Stock market advances and mixed bond activity report
A market note shows stocks up by about half a percent with several names advancing including Allis Chalmers and Am. Linseed, while Manhattan Pipe and Chem. post declines. Bond movements feature notable gains for Chicago and Alton 3s and declines for Manhattan 4s amid varied collateral loans and money rates.
MENTIONED IN THIS ARTICLE
Allis Chalmers
St. Am
Linseed
Canada
Chi
St. Ben
Manhattan
I. Pipe Per. & Chem. Pt
Wall Street Shares Rise Amid Broad Market Gains
Market moved higher with most stocks advancing yesterday. Several advances climbed 4 to 5 points as short-covering and reduced pressure supported gains while outsiders were scant in buying. Major commission houses lagged.
MENTIONED IN THIS ARTICLE
Wall Street
Wall Street poised against early year market revival
The financial interests on Wall Street oppose an active buoyant stock market at year end. They view attempts to spur relief as fueling hurried speculation and expect a stronger push after New Year’s. They anticipate dividends and interest funds accumulated this month will influence the market later.
MENTIONED IN THIS ARTICLE
Wall Street
Sterling Slide Foreshadows French Gold Imports
Sterling exchange fell markedly yesterday as news of an incoming gold shipment from France drew cautious banking chatter. Analysts warn this import could signal a broader ongoing gold import movement with potential large-scale impact.
MENTIONED IN THIS ARTICLE
Sterling Exchange
France
Market Raid Shocks Close as War Fears Loom
Just before yesterday's close a concentrated raid hit notable stocks driving closing prices below intraday highs. The sole stated motive was an imminent announcement that the United States will face Great Britain and Germany in conflict, a reason market traders awaited.
MENTIONED IN THIS ARTICLE
United States
Great Britain
Germany
Market Rumors Highlight Manipulation and Key Players
The street eyes suspected manipulation in Missouri Pacific while Southern Pacific showed strength from London buying and short covering by locals. Brokers tied to Moores dominated Rock Island purchases, Readings coal stocks drew Philadelphia holdings, and a rumored new steel syndicate led by Mr. Keene stirred debate amid uncertain pool status.
MENTIONED IN THIS ARTICLE
Missouri Pacific
Southern Pacific
London
Moores
Rock Island
Steel Trust
Keene
Philadelphia
Reading
St Paul Stock Decline Sparks Market Unease
The afternoon saw a sharp St Paul stock drop in the final five minutes, nearly four points from the day’s high on scarce trades. The move unsettled some circles amid rumors of a Venezuelan affair and a possible deliberate raid exploiting stop orders as weak holders were forced out.
MENTIONED IN THIS ARTICLE
St. Paul
Bears
Stock Market Hints of Potential Liquidation Pressure
Analysts infer possible forced liquidation as a high priced stock declines during late trading while Northern Securities shows a similar drop in the final minutes. Standard Oil buyers appear quiet on new stock issue speculation, with no action expected until after year end.
MENTIONED IN THIS ARTICLE
St. Paul
Standard Oil
Manhattan Third Rail Troubles Shake Shares With Record Ridership
Investors grew bearish on the Manhattan stock after a third rail operation hiccup. Official reports showed 900,000 passengers carried on Monday, the highest normal daily figure, with potential for 1,000,000 daily once electric cars are fully deployed.
MENTIONED IN THIS ARTICLE
Manhattan
New York Central dividend speculation unsettled
Rumors cohere on an increased dividend at the forthcoming meeting as New York Central cites savings from a bond redemption plan and other improvements, but well-informed quarters deny the report as unlikely given the heavy outlays needed for planned additions and improvements.
MENTIONED IN THIS ARTICLE
New York Central
Sentiment Yet Hopeful Amid Venezuela Uncertainty
Street mood grew more hopeful than in the past month though many shoppers paused buying. They would risk higher prices later if the Venezuela issue clears, preferring to wait until the mitter settles. People cited the market decline as caused by money stringency and expect stocks to rise if no unforeseen problems appear.
Market of anomalies shows stocks trading well above or below par
The market is described as full of anomalies with standard stocks selling at strange prices. St Paul 7 percent stock trades at 167 and Pennsylvania 6 percent at 102 percent while New York Central 5 percent tops 150. Northwest 7 percent at 16 and Atchison preferred 5 percent near 98. Continental Tobacco preferred 7 percent at 115 and United States Steel preferred 7 percent at 81. Bankers say declines can be extreme just as advances.
MENTIONED IN THIS ARTICLE
St. Paul
Pennsylvania
New York - Central
Northwest
Atchison
Continental Tobacco
Consolidated Gas
United States Steel
Amalgamated Copper
American Smelters
Strength of the Relief Offer Signals Market Backbone
The day passed without any relief applications to the committee managing the 50 million dollar fund. Observers say the main value lies in boosting sentiment, not the money itself, as the offer gives the market a backbone and helps prevent stringency or panic.
Rumors Stir Wall Street Over Arbitration and Navy Moves
Nervous trading followed reports of possible U S fleet deployment to Venezuelan waters and Hay cables to ambassadors signaling warning on arbitration. Gossips claimed a money squeeze could hit before year end, unsettling investors despite prior confidence.
MENTIONED IN THIS ARTICLE
St. Paul
Wall Street
Hay
United States
London
Berlin
Boras
Wirehouses Hampered by Storm Slow City Market
Wire houses were largely unable to communicate with out of town correspondents as the storm disrupted activity. Local commissions were moderately active, but overall volume stayed light, totaling about 600000 shares, driven mainly by local and professional trades.
The Position of Copper Trade Warms on Buying Interest
Trade interests were active on Amalgamated Copper buying and they believed the corner had been turned in the trade. Daily figures show November copper production at United States reporting mines and outside sources totaling 25 297 tons, up from 1 724 tons the previous year and 23 276 tons in 1900.
MENTIONED IN THIS ARTICLE
Amalgamated Copper
United States
Consolidation Plans Offer Stock in Malleable Iron Firms
United Companies will issue 16 million dollars of stock to stockholders of seventeen malleable iron companies for their holdings in a cashless consolidation worth 20 million. The arranging committee includes W C McMillan Detroit P Letchworth Buffalo C P Bostford Pittsburg F E Nulsen East St Louis H T Simpson Detroit K W sinyer Milwaukee W W B Ullman Moline and B H Whiteley Muncie.
MENTIONED IN THIS ARTICLE
St Charles
Til
B.H. Whiteley
Whiteley Malleable Castings Company
Muncie
Ind
Gold Shipment to National City Bank From Paris Reported
Reported yesterday that the National City Bank received 250000 in gold from Paris. Bank declined to elaborate beyond stating that such transfers are not unusual for money in transit to South American ports. Financial circles gauge the move as routine.
MENTIONED IN THIS ARTICLE
National City Bank
Paris
Unclear Phrase Reveals Profit From Exchange Deal
The fragment notes that the money derived from a profitable exchange transaction, indicating a successful financial arrangement or conversion.
Ongoing Coke Ovens in Alabama and Other State Business Notes
Reports indicate 1 700 coke ovens under construction in Alabama with 600 more likely by July 1 1903. Elkins and associates alleged buyers of four fifths of Union Gas and Water Company Morgantown Virginia stock. Rhode Island Perkins Horse Shoe Company proposes re incorporation in Rhode Island and capital cut from 2 750 000 to 1 000 000. Zinc ore in Joplin Missouri fell four to five dollars per ton in thirty days and remains about six dollars above last year. Boston and Maine Railway gets permission to raise one million dollars in capital stock. Philadelphia Stock Exchange lists ten million dollars common and five million dollars preferred stock for United Railways Investment Company San Francisco. Standard Oil buys land near Marion Indiana for a world class refinery. Stock Exchange sale of 100 National City Bank shares at 290. International Silver Company authorizes scrip to preferred stockholders for unpaid cumulative dividend. Indianapolis rumors say Indiana bituminous coal deal is off. Port of New York exports drop 3 370 715 from prior week and 1 365 141 versus last year. Beech Creek Railroad seeks listing of 335 000 additional guaranteed common stock and 500 000 additional second mortgage bonds.
MENTIONED IN THIS ARTICLE
New York Times
Boston
New York
Calloans
Mercantile Paper
United Fruit
Cuba
United Fruit. Company
Atchison' Ssace Accewesons
Atchison Pf. Euernee
Boston Elevated
Fitchburgh Electric
Massachusett Peeeewee
Pere Marquette Eaeee
Rutland Pf
Union Pacific
Union Pacific Pf
American Pre
Ag. Chem
Sacs
Pneu
Amercan Sugar
American Woolen
Tobo
Dom. Iron & Steel
General Electric
BOM
Massachusetts Gas Pf
Mergenthaler Ex div
Merrimac Rights
Esee Ee
Reece
Swift P_& P
United Fruit Weer Ee
United Shoe Machine
United Shoe Machine Pf
S. Steel
Neue Hae WA
Adventure Eee
Allouez Tehioe
Eeee Eeeeree Sf
Eceesses
Bingham
Calumet & Hec Nas
Central Oil
Cons
Mercurer
Copper Range
Mohawk
Mon
Boston Fee
Montana Coal & Coke
Old Colony
Old Dominion
Parrot
Beret Sale
Tamarack
Trinity
United States
Coal & Oil
Utah
Victoria
Winona
British Columbia
Eighth Avenue
Greene Con
Hackensack Mellows
Houston Oil Sete Ween Ee
Manhattan Transit
Seer
Montreal & Bos
National Enameling
N. A. Lumber & Pee
Northern Securities Ee
Otis Elevator
Union Copper
Vccesese Ote
United Copper Seeee
Chi
Ind. & Louis
New Orleans
Virginia I Cc & C
Fiat
Amer
Amér
Bamberger de Lamar
Borden's
Borden
California
Entral Fireworks
Entral Foundry
Entral
Eaeee
Central Foundry
Rubber Tire Sivas
Mstilleys Securities
Dom. Securities Eee
Wee, Reduc
Hicle
Jehicle
Bly
Impire
Ferman Treasury
Gold Hill Copper
Tavan- Tobacco
National
N. Y
N. J. Tel
Royal B. P
Seaboard Air Line
Simpson-Crawford
Sandard Milling
Standard Milling
Rly Randard Milling
Enton Potteries Saeiee
Renton Potteries
Renton
Ubular
Fubular
tInion Typewriter
Inion Typewriter
United Box Board
Rsal Tobacco
Universal Tobacco Pf
Virginia
Virginia. & Southwestern
Virginia & Southw
White Knob
Broadway & 7Th
Brooklyn
Brooklyn City BR. R
Brooklyn Rapid Tr
Stral Park
Grand Rapids St. Ry. Pf. Seeee
Jersey City H. Ti
Jersey City H. & P
Nassau Electric
New Orléans
Rys
Cave
Ninth Avenue R
North Jersey Street
North Jersey St. Ry
St. Louis
San Francisco
Sixth Avenue R. R
Steinway R.R. Co. Istacuse Rapid Transit
Syracuse Rapid Tr
Inion Ry
St. L. Pf
le United Rys
St. L
Washington Ry. & Elec
Wash. Ry. & Electric Pf
Wash. Ry. & Electric
Am. Lt. & Traction
Am. Lt. & Traction Pf
Buffalo Gas
Avery el Sunn
Cent
Union Gas Ltd
Columbus Gas Eee
Con. Gas
N. J
Consum. Gas
J. C
Denver Gas
Bia
Chalmers Co
A . Chem
Car & F
Car & F. “Co
Age &Ri
Sig
Cotton Ol
Am. District
Am. Express
Ice Co
Am. Hide & Leather
Am Linseed Co. Pf
Am Locomo. Co
Am Locomo, Co
Am _&R Co
Steel
Woolen Co
Anaconda Cop. M. Co
Baltimore & Ohio
Glyon
Brooklyn Rapid Tran
Brunswick City
Canada Southern
Chesapeake & Hio Wee
Chicago & Alton
Chicago Great West
T. West. Pt
Mil. & St. Paul
Mil. & St. P
Chicago & Northw
Chicago Union Trac
Colorado Fuel & Tran
Colorado & Southern
Col. & Southern
Col. Southern
Col. & H. C. & Renee
Consolidated Gas
Delaware & Hudson
del., Lack. & West
Denver& R
Denver & R. G. Pf
Detroit Southern
Distillers
Erie
Evans
Thos
Great Northern
Hocking Valley
Illinois Centra
Land Et Town Centra
K. C
Kansas City South
Kansas
City South
Keokuk, & D
Lake Erie
West
Louisville & Nashville
Manhattan
Mt. S
Kan
Texas
Ty Va
Tex
Missouri Pacific
Nash
Nat. Lead Co
New York Air Brake
New York Centra
Eve
S. L
York & Harlem
Norfolk & Western
Pennsylvania
People's Gas
Chicago
Ulcksilver Oaersevs Vo
Iron & Steel
Rock Island
Mg. Co
Cole
It. L. & San Fran
Ifs
Louis Southwes
St. L. & West
Union Eng
Nion Pacific
Ss Leather Shay Russ
Cdsizesis
U. S. Red
Eae
Ss Steel Pf
Realty & Con
Aeewee
J. S. Realty & Con
Caro
Chemica
Caro. Chem
Vulcan
Wheeling & Wean
L. E
Wisconsin Central
Wisconsin Central of
Baltimore
Seaboard Ry
Seaboard Ry. Pt
Atlantic Coast Line
Atlantic Coast L
G. B. S. Brewing
U. R. & Electric
U. S. Fidelity & Guar
Union
Coal & Iron P
Seaboard Rys
Ee Ry
Rys. & Electric Inc
U. Rys. & Electric
Coast L
City of
Money and Exchange Rates and Market Totals
Money on call and time money rates shown with percent commissions. Clearing House exchanges at $388,502,977 and balances at $16,594,250. London money on call at 5 1 2 to 3 percent with open market discounts. Foreign exchange easy with bids and cables quoted.
MENTIONED IN THIS ARTICLE
Mercantile
Clearing House
Treasury
London
Reichsmarks
Guilders
New York
Chicago
Boston
New Orleans
Charleston
Savannah
San Francisco
London Market Quiet as Prices Edge Up and Bonds Rise
The Times reports a quiet money market with 3 percent loans common and modestly rising discount quotations. Stock Exchange activity was subdued but improving. American securities support helped lift prices. Chinese bonds gained while South African issues held firm and bar silver demand surged on the Eastern account. American rails showed firmer trading late in the day.
MENTIONED IN THIS ARTICLE
London Times
NEW York Times
London
the Times
Stock Exchange
London Market Reports Mixed Signals As Rates Firm Near Year End
Supplies were limited and money in demand while rates held firm. Americans on the Stock Exchange cheered by New York’s syndicate to stabilize money markets but lack of public support and bad weather kept business restrained. Consols eased slightly and key shares such as Reading and Union Pacific moved in narrow ranges as gold premiums and international quotes covered Buenos Aires Madrid and Lisbon.
MENTIONED IN THIS ARTICLE
Associated Press
London
Stock Exchange
New York
Anaconda
Atchison, Sui
Atchison
Baltimore and Ohio
Canadian Pacific
Chesapeake and Ohio
Chicago Great Western
Chicago
Milwaukee
St. Paul
Be Beers
Denver and
Rio Grande
Denver
Erie
Illinois Central
Louisville and Nashville
Missouri
Kansas
Texas
New York Central
Norfolk and Western
Buenos Ayres
Madrid
Lispon
Paris and Berlin markets end firm then waning on Dec 16
Paris prices opened firm then weakened on realizations with irregular foreign exchange and buoyant copper due to a copper stock drop. Rio Tinto and Kafir shares fluctuated, private discount at 2 13 16, three percent rentes. Berlin boerse shows firm internationals and iron shares, Canadian Pacifics steady on New York tips, and London exchange at 20 marks 441 pfennig. Short bills at 2 14 percent, three months at 84 percent.
MENTIONED IN THIS ARTICLE
Paris
Rio Tintos
Kafirs
London
Berlin
New York
Philadelphia Prices Hold Firm Amid Slump in Lake Superior Stocks
In Philadelphia on December 16, the market showed firmness as Consolidated Lake Superior issues rebounded despite ongoing selling from hard-hit quarries. The common rose fractionally, preferred up slightly, with American Railways, Pennsylvania Railroad, and Philadelphia Company preferred all advancing modestly.
MENTIONED IN THIS ARTICLE
New York Times
Philadelphia
Lake Superior
American Railways
Pennsylvania Railroad
Philadelphia Company
Chicago Quotations and Stock Transactions Mixed on Dec 16
Chicago market reports show New York premiums at 35 cents with wire trouble causing Chicago houses to delay. Trading was busier early but activity cooled. Biscuit and Swift's shares improved while Street Car Line weakened. Notable closes include American Can 99 1/2, Metropolitan Light 35, National Biscuit 45, Swift 121 1/8.
MENTIONED IN THIS ARTICLE
Chicago
New York Times
New York Exchange
Chicago Stock Exchange
Swift
Title
American Can
Chicago Edison
Chicago T. & T
Lake Street Li
Cseseseee
Metropolitan Li
Ceeee
Metropolitan L Pf
Cese
National Biscuit Com
National Biscuit
National Carbon
Swift & Co
Outside Securities Show Mixed Gains After Bank Relief
The market's outside sector steadied with a few large advances while activity remained thin. Northern Securities led gains earlier but tumbled to close down after an afternoon peak, unlike most stocks which finished near day highs. Houston Oil showed weakness with a notable price drop as overall trading slowed.
MENTIONED IN THIS ARTICLE
Stock Exchange
Northern Securities
St. Paul
New York Port Exports Value Declines Weeks End
Exports of merchandise from the Port of New York for the week were valued at $9,065,393, compared with $13,336,108 the preceding week and $11,330,534 in the corresponding week last year. Total pivoffs since Jan 1 reached $47,932,443, against $43,048,199 in the same period last year.
MENTIONED IN THIS ARTICLE
New York
Financial Quotations Card From Market Report
Daily bid and asked quotations listed for numerous stocks and bonds with prices and percent changes. The page shows closing figures for rail and mining stocks such as Union Pacific, Homestake, Diamond Match, and others, along with commodities and overall market markers. The report concludes with continued financial data on the next page.
Trading in Baltimore Shows Improved Market Tone
Baltimore notes a steadier market buoyed by New York pool relief and reduced panic. Seaboard and United Railways common share gains, with bonds totaling 64,000 dollars traded. prices posted for utilities, railways, gas, and various issues, reflecting cautious buying and 6 percent money.
Charles E Warren Named Treasurer of Erie and Kalamazoo
Charles Elliot Warren, cashier of Lincoln National Bank, New York, is appointed Treasurer of the Erie and Kalamazoo Railroad Company of Michigan. Offices will be in the Lincoln National Bank Building at 38 East Forty second Street.
MENTIONED IN THIS ARTICLE
Charles E. Warren
Charles Elliot Warren
Lincoln National Bank
City of New York
Erie and Kalamazoo Railroad Company
Michigan
Lincoln Naust Bank
Winthrop Elected Director at Adams Trust Co in Boston
Henry Rogers Winthrop of the Equitable Life Assurance Society was yesterday elected a director of the Adams Trust Company of Boston Massachusetts.
MENTIONED IN THIS ARTICLE
H. R. Winthrop
Adams Trust Co
Henry Rogers Winthrop
Equitable Life Assurance Society
Adams Trust Company
Boston
Mass
Also Mentioned on This Page
Stock Transactions
Rich
D. Con
Pac
Ms Am
Pf Aeonsie Mo
Texas Am Cotton Oil
Serene Nash
Go Ie
Am Express N. Y. Air Brake
St Fats Am
C, & St. L Locomtee
N. Y & Harlem
North American
Am Steel Fdly Sabes
Penn
Bi Am Steel I. Pf
People's _Gas
Ds Balt
Ohio
I. C
Alton
M.& St. Pea
Rep
Sheen
Rutland
Col South
Col
South
St. Ie
St. Tl. & SF W
Sloss
Sheffield
del & Hudson
del L & W
Southern Railway
Den
Rio Greee
R. G. Pr
Third Avenue
Del
St. I
T. Pipe
S. R
Valley of Pesos
Illinois
ST. Paul’s
United Companies
Birmingham
Ala
Elkins
Union Gas and Water Company
Morgantown
Rhode Island Perkins Horse Shoe Company
Rhode Island
Joplin
Boston and Maine Railroad
Massachusetts Railroad Commissioners
United Railways Investment Company of
International Silver Company
Indianapolis
Indiana
Port of
Beech Creek
New York Stock Exchange
Money and Exchange
THE
London Market
Hia Rapid Transit
Bria Steel
Philadel
United Gas
American Rys
American Cement
Cambria Iron
Cambria Steel
Ins. Co
N. A
Lehigh Valley R. R
Marsden “Western
Norfolk
Philadelphia Elec
Philadelphia Co
Philadel. Rap. Transit
Southern Railroad
Susquehanna Steel
United Cos. of
United Gas Imp Se
Union Traction
Boston Stock Market
Outside Securities
Houston
Usta
Ater
Erna
Les
Val
Eni
New Amsterdam Gas
N.Y
Syracuse Gas
Syracuse Light
Brooklyn Ferry
Hoboken Ferry
Hoboken
Union Ferry
Washington
General Fund
Esnesa Eveses Ee
Uae
Ness
Leow Tees General Fund
Uns
Consol
Det
U. Ry
Diamond M
Atedin
U. H. Oc
Homestake
Ipower
Siwar
Ale Jet & Chi
Aera
E. & W. Sane
el. R. L Pr
St. L. Aia Feae
B. Pf
Pf. m. R
Lexien
R. R
DPR
F. B. Pf
Rere
D. Co
I . Ou Tire
Nas
Adams
Alb
Alle
Allis
A A. c
Lin Co
Ann Arbor
Ann
Pili
Butterick Co
Mor. Nat. Nat
Pittsburg Transactions
Pittsburg
leSeast
Brewing
Tor Fy
Pittsburg Coa Aa Eenee
Pittsburg Coal Pf
River Coa Aewaweeenee
River Coal
Allegheny Trust
Fidel. & Trust
Safe Deposit & Trust
Trad. & Merch. Bank
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