This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!
This newspaper page contains 23 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 24, 1903
Page
10
A tepid day in the financial markets closed with notable moves as Colorado Fuel jumped to 60 percent then pared gains. Metropolitan rose on a suit dismissal while concerns about unearned dividends persisted. Gold exports rise, boosting fears over currency stability amid ongoing monetary policy debates and foreign demand.
Shares activity shows a year to date total of minus 79,990,011 with a corresponding date last year of 86,257,005. The data reflects stock transactions, emphasizing large negative movement and a prior year comparison.
Bond transactions show $1,630,000 in activity for June 23 and $326,495,350 year to date. The corresponding date last year recorded $474,870,000 in total bond dealings.
Books close for several firms including American Smelting and Refining Co. and Westinghouse Electric and Manufacturing Co. Listed entities also include Metropolitan Trust Co. Metropolitan Street Railway Trinity County Gold Mining Co. and United States Cast Iron Pipe and Foundry Co. Also noted Morris and Essex Railroad and Revere Rubber Co with annual meetings.
Traders on the floor and stock brokers voiced disgust at the lack of business and inability to cover office expenses. The Exchange scene was extremely dull with brokers wandering and blaming the weather and the public for the stagnation. Some hopeful observers say a rising market will attract the public once the psychological moment arrives, aided by professional movement. The steady absorption by investors is shrinking the floating supply of good securities, suggesting an early move, while shorts show less courage, hinting real stock is scarce.
The report notes upbeat moves in several stocks led by Colorado Tuet and Union Pacific with modest turnover. Prices recovered much of prior declines as brokers said advice did not expand available supply or trigger notable stockpiles after hours.
The Street anticipates upward moves in Morgan stocks such as Erie Reading and the Steel Trust as Mr Morgan may favor prices after his Europe departure. Pennsylvania rights selloff faded, Granger issues benefited, and Standard Oil buyers reportedly supported Copper and St Paul. Colorado Fuel seen under buy by Gould and Standard Oil, with fewer shares offered to shorts.
The first hour traded about 98 000 shares followed by 22 000 21 000 37 600 and around 150 000 in the fifth hour, nearly matching the four hours before. The late surge lifted the list causing tape sharps to interpret it as a positive sign.
London operations yesterday remained small with not more than 7000 shares traded, split evenly between purchases and sales. Private cables say London is hopeful on the outlook but awaits a lead from this side. Buyers of Steel Trust stocks expect Schwab’s resignation announcement any time, while Standard Oil interests helped place some late buying orders.
Boston dispatches report at a special meeting of stockholders that directors may propose a $500000 increase in capital stock to raise the total to $1,000,000. The session is set for June 30.
Philadelphia reports last week oil shipments to foreign markets totaling 8,769,716 gallons. Since January 1 shipments reach 159,999,465 gallons, down 75,000,000 from the same period last year. Tacoma advices note the American China Development Company seeks franchises to build electric railways in Canton and trunk lines.
The report notes a campaign to control trolley lines in Cumberland Maryland and nearby areas and to extend lines toward Johnstown Pennsylvania creating a broader regional system. It also cites a large weekly rise in New York Port exports, and confirms Boston banks and the Stock Exchange will close for Hooker Day observances.
Money on call rates ranged from 1% to 2% with the last loan at 2% per cent and most loans at 214 per cent. Time money rates showed 4% to 5% across sixty days to seven months. Mercantile paper marked 5% to 6% for various terms. New York Clearing House balances stood at $15,041,765 with total exchanges of $205,777,094. Foreign exchange weakened with nominal Tey days at $4.85145 and demand at $4.874. actual 60 day and demand quotes noted. Various international rates for francs, reichtsmarks, and guilders provided. Domestic exchange centers displayed mixed premiums and discounts across major cities.
The Times reports a quiet money market in London with weak discount quotations and dull stock exchange tone. Australia sent 5 000 sovereigns to the Bank while South America withdrew 10 000. De Beers diamonds fell further and mining settlements showed smaller open accounts.
Money demand improved in London for Block Exchange settlements ahead of quarter and half year ends. Discounts firm, foreign exchanges modestly favored London, gold demand softer for Germany. In New York trading, mining carryover kept activity quiet while several blue chips posted varied closes.
Paris stocks opened heavy with later weakness and active trading. Rio Tinto led gains among others while three percent rentes traded at 97f 20c for the account. London exchange at 25f 14c. Berlin prices declined with New York and Vienna influencing sentiment and exchange at 20 marks 40 pfennigs for checks. Discount rates stood at 2 percent for short bills and 3 months bills at 4 percent.
New York exchange prices closed with an 85 cent premium. Time and call loans stood at 4 to 6 percent. Trading on the Exchange was light. West Chicago weakness appeared with shares at 60, while consolidated bonds rose 1 half point. Can-Preferred and Biscuit held steady. Edison stock fell about 4 points to 7.
Boston reports a dull stock market with little demand and steady money markets. Call loans range around 3 to 4 percent, mercantile paper at 5 to 6 percent, and New York funds at a small premium. clearing balances total 1.56 million and 20.43 million in clearings. Sterling rates fall as Dominion issues draw attention after the 2 percent declaration.
Closing quotations for stocks show bids and asks across issuers. Prices and percent changes appear for entities such as National Lead Quicksilver Det Homestake and Westinghouse, with figures detailing bid and asked values and related percentages.
Exports of merchandise from the Port of New York for the week totaled 10,405,678 dollars, up from 7,872,492 the prior week and 9,41,937 in the same week last year. Cumulative exports since January 1 reached 245,055,042 dollars versus 234,990,963 in the prior year’s period.
Bar silver was quoted in London at 45 16d per ounce and in New York at ho per ounce. Mexican dollars were quoted at 41 43e. On the Consolidated Exchange 500 shares of Anaconda Gold sold at 0.16, 100 El Paso at 0.60, 500 Isabella at 0.17, 500 Moon Anchor at 0.13, and 400 Small Hopes at 0.35.
Creditors filed for bankruptcy in the United States District Court in Chicago as Edwin Potter was appointed receiver for the United States Locomotive Corporation and Torbert & Peckham. The Hammond Indiana plant is tied to assets around 300000 dollars with liabilities unknown. Peckham denies involvement and says he is solvent while working for the Wabash Railway in Pennsylvania.
Mayor Low gave formal approval to the New York Central yard and terminal change plans, following Board of Estimate approval last Friday. He received the Aqueduct Commission report on the Jerome Park Reservoir matter but withheld it, promising a careful review and later public release of a digest.
We want people to find what they are looking for at NewspaperArchive. We are confident that we have the newspapers that will increase the value of your family history or other historical research. With our 7-day free trial, you can view the documents you find for free.
People find the most success using advanced search. Try plugging in keywords, names, dates, and locations, and get matched with results from the entire collection of newspapers at NewspaperArchive!
You can also successfully find newspapers by these browse options. Explore our archives on your own!
Browse by location and discover newspapers from all across the world.
Browse by date and find publications for a specific day or era.
Browse old newspaper publications to find specific newspapers.