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This newspaper page contains 12 articles. Subscribers can read the full text of each article.

Newspaper

Boston Post

Location

Boston, Massachusetts, United States of America

Date

Oct 03, 1887

Page

6

Money Market Steady With High Clearing House Rates

Boston notes a firm money market as banks discount at 6 to 6.5 percent for regular paper and 6.25 to 7 percent for outside paper. Clearing house borrowing reached 6 to 6.75 percent, with New York funds easing from a premium to par. Week totals show $74,126,462 in clearings and $9,127,377 in balances, while government payments and dividends are set to total millions this month.

Boston New York Treasury de -Rease New York Evening Post Europe the Tribune Sub-Treasury New Orlean Chicago Boston Post United States Providence St. Louis Portland Worcester Hartford Baltimore Philadelphia Cincinnati New Haven Lowell Wichita Indianapolis Omaha Memphis Grand Rapids Louisville Pittsburg Cleveland Duluth

Banks and firms declare varied dividends across region

The Central National Bank Worcester declares 3 percent dividend. Rollstone National Fitchburg and National Grand Marblehead announce 3 percent. Millbury, Plymouth 8 percent. First National Woburn 334 percent. Vermont Massachusetts Railroad pays $3 per share. Dunkin Mining 5 cents quarterly plus 5 cents extra. National Bank of Commerce New Bedford 3 percent. Mercantile Salem and First National Danvers 3 percent. Cutting Car Maine 2 percent quarterly payable Oct 3. National Tube Works dividend should be 24 percent, not 2.

Central National Bank of Worcester Rollstone National Bank of Fitchburg National Grand Bank Marblehead Millbury National Bank Plymouth National Bank First National Bank Woburn Vermont & Massachusetts Railroad Comany Dunkin Mining Company National Bank of Commerce New Bedford Mercantile National Bank Salem Danvers Cutting Car Company of Maine National Tube Works

Holders Des Moines 5 Per Cent Improvement Bonds

Des Moines Iowa issues 5 per cent improvement bonds dated October 1 1852. Bond descriptions list holders and terms, with notes on interest and redemption provisions. The record notes the historical municipal financing instrument and its issuance date in 1852.

Des Moines Iowa

Purported Stock Certificates Warned Fraudulent

Atchison Topeka Nanta Pe BR aml persons are warned not to purchase any certificates dated after September 14 1887 purporting to represent stock in the company. The firm lacks authority to issue ten million nine thousand dollars of stock recently subscribed for and a suit is pending in the United States Circuit Court District of Kansas to decide the issue with no hearing yet. This notice protects innocent parties from illegal worthless stock claims.

AML United States Circuit Court District of Kansas

Bankers and Brokers Ad for Basset Whitney & 60

An old style listing from 72 Devonshire Street advertising Basset, Whitney & 60 as bankers and brokers. It states direct wire to New York, buy and sell stocks and bonds for investors or on margin, and dealers in municipal and railroad securities.

Europe California British Provinces Boston New York Philadelphia Basset, Whitney & 60 Bankers and Brokers

Market steady with gains as bank reserves rise

Trading opened firm and advanced modestly before bears trimmed leaders. Bank statement showed reserves up over 8.2 million, later rally to top prices. Government and railroad bonds dull but firm. stock market remained generally firm with small gains. W S Lawrence notes few transactions, slight irregularity, buyers awaiting bank news.

Ling Exchange Bears W.S. Lawrence & Co

Money on call and mercantile paper rates in New York

Money on call has been easy with rates from five to six percent, the last loan at six percent. Closing offered at two percent. Prime mercantile paper stands at 642 81 percent. Bar silver quoted at 06. Ster New York Oct.

Prime Mercantile Bar Ster New York

Foreign markets show demand and firm railroad securities

In London the past week saw active discount demand at 4.4 and a firmer stock exchange. American railroad issues improved since Monday, with a notable closing gain across several bonds and stocks. Continental bourses remained quiet but firm, with gains on the Paris exchange.

London The Stock Exchange Erie Lake Shore Norfolk Union Pacific Wabash Louisville & Nashville New York Central Reading Northern Pacific Leach St. Paul Paris Exchange

Northern Pacific and Union Pacific Lease Oregon Railway Property

Northern Pacific directors vote 9 to 2 to join Union Pacific in leasing Oregon Railway and Navigation Company property. Territory divided by Snake River and Columbia to form lines. Columbia & Alouse railroad to be transferred to Northern Pacific. Special stockholders meeting set for Nov 1 to approve bond issue up to 12 million dollars. Illinois Supreme Court upholds limits on railroad right of way takings for public use.

New York New York Bank Messrs Parkinson & Burr Atchison Chicago, Kansas & Western Kansas Gulf Wisconsin Central St. Paul Western and Northwest Freight Association the Tribune Union Pacific Northern Pacific Oregon Oregon Improvement Company Ing San Central Jowa Eere Central Pac Eet Ches Ohio Alon C. St. Pacs Ee Col Erie East Tenn Evecare Fort Tas Hous Texas Ibis Tex Man Beach Eleyv Mem Eeves Eeeet Central Sae St. L Pacific M. & Essex Eneree Nash Chat Agit N. J. Cent Ee Haen Coy Calume Ui Tamarack Ont West Aspinwall Boston Western Asiern Little Rock Ft. Smith St Pd SK Miveses Iiss Esa Dais Pe Toledo Asd Union Peub. & Ark Sonora Southern Kan Pacific Mail Pullman Tt Unilon Con GAB A. T Coal Atlantic& Pacific Eeuereseees Boston & Ajdany Ec Boston & Maing Chi Rae & Northern Bur Quincy Alifornia Southern Central of Mass Com Cave Dow& Re W .& S. Oeuteeil Mass Sand Cleveland St. Peons Cleve Canton St. P Aces of Erie Ists Eae Fitchburg Flint & P. Com Tex. P Den Tex. Flint & A Mari N. E Pac Nav W. Shore Wey Summit U.S Adams Wells Fargo American LOT Hell Telephone Ontario Amador Phoenix Best & Bel Rit Plymouth Col. Coal Con. C Surinam el Cristol Tenn. C. Be I H, Gl& Iron Ake Selle Isle Union Pacific Company Oregon Railway and Navigation Company Charles Francis Adams T. J. Potter Harris Oakes Snake River Salmon River Columbia Columbia & Alouse Northern Pacific Company Northern Pacific Board Supreme Court of Ilinois Chicago, Burlington & Northern Illinois Central Galena East Dubuque

Railway Tax and Condemnation Dispute Dominates Rail News

The report discusses a Supreme Court style condemnation petition against Burlington & Northern, potential loss of $100,000 on the line, and the riverbank project. It also covers New York Central tax questions under interstate commerce, and a favorable year for the Cincinnati Indianapolis St Louis and Chicago Railway with bond refunding and mileage gains.

Atlantic & Pacific California Southern Chicago & West Michigan Wisconsin Central Klint & Pete Marquette Kansas City Memphis &Irmingham Springfield Memphis Mexican Central Ger Wace Western & Northwestern Freight Association Burlington & Northern St. Paul Wisconsin Boston & Lowell New York & New England Oston & Albany Rutland Common West End Boston Harward Square Park Square San Diego Frenchman’s Bay Lamson New York Commercial Bulletin Today Fune London Cables New York Stock Exchange Cincinnati, Indianapolis, St. Louis & Chicago Railway Company Piato Eis P.c Railroad Gazette Atchison, Topeka & Santa Fe Chicago, Kansas & Western Kansas Southern Leavenworth Northern & Southern Denver & Santa Fe Chicago Santa Fe California Santa Fe & California Iowa Chicago & Northwestern Faulkton Gettysburg Dak Fargo & Southwestern Edgerly Minnesota & Northwestern Dunbar Nashville Chattanooga St. Louis Elora Tenn Erren Switch Victoria Lakeside & Marblehead Railroad Company Cleveland J. W. Wardwell New York Central Hudson River Road

Commercial Conditions in Metal and Food Markets

The metal trade is unchanged and most food commodities show steady demand. Flour, butter, cheese, pork, lard, and fresh beef hold firm. eggs and beans enjoy quiet demand. oats, rye, molasses, and sugars stay steady or quiet. Potatoes, hay, straw, grass seeds, and truck demand remain stable, with hams and other meats quiet.

Market for metals holds firm amid scarce anthracite iron

Latest week shows steady pig iron and strong foundry activity with good demand in Pittsburg and Cincinnati. Prices hold near year‑ago levels despite oversold Southern steel buyers, while supplies tighten on old rails and scarce tin and copper markets show mixed moves. Tamarack copper profits cited, and general outlook remains cautious yet stable with no urgent shortages foreseen.

Pittsburg Cincinnati Messrs Rogers, Brown & Co Ohio Chicago St. Louis Norway London Russia Tamarack Company New York Commercial Bulletin Napoleon New York Philadelphia Baltimore Gray Forge Eglinton Glengarnock Summerlee Gartsherrie Langloan

Also Mentioned on This Page

Clearing House New Orleans Pees ET Wittsburg Sf Pan Milwaukee Minneapolis Peuver Salveston Detroit Lidianapolis Columbus Startford Eorla St Joseph Worcester OG Lo Wwell Syracuse Rapids N. York Rey N. Ons Pit’burg Kan. C’y L’ville Denver Gaston I. Crevel N’p'ls Mercyhis D. Columb’s N. Haven Peoria G. St United Louis San Francisco Battinore St. Fath Omaha Hevee la Minneapolis Galveston Heartford D. Peoria Aee Eee St. Joseph N. Y Devonshire St Boston, Mass Nassau St Baring Brothers & Co Cofkin & Stanton Wall ST Devonshire Street Boston Stock Exchange Brokers’ Board Ighest Rutland Am Bell Tell Mo Pac. v Ny&ne Ee Union Vpacific S A T& S At & Pac Inc West Ind T&sf Cc& W F&pm M&b NY & E Wis Mining and Stock Exchange Fitnst Board Bon.y Allouez Aztec Bowman Crescent Mining Dunkin Mining Eeeeeses Napa Mining Oriental Aaa Miller Mining Rappahannock Sa Security Wee Seer San Diego Lan Lord Acoustic Telephone Amer Elec, Co Burton Car Co Werner Kensington Chair Co Lamson Store Bere Enews Mil Arnold Rappa Ate Bonanza Bur.c.co Catalpa Crescent LordAe Mass.l.a Wilson W. Fay & Co State Street Oseer Osceola Barton Stock Car. Ie Esventee Aw Lord Bonanza Dev Sensi Cas Elec Mtg Cal Gould & Cowry Weer Hale & Norcross Hest & Belcher Chollar Col Crown Point Navajo Potosi Sierra Nays Union Con Utah NEW York Financial Railroad Matters Illinois Albany New York Central Railroad Interstate Commerce Commission Ore Marlboro Peterboro & Shirley London Stock Exchange Committee Cairo Vincennes & Chicago Reorganization Committee Sault Ste Marie & Atlantic United States Rolling Stock Company Car Trust Indiana Bloomington & Western Marquette Houghton & Ontonagon Tennessee Virginia Georgia Grand Trunk
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