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Newspaper

Philadelphia Times

Location

Philadelphia, Pennsylvania, United States of America

Date

Jun 13, 1901

Page

9

Money rates slip and stabilize on exchange day

Daily money markets show call money around three percent with highs near three percent and lows near two percent. Time money in fair demand at Philadelphia and London quotes around two to three percent. mercantile paper activity up with rates for sixty to ninety days near three percent and higher for longer terms. Bank and continental centers report mixed rates and slight declines in open market figures amid overall tighter liquidity.

Stock Exchange Mercantile Paper Baltimore Philadelphia Chicago London Bank of Nd Ier Oeshe Berks I Bet Troe le Eae Continental Follo | Bank Reems Essere St. Hetevebera Oso

Multiple Companies Payable Stock Dividends This Summer

A list of firms announces regular dividend schedules with dates and rates. Northern Pacific Railroad pays 1 percent quarterly on common stock August 5. Minneapolis and St. Louis 2 percent semi annual on preferred stock July 15. Western Union 1 percent quarterly July 15. New York and Honduras Rosario Mining 1 percent monthly June 22. Union Ferry 0.5 percent quarterly July 1. Heywood Rosewood Boston 2 percent on preferred June 17. American Iron and Steel 1.04 percent on preferred. Railway Equipment Philadelphia 1.4 percent monthly June 15. National Sugar New York 1 percent on preferred. Chicago Rock Island and Pacific 1.4 percent quarterly. Leon Boston Belting 2 percent quarterly July 1. American Stoker 2 percent on preferred July 15.

Northern Pacific Railroad Company Minneapolis and St. Louis Railroad Company Western Union Telegraph Company New York Boston American Iron and Steel Company Railway Equipment Corporation of Philadelphia National Sugar Company of New York Chicago, Rock Island and Pacific Railroad Leon Boston Belting Company

Busy at the Sub Treasury in Philadelphia

The Sub Treasury in Philadelphia reports $246,375,707.2T in vanits at Tuesday close and $5,505,882.63 in receipts with $331,000 disbursed. Treasurer Finney notes seven million five hundred thousand in gold certificates and $9,100,000 in gold coin plus $8,150,000 in standard silver dollars. He signed 402 thousand certificates totaling about $4,000,000. Officials anticipate the fiscal year ending June 30 will set new records.

Sub-Treasury Philadelphia Finney

European Stock Markets Show Mixed Close on June 12

London stocks gain in places while Canadian Pacific and Grand Trunk rise, Anaconda and Spanish bonds hold. Money market rules unchanged as mood remains cautious amid fears of Br coal liquidation and war prospects. American securities open strong but ease into afternoon trading. St Paul and Norfolk favored, Kaffirs strengthen. Transvaal Commission hints at non recognition of Dutch-South African concessions.

London Consola Canadian Pacific Anaconda Grand Trunk& Higher Stock Exchange Rai St. Paul Union Pacific Norfolk Transvaal Concessions Commission New York Stock Exchange

French and Spanish bonds move on Bourse firmness

Paris on June 12 reports French 3 percent rente closing 101 francs 2 centimes respectively and Spanish 4s at 71.95 up from 71.60. Trading was irregular yet the market remained firmer with a quiet close. Spanish 4s led gains on Madrid's non tax assurance while rentes eased Rio Tintos rose Kaffirs strong for London.

Paris Madrid London

Market Opens Weak on Transvaal Decline Hit by Blue Book

In Berlin on June 12 prices on the Boerse opened weak due to a sharp fall in Transvaal vadia and dynamite following London Blue Book details of the Transvaal concessions committee. Banks suffered. later trading steadied and the close was irregular.

Berlin Transvaal London

Run on Dresden Credit-Anstalt hits German banks

In Berlin on June 12 a bank run began on the Dresden Credit-Anstalt after a securities drop on the Boerse. Allied with the Kummer Electric Co and other institutions, the Credit-Anstalt and Kummer Co. lost 50,000,000 marks and urged depositors to stay calm. Dresden accounts say efforts will try to salvage both institutions.

Berlin Boerse Dresden

Franco Russian Industrial Bank Planned in St Petersburg

June 12 report from St Petersburg states articles of incorporation for the Franco Russian Industrial Bank with a 6,000,000 franc capital have been approved. Société Générale de Paris is the principal French participant. Offices beside the International Bank will open, with M. Wirth as director formerly of the Russo Chinese Bank. A. Rothstein is slated to retire from the International Bank directorship to become honorary president of the Executive Board.

ST. Petersburg Societe Generale de Paris International Bank M. Wirth Bourse A. Rothstein

London Gold Premiums Noted Across Cities

June 12 London quotes show gold premiums for Buenos Ayres 182.40 Madrid 38.60 Lisbon 39.50 Rome 4.92 as market rates listed in the daily bulletin.

London Buenos Ayres Madrid Lisbon Rome

Decline in Consols Attracts Anglo American Sales

The London Financial News notes conspicuous weakness in consols due to heavy selling by an Anglo American syndicate. It claims the Chancellor of the Exchequer granted a preferential loan allotment to sway the market, and that Wall Street influence may have succeeded. In other items, June 12 reports £5,000 balance in Bank of England, and Paris and Berlin bond and currency rates.

The London Financial News Wall Street London Bank of England Paris France Berlin

Bank note tax rule outlined by Commissioner Yerkes

Washington June 12 Commissioner Yerkes states that every national bank issuing currency must pay a monthly tax of one twelfth of a percent on the average amount of its circulation in addition to the $2.2 special tax.

Washington Yerkes Isanes Aeonel

Silver holds steady as London price flat at 277 16 pence

The London market shows silver unchanged at 277 16 pence per ounce while New York’s price for commercial bars was steady, though domestic futures saw a slight dip to 474 50. Market notes reflect flat overseas quotes with modest local shifts.

London New York

Illinois and Savings Bank calls capital increase vote

Chicago June 12 directors of the Illinois and Savings Bank recommend to stockholders a capital increase to four million dollars. The board proposes a surplus at par by October 1 and urges approval for the expansion.

Chicago The Illinois and Savings Bank Ieee

Grain Market Reports for Wheat and Corn Transactions

Market activity shows light offerings with speculative trading in wheat and modest export interest. Wheat receipts total 51,604 bushels with 24,000 exported. No 2 Pennsylvanian and Delaware grades cited. Corn receipts 9,087 bushels with 81,356 shipped, prices lower on easy cables and light export demand. Car lots offered at mixed and yellow grades, with some export terms and varying par values.

Callass

Receipts and Wheat Market Slump Reflect Grain Trade

Receipts record 2 732 barrels and 4 378 006 pounds in sacks as the market weakens in step with wheat declines. Prices shown for Winter and Spring wheats vary, with extras and patent grades quoted from 2.05 to 9.60 per unit, while rye flour remains dull yet steady around 2.75 to 2.90 per barrel, reflecting cautious trading by jobbers.

Market Report Notes Steady Demand for Fine Goods

Good demand for fine goods with firm prices under moderate offerings. Medium and low grades plentiful and moved slowly at irregular rates. Western creamery prices noted with extra terms and wholesale jobbing details cited.

Trade Quiet as Buyers Dominate with Skim Prices

Trade was quiet and prices favored buyers with small NY Nile boxes quoted at 94 to 94-1/2 cents for choice, 81 4a to 84a for fair to good, and part skimmed varieties noted by quality.

New York Nile

Eggs Supply and Demand Steady with Firm Prices

Moderate egg supply meets steady demand amid fair market. Quotations show Pennsylvania and nearby regions with lower bids, Western district also down, while fresh eggs sell well at 12 to 18 cents per dozen.

Pennsylvania

Live Poultry Prices at Former Rates

Live poultry was moderately stocked and sold fairly at existing prices. Fowls and hens were quoted at 11c for quality, old roosters at 10c, spring chicken prices ranged from 12c to 26c per pair, with chickens weighing up to one pound and a half priced accordingly.

Market Prices For Poultry And Chickens

Quotations list fresh killed fowls at 100 cents per pair, old roosters at 6 to 7 cents, broilers weighing four to four and a half pounds per pair at 25 to 30 cents, three to three and a half pounds per pair at 22 to 25 cents, Western dry picked broilers at 22 cents, scalded birds and frozen chickens also noted.

Food Prices in Early Market Report

A detailed listing shows liberal supplies and steady fruit demand. Apples range from 2.50 to 4.50 per barrel or box, California oranges at 2.75 to 4.00, and berries priced per quart. Watermelons, cantaloupes, peaches, and pineapples appear with varied Florida crate and per-hand prices.

California St. Michaels Florida Cantaloupes

Market Report Shows Steady Demand for Southern Vegetables

The report notes steady demand with fair prices for Southern vegetables. Potatoes across grades ranged around $3.25 to $4.50 per barrel, with cabbage in Norfolk at about $1 per barrel. North Carolina beans and wax beans sold by basket or box at $1.25 to $1.75, tomatoes around $1.20 per carrier, and beets about two cents per bunch. New potatoes were moderately scarce.

Norfolk Southern North Carolina

Prices for Confectionery Goods With 5 Point Shade

Market quotes show limited prices for various confectionery items with a 5 point shade by Mc Cahan on prompt delivery. Discounts include a 1.5 cent per 100 pounds rebate after thirty days.

McCahan

Unclear meat market ad with mixed meat terms

A fragmented shop advert lists city and western beef items in smoked and air dried forms with varying prices. stray phrases reference pork, bame, cured goods, and brand notes, ending with garbled text.

Prices for Winter Bran Decline in Limited Supply

Report notes bran prices held steady for bulk tonnage while sack sizes varied, reflecting constrained supply and uneven demand. Reading from market listings shows small grain returns, with traders adjusting quotes based on container size and delivery options.

Cotton Prices Held Quietly at 89 16 per Pound

Upland middling cotton stayed firm with a bid of 89 to 16 cents per pound, reflecting steady demand. The market showed cautious activity as buyers and sellers navigated the price level.

New York Prices and Market Notes on Grains and Wheat

New York June 12 market report shows flour receipts 18 800 barrels with exports 12 042 barrels, prices weak. Rye flour quiet, cornmeal easy with Brandywine at 2450–2500. Wheat receipts 25 650 bushels exports 85 306 bushels spot weak No 2 red fob and elevator quotes, Duluth futures mixed. Corn receipts 161 000 bushels exports 2 080 foods with No 2 at 47 cents, steady at opening and West market influence noted. Sugar raw steady with quiet activity.

New York Western City Mec Duluth E& Ted Paris

Market Ends Mixed as July August Prices Edge Higher

Overnight market opened quiet with prices about 3 points lower due to profit taking. Outside buying renewed interest lifting prices into midday and evening sessions, with July futures around 8.28 and August near 7.08 before profit taking and late buying pushed the market higher. Closing prices showed a firm tone with little net change. overall strength remained in the forward curve as new crop positions lagged behind the gain.

Porte Gore Vest'y

Wheat and corn futures dip on crop conditions and demand

Chicago markets show wheat slipping as favorable crop prospects offset by export strength. July corn and oats trade narrow, hogs and lard support meat futures with steady to higher closes amid mixed demand and carries. Primary receipts and seaboard clearances influence near term prices and forecasts.

Chicago Seaboard Minneapolis Duluth Shorts Cate

Live Stock Quotations Across Markets June 12

Chicago livestock receipts show cattle steady to weak with Texans, good to prime steers 5.50 to 6.36, hogs opened higher but closed easier with tops 6.25, sheep and lambs mixed with Western and native entries, Cincinnati and New York markets report steady to easy cattle and hogs, veal lower, dairy by products noted as steady.

Chicago Cincinnati New K Chant Liberty

Cottonseed Prices Jump Amid Firm Demand in New York

New York traders report cottonseed firm with fair demand and a notable upward price tilt. The market shows steady bidding and active interest from buyers seeking steady supply.

New York

Minneapolis market notes and odd prices

Fragmentary list from Minneapolis pricing page shows cash terms and various items with unreadable names and figures. It references Juve SR Cieey and Lee Cartan among scattered prices like 68c and 70e in a July context.

Minneapolis Juve SR Cieey Cash Sever Gate Lee Cartan

Wool trade shows firmer tone amid mixed demand

The American Wool and Cotton Reporter reports a slightly better sentiment in wool markets as demand improves across large and small mills. Purchases are diversifying with American and Australian crossbred wools, though foreign mills face weak pricing and competition.

Pacific Fire Insurance quits after Jacksonville loss

A New York based insurer with roots back to 1851 retires from active business after Jacksonville fire losses. Pacific Fire Insurance Company reports $80,000 in claims from the one fire and effects a reinsurance deal with Westchester Fire Insurance Company, preserving in force over $60,000,000 of coverage. Sumner Ballard facilitates the reinsurance as directors decide to withdraw.

Jacksonville New York Fire Insurance Company Florida Pacific Fire Insurance Company of New York Sumner Ballard Westchester Fire Insurance Company The Pacific

Edinburgh actuarial society leader and fellow passes

A Scottish actuary and leader affiliated with the Edinburgh societies and faculties has died. He served as secretary, vice president, and fellow of the Scottish Faculty of Actuaries and the Institute of Actuaries, contributing to the Actuarial Society of Edinburgh.

Ted With Ate. Greatttociety of Edinburgh Scottish Faculty of Actuaries Institute of Actuaries of Actuarial Society of Edinburgh

New York Underwriters Case Ends in Full Judgment

The suit against W. R. Hodge of Toledo Ohio for 12515 tied to an 1898 Union Elevator fire ended with a full judgment in favor of the plaintiff. Hodge avoided another trial after a prior jury die, and friends paid the costs to vindicate the New York Underwriters' Agency.

W. R. Hodge Toledo Joss Union Hodge New York

National Fire Protection Association Meets in Chicago

The National Fire Protection Association gathered at the Grand Pacific in Chicago last Tuesday. President Hexamer outlined progress since the New York formation five years ago, urged consensus on rate bases, and noted new committees to study dust explosion, fire hazards, blowers, and firefighting regulations. An honorary life membership was created for A. Crosby of New Hampshire.

National Fire Protection Association Grand Pacific Chicago Liverpool London Globe C. A. Hexamer Philadelphia New York Hexamer Hexamere A. ©. Crosby New Hampshire Crosby Stratton Fiske Fie

Pennsylvanian and B&O Officials Confer at Broad Street

Busy Broad Street Station seen as Pennsylvania Railroad leaders and Baltimore and Ohio executives gather for a semi monthly directors meeting. Officials deny absorbing the Pennsylvania Steel Company while routine business is noted and summer appointments loom. Loree remarks on Baltimore and Ohio line integration but offers no details.

Broad Street Pennsylvania Road Publi Pennsylvania Steel Company William L. Elkina Clement A. Griscom Loree Potter John K. Cowen L. Wolford Baltimore and Ohio Railroad Baltimore and Ohio Board Green, McCrea Prevost Pennsylvania Baltimore Ohbte Baltimore and Ohio

Widow Bowen Wins $5000 Against New York Insurance

Frances M. Bowen, widow of Jason M. Bowen, won a verdict for $5,000 plus interest against the Preferred Accident Insurance Company of New York. Bowen’s death in June 1895 followed a gun mishap while policy dated 1893 insured him for $5,000. The company alleged misrepresentation of age and late filing as defenses.

New York Bowen

Policies issued before July 1 require revenue stamps

The Internal Revenue Department rules that fire insurance policies delivered before July 1 1991 must be stamped regardless of issue date. Companies advise agents to defer July business if it does not affect retention of clients.

Internal Revenue Department

Union Traction finances show $8 million assets and insurance fund

A Union Traction finance committee reports $8,000,000 in securities and $700,000 to $800,000 in the insurance fund. A director says blocking unoccupied streets hinders further city extension, delaying stock calls, with a possible dividend by year end.

Union Traction Finance Committee Union Traction Company

Stockholder Sues Fort Wayne Railway Company

Francis T. White of New York files a suit in the U.S. Circuit Court against the Pittsburg Fort Wayne and Chicago Railway Company claiming 200 shares of seven percent special guaranteed stock and seeking to restrain the payment of the April 19 1901 dividend on the original stock unless a dividend is paid on the special guaranteed stock.

Pittsburg United Sates Pittsburg, Fort Wayne

Policyholders win as court orders recovery for Na tional Life

Judge Rora back rules in favor of policyholders of the National Life Association of Hartford now under receivership. On July 7, 1800, thousands faced terminated policies by court decree. A committee investigated the claims, guiding the dispute between the party and the committee’s findings.

Roraback National Life Association of Hartford Sween Ee

Insurance and leadership changes in mutual and Phoenix firms

Maine resident Carr weighs renewing the Mutual Reserve license as it expires. B Roger Owen becomes manager of Phoenix Assurance Company, London, while George Tyson aids as assistant manager. Supreme Court Justice Herrick rules on applications from Attorney General Davies. Missouri tax litigation is not expected to proceed in higher courts. Philadelphia reports $7,785,268 paid out in gross life insurance last year.

B. Roger Owen Commercial Union Assurance Company Palatine Insurance Company Phoenix Assurance Company London Supreme Court D. Cady Herrick Missouri St. J Lemar St. Louis Kateas City Court of Appeals Philadelphiang

Cortlandt Traction Company Formed in Albany

The Cortlandt Traction Company was incorporated today with a capital of 820000 to operate the Cortlandt and Homer Traction Company franchises which it has purchased. Directors include D. Stepees ar and William B. Wait of New York City, Frank Battles, H. Fisher of Philadelphia, Herman ex of Ithaca, H. P. Lane of Sera G, H. Garrison of Troy, B. F. Taylor, Hugh Duffy, Edwin Duff and E. H. Brewer of Cortlandt.

Philadelphia Albany Cortlandt Traction Company Cortlandt and Homer Traction Company D. Stepees Ar William B. Wait New York City Frank Battles H. Fisher Hermanex Ithaca H. P. Lane Sera G H. Garrison Troy B. F. Taylor Hugh Duffy Edwin Duff E. H. Brewer Cortlandt

Railroad and industrial mergers and personnel changes reported

The notice outlines moves including Jacob Harr moving from Baltimore and Ohio to Chicago based on July 1 conductors' pay rise affecting 30 men. The Big Pour Railroad plans to buy Cincinnati Northern with traffic deals and dividend delay. Texas Pacific directors to meet Wednesday. state approval for routes and company consolidations are noted amid ongoing deals and construction plans.

Big Pour Railroad Cincinnati Northern Railroad

New Corporation Formed With Ten Million Dollar Capital

A new core corporation is created with authorized capital of 10 million dollars. The filing states the entity will operate under the planned structure and capital framework.

Pittsburg Trolley Situation Highlighted by Interwoven Roles

Street notes and broker offices reveal deep links among Pittsburg traction figures. T. H. Given sits on boards of the Philadelphia Company and Pittsburg Consolidated Traction, closely allied with Colonel J. M. Guffey and his petroleum venture. Joshua Rhodes and J. A. Reed hold Consolidated Traction and Philadelphia Company posts respectively. A. W. Mellon also sits with Guffey interests.

Pittsburg T. H. Given Philadelphia Joshua Rhodes J. A. Reed A. W. Mellon Colonel Guffey

Merger Of New Jersey Rail Lines Consolidated

The Atlantic City Railroad Company Seashore Railroad Company and Camden County Railroad join with the Ocean City Railway Company to form one management in Ocean City New Jersey with capital stock of 3 625 000 including 1 000 000 preferred.

Atlantic City Railroa Company Seashore Railroad Company Camden County Railroad Company Ocean City Railway Company Ocean City N. J

Georgia Crop Conditions Reported For June

The Georgia Department of Agriculture reports June 1 crop data showing a 2 to 7 percent rise in bottom acreage across regions. However, overall crop condition is down, with cotton stands below average and replanting common, delaying maturity by about two weeks statewide. Fruit crops lag, while grain and other crops run near average.

Atlanta Departement of Agriculture Georgia

Diamond State Steel Nearing Change in Ownership

Report says Diamond State Steel Company may change hands before month end or in July. Negotiations are under way after a refused offer to take all output at a long price. Much output goes to railroad supplies, with rail interests among the overtures. Large buyers fear a single supplier from the United States Steel Corporation and may seek independent sources if no new independent deal emerges.

Diamond State Steel Company United States Steel Corporation

Pennsylvanians Lease Middlesboro Steel Plant

Middlesboro Kentucky June 12 Pennsylvania capitalists have leased the large Middlesboro steel plant. The move marks a significant investment by eastern financiers in the mountain citys industrial facility.

Middlesboro Pennsylvania

State issues charters to several Pennsylvania firms

The State Department granted charters to multiple corporations in Harrisburg on June 12. The Herald Press Association in Honesdale with $6,000 capital. International Preumatic Packing Company in Scranton with $2,000. Tusseys Mountain Mining and Smelting Company in Huntingdon with $30,000. The People's Ice Company in Harrisburg. The Peltsonia Water Company in Allentown. and others with varying capitals.

Pennsylvania Harrisburg State Department The Herald Press Association Honesdale Capital International Preumatic Packing Company Scranton Tusseys Mountain Mining and Smelting Company Huntingdon People’s Ice Company Capital No

Camden County Clerk Saffron Sapphire Corandum Company filing

In Camden yesterday the Camden County Clerk processed a corporate filing by Sapphire Corandum Company. The brief entry notes incorporation activity and related registry action in Camden.

Camden Eas Sapphire Corandum Company

Credit balances and shipments update in OW city data

June 12 report notes credit balances at 1.65 percent and bid shipments averaging 123,766 barrels with runs totaling 4 412 barrels.

Bank Clearings Report Shows Rise and Decline

Bank clearings yesterday rose in some sectors while others fell, with the exchange and quotation movement showing uneven gains and losses across major cities. The report notes increased activity amid shifting capitalization and interbank transfers.

Also Mentioned on This Page

Ask Ask & Fina Nis Broadway Sust Oas Brook Gite RR Columbus’ Railway N. Av Grand Reiss St St. R R. R Stein. R. Go Severter Iapia Tran Osth Wes Ines) Trac, Pf Buffalo N. Y Central Union Newark New Jer Myer Gas Nu & Hudson Gas Indianapolis Eee Mutual Gas of New Amsterdam Coke Ice¢ Bo Iowa Philadelphia Times Pittsburg Stock Exchange Rcan Trust Hegheny Bank Consolidated Gas Consolidated Ice Marsden Co Oale Penna South Ide Trust Sellar Mine Serene Lass European Stock Markets N.Y Atchigon Balto Canadian— Pacific Ches Qaicagt & Gt Deere Rio G St. Ps Renee Louis. & Nash West Ific Rwy Berlin Boerse St Beber Cottonseed Oil Firm Boston Wool Market Bospon Weel and Cotton Reporter Pacific Fire National Association B. End O Western Union Ener Enews Union Traction Fort Wayne Surance Phoenix Hartford Hew Hamp Peng Roar Tage Ma George Tyson San Polger Philadelphians Jacob N. Harr Bensimen Louisville Railway Texas Pacific Griest Conteavile Downingtown Ee Apd Birmingham Ladoes Mewiman Ian Girard Trust Company Seba Tat View Jacob Wand &. Page Tucker Bispham Min W. Richaniene Arrett W. E. Cor BRO Gems Geo H. McFadden Thos DeWitt Cuyler Ha Kuba James Speyer Chestnut Sts BEN J. H. Gaskill & CO N. W. Cor 5Th and Rae United AS Improves. Co Lewis Lillie the. Equitable Illuminating Gasket Company Ladelphia W. A. McRwen New Jersey Diamond State Steel Delaware Jay Stee
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