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Newspaper

New York Tribune

Location

New York, New York, United States of America

Date

Jun 16, 1903

Page

4

Stock market mostly lower with declines 1 to 2 percent

Closing prices of principal active securities show bear pressure. United Railroads of San Francisco 4s, Wabash debenture Bs, Wisconsin Central general 4s and other issues moved. Consolidated Tobacco 4s and United States Steel 5s were also active.

United Rairoads of San Francisco Wabash Debenture Bs Wisconsin Central General Consolidated Tobacco United States Steel

Stock Market Ends With Broad Declines And Bearish Outlook

The market closed lower across most active securities amid investor unease after a prior rapid advance. Major losses hit Atchison common and several rail and industrial issues while buying in high‑quality stocks partially cushioned declines. Foreign trade showed May exports lagging imports, grain traffic fell due to floods, and western crop hopes remained cautiously optimistic for a above normal harvest.

Atchison Common Baltimore and Ohio Louisville Nashville Missouri Pacific Reading Southern Pacific Union Pacific St. Paul United States Steel Corn American Car and Foundry Pressed Steel Car International Paper International Pump Europe Western Railway Mississippi Missouri Wall Street Chicago Stock Exchange

Government and Railroad Bond Markets Report

Market steady for government bonds with final quotations listed across multiple issues and maturities. Railroad bonds trade lower with total par value sales of 2,283,600, led by Atchison general 4s and several major lines including Baltimore and Ohio gold 4s and Reading general 4s.

ISIS Atchison General Baltimore and Ohio Chesapeake and Ohio Chicago, Burlington and Quincy Chicago, Rock Island and Pacific Erie Missouri, Kansas and Texas Oregon Pennsylvania Reading Union Pacific NYO & St L Nyo&w Nor & W Cc & O C&e Peo & E Do Inc West Mie D & Rgc Kan City Av & P S& N P & At Met Flevst Ist Inc M & St L Nyc

Money Market and Foreign Exchange Summary

Money on call ranged 2% to 2.42% with last loan at 2% and monthly money quoted at 4% to 4.5% for six months. Foreign exchange closed firm with cables and sight rates for sterling francs and reichsmarks shown. Bank clearings in New York, Boston, Philadelphia, Chicago, Baltimore, and St. Louis reported. Sub-Treasury debtor to the Clearing House at 456,791. Domestic exchanges and international money market rates listed. gold premiums in Madrid Lisbon and Buenos Aires noted. Government receipts and expenditures summarized for the day, month, and year.

Ss Reichsmarks Paris Frances Belgium Switzerland Germany Reichsmarks Holland New Orleans San Francisco Telegraph Boston Charleston Chicago Cincinnati Savannah St. Louis Minneapolis New York Philadelphia Baltimore London Berlin Berlin Exchange Paris Exchange Madrid Lisbon Buenos Ayres Washington Sub-Treasury Clearing House

Wall Street Notes on Foreign Trading and Steel Shares

Foreign houses traded 40000 shares mainly sales as London money eased and Paris weakness echoed. Missouri Pacific floods dented earnings less than daily revenue. copper exports fell. United States Steel seen steady at around 28 a ton with no major rail price cuts anticipated. Sloss Sheffield kept dividends unchanged.

London Paris Exchange New York Amalgamated Copper Anaconda American Ice Atchison Brooklyn Rapid Transit Baltimore and Ohio Colorado Delaware and Hudson Erie Louisville and Nashville Manhattan Missouri Pacific New York Central Norfolk and Western Metropolitan Street Railway People’s Gas Reading First Rock Island St. Paul Southern Railway Southern Pacific Sugar Tennessee Coal and Iron Union Pacific United States Steel United States Leather Wabash Western Union Canadian Pacific Pennsylvania F. W. Savin Brooklyn United States Kansas River Missouri Mississippi Ojl Atchison, Topeka Santa Fe Kansas City New York Metal Exchange Sloss-Sheffield Sloss- Sheffield

Stock Exchange Seat Fetches Seventy Thousand Dollars

A new seat on the stock exchange was sold for $70,000. Earlier reports said three memberships were offered at $70,000 and a standing bid of $57,000 had existed for some time.

Stock Exchange New York City Manhattan Bronx Columbia Fourteenth Street Sor Gansevoort Hamilton Mount Mo Yorkville Fidelity Varick Jefferson Chee Ron Lee Washington Heigts United National Brooklyn Broadway Brooklyn Oe Eighth Ward South Mechanics Nassau National People's Ward Es Sprague National Union Wallaboo Rich A Bank of Staten Island First National Ss Fae Jersey City Ang Hudson Co. National Lowe Hoboken

Western Union Chief Clowry Rumor Denied by AP

The Associated Press authoritatively denies rumors that President Clowry of Western Union Telegraph Company plans to resign. No foundation exists for the chatter, the AP states.

Associated Press Clowry Western Union Telegraph Company

Outside Securities Drift in Dull Trading

Market session shows light offerings with declines across many issues. Northern Securities, American Can, National Railroad of Mexico and International Mercantile Marine weak. Seaboard Air Line down sharply. Havana Tobacco steady. St Louis Transit up on light buying. copper shares weak with minor gains in White Knob. Bonds remain largely unchanged with few trades recorded.

Jopenares Eea Adams Express Amal Copper Albany & Sus Am Car & Fd Ailis Chalmers Am Agr Chem Bali & Ohio Bklyn Rap Can Pacific Ches & Ohio American Coal Chi Mil & St P Am Express Erie Louis & N Manhattan Met Street Mo K & Tex Mo_ Pacific NYC Sentral London Ameri North West Amer S Pennsylvania Reading Va Ns Atchison W Rep Steel Amer Sugar Rock Islan Ra Southern Pa Am Tel & Cable Southern Ry St Paul Am Tel & Tel Tenn Coal & I Amer Texas Pacific Amer Woollen Illinois Union Pacific Ae Nfuls & Nash Ann Arbor Sos Atchison Wabash Southern Pacific Coast Line Balt & Ohio Ralt & Ohio Ss Boston Hes & Ohio BO Chic Gt West Norfolk & West 66 OP Co Butterick Co Canada South West Cental of Southern Hic Bur & Q Best & Belcher Chic & Northw St P M & O Comstock Ar Elkton Hale & Nore Isabella Chic Union Trans Shame Ae Justice Consol Coal Consol del & Hudec del Lack Deny & Rio Gr D. Tc A Des M & Ft Detroit Det United Toy Tak Evans & T H Aes Gen Electric Co Gt Northern Pf Hocking Valley Illinois Central Iowa Central Ole Cfs&m Ane Keck & Des M Laclede Gas Ate Wwestern Long Island Louis & Nash Man Beac ‘ S Chaco Michigan Minn & St Mo Kan & Tex Dons Apie Missouri, Pacific Nash & Chat Nat Biscuit Doe NH &H Norfolk & West Roy Ontario Pacific Coast Pacific Mail Penn Peoria & East Pea Gas & Coke Pere Bavonette Pullman Pal Stl Pal Rock Island Co Rome St Jos & Ga I St L&s F St Louis Sloss-Sh St & Sr Southern R R. Pat Tenn Coal & Ir Brynite Texas & 2S Pacific Do Land Trust Third Ave R_ R Tol Peo & W Tol Ry & Light Twin City Union Bag United Fruit Coanal U S Realty & C Boylus Shipbuilding Core Wells Fargo West Union Tel Ssrr T Westingh Wisconsin Northern Securities American Can Preferred National Railroad of Mexico International Merccantile Marine Seaboard Air Line Havana St. Louis Transit Common New Orleans Railway Greene Consolidated British Columbia Montreal White Knob Oppenheimer Institute Pontiac Lapeer Northern William FE. Nichols & Co Am Bar & Pkg Inter Mar Inter Rap Tran Kitch Mining Majestic Con Bay State Bs Borden M & B Cop Co Ry Co Calif Copper Camden Land Casein Co of A North Securities Domin Secur Lo Roy BP Seaboard Air L Seab St & Ir St Louis Trans Gold Hill Union Copper Greene Con Guigg Expl Co United Copper

Also Mentioned on This Page

Nat of Mexico Central National Lead Wits Bak & Ohio Nor Amer Co Peo G & C Prooklyn RT Penn RR Canadian Pac Hic & Alton Gt West F& es oT — \& Rep Steel Ol & South Thern Seeane Pacan Consol Gas Sloss Shef St Les & Hudson Texas & Pacific Evans & TH Gen Electric U S At&sf Union Pac Ist AO R& D Gold Consol Tech S Steel MK &T T Wabash D Wis Consolidated Exchange Sales THE Money and Exchange R. L. Day & Co Nassau St Albany Bingham Cskr Cal & Hecla Fitchburg Nynh &H Old Colony Franklin West End St R Mass Lee Sera Osceola Do F Tel & T Parrot New-Eng Quincy Tel & T Co Tamarack Wolverine Wall Street and Exchanges Tee Jes IDE Sas Toe Ste Oaks Outside Securities William E. Nichols & Co Wall St Ian Ae R. R. Ter M& No Aolumbia Jason Lapeer & XN M & Ne Wes Empire Quicksilver Empire Steel Empire S. Sumar Empire S. Sugar Gorham Hudson River Hall Signal Herring H. M Herring H. M Co Inter Leer J. B. Stetson J. B_ Stetson Jas Teim Lorillard Seemann Lanston Toy Maine S Madison Square Garden M& Nuw Markeen Copper Enndes Mergenthaler National Gramo S. Tevedore N. Nms &T Old Dominion S. S Pitts Bess Manus A&co Ry Pratt & Whitney Procter & Gambie Awe Procter & Gamble Qsmm Securities Co Simmons Hardware P&a Simpson Crawford Co Singer M& N TS A Swift & Co 2D Street A&o Weller Trenton Potteries St Trow Union Switch & Signal Ss. & Chase UN. c & Ch Westinghouse Air Brake Worthington William E. Nichols Amer. Light & Trac Txskedie Am Namenacanyan HS & FF American Brass Cass Am. Press Association Soda Foun Soda Ibs American Thread Co Scrip & Pe P ¢ Inc Ave RR M &N Wes M_&N J Cork
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