New York Tribune Newspaper Archives, Jun 9, 1900, p. 22

Stock Declines Pressured by Crop Reports and Rail Shares

Market mood soured as crop reports weighed on agricultural stocks while railroad shares trended lower. Bond prices fell and money markets showed delayed responses amid broad selling.

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Wall Street Bearish Amid Crop Reports and Iron Market Signals

Speculation showed sharp declines on light volume as stocks weakened across most sectors while grain markets faced crop damage news. Berlin and London trading suggested limited foreign activity. steel and traction shares fell, with readings showing cautious optimism in iron and steel supply prospects as prices may stabilize.

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Wall Street London Granger Missouri Pacific Baltimore Ohio Berlin Europe

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Government Bonds and Railroad Bonds Market Summary

Market steady for government bonds with final quotations. notable listings include 5 and 4s with various maturities, reg. and coupon details. Railroad bonds show weakness with total par sales at 1,182,000 compared to 1,569,000 Thursday, led by Atchison issues, Baltimore and Ohio Southwestern division, Central Pacific 4s, Chesapeake and Ohio 4s, and several others, along with Union Pacific 4s and Wabash debentures.

MENTIONED IN THIS ARTICLE

U. S Atchison Baltimore and Ohio Central Pacific Chesapeake and Ohio Colorado and Southern Mexican Central Norfolk and Western Reading General St. Louis and Tron Mountains Southern Railway Union Pacific Wabash Debenture Bs Wisconsin Central General Steel & W Bait & Ohio Brooklyn RT Ches & Ohio Chic Mij & St P Col Fuel & I Cent Tobacco Cable Crown Pe Comstock Sacs Imperial Ae Cal & Va Elkton New Louis & N Mo K & T Pf Mo Pacific Ophir Pacific Mail Pennsylvania O. Ik Thyroy Southern Pacific Tenn Coal & Irg Tnion Pacific Ing Ing. Bush

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London stocks rise on steady New York gains

American securities firmed as overnight futures improved from New York while prices held firm. Atchison led gains with shares around 284 and other names such as St. Paul 119 and New York Central 134 showed firming. Reading and Erie listed, with Northern Pacific preferred at 74 and Union Pacific at 76.

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London New York Atchison Canactta St. Paul Louisville Nashville Union Pref New York Central Pirie Reading Erie Northern Pacific Ansconda

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Money and Exchange Rates in Market Summary

Money on call the ruling rate at 14% to 31% with time money quoted at 2 46t percent for sixty days and 3 percent for three months. Foreign exchange shows firm market with Paris Antwerp and Berlin rates, bankers posted rates, domestic exchange data for New Orleans and other cities, and bank clearings for New York Philadelphia Boston and Baltimore. The report also notes London call money and open market discount rates along with silver market pricing and foreign securities values.

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Foreign Exchange Inigher Staty Dare OTE Cero Nier Teeeseeecc Cesses Sboe Pariarenee San Francisco Cincinnati Boston Parani Chicago Itc Louis Savannah Charleston New York Philadelphia London Berlin Berlin Exchange Paris Exchange Paris

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Gold premium figures from international mints reported

Raw data lists silver dollars and bullion prices in various cities. Madrid shows 2677, Lisbon 39.25, Buenos Ayres 129.70, Rome 2242. The note also mentions Baer silver in London and Sg gold premium.

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Baer London Madrid Lisbon Buenos Ayres Rome

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Stock market update and rail stocks noted

Unlisted trading gains noted with minor activity in railroad shares and other stocks. Brief market scan shows limited turnover and small price movements across several sectors.

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3000 CRI 43 1000 St te Mo Cc Cc & N W Deb 112 at

Debtor credits and cash counts noted at 112 in a fragmented record. Names, dates, and precise actions are unreadable in the OCR segment. The item appears to be a financial or debt entry from a paper page.

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Port of New York Trade Totals for June 1896 to 1900

Trade figures for the Port of New York show entries and market throws across years 1896 to 1900. The week ending June 8 1896 records entered at the port and market throws totaling 1.8 million and 1.28 million respectively, with subsequent January 1 totals for entered at the port and thrown on the market climbing toward 58 million.

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New York

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Treasury daily balance and receipts report June 8

Washington reports the Treasury divisions balance sheet with reserve fund gold coin and bullion totals of 150 million, redemption division assets 729.9 million, and issue division gold certificates outstanding 280 million. Receipts for the day run 1.843 million, year to date 530.066 million, with expenditures 1.505 million. Sub-Treasury shows a weekly receipts 28.227 million and payments 27.297 million, net gain to banks 2.908 million.

MENTIONED IN THIS ARTICLE

Washington Treasury United States Wewereccees Tee Cesceeesee Castetesges Seeetesees National Bank Sub-Treasury Clearing House General Treasury

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Wall Street Figures and Stock Quotes in Turbulent Market

The market closed steady with Standard Oil at 546 550 and other leaders showing varied levels. Havana Commercial, Baking Powder, Bay State Gas, Markeen Copper, Amal amalgamated, Amsterdam Gas and Rubber Goods traded in narrow ranges with several preferreds quoted. Stock loan quotations covered major issues including American Steel and Wire, General Electric, Northern Pacific, Southern Railway, and Consolidated Gas. UNION BAG AND PAPER president noted.

MENTIONED IN THIS ARTICLE

Standard Oil Havana Bay State Markeen Amalgamated Amsterdam America New-York Transportation American Steel and Wire People’s Gas General Electric New-York Central Northwestern Northern Pacific Rock Island St. Paul Union Pacific American Tobacco Manhattan Pennsylvania Delaware and Hudson Tennessee Coal and Iron Southern Railway Louisville and Nashville Jersey Central Brooklyn Rapid Transit Federal Steel Atchison Chicago Burington and Quincy Consolidated Gas Missouri Pacific Third Avenue Sugar Refining Continental Tobacco Western Union National Steel Union Bag Rae Perioa Askea American Bank Tore Ss$ Amer Amer Ameri Hide & Lea Amer Tide & Leather Caiss Ba State Gas British Columbia Celluloid Company O Ches, & Pet Tel Cen Ames Chesebrough Claflin CH. B Claflin H. B Consolidated Equipment Fireworks Co Distilling Co. of America Distilling Co Electric Vehicle Co Electro-Pneumatic Hoboken Land Hudson River Werner Rees J. B. Stetson B. Stetson Madison Sq. Garden Markeen Copper Mosler National Enamel National Gramophone New-England_ T Otis Elevator Old Dominion S. S and Penn A&o Pitts Bessemer & Ww Procter & Gamble Pratt & Whitney Simmons Hardware Singer Mfg Co Simmons Aaraeers Gable Tennessee Copper Trenton Potteries Trow U. S Union Switch & Signal Union Steel & Chain Serneve Union Steel & Chain Union Typewriter Etna Il Union Typewriter Aé&O UC S. Glass Com U S. Glass Westinghouse Worthington

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Union Bag and Paper Directors Set June 1 On Preferred Stock

Union Bag and Paper Company indicated the priority at the upcoming directors meeting in this city on June 1 will be action on the preferred stock to declare the usual 1 percent quarterly dividend. No action expected on common stock. Hocking Valley directors may postpone any dividend decision until July. Crop reports show satisfactory conditions along the Rock Island road with prospects for larger yields. wheat damage noted in northern territories. Union Pacific optimistic about crop prospects. Silver exports include 390,000 ounces aboard steamers to Europe. A New York Cotton Exchange seat sold for 3000 dollars. another bid at 3150, amid anticipated growth from new uniform commission rules.

MENTIONED IN THIS ARTICLE

Union Bag and Paper Company Hocking Valley Hocking Valley Company Rock Island St. Louis San Francisco St. Paul Northwestern Union Pacific Europe United States Metal Selling Company Cotton Exchange New York Cotton Exchange

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Market Movers in Readings and Rail Stocks Yesterday

Principal buyers and sellers dominated yesterday's market with I and S Wormser leading Reading first preferred purchases and Stieglitz and Halle trading Consolidated Gas Missouri, Kansas and Texas preferred. Notable actions included Sugar Refining and St. Paul activity by multiple firms, Reading common shifts, and various transfers across Union Pacific and Northern Pacific holdings.

MENTIONED IN THIS ARTICLE

I. & S. Wormser Reading First Manhattan Halle & Stieglitz Consolidated Gas Missouri Kansas Texas Joseph Connah Medge, Lounsbery & Foster People’s Gas I. F. Mead & Co Post & Flagg A. de Cordova & Co Mendham Brothers St. Paul Andrews & Criss Missouri Pacific T. S. Young Union Pacific Common Dick Brothers & Co Northern Pacific Common J. Bianchi Tennessee Coal J. W. Davis & Co Reading First Preferred J. & S. Wormser J. R. Williston & Co L. W. Wormser Clark, Dodge & Co Union Pacific Otto Loeb Dickinson, Grumman & Co J. F. Carlisle Groesbeck & Sterling Reading E. & C. Randolph Street & Norton A. A. Housman & Co Brooklyn Rapid Transit I. & Stormser P. J. Goodhart & Co J. J. Manning B. J. Harrison Kissam, Whitney & Co Reading Second

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Movement of money shows modest demand and firmer rates

The week sees improved demand for long term money with slightly firmer rates. Sub-Treasury withdrawals and public deposit calls press bank cash positions despite receipts from interior areas. Direct express transfers to interior totalled 662 200 dollars with 2 952 496 dollars received, yielding a 2 290 276 dollar gain. smaller banks add about 1.5 million to the overall gain.

MENTIONED IN THIS ARTICLE

Sub-Treasury Klondike Direct Express Interior New-York

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Railroad Equipment in May from The Railroad Gazette

May orders totaled 9.78 cars of all kinds and locomotives. Car types include stock, furniture and refrigerator cars 4138, coal coke and ore cars 4131, flat cars 1879, steel cars 50, passenger cars 88. Locomotives: 1 passenger, 63 freight, 2 switching, 24 export engines. Railroads wait to lower prices before new orders. few orders pending.

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Numh Boi Equipmen

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Northern Pacific Reports Big Week and Monthly Earnings Rise

The Northern Pacific earned 197,404 more in the last week of May than the previous year, lifting May total to 472,507. For the fiscal year starting July 1, gross earnings rose by 3,603,158. Despite strong earnings, stock price did not reflect the gains, with expectations growing that common stock may be valued at 4 percent.

MENTIONED IN THIS ARTICLE

Northern Pacific Burlington Cedar Rapids Northern Central OF Georgia Chicago Cleveland Cincinnati ST. Louis Los Las Peoria Access i Pere Marquette Santa FE Prescott and Fees Indianapolis Louisville Sree Iil Eee Evansville

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May earnings show year over year decrease

Yesterday and last week in May earnings declined compared with the same period last year. The month’s tally also fell, indicating a negative trend in revenue versus the prior year.

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Wheat Market Surges As Northwestern Crop Prospects Tighten

In Chicago June trading, wheat prices rose nearly 2c, lifting two day gains to about 4c and three day gains to around 6c. July futures closed near the top, with values around 7.24c to 7.4c, and September at 7.0c. Cables lagged, cash business remained light, and buyers cited Northwestern crop prospects despite widespread rain. Corn rose about 1.5c, oats advanced with wheat, flaxseed gained, and provisions edged higher as traders anticipated looser supply and stronger demand. Outside interests kept buying while local profit taking occurred, with ships hampered by lake rate.

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Chicago Liverpool Dakotas Minnesota Weather Bureau Robson Smith and Dunn Cudahy Patten Duluth

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Opening for Mutual References Committee in New York City

Postal notice advertising an opening for a Mutual References Committee with several names including W. Emlen Roosevelt Cornelius B.H. Gold and Francis Smith. details call for exchange of mutually satisfactory references and a New York City post office box contact.

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W. Emlen Roosevelt, Cornelius BH. Gold Frascis Smith POST New York City

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Chicago and Eastern Illinois Railroad Preferred Stock Dividend

New 4% quarterly dividend of 1 1/2% (14%) will be paid on the preferred stock in New York City on July 24, 1960 to stockholders of record at the close of books on June Lithliam common stock dividend details show a semi annual 2% and 4 of 1% with payment on July 24 to stockholders of record June 18 196% Books closed after hours June 11 and reopen June 18 100 H. RB. NEDHAM Treager Advertising notices for The Tribune accepted at Uptown Office and branch offices until 5 pm

MENTIONED IN THIS ARTICLE

Chicago & Eastern Illinois Railroad New York City Lithliam Tme York City Maryland Coal Company Browdway New York

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MK &T Americnan Ice North Pacific Nor & WeSt National Tube Bmocklyn RT. Ash Pacifico Mail Cereee CR & Pup Republic Meal Ches & Ghio Ecenee Texas & Pacific Tena C Taion Sather Ioule & Narh Wheel Nor & Weet Union Pac M&migs i A. v1 Orn Inc American Securities Abroad Dian Money and Exchange THE Stock Exchange Albany & Sus Adams Express Oaee Amer Dist Amer Express Ann Arbor Bey Rey R & Pitts Canada South Canadian Pacific Ind & Louis Chio & Northw Colorado South Cal & HC &Ti Enul Bo Erie Railroad If Boy —Ae Evans & T H Gt Northen Timots Central Eax Towa Central Reck & Des M Knick’ Bocker Ice Laclede Gas LE & Western Ls & Mich Long Ieland Louis & Nash Man Beach Manhattan Ry Sail Met Street Michigan MR Jain Minn St Louis Nash C & St Nat Biscuit Ck R NH &T Ont & W Ns North Amer Ak & West Nat Bay Aryl Ontario Minine Tim Ao Repub I & Su Fite Sara Rio Gr Western St Jos & Gil L & Gan Fr Paul Southern Pac Co Southern Ry Via Tenn Coal & T Texas & Preitic Land Trust Twin City T. Bag & P Ano Tinton Pacific v_S Express RK. L. Day & Co Broadet New-England Falison Elee Il Atlanta Reet & Mont Hoet & Albany al Butte & Hort Cal & Hecla Centennial Tee Fitchburg Franklin Storecee Osceola Osee Quincy Mere Tamarack Colny Wolverines Reetan Elev Isa Mae Union Pac Arcadian Weet Wyandotte . Ao Piace Allouez Stat Paere Een Coal Atchison 4S West Elec Pref Feone Inc MK & T Eali & Ohio Oessnens Arist Fis of &l Tol & OC D& RG Dm& M LG yuLé& BS Ss Wabash H & SA Do Rita, & Pac Lou & Nash Se Federal Treasury Consolidated Exchange Sales Wall Street and Exchanges Railroad Gazette Prescott Lemna Walker Brothers Broadway Chicago Gas Bonds Chicago Union Traction Lake Treet National Biscuit Lodhy Acker, Merrall & Condir Jj&j 7 F&a Es Cc. & O Grain Elevator Inc Grain Elevator J&d Hecker-Jones—Jewel RY & Gam M &J Richmond I. Rapid Transit L Rapid Transit Dj Swift & Co Eree Gadsden and Attalla Union TSN Chi So Inc Fulton Street NY & E R Amst Balt Consol Ind Seton Buffalo G St Chegl&f Mad Wis Chic Pg&c Nene Geé Coke Pitts C Gas Con Gas N J Saf CH & L Co St Ae Gas Denver Tee Ences St Paul Gas Cld Detroit Inc Tdo Consol St Ft Syracuse Gas Gr Rapids Gas Western Gas No I'S Leene Indianap tEx de Haven & Townsend Wall-st Amer Ry Co Penn Steel Asph Co Brooklyn Gas Penn EB Veh Cambria Steel Eeneeee P Ry Co Ds Phila Elec Co Choctaw Ry Ble Phila Tractio Con Tr of Elec St Bat Co Phila & Eric Eesaee St Pitts C Tr Elec Co Roch P Ry Co Susque I & Sd Tidewater Ins Co UN Cos Nn Union Traction Lehigh Nav UN Gas Imp Co Marsden Stro Ie Ey Welsh Light Co North Penn Ilcoofc Penn R R Co Welst Com Coof Am Union Tracks Po's KC P&g Lake Epee New Pass Phila Coash People's Tr Diamond Steel Colorado Springs Colorado Springs Mining Stock Exchange William P. Bonbright & Co Alamo - 14 Pinnacle Magnet Rock Portland Pilgrim Consol Acacia Rose Nicol Battle Mountain Trachyte Vneese T Col City & Man Copper Mountain Creek Consol Mu ' Garfield Consol Elkton Consol Cain Toledo, St. Louis & Kansas City Railroad Company Toledo, St. Louis and Kansas City Railroad Company Continental Trust Colony City of Ucust St. Louis and Kansas City Railroad Live Isto Anc Nover Toledo Kansas City Rauima Ami TAO Continental Trust Company City of New York Broad Street York John C. Havewever Herwan Arwotr Richard B. Hartshorne Tro Y T. Bannard Morton Paton Committee Omaha & ST. Louis Railroad Union Trust Company No 8 Broadway C. W. Hillard H. RB Nedham, Treager A Tribune Uptown Jist-st Sthave, & & Cor Th-Ave 12Th-St Macy's 6Th-Ave Columbus-ave 11Th-St 14Th-St Aves Ad-Ave 7Th and Tith St Ist-St Ist-ave Sith-st Godlst-at Sd-ave Bleecker~at Dicocker

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Articles on This Page

Stock Declines Pressured by Crop Reports and Rail Shares

Wall Street Bearish Amid Crop Reports and Iron Market Signals

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Government Bonds and Railroad Bonds Market Summary

MENTIONED IN THIS ARTICLE

London stocks rise on steady New York gains

MENTIONED IN THIS ARTICLE

Money and Exchange Rates in Market Summary

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Gold premium figures from international mints reported

MENTIONED IN THIS ARTICLE

Stock market update and rail stocks noted

3000 CRI 43 1000 St te Mo Cc Cc & N W Deb 112 at

Port of New York Trade Totals for June 1896 to 1900

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Treasury daily balance and receipts report June 8

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Wall Street Figures and Stock Quotes in Turbulent Market

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Union Bag and Paper Directors Set June 1 On Preferred Stock

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Market Movers in Readings and Rail Stocks Yesterday

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Movement of money shows modest demand and firmer rates

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Railroad Equipment in May from The Railroad Gazette

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Northern Pacific Reports Big Week and Monthly Earnings Rise

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May earnings show year over year decrease

Wheat Market Surges As Northwestern Crop Prospects Tighten

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Opening for Mutual References Committee in New York City

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Chicago and Eastern Illinois Railroad Preferred Stock Dividend

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