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Newspaper

Boston Post

Location

Boston, Massachusetts, United States of America

Date

May 23, 1888

Page

6

Money market steady with abundant funds and steady rates

The Boston money market remains steady with abundant loanable funds and moderate demand for accommodations. Time loans run 3 to 5 percent, collateral call loans 2 to 4 percent, and business paper discounts near 4 percent. Exchange figures show declines versus last year, with Treasury holdings and foreign exchange rates listed, while stock activity is light and mostly steady.

Boston New York Chicago St. Louis San Jancisco Telegraph New Orleans Commerce Bank Charleston Savannah Messrs. E. Rollins Morse & Co City of United States National Bank Reichsmarks Kidder, Peabody & Co Heidelbach, Schelheimer & Co Muller, Schall & Co August Belmont & Co Lazard Fréres Bank of Montreal Thompson the Treasury Gould Atchison Wall Street News Texas & Pacific Southwest Atchison Company Fountain Col Mexican Central Serip Willaya Tampic Proco Wssengers Breight

Utah Bonds for Sale by Territorial Treasurer

The Utah Loan Commissioners invite bids by 12 noon May 31 1888 for 150 bonds of 1000 dollars each at 5 percent interest payable semi annually. Redeemable after ten years with a redemption fund of at least 15000 dollars yearly. Bonds issued to fund educational institutions, tax exempt within the Territory. Highest bid wins with bid security required. James Jack Territorial Treasurer.

Territory of Utah Salt Lake Deseret National Bank Sich Bank City of New York State of United States Legislative Assembly Governor Congress James Jack Territorial

Auction Sales of Boston Stocks May 23 1888

Boston Stock Exchange lists auction stocks for May 23 1888 including Manchester & Lawrence RR Douglas Axe Man Co Howard Watch and Clock Co and many banks and railroads. Market notes two day shipping activity and railway bond movements with Jersey Central Keokuk & Des Moines and others.

Manchester & Lawrence RR Douglas Axe Mans. Co Howard Watch and Clock Co Eliot Fire Ins. Co Metropolitan N. BK Merchants’ N. BK Do Suffolk N. Bank N. Fagle Bank Do Suffolk N. Bk Pratt Manf. Co Adm Chi. & West RR Builolk N. Bk Hamilton N. Bk N. Bk Naunkeag N. Bk Salem Wakefield Rattan Co Lyman Mills Merrimack Mfg. Co Taunton Locomotive Co Vt. & Mass. RR Concord RR Detroit Lansing & No. RR Cons Cheshire RR Dwelling House Ins Boston & Roxbury Mill Corp Boylston Mutual Ins. Co Sugar Refineries Co Union Stock Yard and Transit Co Dwelling House Ins. Co WN. Exchange Bk. Et Lansing & No

Foreign Financial Markets Update London May 22

In London Consols quoted 98 15-16 for money and 99 for account. U S 4s at 18014. Atlantic & Great Western firsts 83 6, Atlantic & Great Western seconds 7 4. Erie 25 34, St Paul common 71 0, New York Central 10814, Pennsylvania 53, Reading 32. Paris novices 8 per cent rentes at 82 francs 75 centimes for the account. Money at 13/16 1% per cent. Bar silver 41% per ounce. bullion balance at Bank of England today £164,000.

Fort Scott & Gulf Missouri Pacific New Orleans Omaha Liverpool Louisville Evansville & St. Louis Chicago, Burlington & Quincy Union Pacific Cleveland & Canton Flint & Pere Arquette Promes Atlantic & Pacific Severa Atchison Regan Wnio R. L. Day & Co Old Colony Bell Telephone Erie West End San Diego Frenchman’s Bay Ater Power Lamoine Campobello Bar Harbor Alumet & Leela Brokers’ Board Beford Ales Egeee A T&s Fcoltr Ee Sonora Ee Am Bell Tel Ae Boston Gas Light B&n C& W M & Bos Kc, &Mos Kansas Inc E- C& Hec Kearsarge Quincy B& M S. B & Prov B&q Fitch K&pm Ny&ne Aetee Serer Ny&nseer Sess Sotos P T& SF Gos Lo Cal So Inc Ee C M & St P Ee Nor Pac OS Lbs Rutland St J & Gri Gs Famarack B&m Boston Stock Exchange Allou Eisers Ee Arnold Ener Ozyae Atlantic Bonanza Devel’t Cal Hecla Catalpa Crescent Tamarac Bly, Aspinwall Renee Louiston Street Brookline OSION French Bay Maverick Eeeerenee Ef Newport Ae Ane Payson Ewer Penobscot Big Topeka Pac Do Inc Cros Ll. G Do ‘Inc K. C Kk. C Sp & M Ee & St L. Im Ao Inc Scrip Newa Aunt Ower Nor Oregon V. Ta Rotland Southers Kan Sonora T. Jo Wis Wah Sicon & Albs Boston & Ies Reed London United States Atlantic & Great Western St Paul Common New York Central Pennsylvania Reading Paris Bank of England

New York Financial Markets Report May 22

Money on call was easy yet unsettled with rates from 1 to 2 percent and closings around 1.34 to 1.44. Sterling, government bonds, and railroad bonds held steady amid a dull session. Stocks opened weak in Louisville and Nashville, with St Paul and Union Pacific attracting attention. After morning lull, slight activity returned with renewed weakness in several issues, including notable declines, then a mild recovery as market breadth remained limited and dull.

New York Prime Mercantile Sterling Exchange St. Paul Union Pacific Louisville & Nashville Pha Dulness

Oregon and Transcontinental meeting and rail actions

The Oregon and Transcontinental Company schedules its annual meeting for June 18 with Henry Willard poised to lead. Shareholders are urged to appoint proxies in favor of Willard and colleagues Dillon Colby and Bull. Nearby, Windsor & Forest Line directors are elected in Claremont, and through rates for St Paul connections rise June 1 as northern routes adjust.

Oregons & Transcontinental Company Henry Villard Sidney Dillon Charles L. Colby William L. Bull Colgate Hoyt Brayton Mr. Willard Oregon & Transcontinental Company Oregon & Transcontinetal Company Kro Wallstreet New York Windsor & Forest Line Railroad Claremont N. H James Kurnap Marlow Virgil C. Gilman Nashua H. W. Parker Otis F. R. Waite Clarent Christopher Robb Stoddard J. A. Spaunding H. W. Hoitt James Taft Keene Hiram Parker Lempster St. Paul Chicago, Burlington & Quincy Chicago Minneapolis Lea Road Boston & Albany Denver, Texas & Port Worth South Pennsylvania Reorganization Committee Con

Market Notes From Grain and Livestock Prices

Commercial matters show mixed activity with several staples firm or steady. Lumber quiet. corn and oats steady. rye very firm. cottonseed meal strong. potatoes and hay in good demand. pork and lard in fair demand. beef quiet. poultry quiet. fruit prices mixed with oranges and lemons stable or unchanged. Truck activity remains active. sugar markets unchanged.

The Lumber Market Steady Amid Weather Delays and Quiet Trade

The lumber market remains quiet with steady demand and halted building due to two weeks of bad weather. Eastern lumber shows fair movement with strong prices for some Pennsylvania lots. Western lumber is steadier with moderate demand. Prices for shingles clapboards and various hardwoods vary, with detailed Boston weekly totals showing broad activity across pine, spruce, hemlock, whitewood, and walnut.

Pennsylvania Boston Canada Fordwoods Cypress Indiana Sivan

Trade in Wheat and Grain Markets Across Cities

Moderate trade and steady to firmer prices across grain markets. Minnesota bakers pass through fair export and domestic demand while Chicago and St Louis report mixed receipts and higher futures, with No 2 red and No 2 white oats and corn markets showing strength in some hubs amid overall subdued activity.

Minnesota Michigan Canada Superior Canada New York Ohio St Louis Chicago Minneapolis Milwaukee Lake An St. Louis Detroit Toledo Bush White State Minneapoli Graham New York Common East SaieOe Common

Wholesale butter and cheese prices in multiple markets

Wholesale butter prices range 20 to 28 cents with firm demand across regions including Vermont and Western creameries. creamery types vary from extra fresh to seconds. Cheese markets show steady but quiet activity with New Western cheese softer and several regional quotes. beans hold steady with general market unchanged.

Vermont Eastern Elgin Elgin Creamery Mediamrs Cincinnati St. Albans New York Ohio Utwa Chicago Liverpool New State New Hampshire Cheice Westerm Choice Michigan Nova Scotia New Brunswick Lée

Also Mentioned on This Page

Heela Central Mining Company Hagle River The Central Jay Hubbell Stephen Dorsey New Mexico Santa Fe Copper Company San Pedro Utah Territory Leominster Brewster, Cobb & Estabrook Congress Street Devonshire Street Foote & French Oregon Short Line RR Curtis & Motley Stock and Bond Brokers State Street Williams & CO Vt. & Mass. Ra Boston & Maine RR West Endst Fe RR Metropolitan Natl Metropolitan N. Bank Bay State Live Stock Co Powow River N. Bank Nat Union Bank Eastern Kh Reece Button Hole M. Co Boston & Me Rutland RR Atlantic Met Ins. Co. Scrip Concord & Mont, RR Worcester Gas L. Co Washington N. Bank Mechanics’ N. Bank McKay Met Fast, Asso Do Sombarg Invegtment Co Ficn Rutland RE. Lin Nat. Bk. of Commerce Globe Gas Light Co Boston Wharf Co Do Sugar Refineries Co Union Met Fast. Co Natl. Bank Milford Cheshire RR. Co Hamilton Natl. Bank Bay State Gas Co. Common Massachusetts Natl Chicago, Burlington & Quincy RR. Co Atlantic Mutual Insurance Serip Fitchburg BR New England N. Bk Boston & Providence RR. Co Laconia Mfg. Co Metropoliten N. Bk West End St. Ry. Co Manchester & Lawrence RR. Co Iowa Rr, Land Co Jersey Central Keokuk & Des Moines Indiana, Bloomington & Western Eastern Division Mobile & Ohio New Oregon Transcontinental Cleveland & Pittsburg Consolidated Knoxville & Ohio Firsts Kansas & Texas Ohio Southern Calley al. Southern Serene K. Gy Fes Gulf Mem Uim Bell Mervin Lamson Store Ser.Co Pullman Palace Alt Heeene Pacific Can Anton Lowa Central Pac Ches Alton Del Den Eaeassee Rere Wayne OL Fu W Hocking Val Eeve Houst Texas I. Centrak B. & Wese Tex Kinnee SY & Pem Lake Shore Aun St. L M.& Ohio M. & Essex Nash N. J. Cent Bain Nor Northwestern le C. & St.athe N.L Miss Pittsburg Rock Island Rome Gil Eure Texas Pacific PEL Tol U, Pacific Utica & Eee Bure Land Pullman Pal Union Co Choee E.G Aan . L Ss. D R.G N. P N. J. C. Int W. Shore N.W Adams Wells Fargo Wel Homestake Best . Welch Ontario Ophir el Cristo Pronstite Exchequer Quicksilver Hale & Nor Tenn G.wise Hock California San Francisco Oy Pet & Belcher Socoee SF Chollar Savage Sierra Nevada Eureka Gould & Curry Uy Hale & Norcross Typ Uconn Cease Mexican Nevada le Isle Mono North Foreign Financial Markets NEW York Financial Railroad Matters Chicago Markets Farnum, Reardon & Co John E. Welsh
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