authorize land condemnation for a four track project in New York. Authority to lease Naugatuk Valley road for 200000 yearly. Norfolk & Western to issue 40000 preferred shares at 5.50 to fund growth. Chronicle totals show March earnings for 58 roads at 32592656, up 5727782, and first quarter gains for 68 roads rising 6472590. May week totals and other line profits listed for several companies with year to date figures.
MENTIONED IN THIS ARTICLE
Atchison
the Herald
New England Works
Arizona Mineral Belt Road
Atlantic & Pacific
Chicago
Burlington & Quincy
Chicago, Burlington & Northern
Cleveland & Canton
Union Pacific
Wisconsin Central
Little Rock & Fort Smith
Boston
Jay Gould
New York & New England
Cyrus W. Field
New York & New England Railroad Company
Third Avenue
Mr. Field
New York
New England
Bateman
Pearsall
Boston & Lowell
Lowell
Franklin
Osceola
Calumet
Lake
Mutual District Messenger Company of
James M. Prendergast
Allen S. Weeks
Fred L. Ames
Thomas T. Eckert
Charles A. Tinker
Parker C. Chandler
Allen
Weeks
D. J. Hern
Thomas Roche
Otis Kimball
Lamson
Lamson Cash Railway Company
Martin & Hill
Colt
Lamson Company
United States Supreme Court
West End
New York Mail and Express
Newport Land Trust
Boston Board
John C. Bancroft
Benjamin Kimball
Charles D. Wainwright
Point
Newport
New Haven, Conn
New York & New
Oakes
Northern Pacific
St. Paul
Harris
Armour
Norfolk & Western Railroad Company
Commercial and Financial Chronicle
Madison
Wis
Freeport, Dodgeville & Northern Railway Company
Chicago, Mailison & Northern
Cadiz
Green County
Dodgeville
Isham G. Randolph
Ilinois Central Railroad
Commodities Roundup Reports Steady Prices Across Goods
Pig iron unchanged while old rails stay steady and copper demand remains moderate. Lead and tin show mixed moves with slight gains in tin and powdery activity in rye flour and molasses. Butter eggs and cheese hold firm as grains and produce like corn oats and potatoes show quiet to steady trading. no major shifts in poultry or meat.
Market for American pig iron remains quiet and steady
The Wetal Market shows quiet activity in American pig iron with unchanged prices. Western markets are weak, foreign pig quiet, while bar iron demand supports steady steel plate and tubes. Copper and lead show moderate to good demand, tin plates firm, and looming 1888 output gains cited by General Willard Warner.
MENTIONED IN THIS ARTICLE
Willard Warner
Alabama
Georgia
Tennessee
Great Britain
Cornwall
East India
Australia
Ermany
South Wales
Glamorganshire
Monmouthshire
Caermarthenshire
Hubbard, O
Troy Times
Wellsville
the Times
Leechburg
Penn
Demmler
United States
Baltimore
St. Iron
American P's
Gray Forge
Eglinton
Glengarnock
Summerlee
Gartsherrie
Langloan
New England
Shell
London
Straits
Market Reports May 21 Flour and Grain Prices Steady
The flour market stays firm with prices fully maintained though demand slow as mills refuse to sell below full figures while dealers avoid large lots. Corn remains quiet with prices nominally steady. steames yellow at 5514 5414c and steamer mixed at 524cc. Oats steady. on call 2700 bush year oats sold at 364c. Closing bid and offer data for white oats and various months are listed, with inspections showing 12 cars of mixed grains. Quotations in Chicago reflect mixed changes across wheat and corn markets, with flour classes and export-grade bobs summarized.
MENTIONED IN THIS ARTICLE
UBC
Chicago
Also Mentioned on This Page
Serip
Sonora
Kidder, Peabody & CO
Devonshire St
Boston, Mass
Nassau St
Baring Brothers & Co
Europe
California
British Provinces
Philadelphia
Iowa Water Co
Water Works
G. H. Venner
Baineers
Congress Street
Basset, Whitney & Co
Bankers & Brokers
Devonshire Street
F. H. Prince & CO
State Street
Mass
Birmingham
Chicago, Kansas & Western
Northern Pacific RR
Daniel Manning
F. Blankenhorn
C. N. Joapan
H. A. Smits
Western National Bank
City OF New York
Equitable Building
Boston Stock Exchange
Wilson W. Fay & Co
Bonanza Mining
Calumet & Hecla Tee
Franklin, Ee
Quincy
Eeet Ae Seweeese
Atlantic & Pac
Ine
Chi
Kan
Western
K. & Weat
Renee
Oudensburg
St Neries
Leston & Maine
Esas
Boston & Lower Peewee
California Southern
Central of Mass
Bur
Tote
Sand
Dayton
Com
Flint & P. Marq
Ft. Smith
Alas
N.Y
New
Eng
Isvy
Rutlan
Wisconsin Central.com
Ita
Beat & Telcher
Potosi
Taser
PVAKE
Crown Point
Sierra Nevad
Eureka
I Union
Gould & Curr
Utah
Hale & Norcross
ST. Paul & Duluth
NEW York Financial
Evansville
Cincinnati
Washington
Mae
Aheouie Grand Trunk
Horsford
Rumford Chemical Works
Commersal Matters
Minnesota
Michigan
Canada Superior
Canada
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!