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Newspaper
Philadelphia Times
Location
Philadelphia, Pennsylvania, United States of America
Date
Jun 10, 1902
Page
10
The report lists dried meats and seafood prices by brand and weight, vegetable and fruit prices with regional varieties, refined sugar prices and cash discounts, cotton market status, and Chicago grain futures with closing values. It includes grain quotes for wheat corn and oats, alongside cash flour and pork and lard prices and bank clearings across major cities.
In New York on June 9 Judge Lacombe denied the C. H. Werner Company and others to restrain United States Steel Corporation from issuing 250 million dollars in bonds and retiring 200 million of its preferred stock. The action, first filed in New York Supreme Court, moved to the federal circuit over questions of New Jersey law. A rule to show cause to enjoin converting 200 million of preferred stock into bonds was granted in Newark, with a temporary restraint pending further action. Robert H. McCarter led the motion for Mrs. Meriam Berger and other stockholders. A Tril Trenton bill claims the conversion violates vested stock rights.
New York price listings show flour receipts 22,514 barrels and exports 59,885. rye flour and corn meal mixed bids. wheat receipts 180,200 bushels with futures and spot prices for No 2 red and hard Manitoba. Market mood dull, late trading weak. corn and oats follow the softer trend. fats and meats steady to firm with pork prices around 19 dollars.
The New York cotton market opened quietly with mixed early bids but quickly surged as shorts were covered fueled by crop complaints across the belt. Prices for July and August firmed while Liverpool cables lagged and rain forecasts remained uncertain.
Cattle receipts 17 500 head in Chicago with steers firm to 10c higher and prices for good to prime from 7.35 to 7.85. hogs 41 000 head with strong to higher, bulk 7.10 to 7.40. sheep 20 000 head with lambs steady and wethers 5.25 to 6.15. New York cattle 4 154 head active and steady to strong, calves 4 629 head higher, sheep and lambs steady to higher, hogs 9 018 head easier. East Buffalo cattle receipts 3 700 head with prime steers 7.25 to 7.60 and veals up to 7.25. Continuous price ranges and varied quality across markets outlined.
May additions to the national banking system totaled 1 019 associations with 55 944 000 in capital and 14 692 350 in bond deposits. Local banks show mixed reserves with three banks below legal reserve. New York banks report a 628 000 loss. Connecticut banks plan dividend rate cuts due to a new tax policy taxing banks directly at ten mills per dollar of stock market value.
Special to the Philadelphia Times reports a dull trade in Cloverseed at Toledo with no receipts or shipments. Prices closed easier by 24 cents from Saturday, with selling focused on October futures and Oct No 5 listed at cash 5.10 and October.
Cotton futures held steady with varied bids as July to January contracts traded around the 7.3 to 7.8 range. Oil City notes credit balances at 1.20 with no bid on certificates and heavy shipments. Whisky finished goods in Cincinnati steady at 1.30 a barrel. New York reports the visible grain supply for June 7 with Wheat at 26,001,000 bushels and corn at 4,261,000. bar silver in London unchanged at 23 15-16 pence.
New York June 9 all grades of refined sugar advanced five points today reflecting market adjustment and higher wholesale costs.
John Potts, a Black man, was detained at Central Police Station before Magistrate Kochereperger on assault and battery charges. Reserve Policeman Lacelle testified Potts knocked an elderly woman down with his bicycle at Thirteenth and Market, injuring her leg. Bail set at $600.
In Common Pleas Court No 4 an equity suit involved a one foot wide strip adjoining 1838 Chestnut Street and Watts street rear court. Albert and Kate Mershon as trustees claim Weightman encroached when Garrick Theatre built fire escapes. Hearing continues. Alexander Simpson Jr for complainants. John G Johnson for defendant.
Jennie Cohen pleaded guilty to conspiracy to defraud in a fraudulent damage suit by Mrs. Sarah Brown against Union Traction Company. She received one year in county prison, matching the sentence for Mrs. Brown. The judge condemned the case as a perjured, justice-betraying conspiracy in a court of law.
Mrs Mary Harris filed equity proceedings to recover money paid to satisfy municipal claims on two properties at Airdrie and Lawrence streets. Harris, owner of the ground rents, paid the claims after Wilson refused. Trial showed Wilson ceased to be owner. verdict stood subject to legal points and was reserved.
A section of a new building under construction collapses trapping two workers, authorities say. Rescue teams arrive as onlookers watch, with one man reported injured and the other unaccounted.
Deeds convey 276 10 acres from Miriam P. Roberts to Philadelphia city at Belmont and City Line avenues for 157154.71. The piece traces to George B. Roberts and the Belmont reservoir filtration site. Ongoing listings note residential alterations, factory constructions, and new warehouses with bids due mid June.
From the Zanesville Times Recorder Mrs Lydia A Shankin was granted a divorce from Charles Shankin in Probate Court Judge Roche granted the divorce after a long sequence of hearings and petitions. The couple had been married at the county fair last fall and faced multiple court actions over alimony and separation before final relief.
Washington June 9 The following pension certificates issued under May 19 include numerous names and amounts across Pennsylvania Delaware and Maryland. List includes Denniston Jersey Shore $6 Reese Pittsburg $6 Pinkerton Columbia Stewart Tarentum $6 etc. Widows and dependents appear among the entries with various sums listed for service and eligibility.
A garbled list details exterior and interior alterations and additions at numerous Philadelphia addresses. Names include Michael Schwab, John Schuser, Charles W. Goger, W F Rayner, William Henderson, Abraham Franks, John Bowers & Co, John Det ers, John D. Thomason, Mitchell Brothers, and others. Projects feature brick additions, interior changes, rear additions, and porches across streets such as Walnut, Moravian, Christian, York, Thirteenth, Fifteenth, Eighteenth, Arch, Shackamaxon, and Old York Road areas.
The American Window Glass Company in Alexandria Indiana reports a new blowing machine that replaces sixty blowers with twelve machines and twelve workers. The West first unit operated successfully, allowing twelve men to do the old work. The plant had halted months earlier due to blower shortages.
Capital announces a new service offering safe deposit boxes for rent with a target capitalization of 1 million dollars. The initiative aims to attract individual and business customers seeking secure storage solutions.
A roster lists officers including THOMAS DeWITT CUYLER First Vice President and Counsel and HORATIO G. LLOYD Second Vice President with J. H. MASON Treasurer and FRANCIS J. ALISON Asst. Treasurer. Directors named include Thos DeWitt Cuyler William L. Elkins Henry Frick and several others.
Special to Louisville Courier-Journal notes glass blowers are exercised over an invention and its potential impact, with mention of dividends and ongoing work throughout the year.
The text notes a club car service or connection between Philadelphia and Cape May via the West Jersey and Seashore Railroad and references the Pennsylvania Kalhona Company in a partial, unclear fashion. The fragment implies a rail link or corporate naming but lacks complete facts or dates.
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