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Newspaper

Boston Post

Location

Boston, Massachusetts, United States of America

Date

May 28, 1889

Page

6

Money Market and Stock Market Summary from Boston and New York

The Boston money market remains dull with clearing house rate 14 1⁄2 percent and loans easy up to 4 percent for good paper. New York exchanges rise, government securities quiet, and foreign exchange mixed. Local banks show a reserve decline despite loan and deposit gains. The stock market advances with Atchison and Chicago, Burlington & Quincy up, Wisconsin Central noted, and commentary on Texas and California railways. Copper prices jump in London as major producers report 1924 outputs. Dividends noted for Border City Manufacturing and others.

Boston Joanson Call New York Chicago St Louis San Francisco Telegraph New Orleans Charleston Savannah Reichsmarks Boston Bank

Investors seek control to back policy at Oregon and Transcontinental

The largest stockholders with a majority stake petition proxies for the June 17 1889 Portland meeting to back a program: prevent further withdrawal and ensure a 6 percent dividend from Oregon Railway and Navigation, settle relations among Northern Pacific Union Pacific and Oregon lines, resist a St Paul Manitoba attack, and fund debt efficiently. Proxies may be sent with substitutions. later dated proxies cancel earlier ones. Henry Villard Charles L Colby Colgate Hoyt New York May 18 1889.

Portland, Or Northern Pacific Railroad Company Union Pacific Railway Company Oregon Railway and Oregon Railway and Navigation Company Oregon Washington Territory Pacific Northwest St. Paul, Minneapolis & Manitoba Railroad Company Union Pacific St. Paul, Minneapolis & Manitoba

New York Money Market News and Stock Activity May 27

Money on call eased to 2 to 4 with last loan at 2 and closing 2. Prime mercantile paper at 342 5s. Bar silver 92 4. Sterling steady with sixty day bills at 4.8754 and demand at 4.88. Government bonds dull, railroad bonds active. Stocks remained active and strong, led by Reading New England Northwestern with Chesapeake Ohio Lake Erie Western and others gaining in a feverish, irregular session. Total stock gains featured many specialties and low priced shares while several declines appeared in select issues. Total reported bond and stock moves show mixed strength with notable gains in Burlington Cedar Rapids Northern firsts and Chicago Gas.

New York Prime Mercantile S. Bar Sterling Exchange Reading New England Northwestern Chicago Gas Chesapeake & Ohio Lake Erie & Western Chesapeake & Ohio First Louisville & Nashville Wheeling & Lake Erie Fort Worth & Denver Firsts Ohio Southern Burlington Cedar Rapids & Northern Rock Island St. Paul Duluth South Shore & Atlant Gulf, Color Santa Fe Illinois Central Metropolitan Atchison, Colorado & Pacific Manitoba New York & Pennsylvania Eokok Des Moines Denver & Rio Grande Terre Haute

Foreign Markets Show Mixed Early Gains in London

London trading reports a mix of gains and steady figures with Atlantic & Western firsts quoted at 34, Erie at 30 percent, Illinois Central 119, St. Paul 14 3, New York Central 110, Reading 24, and Mexican Central firsts 76 42. Money market rates stand at 11 1/2 percent for short and three month bills. Paris rates put 3 percent rentes at 87 francs 324 centimes. Berlin reports Imperial Bank specie up 9,440,000 marks.

Boothbay Eenreee Bosom Iissis Weeeewee Boston W. P Boylston Street Brookline Ene Campanello Boston Way Etter Tee Eere Ae Maverick Newportaseeeeee Eee Eeenee Lamoine Eewer Payson Eeee Eevee Penobscot Eeneere San Diego Esseeeerees Sullivan Eenseee Testes Topcka West End Eevrare Tvs Winthrop Wollaston Atchison Ieee Steetees Vail Kan D.D Ek H Ron M. & B Sede & i Ee & St. L Entral As .Y. Et E. Ta Ban Pueb Tag Do Inc St. Jo Union Pacific Wis. Cent Do Inc Atch To &S Freese Os Atlantic Pacific Loeyg Canton Conn River Estes Col Cin K. C K.C L. R. Ft St L Maine Central Hexican Rutland Summi Ee Seegade Eastman Car Lamson Teewee Pullman Palace Car Cotton Oil Trust, Ae A * Pe Car Co Pneumatic Tool Co Vacn, Oaeh & Liverpool Co Phonoraph Toy Mig Lynn Gas Electric Co Lynn & Boston RR Eee Wee A Mt. Desert East Shore New York Despatch Co North Chi Rollin Mill Onewenae Thomson-Houston Elec Do Trust (O Do Int Aos Ees oSee EL. P Seer Ee Thomson Fide Wading Westinghouse Elec Co Winnisimmet Company London Atlantic & Great Western Erie Illinois Central St. Paul Common New York Central Reading Paris Berlin Imperial Bank of Germany

Plymouth & Middleboro railroad location approved by selectmen

A Plymouth despatch reports the Plymouth and Middleboro railroad location approved after a hearing. Plans showed routes via Cobb Swamp and Cold Spring, with the northerly Cobb Swamp line favored for easier grade though longer.

Plymouth Selectmen Plymouth & Middleboro Cobb Swamp Cold Spring

Railroad and street railway developments and director elections

Financial notes list balances and expenditures for multiple lines including Boston and Lowell and Portland and Ogdensburg with sinking fund items and dividends. Directors elected for Pemigewasset Valley and Beverly Danvers Street Railway are named along with officers. East Wareham capital increase granted. Freight and personnel moves noted, plus Boston and Maine summer excursion volumes announced.

Boston & Lowell Portland & Ogdensburg Railroad Pemigewasset Valley Railroad Edward H. Rollins Concord Nathan H. Weeks Plymouth N. H Noah Clark Manchester Samuel S. Kimball Charles E. Morrison Boston Lewis C. Pattee Lebanon Charles A. Busiel Laconia Hiram N. Turner St. Johnsbury Ellins Nathan P. Hunt Harlow Samuels. Kimball N. H. Pemigewanses Valley John Bell Exeter Daniel Saunders Lawrence Beverly & Danvers Liberty High Water Streets East Wareham Onsett Bay & Point Montreal Boston & Maine

Commercial Market Summary Shows Mixed Farm Goods Activity

Flour and rye dull or quiet, oats steady, corn quiet, meal and products varied. Poultry firm and hay in good demand, potatoes dull, apples dull, oranges and lemons firm or in demand. Truck activity noted. Fresh beef easy, corned beef slow, lambs steady, molasses steady, tallow firm.

Graham

Quiet Fall River Cloth Market with Nominal Quotations

In Fall River on May 27 the print cloth market remained very quiet with quotations unchanged at 3 percent for 64 by 64s. Trade activity was subdued as buyers held back awaiting clearer signals.

Fall River

Opening of Duluth July Wheat Prices Mentioned

Grain futures and cash prices listed for corn oats and wheat with May June July and August bids and asks. Duluth July wheat opened at 96 4 to close at 96 cents in a terse market update.

Brodie Minneapolis St Louis Ak Duluth

Flour and Grain Prices and Stocks Report

Domestic flour and grain prices for carload lots are given with stock figures for May 18 to May 26 across wheat corn oats and barley in Chicago Boston and New York markets. Supplies and receipts are listed, with spot and futures quotes and varying market steadiness or weakness observed in several depots.

Butter Market Holds Steady Amid Strong Receipts

Butter receipts today 2790 pkgs vs 1545 last year with steady demand. Prices vary by grade from 12c to 19c on wholesale lots. fancied lots fetch 18c to 20c. Dairies and imitation creameries report fair supply and firm prices. Cheese and eggs markets show mixed activity with firm to steady quotes across New York, Baltimore, Chicago, and Utica. Potatoes face large supply and dull demand with regional price ranges listed for Chenangoes and Burbanks.

Canada New York Ans Vermont Vermon Eastern Chicago Baltimore Ohio Canton Altimore Liverpool Utica Little Falls Newampshire Fresh West Michigan Nova Scotias Islands California Lima Gredoorth West Jersey Bush Timothy North Houlton Hebrons Houlton Rose Aroostook Hebrons Aroostook Hebrons Burbanks Ebrons Nova Scotia New Brunswick Rose Prince Ward Island Bermudas

Also Mentioned on This Page

Bears Atchison Finance Committee Irong Brookline Chronicle Strong Tom Potter Milk Street H. K. Enos Missouri,ansas & Texas Texas South Gould Texas Pacific Missouri Pacific Chicago, Burlington & Quincy Wisconsin Central Despond Wisconsin Newark Stock Exchange Kansas City Fort Scott Memphis Clinton Springfield West Michigan Detroit Lansing & Northern California Southern California Central Chicago, Kansas & Westerns New Enland Boston News Bell Telephone Friends of Elevated Railways Ames-Shepard Syndicate Meigs Elevated Railway Company Meigs the Engineering and Mining Journal Anaconda Rio Tinto Calumet & Hecla Border City Manufacturing Co Fail River Ork Yoranufacturing Oregon and Transcontinental Company Boston Stock Exchange Waukee Lake Shore & Western Ashlan Division Brokers’ Board Am Hell Cal Dewee Tala Do Inc Rene Cowley, Sam & F L& Tsksses Ny&net Sonora Bell Eastman Aspinwall Land Frenchman's Bay Land Cal & Hec Franklin At & Pac Boston & Albany Oesse Sane Padiorn Cress Y&ne Esers M. Atlantic & Pacificine Cal So Inc French Bay Land T&s Fe Revere Old Colony Ee Union Esetewe Edison Phon Toy Mt Deg & East Land North Vhimone Ills Thom-Houst Ceeus Lo Inter Ser C Ae Westing Elec Ing. Ae Alt L Bevis Sting Bb Air L le N Can. Pacific Eeee Bot. Can. Bso Centrallowa Ae Pacific Ches. & Ohio Alton Bee C B &Q Loty Si. L Del Pd East Tenn Eeeteeae Houston & Texas Ater Ill Long Island Hese Louis Man Beach Eley Ewer Seer M Minn J. Cent Sgenee N. & W. Pref Oe Pacific Noriniest N. Y N.Y N.E Ohio & Miss Oregon S. Line Ian Pittevazes Sesgees Go Rock Gana St. L St. P Texas Provic. S. & W Tol O. O. Iret BuLe Oregon Lm Pacific Mail Eeee Pullman Passabe I W. Union American Oil Perry Coal Weer Lead Trust Obi Sugar Trust X . W. Deb Cen. P D. & Trans Lsts St. G RK. Gs J.C. Ar N. P U. Pac W. Cons Abs Col. Cook N. Belle Isle Lin Con Rio Dunkin Quicksilver I. Cristo Exchequer S. Nevada Hale & Nor Sullivan Con United Copper Iron Emai Utah Allenez Arnold Atlantic Honanza Devel Mont Butte Hecla Catalpa Crescent Huron Kearsa Trenton Seeaccsessens Osceola Onan O'S Abpinwall Ccc Miscellaneous Stock Exchange SALES Wilson W. Fay & Co State Street Edison Phon. Toy E.so Enews Erin Bos Gray’s Dynamo Beacon Electric Cotenae Robinson Foster Seeeee Elec Matrix Ewer O Fort Payne Coal and Iron Seenee Bay State Shoe Fastening Addax Basting Mach Sesee NEW York Financial Eece Potosi Esvrence Fut ‘& Belcher Savage Sierra Nevada Union Con Con. Cal Utah Crown Point Yellow Jacket Gould & Curry Commonwealth Nevad& Queen Foreign Financial Markets Railroad Matters Duluth & Winnepeg Wth South Shore & Atlantic Canadian Pacific Roads Mutual Exchange of Trafic Canadian Pacific Whitefield & Jefferson Railroad N.H Poewing Nathan Kh. Perkins George C. Lord E. A. Bartlett William A. Stowell Alson L. Brown Warren G. Brown Ossian Ray John J. Bell Boston, Concord & Montreal Railroad Pemigewasset Case Roe Farnum, Reardon & Co Illinois Gilman, Cheney & Co Dakota Minnesota Williams & Co John E. Welsh Bueh COP Cece Cccnes Hug Baley Hytte WGA Innesota Bakers Michigan Stone Canada Superior Canada Roller Canada Extra City Milwaukee Toledo Chicago No 2 Lake and New York & New England Railroad Boston & Albany Railroad Hoosac Peoria Ric Fiour Laraden Brown Bros. & CO Gro. E. Butuarp Louis Curtis THE Eastern Banking Francis A. Osborn T. Merrihew John Jeffries & Sons Devonshire Street
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