Money Market in Boston: Rates Steady Amid Scarce Funds
The Boston money market stays firm with Clearing House loans at 6 to 7 percent. Time loans quoted 5 to 7 percent, call loans 5 to 7 percent. Exchanges rise, New York funds at 25 cents per $1000 discount. Government securities steady, spiking copper and rail stocks. A new note brokerage house, Stedman Steere & Wheeler, forms in Hartford and Boston.
MENTIONED IN THIS ARTICLE
Boston
New York
Chicago
St. Louis
San Francisco
New Orleans
Charleston
Savannah
Washington
London
New York Stock .Exchange
Berlin
Imperial Bank of Germany
Atchison, Chicago
Burlington & Quincy
Nion Pacific
New York & New England
H. 8. Stedman
E. Steere
H.3. Redfield
Hartford
Atchison
Mitchell Bros
Michigan
Grant Station
Atlantic & Pacific
Chicago, Burlington & Quincy
Denver
Colorado Midland
Sioux City & Northern Railroad Company
Union Pacific
Oregon Short Line
Utah Northern Ds
Mortgage Bonds and Stove Company Amalgamation Notice
The document announces bonds offered for subscription in Boston at par and in London at £205 per bond, with £10 shares in London at par and in Boston at $48.70. It lists trustees and stock-exchange affiliations across Boston, New York, Liverpool, Manchester, Glasgow, Edinburgh, and other cities. It details formation to amalgamate Magee Furnace Co and Smith & Anthony Stove Co, Boston Wakefield plants, their premises, plants, and wholesale networks, plus audited accounts by Hart, Btros., Tibbetts & Co. for 1887–1889 with profits in sterling terms.
MENTIONED IN THIS ARTICLE
Boston
London
Wakefield
New York
Chicago
Kansas City
Minneapolis
Grand Rapids
San Francisco
Hart Bros Amalgamation Plans Shaping Up In Boston Market
The deal outlines payments on mortgage debentures and preference shares, with 6 percent on 125000 pounds and 10,000 pounds per year for preference shares. It notes substantial cost savings, asset valuations, and a total property price of 275000 pounds. A Boston committee may oversee management for three years as assets are conveyed to an American corporation under a first mortgage to American Loan and Trust Co.
MENTIONED IN THIS ARTICLE
Stock Exchange
F. A. Magee
Albert N Parlin
Magee Furnace Co
E. W. Anthony
Smith & Anthony Stove Co
Asa P. Potter
Maverick National Bank
Boston
Messrs. James Allan, Sr., & Co
Vulcan
Victoria
Upper
Thames Street
Great Britain
American Loan & Trust Co
Massachusetts
Enver Water Co Bonds At Par Monthly Installment Offered
Uenver Water Co reports $1,500,000 in bonds sold to banks, insurers, and investors, now offering a $250,000 October installment at par and interest. Bonds issued monthly to fund new construction. Earnings estimates rise from $202,720 in year ending Oct 31, 1887 to $385,000 by Oct 31, 1890 with officers listed and projected returns. The company expects about 15 percent earnings this year and 10 percent payout on $1,501,000 capital stock.
MENTIONED IN THIS ARTICLE
May-Mazeppa
Erie Telephone Company
10 Percent Dividends Offered by Maine Company
Prospective stockholders are invited to purchase 450 shares of capital stock to receive 10 percent dividends payable twice yearly in January and July. Six full 5 percent dividends have been paid since 1887, with the seventh already earned. Applicants at once will receive the full 5 percent dividend in January. Full stockholders list and details available at the Portland Maine office or by inquiry.
MENTIONED IN THIS ARTICLE
Maine
Portland
Boston Stock Exchange Sales Report
Boston Stock Exchange reports no bond sales from BI during official period. Market activity shows limited trades with no large blocks. Officials note standard settlement timelines and routine clearing procedures.
MENTIONED IN THIS ARTICLE
Boston Stock Exchange
Electric Stocks Furnished by Prescott and Co
Furnished by F W Prescott & Co 54 Devonshire Street the listing notes multiple electric stock names including Eastern Electric Cable Company Gethins Electrical Manufacturing Company Union Electric Car Company Thomson-Houston Company and Thomson European Electric Welding Company with various figures and percentages indicating share values or splits. The text appears as fragmented OCR from a financial column showing stock names and implied quotes.
MENTIONED IN THIS ARTICLE
F. W. Prescott & Co
Devonshire Street
Eastern Electric Cable Company, Pfa
Gethins Electrical
Union Electric Car Company
Bie
Thomson-Houston Company
Thomson European Electric Welding Company
Wall Street Declines After Sharp Reading Union Pacific Raid
New York stocks weaken after a brisk late-day raid on Reading and Union Pacific, with Reading sliding to 37%4 and Union Pacific near 53, while Northern Pacific preferred. other rails like Burlington and North American lead the drop. Market ends weak at day’s lows as readjustments spread across coal and industrials.
MENTIONED IN THIS ARTICLE
New York
Prime Mercantile
Sterling Exchange
Reading
Union Pacific
Missouri Pacific
Northern Pacific Preferred
Burlington
North American
Lafternoon
St Paul
Lackawanna
Delaware & Hudson
Jersey Central
Northern Pacific
Atchison
New England
Texas Pacific
New York Stock Sales Oct 3 Transactions
Today's transactions aggregated 249,300 shares in New York stock sales. Investors traded a mix of blue chips and mid caps with notable activity in technology and financial sectors as markets moved on fresh earnings cues.
MENTIONED IN THIS ARTICLE
New York
London Markets and Bank Report Oct 3 Autumn Financial Notes
London financial news lists Consols at 9434 for money and 954 for the account, U S 4s at 12514, Atlantic and Great Western firsts at 35 8, Canadian Pacific 80%, Erie 247%, Mexican ordinary 61, St Paul Dominion 67 3, New York Central 10844, Pennsylvania 6334, Reading 205s. Money at 9 percent. Open market discount 5 percent. Paris advices show 3 percent rentes, 04 francs 97/2 centimes for the account. Imperial Bank of Germany reports a 50,427,000 marks decrease. Gold closed at a 145 percent premium.
MENTIONED IN THIS ARTICLE
London
United States
Canadian Pacific
Erie
St. Paul Dominion
New York Central
Pennsylvania
Reading
Paris
Berry
Imperial Bank of Germany
Enos Ayres
Am. Stove and Furnace Co Formed in London Boston Merger
The American Stove and Furnace Company combines Magee Furnace and Smith and Anthony Stove with £250,000 capital in English law, issuing £125,000 in preference shares and £125,000 debentures, totaling £375,000. Debentures run thirty years, redeemable after 1910 at 105. preference shares pay 8 percent dividend with surplus above 20 percent on common shares split. Anticipated net profits rise to about $185,029 in 1889, supporting debt and equity. subscriptions open Oct 4 in London Boston New York with trustees American Loan & Trust Company. New houses on Newbury Street appeal to young couples.
MENTIONED IN THIS ARTICLE
Pullman Palace
Wisconsin Central
New York & New England
Rhode Island & Massachusetts Railroad Company
Massachusetts Division
Franklin
Page James P. Ray
Joseph G. Ray
E. Ray
James F. Ray
Moses Farnum
George W. Wiggin
James P. Ray
Edgar K. Ray
J. G. Ray
Boston & Maine
Wilston
Eastern
Fitchburg
West End Street Railway
Anniston
West End
Waterover
England
France
London
Calumet & Hecla
Boston Stock Exchange
Iroquois Copper Company of
Michian
Kearsarge
Allonez
Allouez
Peninsula
Thorson-Houston
Fort Wayne
Westingbourge
Messrs
Hart Brothers
Piemetts & CO
American Loan and Trust Company
Simmons Building
Water Street
Reston
Plters
Schench
Broadway
New York
Thhe Company
UnitedKingdom
The
Stock Exchange
Boston
Ebvsieon
American Stove & Furnace Company
American Stove & Furnace Company (Limited
Magee Furnace Company
Smith & Anthony’s Stove Company
F. A. Magee
Albert N. Parlin
E. W. Anthony
Smith & Anthony Stove Company
Asa P. Potter
Maverick National Bank
United Kingdom
American Loan &Trust Company
Peters, Schenck & Co
Above Capital
American Loan & Trust Company
Also Mentioned on This Page
Massachusetts Real Estate Company
Advertiser Building
Limon
Tite
Mass
Petiis, Schenck & Co
Brokers
Brston
Anthony
Pany
Companies
Acts of Great
Ireland
Roger C. Richards
National Provincial Trustees and Assets Corporation, Limited
James Levesley
American Exploration and Development Corporation, Limited
Arthur Horne
Vulcan and Victoria
Upper Thames Street E. C
S&s
Augent Townshend
Hazelwood
Richmond
Surrey
U. S.A
Asa BP. Potter
Maverick National Bak
Smith and Anthony Stove Company
Bankers
City Bank, Limited
America
Houston
J.G. Hyde & Son
E.cc, and Stock Exchange
U.S.A
New York, and Stock Exchange
Chase & Barstow
Bbevonshire
Liverpool
Enry E. Rensburg & Co
Manchester
Pernest Power & Clegg, St. Anne’s Street and Stock Exchange
Glasgow
George Miller & Slimseqn
St. Vincent Place and
Edinburgh
J. D. Walker & Watson
South St
Andrew St. and Stock Exchange
Solicvpors
Dickinson & Howe
Equitable i
OLD Jewry
Union ST
Wakefiel
Magee
Chelsea
Smith & Anthony Stove
Messes. Hart Bhros
Tibbetts & Co., Chartered Accountants
Moorgate ST
Moorgate
American Stove and Furnace
Limited
Hart Bros., Tibbetts & CO
Springfield
Newton
Fail River
Malden
Lynn
Danbury
Cleveland
Brewster, Cobb & Estabroc
Congress Street
Uenver Water CO
City of
City of St. Paul
Cincinnati
Toledo
Town of
Winchester
Boston & Lowell
R.R
K.R
Concord
Montreal
Old Colony
Atkinson House Furnishing Company
J. W. Delaney
School Street
C.H. Venner & CO
Wall Street
Sioux City
F. W. Parker & CO
State ST
MAA W
Mazeppa
Bonanza
Colorado Filing Investment Co
Congress
James Gilfillan
U.S
Ts’ BO
Patna
Ae OL
Wits A., T
Inc i Isis
Boston United G Gas
Oseeeesserve
West Mich
K.C
Ft. 8
Gulf
K.C St. J
C. Bl. Ws
Zee
Alloucz Co Wisiecicess
Colestic
Ie Lee
A. T
A&m
Cheshire
Piss
Cies
HEX
Cone
GOS
Bell Tel
Pac
Neo
Mex
Do Ist Inc
Org
S. B
Utah
N . Bs
E. Wis
Anniston City Land
Atlantic
Bos
B. A&m
Eiuceeia Bis Eiacy
Ng C
O.S. le Veeseee
Fle
Crysth
Elec
Europ
Westinghouse Lec
Bales
Bos.t . Gas
Pi B. & Mo
Ll. G. Is
Wis
O & W. Mich
Lans
N. Cai
Elk. & M
K C
KC. Af
Eee
Ipea
L. C. Con
Oregon S. L
U.N. Giese
Rutland Gs
Were
Union Pacifie
Il Lhe Do
F. Ss
Wis. Con
Do Inc
Cess O
Ou Railroad Companies
Atch., Top. & S. F
Bo &N
Cleve
Canton
Flint
Maine Central
G. F. & Conway
Gyis
Summit
Oves Sessee Gly Woon
Wisconsin
Bollive Vies
Eastman
Phorstof Ile Os
Lamson Store Ser. Co
Suva Pullman Palace Car Co
Union Stock Yards
Cotton ON Trust
Luis
Aim
Pneumatic Tool Co
Bay State Gas
Brunswick
Fiurton
Chi
Boston & Liverpool Co
Tiindis Steel Co
Mt. Desert & East Shore
Nat
Tel. Mig. CO
Pyaehy Gs Creas
Ely Sugar Refineries Co
Thomson-thuston Elec
BOT, AO
Dpgl Es Vis
HY Thomson Elec
Westinghouse Elec. Co
Peewee Ewe Eee , Ood ” Winnisimmet Co
Wilson W. Fay & Co
State Street
Tallapoosa Land & Min
American
orb-Wayne Coal
East Tennessee
Vestitent
Loo
Colchis
Bonanza Dev
Cece Teveretewee
Don Enrique Min
Ciseu Cues Ees
Catalpa Mining
Mutual S. & M. Co
Quicksilver
Godig
Salon Bee
Sutter Creek
Ohio
Oregon
Vilage 2
Ing
Ing. Ing
Alt
T. H
Aly
Pacifie
Central Iowa
Central Pacific
Ches, & Ohio
den& H
de & L
den. & R. Cgreeee
Green Bay
Hocking Val
Tex
Lake Shore
Long Island Vo
Louis.& Nash
Louis
NaLaewee
Tees
Man
Elev
Ase M
Minow
I. St. L
Pacific
Rock Island
Steerer
I. Paul
Meissen
Southern Pac
Eeesee
Wees Sugar
Tenn. C. & I
Atk Dil Db & Ra. & Trans
LSS
Saecs
Rg. Gi. M
Gila IBM Erie 2d
W.& den
Lowa U
T.g
St. P
P. X& Er
Tex VP. L. Ge. NagYas C. & St. Tr
U. Pae
W. Shore
Los Vie Ek
U. N
Atlantic Uel Reee
Ai Col Coal
Cee
Crown Point
Holmestake
Huron
Anoucz
Ccnveeeeerescs
Arnold Ee
Sen
Ironton
Napa
Osceola
Ventiac
Elie
Scienee
Lt Ridge
Ios
Boylaton Streeh
Brookline
Campobello
Cutie Ee
Itay
Winter Harbor
Wellaston
At. & Pac
Bos & Mong
Title Insurance
W. Prescott
Bankers and Brokers
Devonshire St
Philadelphia
Lawrereace S. Mott & CO
York National Bank of
Saco
Saco National Bank
Lawrence National Bank
Naumkeag National Bank of Salem
Holyoke National Bank
Blue Hill National Bank of Milton
Or National Bank
Clewrence National Bank
Naum
NEW York Financial
California
Clas
Yelcher
North Belle Is
Lodie
Ophir
Potosi
Savage
Newbury Street
West Chester Park
Charlesgate
New Park