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Newspaper

Boston Post

Location

Boston, Massachusetts, United States of America

Date

Oct 25, 1888

Page

6

Money Market and Stock Exchange Report of Oct 24

The Boston money market shows no changes with abundant loanable funds and scarce desirable paper. Time loans 4 to 6 percent, call loans 3 to 4 percent. New York funds 10.12% discount. exchanges up vs last year. government securities firm. bond offerings totaling 854,100 with multiple 4s and 4% bonds priced mainly between 108 and 150. The local stock market dull. Atchison, Union Pacific, and California Southern noted with mixed moves. railroad earnings and corporate dividends discussed amid a broad market snapshot.

Boston New York Chicago St. Louis San Francisco Telegraph New Orleans Charleston Savannah Reichsmarks Atchison Evans California Southern East California Southern Railroad Atchison System Oregon Improvement Company California Southern Railroad Company Chicago, Burlington & Quincy George M. Daniels Central Traffic Association Union Pacific Adams William H. Holcomb Colgate Hoyt Holcomb Thomas J. Potter Union Pacific System Omaha T. L. Kimball St. Joseph & Grand Island Utah Roads Oregon Railway and Navigation Company Oregon Railway and Mexican Central Oregon Flint & Pere Marquette Cleveland & Canton Louis

Auction Sales at Williams & Co. Stocks and Bonds

Williams & Co list of auction items includes 250 A C M Co shares and 20 Reece Button Hole Co among many others from Concord RR to Boston & Maine RR. Also notes bonds and mining stocks with closing prices and by-order notices from executors and assignees.

Can M. Co Continental Nat. Bank Douglas Axe Mig. Co Boston Marine Ins Reece Button Hole M, Co Arkansas Val. Town and Land Co Boylston Nat. Bank McKay Metallic Assn Concord RR First Ward Blackstone Nat. Bank First Natl. Bank Hyannis Mass Lowell Laconia Mfg. Co Russell Mills Plymouth Do Northern RR N. Gi Cheshire RR de Simonds Rolling Machine Co McKay & Bigelow H. M. Asso Dig Dorchester Gas L. Co. Co Wwek An. So N.W Isis W- St. Il St. P Poe C. & P. Erie Sc. P. Cc D. D Union Tex. P. RB. G. N MG K Tex. P. L Licenuses Ees J. C. Int Shore Wells Fargo di Tr N. Pac. iIsts Ae Pac Adams Amador Ap Ontario Soa Belcher Bodie Quicksilver Col. Chis Vret Gol. Coal Savage Gen. C.& Va Silver King Hock. Coal Tenn. C Homestake N. Belle Isle the Union Con United Copp Missisquoi Valley Newing Mort. Sec. Co Vt. & Mass. RR Merrimac Mfg. Co

Boston & Albany Semi annual Report Details 1888 Rail Earnings

The Boston and Albany annual report for the year ending Sept 30 1888 shows earnings contrasts with 1887, noting reduced western freight rates and light tonnage. It reports passenger and freight totals, increased expenses due to a severe winter and high taxes, and a large surplus. The balance sheet lists assets totaling 33 million and liabilities of equal scale, with significant bond and dividend figures and notes on through traffic challenges.

Boston & Albany Massachusetts New York Hudson River Trustees’ Improvement Fund Springfield & Northeastern Railroad Commonwealth of Massachusetts Newton Highlands Riverside Ware River North Brookfield

Union Pacific directors unveil six month operations report

The Union Pacific board released a six month performance summary ending June 30, 1888, comparing earnings to 1887. Net earnings rose to 4 145 582 with total net after expenses and taxes of 4 145 582, while gross earnings stood at 13 021 892 and other income reached 855 666. The report notes debt reductions, new equipment orders, a completed extension to Colby, and a substantial surplus reinvested into property.

Union Pacific Comony U.S Salina Utah & Northern Road United States Omaha Kansas Pacific Railroad Company

Dividends Declared by Several Railroads and Telco

The New England Telephone and Telegraph Company declares a 75 cent per share dividend while The Southern New England Telephone Company omits its quarterly payout. East Tennessee Virginia & Georgia Railroad declares a 5 percent dividend on first preferred stock payable December 1 with books closing October 25. Boston and Maine Railroad announces a dividend of 4 dollars per share payable November 15, 1888.

Boston & Maine Eastern Boston the & Maine Oday Maine Boston & Indication Eastern Common Fitchburg Preferred Central Massachusetts Vermont Bell Telephone New England New England Telephone and Telegraph Company Southern New England Telephone Company East Tennessee, Virginia & Georgia Railroad Boston & Maine Railroad

New York Financial Roundup on Oct 24 Market Movements

Money on call eased with last loan at 1 percent and prices closing slightly higher. Sterling exchange dull at 4.84 bid sixty days and 4.87 demand, government bonds steady, rail bonds quiet. Stock market small after noon with Reading, Erie, Norfolk & Western pref prominent. Norfolk & Western pref fell then recovered. Richmond & West Point pref rose 1 percent. Overall close steady to firm, volume $996,000. notable gain in San Antonio & Arkansas Passes of 1886 and mixed advances across others.

New York Prime Mercantile Reading Erie Norfolk & Western Richmond & West Point Lst Missouri Pacific Terminal Bee Lackawanna Eric San Antonio Chesapeake & Ohio Denver & South Park Metropolitan St. Charles Bridge Long Island Milwaukee, Lake Shore & Western Union Pacific Richmond & Alleghany Minnesota Southern Chicago Milwaukee St Louis Uluth Toledo Baltimore Philadelphia Detroit Ellow Newark Peoria Polsdcipnia Wescorn Ettec Graham Canada Michigan Bush Choice

Foreign Markets Report From London and Paris

London notes Consols at 97 9/16 for money and 97 3/4 for account. Canadian Pacific 57 1/2, Erie 29 5/8, Erie seconds 1 3/4, Mexican ordinary 48 5/8, St. Paul common 67 3/4, New York Central 111, Pennsylvania new 278, Reading 68 1/8, Mexican Central firsts 68. Paris quotes 3 per cent rente at 82 francs 80 centimes on account.

Central Iowa Central Pacific Oeer Che Ohio Chi Alton Del Erie Fort T Wayne Hocking Val Jioust Texas ML Central Ener Lewes Nor Northwess N.Y Sal & St. A Miss West Cs.e Oregon Naavey A & Mae Pittaburg GG Ag Pol Fk Sss St. P Goo Tex. Pac Tol & O. C U. Pacific Uica & B. RK Lve iv W Aeee . Wel Tee London Canadian Pacific St. Paul New York Central Pennsylvania New Reading Paris

1888 Financials Show Surplus and Debt Reduction

Total earnings 29 029 453 80. expenses and taxes 17 869 617 25. surplus 11 159 836 55. Total income 12 259 482 65. surplus income 3 535 579 88. Funded debt reduced since June 30, 1884 from 165 446 6388 82 to 148 626 159 66. mileage up from 4419.8 to 4764.9. Debt per mile 31 191 87 versus 35 170 51 last year. Winnipeg judge dissolves restraining order vs Canadian Pacific crossing Red Valley line. East Tennessee lease validity challenged by Georgia and Tennessee suits, possibly aiding Norfolk & Western.

CITY HORSE MARKET REPORTS STEADY DEMAND AND MODEST PRICES

Survey of stables shows stable demand with moderate prices across grades. Auctions in Isburgh & Co Bowler Walker Moses Colman X Son Combination Russell Welch Hall and International Horseexchange reveal many sales at $40 to $300 per head with notable asks for sleighing street car and family driving horses. Prices largely steady with some higher shows for better quality and speed horses.

Isburgh & Co Bowler’s Walker's Bazaar Cope Moses Colman X Son Russell Welch & Hall C H & E Snow

Grain Markets See Wheat Firmness Amid Bearish Talk

Chicago wheat opened strong and stayed firm to close as traders debate supply and demand. Hutchinson acted as a heavy seller, citing a dull flour trade, while Ream remained bullish. Corn opened weak on high available supplies but steadied after selling pressure. receipts stay plentiful and prices stay high enough to discourage further selling.

Farnum, Reardon & Co Chicago Hutchinson Ream Cudahy

Wool Sales At Antwerp Show Brisk Demand

Antwerp wool sales report brisk demand with Australian lots fetching full prices versus London sale figures. River Plate stable, 2800 bales offered. Sales included 777 Buenos Ayres at 60 190 francs per 100 kilos, 590 Montevideo at 90 205 francs, 409 New South Wales greasy at 135 240 francs, 666 Victorian greasy at 148 220 francs, and 83 Cape of Good Hope and Natal at 140 480 francs.

Antwerp River Plate London Buenos Cape of Good Hope Natal

Boston market flour and grain prices October 24

Boston markets list domestic flour and grain prices with firmer tone amid wheat advance. Quotations cover fine to extra patents, Minnesota and Michigan grades, spring and winter patents, export canadas, and fob prices. Receipts show 20 607 packages with exports of 2989 barrels and related totals.

Minnesota Michigan Canada Superior Canada New York City Mills City Mall

Wheat and flour prices drift amid weak Chicago market

Wheat and flour markets show lifeless, mixed activity across cities. Prices for Minnesota and Milwaukee wheats slide while rye and corn hold steady or ease. receipts and shipments rise in Chicago and Milwaukee as demand remains limited at nominal levels.

Market Report Shows Stable Butter and Produce Prices

Butter and markets unchanged. Western creameries quote 26 27c, Vermont extra creamery 27 28c, Eastern creamery 26c, jobbing prices slightly higher. Eggs firm with Eastern extra 24c, fancy stock 21 22c, Vermont 23c. Beans steady with multiple regional quotations and jobbing adjustments. Potatoes unchanged with Houlton and Aroostook listings in the mid 50s to 60¢ per bush.

Vermont Chicago New York Liverpool North Choice New Hampshire Nova Scotia New Brunswick Michigan Island Canada York State California West Houlton Hebrons Houlton Rose Aroostook _Hepbrons Aroostook Rose

Also Mentioned on This Page

Lamson West End Frenchman’s Bay Maverick Calumet & Hecla Tamarack Quincy Osceola Kearsarge National Yiase Foote & French Rly & Nav. Co. Con M’ge St. Jon. & Gr Congress Street Williams & CO Boston Stock Exchange Os N. Bk Columbian Kath. Bank N. Union BK Amory Mig Dwight M Sige Do Amoskestg. Co Do Amory Atlantic Lake “Mills Hamilton Woollen Mills Pacific Mills York Mie. Co Chicopeeae Co Fitchburg St. Ry. Co Kansas City Busell Trimmer Co Mass. Mutual Ins. Co American Fire and Marine Ins. Co Oakland Garden Assn McKkay Met McKay & Bigelow Heeiie Saginaw Valley & St. Louis RR Franklin Coseeeereseers A Huron Lonton Kearsa Ty Nationa Ava Pewadic Esceaseeers Brookline Campobello French Bay iLté Lamoine Payson Wollaston At. & Xe L. G Aevel Kan Rt J. &C Pa & St. L Im. Gs Central S. P Pueb. & A. V Rutland Do Tex Do Inc Sonora OBA Atch Atlantic & Pac Weaeee Boston & Lowell Boston & Prov Cal. Southern Ener Pak Central of Mass Cleve U ‘Anton Nad Flint & P.M Seoer Ann K L. R Norther Tees West Ind Wis Central Ee Eovesesees E Telephones Am. Bell Ess Fastman Brokers’ Board Lamson Store Ser. Co Hagaes Pullman Palace Ea Mining AD Stock Exchange Am Bell Tel FIS & Mem Bonanza St. Mary Breece Seeree Bruns South Side Bell Tel Aeee Crescent Li Winthrop Tins Lamson SS Ease Burton Eereee Everett San Diego Land West End Land Mesnard Nat Allouez St.ind Emer Nnemineet Kearsarge Vin B&q Cin, San & Cleve Canton Passumpsic GODLO Fitchbur Pfa Flint Mar Old Colony Etree Wkom Fe Col Trust Ae Atlantic & Paci E Inc el Am Southern Kan Bell Tell Maverick Land West Iyland Boa & Mont Kearsargé Wee T & sFe Atlantic & Pacific Boston & Main B& Ce Oston Stock Exchange Arnold Atlantic Bonanza Devel’t Ae . Ly B. & Mont Blackstone Bank Eaee Bank of Redemption Erste Ae Freemas Bank Second Bank Union Bank Shoe and Leather Bank Suffolk Bank Third Bank Traders’ Bank Eee Merchants’ Bank Columbian Bank Cota Old Boston Bank Amory Manuf, Co Lowell Manuf Dwight Manuf Tremont Suffolk Mills Hamilton Manuf Appleton Manuf Naumkeag Steam Cot Mills York Manuf, Co Middlesex Mills Manchester Mills Riley Wainwright Manuf Ees Laconia Manuf. Co Bates Manuf. Co Pepperell Manuf Fitch Eonee Whee Boston Athenmour Chelsea Gas Co Heehee Lombard Investment Co American Waltham Watch Co Cincinnati Missouri RR Omaah Southwestern RR Connecticut & Pasumpsic City St. Do Bluffs Bell Telephone Co Aekee Spring. & Cin Boston, Concord & Mont Androscoggin & Ken Chillicoth Brunswick & & Southw Kuiland Ty New Eng. Mort. Securion, Peeveeer Uv South Boston RR Railroad Matters Kings Lou Man Erat Rome Rena NEW York Financial Foreign Financial Markets Winnipeg Taylor Red Valley Railroad East Tennessee Company Georgia Tennessee East Tennessee Richmond Danville Thomas East Tennessee Road Norfolk & Western Road City Horse Market Boston Markets
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