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This newspaper page contains 12 articles. Subscribers can read the full text of each article.

Newspaper

New York Times

Location

New York, New York, United States of America

Date

Jun 06, 1900

Page

10

Wheeling & Lake Erie Offers Bond Exchange Plan

The Wheeling and Lake Erie Railroad Company proposes exchanging its First Consolidated Mortgage 4% Gold Bonds due September 1 1949 for Divisional Bonds of the Wheeling & Lake Erie Railway Company held with Mercantile Trust Company. Cleveland May 23 1900. Officials urge bondholders to exchange under terms stated.

Chas. J. Glidden Erie Company Cleveland Telephone Co Northwestern Telephone Exchange Co Southwestern Telegraph and Telephone Co Michigan Telephone Co Wisconsin Telephone Co Bell Bell Companies Cuyahoga Ohio Cleveland Minnesota North Dakota South Dakota Black Hills Texas Arkansas Duluth Michigan Wis Lake Erie Wheeling Division Toledo Belt Railway. Co Wheeling & Lake Erie Railroad Co Wheeling & Lake Erie Railway Company Mercantile Trust Co Mercantile Trust Company New York Wheeling & Lake Erie Railroad Company Toledo, St. Louis and Kansas City Railroad Company Continental Trust Company City of New York Toledo Broad Street City of N. Y John C. Havemeyer Herman O. Armour Richard B. Hartshorne Otto T. Bannard Morton S. Paton People’s Electric Light & Power Company Atlantic Trust Company William Street Borough of Manhattan John Alvin Young

Market Summary Of Bonds And Stocks This Year

The report lists bond transactions totals for the year at 1,000,000 and 264,451,560 compared with last year at 01,000,? and 503,086,170. It notes money rates for collateral loans at 1 percent on call, 2 percent at three months, and 3 percent at six months. Numerous industrial and utility stocks show varied percentages, with declines noted in several major names and a broad dispersal of percent figures across listed securities.

Erie Company

Market Conditions and Market Reactions to Pretoria News

Wall Street showed a weak overall market despite British Pretoria triumph and Atchison preferred moving to a 5 percent basis. Sugar Trust dividends were disputed with a price rise then drop as insiders manipulated pools in both stocks, while Sugar Trust kept business mystery and Pacific Mail issued a cautious bulletin. Carnegie Steel and Federal Steel policy hints stirred rival firms.

Pretoria Atchison Wall Street London England Atchison Securities Atchison Preferred Sugar Trust Pacific Mail Steamship Company

Atchison Declares 2 Percent Semiannual Preferred Dividend

The Atchison company directors confirm a 2 percent semiannual dividend on preferred stock for the year ending June 20, 1960, citing over nine million dollars in estimated earnings. The move spurred after-hours trading and a brief stock price rise driven by speculative activity.

Michigan Wisconsin

Pacific Mail Finances reveal large steamship costs

The report shows Pacific Mail has paid about 41.3 million toward two new steamers costing 4 million each year to date. With 2.672 million remaining and May receipts at 224 thousand, forecasts suggest 1.55 million more needed by launch time, fueling speculation of a forthcoming bond issue to cover the balance.

Sanitary District OF Chicago Board of Trustees Sanitary District Illinois Committee On Finance Security Building Z. R. Carter William Boldenweck Pacific Mail Pacific Mail Steamship Company Algoa New Port San Francisco London

Sugar's Dividend Sparks Rally Then Drops After Meeting

Sugar Trust common stock bulls predicted over 1 percent but dividend was declared at 1.44 percent. The stock climbed to 118 1/2 before the directors' report confirmed 1.44 percent for common and 7 percent for preferred, sparking a price retreat to 115 and a net daily loss on 68 000 shares. Arbuckle Brothers hiked Ariosa coffee to 12 1/2 cents a pound.

Sugar Trust Arbuckle Brothers

Street Railway Stocks Slide on Short-Seller Pressure

Street railway shares came under renewed pressure with sharp declines on light volume. No news sparked the weakness, though traders attributed the move to short selling, with insiders reportedly planning a quiet squeeze on shorts.

London’s Operations in Yesterday’s Market

London contributed little to the day’s market with under 15 000 shares traded, roughly split between buy and sell. Local operators expect improved London support today, hoping the British occupation of Pretoria will stimulate further speculation.

London Pretoria

St. Paul Company Posts Strong May Earnings

The St. Paul firm reported earnings of 1 087 330 for the fourth week of May, well above the prior year by 86 500, with Chairman Roswell Miller optimistic on the railroad and crop outlook.

St. Paul Contiglie Roswell Miller

Treasury debt conversion proves highly subscribed in Spain

Madrid reports strong demand for the new 5 percent redeemable stock with Spain subscribing 4.355 billion pesetas and subscriptions totaling 180 million pesetas, covering the issue more than twenty four times aside from Bilbao where demand remains high.

Madrid Spain Bilbao

Northern Pacific stock gains on dividend hopes

There was strong demand for Northern Pacific common stock yesterday amid belief that at the forthcoming Directors meeting the long discussed 2 percent semi annual dividend will be declared, placing the stock on a 4 percent basis. Earnings and the road’s position are said to justify the increase.

American Steel and Wire Co New Jersey Broadway New York F. E. Patterson Northern Pacific

Pig lead price cut by half cent a pound by ASRC

The American Smelting and Refining Company reduced pig lead by a further half cent per pound yesterday though demand remains limited. Company officials say the cut does not involve a loss to them.

American Smelting and Refining Company

Also Mentioned on This Page

Financial Directory National Bank of Commerce Nassau St Hanover National Bank Nassau Bank Beekman and Nassau Streets Central National Bank Phenix National Bank Broad St Colonial Trust Company ST. Paul Bild'g Washington Trust Company Stewart Building Bankers’ Cards Brown Brothers & CO Philadelphia Boston Spelcer Kask & Co Bankers Pine Street Investment Securities New York Stock Exchange State St Albany Chester B. Lawrence Consolidated Stock Speeze 34Th ST Houston ST 23Rd St Stern Bros Alaska The Gorn Exchange Bank William and Beaver Sts William A. Nash Seresus Bran Spring St Wbdson River Bank Columbus Astor Place Vans Astor Lace Queens County Bank Borough of Queens A St Kountze Brothers Sankers Ceaar Foreign Exchange Nee Kerr & Co Pankers Hi Wall ST N. Y. Stock Exchange Biscal Graham. Kerr & CO Miuglas & Jones Bread St New York City C. W. Morgan & 60 Ud Stock Exchange Broadwi Us 40Th St. Phila Drexel Bldy Sth Chestnut Wall. Street Currier Barker Bankers and Grokers Consolidated Stock Exchange Park Row Cortlandt Commission Tel. Call Fred. H. Smith Robers Broad ST Nee Saher Con. Stock Exchange Bankers & Brokers York BEY Brooklyn Telephone New Dcal Securities Montague St Erie Telegraph & Telephone Company OLD Colony Trust Company Mass ERIE APH and Telephone Company Charles E. Adams Lowell John Jacob Astor John C. Burke Albert B. Chandler George Crocker San Franci Frank A. Cutting Frederick A. Farrar Harrison E. Gawtry M. H. Gelshenen Charles J. Glidden Wesley A. Gove David S. Greenough William J. Latta Martin Maloney James H. Mills Charles W. Morse Daniel O’day Asa C. Russell Levi Sprague Frank Tilford Chas. S. Tuckerman Harvey A. Whiting Wilton N. H Henry R. Wilson United States Erie Companies iIncludes Frie Messrs. Wilson & Stephens Wall St Erie Telegraph and Telephone Company Henry A. Piper John G. Johnson Messrs. Storey Thorndike & Palmer Wilson & Stephens H. W. Poor & Co Devonshire Street Boston, Mass Townsend Whelen& Co Toland Brothers & Co Walnut St South 5Th St Levi P. Morton Thomas F. Ryan James K. Corbiere H. M. Francis W. Redmond Cross Erugene Bevaret H. B. Berry George IF. Baker Edward J. Berwin Frederic Cromwell James B. Duke Henry M. Flagley G. G. Haven Joseph C. Hendrix Abram S. Hewitt Walter S. Johnston Augustus D. Juilliard Joseph Larocque D. O. Mills Richard A. McCurdy W. G. Oakman George Foster Peabody Samuel Rea Elihu Root John Sloane William C. Whitney A. Wolff Ralrealty Po Henry Mongenthau Hugh J. Grant T. Stalknecht W. J.B. Mills Ernest Ehrmann Frederic P. Olcott James Stillman Anthny N. Brady Alwyn Ball, Jr John D. Crimmins Michael Coleman Henry Office OF the Robert Blickensderfer Maitland Louis Mesier Adrian H. Muller & Son Atlantic Mutual Ins. Co American Exchange Natl Mechanics Bank of the Republic Bank of Commerce Iron Steamboat Co Fred R. R. Guar P. c Fred. & Pot R. R Lake Shore & Michigan R’way Co Gansevoort Bank New Jersey Zinc Co Westchester Trust Co Guaranty Trust Co Alfred E. Owers Shoe Co., Ltd Pfd Farmers’ Loan and Trust Co Bleecker St Fulton Ferry R. R. Co Western Natl. Bank Central Trust Co New Amsterdam Casualty Co North American Trust Co J. F. Manning & Co Louis Hend St. Louis City Banks City Bank Towa & Dakota R. R St. Louis & Hannibal Ry. Co San Diego Cuyamaca National Sugar Refining Co Reitze Stern & Schmidt Exchange Place Toledo, St. Louis & Kansas City Railroad Company Joseph F. Haas Chicago, Ill Buffalo Hump Mining Company Cedar Street E. J. Barney Edwin Packard Thomas 0. Callender Geo. W. Young F. J. Kilner Manhattan Fire Alarm Company Barclay Street BE. S. Allen National Park Bank of New York Edward E. Poor Richard Delafield George S. Hickok Farmers’ Loan and Trust Company Samuel Sloan, Jr Real Estate Trust OD OF Nassau Street Henry C. Swords H. H. Cammann H. W. Keighley Haskins & Sells Certified Public Accountants Central Trust Company of New York Metropolitan Ferry Company Virginia Hollins Pennsylvania Railroad Company J. C. Sims Lehigh & Wilkesbarre Central R. R N. J Sutro Bros. & CO Outside Securities David Pfeiffer Wall. St New York & Honduras Rosario Mining Co WM. H. Power American Beet Sugar Company J. E. Tucker National Steel Company F. S. Wheeler Union Bag & Paper N. Y. Sun the New York Times Brooklyn Wharf and Warehouse Henry A. Whiting Brooklyn Wharf and Warehouse Company the Financial Markets Stock Transactions Pressed Steel Chi. G. W. Pf Pr. S. Car Consol. Gas Rep. I. & Steel Paper Union Bag & Pa. Pt Evans. & T. H Federal Steel Pf Gas & el., Ber. Co Hocking Valley Steel Hoop Hock. Val Laclede Gas Manhattan Met. Street Ry B’klyn R. T Nat. Lead Canadian Pacific Nat. Lead Pf Chi. & East. Ill Nat. Chi. G. W. Pf Nat. Col. Fuel & Iron Cok Del City. Gas B’klyn W. & W Penn Ann Arbor St. J G. I Eeerlees & W Carnegie Steel Federal Steel Burlington, St. Paul, &c Eace ST. Paul’s
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