Stock Market Irregular Opens With Declines
Stocks opened with scattered gains then logged sharp declines as major exchanges report mixed closes. Financial flows show day totals of 4,234,640 with large Boston and Chicago exchange balances, while foreign money markets cite London call rates at 3 percent and Paris and Berlin discounts in similar ranges. Sub treasury records show a daily deficit of 41,471 with year to date receipts surpassing 517 million against 476 million in expenditures.
MENTIONED IN THIS ARTICLE
Boston
Philadelphia
Chicago
London
Berlin
Berlin Exchange
Paris
Paris Exchange
Madrid
Lisbon
Buenos Ayres
Washington
Sub-Treasury
Clearing House
Market trends and rumors on Erie Goulds purchase
Stock values remained firm then dipped late as rumors swirled of Gould and Rockefeller interest seeking Erie control. Reports suggested Pennsylvania fear of a policy shift, though officials said Gould plans do not include Erie territory. Boston shares rose on short-covering while utilities advanced. gold shipments neared $5 million and sentiment shifted from weakness to cautious optimism about a stock market rebound.
MENTIONED IN THIS ARTICLE
Pennsylvania
Erie
Gould
Rockefeller
United States
Goulds
Boston
Montreal
Twin City
St. Paul
Call Moner
Sterling Exchange
Wall Street
Golé
Europe
New York
Klondike
Alaskan
Government bonds market steadies with rail bonds higher
Market steady for government bonds with final iterations to follow. Rail road bonds show general gains as heavy dealings center on Atchison general 4s Atlantic Coast Line Central of Georgia second incomes Chicago Burlington and Quincy vs Chicago Rock Island and Pacific 4s Erie general 4s Mexican central first incomes Oregon Short Line 4s Pennsylvania convertible 7s Reading general 4s Union Pacific convertible 4s Wabash debentures and active Consolidated Tobacco 4s United States Steels.
MENTIONED IN THIS ARTICLE
Totel
Atchison General
Atlantic Coast Line Central of Georgia
Chicago
Burlington and Quincy
Rock Island and Pacific
Erie General
Mexican Central
Oregon Short Line
Penneylvania
Reading General
Union Pactic
Wabash Debentures
Consolidated Tobacco
United States Steels
Peaol
Ton Icpenieton
Fin
Ask. Re
Adams Alban
Allis Chalmers
Agr
Sramer Bicycle
Amer
Hide & L
Ieslaw
Mer Martin
Tel & Tel
Esmer Wooden
Ann Arbor
Atchison Onde Am
St Foundry Ees Cme
Pea
Ealt
Ohio
Boston
Kilyn UN Gas
Os Brunswick Waees
Buff R & Pitts
Butterick Co
Aste
Central of NJ
Ches & Ohio
Chicago & Alton
Chief West
Lesan Apostles
iCh &T
Ev & Pitts
Col & Southern
Col & AC & Ir
Hudson
del Lack & W
Denv & Rie Gr
Denv & Southw
M & Ft D
Detroit Southern
United
KC S& M
Nash
Mir & St L
Pact
Bersy
Olk & West
Ann
Pacific Coast
ST St
OFN
Pern
Oauly Deeg Om
Peoria
East
Pan Ges & Coke
Pere Marquette
Philadelphia
Cc & St L
Sino
Pref. Ag Pftw& N
Rens & Sara
Iron & Stl
Rock Island Co
Rame Ww & Od
Jos & Gr
Louis Southw
Stnss-Sh St & Tr
Southern Pacific
Southern R R
Tern Coal
Texas & Pacl
Twin City
Trin Baz & P
iTrited Fruit Co
Union Pacific
Inust Co
Alge
Wells Fargo
Weet Union Tel
Wisconsin
Iron C & CI
Money and Exchange Market Notes and Rates
Money on call opened at 2 percent, with a 2 percent to 2 1/2 percent range. Time money quoted at 4 percent for sixty to ninety days, 4 1/2 percent for five to six months. Foreign exchange closed steady with various bankers’ rates in francs, guilders, francs, and marks. domestic exchange shows sight and telegraph rates across several cities. Bank clearings for New York reported at 22,226,7608 percent with balances near 10,466.
MENTIONED IN THIS ARTICLE
Tering Francs Reichemarke
Oy Guiicers
Ivess
Conredinnenmanse
Paris
France
Belgum
Wizerland Francs
Germens Reichemarks
San Francisco
Telegraph
Boston
Charleston
Cincinnati
Sevannah—Brving
Tom St. Louie
Ser Nerkom
Mienee Prem Bank Clearings
Treasury condition and securities at auction report
At Washington June 3 the Treasury divisions Issue and Redemption opened with figures: reserve fund gold coin and bullion. trust funds gold coin deliverable. silver dollars 1890 and 1890 bullion totals. Outstanding gold certificates $411,705,849. silver certificates $462,468,000. Treasury notes $19,977,000. General fund gold coin and pemmetees fsees weenie $156,000,000. Redemption $411,705,599. securities at auction $224,582.48. Yesterday Adrian H. Muller & Son sold several securities at the New York Real Estate salesroom including bonds of Corn Exchange Bank, Cincinnati Indianapolis St Louis and Chicago Railway, and various railroad and trust company issues. ranges from $2,900 to $110, etc.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Eliver Olla
New-York
Real Fetate
Adrian H. Muller & Son
Corn Exchange Bank
Saoteeet
Cincinnati
Indianapolis, St. Louis
Chicago
First Consolidated
H.mnopathic Mutual Life Insurance Company
Seaeewee Yes
Needville
Chattanooga
St. Louis
Fourth National Bank
Moton Trust Company
Ideal Mining and Development Company of
Arizona
SOREN
Peoria and Pekin Union Railroad
Mortese
Eqriabie Trust Company
Greenbrier Railway Company
Chesapeake and Ohio Railroad
Bulletin Treasury
National United States
Bia
Ace American Elevated Co
Amer. Light & Trac
Amer
Valley Co
CORB
Americas
American Bank
American
Pine
Sooneoce Am
Press Association
American Palace Car
Ie Am
Ship Building Pt
Soda Foun
Soda
Leo Wesesee
Biss E. W. Co
Bliss E. W. Co
Celluloid Company
Chesebrough M
R. R. Ter. Etc. Co. Se
Faa
Columbia Elec. & Mfg
UN. Water Co
Jas
Water Co
Empire Steel
Empire Quicksilver
Impire Steel
Zadzst Empire
S. Sugar A Oeeeen Tai Empire
S. Sucar
Hudson River
Herring H. M. Co
Herring
H. M. C Co
Herring HM. Co
Stetson
B. Stetson
Lamston
Maine S. S
Maine S
Madison Man Ia Markeen Copper- Mergenthaler
Stevedore
Dominion & Oppenheimer Institute
Bess &Éul
Penn
Pratt & Whitney
Procter & Gembile
Procter & Gamble
Safety Car Heat & Securities Co
Simmons Hardware
Simpson—Crawford Co
Singer Mfg. Co
Wee
Mill. Co
Sterling Copper
Swift & Loee
Weller Co
Weller
Trenton Potteries
Trenton Pot
Trenton Polding Cris
Trow
New
Union Switch & Signal
Union Typewriter
Chi Sf Ux
C. Ss. Lumber
U. Ry. of
Tsrcoc
Mas
UC. S
Wash
Estinghouse
Railroad And Other Stocks Report Day Sales
Daily market update notes total sales of 682,602 across railroad and other stock categories. Unspecified exchange or date details accompany the figure.
Wall Street Summary of Foreign Trading and Bond Market
Foreign houses traded quietly with little volume in New York as stock markets showed featureless activity and easier money in Europe. The report notes strong copper stocks in London, a cautious bond market with high grade railroad issues supported, and specific moves in Pennsylvania shares and Detroit and Mackinac dividends. It also highlights earnings trends for gas firms, rising anthracite output, and executive shifts at Mercantile and Equitable Trusts.
MENTIONED IN THIS ARTICLE
London
Berlin
Atchison Common
Brooklyn
First
Louisville and Nashville
Manhattan
Missouri Pacific
New York Central
Norfolk and Western
Metropolitan Street Railway
Pennsylvania
People’s Gas
Reading First
Rock Island
St. Paul
Southern Railway
Southern Pacific
Sugar
Tennessee Coal
Union Pacific
Tied States
Steel
United States Leather
Wabash
Western Union
Canadian Pacific
Ced
Hocking Valley
Pennsylvania-Vanderbilt
Waldorf-Astoria Trust Company Stock Reaches New Level
Stock were sold at auction yesterday at 54 dollars a share. The company plans reorganization and will be known as the Waldorf Astoria Trust Company. Its stock last summer ranged from 45 to 26 dollars, with a high of 26.
MENTIONED IN THIS ARTICLE
Waldorf-Astoria Trust Company
American Car and Foundry Company Faces Record Year
The forthcoming annual report will show the last fiscal year the most prosperous in the company’s history. Gross sales are expected to rise substantially, with a corresponding increase in cars manufactured. Company leadership includes experienced industry men connected with consolidated firms, with President Eaton noted for practical knowledge of all departments.
MENTIONED IN THIS ARTICLE
American Car and Foundry Company
Car and Foundry Company
Eaton
May price index shows mixed changes across commodities
Dun's index for a consumption basket shows 98.996 on June 1 against 98.561 prior month and 111.168 a year earlier. May saw wide swings in many goods, yet overall net change small. Breadstuffs rose then fell, meats declined as season advances, cotton gained, pig iron weakened, with cereals reacting to flood damage and opening June prices below recent peaks. The latest date, May 1, June 1, and year comparisons illustrate varied movements across food, clothing, metals, and miscellaneous items totaling 295,561, 101,168.
MENTIONED IN THIS ARTICLE
Dun
Deiry and Garden
Western Union Sees Limited Losses From Pole Destruction
The Wall Street Journal reports Western Union s open loss at 1000 dollars with total property value at 330000. By June 1903 Western Union operated 19 115 miles of poles and 1 023 984 miles of wires. 925 poles and 10 216 miles of wire destroyed. Potential suits loom between Western Union and Pennsylvania Railroad over damages.
MENTIONED IN THIS ARTICLE
Pennsylvania Railroad
Pennsylvania
New Jersey
West Jersey and Seashore Railroad
Western Union
United States Supreme Court
United States Circuit Court
Pennsylvan
Heavy gold exports from Assay Office to Europe
Gold engagements for export today include Amourt Lazard Freres Heidebach Ickelheimer Goldman Sachs Kidder Peabody Baring Magoun G Amsinck L von Hoffmann. Total shipments include 450.70 to G Amsinck and 256,115 to L von Hoffmann for Germany while 3,030,469 heads to Paris. Gold leaves on steamships Deutschland and La Savoie.
MENTIONED IN THIS ARTICLE
Europe
Amourt
Lazard Freres
Heidebach, Ickelheimer & Co
Goldman, Sachs & Co
Kidder, Peabody & Co
Baring, Magoun & Co
G. Amsinck & Co
First Manhattan Dividend Rental Declared by IRT
Interborough Rapid Transit directors authorized a 1 percent dividend on Manhattan Railway Company stock for the quarter ending June 30. This first rental dividend is on leased property, with plans for a further 1 percent on the year's final quarter, totaling 7 percent.
MENTIONED IN THIS ARTICLE
Interborough Rapid Transit Company
Manhattan Railway Company
Manhattan
Interborough
Mexico Railroads Rise Amid Foreign Investment Drive
The National Railroad of Mexico shows April gains with gross up 805,457 and net up 193,068, continuing January increases. A government stake is planned to back one of Mexico's great enterprises, aiming to curb foreign resentment and ensure sustained modernization of rail links.
MENTIONED IN THIS ARTICLE
National Railroad of Mexico
National Railroad Company of Mexico
Government of Mexico
Mexico
Taree Orannstione
Gantam
Carderd
Naeethia
Market Tone Firms as Outside Securities Rise
The market for outside securities showed a decidedly firmer tendency, with traders noting a stronger mood. Volume appeared to pick up as prices moved higher, supported by steadier demand and cautious optimism among investors.
Market slips dented by heavy selling in tool shares
Opened down nearly 1 percent but firm inside support helped a rally of about 3 percent from the day’s low. Chicago Pneumatic Tool under heavy Western selling fell about 3 percent from yesterday’s close. Dut recovered around 2 percent from its low. Copper shares showed irregular trading with little inquiry for bonds. Eight hundred International Rubber changed hands at 44 46 4 percent, United States at 3, and Combination Rubber and Beijing 6s at 1 percent.
MENTIONED IN THIS ARTICLE
Pennsylvania
Probst, Wetzler & Co
Clark, Dodge & Co
Detroit
Mackinac
Divi
Light and Coke Company
Boston
E. H. Gay & Co
Congress Trust Building
Congress St
Mercantile and
Equitable Trust Companies
Alvin W. Krech
Mercantile Trust Company
Equitable Trust Company
Wiliam T. Cornell
Krech
New York
Union Pacific
Baltimore and Ohio
Wheeling and Lake Erie
Krechrow
Equitable Life Assurance Society
James H. Hyde
Equitable Life Assurance of
United States
Gustave Loeb
Newst
Holgers
United States Shipbuilding Company
Trust Company of the Republic
Eydence
Chicago
Beijing
Street Railroad Bonds Declared by Nichols Co
William E Nichols and Company at 15 Wall Street furnishes details on street railroad bonds and interest terms. The notice outlines bond offerings and related financial terms for investors.
MENTIONED IN THIS ARTICLE
Wiliam E. Nichols & Co
Walley
William E. Nichols & Co
Csncesee J. & J. Ai
Isi
Ma&n
Wall St
William & Nichols & Co
Hoboken Ferry
Perry Co
NY & NJ
Also Mentioned on This Page
Ga 24 Inc
North Pac
Oregon
L&w
North West
Seradian Pac
Readingah Hee & Ohio
Baty Chic & Altan
Chie Gt West
E Cman P
Is & SF
Col @ Seah
Southern Ry
Tenn C & L
Ns Consul Ges
Texas & Pacific
de! & Budson
Ifwina CR
I Erie
Gen Electric
Union Pac
Central
U S
Louis & Nash
Aic Ss
Stee Sim Maexrhettar
Missouri Pac
MsPpass
EK & T
Wis Central
Astes
Ita
Toby
Emi
Aed
THE
Stock Exchange
Eeessene
MK & Toft
BC R & NX
Nor & W
Ist Inc
Iowa
Psom Thom
Atensees
É& M
Oman
Wwe
Tony
City
Rierk
Amfrican Securities Abroad
Federal Treasury
Amer- London
Nation Pac
Paul
Wits
Moon's Cental
Toric & Nach Twas
Servork Central
Perneyivania
Resdine
Turien Pacific
Pat Sweet
A. Webash
Natonal
Current Mobiliz Jew Emece Ee
International Power Company
Consolidated Exchange Sales
Paes
Amal_ Copper
Para
Hie Gt West
Chie
M & St P
Col Fuel & Iron
Col Southern
Brie Weet Neee
Louien & Nash
Met Street
Me Kan & Tex
Mis
Ae Pacific
Naiona
Nat's R R of M
Ont & W
Bay
Norfolk & West
Pennania
Ing
Green
Ing. Est. i
Chollar
Comstock
Cai
Imperial
Daly Ia
el Paso
Ae ii
Isabella
Mexican i
Wall Street and Exchanges
American Car and Foundry
Dun’s
Wall Street Journal
First Manhattan
Outside Securities
Valley
Asma Am
Inter Rap Tran
Kitch
Majestic von
Manbat Transit
le Bay
Ry Co
Calif
T.ane
Land
Transwacee Casein Co
A. Ww
North Securities
Otis Eiev
Centrary
Roy & P Com
Il Electric Boar
Seatoara Air L
Elec & Com
Lemans
Lead It
T Louis Trans
Union Copper
Gold Hill
Tenn Copper
Greene Con Cop
United Copper
Hacken Mead
Mer Marine
Ferry Companies
Atlantic Ave
Liem Crosstown
Bklyn C & Newtn
Coney Island
Oney Island
Calvary Cem & G
Wasat Gpt
Lorimer
Grand St
Jamaica
Sea Beach
Yonkers St Ry
Met St Ry