Money Market Stays Tight as Banks Brace for Comptroller Call
Boston money market shows firm conditions with bank dealings at 7 percent at the clearing house. New York funds trade 15-16.4 cents premium. five percent issues and reserve positions shift, while specied gains widen the surplus to 2,065,914. Market trends hinge on anticipated comptroller call and weathered by optimistic bank statements.
MENTIONED IN THIS ARTICLE
Boston
New York
P.c
Bks
Sterling Exchange
Continental
Frances
Reichsmarks
la Bretagne
Havre
A. Belmont & Co
Heidelbach, Ickelheimer & Co
Atchison
California Southern
West End
San Diego
Boston Stock Neachance
Las Vegas Flat Springs
Santa Fe
New Mexico
Gallup
Railway Age
Albuquerque
Texas Panhandle
Las Vegas
Chicago
Pacific Coast
Union Pacific
California
Ross
Dividends Declared by Multiple Companies
Banks and firms across New England and Ohio announce dividends. Mechanics' Bank Newburyport and New Bedford Gaslight report 2 percent, Fall River firms Tecumseh and Mechanics' Mill 14 and 2 percent, Morse Twist Drill 2 dollars per share, Etna Insurance Hartford 4 percent, Direct Cable 2 percent, while Fidelity National Bank of Cincinnati anticipated at least 20 percent soon.
MENTIONED IN THIS ARTICLE
Mechanics’ Bank
Newburyport
Mechanics’ Mill Company
Fall River
Tecumseh Company
Morse Twist Drill and Machine Company
Bid Bedford
New Bedford Gaslight Company
Etna Insurance Company
Hartford
Direct Cable Company
Fidelity National Bank of Cincinnati
Warning Against Purported Stock in Atchison Topeka & N.Y. Fe RR
All persons are warned not to purchase any certificates dated after September 14, 1887 purporting to represent stock in the Atchison Topeka and Santa Fe Railroad. The company lacks charter authority to issue $10,000,000 of stock, a suit is pending in the U S Circuit Court District of Kansas, with no hearing or decision yet. The notice protects innocent parties from buying potentially illegal and worthless stock.
MENTIONED IN THIS ARTICLE
United States Circuit Court
District of Kansas
Kidder Peabody Bankers Notice in 3 Cities
Kidder, Peabody & Co bankers announce stock and bond orders executed in Boston, New York and Philadelphia from their New York office at 1 Nassau Street.
MENTIONED IN THIS ARTICLE
Kidder, Peabody & CO
Boston
New York
Philadelphia
Investment Bonds and Mortgages Listed in Financial Summary
A compact notice lists bonds and mortgages including Boston Cons Street Railway Chicago Bur. & No. 1st Mtge Chicago Bur. & No. Debenture Southern Kan Gulf Div ist Mtge Spokane & Palouse ist Mtge Gold Northern Pac Guarantee City of Providence Town of Randolph Mass Mercer County Ohio 4 1-2s.
MENTIONED IN THIS ARTICLE
Boston
Chicago
Kan
Gulf
Spokane & Palouse
Northern Pac
City of Providence
Randolph
Mass
Mercer County
Ohio
For Sale by Adams Blodget Co Boston Listing
A sale notice from Adams Blodget Co located at 90 Congress Street Boston. Details indicate inventory or securities offered through the Boston Stock Exchange. Further specifics not provided in the readable text.
New York Stock Sales Oct 3 Mining and Misc Stocks
Today's transactions aggregated 312 900 shares. The list shows shares sold with opening, high, low and closing prices for each item and the prior close. Prices reflect activity reported by Wilson W Fay & Co Boston.
MENTIONED IN THIS ARTICLE
Wilson W. Fay & Co
State Street
Boston
New York
Market summary shows stocks weak as bears drive prices down
New York trading opened with broad weakness led by St Paul and the general list. Western Union remained firm on merger rumors while railroad bonds stayed dull. Losses narrowed late but closed near day’s lows with several listed issues and trust receipts showing small gains in select issues.
MENTIONED IN THIS ARTICLE
New York
Sterling Exchange
St. Paul
Bears
Western Union
Baltimore & Ohio
New England
Richmond & West Point
Lehigh & Wilkesbarre
Colorado & Santa Se
New Orleans Pacific Trust
Ohio Southern
Oregon Improvement
Pennsylvania
Tennessee Coal
Birmingham Division
Foreign Financial Markets Update From London and Paris
In London on Oct 3 Consols traded 1019 16 for money and account. U S 4s at 127 do 414s 1114. Canadian Pacific 65 35, Erie 30Va, do seconds 102. Mexican ordinary 424, St Paul common 80V4, New York Central 11214, Pennsylvania 57, Reading 313, Mexican Central 1644. Paris at 1:30 p m shows 3 per cent venues at 82 franc 27% centimes for the account. At 2:30 p m money 342 4 per cent.
MENTIONED IN THIS ARTICLE
London
United States
Erie
St. Paul
New
Big railroad project connections and new line plans
The Atchison, Topeka & Santa Fe signals large future work after completing its Chicago St. Louis Denver St. Joseph extension with a focus on a Kiowa branch through San Miguel county to link with the main line east of Las Vegas Hot Springs. Additional tunneling and grades are planned toward Gallinas Canyon and a Las Vegas Santa Fe Gallup route with three major tunnels between Las Vegas Hot Springs and Santa Fe. Trains on other lines shift operations as the New Haven system changes, lighting trials for Hoosac Tunnel advance, and railroads adjust tracks and depots to accommodate freight and interchanges across Boston, Albany, Chelsea, and Baltimore paths.
MENTIONED IN THIS ARTICLE
Chicago & Eastern Illinois Road
Chicago
New York
Union Pacific
Northern ‘Pacific
Oregon ,Transcontinental
Oregon Railway and Navigation Companies
Columbia & Palouse Railroad
Northern Pacific Road
Northern Pacific
Chicago, Burlington & Quincy
Wall Street
Grangers
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Los Angeles
California Southern
Winchester
Mass
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California
Massachusetts
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Summit Branch
Santa Fe New Mexican
Atchison, Topeka & Santa Fe
Chicago, St. Louis
Denver & St. Joseph
New Mexico
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Santa Fe
Gallup
Kansas
Kiowa
San Miguel County
Atchison, Topeka & Banta Fe
Black Range
Magdalena
Gallinas Canon
Hot Springs
Lee and
St. Louis
Pacific
New Haven
Re Junction
Hoosac Tunnel
Court case over 173000 verdict and stock hypothecation dispute
The Cincinnati petition seeks an injunction to block Kohn Loeb Co of New York from transferring 4500 shares of Dayton & Michigan preferred stock held as security for an Ives loan. The stock allegedly belongs to the plaintiff and was wrongly hypothecated. Also noted are railroad earnings and outlooks amid a drought affecting crops.
MENTIONED IN THIS ARTICLE
Court of Common Pleas
Cincinnati
Cincinnati, Hamilton & Dayton
Kohn, Loeb & Co
New York
Dayton & Michigan
Ives
New York, Rutland
Commercial matters steady markets across commodities
Flour is firm and oats steady with oatmeal quiet. Corn and rye flour hold, malt and millfeed quiet. Butter, cheese, eggs, beans demand steady. Potatoes hay straw grass seeds tallow apples pork lard hams and fresh beef firm or steady. Raw and refined sugars quiet. molasses steady. Rand for truck.
Market Reports October 3 Flour and Grain
Flour and grain markets stay firm with steady quotations. Mills slow to supply as large backlogged orders delay shipments. corn remains firm with subdued trading. OCT. 3 closing bids show various prices for No 2 white oats and mixed grains. stock tables for Chicago and New York region detail wheat, corn, oats, rye, barley, and malt inventories.
MENTIONED IN THIS ARTICLE
Bush
Chicago
New York
Boston
Grand Junction
Hoosuac Tunnel
Eesses Eeeereeses
Fitchburg
Constitution Wharf
Minnesota
Michigan
Canada Superior
Canada
Fox
New Ne
Eastern
Wheat and rye production estimates for 1887 and comparisons
The Cincinnati Price Current analyzes 1887 world wheat output by region, showing European and other country totals, with 1886 and 1885 comparisons. It notes European wheat likely near last year’s level, while other nations including the U S and Canada may be about 5 percent below last year and 4 percent below average, with rye yield in major producers expected to drop from the average.
MENTIONED IN THIS ARTICLE
Cincinnati
United States
Canada
India
Australasia
Europe
Apple crop report shows sharply reduced yields nationwide
The September government review indicates a very short apple crop in most regions with only New England and New York showing possible medium crops before a further decline. States from Maine to Massachusetts vary, Atlantic and Gulf states suffer drought and rot, and Ohio westward reports are bleak though Michigan may near average for non-bearing years. Pacific coast condition remains comparatively high with a medium crop potential.
MENTIONED IN THIS ARTICLE
Pacific
New England
New York
Maine
Connecticut
Massachusetts
Atlantic
Gulf States
Ohio
Pacific Coast
Potato crop declines sharply in September report
The September crop report shows a nationwide decline for potatoes with the average condition at 67.8, down nearly 14 points since August. New England to Ohio report severe losses from moisture and rot, while some growers harvest early to salvage parts of the crop.
MENTIONED IN THIS ARTICLE
New England
Nort
Ohio
Maine
New York
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