Philadelphia Stock Market Report Highlights Decline in Call Money and Dull Trading
The Philadelphia market shows a modest decline in call money rates with a few institutions lowering loans to four percent while time money sits around four and a half percent. Trading was dull with less than 19,000 shares, Reading common and Union Traction among the few active issues. miners face a strike yet the market anticipates the end of the strike as pumps are kept manned. Eastern and Western railways report notable April earnings increases, boosting overall freight and fare figures.
MENTIONED IN THIS ARTICLE
Union Traction
United Gas
Reading Common
Wall Street
New York
Mitchell
Pennsylvania
SOO
Times
St. Louis
San Francisco
Continental Tobacco
Erie
Delaware
Hudson
Ontario
Western
Reading
Stock Exchange
Chicago stock market notes on June trading
Special to The Philadelphia Times from Chicago reports a twenty cent premium on New York exchange. Time and call loans range 4 to 5 percent with desultory, small scale trading. Major issues like Union Traction and Biscuit Common rise slightly while others stay steady.
MENTIONED IN THIS ARTICLE
Philadelphia Times
Chicago
New York Exchange
Wall Street
Chicago Board
Chicago St. Awy
Chicago Union Trac
Chicago Tithe
Lake Street Elevatec
National Biscuit
South Side
Gossip of the Street shows mixed market moves and officials
The column notes a June 19 Bethlehem Steel annual meeting and a Girard National Bank stock sale at 250 plus five points. It mentions Gould interests seeking Reading board representation, Western New York and Pennsylvania stock at 8 percent in Philadelphia, and Buffalo Gas Company April results. Treasury balances, national bank notes, and various railroads’ April earnings are reported with figures.
MENTIONED IN THIS ARTICLE
Bethlehem Steel Company
Girard National Bank
New York
Pennsylvania
Philadelphia
Philadelphia Consolidated Stock Exchange Sale Report
Securities traded at the Philadelphia Consolidated Stock Exchange included Gen. Carriage, MD Gold Tem, Wiss wanes Bty, Am, E, Sunlight, Index, and Gold Tem with various large lots. Notable entries show 41 MBLs and 700 Occ. ovsegs, plus 500 Index and 400 Gold Tem at quoted figures.
MENTIONED IN THIS ARTICLE
Philadelphia Consolidated Stock Exchange
Eeise
Baltimore stock market shows firmer tone on rail and utility issues
Special to The Philadelphia Times reports a firmer local market with Maryland and Pennsylvania Railroad rising one point amid optimism on its fate. United Railways 4s gain on collateral acceptability by the State for deposits. Norfolk Railway and Light improves. Money on call quotes at 4 1/4 to 5 percent.
MENTIONED IN THIS ARTICLE
Philadelphia Times
Baltimore
Maryland
Pennsylvania Railroad
United Railways
Norfolk Railway and Light
Money on Call and Time Money At The New York Stock Exchange
NEW YORK June 2 Money on call at the Stock Exchange opened at 8 percent, highest 5, lowest 3, closing at 3. Most loans were at 3 1/2 percent. Time money easy, liberal supply, demand light as borrowers await lower rates. Rates 4 percent for thirty days to four months. 4 1/4 to 4 1/2 percent for five to six months. Mercantile paper in better demand locally and abroad. Larger volume anticipated. Call and time money rates noted in major markets. London call 2 1/2 percent, short bills 2 1/2 percent, three months bills 2 3/8 percent. Gold intake at Bank of England £53,000. Berlin Hamburg Vienna money markets up 1/4 to 1/2 percent. Paris Amsterdam and Paris rate up 1/16 percent.
MENTIONED IN THIS ARTICLE
New York
Stock Exchange Tedlay
Mercantile Paper
SaTty
Boron Nc
Chicago
Philadelphia
Baltimore
London
Bank of England
Berlin
Hamburg
Vienna
Paris
Amsterdam
Foreign Exchange Markets Show Quiet Day Amid Speculation
Sterling remained dull as sixty day end cables closed above Saturday. Rates for actual business listed with 4.87 for demand and 4.8744 for cables. Continental bills quoted at francs and reichsmarks levels with scarce grain and cotton bills. A London style report notes speculation over a large selling order tied to John W. Gates connections, with Pittsburg Western interests reported as buyers. Bond sales data referenced various issuers including Erie and Coal companies with mixed notes and railroad issues.
MENTIONED IN THIS ARTICLE
Pyreichsmarks
EterMng
France
Switzerland
Belgium
Germany
Reichemarks
European Stock Markets React to Peace News Across Major Exchanges
London and Paris note a heavy consols settlement boosting money demand while banks raise deposits. Boer surrender calm, South African shares fall. American rails steady. Paris opens lively on South Africa peace, gains then ease. Foreign debt, Rio Tinto and De Beers show mixed moves with broader stock weakness.
MENTIONED IN THIS ARTICLE
London
the Times
D%&count Houses
Stock Exchange
Paris
Renteg
South Africa
Thomson-Houston
Sosnovice
Rio Tintos
de Beers
St Louis and San Francisco Sale Amid Market Push
New York reports persistent buying of St Louis and San Francisco Railway shares after a potential buyout offer emerges from a major system. The proposed deal values common stock at 80 and one preferred issue at 100, with Western and Southern capitalists aiming to form a larger network.
MENTIONED IN THIS ARTICLE
St. Louis
San Francisco
Philadelphia Times
New York
B. F. Yoakum
St. Louisa
New York Stock Market Irregular and Rates Noted
Irregular stock quotations and money rates with collateral loan figures. Highlights include 3 to 6 month rates at 4 percent and 60 to 90 day commercial paper at 4 1/2 percent. Bonds showing advances include Am Bicycle Ss and Stand. R. & T with various issues listed.
MENTIONED IN THIS ARTICLE
Bicycle Ss
Stand
Ohio River
Wabash 2d
New York Times Review Highlights Boer War Settlements
The New York market shows little reaction to Boer war settlement news and coal strike updates. Trading remains light with small stock movements, money rates steady, and foreign exchange quiet as analysts anticipate broader international impact from the Boer settlement.
Outside Market Transactions Show Limited Activity
Yesterday the outside market saw few decisive price moves with many stocks trading, yet overall activity was limited. Buffalo Gas drew attention due to earnings reports and claims of misleading statements, while Bay State Gas reportedly neared a takeover. The San Francisco Street Railway issues remained quiet with minimal quotation changes.
MENTIONED IN THIS ARTICLE
New York
Times
Stock Exchange
San Francisco Street Railway
Buffalo Gas
Buffalo Gas Atock
Philadelphia
Seeni Ag
Bay State Gas Com
Buffalo Gas Company
Company of the Republic
Markets Rise on South Africa Impact and Strong Rail Shares
Berlin report notes a general price rise on the Boerse as the South Africa conclusion prompted gains. Home railway shares led the advance. Spanish 4s and Argentine securities stood out, with bank and local shares firming on renewed purchasing. Canadian Pacific and Transvaal shares remained solid.
MENTIONED IN THIS ARTICLE
Berlin
South Africa
Cunard Shares Rise on Circular About Company Position
Liverpool June 2 Cunard shares gained two points after a circular from the acting chairman stated negotiations are at a stage affecting the company's position. Opinion is divided on whether this signals the reorganization of the firm or a counter move.
MENTIONED IN THIS ARTICLE
Liverpool
Cunard
Re Peearee
Scsgrene
Market shifts as Atchison pool and tobacco shares advance
New York reports renewed activity in Atchison common stock after weeks of lull, with London buyers backing the rise fueled by large property earnings. Continental Tobacco preferred strengthens on Tobacco Trust demand, Fuller Construction gains on banking support, and General Electric climbs over six points on a 300 share order amid limited supply. Steel stocks drift lower tied to bond conversion lawsuit uncertainty.
MENTIONED IN THIS ARTICLE
Philadelphia Times
New York
Atchison Common Stock
London
Continental Tobacco Preferred
Fuller Construction Company
Common Stock
General Electric
London Stocks Quiet As War Celebrations Dominate
New York reports a quiet London market with only about 12 000 shares traded, split between buys and sells. Atchison Union Pacific and St Paul led purchases while coal stocks and steel shares saw the main selling. Cable hints say Londoners celebrated the end of the war, paying little attention to US price moves, with Consols also sold for American accounts.
MENTIONED IN THIS ARTICLE
Philadelphia Times
New York
London
Atchison, Union Pacific and
St. Paul
Metropolitan Street Railways Earnings Rise in Q1 Report
New York June 2 Wall Street digested the Metropolitan Street Railway quarterly report for the period ended March 31. Gross earnings reached 3 415 388 up 132 180 while expenses fell 598 bringing net earnings to 176 778 and other income to 126 033. Surplus increased 57 085 alongside a higher fixed charge. Cash on hand stood at 5 221 and the profit and loss surplus exceeded 5 34.
MENTIONED IN THIS ARTICLE
Philadelphia Times
New York
Wall Street
Metropolitan Street Alway
Oas
Oil Company to Increase Stock and Rename
At a six oclock meeting in Portland Maine United States Oil Company voted to rename as United States Coal and Oil Company raise capital stock to 6250000 and set eleven directors C A Hight and F L Maller were added to the board.
Railway Steel Dividend Declared in Protexted Stock
New York June 2 A dividend of 1 percent on the protexted stock of the Railway Steel pring Company is declared payable June 20 local authorities report the payment date and company name with emphasis on the modest dividend outcome.
MENTIONED IN THIS ARTICLE
Railway Steel
New York
Railway Steel Pring Company
Local Trust Securities and Dividend Notices
Merchants' Trust Company semi annual 2 percent payable in June. Pratt Food Company regular quarterly 3 percent payable to stockholders on demand. Ontario Sliver Mining 30 cents per share payable June 20. Streets Western Car Line regular semi annual 8 dollars per share on preferred stock. Kansas City Scott and Memphis Railway stock certificates and dividends on the 4th of July.
MENTIONED IN THIS ARTICLE
Merchants’ Trust Company
The
Pratt Food Company
Ontario Sliver Mining Company
Streets Western Car Line Company
Kansas City
Scott and Memphis
J Rend
Liverpool Exchanges All Closed for Peace Holiday
Liverpool cotton, grain and provision exchanges closed at 4 o'clock today due to the holiday announced in celebration of peace in South Africa.
MENTIONED IN THIS ARTICLE
Liverpool
South Africa
World money markets and bullion rates report
The report lists gold premium quotes at Buenos Ayres and Madrid, exchange figures for Lisbon and Rome, West Australia's gold yield for early 1902, and Paris and Berlin exchange data. It notes three percent rentes in Paris, London bullion in the Bank of England, and various discount rates and bill prices across major European centers.
MENTIONED IN THIS ARTICLE
Buenos Ayres
Madrid
Lisbon
Rome
Public Debt Report Shows May 31 1902 Balance
Treasury statement shows debt at close of business May 31 1902 totaled 982,460,573 after cash excludes. Interest bearing debt stands at 931,070,340 with other categories and 347 million cash balance remains available. Cash on hand 345,350,229 against 912,455,681 liabilities.
MENTIONED IN THIS ARTICLE
Washington
Treasury Department
Treasury
IV News
Allis Chalmers reports first year profit and dividends
The Comptroller of the Currency notes May close totals for national bank circulation with year and month changes. Allis Chalmers reports a net annual profit after expenses of 1,137,500 dollars and declares dividends of 1,137,500 dollars from earnings.
MENTIONED IN THIS ARTICLE
Washington
National Bank
Comptroller of the Currency
United States
Cael
Ruarne
Nsl
Bank Capital Increased At National City Bank Meeting
In New York on June 2 at a special shareholders meeting of the National City Bank stockholders voted on a capital increase. The board will consist of not fewer than twenty five members and the bank will issue additional shares to raise funds for vital needs. The results were announced by bank officials in Philadelphia where the report originates.
MENTIONED IN THIS ARTICLE
Audit Company
New York
Ride
BANK
Tus
Philadelphia Times
National City Bank
Sinco Nde
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Philadelphia Stock Market
SOU Gee
American Railways
Girard Nat. Bank
American Cement
Pennsylvania Salt Cambria Steel
San, L. Sup. Pf
Elet. Co
Phila
Elec
Welsbach
Phila, Co
sCadernes Awe
Marsden
Belliemane National Electric Teeter
National Typewriter
Ewee
New Haven Iron & Steel
Ween Palmetto Company
Ssseeevveereesens
Parkside
Pennsylvania Electric Vehicle
Tees
Pennsylvania Salt Manufacturing
Pennsylvania Steel
Aeeeewe
Philadelphia Bourse Co
Electric Trust
Southern
Susquehanna Iron & Steel
Tel
Tel, & Cable
Amer
Tidewater Steel PR
United Gas Improvement
Warwick Iron & Steel Co
Eessaeebsvess
Ba Welsbach Company
Welsbach Incandescent
G. I i
Canada
Cramp Shi & Engine
Aeeeee Ullding Go
Steer
Westmoreland ‘Oal
Baltimore United Railways
Butale Railway
Etter
Camden & Trenton Railway
Pa’ Citizens’ Passenger Railway
Columbus Street Railway
Consolidated Traction
New Jersey
Continental
Ee Beeen
Consolidated Traction of
Pittsburgee] Co
Dayton Traction
Duquesne Traction
Fairmount Park & Hadding Yy
Fairmount Park Transportation
Frankford & Southwark
Germantown
Teetes Seaee
Green & Coates
Hestonville
Seewee
Holmesby , Tacony & Frankford
Indianapolis Street Railway
Avenue
Philadelphia City
Philadelphia & Gray's Ferry
Philadelphia Traction
Pittsburg & Birmingham Traction
Ailways Company Metal
Ware Reading Traction
Ridge Avenue
Rochester Railway
Scranton Railway
Ovens Aawe
Union
Pest
United Power & Transportation
United Traction
Chicago Stock Market
Gould
Reading Board
Chicago Stock Exchange
Reuben H. Donnelly
John J. Mitchell
Joseph E. Otis, Jr
Sidney C. Love
Alfred Jl
Baker
Charles
Adsit
John
King
A. J. Whipple
General Fund
Norfolk and Western
Chicago, Burlington and Quincy
Minneapolis
Wisconsin Central
Iowa Centralross
Mexican Central
Colorado Southern
Louisville and Nashville
Tango
Iam Sa
Cement Pl
American Railway S
Cambria Ron
Cambria Steel
Diamond St Steel
Thy
Fourth St. Bank
Lehigh Navseeeee Thty
Lehigh Valley
Penna
Penna, Salt
Penna, Steel ‘Pt
Boof Pe
Co. Company
U. Sears
Clos Bales
P. Tr
Gay “Tsa
Equit
Harrison Brothers Co. Ie. Aghr
L. Val. Coal Sec
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Elect
A. Co
Boon
Wels. Co
W. N. Oh
ATS Brewing
Steel
Camden
Lake Superior
Tne
Anee State Steel Pee
Ntaseeeensorate Co. of America
Lt Ty Be
Boston Stock Market
Boston
Lawson
Arcadian Mining
Bingham Mining
Boston & Albany
Boston & & Maine
Calumet & Hecla
Dominion Coal
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Franklin Minin
Isle Eareee
Ater Es Teres
Mohawk
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Parrot Mining
Rutland
Santa Fe Mining
Ureh
United Fruit
Victoria Mint Street
Philadelphia Consolidated
Yesieruay
St Paul
Atchison See Ag
S. Steel
Pacific
Union Pacific
Ches
Ohio
Ator
Vebeee Hs
Looney Gale
EY Nm
Baltimore Stock Market
Seaboard
Atlantic
Cotten
G. B. Brewing Coe
United
Norfolk Ry
U, Fidelity
Maryland & Peona
Ss. i
S. & Fin
Pwine
Sedna Acess
Bork Lie Charieatos E On
Tee
Lina Cotton Duck
Car. & North
G. B.S. Brew
Consolidated Aete
W. Seeeeenee
WI & Weldon
Pittsburg
Renia
Pittsburg Stock Exchange
Crucible Steel
United States Steel
South Side Bank
Ohio Valle Bank
Pittabarg
Fifth Avenue
Pitt Ny
Melenah Wienpresd
John W. Gates
Chie
Rel
So, An
Saan Coal Col
Valley
Ming Re
Met
Ion” Nash
Alsas
Cou
Cen
Adams Express
Hide & Il
T&s. Fg
Peewee Sewes
Brooklyn U
Eeerere
Col Gold
Ev Evesiys N. J
Joint
St. P
P.wen
Ter
R. G. Im
la ‘Wy Lion Tame
Cros
Cooper
Holg Goly
Lin Onl
Amn
R&p
Hocking Valley
Illinois Central
Internat
Internat Silver
Lowa
Central
Kana
Mic Do
Kan
City South
Lake Eile
Whileville
Nashanhattan
Maryland Coal
Met Street
Bay
Michigan Central
Mion & St Louis
Missouri Pacific
N. Y
Cc & St. L
Nate Wees
Minn & St L. Ist
West Side
Ist Inc
Ewee Ensome
H R
Tess
St. L
E. L
Lack
Pace Esens
St .A. Ett
I. Swn
Scioto
Vahey
N. EB
Air Line Ky
Pac
South Rwg
Ihwr Mob
Kl & Wee Eens R & T. Inc
Tol
Tol. 1St
Coveeres
Hock
Kap
City
Ee Pees
Lake Erie & W
Ist
Long Island
Louk
Eee Rere T L “& West
Uist
Nn Bo
L. E
Light & Trpt Ee
Alaska Gold Mining
Bay State Gas
Carria Do
Goren
Gold Hill Copreene Consol
Havana
Comper
Houston
Tvepecusyes
Herring-Hall-Marvin
Encevess
Linois Transportation
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Standard Oil
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United Copper
European Stock Markets
London Times
York Times
Bourse
Marvin
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N.Y
Bait & “Ohio
Iol
Nes
Obio
Perens
American Tobacco
Louis, & N
Kan, & Tex
Central Foundry
Nor & West
Esscivcecas
Consolidated Rubber Tire
Ieee
Consolidated Tobacco Crate Ry
Srescelecces
Dominion Securities
Union ‘Pacific
Avbs Ae
Sesewnees
Prefess Bereasmee
Empire Con
Quicksilver
Empire Steel
Cseeuys Cones Selves
Lanston Monotype
EMER
Snes Saee Ets Veas
Universa Union Copper Tee
Virginia Iron, Coal& Coke
Worthington Pump
Ipo Mint
NEW York Stock Market
Detroit Gas
Etenee Fuller Co
Central Sehen
NEW York Times’ Review
Boerse
Atchison Stock
West Australia
PARRS
Allis-Chalmers Com
New Jam
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