Clipped from US, New York, New York, New York Times, July 6, 1902
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The RecordWall StreetFROM JULY I. 1901. TO JULY 1. 1902//With Monday last-June 307c^e t0!nd the fiscal year of a majority of theailroads of the country and of the Govern nent itself. .. fA retrospective glance at the events th ,ave taken place within the year makes tothing short of phenomenal the stre8 tnd stability of prices in the face of ajombination of disastrous circumstances.[n rotation these consisted ot the foUow.ing: Terrible drought and heat which re suited in one of the worst corn crop fad-ares on record, the great steel strike, tnassassination of President McKinley, andconsequent change in the E«cu“™ ^ of the Nation; the break In AmalgamateCopper, and the collapse of the co.pper ma -kef the severe storms of the late Wint ,cutting off communication by telephone an telegraph with neighboring cities for weeks, the suits against the Northern Securit Company, the collapse of so-called Meyer stocks, the great strike of ant*r cite coal workers, and the serious illness of r Toward. It would seem asital, but the good effect of this move wassomewhat offset by the suits brought against the combination to test its legality.Just now became evident the eno^m^1 business the railroads were hand ing by the daily reports of car shortages all along great lines of the country. In such demand was every bit of rolling stock at hanmany manufacturing establishments aniron furnaces were compelled to shut downowing to .the lack of sufficient supply ofcoal and coke, the railroads not having t e facilities available for the delivery of thefuel. .Toward the end of the calendar ear fears of tight money consequent to the Jan. 1 payment and the unsatisfactory condition of the copper trade were the dominant influences. The Amalgamated Copper Company, in December, was obliged to abandon its policy of holding copper at an arbitrary price and violent breaks occurerd in the metal markets abroad. Evidence of the demoralization came in the tangiblea rpduntion in Amalgamat-extra; Pittsburg, Youngstown aryl Ashtabula, from 6 to 7 per cent.; Pittsburg, Cincinnati, Chicago and St. Louis, from 2 to 3 per cent, on common; St. Louis and San Francisco from 3 to 4 per cent, on second preferred; Southern Railway from 4 to 5 per cent, on preferred; Twin City Rapid Transit from 4 to 5 on common; West Virginia Central and Pittsburg from 3 to 4 per cent.; American Cereal, from 6 to 1-per cent.; American Tobacco, from 6 to 10 per cent, on common; Columbus Gas Light and Heating, from 3 to 4 per cent, on common; Hall Signal, from 4 to 6 on common;Virginia-Carolina Chemical, from 4 to 5 on common; Youngstown (O.) Iron, Sheet andTube Company, from 2 to 4 per cent. Extra dividends declared or paid: Adams Express, ■American Express, Burlington, Cedar Rapids and Northern Railway, Chicago and Eastern Illinois, on common; Chicago andNorthwestern, on common and preferred; Cincinnati, Newport and Covington Street Railway, Consolidated Car Heating, Home-stake Mining, Kentucky Wagon Manufac-
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