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