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Newspaper
New York Tribune
Location
New York, New York, United States of America
Date
Jun 30, 1902
Page
2
The long list shows bonds with interest rates and values, plus a detailed securities table. It includes rail and utility stock quotes, week high and low, and year ranges across dozens of issuers, indices, and specific bond issues. It also notes weekly and annual changes and closing prices June 29, 19M, with earnings data for several rail and railroad companies.
A cryptic OCR fragment appears to reference miscellaneous securities with terms like a 7 10 percent note or yield and a code sequence. Readable entities are minimal. no clear event, date, or institution is extractable from the fragment.
Trading in securities stayed dull yet prices remained firm amid scant public interest. The week saw little impact from the King of England’s illness, with London weak briefly but not altering foreign exchange prospects. Klondike gold shipments began to flow, while anticipated wheat and corn exports support stable international money conditions. Reading and Wabash activity hints at a possible rail system reshaping, and coal strike effects show mixed but resilient rail earnings.
The report compares exchange week figures for the same period in the two prior years. It lists June 29 and June 30 values, noting $1,515,857,123 and $890,917,161,404 in one section. It then references government bond quotas and their comparative changes from the preceding years.
In Berlin the Reverse markets endured a dull week with many securities unmoved amid weak turnover. Coal and iron shares fell as speculation shifted toward summer closings while forthcoming annual reports are viewed as likely disappointing. Bank stocks declined despite flotations promising earnings.
London, June 29. With only three trading days last week the Stock Exchange showed little in the way of major moves. Prices fell amid anticipation of selling as King Edward's illness depressed activity, but declines were small. Money demand remained strong as the half year and holiday settlement neared. The market absorbed about £10,000,000 in bank debt with expectations of easier rates next month and talk of New York gold exports. Overall, sentiment holds that business will improve unless the King's condition worsens.
The Tribune lists gross earnings for 53 railroads in the second week of June showing gains of 758,084 and losses of 169,396, with a total gain of 6,688 7.2 percent. For the third week, 47 railroads report gains of 882,156 and losses of 163,005, totaling a 719,151 9 percent gain.
A long list of dividend declarations and payments from Bangor & Aroostook Railroad Gulf and Ship Island Buffalo and Susquehanna Chicago Pneumatic Tool Company Union Bag Delaware Buckeye U S Railway Hocking Valley Ohio and others. Notices include payable dates July 1 1902 July mid month, record dates June 28 1902 and related transfer book closings. various firms include LEE HIGGINSOY & CO Brown Brothers Co Fisk Robinson Morgan Co and others.
The week brings promising off region discoveries in Ritchie County West Virginia with two producers suggesting a new pool on the Cow Run ranch along French Creek. Carter Com pany tests on Sears farm Ohio flow at 270 barrels daily while South Penn Oil tests Oden farm Wetzel County West Virginia yield 125 barrels daily. A Clay district strike adds 25 barrels daily, Spence Cows strike west of Bond Creek spurs new work, Mill farm Richwood Run Wetzel County yields 210 barrels in 24 hours. Gordon sand near Folsom Wetzel County holds 150 barrels daily and Price farm in same district 75. Ohio wells maintain normal rates. two in Richmond Township Allen County produce 100 and 150 barrels daily. Refined petroleum unchanged at 7.40 per barrel in New York and 4.85 in bulk. Philadelphia prices down five points. Foreign quotes steady: London 61316d imperial gallon Antwerp 18 francs per 100 kilos Bremen 6 35 marks per fifty kilos.
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