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This newspaper page contains 32 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 27, 1902

Page

12

Financial Markets Review of Stocks and Bonds

The report notes stock and bond activity with June 26 figures. Stock transactions show year to date totals and prior year comparisons for individuals like Ted and Peter, while bond figures include year to date totals and prior year totals. Money rates are listed for collateral loans on call and various maturities with percentages. Net changes highlight several stocks and bonds with small percentage movements.

Ted F Eee Weet Peter Ace

Market movement shows mixed activity on Wall Street

Stocks swung by as much as a point yesterday with about 290000 shares traded. St Paul led activity with nearly 75000 shares, while Missouri Pacific gained over a point on around 27000 shares. Pool involvement by George J Gould and John D Rockefeller Jr driven moves in scule ter and Union Pacific. Southern Pacific tied to Union Pacific plans. overall brokers report dull offices and limited trading as pros pursue small profits, with no clear direction.

St. Paul Missouri Pacific Southern Pacific Union Pacific

St Paul Directors Meeting Boosts Stock Before Clarification

The St Paul Directors announced an afternoon meeting and hint of an important statement. Traders pushed St Paul stock up nearly two points to a multi month high as shorts covered on the gain. After adjournment there was no statement to issue and only routine business discussed. The system’s earnings remain gratifying.

St. Paul

Missouri Pacific Tip Fails to Deliver in Day Trading

Early in the trading day Missouri Pacific was touted to rise sharply, with shorts squeezed and a strong move expected in the final fifteen minutes. The stock advanced briefly but faced long stock selling, then steadied before the close, ending up 1 1/2 points on 26,000 shares. Gould interests remain optimistic about the system's future.

Missouri Pacific Gould

Rains Break Texas Drought Boosts Cotton Prospects

Reports confirm rains in Southern Texas ending a weeks long drought. Official forecast predicts continued rain tonight and tomorrow across the state, aiding crops especially cotton, with Cotton Exchange prices easing. Texas Pacific stock shows strength on the Stock Exchange.

Texas Cotton Exchange Stock Exchange Texas Pacific

Wall Street Reads Reports of Hrio and Ontario and Western

Wall Street shows elevated interest in yesterday published reports concerning Hrio and Ontario and Western, with investors noting potential impacts on stocks and rail operations. The items draw attention to the two companies' earnings outlooks and regulatory developments.

Wall Street Hrio Ontario

Coal strike impacts May figures across rail lines

For May, Ontario and Western show a gross drop of 122 760 and net decline of 78 407, while Erie logs a gross drop of 320 240 yet a net rise of 6 400. The Erie gain stems from a nearly 327 000 cut in operating costs, marking an eleven month net increase of 1 844 330. Coal stocks moved irregularly yesterday with better buying than selling.

Ontario and Western Erie

Grass Twine Company Elects New Directors at Annual Meeting

Jacob Rubino and Robert H Tod elected Directors of American Grass Twine Company succeeding Herbert Myrick of Springfield Massachusetts at the annual meeting. The fiscal year will end December 31 instead of May 31 with annual meetings on the first Tuesday in March. Quick assets exceed liabilities by 1,000,000 and treasury stock has been sold at 60 a share. Entire 15,000,000 capital stock now outstanding. Grass Products Company promoted with 1,500,000 capital to build Glendale Saint…. Grass Products to receive 1,200,000 in Grass Products stock for using American patents.

Jacob Rubino Robert H. Tod American Grass Twine Company Herbert Myrick Springfield Mass Treasury Grass Products Company Glendale S. 1

Market Ends With Broad Gains Amid Mixed News

General stock market rose across most issues though dealings stayed restricted. Strong crop news spurred Granger shares while Southern Railway and Louisville and Nashville posted higher earnings. Copper Trust and Sugar shares moved notably, with Sugar showing initial gains but later decline. Western Union fell on news of a new contract between Pennsylvania Railroad and Postal Telegraph.

Chicago and Eastern Tinion Pacific Atchison, Rock Island Northwest Canada Southern Granger Southern Railway Louisville and Nashville Southern Boston Steel Trust Western Union Pennsylvania Railroad Pennsylvania

Payments for new gold reach Sub-Treasury total

The Sub-Treasury, having not yet paid for Klondike gold heading to the Pacific Coast, disbursed $294,000 yesterday for incoming gold. San Francisco gold accounted for $264,000 and Seattle gold for $30,000.

Sub-Treasury Klondike Pacific Coast San Francisco Seattle

Steel Foundries Organized Under New Jersey Laws

The American Steel Foundries Company, formed recently, was organized yesterday under New Jersey laws with 20 million dollars of authorized capital stock split between cumulative preferred and common shares. Only about 15.5 million preferred and 15 million common stock will be issued to pay six subsidiaries and add cash working capital. the rest stays in treasury for future cash or property value. The firm plans to take control around July 15. The announcement notes plant owners accepted stock instead of cash, reducing cash needs and avoiding underwriting, with guarantees by C. M. Schwab E. H. ary and Max Pam.

American Steel Foundries Company New Jersey Messrs C. M. Schwab E. H.ary Max Pam

New Directors Elected At American Car and Foundry

At the annual meeting American Car and Foundry elected W. G. Oakman Thomas H West Adolphus Bush and H R Duval as new Directors The retiring Directors were George Hargreaves L J Cox F E Canda and C R Woodin The other Directors were re elected A report that a consolidation with Pressed Steel Car Company and two or three others had been discussed was officially denied.

American Car and Foundry Company W. G. Oakman Thomas H. West Adolphus Bush H. R. Duval George Hargreaves L. J. Cox F. E. Canda C. R. Woodin Pressed Steel Car Company

Toledo Traction Stock Listing Sought by Railways and Light Co

Application filed with the Stock Exchange to list 12 million dollars in capital stock of the Toledo Railways and Light Company. The firm, once part of the Everett-Moore Syndicate, was recently acquired by New York capitalists led by Kean Van Cortlandt Co.

The Stock Exchange Toledo (Ohio

American Railway Switch Buys Six Acres Near Depew

Buffalo dispatches report the American Railway Switch Company has purchased six acres of land near Depew for a new plant. The deal signals expansion in the regional rail infrastructure sector and may create local jobs as construction proceeds.

Buffalo Dispatches American Railway Switch Company Depew

Baltimore syndicate plans 75 mile railroad extension to Pamlico Sound

A Baltimore syndicate proposes extending the Suffolk and Carolina Railroad seventy five miles to Pamlico Sound with branches to Eden town and Elizabeth City in North Carolina.

Baltimore Suffolk and Carolina Railroad Pamlico Sound Edentown Elizabeth City N. C

American syndicate seeks Peking to Niu Kiang railway concession

Reports from Victoria British Columbia state an American syndicate with capital of 20 000 000 taels has applied for a concession to build a railway from Peking to Niu kiang China. The group is understood to be planning a 1 250 000 traction system for use with Westinghouse Electric and Manufacturing Company equipment.

Victoria B.C Peking Niukiang China Ing Christ Westinghouse Electric Newmed

Directors of Merchants Trust Company declare stock fully paid

Dispatches from Kansas report that Swift Packing Company and the Kansas City Mexico and Orient Railway plan stock yards at Harlem across the Missouri river.

Merchants’ Trust Company of Philadelphia Kansas

Money Rates on Call and Time Money in Market

Money on call mostly 2 to 3 percent with most loans closing at 2 and 3 percent. Time money quoted at 4 and 4.5 percent for sixty to ninety days and four to six months. Mercantile paper rates listed around 4 1/2 percent.

Mercantile Paper

Exchange rates and UK and continental currencies quoted

Clearing House figures show exchanges at $227,435,981 with balances of $12,784,740 and a Sub-Treasury debit of $297,226. Morey on call in London at 2% per cent. discount. foreign exchange eases slightly with posted sixty day at 4.86 and demand at 4.8814. Continental bills quoted francs, reichsmarks, guilders with small premiums and discounts. various domestic centers show premiums and discounts for bills and telegraphic sight.

Clearing House Sub- Treasury Morey London Reichsmarks Guilders New York Chicago Boston New Orleans Charleston Savannah San Francisco

Paris Market Report Sees Mixed Activity On Quiet Day

Paris notes a steady yet mostly inactive session as London markets closed. Spanish 4s show demand, routes and kafirs steady with favorable King Edward health reports. Three per cent rentes at 101f 72.4c account. London exchange 251 174c for checks. Spanish 4s close at 81.73.

Paris London Stock Exchange Edward Exchange London

Market notes from Berlin and London June 26

Berlin prices were heavy with internationals steady and banks dull Transvaals weaker Italians and Spaniards firmer London exchange at 20 marks 47 pfen nigs for checks Short bills at 1 percent and three months bills at 214 percent Gold premiums listed for Buenos Aires Madrid Lisbon Rome and other cities by London officials

Berlin Transvaals London Ae Buenos Ayres Madrid Lisbon Rome

Bank of Germany weekly statement shows mixed changes

BERLIN June 26 The Imperial Bank of Germany weekly statement lists cash in hand up 17 020 000 marks treasury notes up 180 000 marks other securities down 3 640 000 marks and notes in circulation up 16 980 000 marks.

Berlin Imperial Bank of Germany Treasury

Bank of France weekly statement shows mixed asset shifts

The Paris Bank of France report for the week indicates notes in circulation fell by 9 350 000 francs while treasury accounts rose by 37 725 000 francs and gold on hand increased by 4 250 000 francs. Bills discounted climbed by 108 273 000 francs and silver on hand grew by 1 650 000 francs.

Paris Bank of France Treasury

Bullion and Mining Prices and Market Quotes

London gold settles at 24½d per ounce while New York quotes 52c. Mexican dollar at 4.24 and 4.31 cents. Consolidated Exchange trades include Breece at .70 and Iron Silver at .85, Isabella .30, Little Chief .13, Mexican .50, Ophir .05, Potosi .23 among other listings.

London New York Consolidated Exchange Breece California Virginia Pane Potosi San Francisco Alta Alpha Andes Belcher Best & Belcher Cal Imperial Gould Julia Justice Kentucky Lady Washington Ophir Eee Overman Cep Weretase Eneressenere St. Louis Ee Union Utah New York Times Colorado Springs Col Gardner & Co Battle Mountain Fanny Rawlings Keystone Lexington Little Bessie Mollie Gibson Moon Anchor Mary Cashen New Haven Renee Pinnacle Eereeeeenee Setae Wena Tor

State Banks Report Sharp Decline in Resources

Albany June 26 Superintendent Frederick Kilburn of the State Banking Department released the banks of state showing resources and deposits down since March 12. Total resources fell from 395,324,626 to 363,038,711 a drop of 32,285,915 with deposits decreasing 28,764,071 and surplus down 723,973.

Albany Frederick Kilburn State Banking Department Iinet Pean Senna United States State of New York

Wobcke Told To Leave Consolidated Exchange Firm

R H Wobcke a member of the Consolidated Exchange firm Theodore S Meyer Co was ordered yesterday by the firm managers to sever ties The stated reason unsatisfactory trading methods circulated that the firm name resembled Theodore Meyer Co of the Stock Exchange Meyers brother Arthur L Meyer is linked to Webb Meyer syndicate Wobcke had partnered with Theodore S Meyer in January Their offices were at 52 Broadway The move mirrors a prior NYSE action against Charles Stokes and Carley Stokes Co with Francis Carley linked to the Monetary Trust and Stokes leaving immediately

R. H. Wobcke Consolidated Exchange Theodore S. Meyer & Co Stock Exchange House Theodore Meyer & Co Wobcke Theodore S. Meyer Mr. Stokes

Shipyard Combine Capital Increase Still Under Review

D L R Dresser of the United States Shipbuilding Company said yesterday that the capital of the company had not been increased but that an increase was under consideration. He refused to discuss possible amounts. A published report claimed the increase could total 25 million dollars.

Chicago Quotations and Swift & Co. Stock News

New York exchange quoted at 25 cents premium with time and call loans 4.5 percent. Local stock trading dull with little change. Swift & Co. stock sold at 124 soon after opening, about four points below yesterday, amid curb demand spurred by unconfirmed reports Armour & Co. takeover of Anglo-American Co.

Chicago New York Exchange Swift & Co Anglo-American Company Armour & Co. Have

Packing firm deals hint at divide among giants

Secured control of the Omaha Packing Company suggests two large firms will split Fowler Brothers holdings. Swift & Co. already dominates Libby, McNeil & Libby and major stockyards. Armour and Swift build in Fort Worth while sharing East St. Louis stockyards with Nelson Morris. The Cudahys and Hammond firms also run multiple plants.

Omaha Packing Company Fowler Brothers Swift & Co Libby, McNeil & Libby Chicago Packing Company St. Joseph Sioux City Armour and Swift Fort Worth Texas Nelson Morris S. Louis Cudahys Hammond American Can American Shipbuilding P Chicago Title Trust Chicago City Railway National Biscuit Chicago Chicago Canal & Dock Lake Street National Biscuit Pf Northwestern Elev. Pf West Chicago Railway Swift & Cos

Boston stock market steady as copper stocks lift tone

Boston June 26 There is no change to record in the money market Clearing House rate 3 percent New York funds 5c premium call loans 3 to 4 time money 4 to 5 Clearing House exchanges 17 556 091 balances 1 486 324 The copper stocks were distinctly stronger today under the head of Amalgamated and the market in general was better in tone The close was very firm Complete transactions were as follows.

Boston New York Amalgamated New York Times Philadelphia Philadelphia Rapid Transit Philadelphia Company United Gas Improvement Indianapolis Street Railway Ost Mercantile H. Low American Railways Cambria. Iron Cambria Steel Lake Superior Catawissa M. & St. Paul Diamond State Steel of Io Elec. Co. of America Hunt. & Op Ee Hunt. & B Indianapolis Street Lehigh Valley Lehigh Navigation Minehill Company Pennsylvania National Asphalt Mat Philadelphia Electric Philadelphia ‘Traction Philadelphia Rap Reading T. c Iron & Steel Southern Railway St. Louis Southwestern Union Traction United

Outside Securities Show Mixed Action in Outside Market

A sizable set of stocks traded in the outside market yesterday with modest totals overall. Northern Securities and a few recently active issues led gains while most listings moved little. The eight point drop in United Railways Company of San Francisco bonds weighed on sentiment and trading ceased for San Francisco group issues.

Northern Securities United Railways Company of San Francisco

Closing quotations for government bonds and stocks

Closing quotations list prices for various government bonds and stocks with many entries showing fractional or odd figures. Names include Consol Coal, Detriot United Ry, Pullman, Kan & 41, Westinghouse, and Westinghouse. The odds suggest no transactions in certain items and mixed bid and asked statements.

Also Mentioned on This Page

the Financial Markets Stock Transactions Ice West Union Chi Eh & SL N. Y N. H St & W Stand Shige Calope Ilowa Centra Anaconda M. Aeeeeere Neesaee Ohio Canada South Nash. C. & St Canadian Pacific People’s Gas B. Ill E. Ill St. L S. F St. P Setae Wee c & N Weekese Sloss-Sheffield RI & Pac Southern Ry Cole- H.-C & Desa Texas & Pacific Seeeee Consul Ceeeees Den R. G City Gas Union Pacific Ee Commission House CAR and Foundry Directors Toledo Money and Exchange Bank of Germany Bank of France Statement Bullion and Mining State Banks’ Statement Boston Stock Market Igh Atchison Wisconsin Central Pf Tel New England United States Steel United States Steel Pe Lu Satcagiqn Creeseescees Ascheia Ae Calumet Heds Mercureet Aie Daly West Cseceeveses Dominion Coal Isle Royale Secseeess Yi Quincy Srannon Trimountain Trinity C.s.s United States Oil Winona British Columbia Seaboard Atlantic Coast Line Atlantic C. L Consolidated Gas Canton .Company B. S. Brewing Electric L. & P. Pf United Railways & E Maryland Casualty Seeeere Old Town Howard Bank Seaboard Ry Elec. Inc United Rys Guy & S Wash Potomac Ry tinitea Wiede_P Cgbs. Brewing Ist G. B. S. Brewing Inc Pittsburg Transactions Pittsburg United States Steel Pf Crucible Steel Crucible Steel of Esseeee Amer National Fire Proof National Fire Proof Pf Pittsburg Coal Traders & Medh Commonwealth Trust i River Coal Mon Phila, CO Westh Elec Colonial Trust Weeee Real Estate Trust Pittsburg Brew Outside Securities Mount Morris Bank Ptock Trust of the Republic Kirby Lumber Company Houston Oil Company Houston Oil Neree Company Hide & Leather Hide & Leath Light & Traction Light & Trac Bay State Gas California Copper Camden Land Central Foundry Gold Hill Greene Cons Hackensack Meadows Havana Commercial Havana Commercial Pf Manhat W. i Mine Securities Montreal & Bost N. Eng. Transportation Royal Bak. Pond Sa Se Standard Oil Syracuse Lighting Tennessee Copper Trenton_ Potteries Union Copper United Copper Eae UN. Gas & el N. Ss N. J Rys St. L. Pf Universal Tobacco Iron, Coal & Coke Honda Detroit AN. E. Gas & Coke S. Steel New American Tobacco Borden British Exchequer Camden & Trenton Ry entral _Fireworks Central Fireworks Champion Mutch Aeeeere Chie Peo. & St. L Rubber Tire Stern Rubber Tire Son Consolidated Tobacco Continental Tobacco Distil. Co. New Stock W.i Dominion Securities Cooee Ce Saleen” Ee Impire Quicksilver Mpire Steel Aennene Erman Apnational Power York Lum Ae O Dec Evansv I Bess Lake Erie Louis Transit Ooard Air Line Seaboard Air Line Simpson-Crawford South, Light & Tr Eewaee Seeereres tefft-Weller Weewee Ae Trenton Potteries Union Typewriter Enna Tinion Typewriter Virginia I., C Brooklyn, B Brooklyn, B. ._E. 58.102 — Brooklyn City R R Medoart Centre Park Ph. N Wrens Sas Columbus Railway Con. Traction of N. Con Eighth Avenue Railroad M.& St.n.av Geanue R. R North Jersey St. He Jersey St. W San_Francisco San Francisco A Sec Av. R. R. Concels Sixth Avenue R Steinway R.R. Co. Ist Syracuse Rapid Transit Syracuse Rapid Art Toledo Ry Union Railway Ry. & Electric Ry. & Electric Pf American Light & Trac Hak Amer Light & Tr. Pf Buffalo Gas Buffalo Gas Pf Neha Central Union Columbus Newark Denver Denver Gas Indianapolis Sear Mass. Gas Cos Mass. Gas Cos, Who Was MU My Mass. Gas Cospf New Amsterdam Gas New Eng. Gas & Coke N.Y. & E.R. Gas Co N.Y. & E.R. Gas Co. Con Northern Union St. Joseph (Mo Wess St. Pauli Gas Standard Gas Sika Syracuse Lighting Pf Silvesveese Cans Gas Gas & E. of Treasury Balances Washington General Fund Eeenee Treasury Eeerge Aeesee Euteeee Ghia Total Aia Great Western Evansville & Indianapolis Evansville & Terre Louisville & Nashville Nash Chat St. L. T Chesapeake & Ohio International & Geestones Kanawha & Micer NEW York Stock Exchange Smallon Minn St Ry Adams Express K &T Top Santa Ato Rime Pac Trust Cere Me & St L Y. Cent Ewes River L S Col Balt & Ohio Gould Ac Scout Aso B&g Cbi Penn Eading Jers M & South Setoto V&n South Ist Consol Tob Sanaee Asso Rio Texas & Pac Col Trust Penn Col Trus Union Pac South U S Louisville Nashv Minn & St List Clevie D. S Com. Cable Consol. Coal Det UN. Ry Toltet & Ok Kan K. C. Bol Pullman "Co St. Spr Sar Zio W. & C R. T Vu. S Cee U. Ss. L. Pf W.F Westinghouse Wa King. & P G. Pf Lake Shore Long Island Man. Beach Adams M. El-R.& Hi Pf A Vanna A. L. Co A. M. Co M. Pfee Am. Snowft N. Cent- C W Co W. Co M. Ist Bruns City Dock Wera Kgs Soo Seach Sa Butterick Co Rth T. Min Ec. Const Chi St. P Margre M & Om T & Ft F. Pe Azsel
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