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Newspaper

New York Tribune

Location

New York, New York, United States of America

Date

Dec 23, 1902

Page

4

Market closes with mixed securities and steady foreign rates

Yesterday's closing prices show varied gains and losses across active securities led by AT&TS and Reading cen 4s with modest changes. Foreign exchange remained steady with London call money at 4 percent and Berlin rates easing, while government receipts and Sub Treasury balances were reported for the day.

New York Boston Baltimore—Exchange Sphia Chicago London Berlin Berlin Exchange Paris Paris Exchange Madrid Lisbon Buenos Ayres Washington National Bank Sub-Treasury Clearing House

New York Daily Tribune Market and Rail News 1902

The New York Daily Tribune reports on unsettled markets with consols slipping to 92 or 2 percent, lower Paris and Berlin exchange, and London and Berlin money demand. It notes Vanderbilt meetings likely formal, New York Central earnings and stock details, and money moving to New Orleans for the sugar crop. Wabash Missouri Pacific and Baltimore and Ohio updates mention dividend plans and locomotive demand rising to January 1904.

New-York Daily Tribune Paris Berlin London Bank of England Amalgamated Copper Anaconda American Lee Atchison Common Brooklyn Rapid Transit Baltimore and Ohio Chicago Colorado Fuel and Tron Delaware and Hudson Erie First Louisville and Nashville Manhattan Missouri Pacific New York Central Northwestern Norfolk and Western People’s Gas Reading First Republic Steel Rock Island St. Paul Southern Railway Southern Pacific Sugar New-Orleans New Orleans New York Missouri Pacific Railway Company Loree

Wall Street Stocks Show Broad Gains Amid Bull Sentiment

Strength and activity marked yesterday's markets with many advances in early trading. Out-of-town long accounts surged and brokers reported growing bull enthusiasm while some profit-taking and short selling appeared. Analysts foresee a possible set back before year end but no heavy liquidation.

Wall Street Congress New Orleans Sub-Treasury St. Paul Atchison, Reading United States Steel Gould Union Pacific Sugar Refining Amalgamated Copper Rock Island Rock Island Preferred Chicago

Government bonds and railroad bonds market update

Government bonds held steady with final quotations showing bids and asks. Rail bonds were strong with $5,013,000 par value traded, led by Atchison general 4s, Baltimore and Ohio gold 4s, Central of Georgia 4s, and several other rail issues.

EE Biswcotsose U.S. Ss U S U.S Atchison General Baltimore and Ohio Central of Georgia Chicago, Burlington and Quincy Chicago Rock Island

Money Market Rates and Exchange Noted

Money on call opened at 5 percent with a highest 6 percent and last at 6 percent, closing at 6 percent the ruling rate 54 percent. Time money quoted 6 percent for sixty to ninety days and 6 percent for four five and six months. Commercial paper quoted at 6 percent for sixty to ninety days and 6 percent for choice four.

Wall Street and Exchanges Foreign Trading Sentiment

Foreign houses traded about 6000 shares with selling on balance. There was some buying of stocks in London for New York account and local sentiment was bullish to the extent that it supported steady activity and cautious optimism.

Seoie New York City Beroughe The Bronx I Colonial Bank Columbia Bank Sec Fourteenth Street Bank Gansevoort Bank SOO Foo Hamilton Bank Mount Vo Bank Mutual So Sint Apparel Plaza Oe Loo Neice Cwamel Riverside Ward Yorkville Steve Washington Ae Fidelity Fee Haedons Jefferson Century Osagad Bank of Wash Heights Hee United National Esceee Cogorough of Brook ST. Tee Sey Bedford Broadway Brooklyn Elfth Ward Tow Trath Natal Nassau National Seventeenth Sprague National Twenty-sixth Richmond Staten Island First National Onveese Oy Hudsor Co. National MHP Eee Wall Street and Exchanges London New-York

Outside securities show broad gains on strong market turn

The outside securities market moved higher with most items advancing from Saturday’s close. Notable strength appeared in Northern Securities amid reports of a 5 percent basis next year, Standard Oil rising sharply, American Can and Seaboard Air Line gains, while International Mercantile Marine and copper shares softened or held firm amid modest activity.

Northern Securities Standard Oil Seaboard Air Line Hackensack Meadows Company North American Lumber and Pulp International Mercantile Marine Common Montreal Boston Tennessee Copper Greene Consolidated Virginia Coal and Cokers Chicago Indianapolis Louisville Bay State

Street Railroad Bonds

Street railroad bond data furnished by William E Nichols and Co No 15 Wall St and interest rates cited.

William E. Nichols & Co Brooklyn Fe Hehaken Escecan NY &Er Ferry Co Q.-M NY &Hf Union F NY & Stock Ny&wn R. L. Day & Co Nassau St Bost & Albany Boston & Me Boston New Atlantic Arcadian Bingham Fitchburg Cal & Hecla M. Td Nynh & H West End Franklin Tel & T Parrot Tel & T Co Quincy Specceon Tamarack Weseting Elec Wolverine Ps Ivs Mining Dom Iron & Stl Nen Dominion Coal Asket Tracy William E. Nichols Brooklyn Unicon Eater Brooklyn BS & FF RR TOG Subway Srr J.&j

Street Railway Companies

Street railway firms discussed in a Nichols & Co. summary from No 15 Wall Street. Details likely cover company status, expansion, or financial notes relevant to investors and urban transit pricing.

Railroad Earnings 1908 by Major Lines Summary

Railroads listing earnings and mileage details for 1908 with line names including Alabama Great Southern Cincinnati New Orleans and Texas Pacific Chicago and Northwestern Mobile Jackson and Mobile etc. figures cover mileage, second week in December and period July 1 to December 14, with totals for months and year-to-date amounts.

Alabama Great Southern Cincinnati New Orleans Texas Pacieto Chicago Northwestern Mobile Jackson and Central Twin City National Railroad OF Mexico

Also Mentioned on This Page

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