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Newspaper

Boston Post

Location

Boston, Massachusetts, United States of America

Date

May 30, 1889

Page

6

Money Market and City Stock Trading Report

The Boston money market shows little change with abundant loanable funds and varied rates from 2 to 8 percent. New York exchange totals rise, bonds quiet, and commodities shift after rate-cut rumors. Chelsea National Bank subscription oversubscribed. Winnisimmer Bank planned for July open on Broadway. Local stock activity ends weak after Chicago rate-cut news. Atchison weakness and Atlantic & Pacific gains noted. Wisconsin Central climbs with Northern Pacific earnings talk. Bell Telephone and San Diego Land firm. Congress rumors on Lower California.

Boston New York Chicago St Louis San Francisco Telegraph New Orleans Bank Charleston Savannah Reichsmarks Chelsea National Bank Winnisimmer Broadway Chicago, Burlington & Northern St. Paul Canadian Pacific Lake Chicago & Alton Interstate Commission Ag O. Atchison Crocker Atchison Stock Atlantic & Pacific Newark St. Louis Flint & Pere Marquette R. G. Rolston John A. Stewart Oregon Boston News Wisconsin Central Northern Pacific New England Town Central First Treasury Bell Telephone Ames Bell Telephone Company San Diego City of Mexico Congress California United States Cordley & Co Denison Tex W. P. Rice J. M. Ford

Dividend Declarations From Several Firms

The Lehigh Coal and Navigation Company declares a semi annual dividend of 6 per cent. The Loan and Trust Savings Bank of Concord New Hampshire declares an annual dividend of 4 per cent. The Southern Cotton Oil Company declares a 4 per cent dividend payable June 16. The Chicago Gas Company plans to declare a 2 per cent semi annual or 1 per cent quarterly dividend on Friday.

Lehigh Coal and Navigation Company Loan and Trust Savings Bank of Concord N. H Southern Cotton Oil Company Chicago Gas Company

Foreign Financial Markets London May 29 Advices and Rates

London stock quotes show Consols at 99 1 16 for money and account. Atlantic & Great Western firsts 34 1 4, Canadian Pacific 57 1 2, Erie 29 1 2, Mexican ordinary 60 4 8, St Paul common 75, New York Central 111 1 4, Reading 24 1 4. Discount rate 1 1 2 per cent for short and three months bills. Paris rentes 3 per cent at 86 francs 75 centimes. Bank of England bullion withdrawn today 18,20,000.

London Canadian Pacific Erie St. Paul New York Central Reading Paris Bank of England Boston Stock Exchange Kearsary Caceola Quincy Kan Tex Famarack Pees PO A&p M. B& Ee Eee Cal Sc.i Casas Miscellaneous Stock Exchange Louis, & Nash Ee Eee Louis N. A Wilson W. Fay &Co State Street Man Beach Lee Ee Peeve Mew Edison Phon Toy PIA Ecdoens Pacidc Santa Fe Baie West PIG Cweres Rlec Mit Nash Chat Wis Beacon Electric N. J Parisie Cy Beveedee Nor Pac Union Bank Oo - Shunufacturers Ohio & Miss Wis Cent Bassi UO Inc Eeeereeers Amisell T West Iis Erie Tel Shlive Northfield Bank Northfield Serene WADIC Eee Atlanntic Bank Eeeeta Rich. & al Eevee Aja Fe Bank Balem Meeereseses Ceesees Ioward Bank Amey Enki Eeeus Vays Rome Maas Boylston Bank Sul F& PM Pfd Eecess Rere Tees Aeee C.ee& Weer Tremont Hank Eess City Bank UB & Q Pee Faneuil Hal Bank Louisiana St. Beeeee Hamilton Oollen CO Vere St. Y West End Rypid Aus Thornake Mills Texas Pacific Dwight Mfg. Co Great Malle U. Pacific Nichmarket Mig. CO Ceeseeeeeneeee Utica & B. RK Bpio Cad Securities Arlington Mills Hla W Bere Dy Mib. CO Esce Cotton Starkills W.& LE Orsi Dison Phon Toy Middlesex Millis Beeee Mt Des & Bast Lund Lowell Machine Shops Sqeneeds Et Rtae Ae Sugar Refineries Douglas Axe Difg, Co Orego Esa Ener Ihom-Luust Ees Union Man. Co Fall River Pact Eeee Old Colony Eevecessee Ee Naniikes Street RU Union Eee Bredeeee Cess Laonmy Aerian Oil Chicago Bur, & Quincy Leinigewasget Val Connecticu River Perry Bog Los Con Montreal Conn Passumpsie RR Gas Allouez Providence & Worcester Aes Cameron Coal Arnold Boston Rev. Beach Lynn Lead Trust Atlantic Esclvctesauces Oy Sandusky & Leve Ee Sugar Trust Honanza Devel’t Falls & Conn Ril Eeeseesees B. & Mont RR. of Vermont Butte & Boston Eeeuterere Denson Land and Investment Co Cal. & Hecla Kikegsavei Saiem Marinetis. Co O. Nav Sig Catalpa Calumet & Hécla Mining Co Cen. P Fort Payne St. Ly I. & Central Ecee Dankin Sone Franklin Putnam Nail Huron Farmers’ Loan and Trust Co. ‘of Matine Ins. Co Lotyg' St P. C. Kearsarge McKay Wimmsimmet Co So. P. Osceola Mechanics’ Hall Corp. Baloid T. G. Ists Ccseceersvere Osceola Mining Quincy. Sees I Tex. P. Cumarack Northampton Gs Reese P. Lst Highland St. RR Com Janette Pre IV. Pac Iowa Falls Ares Top St. Fe Mining Cunbirain W. Piss Cuseeeess N .E Ottawt, Daw. & Fox R. Val Socess Zig Relcher Mono Brookiine Whee Malden & Melrose Gas Cor UA Bodie UA Bodie Eee Ee Mot.s. & M Campo Michigan Ontario Plymouth Deadwood T. le S. Nevada Waysou Sullivan Con Penobscot United Copper San Diego Sullivan Fopeka Lst W. Mich Vt. Ea Etewe C. MM St. P K. c Je &C. Bs Ives Oregon S._L L. C. Con Pub Ener Sonora St. Jo & Ty L Union Pacific Go Inc Ees Ee Ae Atlantic Pacific Hoston & Aluary Canton Fitchburg CL & Sp Wee K.C Maine Central N. Be Rutland Summit West End Cce Reese Eeveesseepes Eeeeves Seeenes Tropica Eastman Lamson Store Ser. Co Pullman Palace Car Pneumatic Tool Co Lurton Stock Car Co Bee Boston & Liverpool Co Phonograph Toy Mig

Stockholders Propose Policy for Oregon and Transcontinental

Henry Villard Charles L Colby and Colgate Hoyt call for proxies to support a policy at the June 17 1889 Portland meeting. They seek stable rental and dividends from Oregon Railway and Navigation Company, settlement among Northern Pacific Union Pacific and ORN, and to resist new railroad combinations. Proxies may be substituted. later-dated proxies cancel earlier ones.

Portland, Or Northern Pacific Railroad Company Union Pacific Railway Company Oregon Railway and Navigation Company Union Pacific Company Oregon and Transcontinental Company St. Paul, Minneapolis & Manitoba Railroad Company Union Pacific St. Paul, Minneapolis & Manitoba I’l Henry Villard Charles L. Colby Colgate Hoyt New York

New York Financial Market Turmoil Tests Investors

On May 29 New York money on call remained easy, while Sterling exchange stayed dull. Trading showed broad weakness in stocks and bonds with Canada Southern and Rock Island among notable decliners, and a late-day rally failed to lift prices above the day’s lows.

New York Prime Mercantile Paper Sterling Exchange Canada Southern Chicago Gas Atchison Burlington Northwestern Armour St. Paul Western Union Denver Keokuk Des Moines Dakota Great Southern Lake Shore Kansas Pacine Vandalia Terre Haute Shenandoah Valley Equitable Gas Hocking Valley Paige South Shore Atlantic Gus Colorado Santa Fe International Kansas &Texas

New York Stock Sales May 29 Summary

New York stock market report shows total daily volume of 268 400 shares. The list details stock by stock shares sold and includes opening price highest price lowest price and closing price for today and the prior day closing.

New York

Market keeps weak as Southern iron fights for share

The metal market shows no improvement with low quotations and small deals. Rumors of freight cuts hurt sentiment while Southern irons press into Northern markets. Alabama and Tennessee producers hold back, signaling pressure on Pennsylvania and Western makers. Ex-Governor John C. Brown notes Southern furnaces can underprice rivals, fueling fears of a sectional iron war and possible $8 to $9 iron in parts of the South, with freight ranges cited.

Alabama Tennessee Pennsylvania West John C. Brown Tennessee Coal, Iron and Railroad Company England Middle States

Print Cloth Market Quiet in Fall River Trade

The print cloth market in Fall River on May 29 shows no change in quotations with 64x64s at 3 3/4 and 66x56s at 37-166. Few buyers are active and weekly transactions are very light.

Fall River

Commercial Market Mood Steady Across Goods

Lumber and iron show firmness and unchanged levels while copper and lead hold steady. Corn and oats stay firm and steady, with butter and hay in good demand. Oranges strong in demand, sugars firm, molasses firm, with several minor items listed as dull or quiet.

Anthracite iron market shows declines and shifting output

Buyers cling to limited Pennsylvania and Alabama iron while Western orders go to Alabama. Between Feb 1 and May 1 weekly anthracite iron production fell by 3872 tons, with six furnaces blown out and eight or nine more at risk. Steel rails quiet and prices steady. pig iron and copper markets mixed with quiet demand. Local demand steady, foreign pig iron slack, and trade in various iron and steel products shows mixed activity across grades and regions.

Pennsylvania Alabama Board of Control London Eglinton Summerlee Gartsherrie Langloan Coltness Norway

City Horse Market Trades Strong Across City Stables

City horse market shows good demand with varied stock from family ponies to heavy draughts. Bazaars report sales of 125 head midweek, prices from 40 to 275 dollars. notable carloads to New York and local exchanges see drivers, draught, and ponies selling at steady, often rising, prices.

Walker’s Bazaar Moses Colman & Son AE Bowsler New York State New York W Newton Atiishburgh & Co Russell Welch & Haill International Horse Exchange E Ham & Co

Wheat and corn trade in Chicago market report

The May market summary shows local wheat trading buoyed by weather rumors and frost fears, with prices fluctuating and shorts covering little. Corn remains steady with modest gains early and slow movement. hog receipts and oats demand are cautious as rain and cooling temps influence expectations for June receipts and crop prospects.

Chicago Farnum, Reardon & Co Boston Gilman, Cheney & On Minneapolis Duluth

Prices and receipts for flour and grain at multiple markets

John E. Welsh reports carload grain quotations and flour rates across domestic markets. Receipts include 65 cars of mixed corn and white oats, 1845 barrels and 3206 sacks today. Markets are quiet with little demand. spot prices range from 2.26 to 5.75 per barrel for various flour and patent grades, while corn and wheat prices show quiet or lower tendencies in New York Chicago Milwaukee and St Louis.

CS Williams & Co Boston Ay Ang Cece Yas Minneapolis ISG Eaehlaen New York St Louis Duluth Minnesota Michigan Canada Superior Canada Roller Canada Extra City Mall City Chicago Milwaukee Toledo Nedkwaukee—Com

Also Mentioned on This Page

Foreign Financial Markets The City of Blake Bros. & CO State St Nassau St Worcester Brewster, & Estabrook Congress Street Cobb Letters of Credit Foreign Exchange Atlantic & Sf San & Cleve Det Lans & Nor Clin & Spr Preblo & Ark Val Pacitle Bell Eammonss Avorione Frenchman’s Bay EOE Shawn Muouon Raes B & Mont Mining Cal & Heche BUC NEW York Financial Cal Alta Aveces Ya ‘Union Cesses Crown Point Utah Cecesesseses Gould & Curry Yellow Jacket Hale & Norcross Commonwealth North Belle Isle Boston Investment CO Rehantiey St Astem Ck Aelling Lette AL. Pacific Air L Roch, A& FE C. K Pacific Central Lowa Central Pacific Ches. & Ohio St. Pres del. & H East Tans Fort Wayn Hocking Val Mt Houston & Texas Dr.Central J. E. Carter & Co., Bankers & Commission Brokers Washington ST Kansas City Farm Russia Baltimore Fisa* Oval Berlin John Munroe & CO Post Office Devens, Lyman & CO Brown Bros. & CO Gro. E Leo Curtis the Eastern Banking CO Milk Street Francis A. Osborn T. Merrinew Western Farm John Jeffries & Sons Devonshire Street John E. Welsh Buslton
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