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This newspaper page contains 11 articles. Subscribers can read the full text of each article.

Newspaper

Boston Post

Location

Boston, Massachusetts, United States of America

Date

Sep 09, 1889

Page

6

Money Market Quiet as Clearing House Demand Rises

The Boston money market ends the week quiet and easy with stronger funds demand at the Clearing House while time loans hold 4 to 6 percent and collateral loans 3 to 4 percent. New York Clearing House balances stood at 2.44 1/2 percent, with exchange figures and bank reserves showing notable weekly shifts. The local stock market remained active, led by Atchison and West End, as reports of potential consolidations and debt actions circulated amid broader railroad and finance news.

Boston Clearing House New York New York Clearing House Sulaness SLOSS Chicago St. Louis San Francisco Telegraph New Orleans Charleston Savannah Boston Post United States Canada New York City Reichsmarks Sioux City Union Pacific Pacific Ogden Shore Line

North American Railway Investors Union urged to replace Gentlemen's Association

Chicago dispatch outlines John S. McCook's plan to disband the Gentlemen's Association and form a proprietary North American Railway Investors' Union of shareholders. It envisions cross border ownership, rate stability, and reduced competition, while warning of ongoing railroading disputes as lines seek better returns for passengers and investors.

Chicago John S. McCook Bankers New York Gentlemen’s Association Drexel, Morgan & Co Brown Bros. & Co Kidder, Peabody & Co Bankers’ Triangle Interstate Commerce Railway Association North American Railway Investors’ Union McCook Burlington & Northern Western Railroad Mr. McCook United States Supreme Court Buffalo Pittsburg Ohio River Union Michigan Central Lake Shore New York Central Fort Wayne Panhandle Pennsylvania Railroad Company

Stock and money market gains on a busy Saturday

New York reports money on call easy at 3.3 to 8 percent with steady rates across bills and accepts. Sterling and government bonds hold firm as rails stocks rally late the day. Strong close driven by bank reserves and major gains in St Paul South Minnesota and Reading third incomes amid broad market strength.

New York Prime Mercantile Sterling Exchange Delaware & Hudson Tennessee St. Louis St. Paul South Minnesota Hocking Valley Big Sandy Northwestern

New York Stock Sales Sept 7 Daily Share Totals

New York stock sales report shows total 154,500 shares traded. The list details each issue with opening price high and low for the day and the closing price, compared with yesterday's close.

New York

Foreign Financial Reports from London Market Figures

London market reports show Atlantic and Great Western firsts at 83 4, second 6, St Paul 76, Canadian Pacific 67 44, Erie 106, Mexican ordinary 56 46, Pennsylvania 55 42, Reading 24 4. Money at 2 2. Rate of discount for bills 3 7 16 percent. Paris advises 3 percent rentes at 86 francs 20 centimes.

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Business Troubles and Insolvencies Hit Multiple Firms

creditors of James H Little cigar manufacturer met to review his affairs and accepted his offer of 25 cents for settlement. Insolvencies reported include William P Hunt president of South Boston Iron Works, Mt Tom Elastic Fabric Co in East Hampton, and L W Faxon of Brookline. Louisville Polishing and Plate Works assigned. Broomall and Troudle boot dealers face sheriff sale and attachments. Mattingly & Sons distillers seek time. Assets and liabilities cited for several firms.

James H. Little Cambridge Street Sterns & Butler Washington Street T. W. Hall Mr. Little Hall Little William P. Hunt Savin Hill Avenue South Boston Iron Company Pittsburg Penn L. W. Faxon Brookline J. G. Mattingly & Sons Distillers Louisville

Thayer's Six Day Running Race Meeting Opens at Point of Pines

Thayer's six day running race meeting at the Point of Pines begins today with three races totaling fifty entries. The first event has twenty seven runners, the second ten, and the third thirteen. Extensive track arrangements and spectator viewing options are planned. Baldwin's Cadet Band plays day and night, and the fireworks drama The Apaches runs nightly during race week. Hotel Pines stays open through next Sunday the 16th.

Thayer Point of Pines Baldwin

Rugs In Large Sizes Arrive At John H Pray Sons Co

A selection of Persian Indian and Turkish rugs in extra large sizes has been received by John H Pray Sons Co. The acquisition expands stock for customers seeking oversized floor coverings from renowned rug origins.

John H. Pray, Sons & Co

Fall River Print Cloths Weekly Production and Sales

Fall River reports weekly print cloth activity with production at 145000 pieces and deliveries 122000. Sales reach 119000 with 23000 spots and 96000 futures. prices around 344 cents for 60x56s. Providence notes a dull market with 3% to 4% declines for 64 squares and 344 cents for 56x60s, week quiet with only 800 pieces 64x64s sold. Stocks total 177000 pieces 64s and 15000 pieces 56x60s.

Fall River Providence R I

Wheat market weak as supplies loom and futures drift

The Option Markets report a weak wheat scene with good receipts and fine weather weighing on cables, while a large drop in visible supply is expected due to irregular wheat in private warehouses. Corn and oats also eased with reduced support, and pork and ribs saw limited strength amid overall weakness.

Chicago Farnum, Reardon & Co Boston Minneapolis Hutchinson Sapticc Noweiss DAR Wses « &Oo

Metal Trade Shows Strong Demand for Iron and Steel

The article notes a vigorous demand for crude iron and steel and all manufactured iron. Prices are rising, with manufacturers eager to secure raw iron to cover work in hand. The buoyant market and well-maintained prices persist despite huge production levels.

Also Mentioned on This Page

Atchison Plains Trust Southern Kansas Gulf Division Chicago, Kansas & Western Sonora Messrs. Kidder, Peabody & Co Manuel Atchison Proper St. Joseph Kansas & Western New Mexico Arizona Anasonona Sr Coresee Kansas City Colorado Gulf, Colorado & Santa Fe St.l K.C Col Gulf Southern Evans Engineering and Mining Journal Europe Rothschilds Lake Copper City of Worcester Blake Brothers & C9 State Street Nassau Street Foote & French Congress Street Boston Stock Exchange Ts’ BO Iveliant Fn T Ast Cmesub C. A. Parker Topeka Herald Wall Street Atlantic & Pacific Capulpa Indian Territory Albuquerque N. M Chicago, Burlington & Northern Mexican Central New England Eastern Albany Cincinnati Bell Telephone Company Bell Company Auburn Clifton Carthage Iverydale Miscellaneous Stock Exchange Wilson W. Fay & Co Enrique Mt. Desert Philadelphia Chicago L St Louis Serae Baltimore Milwaukee Detroit Cleveland Denver Dew Haven Eartford Peoria Galveston Fort Worth Duluth Memphis Springfield Portland Wichita Syracuse Grand Rapids Lowell Des Moines Norfolk Los Angeles Yortland Can N. Y Francisco Ivy D. Ol Duttsburgg Trenver Omaha Richmond New Laven Hartford Dallas T. L Reprre Essil Portland,Or Birmingham Montreal Halifax N.S Lou Weee Omy San Fran Enver Columbus Indianapolis New Haven Huartford Wichita Wees Gr'd Rapids Eeee Ae St Ene Arnold Reese Bonanza Devel Ee & Mont Sees Putte al W& Hecla Crescent Ataipa Ceereses Central Eee Dorerueliy Franklin A. Tae Huron Fronton Blag National Osecola Sewer Quincey Santa Fe Tamarack Aspinwall Boouudays S.c'cos Ioston Boylston Street Campobello Wayson Ask Ae At. & Pac. Lst L. G Seccnacrees Railroad Matters Augusta Boston & Maine Railroad Sewall Portland & Rochester Kimball Baker Edwards Knox & Lincoln Spear New Brunswick Railway Company Grand Trunk Bridgton & Saco River Sandy River Railroad Company Dunbar Rumford Falls & Buckfield Baker and Johnson Hartworp Conn Charles P. Clark New York, New Haven & Hartford Road Clark Kennebunkport Old Colony Denver & Rio Grande Railroad Ceeeee Oregon Railway & Navigation Company Fitchburg Railroad Company Hoosac Saratoga Palace Johnsonville St. Pau Northern Pacific Railroad Mountains Northwest Territory Regina Prince Albert Saskatchewan Northern Pacific Long Lake CORR Edmonton Yellow Head Pass Rocky Mountains Vancouver Yellow Head Rocky Mountain England NEW York Financial C.c.c Eeuscsees Central Pacific Ches Ohio Alton Cyb California Hest Pelcher Otosi Serra Nevada Tu Sie Commonwealth Gould & Curry Utah Kale & Norcross J. H. Little Western Farm Hortgage Trust Company Rialto Devonshire St Postoffice F. B. Rogers THE Eastern Banking CO Milk Street Francis A. Osborn T. Merrihew Duen John Jeffries & Sons Devonshire Street J. E. Carter & CO Bankers & Commission Washington SI Kacee Northern St Louis Oass
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