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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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