Money Market Tightens as Clearing House Funds Dwindle
The Boston money market opens firm with funds largely used at the Clearing House. Loans at 6 percent, one at 5 percent, with general market rates 4.5 to 7 percent. New York funds show premiums, and sub-treasury in deficit at the New York Clearing House. Bank reserves rise, deposits gain, and overall surplus expands to 672,914. Bond activity includes 4%62s and 4% bonds. silver and foreign exchange move with mixed results.
Bond Debentures Authorized to Support Working Capital
The company approves issuing five million dollars in ten year debenture bonds at eight percent interest to fund temporary loans and provide fixed working capital. Proceeds plus existing resources aim to secure future growth with the reserved preferred stock expected to retire the debentures. directors to join after allotment.
MENTIONED IN THIS ARTICLE
Broadway
New York
American Cotton Oil Company
E. Urquhart
K. F. Munro
New Jersey
United States of America
United States
Incorporated
Isve
American Cotton Oil Trust
G. &. Ellis
Central Trust Company
Messrs. Bristow
Poet & Opdyke
Messrs
Olin
Rives and Montgomery
Baptist Sunday School Meeting Honors Dr. E. M. White
Tremont Temple chapel hosts first season meeting with memorials to Dr. E. M. White and resolutions by C. C. Barry praising his integrity. Charles Kt. Adams reports on the outlook committee as the group discusses increasing attendance. Also notes the school reopens and notes about Harold and Phil clothing needs.
MENTIONED IN THIS ARTICLE
Baptist Sunday
Tremont Temple
E. M. White
C. c. Barry
Outlook Committee
Charles Kt. Adams
Messrs
Seth Sears
O. M. Wentwort
Henry Dunning
Market news and stock rundown in New York
New York discount and exchange figures show money on call 3 to 10 with last loan at 3 and close 3. Prime mercantile paper 7.49 nominal. Bar silver 116.5. Sterling exchange quiet and weak with 60 day bills at 4.82 and demand 4.85. Government bonds dull and steady. railroad bonds dull and heavy. After 1 p.m. market pressure increased with broad weakness led by Chicago Gas Lackawanna and Union Pacific as prominent decliners.
MENTIONED IN THIS ARTICLE
Chicago, Burlington & Quincy
Boston
New York
Wall Street
Chicago, Burlington Quincy
Atlantic & Pacific
Mexican Central
Mexican Central Railway
London
Pacific
Chicago & West Michigan
Detroit, Lansing & Northern
Boston & Maine
Boston & Lowell
Central Massachusetts
Edison Doll
West End Lane
Boston Land
Aspinwall
Irenchman’s
G. M
England
France
D. L. Demnior
Pewabic
Alionez
Atlantic
Boston & Montana
Butte & Boston
Calumet & Hecla
Centennial
Franklin
May-Mazeppa Mining Company
Tropical American Telephone Company
Senate
W. P. Rice
Fort Payne
Ala
American Cotton Oil Company
Messrs. Winslow, Lauier, & Co
J. Kennedy Tod &Co
Edward D. Adams
John H. Inman
Emanuel Lehman
George Austin Morrison
N. K
Lincoln
Wilson
South
Fairbank
Morrison
Hobart
New Jersey
Adams
Winslow, Lanier & Co
Messrs. Morrison and Lehman
Europe
Amsterdam
Burlington
Rock Island
Burlington & Quincey
Treasury Department
Chicago Gas
Union Pacific
Washington
Colorado Midland
Prime Mercantile
Sterling Exchange
Lackawanna
London stocks and rates report noting mixed Consols and key pounds
London at noon reports Consols at 95 1 16 for money and 98 or the account. Canadian Pacific 86 14, Erie 26 3 4, Illinois Central 110 , Reading 21 4, St Paul 7 25, Mexican Central 48 7 8. Money rate 3 percent, open market discount 3 8 3 4 percent. Bar silver 63 58.
MENTIONED IN THIS ARTICLE
AIRY
Aists
Cen
Linn
Tals
BEY Slg
G. M
SlYp Erie
Ist
Pfd. Inc
FLW
Den
Lowa U
Sts Bo
L. & S. F. Anaites
C. Ae
Bt Union
NJ. CO. T
Tex
L. G. Ee Atest
Tex. I. Re
N. W
U. Pae
Sts
Loy
Ios
W. Shore
U.N
BBC US
Nevada
Mutual 8
M. Co
Eureka
Kncking Coal
Hormestake , Hiale & Nore
Hutte & Boston
Catalpa
Avie Centennial
DANA
Franklin
Hanover
Humboldt
Huron
Konton
Kearsarge
Mesnard
Napa
National
Esseeaers
Osceola
Pontiac
Quincy
Ridge
Santa Fe
Sane
Tamarack
Washington
Seer
Land Companies
Anniston City
Aspinwall
Boothbay
Boston
Aly
Alniston W
Penobscot
Petit Menan
San Diego
New York
Sullivan
Swanpscott
Winter Harbor
Winthrop
Wollaston
Atchison
T. H
Inort
C. A St
At. & Pac
Lalo Saeee
Bos
Mont
Central Iowa
Central Pacific
Ches
Ohio
Chi
Alton
L. G
Oz A.b
St. le & Peewee
del. & H
St. P
del. & L
de Wis
W. Mich. Ds
East Tenn
Lans
MAK
Me V. Vsti Ga
Erie
CL & Sp
Central
K.C
Oye Kan
Iy Ilu Kings
Pem
le L
St. L. Im
Ole Ors
Long Island
Do 2d Inc
Caweee
Louis. & Nash
Ing. Tel
Louis
N. A
la Se
Ile
P. D'O
Loul Mina
St. la See
L. C. Con
Vt Mo. Pacific
Tole
Oregon S
N.Y. N. He
O.S. la
U.N. OB
Lillis Nash
Chaisseris
Rutland
J. Cent
St. Do
Union Pacific
Nor. L’acutic
Northwestern
N.Y. Cent
Top. &S
Onio & Miss
Boston & Maine
Dee Soo
West
Oston & Providence
Oregon
Ry Central of Mass
Oregon Trang
Wee
al Cheshire
C. & W. Mich
Ware
Golf
Sp. & Cin
Coun
St. Paul
Neve
Eeesee
O. Sane
Os Fitchburg
Flint & V. M
Texas Pacific
K. U
Cl. Tol
O. Cres
K.-C
K. C
L. E
St. le
Maine Central
Mexican Central
Brunswick
Saco & Ports
G. I
Gon
Ak Nya Chi
Gas
Soo
Latah
Illinois Coal
South
Cal
Summit
Seersee
US Pac
Pal
Ee Bole
RBM
Wisconsin Cent
Stile Uo Wc
Sae
Yenn. C. & L
Nash. & Koch
Seas
Ee W. Union
Bo & Q
Bell
Kk. C
L. Coe
S. L
Bell Tel
Erle Tel
Eastman Car Heater
Aspinwall Land
Eeee
Boston W
Phan
Toy Mig
His
Lamson Store Ser. CO
Frenchman's Bay
Pat
Sta
Pidman Pa # Car CO
Allouez Min
Union Stock Yards
B. & Mont
Butte & Loston
Cal, & Hees
Pneumate Tool Co
Bay State Gas
Brounwick
A.,t
Lurton
E Chi, Boston & Liverpool Co
Teeee Ooo
Ae Baron el
New York Despatch Co
Fitchburg
National Lead Trust
N.Y
N.E
Tel. Mig. Co
Seers
Peeve Xee
Eec
B&q
Ene Eevere
Enee Setee Fo
Sugar Refineries Co
Thomson-Houston
Ao Trust
Thomson Elec
Westinghouse Elec. Co
Our Old Colony
Winnisimmet Co
T&s
Won
Ly Ain
Hell Tel
Kadison
Toy Co
Boston Land
West End
Aloubz
Atlantic
Dalvie J. & Mont
Bing Butte
el Low, Cal, & Mec
Lunkin
Ee Franklin
Huaron
Tig Kearsarge
Oscoomn
Powabic
Santa le
Bao Bi Lee
Tamarac
Fk Beeen Eneene
al Sr
Fitebburg
N. Y
Fort Wayne
London
Canadian Pacific
Illinois Central
Pennsylvania
Reading
Market Summary of Leading Markets and Dry Goods Trade
The report shows mixed commodity activity with dry goods demand strong in August and September. Wool, cotton, and exports remain steady or firmer while staple foods and poultry are varied, with prices mostly stable and jobbers and agents busy replenishing stocks amid improved trade outlook and limited speculation.
MENTIONED IN THIS ARTICLE
California
New York Journal of Commerce
Chicago
St. Louis
Galveston
New Orleans
Messrs Buss
Fabyan & Co
Otis
The Cotton Trade Week in Review
The cotton market saw easier future prices and strong spot activity amid favorable weather and rapid picking. Reports from abroad were unfavorable and Southern port receipts rose, with middling prices around 10 13 16 cents per pound. Week ending Sept 5 receipts reached 2,580 bales at the ports, up from prior weeks, totaling 78,860 bales since Sept 1, 1890.
MENTIONED IN THIS ARTICLE
Uplands
Gulf
The Wool Trade Steady With Cautious Purchases Across Regions
A steady demand persists for wool with large lines moved at low prices as manufacturers cover immediate needs. Ohio and Pennsylvania wools hold around 30 to 36 cents, Michigan ranges 23 to 29 cents, and territory wools show mixed prices with best fine around 60 cents. Oregon California and Lexis wools remain quiet but steady. pulled wool maintains prior prices. foreign wools show dull import prospects.
MENTIONED IN THIS ARTICLE
Ohio
Pennsylvania
Michigan
Oregon
California
Lexus
Also Mentioned on This Page
Clearing House
Sub
New York Clearing House
Inc
Caule Wansfers
Frances
Sient
Reichsmarks
Atchigon
Atchison, Topeka & Santa FE
Lsnu
Mileare
Bince Jau
San Francisco
Bineage
State Street
Fiske
Brockton Street
R. R. Bonds
Maverick National Bank Cor. Water and
Congress Streets
Colorado Mining Investment CO
Congress ST
James Gilfillan
Treas
U. S
May-Mazeppa
F. W. Prescott & Co, Bankers and Brokers
Devonshire St
Philadelphia
Reaton
New England
Lawrence S. Mott & CO
Broadway, N
Chauncy Hall School
Boylston &J
Copley Square
Office OF the American Oil CO
Messrs, Winslow, Lanier & Co
J, Kennedy Tod & CO
Anglo-American Degenture Corporation, Limuled
HW. Pyens & Zanen
Office of the
American Cotton Oil Co
J. Kennedy Too & CO
Lene Cash
Ite Capital
RF. Mesxro
Er.t. Wilson
Messrs. Winslow
Anglo-American Debenture Corporation, Limited
Messrs. MH. Pyens & Zanen
Amesterdam
The
Centrale Trust Company
F. FP. Olcott
American Cotton Oil Trust Reorganization Committee
F. P. Olcott
Boston Stock Exchange
Brokers’ Board
Miscellaneous Stock Exchange
Wilson W. Fay & Co
Hoo
McKay Metallic
Maison Hon. Toys
Vallanoosa Lauda Mining
Fort Payne Coal & Tron
Irberol
KP. W. Preset & Co
Devonshire Street
Eastern Electric Cable Company
Pide
Gething Electrical Mfg
Union Electric Car Company
Whomson-Houston
Sss Eee
Thoemaon European Electric Welding
Eve Sees
Cerssee Ord
Nowber
Bid
Anonge
Ccccseeeezeceess
Arnold
Sees DB
MOM
Eee
Eee Ewer
Baptist Sunday Schools
Harold
Phil
Bob
A. Shuman & Co
Shuman & Co
NEW York Financial
Cassimeres
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