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Newspaper

New York Times

Location

New York, New York, United States of America

Date

Jun 20, 1901

Page

10

Stock Exchange Notice of 1901 Reorganization Exchange

Voting Trustees of the St. Louis and San Francisco Railroad announce that stock trust certificates must be exchanged for capital stock on July 1, 1901. Holders must present certificates to Continental Trust Company of New York, 30 Broad Street, for exchange. Dated New York, June 18, 1901.

St. Louis and San Francisco Louis Fitzgerald J. Kennedy Tod Isaac N. Seligman Siegmund Alsberg James A. Blair Benjamin P. Cheney Samuel C. Eastman Charles 8. Gleed Continental Trust Company City OF New York Broad Street New York John A. Stewart Samuel CC Eastman Exchange of Stock Trust Express Continental Trust Co City of Willard V. King

Missouri Pacific seeks stock increase and rights issue

The Missouri Pacific Railway Company calls a special stockholders meeting for June 26 1901 to authorize a capital increase of 30090000 dollars. Stockholders may subscribe for 15 percent of holdings at par until July 18 1901 with warrants mailed after July 5 1901. Subscriptions require installments 25 percent by July 1 1901 and 75 percent by August 1 1901. Certificates issued after full payments, with scrip for under 100 dollars. Escorte details follow.

Philadelphia City Hall United States Samuel H. Ashbridge Missouri Pacific Railway Company St. Louis Missouri George J. Gould A. H. Calef Broadway New York Missouri Pacific Railway Co

Hocking Valley Railway Declares Common Dividend

The Hocking Valley Railway Co announces a dividend of one and a half percent on common stock from current year earnings after providing for a 4% preferred dividend. Payment to be made July 20, 1901, to holders of record at the close of transfer books June 29, 1901. Books close 12 noon June 29 and reopen July 22 at J P Morgan & Co.

Hocking Valley Railway Co Columbus Ohio Messrs. J. P. Morgan & Co Wall Street New York J. P. Morgan & Co WM. N. Cott

Semi annual dividend declared on preferred stock

A two percent semi annual dividend from surplus net earnings is declared on the companys preferred stock. It will be paid July 20, 1901 to stockholders of record at close of business June 29, 1901. The preferred stock books close at J P Morgan and Co New York at noon June 29 1901 and reopen at 10 AM July 22 1901.

The Trust Company of America Broadway New York Raymond J. Chatry New York Central and Hudson River Railroad Company NEW York and Harlem Railroad Company George S. Prince the Securities Company Wall Street Andrew J. Miller Colonial Trust Company St. Paul Building Edmund L. Judson Singer Manufacturing CO Hocking Valley Railway Co Columbus Ohio J. P. Morgan & Company WM. N. Cott General Chemical Company Broad Street James L. Morgan

Northern Pacific declares 1 percent dividend

Northern Pacific Railway Co. announces a net earnings dividend of one percent on its common stock payable August 5, 1901. Record dates apply in New York and Berlin with books closing July 12 and reopening July 25 1901. Secretary George H. Earl signs.

Northern Pacific Railway Co New York Messrs. J.P. Morgan & CO Deutsche Bank Berlin Northern Pacific Railway Company George H. Earl

Metropolitan Street Railway declares mid year dividend 1.75 percent

The Metropolitan Street Railway Company of New York announces a dividend of 1.75 percent per share payable July 15 1901 to holders of record June 26 191. Transfer books close June 26 and reopen July 16. Also notices from Norfolk Southern, Atlantic Trust Co and The New York Air Brake Co announce similar quarterly and extra dividends payable July 1901 to stockholders of record in late June and early July 1901.

St. Louis First Mortgage Memphis First Southern Railway Company Broadway New York D. Lankford Washington D. C Metropolitan Street Railway Co METROPOLITAN STREET RAILWAY_ COMPANY of Charles E. Warren Norfolk & Southern Railroad Co Atlantic Trust Company Wall and William Streets New York City

Mercantile Trust declares regular and extra dividends

The Mercantile Trust Company announces a regular dividend of five percent and an extra five percent on capital stock. Dividends are payable at the company office on the first proxime. Transfer books close June 24 and reopen July 1 1901. Ernest R. Adee secretary.

Mercantile Trust Company Broadway Ernest. R. Adee New York

Dividend Declared by National Broadway Bank

The Board of Directors declare a semi annual dividend of six percent free of tax payable July 1 1901. Transfer books close June 19 1901 at 3 pm reopen July 1 1901 at 10 am. CHAS J DAY cashier.

Merchants’ Exchange National Bank of City of New York A. S. Apgar National Broadway Bank New York J. Day Garfield National Bank Columbia Bank Fifth Avenue Forty-second Street W. S. Griffith National Shoe and Leather Bank John I. Cole the National Bank of the Republic Charles H. Stout

Dividend notices from multiple banks and railways in 1901

A compilation of 1901 notices declares quarterly and semi annual dividends from Garfield National Bank Wells Fargo Columbia Bank National Shoe and Leather Bank East River National Bank The National Bank of the Republic Tennessee Coal Iron and R R Co Alabama Steel and Shipbuilding Company Hanover National Bank Williamsburg Trust Company and related transfer book closures and payment dates. It also includes a lost stock certificate notice for Northern Pacific Railway Company.

American Telephone declares dividend and leadership change

The American Telephone Company directors declare a regular quarterly dividend of 1 1 4 percent and an extra dividend of 1 2 1/2 percent. President pro tem Cochrane resigns and Frank P. Fish is elected to fill the vacancy.

American Telephone Boston American Telephone Company Today

Banks Prepare Large Gold Shipments to Germany and Abroad

National City Bank planned to ship $500 000 in gold coin to Germany. Heidelbach Ickelheimer & Co. and Kuhn Loeb & Co. arranged $500 000 and $250 000 in gold bars at the Assay Office for shipment. Late in the day the bank reported $1 000 000 packed for export but amount to send overseas undecided.

National City Bank Germany Heidelbach, Ickelheimer & Co Kuhn, Loeb & Co

American Cotton Company re elects board in Jersey City

At the annual meeting in Jersey City yesterday the Board of Directors was re elected. James G. Cannon was re elected Chairman of the board and Albert C. Case was re elected President.

The American Cotton Company Jersey City James G. Cannon Albert C. Case

Treasury Bond Purchases

The Secretary of the Treasury bought 243000 dollars of 4 percent short term bonds at a cost of 1138704.

Treasury Washington Secretary of the Treasury

Tidewater Steel Company Elects New President

George McCall of Dick Brothers was elected president of the Tidewater Steel Company yesterday, succeeding the previous leadership. The appointment signals a strategic shift for the company as it pursues expansion plans.

Tidewater Steel Company George McCall Dick Brothers

Financial Markets Update on Stock and Bond Activity

The report shows year to date and prior year stock and bond totals with detailed line items. It notes money rates for collateral loans, and lists numerous stock and bond names with modest changes, highlighting advances and declines across major issues.

Chicago Gas Trust Faces Quash of Suits and Growth

Chicago Gas Trust era consolidation reports strong 1897-1900 gains for People's Gaslight and Coke Company awaiting city approval to quash most suits while maintaining a franchise payment structure. 1900 sales reach 7.43 billion feet with gross earnings 9.09 million and net 4.64 million. dividends steady at 6 percent.

Chicago City Council People’s Gaslight and Coke Company Ogden Gas Company People’s Gas Company Comany

NYSE elects Barbour Cammerer Black as new members

W D Barbour of W D Barbour Co A A Cammerer of Lazard Freres and John A Black are elected members of the New York Stock Exchange Each pays 60000 for his seat and an application has been made to place them on the roster.

W. D. Barbour W. D. Barbour & Co A. A. Cammerer Lazard Fréres John A. Black New York Stock Exchange

Market Movements Reflect Tight Money Pressure and Gains

Traders faced a tight money environment as shorts rushed to cover amid expected mid-summer investment demand. The day saw a heavy open, a mid-session rally led by Union Pacific and St. Paul, and selective advances in Linseed Oil, American Tobacco, and other names, with notable drops in Colorado Fuel and Missouri Pacific amid market rumors and earnings reports.

Securities Auction Results From New York Real Estate Salesroom

Adrian H. Muller & Son sold a large assortment of securities at auction at 111 Broadway New York. Items include Metropolitan Street Railway Company 18 shares at 173 percent, City of New York 6 percent Assessment Fund Stock due 1910 with accrued interest, and Hecker Jones Jewell Milling Company 6 percent bonds due 1922. Numerous bank, gas, railroad, and mining shares and corporate bonds were listed with varied prices and hypothecations.

Adrian H. Muller & Son New York Broadway Metropolitan Street Railway Company St. Louis and San Francisco Railroad Company Small Hopes Consolidated Mining Company Bank Clerk Co-operative Building and Loan Association Brooklyn Acdaaierme Music Bedford Riding Academy New York Produce Exchange City of Baltimore and Ohio Singer Manufacturing Company National Bank of Commerce American Surety Company Union Trust Company American Exchange National Bank Produce Exchange Bank United New Jersey Railroad Stuyvesant Insurance Company Hecker-Jones-Jewell Milling Company Brooklyn City Railrod Company Brooklyn Union Gas Company Bay State Gas Company Parce Markeen Copper Company Brooklyn Wharf and Warehouse Company Adirondack League Club Consols Lawyers’ Title Insurance Company North American Trust Company Lawyers’ Mortgage Insurance Company Home Insurance Company Trust Company of America

Cambria Steel Stock Backed in Reorganization Plan

Rumors circulate that Virginia Carolina Chemical Company is gaining support as Cambria Steel announces a large majority of shares already assigned to the proposed reorganization plan.

Cambria Steel Company Virginia-Carolina Chemical Company

Wall Street Stock Movements And Corporate Advances

Chicago dispatches report intensifying activity in Southern Cotton Oil Company stock, with control stakes at 120 percent. American Can Company securities expected to list in New York by August. Mount Vernon Woodbury Cotton Duck pool extended from July to January. Memphis Car and Foundry contracts 2,000 freight cars for Eastern roads. Crucible Steel builds three 600 ton furnaces at Clairton for 3,250,000 dollars. Seaboard Air Line bonds to be only good delivery after next Monday as certificate exchanges near completion. Extra dividends declared by Mercantile Trust, American Telephone and Telegraph, and Boston Electric Light. Denver and Southwestern Railroad curb listings expected to join regular exchange soon. Amalgamated Copper increases capital from 75,000,000 to 155,000,000 in Trenton filing.

Committee On Securities of the Baltimore Stock Exchange Seaboard Air Line

Money on call and mercantile paper rates and exchanges

The report lists money on call at 41 percent and time money at 3 to 4 percent for various terms, mercantile paper rates up to five and a half percent, and a Clearing House statement showing exchanges at 297,388,086 with balances of 10,528,774. London money on call at 1 1/4 percent, discount at 2 9/16 percent short and 2 29/16 percent for three months. foreign exchange firmer with posted and actual business rates for sixty days and demand. Continental bill quotes and New York exchange rates are given alongside city premiums and discounts in various markets.

Mercantile Paper Treasury London Reichsmarks Guilders New York Chicago Boston New Orleans Charleston Savannah San Francisco Cincinnati

London Market Sees Abundant Money Despite Ascot Races

June 19 London financial report notes abundant liquidity as government disbursements expected to renew loan payments. Market dullness persists with Ascot Heath races drawing crowds away from trading. Consols steady while rail and staple stocks show mixed moves. American and Canadian issues drift, gold and silver quotes listed with premiums and discount rates.

London Ascot Heath Stock Exchange New York Atchison Canadian St. Paul Illinois Central Louisville Union Pacific New York Central Erie Pennsylvania Reading Northern Pacific Grand Trunk Anaconda Rand Mines United States Steel Mooney Buenos Ayres Madrid Lisbon Rome

Paris Market Opens With Mixed Activity on June 19

In Continental Centres Paris trading started indecisive with irregular prices. Foreigners weak, rentes steady while Spanish tours and Brazilians fluctuated on unfavorable exchange. Rio Tinto rose on a rumor Amalgamated Copper may absorb certain American mines as the day closed steady.

Paris Rio Tintos Copper Company London

Market Reports From Berlin and Madrid

Berlin notes a quiet Beerse session with irregular prices and firm home funds while Americ an markets linger dull. Transvaal rails rise on bear covering and electrical ventures drag industrials. London exchange at 20 marks 40 pfen nigs. discount rates show short bills at 2% and three months at 3.84%. Madrid quotes gold at 40.32.

Berlin Transvaal London

Baltimore stock dealings show United Railways lead market advance

The Baltimore market centered on United Railways with bonds and stock rising, Seaboard preferred rallying, and broad buying across issues. Transactions totaled 22,366 shares and $310,500 in bonds, with notable activity in Maryland Brewing, Consolidated Gas, and Western Maryland among others.

Baltimore United Railways Group Seaboard Preferred Bull Mercantile Trust International Maryland Brewing Pf United Railways Consolidated Gas Seaboard Escreee Sasenee Mae Western Maryland MD. Casualty Trust Maryland Trust Fidelity Fidelity & D. Trust Georgia & Ala. Pf South. & F United Railways Inc City Passenger Norfolk Ry. & L Maryland Steel Maryland Brewing

Philadelphia Prices Slip as Market Opens Lower

The Philadelphia stock market opened dull with prices generally down from yesterday. Cambria declined in the forenoon but partially recovered, Electric Company of America fell amid merger doubts with American Railways, Union Traction closed net 4 lower, Welsbach Light gained then retreated, Electric Storage fell for common while preferred rose, and Asphalt of America rose on a rumor about a Venezuelan trust claim dispute. The local money market remained listless.

Philadelphia Cambria Electric Company of America American Railways Company Union Traction Welsbach Light Asphalt of America Fives Venezuela Call

Also Mentioned on This Page

Hanover National Bank Capital Nassau St Oita National Bank Colonial Trust Company Capital Paul B’ld Washington Trust Company Stewart Building Bankers’ Cards Bank & Trust CO P. J. Goodhart & Co N, Y. Stock Exchange Wall ST Henry Clews& CO Broad St Y. Stock Exchange W. 34Th St Waldorf Std Cor B’way Silk Worth Thomas St Hudson S T Merc Court St Brooklyn Edward Smith & Go Bankers Cedar Street the Bourse Fifth Street Giembers New York Phila New Fouroe Brooklyn Telephone Geo.h. Prentiss&co Ealers Local Securities Montague St N. Y. Stock Exchange Simon Borg & CO Investment Securities FE. Mead & CO N.Y N. Y Dominick Jacob Berry , CO Consolidated Stock Exchange Stoppani & Hotchkin New York Cine A Stock Exchange Broadwa New York Telephone Aes Cortlandt N. i. Cor Necistae 30Th St New Orleans & Western Railroad Company A. M. Poole Albemarle & Chesapeake Canal Company Central Trust Company of New York Trust Company George Sherman H Cutter Robert L. Harrison Jas. M. Edwards Consolidated Railway Electric Lighting and Equipment Company Colgate Hoyt Colgate Hoyt & Co Charles E. Quincey & Co A. O. Beebe Robert L. Cutting Blair & Price THOS Cook & Son 28Th St. & B.way, N. Y the Trust Co. of America Ashbel P. Fitch William H. Leapp William Barbour Henry .S. Manning Albert L. Banister Lawrence O. Murray Brown Brothers & CO SUE International Ape Med Trust Company Oe Street New Yocanes of Credit For Foreign Travel W. Young Luther Code James Timpson Arthur Turnbull Wm. H. Baldwin, Jr Frederick O. Barton C. Ledyard Blair Dumont Clarke G. Cc. Cuyler Waar Ubrich Eleta Ee 3d Xander Phillips DI Samue Charles D. Dickey William P. Dixon Robert A. Granniss G. G. Haven, Jr Charles R. Henderx ERS Clark Williams William P. Elliott Richard M. Hurd Calvert Brewer Nager Foreign Department D. Babcock Gustav E. Kissel Luther Kountze Charlton T. Lewis Richard A. McCurdy Robert Olyphant Charles M. Pratt Mortimer L. Schiff James Timpson Eben B. Thomas George W. Young St. Louis and San Francisco Philadelphia City Office of the Mayor Metropolitan Savings Bank Ore Institute York Jonathan B. Currey Edward Sherer Missouri. Pacific Railway CO New Jersey Geo. J. Kobusch St. Louis Car Co Z. W. Tinker Columbia Brewing Co James H. Gay John Gay Sons Edw H. Cloud J. K. Tillotson H. B. Hays A. L. Norman Pneumatic Horse Collar Co American Pneumatic Horse Collar CO Broadway, New York Green Consolidated Copper Art R Brenton Cook Drexel Bldg Rock Island & Pacific Railway Co Chicago, Ill E. Hayne R. D. Lankford Washington, D. C United Traction and Electric Company N. J S Cc. S. Sweetland Clarence Morgan New York Air Brake Company John C. Thompson Wells Fargo & CO H. Parsons Rio Grande Western Railway Co Walter Hinchman Procter & Gamble Company D. B. Gamble Sec East River National Bank Z. E. Newell Tennessee Coal, Iron and R. R. Co Alabama Steel and Shipbuilding Company Hanover National Bank N. Y. City L. T. Beegher Williamsburg Trust Company W. Addison Field Alic J. Lambert Amsterdam Avenue the Financial Markets Stock Transactions Rohn U Pigeas C. O Pacific Mail Sents Am Snuff People's Gas Canada South S. Car Chi Alton G. W. Pf Rep. Steel Rep. Steel Pears Southern Railway Del Tenn Coal & I Den Rio Gr Stbe & AV R. G. Pf City Gas Union Bag & P Ly, Gas & el Ber. Co U. S Wih Mo Wis Central Pf J. & M. sMorgan’s L. & T BOC Wabash Deb Col Oth” ‘Ag West. Union Tr. Louis, & Nash Bond Manhattan St. P J. Central Tobacco THIN Brunswick Es Yaad Rio Grande W Buff Ly & P Wis I Chi Great West Agist Ll. & S. F TwintCity Union & P Int Power Iowa Chicago Gas Trust Mutual Fuel Company Hyde Park Company People’s Gas Universal Gas Company Hugh Stock Exchange News Denver and Southwestern Securities Colorado Colorado Fuel United States Steel Corporation Tennessee Coal Adams Express Delaware and Hudson Lackawanna Iowa Central -Preferred Minneapolis Twin City Missouri Pacific Louisville and Nashville Texas Pacific Chicago Great Western Chicago and Eastern Illinois Hernsheim Tobacco Company Atchisons Steel Trust Toledo Western Wisconsin Central Roswell Miller Southern Cotton Oil Company American Can Company Mount Vernon Woodbury Cotton Duck Company Memphis Car and Foundry Company Crucible Steel Company Pittsburg Clairton American Telephone and Telegraph Company Boston Electric Light Company Denver and Southwestern Railroad Amalgamated Copper Company Trenton Money and Exchange London Market Baltimore Stock Dealings New York Times
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