This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!
This newspaper page contains 21 articles. Subscribers can read the full text of each article.
Newspaper
Philadelphia Times
Location
Philadelphia, Pennsylvania, United States of America
Date
Dec 07, 1901
Page
10
The Philadelphia market shows weaker stock activity with limited demand for loans. Major moves include declines in American National and National Asphalt bonds, gains in American 5s, and notable activity in Reading and Philadelphia Electric shares as investors weigh feasibility of consolidations and new ventures.
The October earnings of the American Light and Traction Company rise 32 percent to 87 068 and the Union Pacific is expected to show about 9 percent return on capital. Missouri Pacific reports a fourth week November gross gain and January to January figures rise. The St Louis and San Francisco board approves a 1 600 000 trust to fund equipment orders. Southern Pacific shows a four month surplus of 2 515 841 with October gross up and net rise. A proposed 800 million steel combine outside US Steel is discredited. The Philadelphia Company plans to build an elevated railroad pending charter expiry. Bond dealers Cyrus Peirce Co consolidate 5 percent ads for Cleveland and Western Railway bonds. Bond issues total 1 500 000 with per mile indebtedness underscoring rail expansion. The Philadelphia Electric Company notes no stock call planned and claims earnings growth, while references to Ken si Electric and stock accounts appear in local chatter.
Trading in New York fell as 8000 shares moved without impact while liquidation hit Manhattan due to Schwartz Dupee & Co retirement. American Sugar weakened. Chicago houses and railroads like St Paul Rock Island Union Pacific came under selling pressure. General Electric swung and closed little down. Amalgamated Copper dropped to a new low amid dividend doubts.
Sterling opened steady and closed weak as the market showed dull activity. Actual business rates stood at sixty days 4.84 to 4.84 and 4.87 for cables. Commercial bills 4.84. Francs quoted 5.18, 5.15 for certain terms, reichsmarks and guilders also listed with specific spreads. Posted rates from leading drawers of foreign exchange followed.
The clipping presents Jay’s closing quotations for government bonds compared with Thursday’s figures. It highlights shifts in prices and yields for various government issues as part of the daily market update.
On December 6 in New York the money on call traded around 4 to 5 percent, with the day’s high at 5 percent and low near 4 percent. Time money shows fair demand and ample supply, with rates at 4 percent for sixty to ninety days and four to four and a half months. Mercantile paper trading modestly improves as brokers concede prices to move sales, while overall output remains moderate.
Bradstreet's table shows weekly bank clearings for the week ended December 5 across major cities, with year over year percentage increases or decreases. The report compares current totals to the same week in the previous year, highlighting shifts in financial activity.
The Sub Treasury shows banks losing 7,115,000 since last Friday. November clearings hit a record 9,797,064,933 across eighty six cities, up 3.1 percent from October and 12.5 percent higher than November last year. principal currency movements show New York activity notable with losses around 5,800.
In 1901 the report lists figures for cities including Baltimore New York Philadelphia and Boston. The data show large sums such as 133,908 and 18,001 alongside totals like 21,738,362 and 23,205,478. The fragmentary OCR suggests a financial comparison or clearinghouse ledger entry for multiple cities.
Special to the Philadelphia Times reports that dividends on Rio Grande Western Railroad preferred shares may be suspended for an indefinite period. The 14 percent quarterly dividend due is not declared, while past payments averaged five percent on both preferred and common stock. Holders resisting deposit fear a scheme to freeze out minority holders and lose their rights to dividends.
Dominion Coal Company Boston declares regular semi annual four percent on preferred stock payable January 1. Southside Elevated Railroad Company quarterly one percent payable December 31. General Electric Company New York regular quarterly two percent payable January 15. Alber Goods Manufacturing Company quarterly one percent on preferred stock payable November 17. Overall annual percent payable on unspecified amount.
Fears of money stringency trigger heavy selling across the New York market with bears pressing declines and sporadic rallies. Amalgamated Copper sinks to 60% from 71% as overall activity stays weak and money transfers from the Sub-Treasury reshape liquidity.
The Times notes consols rallied on rumors government may offer no more consols but issue a Weigei or Kimi guaranteed by the Crown next year. War delays and colonial financial plans push reconsideration of Transvaal and Orange River arrangements as gold mines restart and workers return. American rails steady, Argentines flat, Chileans weak. discount market quiet. Londres closing figures listed.
The New York Times reports expectations of an unfavorable bank statement with a weekly bank loss over 5.5 million dollars and rumors of large gold exports. It cites a violent dip in Manhattan due to pool selling and a broader market decline driven by weak accounts and fears around Amalgamated Copper and other blue chip stocks.
In New York trading December 6 prices swung as American Can common and preferred hit record lows while copper rose briefly. The day opened around 165% and fell, with about 3 000 shares traded. Consolidated Be Mining and other names showed activity as markets moved.
Cincinnati December 6 whisky distillers reported goods quiet on a basis of 1.32 dollars per gallon as buyers held back.
French 3 per cent rentes rose 10 centimes but closed firm. Spanish 4s up as exchange falls after Spain's chamber vote for gold payments. Turks Brazilians steady, Italians weaker, Russian Coal Mines and Rio Tinto pressured by copper falls. Bank of Paris climbs with Spanish 4s. Metropolitans hold despite pressure.
Berlin markets rose as home funds and international securities strengthened amid a sharp rise in consols. Spanish 4s gained on French and Belgian buying while banks were steady. Locals sold on speculation and Americans remained calm.
Berlin notes discount rates at 2 percent for short bills and three months. Paris reports three percent rentes at 101 francs 60 centimes. London exchange set at 25 francs 15 centimes. Dresden bank savers face 7,500,000 mark loss after a bank segment collapse.
Boston December 6 The market showed activity in Amalgamated stock while other issues were dull General Electric remained prominent and well bought The piece lists highest lowest and closing prices for active stocks and compares them with yesterday's final prices
Special to The Philadelphia Ties notes market activity in Baltimore with scattered daily trading and early price movements. Report mentions supply shifts, interest from buyers, and tentative price ranges across key commodities.
We want people to find what they are looking for at NewspaperArchive. We are confident that we have the newspapers that will increase the value of your family history or other historical research. With our 7-day free trial, you can view the documents you find for free.
People find the most success using advanced search. Try plugging in keywords, names, dates, and locations, and get matched with results from the entire collection of newspapers at NewspaperArchive!
You can also successfully find newspapers by these browse options. Explore our archives on your own!
Browse by location and discover newspapers from all across the world.
Browse by date and find publications for a specific day or era.
Browse old newspaper publications to find specific newspapers.