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Newspaper
New York Tribune
Location
New York, New York, United States of America
Date
Jun 10, 1901
Page
2
Stock activity shows broad gains with the week’s chief active issues trending higher. Tables list 19 active stocks including Erie Gen 4s Megatiles and various railroad issues, but OCR fragments obscure full figures and exact prices.
The report summarizes last week’s stock dealings with weekly highs and lows, notes a cautious Rand outlook as some plants resume crushing, and reports a major Argentine finance conference involving Barings, Morgans, and continental banks to unify finance plans. The Chattanooga Southern and Fort Worth and Rio Grande lines show varying earnings. deficits persist in Findlay Fort Wayne and Western.
Last week saw higher closing values with strong trading and renewed speculative interest. Investors remained cautious as crop prospects softened, rail shares drew caution for some high priced issues, and railroad earnings supported optimism. Iron and steel demand stayed robust while money markets eased, Bank of England rate cuts and gold flows shaping a hopeful summer for U S securities.
Bank exchanges of the New York Clearing House and stocks sold at the New York Stock Exchange are outlined for last week and the same week in the two preceding years. The data show totals in dollars and figures for June 10, 1892, including exchange volumes and trading values.
Government bond quotations are listed alongside those from a week earlier, highlighting changes in prices yields and bid offers. The brief reference notes shifts in key issues and overall market direction, signaling investor sentiment and liquidity conditions for the period.
London brokers report a sluggish Stock Exchange as rate reductions, easy money, and New York quotations fail to lift prices. Weakness in home railway shares and other domestic securities depresses activity, with investors awaiting clearer signals. Northern Pacific suspension orders loom, as markets brace for potential war effects and a shift to American securities as the sole workable field.
The Tribune reports gross earnings for fifty four railroads for the fourth week in May with forty three showing gains totaling 1 367 857 dollars or 12 9 percent and eleven showing losses of 90 658 dollars or 9 8 percent. The overall gain stands at 1 277 199 dollars or 10 9 percent across the period. Detailed mileages and figures for lines such as Columbus Sandusky and Hocking Pittsburg and Western and Santa Fe Prescott and Phoenix appear in the table.
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