Money Market Report Reflects Easy Conditions In Boston
The Saturday evening Boston Money Market notes a generally easy tone with lower call rates and slightly higher time rates. Clearing House loans are at 2 to 2.5 percent, while general market time loans run 4 to 6 percent. New York funds traded at 1244 to 17 cents discount on 1000, with weekly clearing exchanges totaling about 634.9 million and bank balances near 80.1 million. The report details New York bank statements, foreign exchange quotes, imports and exports, and a broad run of bond and stock activity in Boston and nationwide, including Sugar Trust fluctuations and corporate dividends forthcoming in October.
MENTIONED IN THIS ARTICLE
Boston
New York
Chicago
St. Louis
San Francisco
Telegraph
New Orleans
Charleston
Savannah
Boston Post
United States
Canada
Bears
Treasury
New York City
Dividends Declared by Regional Companies This Quarter
The St Paul Minneapolis and Manitoba lines declare a 1 percent dividend payable November 1 to stockholders of record October 23 with books closing October 23 reopening November 2. McKay and Thompson Lasting Machine pays 20 cents a share quarterly October 21. Cutting Car Company declares 2 percent quarterly dividend October 1 to stockholders of record September 26. First National Bank of South Weymouth declares a dividend. Merchants' National Bank of Newburyport declares a 32 percent semi annual dividend due Union Investment Company of Kansas.
MENTIONED IN THIS ARTICLE
Metropolitan National Bank
North Side Construction Company
St. Paul
Minneapolis
South Weymouth
Merchants’ National Bank
Newburyport
Due Union Investment Company of Kansas
Northern Pacific Bond Plan and Stockholder Meeting Urged
A call to holders of Northern Pacific preferred and common stock to unite for a special meeting on October 17 to approve a consolidated mortgage of up to 160 million gold bonds with 100 year terms and 5 percent interest. Proposals cover retirement of existing bonds, new branches, terminals, and bonds exchanges with nine of thirteen directors required for approval. Proxies invited, with program details including subscription rights for current stockholders and a quarterly dividend for preferred stockholders, plus a dividend reserve fund.
MENTIONED IN THIS ARTICLE
Ccs. Cos
Henry Villard
Thomas F. Oakes
Charles L. Colby
Chalgate How'r
George Austin Morrison
Charles H. Leland
J. . Waggin
David N. Houghtaling
New York
Money market and stocks drift lower in cautious New York trading
In New York on September 28 money on call ranged 4 to 4 1 4 percent with last loan at 4 and closing offers at 4. Prime mercantile paper in modest demand only from city banks. 60 to 90 day unendorsed bills at 6 percent, four months’ acceptances at 6 1 2 percent, good single names four to six months to run at 6 4 2 7 2 percent. Bar silver 93. Sterling exchange dull to firm with actual business 4.8354 for 60 day bills and 4.88 for demand. posted 4.8444 and 4.99. Government and railroad bonds dull and barely steady. In stocks bears pressured at open with declines from last evening extending to percent, Manitoba down 15 percent after earlier strength. Sugar Trust and Atchison weak as market softened after opening.
MENTIONED IN THIS ARTICLE
United States
New York
Bears
Atchison
Sugar
Boston
Lsted
Aevnisey
Niessisi
Chicago, Burlington & Quincy
Walker
Interstate Railway Association
Missouri River
Iowa Central Railway Company
Pullman Palace
Union Pacific
California Southern
Mexican Central
Wisconsin Central
Chicago, Kansas & Western
Boston Stock Operator, Backed By A National Bank
Wall Street
Sugar Trust
Montana
Lake Superior
Andrews
Cogan
Prime Mercantile
Sterling Exchange
Manitoba
Market a strong close as bulls dominate price list
Trading ended with a bullish tone and higher closes across leading stocks. Manitoba rose to 116 while most issues, including Atchison and others, held near opening levels as buying from commission houses and short covering supported prices. Bond activity remained quiet with $414,000 in sales and a week total of $4,893,000.
MENTIONED IN THIS ARTICLE
Atchison
Louisville & Nashville
Reading
St. Paul
Manitoba
Hocking Valley
Ohio
Indiana & Western
Western Pacific
Utah Southern Extension
Gulf, Colorado & Santa Fe
Louisville
New Albany
Mining stock closing prices reported in San Francisco
San Francisco prices list official closing figures for mining stocks dated September 28. Entries include Occidental, Hale & Norcross, Union Gons, Crown Point and other listed names with varied small values.
MENTIONED IN THIS ARTICLE
San Francisco
Cal
ALOR
Asaloohil
Casa Awels
Ara Con
Occidental
Plalive
Hale & Norcross
Union Gons
Inaccese
Maxioais S
Cote cc
London Market Outlook and Bond Yields Report
London at noon quotes Consols 96 1/2 to 96 3/4 for money and account. Pacific and Atlantic issues show varied prices with Canadian Pacific at 70 7/8, Erie 107 1/2, Illinois Central 120 3/4, St Paul 75 1/2, New York Central 112, Pennsylvania 65 1/2, Reading 24, Mexican 4s at par. Discount rates noted at 4 1/2 percent for short bills and 4 percent for three months.
MENTIONED IN THIS ARTICLE
Atlantic
Bonanza Devel’ Bas
Mont Se
Butte & Boston
Csc
Wes Os Cal
Hecla
Crescent
Franklin
Huron
Fronton
Quincy
Weas
Ridge
Coos
Santa Beawee
Tamglack
Land Companies
Aspinwall
Ssss
Boothbay
Boston
Boylston Street
Gig Brookline
Aly Campobello
Sete
Bay
Newport
Payson Senor
Penobscot
Sullivan San Diego
Topeka
West End
Ces
Winthrop
Atchison
At. & Pac
Gee
L. G
Q. Lst
Han, & W
C.& W. Mich
D. D
Beast S. & G
Eee
BE. & St. Lim
Mit
N.Y
N. E
Oregon
Southern Kansas
Texas
Sonora
St. Jo
G.I
Union Pacific
Wis
Atlantic & Pacific
Hoston & Albany
Loston & Lowell
Loston & Maine
Boston & Prov
al. Southern
Central of Mass
Ar & Canton
Renee Qaig
River
Col
Sp. & Cin
Fitchburg
Flint & P. I. Cor
Ft. Scott & Fi
K. C
L. KE
Maine Central
Old Colony
Rutland
Summit Branch
Chioaseacmics
oRie Vy
Wisconsin Central
Bell
Eastman Car
Lainson
Pullman Palace Car Co
Cotton Oil Trust
Pneumatic Tool Co
Wee Eee
Burton Stock Car Co
Chi
Toston & Rere Qo
Phonograppy
Euro Elee
We Lane
Fortayne Elec
A. Ee
Illinois Steel Co
Desert & East Shore
Malden Electric Co
New York Despatch Co
North Chi
Teli Eesteres Ee
Sugar Refineries Co
Seeee
Thomson-Houston Kleesieiee
Do Trust
Thomson Elec
Westinghouse Elec. Co
Bill By
Winnisimmet Co
London
Atlantic & Great Western
Canadian Pacific
Erie
Ilinois
St. Paul
New York
New Freight House of New York and New England Railroad
The new freight house on Federal street stands behind the general offices. A substantial two story building 225 feet long by 50 feet wide, clad in light drab corrugated iron. It is designed for freight traffic via the all rail line to New York. Tracks have been rearranged and a granite paved roadway leads from Federal street to the new building.
MENTIONED IN THIS ARTICLE
The
New York & New England Railroad
Federal Street
New York
Mortality Statistics From Local Board of Health
Last week 175 deaths were reported to the Board of Health, down from 187 a year earlier, with a weekly death rate of 21.6. Diphtheria yielded 26 cases and 9 deaths, scarlatina 2 cases and no deaths, typhoid 72 cases and 7 deaths. Deaths occurred from consumption 17, pneumonia 6, whooping cough 4, heart disease 13, bronchitis 5, marasmus 6, and violence 7. One year olds totaled 35 deaths, under five 62, over sixty 36 with the oldest at ninety seven. Deaths in public institutions numbered 3.
MENTIONED IN THIS ARTICLE
Board of Health
Market Summary Of Commodities And Livestock
Flour firm while corn dull and oats steady. Rye and Graham flour unchanged. Cornmeal steady and oatmeal quiet. Cottonseed meal nominal. Malt slow. Hops dull. Butter very firm. Oleomargarine steady. Cheese unchanged. Eggs steady. Beans quiet. Potatoes firm. Poultry steady. Hay firm. Straw dull. Truck quiet. Apples unchanged. Oranges scarce. Lemons steady. Pork active. Lard very firm. Hogs steady. Corned beef dull. Fresh beef quiet. Mutton quiet. Lambs plentiful. Veals easy. Tallow quiet.
Fall River Cloth Sales Dwindle As Prices Slip
Fall River reports light cloth sales with prices easing to 8 11 16 c for 64 squares and 34 1/4 c for 56x60s. Week's activity totals 16 000 pieces with deliveries 7 000 of 64x64s spots at 3 1/4 c and 7 900 of 64x64s October to January at 31 1/16 c.
MENTIONED IN THIS ARTICLE
Fall River
Providence
Wool Sales Report From London Prices Across Regions
Attendance waned at the London wool sales with 11 843 offerings, most sold. Drought affects up country reports, and prices are listed for Victoria, New South Wales, Queensland, South Australia, New Zealand, Tasmania, Cape of Good Hope and Natal.
MENTIONED IN THIS ARTICLE
London
Algoa Bay
Victoria
New South Wales
Queensland
South Australian
New Zealand
Tasmania
Cape of Good Hope
Natal
Wheat market reaction after Duluth export report falters
The option market opens quiet in Chicago as 75,000 bushels for export at Duluth sparks a brief rally to 88 1 2 cents but fails to materialize into a sustained rise. Northwest receipts rise, Atlantic clearances drop, bulls buy above 83 cents yet selling pressure returns. Corn weak on September and October deliveries, oats steady amid a large short covering. Provisions soft with ongoing October pork manipulation and packers shifting toward delivery. Closing quotes show mixed futures across Wheat Corn and Oats in Minneapolis St Louis and New York.
MENTIONED IN THIS ARTICLE
Chicago
Farnum, Reardon & Co
Boston
Duluth
Northwest
Atlantic
SF Ants
BOY Ees Ik
Minneapolis
Northern
Norihard
St Louis
New York
Market for iron and steel remains firm with price outlook
The market for crude and finished iron and steel stays very firm as American pig iron trades well. Foundry and mill deliveries are large due to old orders and ongoing new business, keeping output well sold. Prospects for price rises emerge if demand remains strong, though capacity expansion may limit immediate gains. Bessemer and Scotch pig iron show firmer prices, with Scotch at high levels abroad. Pennsylvania brands quoted.
MENTIONED IN THIS ARTICLE
Pennsylvania
Gray Forge
Eastern Mills
Pittsburg
London
Also Mentioned on This Page
Aitchison
Morrison
Strong
Missouri Pacific
Reinhart
Atchison Company
Burlington & Quincy
Berkeley
State Street
Philadelphia
T. Louis
Francisco
Altimore
Ontisbourg
Cincinnati
D. Counsas City
Omaha
Galveston
Columbus
Indianapolis
Richmond
Pringfield Erste
L. Inn Yorcester
Portland
Peoria
New Haven
Bt. Joseph
Fort Worth
Grand Rapids
Wichita
R. Lowell
Los Angeles
Buffalo
Birmingham
Tacomate
Sioux City
Montreal
Ahly
Boston Stock Exchange
Miscellaneous Stock Exchange
Wilson W. Fay & Co
Robinson-Foster
Catalina
Santa Fe
Aisietaleieras Wisiad
National
Burton
T. He
At. & Pacific Oeeves Atchison
B& Air L. Pref
Ae Roch. & P
Cr.& Nessa Es
Pacific
Alton
Sessee
Ly Cin
del. & HL
del. & L
R.G
Tis East Tenn
Hoveking
Kan
Tex
Yuleno & Pem
Eeee
Louis
Tate
M & Ohio
M. & Essex
Nash
J. Cent
N.Y. Cent
N. Y
N. G
Ohio & Miss
Seoe Des Morse Eisbie
Ont
West
Rich. & al
Ock Island
Rome
St. L. &S. Enee
Ste
St. P
Eves Loo - Ae
Texas P
Illie
L Pacific
Vuilman Paleene
W. Union
Dol“ Sugar Trust
C & Ere
Brunswick
P. Kan
Ee . Sneses
Ae K
Tex. F . LG. Oe BS Ican HS Rec
N. W
Shore
IKS
Alta
Belcher
Best & Bel
Ontario
Crown Point
Plymouth
Potosi
U. Utah
Ward
Detroit
Mich
Neb
St. Louis County
Minn
West Bay City
Mish
San Antonio
St. Cloud
Reno County
Danville
W.tarris & CO
Foote & French
Congress
Foote & French Ankers
Issu
Congress Street
Brokers’ Board
Bell Tel
K.C
Mem
Birm
N.E. Tel
L. Begone
Wis. Cent. Inc
Ain
Reto Viecsiss Css
Go Tizns
Cer
Ceccees
Erie Tel
Cessrecsevese
Erle Senares Poe
Lamson S'S
O'S
Newport Land
Wa West Bind Li
Ind
Ea Bost
Mont
Dunkin
Cecceen Secre
Roicesceese
Pullman Pal
Edison Phono
Ewes
Elec
NEW York Financial
California
FLINT
Pere Marquette Railroad CO
Port Huron Division
Central Trust Company OF New York
Port Huron
Seaboard
Flint & Pere Marquette Co
Adebtec
J. W. Mackintosh & 68
tHoston Stock Exchange
Milk Street
Ross
Cor
Devonshire ST
William Claflin
Robert M. Morse, Jr
William T. Parker
A. Collins
Thomas F. Temple
William W. Crapo
Warren B. Potter
John M. Graham
Lyman Nichels
John C. Paige
Henry L. Jewett
Exchange
Mortgage Bank and Investment Co
Fargo
Dakota
James J. Halliday
Mortgage Trust Company
Rialto
F. B. Rogers
American Investment
Online Union
Broadway
William Montgomery
Eastern
Massachusetts
Moston
Mass
W. Shars
Milk St
Toston
Eastern Banking CO
Francis A. Osborn
T. Merrihew
John Jeffries & Sons
Devonshire Street