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Newspaper

Boston Post

Location

Boston, Massachusetts, United States of America

Date

Sep 12, 1889

Page

6

Money market steady amid dull general business in Boston

Boston money market shows loans at 3 percent at Clearing House with lenders cautious due to weak activity. New York funds and exchange rates hold steady while government securities and foreign exchange move little. Markets in Atchison and Gulf, Colorado & Santa Fe show gains. railway and mining stocks fluctuate, with Atchison strong on buyout rumors and West End stock movements drawing attention.

Boston Clearing House New York New York Clearing House Messrs. Woodbury Moulton & Stearns Springfield Westfield Mass New Bedford Savings Bank New Bedford A Kean & Co New York City Kidder, Peabody & Co Adams, Blodget & Co Blake Bros. & Co GC. H. Venner & Co Brewster, Cobb & Estabrook William C. Simons Woodbury Sprinfield Exchange Chicago St. Louis San Francisco Telegraph New Orleans Charleston Savannah Atchison Trust Gulf, Colorado & Santa Fe California Kansas City Colorado Gulf Santa FE California Central Inc Jnune California Southern Fouth Manuel Interstate Railway Association Magoun Atchison Company Interstate Association Chicago, Burlington & Quincy Chicago, Lurilington & Northern Rio Grande Western Railroad

No Tidings Of Dana In Missing Treasurer Case

New York reports state that Denison D. Dana the fugitive treasurer of the Douglas Axe Manufacturing Company of Boston has sunk large sums in mining ventures in Colorado including over 125000 dollars near Silverton. Police have no news on Dana or his son. Stock sales totals and mining shares prices are listed from New York exchanges dated Sept 11.

Douglas Axe Company Dana New York Denison D. Dana Douglas Axe Manufacturing Company Boston Colorado Douglas Company Silverton, Col

Western Union declares quarterly dividend of 4% per share

The Western Union Telegraph Company directors today declared a regular quarterly dividend of 4 percent, payable October 15 to stockholders of record September 20. The books will close until October 10 to cover the annual meeting October 9.

Sonora 7S West End Land West End Street Railway West End Street Railway Company West End Land Company Whitney West End Boston Boston Post National Bank OF North America Franklin Street Burr Mr. Burr West End Land Trust Land Company Bay State Gas Securities Tamarack Mining Company The Herald Thomson-Houston Ipae Western Union Telegraph Company

Wall Street Summary From Markets News

New York quotes show money on call easy at 3 to 4 percent with last loan at 3 and closing 32. Prime mer cantile payer 54 7. Bar silver 93. Sterling exchange steady with 60 day bills at 4.8444 and demand 4.88 percent posted 4,854.89. Government bonds dull, railroad bonds quiet but firm. Early stock market activity strong with mixed gains and losses. Louisville & Nashville rose to 76, Richmond & West Point and Reading active, San Francisco preferred fell to 6L%. End of forenoon brought renewed activity and higher prices with Northern Pacifics leading declines, Lackawanna weak after large transactions.

New York Sterling Exchange Louisville & Nashville Richmond & West Point Reading Ontario & Western San Francisco Stock Exchange Bears Lackawanna

California mining stocks close values listed

San Francisco Calif Sept 11 official closing prices for mining stocks appear in a brief list. Notable figures include Occidental at 1.95 Crown Votat 8.10 Hale & Norcross 3.25 Yellow Jacket 3.40 and Serra Nevada 2.70.

San Francisco Cal Peg Occidental Heat & Beleher Commonwealth Potost Cal. & Vay Serra Nevada Curtys

Foreign Financial Reports From London At 12:30 P M

Market report from London shows Consols at 078-16 for money and 975-16 for the account with U S 4s at 181, Atlantic and Great Western stocks at 35%, Erie at 305% and Erie seconds 107, St Paul 58, New York Central 111, Reading 24.25, Mexican ordinary 44.5, Mexican Central new 4s at 70.14, and rate of discount at 87-16 32% for short and three months bills. Paris advices list 3% rentes at 36 francs 5 centimes for the account.

BL & N N C. & W. Mich Con Cu. M St. P Pd.d Elki Ee K.C K. C St. L Central Ate& N. BE Oregon Ow & L TY St. Jo Union Pacific S. F Ibe Beeseseees Atlantic & Pacifc Cere Boston & Albany Boston & Lowgil Poston Maine Boston & Kovsnesss Cal Southern Cere Central of Od Vg Col. Sp. & Cin L. & News Ss Flint & P. M. Com K.C FUS. & Gult Cl.& Sp K. C2 Esas Kia Co L. RK & Fls Ee . LE St. Maceetaes Maine Central Nes &N Old Colony Rutland Summit Branch West End Wisconsin Central Pica Iy Steer Telephones Bell Eene Sven Tae Eastman Car Heater Bi, Lamson Store Ser, CO Hss Puilman Lalac Car Co Cotton Ol Trust Ole Ene Burton Stock Car Co Chiboston & Liverpool Co Nile Phonograph Toy Hurop Klee Illinois Steel CO Lynn & Boston Railroad Lynn Gas & Electric Co Mt. Desert East Shore Maiden Electric Co Los New York Fecol North Chi BL & N. Os Ob Sugar Refineries Co Union la & Co Thomson iElee. Welding Sil Wis Westinghouse Elec. E Winnisummet Co Kerio Tel Ee Lamson Ston Frenchinap Newport Lane Bost Mont Yamarack Fhoston & Albany Flint & Pere Mar Ks. Ft. 5 Siem Euveseere Neynes & N. E. Energy Ore S. Li Opie Peere West End Rypid S. Fetr Ee Chi W. Mich Rook & Bt Lainson Hoston Watert Power West End Land S. Fe Atlantic Pacific Wees Canton Fitchburg Nilman Pal Union Pacine Wayne Elec Sumar Refineries Uous Elea Westinghouse Elec London United States Atlantic & Great Western Canadian Pacific Erie Illinois Central St. Paul New York Central Aris Advices

The Twelfth Annual Meeting Of The Home Stead Bank

The twelfth annual meeting of the Home stead Cooperative Bank was held last evening in Wesleyan Hall on Bromfield street. President Joseph B. Ropes chaired as treasurer reported prosperity with assets at 274835.02 and cash on hand 10481.17. Earnings for the year were seven percent for both periods, old directors retained, list of officers and auditors provided.

Homestead Cooperative Bank Wesleyan Hall Bromfield Street Joseph Ropes New Yor St. Paw Road Divid

California Pool Sellers Rally at State Fair Clash

Sacramento reports a surge of pool sellers and gamblers at the California State fair, warned by police that selling pools or gambling is illegal. Killip & Co. seized the government building site claiming a lease from Washington, though no details given. Police have not yet arrested the occupants.

Sacramento Cal Killip & Co Washington

Newport Election Narrow Victory In City Race

Newport R I Sept 11 Mayor Coggeshall the Republican was reelected by a forty two vote margin over Democrat Samuel R Honey and Independent Edward Newton. City Treasurer David M Coggeshall also won by716. Aldermen Edward W Higbee Robert C Cottrell James A Eday Charles H Burdick and Philip Stevens retained seats with majorities around two hundred over Democrats amid a light total vote due to rain.

Newport R. L Coggeshall Samuel R. Honey Edward Newton David M. Coggeshall John D. Pike Edward W. Higbee Robert C. Cottrell James A. Eday Charles H. Burdick Philip Stevens Eddy Stevens

Rate cuts and rail consolidations sweep across lines

Evansville reports Mackey syndicate has bought Cincinnati, Wahbay, and Michigan railway linking Anderson to St. Joseph with a 32 mile extension to Rushville. Wealthy directors including Rockefeller and Bayard back the deal. St Paul directors declare a 2.42 percent dividend on preferred stock amid 1889 earnings. Albany complains of New Haven fare to race track. Plymouth approves consolidation forming Concord and Montreal railroad with $4.8 million capital.

Evansville Ind Mackey Syndicate Eies Cincinnati, Wabash & Michigan Railway Anderson St. Joseph Mich Indianapolis Bee Line Rushville Albany N. Y Thomas F. Grady New York & New Haven Railroad State Railroad Commissioners New York City New York Jockey Club New York Vannes Station Plymouth N. H Boston, Concord & Montreal Railroad Concord Railroad Concord & Montreal Railroad

Dorchester Real Estate Deals on Commercial Street

John T. Pope sells 4985 foot lot on Commercial Street to Mrs. Mary E. Mahoney for William JH Stock. E J Vickery sells his newly built house on Commercial Street for 3700 dollars. H B Blackwell plans three more houses on Neponset Avenue nearby.

John T. Pope William JH. Stock Commercial Street Mary E. Mahoney H. B. Blackwell Neponset Avenue

Property Protection Pushes Fire Alarms In New England

A Boston based plan promotes property safety with Rodgers's auxiliary fire alarm system now adopted in Boston and other New England cities. The Massachusetts Auxiliary Fire Alarm Company is capitalized at 200000 dollars with 8000 shares par 25. A limited stock offering is available at 1250 dollars. Income derives from rentals. Information from H Whitney & Co of 75 State Street, Boston.

Rodgers Boston New England Massachusetts Auxiliary Fire Alarm Company Northwestern Land Co Minneapolis Minn W. B. Clark Investment Co Minneapelis, Riinn Summer St Masa

Balch $10,000 stallion race fuels brisk interest at Beacon Park

Interest in the Balch $10,000 national stallion race at Beacon Park next Wednesday the 13th grows quickly. Excursion parties from across New England and even from California are arriving. Ticket sales for the event have been unprecedented.

Beacon Park New England California

Commercial Matters Review of Dairy and Farm Product Trends

Leather and boots show gradual recovery while hides remain quiet and flour holds steady. Corn eases as oats and rye soften, with graham flour dull and oatmeal inactive. Butter firm and cheese strong, potatoes in good demand, pork active, hay firm, lard fair, hogs quiet, tallow firm, sugars steady, molasses unchanged.

India

Grain futures close with mixed prices in St Louis and New York

Wheat and corn futures moved in narrow ranges across three markets with St Louis showing September wheat at 76% to 82% and September corn at 30 to 32 cents while Minneapolis displayed varied spot and on track quotes for multiple wheat grades and Northern oats mixed. New York quotes added further shifts with wheat around 83 to 91 cents and corn near 42 to 43 cents as oats traded mainly in mid 20s.

St Louis Minneapolis Northern New York

City Horse Market Shows Modest Trade Amid Sluggish Demand

Market for work horses remains weak with many sales under 160 dollars and prices from 40 to 150 in several stables. A few lots move, big horses scarce, and buyers seek fresh country stock for winter. Several houses report steady prices and anticipated improvement later in September.

E Bowler Isburgh & Co Walker’s Bazaar Bar Harbor Boston Moses Colman & Son Tom Mr Bruce Welch & Hall Sale International Horse Exchange E Ham & Co Land of Pennsylvania Atc E & E Snow

Leather Market Hoffnung Brightens Amid Strong Output Note

Leather trade shows growing confidence as demand remains steady and production dips. Market firm for hem lock sole leather with reduced stocks, while light and cheaper grades move briskly. Prices held steady with talk of possible advances. exports quieter but ongoing. Calcutta buffalo leather remains in steady demand.

Buenos Ayres Montevideo California Calcutta

The Boot and Shoe Trade Activity Remains Steady

The boot and shoe trade shows no major change with most factories busy and not seeking new orders. Old orders and spring samples keep manufacturers working. strong demand for calf and men’s wear goods, steady for women and children, and slipper trade satisfactory.

Hide market remains quiet with mostly steady prices

The Hide Market reports little activity in foreign hides with large stock and low demand. Domestic hides are subdued with minimal price changes. Western wet salted hides offer freely at 64 5 8 c per pound to ship, nearby points at that rate. Southern dry hides quiet at 4 72. 8 c for upper and lower leather. Southern green salted slow at BY2W4A120. New England packet hides are the only line showing movement.

New England

Rubber Market Outlook Shows Rising Prices Ahead

Demand remains strong while supplies stay tight as rubber traders anticipate higher prices. Analysts note steady consumption and limited inventories signaling a continued upward price trend.

Also Mentioned on This Page

Boston News Bureau Mexican Central Railway Ampico Harbor Tampico Harbor Wisconsin Central Common Preferred Summit Boston & Alvany Concord Montreal Wawsge Atchison Trust Chicago, Burlington & Northern Boston Stock Exchange Miscellaneous Stock Exchange Michigan Central Missouri Pacific Tennessee Coal Fort Worth & Denver Firsts Wilson Way & Co State Street Beacon Electric Mfy Thomson-Kouton Ewes Catalpa Santa Te 'Eee Ediaon Phon Toy Dunkin Mining National ‘Telephone Amy Met Touli MR. Dana Pommen R.G Paleysis Ws Bo Erie Oda Wudt Y Lot Kan Mat Nid P. Lata C. Pac W. Shore Alta tecGake Seat & Elder Byg Ophir Seins Col Coal Nivorng Hale & Nor Utah Ward Con Ontario Ste Vo St. L Issia Vee Rao St. Yp. Ak Istip C&t P. Eo Ohio Ory Itt Rea. Riel Packie Air L St. Mire Ches Chi Alton del. & L Den K.goree Orns Mit Seener Hocking Val Isi Mii Central Ceeisee Seer Belf Kan. & Tex Kings. & Pem Seaae Ae Sly L. Bk. Eeees Long Island L. & Nash N. A Beach Eley Lev M. i Lewes N.J. Gent Bais, & W Booy & Nor ToVe Northwestern Ligue A. Eves Las Aee Ag Oe Oosi Mins Seeral Spaniel Pailman Pal Liz Union Sugar Trust Laat Arnold Oory Bonaza Devel’t I. & Slont Mutte & Boston Om Po Cal Hecla Crescent Eee Joldcye Ridge Soe Saltate BOC Tamarack Land Companies Aspinwall Boothbay Aeons Boston W.P Hoylston Street Rookline Campobello Pres Bay Mavetick Potts Wayson San Diego Sullivan Ween Winthrop Ly Wollaston At.& Pac Dat Do Inc City Bank Metropolitan Bank Webster Bank Union Bank Yee Exchange Bank Ces Bank Lowell Manf Appleton Manf Osa Amoskeag Manf Arlington Mills Salmont Falls Bate Manf Lancaste Mills al Geer Geera Cheshire Socaein Ae Boston & Lowell Concord & Montreal Roy Saco & Portsmouth RR Eastern RR Boston & Providence Winnisitniumet Co . Er Oston Lowboat Co Fort Payne Coal & Iron Co Loan & T 'St Co Kan Eastman Freight Car Jieater Co Globe Gaslight Co Morley Button European Welding Co Lod -M. L Long Strate Street Portland & Kennebec NEW York Financial Homestead Bank Boston & Maine Fitchburg Road Norwood Buffalo Toronto Cievelanad Columbus Cincinnati West Shore Elise Cleveland Detroit Pointe Dorchester Real Estate Gilman, Cheney & Co Farnum, Reardon & Co Goa Ciety Horse Market First Heal Boston Safe Deposit and Trust Co Connecticut New Hampshire Vermont Massachusetts Devonshire St Corner Water Eastern Banking CO Milk Street Francis A. Osborn T. Merrihew Joan Jeffries & Sons Devonshire Street Iliec Nogat
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